Tenere Capital LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Tenere Capital LLC disclosed 22 US equity positions worth $129.1m in its Q4 2025 13F filing. The largest position was AAPL at 9.9% of the reported book, followed by NVDA and BLK. Against the Q3 2025 filing, it opened 10 new positions, added to 0 and reduced 11 among the top 22 holdings.
What did Tenere Capital LLC own in Q4 2025? Top 22 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | AAPL APPLE INC | Technology | 9.9% | $12.7m | 46,762 | -31% | reduced |
| 2 | NVDA NVIDIA CORP | Technology | 7.4% | $9.5m | 50,995 | -66% | reduced |
| 3 | BLK BLACKROCK FUNDING INC/DE | Financial Services | 7.2% | $9.3m | 8,712 | -59% | reduced |
| 4 | TSM TAIWAN SEMI ADR | Technology | 6.9% | $8.9m | 29,165 | – | new |
| 5 | GS GOLDMAN SACHS | Financial Services | 6.8% | $8.7m | 9,918 | -69% | reduced |
| 6 | V VISA INC-CLASS A SHARES | Financial Services | 6.6% | $8.5m | 24,252 | -76% | reduced |
| 7 | DHR DANAHER CORP | Healthcare | 6.1% | $7.9m | 34,648 | -60% | reduced |
| 8 | AMZN AMAZON.COM INC | Consumer Cyclical | 5.7% | $7.3m | 31,640 | -79% | reduced |
| 9 | COF CAPITAL ONE FINANCIAL CORP | Financial Services | 5.6% | $7.2m | 29,708 | – | new |
| 10 | GOOGL ALPHABET INC CLASS A COMMON STOCK | Communication Services | 5.3% | $6.8m | 21,697 | – | new |
| 11 | ADI ANALOG DEVICES | Technology | 3.7% | $4.8m | 17,609 | – | new |
| 12 | COIN COINBASE GLOBAL INC -CLASS A | Financial Services | 3.5% | $4.5m | 19,956 | -32% | reduced |
| 13 | MSFT MICROSOFT CORPORATION | Technology | 3.4% | $4.3m | 8,990 | -85% | reduced |
| 14 | GE GENERAL AEROSPACE CO | Industrials | 3.2% | $4.1m | 13,461 | – | new |
| 15 | IQV IQVIA HOLDINGS INC | Healthcare | 3.0% | $3.9m | 17,210 | – | new |
| 16 | META META PLATFORMS INC | Communication Services | 3.0% | $3.8m | 5,800 | -84% | reduced |
| 17 | AMAT APPLIED MATERIALS | Technology | 2.9% | $3.7m | 14,478 | – | new |
| 18 | CAT CATERPILLAR INC | Industrials | 2.9% | $3.7m | 6,451 | – | new |
| 19 | GEV GE VERNOVA LLC | Industrials | 2.7% | $3.4m | 5,243 | – | new |
| 20 | LLY ELI LILLY & CO | Healthcare | 2.2% | $2.8m | 2,632 | – | new |
| 21 | KLAR Klarna Group plc | Financial Services | 1.3% | $1.7m | 57,984 | 0% | held |
| 22 | ADSK AUTODESK INC | Technology | 1.1% | $1.4m | 4,579 | -86% | reduced |
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.