Tenere Capital LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Tenere Capital LLC disclosed 21 US equity positions worth $424.0m in its Q3 2025 13F filing. The largest position was V at 8.1% of the reported book, followed by AMZN and BX. Against the Q2 2025 filing, it opened 4 new positions, added to 12 and reduced 5 among the top 21 holdings.
What did Tenere Capital LLC own in Q3 2025? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | V VISA INC-CLASS A SHARES | Financial Services | 8.1% | $34.5m | 100,969 | 78% | added |
| 2 | AMZN AMAZON.COM INC | Consumer Cyclical | 7.9% | $33.6m | 152,864 | 42% | added |
| 3 | BX BLACKSTONE INC | Financial Services | 7.7% | $32.8m | 192,269 | 1% | added |
| 4 | MSFT MICROSOFT CORPORATION | Technology | 7.5% | $32.0m | 61,762 | -17% | reduced |
| 5 | NVDA NVIDIA CORP | Technology | 6.6% | $27.9m | 149,404 | -15% | reduced |
| 6 | META META PLATFORMS INC | Communication Services | 6.1% | $26.1m | 35,507 | -32% | reduced |
| 7 | GS GOLDMAN SACHS | Financial Services | 6.1% | $25.9m | 32,497 | 32% | added |
| 8 | BLK BLACKROCK FUNDING INC/DE | Financial Services | 5.8% | $24.7m | 21,211 | 1% | added |
| 9 | NFLX NETFLIX INC | Communication Services | 5.6% | $23.9m | 19,946 | – | new |
| 10 | UBER UBER TECHNOLOGIES INC | Technology | 4.5% | $19.0m | 193,690 | 15% | added |
| 11 | NOW SERVICENOW | Technology | 4.3% | $18.2m | 19,801 | 13% | added |
| 12 | AAPL APPLE INC | Technology | 4.1% | $17.2m | 67,700 | 4% | added |
| 13 | DHR DANAHER CORP | Healthcare | 4.1% | $17.2m | 86,628 | -11% | reduced |
| 14 | NSC NORFOLK SOUTHERN | Industrials | 4.0% | $16.9m | 56,398 | 1% | added |
| 15 | EQIX EQUINIX INC | Real Estate | 3.8% | $16.0m | 20,430 | 1% | added |
| 16 | NKE NIKE INC CL B | Consumer Cyclical | 3.5% | $15.0m | 214,690 | 23% | added |
| 17 | HUBB HUBBELL B | Industrials | 2.9% | $12.3m | 28,469 | – | new |
| 18 | ADSK AUTODESK INC | Technology | 2.4% | $10.2m | 32,163 | -49% | reduced |
| 19 | COIN COINBASE GLOBAL INC -CLASS A | Financial Services | 2.3% | $9.9m | 29,400 | – | new |
| 20 | CCI CROWN CASTLE INC | Real Estate | 2.0% | $8.6m | 89,511 | 1% | added |
| 21 | KLAR KLARNA GROUP PLC | Financial Services | 0.5% | $2.1m | 57,984 | – | new |
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.