TENOR CAPITAL MANAGEMENT Co., L.P. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
TENOR CAPITAL MANAGEMENT Co., L.P. disclosed 438 US equity positions worth $7.1bn in its Q4 2025 13F filing. The largest position was IDCC at 4.7% of the reported book, followed by LITE and RNG. Against the Q3 2025 filing, it opened 1 new position, added to 16 and reduced 13 among the top 50 holdings.
What did TENOR CAPITAL MANAGEMENT Co., L.P. own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | IDCC INTERDIGITAL INC | 4.7% | $331.3m | 80,000,000 | 0% | held | |
| 2 | LITE LUMENTUM HLDGS INC | 2.9% | $204.6m | 55,100,000 | -2% | reduced | |
| 3 | RNG RINGCENTRAL INC | 2.8% | $201.6m | 203,500,000 | 0% | held | |
| 4 | TDOC TELADOC HEALTH INC | 2.5% | $180.1m | 188,653,000 | 0% | held | |
| 5 | AKAM AKAMAI TECHNOLOGIES INC | 2.4% | $173.1m | 171,514,000 | 0% | held | |
| 6 | BENTLEY SYS INC | 2.1% | $151.8m | 151,995,000 | 11% | added | |
| 7 | JAMF HLDG CORP | 2.1% | $148.2m | 150,000,000 | 16% | added | |
| 8 | U UNITY SOFTWARE INC | 1.8% | $130.8m | 135,378,000 | -21% | reduced | |
| 9 | CNMD CONMED CORP | 1.7% | $120.1m | 125,020,000 | 0% | held | |
| 10 | HAEMONETICS CORP MASS | 1.7% | $118.3m | 119,217,000 | 0% | held | |
| 11 | NET CLOUDFLARE INC | 1.7% | $117.5m | 100,000,000 | -18% | reduced | |
| 12 | TRIPADVISOR INC | 1.6% | $114.6m | 115,893,000 | 0% | held | |
| 13 | BIOMARIN PHARMACEUTICAL INC | 1.6% | $112.2m | 116,500,000 | 14% | added | |
| 14 | SHAK SHAKE SHACK INC | 1.5% | $103.5m | 109,600,000 | 196% | added | |
| 15 | CONFLUENT INC | 1.5% | $102.9m | 105,606,000 | 0% | held | |
| 16 | JBTM JBT MAREL CORPORATION | 1.4% | $101.0m | 98,188,000 | -4% | reduced | |
| 17 | IRTC IRHYTHM TECHNOLOGIES INC | 1.4% | $96.4m | 68,554,000 | 43% | added | |
| 18 | DAYFORCE INC | 1.3% | $91.4m | 92,081,000 | 0% | held | |
| 19 | TRANSMEDICS GROUP INC | 1.3% | $90.0m | 60,000,000 | 0% | held | |
| 20 | NEOGENOMICS INC | 1.2% | $88.0m | 98,050,000 | 2% | added | |
| 21 | UGI CORP NEW | 1.2% | $86.3m | 60,616,000 | 73% | added | |
| 22 | SNOW SNOWFLAKE INC | 1.2% | $85.7m | 57,665,000 | 122% | added | |
| 23 | RAPID7 INC | 1.2% | $85.2m | 89,537,000 | 0% | held | |
| 24 | JAZZ INVESTMENTS I LTD | 1.2% | $83.9m | 72,318,000 | -18% | reduced | |
| 25 | BL BLACKLINE INC | 1.1% | $78.2m | 79,000,000 | 0% | held | |
| 26 | BBIO BRIDGEBIO PHARMA INC | 1.1% | $74.9m | 39,500,000 | 32% | added | |
| 27 | UPWK UPWORK INC | 1.0% | $74.5m | 76,000,000 | -4% | reduced | |
| 28 | PTC THERAPEUTICS INC | 1.0% | $74.4m | 49,839,000 | 66% | added | |
| 29 | MIRM MIRUM PHARMACEUTICALS INC | 1.0% | $74.2m | 28,576,000 | 14% | added | |
| 30 | BENTLEY SYS INC | 1.0% | $68.6m | 72,595,000 | 0% | held | |
| 31 | QTWO Q2 HLDGS INC | 1.0% | $68.0m | 66,830,000 | 14% | added | |
| 32 | ETSY INC | 0.9% | $64.7m | 69,639,000 | 0% | held | |
| 33 | ZIFF DAVIS INC | 0.9% | $64.6m | 65,000,000 | -13% | reduced | |
| 34 | ITRI ITRON INC | 0.8% | $60.1m | 60,500,000 | -7% | reduced | |
| 35 | ON ON SEMICONDUCTOR CORP | 0.8% | $59.8m | 50,000,000 | 82% | added | |
| 36 | MICROCHIP TECHNOLOGY INC. | 0.8% | $58.9m | 60,000,000 | -27% | reduced | |
| 37 | MTN VAIL RESORTS INC | 0.8% | $54.3m | 54,299,000 | 0% | held | |
| 38 | SUPER MICRO COMPUTER INC | 0.8% | $54.1m | 60,000,000 | 0% | held | |
| 39 | SE SEA LTD | 0.8% | $53.3m | 54,843,000 | – | new | |
| 40 | HALO HALOZYME THERAPEUTICS INC | 0.7% | $52.8m | 39,626,000 | 273% | added | |
| 41 | DOCN DIGITALOCEAN HLDGS INC | 0.7% | $48.0m | 49,619,000 | 2641% | added | |
| 42 | PAR TECHNOLOGY CORP | 0.7% | $46.8m | 47,500,000 | 0% | held | |
| 43 | EXACT SCIENCES CORP | 0.7% | $46.3m | 45,000,000 | -34% | reduced | |
| 44 | SEAGATE HDD CAYMAN | 0.6% | $45.9m | 13,621,000 | -92% | reduced | |
| 45 | PEBBLEBROOK HOTEL TR | 0.6% | $45.5m | 46,734,000 | 0% | held | |
| 46 | EXPEDIA GROUP INC | 0.6% | $44.9m | 40,000,000 | -11% | reduced | |
| 47 | GREENBRIER COS INC | 0.6% | $44.2m | 40,540,000 | 0% | held | |
| 48 | EXACT SCIENCES CORP | 0.6% | $39.8m | 38,000,000 | -17% | reduced | |
| 49 | STRATEGY INC | 0.5% | $38.1m | 30,000,000 | 0% | held | |
| 50 | BL BLACKLINE INC | 0.5% | $37.2m | 35,094,000 | 476% | 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.