Tenere Capital LLC 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Tenere Capital LLC disclosed 21 US equity positions worth $363.4m in its Q1 2025 13F filing. The largest position was MSFT at 6.9% of the reported book, followed by DHR and BX. Against the Q4 2024 filing, it opened 3 new positions, added to 14 and reduced 4 among the top 21 holdings.
What did Tenere Capital LLC own in Q1 2025? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORPORATION | Technology | 6.9% | $25.2m | 67,156 | -4% | reduced |
| 2 | DHR DANAHER CORP | Healthcare | 6.9% | $25.0m | 122,101 | 111% | added |
| 3 | BX BLACKSTONE INC | Financial Services | 6.6% | $23.8m | 170,400 | 52% | added |
| 4 | NVDA NVIDIA CORP | Technology | 6.5% | $23.7m | 218,577 | 75% | added |
| 5 | AMZN AMAZON.COM INC | Consumer Cyclical | 5.8% | $21.2m | 111,386 | 11% | added |
| 6 | NKE NIKE INC CL B | Consumer Cyclical | 5.8% | $20.9m | 329,248 | 77% | added |
| 7 | V VISA INC-CLASS A SHARES | Financial Services | 5.5% | $19.9m | 56,695 | -30% | reduced |
| 8 | BLK BLACKROCK FUNDING INC/DE | Financial Services | 5.5% | $19.8m | 20,972 | -8% | reduced |
| 9 | AAPL APPLE INC | Technology | 5.5% | $19.8m | 89,320 | 11% | added |
| 10 | META META PLATFORMS INC | Communication Services | 5.3% | $19.1m | 33,207 | 7% | added |
| 11 | UNP UNION PACIFIC CP | Industrials | 5.2% | $19.0m | 80,330 | 36% | added |
| 12 | NOW SERVICENOW | Technology | 3.9% | $14.0m | 17,600 | – | new |
| 13 | ADBE ADOBE INC | Technology | 3.8% | $13.8m | 35,907 | – | new |
| 14 | GS GOLDMAN SACHS | Financial Services | 3.7% | $13.5m | 24,676 | 37% | added |
| 15 | NSC NORFOLK SOUTHERN | Industrials | 3.6% | $13.2m | 55,760 | 18% | added |
| 16 | HD HOME DEPOT | Consumer Cyclical | 3.6% | $13.2m | 35,950 | – | new |
| 17 | APO APOLLO GLOBAL MANAGEMENT INC | Financial Services | 3.6% | $13.1m | 95,791 | 56% | added |
| 18 | ROK ROCKWELL AUTOMATION INC | Industrials | 3.5% | $12.9m | 49,815 | 17% | added |
| 19 | GOOGL ALPHABET INC CLASS A COMMON STOCK | Communication Services | 3.2% | $11.8m | 75,983 | -46% | reduced |
| 20 | ADSK AUTODESK INC | Technology | 3.0% | $11.0m | 41,900 | 13% | added |
| 21 | TSM TAIWAN SEMI ADR | Technology | 2.6% | $9.5m | 57,500 | 7% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.