TENOR CAPITAL MANAGEMENT Co., L.P. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
TENOR CAPITAL MANAGEMENT Co., L.P. disclosed 398 US equity positions worth $7.6bn in its Q3 2025 13F filing. The largest position was SEAGATE HDD CAYMAN at 6.7% of the reported book, followed by IDCC and RNG. Against the Q2 2025 filing, it opened 3 new positions, added to 20 and reduced 12 among the top 50 holdings.
What did TENOR CAPITAL MANAGEMENT Co., L.P. own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SEAGATE HDD CAYMAN | 6.7% | $509.6m | 176,548,000 | – | new | |
| 2 | IDCC INTERDIGITAL INC | 4.7% | $359.3m | 80,000,000 | 45% | added | |
| 3 | RNG RINGCENTRAL INC | 2.6% | $198.1m | 202,500,000 | 1% | added | |
| 4 | DEXCOM INC | 2.5% | $190.8m | 191,713,000 | 0% | held | |
| 5 | TDOC TELADOC HEALTH INC | 2.3% | $177.6m | 188,653,000 | 45% | added | |
| 6 | AKAM AKAMAI TECHNOLOGIES INC | 2.2% | $164.5m | 171,514,000 | 20% | added | |
| 7 | U UNITY SOFTWARE INC | 2.2% | $164.0m | 171,907,000 | 2% | added | |
| 8 | NET CLOUDFLARE INC | 2.0% | $152.3m | 122,500,000 | -25% | reduced | |
| 9 | BENTLEY SYS INC | 1.8% | $135.6m | 137,036,000 | -1% | reduced | |
| 10 | JAMF HLDG CORP | 1.6% | $124.2m | 129,002,000 | 19% | added | |
| 11 | CNMD CONMED CORP | 1.6% | $120.0m | 125,020,000 | 21% | added | |
| 12 | HAEMONETICS CORP MASS | 1.5% | $116.8m | 119,217,000 | 0% | held | |
| 13 | NVCR NOVOCURE LTD | 1.5% | $115.4m | 116,000,000 | 19% | added | |
| 14 | TRIPADVISOR INC | 1.5% | $113.6m | 115,893,000 | 0% | held | |
| 15 | JBTM JBT MAREL CORPORATION | 1.4% | $103.2m | 102,013,000 | 35% | added | |
| 16 | CONFLUENT INC | 1.3% | $99.8m | 105,606,000 | 5% | added | |
| 17 | BIOMARIN PHARMACEUTICAL INC | 1.3% | $97.5m | 102,075,000 | 32% | added | |
| 18 | LITE LUMENTUM HLDGS INC | 1.2% | $94.8m | 56,148,000 | -38% | reduced | |
| 19 | JAZZ INVESTMENTS I LTD | 1.2% | $94.6m | 88,536,000 | 0% | held | |
| 20 | GRANITE CONSTR INC | 1.2% | $92.3m | 38,000,000 | -5% | reduced | |
| 21 | DAYFORCE INC | 1.2% | $90.2m | 92,081,000 | 2% | added | |
| 22 | TRANSMEDICS GROUP INC | 1.1% | $85.6m | 60,000,000 | 91% | added | |
| 23 | RAPID7 INC | 1.1% | $84.5m | 89,537,000 | 0% | held | |
| 24 | NEOGENOMICS INC | 1.1% | $83.9m | 96,050,000 | 4% | added | |
| 25 | VERINT SYSTEMS INC | 1.1% | $81.1m | 82,309,000 | 0% | held | |
| 26 | IONIS PHARMACEUTICALS INC | 1.1% | $80.0m | 65,000,000 | -39% | reduced | |
| 27 | MICROCHIP TECHNOLOGY INC. | 1.0% | $79.6m | 81,675,000 | -16% | reduced | |
| 28 | FIVERR INTL LTD | 1.0% | $77.7m | 78,000,000 | 0% | held | |
| 29 | BL BLACKLINE INC | 1.0% | $77.3m | 79,000,000 | 0% | held | |
| 30 | UPWK UPWORK INC | 1.0% | $77.0m | 79,509,000 | 0% | held | |
| 31 | PROS HOLDINGS INC | 1.0% | $74.0m | 56,854,000 | 0% | held | |
| 32 | ZIFF DAVIS INC | 1.0% | $72.7m | 75,000,000 | -21% | reduced | |
| 33 | ITRI ITRON INC | 0.9% | $69.0m | 65,000,000 | 0% | held | |
| 34 | BENTLEY SYS INC | 0.9% | $68.6m | 72,595,000 | 0% | held | |
| 35 | STRATEGY INC | 0.9% | $67.2m | 30,000,000 | 0% | held | |
| 36 | IRTC IRHYTHM TECHNOLOGIES INC | 0.9% | $66.0m | 48,002,000 | – | new | |
| 37 | LRN STRIDE INC | 0.8% | $64.6m | 22,843,000 | -6% | reduced | |
| 38 | ETSY INC | 0.8% | $64.3m | 69,639,000 | 7% | added | |
| 39 | EXACT SCIENCES CORP | 0.8% | $63.2m | 68,000,000 | -19% | reduced | |
| 40 | SUPER MICRO COMPUTER INC | 0.8% | $61.6m | 60,000,000 | 0% | held | |
| 41 | MIRM MIRUM PHARMACEUTICALS INC | 0.8% | $61.0m | 25,165,000 | – | new | |
| 42 | QTWO Q2 HLDGS INC | 0.8% | $61.0m | 58,881,000 | 53% | added | |
| 43 | VIAV VIAVI SOLUTIONS INC | 0.8% | $60.4m | 57,142,000 | -48% | reduced | |
| 44 | FSLY FASTLY INC | 0.7% | $55.0m | 56,140,000 | 51% | added | |
| 45 | MTN VAIL RESORTS INC | 0.7% | $53.6m | 54,299,000 | 0% | held | |
| 46 | Q2 HLDGS INC | 0.7% | $52.4m | 52,555,000 | 17% | added | |
| 47 | SHIFT4 PMTS INC | 0.7% | $51.8m | 50,300,000 | -54% | reduced | |
| 48 | HALO HALOZYME THERAPEUTICS INC | 0.7% | $51.3m | 44,628,000 | 163% | added | |
| 49 | IMAX CORP | 0.7% | $49.7m | 42,000,000 | -26% | reduced | |
| 50 | PAR TECHNOLOGY CORP | 0.6% | $46.5m | 47,500,000 | 132% | 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.