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CQS (US), LLC

SEC CIK
0001447946
Latest filing
Aug 6, 2024

Holdings in Q4 2023

Holdings as of Dec 31, 2023, filed Feb 9, 2024. Long positions only; changes compare share counts with Q3 2023.

Institution overview
Positions
66
−8 vs. Q3 2023
Portfolio value
$911.7M
+$60.3M (+7.1%) vs. Q3 2023
Filed
Feb 9, 2024
SEC
Holdings of CQS (US), LLC in Q4 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
GOOGLAlphabet Inc.Stock784,550$109.6M12.0%+569,045+264.1%AddedHistory
Carnival Corp Ltd.14365C103ADR3,383,735$57.3M6.3%+592,072+21.2%Added–
LBRDKLiberty Broadband CorpCOM SER C648,011$52.2M5.7%+74,746+13.0%AddedHistory
LENLennar CorpCL A268,526$40.0M4.4%+8,737+3.4%AddedHistory
On Semiconductor Corp682189AS4NOTE 5/0–$38.8M4.3%–––
Akamai Technologies Inc00971TAJ0NOTE 0.125% 5/0–$37.7M4.1%–––
VanEck ETF Trust92189F106GOLD MINERS ETF1,160,813$36.0M3.9%00.0%Unchanged–
BRK.BBerkshire Hathaway IncStock89,076$31.8M3.5%+47,434+113.9%AddedHistory
Ford MTR Co Del345370CZ1NOTE 3/1–$30.4M3.3%–––
Booking Holdings Inc.09857LAN8NOTE 0.750% 5/0–$28.7M3.1%–––
Euronet Worldwide, Inc.298736AL3NOTE 0.750% 3/1–$27.1M3.0%–––
Southwest Airls Co844741BG2NOTE 1.250% 5/0–$26.9M2.9%–––
NWSANews CorpCL A1,075,628$26.4M2.9%+201,622+23.1%AddedHistory
Splunk Inc848637AD6NOTE 1.125% 9/1–$21.3M2.3%–––
CCJCameco CorpStock478,449$20.6M2.3%00.0%UnchangedHistory
UAAUnder Armour, Inc.Stock2,323,899$20.4M2.2%+2,323,899NewHistory
URGUr-Energy IncCOM13,006,553$20.0M2.2%00.0%UnchangedHistory
ZGZillow Group, Inc.CL A311,599$17.7M1.9%+83,057+36.3%AddedHistory
FWONALiberty Media CorpCOM LBTY ONE S A293,436$17.0M1.9%−37,572−11.4%ReducedHistory
VanEck ETF Trust92189F791JUNIOR GOLD MINE419,500$15.9M1.7%00.0%Unchanged–
FOXFox CorpCL B COM495,380$13.7M1.5%−1,026,819−67.5%ReducedHistory
Pioneer Nat Res Co723787AP2NOTE 0.250% 5/1–$13.6M1.5%–––
Wayfair Inc.94419LAM3NOTE 0.625%10/0–$12.8M1.4%–––
CENTACentral Garden & Pet CoCL A NON-VTG283,653$12.5M1.4%+120,107+73.4%AddedHistory
HEI.AHeico CorpCL A84,749$12.1M1.3%+4,413+5.5%AddedHistory
ZTO Express (Cayman) Inc.98980AAB1NOTE 1.500% 9/0–$10.7M1.2%–––
Clearway Energy, Inc.18539C105CL A405,105$10.4M1.1%+69,337+20.7%Added–
UECUranium Energy CorpCOM1,599,865$10.2M1.1%00.0%UnchangedHistory
LLYVKLiberty Live Holdings, Inc.COM LBTY LIV S C270,382$10.1M1.1%+63,145+30.5%AddedHistory
Enphase Energy, Inc.29355AAK3NOTE 3/0–$10.0M1.1%–––
Array Technologies, Inc.04271TAB6NOTE 1.000%12/0–$9.85M1.1%–––
Burlington Stores, Inc.122017AB2NOTE 2.250% 4/1–$9.49M1.0%–––
Datadog, Inc.23804LAB9NOTE 0.125% 6/1–$8.38M0.9%–––
RIGTransocean Ltd.REGISTERED SHS1,295,000$8.22M0.9%00.0%UnchangedHistory
SMLPSummit Midstream Partners, LPCOM UNIT LTD384,197$6.88M0.8%−85,342−18.2%ReducedHistory
FANGDiamondback Energy, Inc.Stock38,700$6.00M0.7%−10,900−22.0%ReducedHistory
JetBlue Airways Corp477143AP6NOTE 0.500% 4/0–$5.36M0.6%–––
Teladoc Health, Inc.87918AAF2NOTE 1.250% 6/0–$5.19M0.6%–––
EOGEOG Resources IncStock42,600$5.15M0.6%00.0%UnchangedHistory
Semtech Corp816850AF8NOTE 1.625%11/0–$4.87M0.5%–New–
Livent Corp.53814LAB4NOTE 4.125% 7/1–$4.62M0.5%–––
UUUUEnergy Fuels IncCOM NEW602,697$4.33M0.5%00.0%UnchangedHistory
Square Inc852234AF0NOTE 0.125% 3/0–$3.92M0.4%–––
WPMWheaton Precious Metals Corp.COM76,000$3.75M0.4%00.0%UnchangedHistory
MIDDLEBY Corp596278AB7NOTE 1.000% 9/0–$3.42M0.4%–––
Block, Inc.852234AJ2NOTE 5/0–$3.30M0.4%–––
BTUPeabody Energy CorpCOM130,000$3.16M0.3%00.0%UnchangedHistory
Starz Entertainment Corp535919500CL B NON VTG276,210$2.81M0.3%00.0%Unchanged–
PXDPioneer Natural Resources CoCOM10,000$2.25M0.2%00.0%UnchangedHistory
Akamai Technologies Inc00971TAL5NOTE 0.375% 9/0–$2.23M0.2%–New–
Dexcom Inc252131AK3NOTE 0.250%11/1–$2.09M0.2%–––
HubSpot Inc443573AD2NOTE 0.375% 6/0–$1.83M0.2%–––
Airbnb, Inc.009066AB7NOTE 3/1–$1.63M0.2%–––
Marriott Vacations Worldwide Corp57164YAD9NOTE 1/1–$1.54M0.2%–––
OROR Royalties Inc.COM100,000$1.43M0.2%00.0%UnchangedHistory
Etsy Inc29786AAJ5NOTE 0.125%10/0–$1.39M0.2%–––
Mag Silver Corp55903Q104COM114,000$1.19M0.1%−120,000−51.3%Reduced–
Palo Alto Networks Inc697435AF2NOTE 0.375% 6/0–$1.19M0.1%–––
PLGPlatinum Group Metals LtdCOM883,365$1.01M0.1%00.0%UnchangedHistory
Sea Ltd81141RAF7NOTE 2.375%12/0–$907.8K0.1%–––
Lumentum Hldgs Inc55024UAD1NOTE 0.500%12/1–$891.9K0.1%–––
Spotify USA Inc84921RAB6NOTE 3/1–$882.6K0.1%–––
SBSWSibanye Stillwater LtdSPONSORED ADR35,000$190.1K<0.1%00.0%UnchangedHistory
GRFSGrifols SASP ADR REP B NVT11,230$129.4K<0.1%−260,000−95.9%ReducedHistory
GOROGoldgroup Mining Inc.COM315,978$118.8K<0.1%00.0%UnchangedHistory
GFRGreenfire Resources Ltd.COM SHS16,652$80.9K<0.1%00.0%UnchangedHistory

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 Q4 2023
SecurityClassPutsCalls
ARK Innovation ETF00214Q104ETF$68.1M–
DIASPDR Dow Jones Industrial Average ETF TrustUT SER 1$18.8M–

Sold out since Q3 2023 (11)

Positions held at the end of Q3 2023 that are gone from this filing.

Positions of CQS (US), LLC sold out since Q3 2023
SecurityClassShares in Q3 2023Value in Q3 2023% of portfolio in Q3 2023History
LBTYALiberty Global Ltd.SHS CL A3,405,950$58.3M6.8%History
Teradyne, Inc880770AG7NOTE 1.250%12/1–$16.4M1.9%–
InterDigital, Inc.45867GAD3NOTE 3.500% 6/0–$8.91M1.0%–
Lci Inds501812AB7NOTE 1.125% 5/1–$6.58M0.8%–
Wayfair Inc.94419LAD3NOTE 1.125%11/0–$2.96M0.3%–
Pinduoduo Inc722304AC6NOTE 12/0–$2.47M0.3%–
CMBTCmb.tech NVSHS78,640$1.29M0.2%History
UAUnder Armour, Inc.CL C74,702$476.6K0.1%History
LLYVALiberty Live Holdings, Inc.COM LBTY LIV S A13,618$434.7K0.1%History
RYAAYRyanair Holdings PLCSPONSORED ADR3,437$335.8K<0.1%History
LBRDALiberty Broadband CorpCOM SER A34$3.09K<0.1%History