Cheyne Capital Management (UK) LLP Q1 2023 vs. Q2 2023 13F Holdings Comparison

Cheyne Capital Management, a prominent investment firm based in the UK, has recently released its Q1 2023 and Q2 2023 13F holdings. The comparison between these two quarters reveals some interesting changes in the company's portfolio. In this article, we will delve into these changes and analyze the impact on the overall market.

One of the most significant changes in Cheyne Capital Management's holdings is the reduction in shares of "LILLY ELI & CO" (LLY). In Q1 2023, the firm held 18,500 shares, which decreased to 14,960 shares in Q2 2023, representing a 10.4% decrease in holdings. This reduction might be attributed to various factors, such as market trends or the company's specific investment strategy.

Another notable adjustment is the unchanged number of shares in "OCCIDENTAL PETE CORP" (OXY). Cheyne Capital Management maintained its position with 53,500 shares throughout both quarters. However, the value of the shares decreased from $3,340,000 in Q1 2023 to $3,145,000 in Q2 2023, indicating a 5.8% decline.

In contrast, Cheyne Capital Management significantly decreased its holdings in "SEA LTD" (SE). The number of shares dropped from 53,656 in Q1 2023 to 48,800 in Q2 2023, showing a 39% reduction. Similarly, the value of the shares declined from $4,643,000 to $2,832,000, indicating a bearish outlook on this particular stock.

A noteworthy change in Cheyne Capital Management's portfolio is the addition of a substantial amount of shares in "SENTINELONE INC" (S). The firm had no shares in Q1 2023 but acquired 148,000 shares in Q2 2023. This sudden increase suggests that the company recognizes the growth potential and profitability of this stock.

Furthermore, Cheyne Capital Management established a new position in "FARFETCH LTD" (FTCH) during Q2 2023. The firm purchased 359,907 shares, reflecting its bullish sentiment towards this company. Although there were no holdings in Q1 2023, the value of the shares in Q2 2023 reached $2,173,000.

Amidst these changes, it is crucial to mention the 5.6% decrease in shares of "SUNCOR ENERGY INC NEW" (SU.TO). Cheyne Capital Management held 46,300 shares in both quarters, with the value dropping from $1,437,000 to $1,357,000.

Another slight adjustment occurred with "NOBLE CORP PLC" (NE). The investment firm maintained its position with 32,100 shares, resulting in a minimal increase of 4.7% in value.

Additionally, Cheyne Capital Management acquired 4,800 shares of "IQVIA HLDGS INC" (IQV) in Q2 2023, marking its entry into this stock. The company did not hold any shares in Q1 2023, and the value of the shares reached $1,078,000 in Q2 2023.

Another new addition to the portfolio is "KINDER MORGAN INC DEL" (KMI), which Cheyne Capital Management expressed confidence in by acquiring 60,000 shares during Q2 2023. The value of these shares amounted to $1,033,000.

Cheyne Capital Management also increased its stakes in "ISHARES INC" (EWZ). While maintaining 27,500 shares in both quarters, the value surged from $752,000 to $891,000, reflecting an 18.4% increase.

Moreover, the investment firm purchased 20,000 shares of "UBER TECHNOLOGIES INC" (UBER) during Q2 2023. This increase boosted the value of the shares from $634,000 to $863,000, representing a substantial 36.2% rise.

Moving on, there was a decrease in shares of "LH," "KR," "RAPT," and "WBD," but no specific information was provided regarding the exact change in holdings.

Cheyne Capital Management also reduced its positions in "PAN AMERN SILVER CORP" (PAAS.TO). The number of shares dropped from 30,800 to 30,800, and the value decreased from $560,000 to $449,000, resulting in a 19.9% decline.

In conclusion, Cheyne Capital Management's Q1 2023 vs. Q2 2023 13F holdings comparison signifies a dynamic approach to investment management. The changes in holdings across various stocks reflect the firm's adaptability to market trends and its pursuit of profitable opportunities. Investors and market enthusiasts will undoubtedly be keeping a close eye on these adjustments, as they provide valuable insights into Cheyne Capital Management's strategy and potentially offer inspiration for others in the investment field.