CCMU

Cheyne Capital Management (UK) Portfolio holdings

AUM $27.9M

1-Year Return 36%

2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+18.51%

1 Year Return

+36%

3 Year Return

+35.64%

5 Year Return

+212.65%

10 Year Return

+660.34%

AUM

$415M

AUM Growth

+$36.8M (+9.7%)

Cap. Flow

+$5.48M

Cap. Flow % of AUM

1.32%

Top 10 Holdings % Top 10 Hldgs %

74.24%

Holding

New

Increased

Reduced

Closed

Top Buys

1	HSP HOSPIRA INC HSP	$37.9M
2	PCYC PHARMACYCLICS INC PCYC	$34.8M
3	RVBD RIVERBED TECHNOLOGY, INC COM RVBD	$30.4M
4	LTM LIFE TIME FITNESS INC LTM	$27.9M
5	CYBX CYBERONICS INC CYBX	$7.43M

Top Sells

1	CBST CUBIST PHARMACEUTICALS INC CBST	$37.6M
2	CFN CAREFUSION CORPORATION CFN	$37.1M
3	IRF INTL RECTIFIER CORP IRF	$34.2M
4	DRC DRESSER-RAND GROUP INC DRC	$5.85M
5	T-Mobile US TMUS	$5.32M

Sector Composition

1	Healthcare	21.9%
2	Consumer Discretionary	16.02%
3	Technology	10.09%
4	Communication Services	6.82%
5	Industrials	1.95%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Energy Transfer Partners ET $58.8B	$1.37M	0.33%	+43,200	New	+$1.37M
27	27 Micron Technology MU $148B	$1.36M	0.33%	+50,000	New	+$1.36M
28	28 The Greenbrier Companies GBX $1.43B	$1.3M	0.31%	+22,500	New	+$1.3M
29	29 RTX Corp RTX $206B	$1.17M	0.28%	15,890 +3,972	+33%	+$293K
30	30 Cheniere Energy LNG $51.4B	$1.16M	0.28%	+15,000	New	+$1.16M
31	31 Delta Air Lines DAL $40.1B	$1.02M	0.25%	22,700 +2,700	+14%	+$121K
32	32 LyondellBasell Industries LYB $17.4B	$878K	0.21%	+10,000	New	+$878K
33	KMI.WS 33 DELISTED Kinder Morgan Inc KMI.WS	–	–	0	–	-$795K
34	34 Roper Technologies ROP $56B	$688K	0.17%	+4,000	New	+$688K
35	35 Helmerich & Payne HP $1.99B	$681K	0.16%	+10,000	New	+$681K
36	BGH 36 Barings Global Short Duration High Yield Fund BGH $333M	$667K	0.16%	+1,100,000	New	+$667K
37	37 DigitalBridge DBRG $2.07B	$656K	0.16%	+7,033	New	+$656K
38	HDS 38 DELISTED HD Supply Holdings, Inc. HDS	$623K	0.15%	+20,000	New	+$623K
39	39 Brookdale Senior Living BKD $1.83B	$566K	0.14%	15,000 -10,000	-40%	-$377K
40	B 40 Barrick Mining Corporation B $49.5B	$548K	0.13%	50,000 +10,000	+25%	+$110K
41	ANDV 41 DELISTED Andeavor ANDV	$548K	0.13%	+6,000	New	+$548K
42	42 Mercer International MERC $216M	$537K	0.13%	+35,000	New	+$537K
43	43 Nasdaq NDAQ $54.2B	$512K	0.12%	+30,165	New	+$512K
44	SUNE 44 DELISTED SUNEDISON, INC COM SUNE	$480K	0.12%	+20,000	New	+$480K
45	45 The Mosaic Company MOS $10.3B	$461K	0.11%	+10,000	New	+$461K
46	46 Southwest Airlines LUV $16.6B	$447K	0.11%	+10,100	New	+$447K
47	47 Inovio Pharmaceuticals INO $154M	$408K	0.1%	+4,167	New	+$408K
48	48 Aurinia Pharmaceuticals AUPH $1.62B	$401K	0.1%	90,000	–	–
49	MBT 49 DELISTED Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares MBT	$376K	0.09%	+37,168	New	+$376K
50	50 Westlake Corp WLK $11.3B	$360K	0.09%	+5,000	New	+$360K