Cheyne Capital Management (UK) LLP

CIK

1390457

Location

LONDON, X0

Portfolio Value

Micro $502,810

Diversification

Highly concentrated

Filing Date

Global Rank

#6,534 / 7,317 ▼ 558

Top Industry

Drug Manufacturers - General 52.1%

3Y Alpha vs SPY

+10.3%

Period ended 2 years ago

Filed Feb 12, 2024 · 2y

16 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+127.5%

SPY

+78.1%

Annualised alpha

+10.3%

Max drawdown

−20.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

11 positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023

Top Position

52.1%

+16.4 pts

Top 5

81.5%

+8.1 pts

Top 10

99.2%

+8.2 pts

HHI

3,013

Highly concentrated+1,216

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Healthcare	52.1%	$11,748,169	1
Energy	38.7%	$8,721,985	6
Basic Materials	6.2%	$1,402,504	2
Consumer Defensive	2.2%	$502,810	1
Communication Services	0.8%	$170,700	1

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
CVE	Cenovus Energy Inc.	+44,615	97,615	$1,625,289
SU	Suncor Energy Inc	+24,176	70,476	$2,258,051
LLY	ELI LILLY & Co	+1,184	20,154	$11,748,169
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
OXY	Occidental Petroleum Corp /De/	−26,750	26,750	$1,597,242
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
S	SentinelOne, Inc.	266,700	$4,496,562
IQV	Iqvia Holdings Inc.	4,800	$944,400
UBER	Uber Technologies, Inc	20,000	$919,800
CRL	Charles River Laboratories International, Inc.	2,500	$489,950
TVTX	Travere Therapeutics, Inc.	26,200	$234,228
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1 positions · $502,810 total · Consumer Defensive only · as of Dec 31, 2023

All sectors Basic Materials Communication Services Consumer Defensive Energy Healthcare

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
KR	Kroger Co Consumer Defensive	Held	11,000	0	$502,810	+2.1%	100.00%