The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
Report for the Calendar Year or Quarter Ended: 06-30-2022
Check here if Amendment   Amendment Number:
This Amendment (Check only one.):   is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CQS (US), LLC
Address: 152 WEST 57TH STREET
40TH FLOOR
NEW YORK , NY10019
Form 13F File Number: 028-13237

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Maria Piccolino
Title: Chief Compliance Officer, CQS (US) LLC
Phone: 2122592617
Signature, Place, and Date of Signing:
Maria Piccolino NEW YORK , NY 08-10-2022
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 94
Form 13F Information Table Value Total: 1,860,636
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
028-13136 CQS (UK) LLP
028-13133 CQS (HONG KONG) LTD

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
1 028-13136 CQS (UK) LLP
2 028-13133 CQS (HONG KONG) LTD
SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
TRANSOCEAN LTD REG SHS H8817H100 6,228 1,870,000 SH DFND 1,2 0 1,870,000 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 102,660 4,876,958 SH DFND 1,2 0 4,876,958 0
EURONAV NV SHS B38564108 1,694 142,000 SH DFND 1,2 0 142,000 0
ZILLOW GROUP INC NOTE 1.375% 9/0 98954MAG6 2,026 2,000,000 PRN DFND 1,2 0 0 0
WORKDAY INC NOTE 0.250%10/0 98138HAF8 6,720 6,400,000 PRN DFND 1,2 0 0 0
WESTERN DIGITAL CORP. NOTE 1.500% 2/0 958102AP0 30,720 32,000,000 PRN DFND 1,2 0 0 0
ANTHEM INC NOTE 2.750%10/1 94973VBG1 14,910 2,200,000 PRN DFND 1,2 0 0 0
WAYFAIR INC NOTE 0.625%10/0 94419LAM3 36,462 55,078,000 PRN DFND 1,2 0 0 0
WAYFAIR INC NOTE 1.125%11/0 94419LAD3 4,786 6,000,000 PRN DFND 1,2 0 0 0
PARAMOUNT GLOBAL CLASS A COM 92556H107 2,776 101,876 SH DFND 1,2 0 101,876 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 34,174 1,248,186 SH DFND 1,2 0 1,248,186 0
URANIUM ENERGY CORP COM 916896103 9,856 3,199,730 SH DFND 1,2 0 3,199,730 0
UR-ENERGY INC COM 91688R108 22,776 21,513,106 SH DFND 1,2 0 21,513,106 0
UNDER ARMOUR INC CL C 904311206 330 43,520 SH DFND 1,2 0 43,520 0
TWITTER INC NOTE 3/1 90184LAN2 2,138 2,400,000 PRN DFND 1,2 0 0 0
TWITTER INC NOTE 0.250% 6/1 90184LAF9 4,746 4,800,000 PRN DFND 1,2 0 0 0
TERADYNE INC NOTE 1.250%12/1 880770AG7 44,706 15,802,000 PRN DFND 1,2 0 0 0
TELADOC HEALTH INC NOTE 1.250% 6/0 87918AAF2 10,006 13,400,000 PRN DFND 1,2 0 0 0
SUMMIT MIDSTREAM PARTNERS LP COM UNIT LTD 866142409 9,946 781,308 SH DFND 1,2 0 781,308 0
BLOCK INC NOTE 5/0 852234AJ2 5,962 7,500,000 PRN DFND 1,2 0 0 0
BLOCK INC NOTE 0.125% 3/0 852234AF0 29,856 31,600,000 PRN DFND 1,2 0 0 0
BLOCK INC NOTE 0.500% 5/1 852234AD5 14,900 13,600,000 PRN DFND 1,2 0 0 0
SPOTIFY USA INC NOTE 3/1 84921RAB6 1,590 2,000,000 PRN DFND 1,2 0 0 0
SPLUNK INC NOTE 1.125% 9/1 848637AD6 43,020 45,700,000 PRN DFND 1,2 0 0 0
SPLUNK INC NOTE 0.500% 9/1 848637AC8 17,440 18,200,000 PRN DFND 1,2 0 0 0
SOUTHWEST AIRLS CO NOTE 1.250% 5/0 844741BG2 52,420 44,300,000 PRN DFND 1,2 0 0 0
SNAP INC NOTE 0.750% 8/0 83304AAB2 2,688 2,800,000 PRN DFND 1,2 0 0 0
SILICON LABORATORIES INC NOTE 0.625% 6/1 826919AD4 54,376 41,900,000 PRN DFND 1,2 0 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107 698 70,000 SH DFND 1,2 0 70,000 0
SHOPIFY INC NOTE 0.125%11/0 82509LAA5 3,366 4,000,000 PRN DFND 1,2 0 0 0
SEA LTD NOTE 0.250% 9/1 81141RAG5 3,674 5,000,000 PRN DFND 1,2 0 0 0
SEA LTD NOTE 2.375%12/0 81141RAF7 5,434 4,700,000 PRN DFND 1,2 0 0 0
REDFIN CORP NOTE 0.500% 4/0 75737FAE8 12,920 27,310,000 PRN DFND 1,2 0 0 0
PURE STORAGE INC NOTE 0.125% 4/1 74624MAB8 1,460 1,300,000 PRN DFND 1,2 0 0 0
PLATINUM GROUP METALS LTD COM 72765Q882 2,316 1,766,730 SH DFND 1,2 0 1,766,730 0
PIONEER NAT RES CO NOTE 0.250% 5/1 723787AP2 100,558 46,400,000 PRN DFND 1,2 0 0 0
PIONEER NAT RES CO COM 723787107 4,462 20,000 SH DFND 1,2 0 20,000 0
PINDUODUO INC NOTE 12/0 722304AC6 4,084 4,500,000 PRN DFND 1,2 0 0 0
PELOTON INTERACTIVE INC NOTE 2/1 70614WAB6 6,476 10,000,000 PRN DFND 1,2 0 0 0
PEBBLEBROOK HOTEL TR NOTE 1.750%12/1 70509VAA8 724 800,000 PRN DFND 1,2 0 0 0
PEABODY ENGR CORP COM 704551100 5,544 260,000 SH DFND 1,2 0 260,000 0
PALO ALTO NETWORKS INC NOTE 0.375% 6/0 697435AF2 42,928 25,000,000 PRN DFND 1,2 0 0 0
PALO ALTO NETWORKS INC NOTE 0.750% 7/0 697435AD7 51,136 27,200,000 PRN DFND 1,2 0 0 0
ON SEMICONDUCTOR CORP NOTE 5/0 682189AS4 67,168 58,248,000 PRN DFND 1,2 0 0 0
OKTA INC NOTE 0.125% 9/0 679295AD7 1,770 2,000,000 PRN DFND 1,2 0 0 0
NEWS CORP NEW CL A 65249B109 17,164 1,101,552 SH DFND 1,2 0 1,101,552 0
MIDDLEBY CORP NOTE 1.000% 9/0 596278AB7 3,414 3,000,000 PRN DFND 1,2 0 0 0
MARRIOTT VACATIONS WORLDWIDE NOTE 1/1 57164YAD9 32,038 35,000,000 PRN DFND 1,2 0 0 0
MAG SILVER CORP COM 55903Q104 4,966 408,000 SH DFND 1,2 0 408,000 0
LUMENTUM HLDGS INC NOTE 0.500%12/1 55024UAD1 19,664 19,100,000 PRN DFND 1,2 0 0 0
LIVENT CORP NOTE 4.125% 7/1 53814LAB4 12,148 4,400,000 PRN DFND 1,2 0 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 6,240 706,480 SH DFND 1,2 0 706,480 0
LIBERTY MEDIA CORP DEL NOTE 1.375%10/1 531229AB8 4,486 3,800,000 PRN DFND 1,2 0 0 0
LIBERTY MEDIA CORP DEL COM SER A FRMLA 531229870 29,948 516,640 SH DFND 1,2 0 516,640 0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 15,124 419,510 SH DFND 1,2 0 419,510 0
LIBERTY BROADBAND CORP COM SER C 530307305 880 7,622 SH DFND 1,2 0 7,622 0
LIBERTY BROADBAND CORP COM SER A 530307107 16,548 145,730 SH DFND 1,2 0 145,730 0
LCI INDS NOTE 1.125% 5/1 501812AB7 18,126 20,000,000 PRN DFND 1,2 0 0 0
JETBLUE AIRWAYS CORP NOTE 0.500% 4/0 477143AP6 22,196 30,200,000 PRN DFND 1,2 0 0 0
IVANHOE ELECTRIC INC COM 46578C108 7,158 822,662 SH DFND 1,2 0 822,662 0
ITRON INC NOTE 3/1 465741AN6 16,000 20,000,000 PRN DFND 1,2 0 0 0
ILLUMINA INC NOTE 8/1 452327AK5 72,324 75,700,000 PRN DFND 1,2 0 0 0
HUBSPOT INC NOTE 0.375% 6/0 443573AD2 2,756 2,154,000 PRN DFND 1,2 0 0 0
HEICO CORP NEW CL A 422806208 2,440 23,166 SH DFND 1,2 0 23,166 0
GUIDEWIRE SOFTWARE INC NOTE 1.250% 3/1 40171VAA8 1,036 1,100,000 PRN DFND 1,2 0 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 6,366 542,460 SH DFND 1,2 0 542,460 0
GOLD RESOURCE CORP COM 38068T105 1,018 631,956 SH DFND 1,2 0 631,956 0
FOX CORP CL B COM 35137L204 121,856 4,102,896 SH DFND 1,2 0 4,102,896 0
FORD MTR CO DEL NOTE 3/1 345370CZ1 86,036 93,900,000 PRN DFND 1,2 0 0 0
FIVE9 INC NOTE 0.500% 6/0 338307AD3 3,344 3,400,000 PRN DFND 1,2 0 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 448 62,280 SH DFND 1,2 0 62,280 0
EXACT SCIENCES CORP NOTE 0.375% 3/1 30063PAB1 512 700,000 PRN DFND 1,2 0 0 0
EURONET WORLDWIDE INC NOTE 0.750% 3/1 298736AL3 90,878 88,800,000 PRN DFND 1,2 0 0 0
ETSY INC NOTE 0.125%10/0 29786AAJ5 684 600,000 PRN DFND 1,2 0 0 0
ENERGY FUELS INC COM NEW 292671708 5,918 1,205,394 SH DFND 1,2 0 1,205,394 0
EOG RES INC COM 26875P101 33,568 303,950 SH DFND 1,2 0 303,950 0
DICKS SPORTING GOODS INC NOTE 3.250% 4/1 253393AD4 6,710 2,800,000 PRN DFND 1,2 0 0 0
DIAMONDBACK ENERGY INC COM 25278X109 16,144 133,200 SH DFND 1,2 0 133,200 0
DATADOG INC NOTE 0.125% 6/1 23804LAB9 15,224 12,000,000 PRN DFND 1,2 0 0 0
CYBERARK SOFTWARE LTD NOTE 11/1 23248VAB1 1,378 1,300,000 PRN DFND 1,2 0 0 0
COINBASE GLOBAL INC NOTE 0.500% 6/0 19260QAB3 4,512 8,000,000 PRN DFND 1,2 0 0 0
CLEARWAY ENERGY INC CL A 18539C105 24,852 777,322 SH DFND 1,2 0 777,322 0
CENTRAL GARDEN & PET CO CL A NON-VTG 153527205 9,148 228,632 SH DFND 1,2 0 228,632 0
CARNIVAL PLC ADR 14365C103 3,154 413,126 SH DFND 1,2 0 413,126 0
CAMECO CORP COM 13321L108 14,756 702,000 SH DFND 1,2 0 702,000 0
CABLE ONE INC NOTE 3/1 12685JAE5 23,032 28,000,000 PRN DFND 1,2 0 0 0
BURLINGTON STORES INC NOTE 2.250% 4/1 122017AB2 10,330 10,300,000 PRN DFND 1,2 0 0 0
BOOKING HOLDINGS INC NOTE 0.750% 5/0 09857LAN8 33,776 28,000,000 PRN DFND 1,2 0 0 0
BILL COM HLDGS INC NOTE 12/0 090043AB6 1,414 1,400,000 PRN DFND 1,2 0 0 0
BILIBILI INC NOTE 1.250% 6/1 090040AD8 1,510 1,400,000 PRN DFND 1,2 0 0 0
AMBAC FINL GROUP INC COM NEW 023139884 31,944 2,814,490 SH DFND 1,2 0 2,814,490 0
ALPHABET INC CAP STK CL A 02079K305 24,080 11,050 SH DFND 1,2 0 11,050 0
AKAMAI TECHNOLOGIES INC NOTE 0.125% 5/0 00971TAJ0 92,806 84,400,000 PRN DFND 1,2 0 0 0
AIRBNB INC NOTE 3/1 009066AB7 5,952 7,200,000 PRN DFND 1,2 0 0 0