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CQS (US), LLC

SEC CIK
0001447946
Latest filing
Aug 6, 2024

Holdings in Q3 2022

Holdings as of Sep 30, 2022, filed Nov 9, 2022. Long positions only; changes compare share counts with Q2 2022.

Institution overview
Positions
91
−3 vs. Q2 2022
Portfolio value
$819.4M
−$110.9M (−11.9%) vs. Q2 2022
Filed
Nov 9, 2022
SEC
Holdings of CQS (US), LLC in Q3 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
FOXFox CorpCL B COM2,002,277$57.1M7.0%−49,171−2.4%ReducedHistory
Pioneer Nat Res Co723787AP2NOTE 0.250% 5/1–$48.3M5.9%–––
LBTYALiberty Global Ltd.SHS CL A2,725,008$42.5M5.2%+286,529+11.8%AddedHistory
Euronet Worldwide, Inc.298736AL3NOTE 0.750% 3/1–$40.0M4.9%–––
On Semiconductor Corp682189AS4NOTE 5/0–$38.6M4.7%–––
Illumina, Inc.452327AK5NOTE 8/1–$36.2M4.4%–––
Akamai Technologies Inc00971TAJ0NOTE 0.125% 5/0–$31.1M3.8%–––
Southwest Airls Co844741BG2NOTE 1.250% 5/0–$28.5M3.5%–––
Ford MTR Co Del345370CZ1NOTE 3/1–$26.7M3.3%–––
Silicon Laboratories Inc.826919AD4NOTE 0.625% 6/1–$24.9M3.0%–––
Palo Alto Networks Inc697435AD7NOTE 0.750% 7/0–$24.9M3.0%–––
TSMTaiwan Semiconductor Manufacturing Co LtdADR310,000$21.3M2.6%+310,000NewHistory
Splunk Inc848637AD6NOTE 1.125% 9/1–$19.4M2.4%–––
Booking Holdings Inc.09857LAN8NOTE 0.750% 5/0–$19.2M2.3%–––
Teradyne, Inc880770AG7NOTE 1.250%12/1–$18.8M2.3%–––
Western Digital Corp958102AP0NOTE 1.500% 2/0–$15.2M1.9%–––
VanEck ETF Trust92189F106GOLD MINERS ETF624,093$15.1M1.8%00.0%Unchanged–
FWONALiberty Media CorpCOM SER A FRMLA269,547$14.2M1.7%+11,227+4.3%AddedHistory
Clearway Energy, Inc.18539C105CL A480,317$14.0M1.7%+91,656+23.6%Added–
Square Inc852234AF0NOTE 0.125% 3/0–$11.7M1.4%–––
URGUr-Energy IncCOM10,756,553$11.7M1.4%00.0%UnchangedHistory
JetBlue Airways Corp477143AP6NOTE 0.500% 4/0–$10.9M1.3%–––
GOOGLAlphabet Inc.Stock110,500$10.6M1.3%00.0%UnchangedConverted for a 20-for-1 splitHistory
Carnival Corp Ltd.14365C103ADR1,372,946$9.32M1.1%+1,166,383+564.7%Added–
CCJCameco CorpStock351,000$9.30M1.1%00.0%UnchangedHistory
NWSANews CorpCL A606,520$9.16M1.1%+55,744+10.1%AddedHistory
RIGTransocean Ltd.REGISTERED SHS3,443,766$8.51M1.0%+2,508,766+268.3%AddedHistory
FANGDiamondback Energy, Inc.Stock66,600$8.02M1.0%00.0%UnchangedHistory
Livent Corp.53814LAB4NOTE 4.125% 7/1–$7.94M1.0%–––
Cable One, Inc.12685JAE5NOTE 3/1–$7.49M0.9%–––
LBRDKLiberty Broadband CorpCOM SER C98,804$7.29M0.9%+94,993+2,492.6%AddedHistory
OSGOctave Specialty Group IncCOM NEW566,717$7.23M0.9%−840,528−59.7%ReducedHistory
Wayfair Inc.94419LAF8NOTE 1.000% 8/1–$7.22M0.9%–New–
Datadog, Inc.23804LAB9NOTE 0.125% 6/1–$7.17M0.9%–––
Wellpoint Inc94973VBG1NOTE 2.750%10/1–$7.14M0.9%–––
Wayfair Inc.94419LAM3NOTE 0.625%10/0–$6.81M0.8%–––
Splunk Inc848637AC8NOTE 0.500% 9/1–$6.56M0.8%–––
HEI.AHeico CorpCL A55,037$6.31M0.8%+43,454+375.2%AddedHistory
SMLPSummit Midstream Partners, LPCOM UNIT LTD414,254$6.22M0.8%+23,600+6.0%AddedHistory
Marriott Vacations Worldwide Corp57164YAD9NOTE 1/1–$6.10M0.7%–––
Lci Inds501812AB7NOTE 1.125% 5/1–$5.97M0.7%–––
UECUranium Energy CorpCOM1,599,865$5.60M0.7%00.0%UnchangedHistory
Liberty Media Corp Del531229607COM C SIRIUSXM148,310$5.59M0.7%−61,445−29.3%Reduced–
Lumentum Hldgs Inc55024UAD1NOTE 0.500%12/1–$5.26M0.6%–––
EOGEOG Resources IncStock46,100$5.15M0.6%−105,875−69.7%ReducedHistory
Square Inc852234AD5NOTE 0.500% 5/1–$4.80M0.6%–––
Teladoc Health, Inc.87918AAF2NOTE 1.250% 6/0–$4.66M0.6%–––
Dick's Sporting Goods, Inc.253393AD4NOTE 3.250% 4/1–$4.60M0.6%–––
Burlington Stores, Inc.122017AB2NOTE 2.250% 4/1–$4.57M0.6%–––
UUUUEnergy Fuels IncCOM NEW602,697$3.69M0.5%00.0%UnchangedHistory
CENTACentral Garden & Pet CoCL A NON-VTG102,698$3.51M0.4%−11,618−10.2%ReducedHistory
IEIvanhoe Electric Inc.COM411,331$3.39M0.4%00.0%UnchangedHistory
BTUPeabody Energy CorpCOM130,000$3.23M0.4%00.0%UnchangedHistory
MIDDLEBY Corp596278AB7NOTE 1.000% 9/0–$3.21M0.4%–––
Block, Inc.852234AJ2NOTE 5/0–$2.96M0.4%–––
Mag Silver Corp55903Q104COM234,000$2.92M0.4%+30,000+14.7%Added–
Sea Ltd81141RAF7NOTE 2.375%12/0–$2.89M0.4%–––
Redfin Corp75737FAE8NOTE 0.500% 4/0–$2.61M0.3%–––
Wayfair Inc.94419LAD3NOTE 1.125%11/0–$2.53M0.3%–––
Peloton Interactive, Inc.70614WAB6NOTE 2/1–$2.34M0.3%–––
Starz Entertainment Corp535919500CL B NON VTG331,649$2.31M0.3%−21,591−6.1%Reduced–
Liberty Media Corp Del531229AB8NOTE 1.375%10/1–$2.29M0.3%–––
PXDPioneer Natural Resources CoCOM10,000$2.17M0.3%00.0%UnchangedHistory
Pinduoduo Inc722304AC6NOTE 12/0–$2.03M0.2%–––
GRFSGrifols SASP ADR REP B NVT271,230$1.71M0.2%00.0%UnchangedHistory
Airbnb, Inc.009066AB7NOTE 3/1–$1.49M0.2%–––
Twitter, Inc.90184LAF9NOTE 0.250% 6/1–$1.48M0.2%–––
PLGPlatinum Group Metals LtdCOM883,365$1.43M0.2%00.0%UnchangedHistory
HubSpot Inc443573AD2NOTE 0.375% 6/0–$1.28M0.2%–––
Coinbase Global, Inc.19260QAB3NOTE 0.500% 6/0–$1.19M0.1%–––
Zillow Group, Inc.98954MAG6NOTE 1.375% 9/0–$1.02M0.1%–––
Sea Ltd81141RAG5NOTE 0.250% 9/1–$976.0K0.1%–––
WPMWheaton Precious Metals Corp.COM30,000$971.0K0.1%+30,000NewHistory
Shopify Inc.82509LAA5NOTE 0.125%11/0–$896.0K0.1%–––
CMBTCmb.tech NVSHS56,800$874.0K0.1%−14,200−20.0%ReducedHistory
Snap Inc83304AAB2NOTE 0.750% 8/0–$868.0K0.1%–––
Spotify USA Inc84921RAB6NOTE 3/1–$795.0K0.1%–––
Bill Com Hldgs Inc090043AB6NOTE 12/0–$772.0K0.1%–––
Cyberark Software Ltd23248VAB1NOTE 11/1–$743.0K0.1%–––
Pure Storage Inc74624MAB8NOTE 0.125% 4/1–$736.0K0.1%–––
Palo Alto Networks Inc697435AF2NOTE 0.375% 6/0–$677.0K0.1%–––
Twitter, Inc.90184LAN2NOTE 3/1–$598.0K0.1%–––
Five9, Inc.338307AD3NOTE 0.500% 6/0–$594.0K0.1%–––
Omnicell Com68213NAD1NOTE 0.250% 9/1–$533.0K0.1%–New–
GOROGoldgroup Mining Inc.COM315,978$525.0K0.1%00.0%UnchangedHistory
Guidewire Software, Inc.40171VAA8NOTE 1.250% 3/1–$498.0K0.1%–––
Okta, Inc.679295AD7NOTE 0.125% 9/0–$461.0K0.1%–––
Bilibili Inc.090040AD8NOTE 1.250% 6/1–$380.0K<0.1%–––
Pebblebrook Hotel Tr70509VAA8NOTE 1.750%12/1–$348.0K<0.1%–––
SBSWSibanye Stillwater LtdSPONSORED ADR35,000$326.0K<0.1%00.0%UnchangedHistory
UAUnder Armour, Inc.CL C38,960$232.0K<0.1%+17,200+79.0%AddedHistory

Options (1)

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 2022
SecurityClassPutsCalls
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF$41.0M–

Sold out since Q2 2022 (7)

Positions held at the end of Q2 2022 that are gone from this filing.

Positions of CQS (US), LLC sold out since Q2 2022
SecurityClassShares in Q2 2022Value in Q2 2022% of portfolio in Q2 2022History
LBRDALiberty Broadband CorpCOM SER A72,865$8.27M0.9%History
Itron, Inc.465741AN6NOTE 3/1–$8.00M0.9%–
Workday, Inc.98138HAF8NOTE 0.250%10/0–$3.36M0.4%–
Paramount Global92556H107CL A50,938$1.39M0.1%–
Etsy Inc29786AAJ5NOTE 0.125%10/0–$342.0K<0.1%–
Exact Sciences Corp30063PAB1NOTE 0.375% 3/1–$256.0K<0.1%–
AGFirst Majestic Silver CorpCOM31,140$224.0K<0.1%History