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TENOR CAPITAL MANAGEMENT Co., L.P.

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1346554
Institutional-grade research for retail investors

Sector Allocation

  • Technology29.1%$2.1B
  • Other20.4%$1.4B
  • Healthcare17.5%$1.2B
  • Financials13.9%$987.1M
  • Industrials5.8%$413.8M
  • Utilities3.6%$257.0M
  • Communication Services3.4%$237.7M
  • Consumer Discretionary3.0%$209.5M
  • Consumer Staples2.0%$140.0M
  • Real Estate1.2%$84.9M

AUM History

13fpro.ai/research/fund/tenor-capital-management-co-l-p-1346554

Conviction and streaks

Diversifying · top 10 = 20.8%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

ON$ONConviction hold4.5% weight · held 4 quartersTDOC$TDOCConviction hold2.6% weight · held 10 quartersLYV$LYVConviction hold2.0% weight · held 7 quartersU$UConviction hold1.9% weight · held 10 quartersSHAK$SHAKConviction hold1.6% weight · held 10 quartersON$ONAccumulating+542% shares · 3 quarters runningIONS$IONSAccumulating+1084% shares · 3 quarters runningLYV$LYVAccumulating+321% shares · 3 quarters runningIRTC$IRTCAccumulating+82% shares · 3 quarters runningLRN$LRNAccumulating+97% shares · 3 quarters runningMCHP$MCHPTrimming-56% shares · 4 quarters runningZD$ZDTrimming-52% shares · 4 quarters runningNET$NETTrimming-82% shares · 4 quarters runningAKAM$AKAMTrimming-46% shares · 2 quarters runningETSY$ETSYTrimming-40% shares · 2 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/tenor-capital-management-co-l-p-1346554

TENOR CAPITAL MANAGEMENT Co., L.P. 13F holdings — Q2 2026

$7.1B portfolio (+9.3% QoQ) · 549 holdings · Q2 2026 13F · top 10 are 21% of the stock portfolio

All holdings — TENOR CAPITAL MANAGEMENT Co., L.P. (Q2 2026)

549 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
IRTC$IRTCiRhythm Holdings, Inc.note$97.1M+3%
TVTX$TVTXTravere Therapeutics, Inc.note$92.6M+55%
— GREENBRIER COS INC - NOTE 2.875% 4/1note$92.2M+27%
MIRM$MIRMMirum Pharmaceuticals, Inc.note$91.7M-44%
— COLLEGIUM PHARMACEUTICAL INC - NOTE 2.875% 2/1note$85.8M—
SNOW$SNOWSnowflake Inc.note$83.3M-15%
ALHC$ALHCAlignment Healthcare, Inc.note$81.8M+280%
LRN$LRNStride, Inc.note$76.2M+29%
UGI$UGIUGI CORP /PA/note$75.9M-15%
LNTH$LNTHLantheus Holdings, Inc.note$75.9M+21%
UPWK$UPWKUPWORK, INCnote$74.8M—
ETSY$ETSYETSY INCnote$70.8M—
— CLOUDFLARE INC - NOTE 6/1note$70.0MNew
BSY$BSYBENTLEY SYSTEMS INCnote$70.0M—
— CHECK POINT SOFTWARE TECH LTD - NOTE 12/1note$69.9MNew

What changed in Q2 2026

Against the previous quarter's 13F: 93 new, 33 added to, 30 trimmed, 50 sold out. Share-count changes; largest moves by dollar size first.

New positions (93)

  • ZS$ZSZscaler, Inc.$110.0M

    first bought this quarter

  • CLOUDFLARE INC - NOTE 6/1$70.0M

    first bought this quarter

  • CHECK POINT SOFTWARE TECH LTD - NOTE 12/1$69.9M

    first bought this quarter

  • RBRK$RBRKRubrik, Inc.$66.4M

    first bought this quarter

  • GRAB HOLDINGS LTD - NOTE 6/1$56.2M

    first bought this quarter

  • SO$SOSOUTHERN CO$50.7M

    first bought this quarter

+87 more in the Excel export

Added to (33)

  • ON$ONON SEMICONDUCTOR CORP+214%

    now $321.6M · held 4 qtrs, 4 adds in a row

  • IONS$IONSIONIS PHARMACEUTICALS INC+336%

    now $147.8M · held 10+ qtrs

  • ALHC$ALHCAlignment Healthcare, Inc.+280%

    now $81.8M · held 3 qtrs

  • SNAP$SNAPSnap Inc+300%

    now $65.5M · held 10+ qtrs, 3 adds in a row

  • LYV$LYVLive Nation Entertainment, Inc.+36%

    now $143.9M · held 7 qtrs, 3 adds in a row

  • TVTX$TVTXTravere Therapeutics, Inc.+55%

    now $92.6M · held 3 qtrs, 3 adds in a row

+27 more in the Excel export

Trimmed (30)

  • NEO$NEONEOGENOMICS INC-82%

    now $18.2M · held 10+ qtrs

  • MIRM$MIRMMirum Pharmaceuticals, Inc.-44%

    now $91.7M · held 4 qtrs

  • DOCN$DOCNDigitalOcean Holdings, Inc.-70%

    now $22.7M · held 10+ qtrs

  • RPD$RPDRapid7, Inc.-30%

    now $67.8M · held 10+ qtrs

  • NET$NETCloudflare, Inc.-43%

    now $38.6M · held 9 qtrs, 4 trims in a row

  • HALO$HALOHALOZYME THERAPEUTICS, INC.-31%

    now $55.6M · held 7 qtrs

+24 more in the Excel export

Sold out (50)

  • LITE$LITELumentum Holdings Inc.was $390.1M

    held 9+ qtrs

  • CNMD$CNMDCONMED Corpwas $122.4M

    held 6 qtrs

  • VTR$VTRVentas, Inc.was $113.8M

    held 1 qtr

  • JBTM$JBTMJBT MAREL Corpwas $100.1M

    held 9+ qtrs

  • JAZZ INVESTMENTS I LTDwas $94.9M
  • QTWO$QTWOQ2 Holdings, Inc.was $71.7M

+44 more in the Excel export

Firm AUM (Form ADV): $10.2B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F TENOR CAPITAL MANAGEMENT Co., L.P. has filed, 41 earlier quarters. Pick one to see what it held then.

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Is it too late to follow TENOR CAPITAL MANAGEMENT , L.P.?

Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of TENOR CAPITAL MANAGEMENT , L.P.'s top 20 holdings: 53/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)

Top 10 since filing

-6.1%

Value-weighted move of the 10 largest stock positions

Turnover

29%

Last quarter; 96% over the last 4

Top 10 weight

21%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

74%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

TENOR CAPITAL MANAGEMENT Co., L.P. disclosed 549 positions worth $7.1B in its Form 13F-HR for Q2 2026, led by $ON (ON SEMICONDUCTOR CORP) at 4.5% of the equity portfolio, followed by $TDOC and $IONS. During the quarter the fund opened 93 new positions and exited 50 — including a new stake in $ZS and a full exit from $LITE. The portfolio is most concentrated in Technology (29.1% of disclosed assets). All figures are sourced directly from TENOR CAPITAL MANAGEMENT Co., L.P.’s Form 13F-HR filing with the SEC under CIK 1346554.

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AI-Powered Hedge Fund Analysis: TENOR CAPITAL MANAGEMENT Co., L.P.

13F Pro is an AI hedge fund tracker and stock research platform. For TENOR CAPITAL MANAGEMENT Co., L.P. (SEC CIK: 1346554), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in TENOR CAPITAL MANAGEMENT Co., L.P.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.