CQS US LLC
Q3 2023 Form 13-F
NEW YORK, NEW YORK
CIK 0001447946
· CRD 147329
· SEC-registered investment adviser
Holdings reported by
MANUFACTURERS LIFE INSURANCE COMPANY THE since Q3 2024
$999.8M Reported Value Total
CQS (US), LLC reports 7 total accounts under management (AUM). There are 7 discretionary accounts valued at $1,546,258,238, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
3 funds
· $2.9B gross asset value
Hedge Fund: $2.9B
Source: Form ADV filed 2026-07-31
Reported value
$999.8M
Quarter over quarter
+1.5%
Holdings
40
Top-10 concentration
48.5%
Filing Structure
Reports holdings for
- CQS Hong Kong Ltd · File #028-13133 · Q4 2019 – Q2 2024 · declared by one filing
- CQS UK LLP · File #028-13136 · Q4 2019 – Q2 2024
Holdings reported by
- MANUFACTURERS LIFE INSURANCE COMPANY THE · since Q3 2024
- CQS Cayman LP · Q2 2013 – Q3 2019 · declared by one filing
Key People
Form ADV owners & control persons
Mercy Sayegh Bishay
CHIEF COMPLIANCE OFFICER
James Patrick III Fitzpatrick
MEMBER OF MANAGEMENT COMMITTEE
Patricia Rosch Carrington
MEMBER OF MANAGEMENT COMMITTEE
Filing Navigation
13F Metrics
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Q3 2023 13F record
Q3 2023 13F filing summary
| Period of report | September 30, 2023 |
|---|---|
| Filed | November 07, 2023 |
| Form | 13F-HR |
| Reported value | $999.8M |
| Positions | 40 |
| Change in reported value | +20.2% |
| New positions | 7 |
| Exited positions | 42 |
| Position turnover | 59.8% |
| Top-10 concentration | 48.5% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2024 13F
Filed Aug 6, 2024
|
16 | $367.3M |
|
Q1 2024 13F
Filed May 8, 2024
|
16 | $388.4M |
|
Q4 2023 13F
Filed Feb 9, 2024
|
35 | $998.6M |
|
Q3 2023 13F
Filed Nov 7, 2023
|
40 | $999.8M |
|
Q2 2023 13F
Filed Aug 10, 2023
|
35 | $831.5M |
|
Q1 2023 13F
Filed May 12, 2023
|
31 | $803.7M |
|
Q4 2022 13F
Filed Feb 13, 2023
|
35 | $762.7M |
|
Q3 2022 13F
Filed Nov 9, 2022
|
34 | $860.4M |
|
Q2 2022 13F
Filed Aug 12, 2022
|
35 | $930.3M |
|
Q1 2022 13F
Filed May 12, 2022
|
48 | $1.4B |
|
Q4 2021 13F
Filed Feb 10, 2022
|
49 | $1.6B |
|
Q3 2021 13F
Filed Nov 12, 2021
|
55 | $1.7B |
|
Q2 2021 13F
Filed Aug 10, 2021
|
56 | $1.8B |
|
Q1 2021 13F
Filed May 7, 2021
|
74 | $1.6B |
|
Q4 2020 13F
Filed Feb 3, 2021
|
67 | $1.6B |
|
Q3 2020 13F
Filed Nov 12, 2020
|
71 | $755.8M |
|
Q2 2020 13F
Filed Aug 7, 2020
|
71 | $1.6B |
|
Q1 2020 13F
Filed May 7, 2020
|
74 | $1.4B |
|
Q4 2019 13F
Filed Feb 12, 2020
|
94 | $2.1B |
Top 20 holdings · Q3 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | VXX P BARCLAYS BANK PLC | $122.4M | 12.24% |
| 2 | LBTYA LIBERTY GLOBAL PLC | $58.3M | 5.83% |
| 3 | LBRDK LIBERTY BROADBAND CORP | $52.4M | 5.24% |
| 4 | FOX FOX CORP | $44.0M | 4.4% |
| 5 | ON 0 05/01/27 ON SEMICONDUCTOR CORP | $42.8M | 4.28% |
| 6 | AKAM 0.125 05/01/25 AKAMAI TECHNOLOGIES INC | $35.0M | 3.5% |
| 7 | EEFT 0.75 03/15/49 EURONET WORLDWIDE INC | $35.0M | 3.5% |
| 8 | CUK CARNIVAL PLC | $34.2M | 3.42% |
| 9 | GDX VANECK ETF TRUST | $31.2M | 3.12% |
| 10 | LEN LENNAR CORP | $29.2M | 2.92% |
| 11 | F 0 03/15/26 FORD MTR CO DEL | $29.1M | 2.91% |
| 12 | GOOGL ALPHABET INC | $28.2M | 2.82% |
| 13 | BKNG BOOKING HOLDINGS INC | $27.1M | 2.71% |
| 14 | LUV SOUTHWEST AIRLS CO | $26.7M | 2.67% |
| 15 | ASHR P DBX ETF TR | $26.0M | 2.6% |
| 16 | SPLK 1.125 09/15/25 SPLUNK INC | $20.7M | 2.07% |
| 17 | URG UR-ENERGY INC | $20.0M | 2.0% |
| 18 | CCJ CAMECO CORP | $19.0M | 1.9% |
| 19 | FWONA LIBERTY MEDIA CORP DEL | $18.7M | 1.87% |
| 20 | NWSA NEWS CORP NEW | $17.5M | 1.75% |
Values as reported on the Q3 2023 Form 13F. Every position is in the holdings table below.