SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Cheyne Capital Management (UK) LLP

CIK 0001390457 · STORNOWAY HOUSE, 13 CLEVELAND ROW, LONDON, X0, SW1A 1DH · 011-44(0)2070317450

Reported Value
$32M
Q1 2023
Positions
22
Filings on Record
22
2019–present window
Filed
May 3, 2023
original filing

Summary

Cheyne Capital Management (UK) LLP reported $32M in U.S.-listed holdings across 22 positions for Q1 2023.

The portfolio is heavily concentrated: LLY alone accounts for 20.1% of reported value.

Compared with Q4 2022, the fund opened 8 new positions and exited 44.

Portfolio Metrics

Turnover
+40.8%
vs prior filed quarter
Top-10 Concentration
+84.1%
share of reported value
Largest Position
+20.1%
Lilly Eli
New / Exited
8 / 44
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $106MQ4 ’18Q1 ’19: $107MQ2 ’19: $138MQ3 ’19: $158MQ3 ’19Q4 ’19: $165MQ1 ’20: $97MQ2 ’20: $148MQ2 ’20Q3 ’20: $203MQ4 ’20: $198MQ1 ’21: $158MQ1 ’21Q2 ’21: $220MQ3 ’21: $168MQ4 ’21: $154MQ4 ’21Q1 ’22: $159MQ2 ’22: $118MQ3 ’22: $47MQ3 ’22Q4 ’22: $57MQ1 ’23: $32MQ2 ’23: $27MQ2 ’23Q3 ’23: $35MQ4 ’23: $28Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 73.7%ADR: 14.7%Other: 4.7%ETP: 4.1%Equity WRT: 2.0%US DOMESTIC: 0.8%
  • Common Stock · 73.7% · $23M
  • ADR · 14.7% · $5M
  • Other · 4.7% · $1M
  • ETP · 4.1% · $1M
  • Equity WRT · 2.0% · $635,500
  • US DOMESTIC · 0.8% · $258,806

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LLYLILLY ELI & CONEW+18.5K18.5K+$6M$6M
SESEA LTDNEW+53.7K53.7K+$5M$5M
HASHICORP INCNEW+58.8K58.8K+$2M$2M
NATURA &CO HLDG S ANEW+279.0K279.0K+$1M$1M
EWZISHARES INCNEW+27.5K27.5K+$752,950$752,950
OXY/WSOCCIDENTAL PETE CORPNEW+15.5K15.5K+$635,500$635,500
KRESPDR SER TRNEW+12.0K12.0K+$526,320$526,320
NRG ENERGY INCNEW+250.0K250.0K+$258,806$258,806

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LLYLILLY ELI & COhistory →COM20.14%$6M18.5K
2SESEA LTDhistory →SPONSORD ADS14.72%$5M53.7K
3OXYOCCIDENTAL PETE CORPCOM · *W EXP 08/03/20212.60%$4M69.0K
4ABXBARRICK GOLD CORPhistory →COM11.77%$4M200.0K
5HASHICORP INCCOM CL A5.46%$2M58.8K
6NATURA &CO HLDG S AADS4.62%$1M279.0K
7SUSUNCOR ENERGY INC NEWhistory →COM4.56%$1M46.3K
8NENOBLE CORP PLChistory →ORD SHS A4.02%$1M32.1K
9TECKTECK RESOURCES LTDhistory →CL B3.25%$1M28.1K
10CVECENOVUS ENERGY INChistory →COM2.93%$925,38053.0K
11AEMAGNICO EAGLE MINES LTDhistory →COM2.65%$835,90816.4K
12EWZISHARES INChistory →MSCI BRAZIL ETF2.39%$752,95027.5K
13CRCCALIFORNIA RES CORPhistory →COM STOCK2.29%$723,22318.8K
14UBERUBER TECHNOLOGIES INChistory →COM2.01%$634,00020.0K
15PAASPAN AMERN SILVER CORPhistory →COM1.78%$560,56030.8K
16KRESPDR SER TRhistory →S&P REGL BKG1.67%$526,32012.0K
17NRG ENERGY INCDBCV 2.750% 6/00.82%$258,806250.0K
18BERRY CORPCOM0.77%$243,35031.0K
19ALL BIRDS INCCOM CL A0.38%$120,000100.0K
20MAGENTA THERAPEUTICS INCCOM0.12%$37,48647.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2023$28M15Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$35M24Oct 27, 202313F-HRchanges · EDGAR ↗
Q2 2023$27M19Jul 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$32M22May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$57M59Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$47M35Nov 10, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022$118M108Aug 5, 202213F-HRchanges · EDGAR ↗
Q1 2022$159M142May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$154M125Jan 26, 202213F-HRchanges · EDGAR ↗
Q3 2021$168M112Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$220M114Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$158M100May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$198M88Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$203M57Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$148M46Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$97M40May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$165M43Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$158M40Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$138M42Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$107M35May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$106M35Feb 5, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.