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CQS (US), LLC

SEC CIK
0001447946
Latest filing
Aug 6, 2024

Holdings in Q3 2021

Holdings as of Sep 30, 2021, filed Nov 12, 2021. Long positions only; changes compare share counts with Q2 2021.

Institution overview
Positions
119
+2 vs. Q2 2021
Portfolio value
$1.61B
−$27.6M (−1.7%) vs. Q2 2021
Filed
Nov 12, 2021
SEC
Holdings of CQS (US), LLC in Q3 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
American Airls Group Inc02376RAF9NOTE 6.500% 7/0–$79.1M4.9%–––
FOXFox CorpCL B COM1,994,077$74.0M4.6%+751,055+60.4%AddedHistory
Palo Alto Networks Inc697435AF2NOTE 0.375% 6/0–$58.0M3.6%–––
Akamai Technologies Inc00971TAJ0NOTE 0.125% 5/0–$57.6M3.6%–––
Square Inc852234AF0NOTE 0.125% 3/0–$52.3M3.2%–––
Pioneer Nat Res Co723787AP2NOTE 0.250% 5/1–$51.6M3.2%–––
Southwest Airls Co844741BG2NOTE 1.250% 5/0–$48.0M3.0%–––
LBTYALiberty Global Ltd.SHS CL A1,381,650$41.2M2.6%+24,001+1.8%AddedHistory
Sea Ltd81141RAG5NOTE 0.250% 9/1–$40.5M2.5%–New–
Euronet Worldwide, Inc.298736AL3NOTE 0.750% 3/1–$39.2M2.4%–––
Fortive Corp34959JAK4NOTE 0.875% 2/1–$37.3M2.3%–––
CCitigroup IncStock519,222$36.4M2.3%−47,736−8.4%ReducedHistory
National Vision Hldgs Inc63845RAB3NOTE 2.500% 5/1–$33.8M2.1%–New–
Illumina, Inc.452327AK5NOTE 8/1–$30.3M1.9%–––
Coupa Software Inc22266LAC0NOTE 0.125% 6/1–$30.2M1.9%–New–
BHPBHP Group LtdADR549,703$29.6M1.8%+436,384+385.1%AddedHistory
Teradyne, Inc880770AG7NOTE 1.250%12/1–$28.2M1.7%–––
UAUnder Armour, Inc.CL C1,602,758$28.1M1.7%−372,583−18.9%ReducedHistory
Liberty Media Corp Del531229607COM C SIRIUSXM575,007$27.3M1.7%−25,518−4.2%Reduced–
WTWWillis Towers Watson PLCSHS116,944$27.2M1.7%+42,810+57.7%AddedHistory
OSGOctave Specialty Group IncCOM NEW1,890,000$27.1M1.7%00.0%UnchangedHistory
Palo Alto Networks Inc697435AD7NOTE 0.750% 7/0–$24.6M1.5%–––
Silicon Laboratories Inc.826919AD4NOTE 0.625% 6/1–$22.6M1.4%–––
Zendesk, Inc.98936JAD3NOTE 0.625% 6/1–$22.1M1.4%–––
PANWPalo Alto Networks IncStock45,675$21.9M1.4%−4,025−8.1%ReducedHistory
World Wrestling Entmt Inc98156QAB4NOTE 3.375%12/1–$21.2M1.3%–––
LBRDKLiberty Broadband CorpCOM SER C121,465$21.0M1.3%+42,148+53.1%AddedHistory
Discovery Inc25470F302COM SER C853,012$20.7M1.3%−672,826−44.1%Reduced–
NUANNuance Communications, Inc.COM370,139$20.4M1.3%+112,726+43.8%AddedHistory
Workiva Inc98139AAB1NOTE 1.125% 8/1–$19.1M1.2%–––
Lumentum Hldgs Inc55024UAD1NOTE 0.500%12/1–$17.6M1.1%–––
PPDPPD, Inc.COM364,555$17.1M1.1%+88,275+32.0%AddedHistory
Teladoc Health, Inc.87918AAF2NOTE 1.250% 6/0–$16.9M1.0%–––
INFOIHS Markit Ltd.SHS138,889$16.2M1.0%+138,889NewHistory
Istar Inc45031UCB5NOTE 3.125% 9/1–$15.5M1.0%–––
FWONALiberty Media CorpCOM SER A FRMLA321,080$15.1M0.9%−67,944−17.5%ReducedHistory
Square Inc852234AD5NOTE 0.500% 5/1–$14.8M0.9%–––
Allscripts Healthcare Solutn01988PAF5NOTE 0.875% 1/0–$14.6M0.9%–––
URGUr-Energy IncCOM8,007,697$13.8M0.9%+2,355,000+41.7%AddedHistory
Splunk Inc848637AD6NOTE 1.125% 9/1–$13.8M0.9%–––
Atotech LtdG0625A105COM569,444$13.8M0.9%+569,444New–
InterDigital, Inc.45867GAB7NOTE 2.000% 6/0–$13.6M0.8%–––
NWSNews CorpCL B567,597$13.2M0.8%−588,410−50.9%ReducedHistory
Western Digital Corp958102AP0NOTE 1.500% 2/0–$13.0M0.8%–––
RYAAYRyanair Holdings PLCSPONSORED ADR117,340$12.9M0.8%+34,973+42.5%AddedHistory
Starz Entertainment Corp535919500CL B NON VTG988,324$12.8M0.8%−5,323−0.5%Reduced–
VanEck ETF Trust92189F106GOLD MINERS ETF429,093$12.6M0.8%+2,376+0.6%Added–
Parsons Corp70202LAB8NOTE 0.250% 8/1–$12.5M0.8%–New–
CENTACentral Garden & Pet CoCL A NON-VTG289,013$12.4M0.8%+54,686+23.3%AddedHistory
DRIDarden Restaurants IncCOM77,200$11.7M0.7%+4,000+5.5%AddedHistory
Splunk Inc848637AC8NOTE 0.500% 9/1–$10.8M0.7%–––
Hercules Capital, Inc.427096AF9DBCV 4.375% 2/0–$10.8M0.7%–New–
SPGSimon Property Group Inc.REIT80,000$10.4M0.6%00.0%UnchangedHistory
KSUKansas City SouthernCOM NEW38,195$10.3M0.6%+38,195NewHistory
Datadog, Inc.23804LAB9NOTE 0.125% 6/1–$9.91M0.6%–––
Live Nation Entertainment IN538034AU3NOTE 2.000% 2/1–$9.85M0.6%–New–
HEIHeico CorpCOM72,303$9.54M0.6%−544−0.7%ReducedHistory
Integra Lifesciences Hldgs C457985AM1NOTE 0.500% 8/1–$8.83M0.5%–New–
Wayfair Inc.94419LAM3NOTE 0.625%10/0–$8.16M0.5%–New–
INSMED Inc457669AB5NOTE 0.750% 6/0–$7.26M0.5%–––
Clearway Energy, Inc.18539C105CL A252,879$7.13M0.4%−17,195−6.4%Reduced–
Sea Ltd81141RAF7NOTE 2.375%12/0–$7.12M0.4%–––
HRCHill-Rom Holdings, Inc.COM46,154$6.92M0.4%+46,154NewHistory
STORStore Capital LLCCOM196,500$6.29M0.4%+75,000+61.7%AddedHistory
Livent Corp.53814LAB4NOTE 4.125% 7/1–$6.23M0.4%–––
ATVIActivision Blizzard, Inc.COM80,000$6.19M0.4%+80,000NewHistory
Dick's Sporting Goods, Inc.253393AD4NOTE 3.250% 4/1–$5.92M0.4%–––
Wellpoint Inc94973VBG1NOTE 2.750%10/1–$5.75M0.4%–––
INOVInovalon Holdings, Inc.COM CL A138,890$5.60M0.3%+138,890NewHistory
Invesco QQQ Trust Series I46090E103ETF14,630$5.24M0.3%−1,767−10.8%Reduced–
Chegg, Inc163092AF6NOTE 9/0–$5.23M0.3%–New–
FSRFisker Inc.CL A COM STK317,300$4.65M0.3%+317,300NewHistory
ONOn Semiconductor CorpStock100,235$4.59M0.3%+100,235NewHistory
ARCHArch Resources, Inc.CL A49,300$4.57M0.3%00.0%UnchangedHistory
Pinduoduo Inc722304AC6NOTE 12/0–$4.26M0.3%–––
Liberty Media Corp Del531229AB8NOTE 1.375%10/1–$4.05M0.3%–––
Booking Holdings Inc.09857LAN8NOTE 0.750% 5/0–$4.04M0.3%–––
GRFSGrifols SASP ADR REP B NVT271,230$4.01M0.2%00.0%UnchangedHistory
Pure Storage Inc74624MAB8NOTE 0.125% 4/1–$3.59M0.2%–––
Burlington Stores, Inc.122017AB2NOTE 2.250% 4/1–$3.45M0.2%–––
TDOCTeladoc Health, Inc.COM26,227$3.33M0.2%+14,961+132.8%AddedHistory
UUUUEnergy Fuels IncCOM NEW441,997$3.10M0.2%00.0%UnchangedHistory
RingCentral, Inc.76680RAH0NOTE 3/1–$2.81M0.2%–New–
HubSpot Inc443573AD2NOTE 0.375% 6/0–$2.63M0.2%–––
Paramount Global92556H107CL A56,560$2.38M0.1%00.0%Unchanged–
HGVHilton Grand Vacations Inc.COM49,500$2.35M0.1%00.0%UnchangedHistory
UECUranium Energy CorpCOM764,341$2.33M0.1%00.0%UnchangedHistory
Cyberark Software Ltd23248VAB1NOTE 11/1–$2.32M0.1%–––
ZGZillow Group, Inc.CL A25,017$2.22M0.1%+14,512+138.1%AddedHistory
RITMRithm Capital Corp.REIT200,000$2.20M0.1%+200,000NewHistory
Theravance Inc88338TAB0NOTE 2.125% 1/1–$2.16M0.1%–New–
SMLPSummit Midstream Partners, LPCOM UNIT LTD56,653$2.01M0.1%00.0%UnchangedHistory
TNLTravel & Leisure Co.COM36,000$1.96M0.1%00.0%UnchangedHistory
Coupa Software Inc22266LAF3NOTE 0.375% 6/1–$1.90M0.1%–––
NICE Ltd.653656AB4NOTE 9/1–$1.86M0.1%–New–
PLGPlatinum Group Metals LtdCOM883,365$1.77M0.1%00.0%UnchangedHistory
CMBTCmb.tech NVSHS156,000$1.52M0.1%00.0%UnchangedHistory
Guidewire Software, Inc.40171VAA8NOTE 1.250% 3/1–$1.50M0.1%–––
MIDDLEBY Corp596278AB7NOTE 1.000% 9/0–$1.43M0.1%–New–
Golden Star Res Ltd Cda38119T807COM559,300$1.33M0.1%00.0%Unchanged–

Options (2)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of CQS (US), LLC in Q3 2021
SecurityClassPutsCalls
ARK Innovation ETF00214Q104ETF$79.7M–
VanEck Semiconductor ETF92189F676ETF$57.2M–

Sold out since Q2 2021 (20)

Positions held at the end of Q2 2021 that are gone from this filing.

Positions of CQS (US), LLC sold out since Q2 2021
SecurityClassShares in Q2 2021Value in Q2 2021% of portfolio in Q2 2021History
ALXNAlexion Pharmaceuticals, Inc.COM192,722$35.4M2.2%History
WORKSlack Technologies, Inc.COM CL A795,150$35.2M2.1%History
Priceline Grp Inc741503AX4NOTE 0.900% 9/1–$34.5M2.1%–
MXIMMaxim Integrated Products IncCOM306,737$32.3M2.0%History
Microchip Technology Inc595017AF1NOTE 1.625% 2/1–$30.2M1.8%–
XLNXXilinx IncCOM185,984$26.9M1.6%History
Zynga Inc98986TAB4NOTE 0.250% 6/0–$24.9M1.5%–
Viavi Solutions Inc.925550AB1NOTE 1.000% 3/0–$14.3M0.9%–
Herbalife Ltd.42703MAD5NOTE 2.625% 3/1–$13.2M0.8%–
PFPTProofpoint IncCOM55,931$9.72M0.6%History
Atlas Air Worldwide Hldgs IN049164BJ4NOTE 1.875% 6/0–$9.66M0.6%–
Twitter, Inc.90184LAD4NOTE 1.000% 9/1–$7.17M0.4%–
PRAHPRA Health Sciences, Inc.COM38,543$6.37M0.4%History
Sea Ltd81141RAD2NOTE 1.000%12/0–$4.92M0.3%–
BHP Group Ltd05545E209SPONSORED ADR78,074$4.63M0.3%–
ZSZscaler, Inc.Stock17,100$3.69M0.2%History
Royal Dutch Shell PLC780259206SPONS ADR A53,095$2.14M0.1%–
Dexcom Inc252131AK3NOTE 0.250%11/1–$2.09M0.1%–
EXPEExpedia Group, Inc.Stock5,800$949.0K0.1%History
Akamai Technologies Inc00971TAL5NOTE 0.375% 9/0–$582.0K<0.1%–