TENOR CAPITAL MANAGEMENT Co., L.P.
CIK: 0001346554Latest portfolio: $7.1B · Q4 2025
Holdings
438
Total Value
$7.1B
New Positions
60
Closed Positions
43
Top Holdings
View All 438 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | IDCC 3.5 06/01/27INTERDIGITAL INC | 80,000,000 | $331.3M | 4.67% | — | |
| 2 | LITE 0.5 12/15/26LUMENTUM HLDGS INC | 55,100,000 | $204.6M | 2.88% | -1,048,000 | |
| 3 | RNG 0 03/15/26RINGCENTRAL INC | 203,500,000 | $201.6M | 2.84% | +1.0M | |
| 4 | TDOC 1.25 06/01/27TELADOC HEALTH INC | 188,653,000 | $180.1M | 2.54% | — | |
| 5 | AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC | 171,514,000 | $173.1M | 2.44% | — | |
| 6 | BSY 0.125 01/15/26BENTLEY SYS INC | 151,995,000 | $151.8M | 2.14% | +15.0M | |
| 7 | JAMF 0.125 09/01/26JAMF HLDG CORP | 150,000,000 | $148.2M | 2.09% | +21.0M | |
| 8 | U 0 11/15/26UNITY SOFTWARE INC | 135,378,000 | $130.8M | 1.84% | -36,529,000 | |
| 9 | CNMD 2.25 06/15/27CONMED CORP | 125,020,000 | $120.1M | 1.69% | — | |
| 10 | HAE 0 03/01/26HAEMONETICS CORP MASS | 119,217,000 | $118.3M | 1.67% | — | |
| 11 | NET 0 08/15/26CLOUDFLARE INC | 100,000,000 | $117.5M | 1.66% | -22,500,000 | |
| 12 | TRIP 0.25 04/01/26TRIPADVISOR INC | 115,893,000 | $114.6M | 1.62% | — | |
| 13 | BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC | 116,500,000 | $112.2M | 1.58% | +14.4M | |
| 14 | SHAK 0 03/01/28SHAKE SHACK INC | 109,600,000 | $103.5M | 1.46% | +72.5M | |
| 15 | CFLT 0 01/15/27CONFLUENT INC | 105,606,000 | $102.9M | 1.45% | — | |
| 16 | JBTM 0.25 05/15/26JBT MAREL CORPORATION | 98,188,000 | $101.0M | 1.42% | -3,825,000 | |
| 17 | IRTC 1.5 09/01/29IRHYTHM TECHNOLOGIES INC | 68,554,000 | $96.4M | 1.36% | +20.6M | |
| 18 | DAY 0.25 03/15/26DAYFORCE INC | 92,081,000 | $91.4M | 1.29% | — | |
| 19 | TMDX 1.5 06/01/28TRANSMEDICS GROUP INC | 60,000,000 | $90.0M | 1.27% | — | |
| 20 | NEO 0.25 01/15/28NEOGENOMICS INC | 98,050,000 | $88.0M | 1.24% | +2.0M | |
| 21 | UGI 5 06/01/28UGI CORP NEW | 60,616,000 | $86.3M | 1.22% | +25.6M | |
| 22 | SNOW 0 10/01/27SNOWFLAKE INC | 57,665,000 | $85.7M | 1.21% | +31.7M | |
| 23 | RPD 0.25 03/15/27RAPID7 INC | 89,537,000 | $85.2M | 1.20% | — | |
| 24 | JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD | 72,318,000 | $83.9M | 1.18% | -16,218,000 | |
| 25 | BL 0 03/15/26BLACKLINE INC | 79,000,000 | $78.2M | 1.10% | — |
Quarterly Changes
New Positions
- $53.3M
- $34.0M
- $31.9M
- $30.9M
- $30.4M
- $29.9M
- $27.4M
- $21.7M
- $19.7M
- $19.6M
Closed Positions
- DXCM 0.25 11/15/25CLOSED$190.8B
- NVCR 0 11/01/25CLOSED$115.4B
- GVA 3.75 05/15/28CLOSED$92.3B
- VRNT 0.25 04/15/26CLOSED$81.1B
- FVRR 0 11/01/25CLOSED$77.7B
- PRO 2.5 07/01/30CLOSED$74.0B
- VIAV 1.625 03/15/26CLOSED$60.4B
- QTWO 0.125 11/15/25CLOSED$52.4B
- FOUR 0 12/15/25CLOSED$51.8B
- HALO 0.25 03/01/27CLOSED$51.3B
Increased Positions
| Name | Shares | Change |
|---|---|---|
| DOCN 0 12/01/26 | 49.6M | +47.8M |
| SNOW 0 10/01/27 | 57.7M | +31.7M |
| HALO 1 08/15/28 | 39.6M | +29.0M |
| UGI 5 06/01/28 | 60.6M | +25.6M |
| ON 0 05/01/27 | 50.0M | +22.5M |
| JAMF 0.125 09/01/26 | 150.0M | +21.0M |
| IRTC 1.5 09/01/29 | 68.6M | +20.6M |
| PTCT 1.5 09/15/26 | 49.8M | +19.8M |
| BSY 0.125 01/15/26 | 152.0M | +15.0M |
| BMRN 1.25 05/15/27 | 116.5M | +14.4M |
Decreased Positions
| Name | Shares | Change |
|---|---|---|
| STX 3.5 06/01/28 | 13.6M | -162927000 |
| BYND 0 03/15/27 | 5.0M | -64741000 |
| IONS 0 04/01/26 | 24.3M | -40700000 |
| U 0 11/15/26 | 135.4M | -36529000 |
| ORA 2.5 07/15/27 | 10.0M | -23134000 |
| EXAS 0.375 03/01/28 | 45.0M | -23000000 |
| NET 0 08/15/26 | 100.0M | -22500000 |
| MCHP 0.75 06/01/30 | 60.0M | -21675000 |
| JAZZ 2 06/15/26 | 72.3M | -16218000 |
| ZD 3.625 03/01/28 | 65.0M | -10000000 |
Sector Breakdown
UnknownNaN% ($InfinityT)
Financial ServicesNaN% ($InfinityT)
Technology0.0% ($3.8125141301245077e+83T)
Healthcare0.0% ($3749163.5T)
Consumer Cyclical0.0% ($546.7B)
Industrials0.0% ($6.8B)
Basic Materials0.0% ($4.2M)
Energy0.0% ($85K)
Communication Services0.0% ($42K)
Consumer Defensive0.0% ($14K)
Utilities0.0% ($0)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $7.1B | 438 |
| Q3 2025 | Nov 14, 2025 | $7.6T | 398 |
| Q2 2025 | Aug 14, 2025 | $7.4T | 363 |
| Q1 2025 | May 15, 2025 | $7.0T | 302 |
| Q4 2024 | Feb 14, 2025 | $7.1T | 291 |
| Q3 2024 | Nov 14, 2024 | $7130.6T | 292 |
| Q2 2024 | Aug 14, 2024 | $6366.3T | 310 |
| Q1 2024 | May 15, 2024 | $6266.9T | 349 |
| Q4 2023 | Feb 14, 2024 | $5617.9T | 352 |
| Q3 2023 | Nov 14, 2023 | $4675.4T | 390 |
| Q2 2023 | Aug 14, 2023 | $4780.5T | 421 |
| Q1 2023 | May 15, 2023 | $5031.3T | 500 |
| Q4 2022 | Feb 14, 2023 | $4199.2T | 632 |
| Q3 2022 | Nov 14, 2022 | $4.4T | 836 |
| Q2 2022 | Aug 9, 2022 | $4.4T | 879 |
| Q1 2022 | May 16, 2022 | $5.1T | 900 |
| Q4 2021 | Feb 14, 2022 | $4.8T | 827 |
| Q3 2021 | Nov 15, 2021 | $4.4T | 765 |
| Q2 2021 | Aug 16, 2021 | $4.6T | 793 |
| Q1 2021 | May 17, 2021 | $3.9T | 678 |
| Q4 2020 | Feb 16, 2021 | $3.6T | 380 |
| Q3 2020 | Nov 16, 2020 | $2.6T | 284 |
| Q2 2020 | Aug 14, 2020 | $2.2T | 197 |
| Q1 2020 | May 15, 2020 | $2.1T | 196 |
| Q4 2019 | Feb 14, 2020 | $1.9T | 166 |
| Q3 2019 | Nov 14, 2019 | $1.6T | 149 |
| Q2 2019 | Aug 14, 2019 | $2.0T | 139 |
| Q1 2019 | May 15, 2019 | $1.7T | 121 |
| Q4 2018 | Feb 14, 2019 | $1.5T | 91 |
| Q3 2018 | Nov 14, 2018 | $1.7T | 80 |
| Q2 2018 | Aug 14, 2018 | $1.7T | 73 |
| Q1 2018 | May 10, 2018 | $1.6T | 71 |
| Q4 2017 | Feb 14, 2018 | $1.3T | 66 |
| Q3 2017 | Nov 14, 2017 | $1.3T | 64 |
| Q2 2017 | Aug 14, 2017 | $1.1T | 59 |
| Q1 2017 | May 3, 2017 | $981.0B | 55 |
| Q4 2016 | Feb 14, 2017 | $1.1T | 51 |
| Q3 2016 | Nov 14, 2016 | $711.1B | 43 |
| Q2 2016 | Aug 15, 2016 | $411.5B | 38 |
| Q1 2016 | May 13, 2016 | $368.3B | 45 |
Fund Information
TENOR CAPITAL MANAGEMENT Co., L.P. is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $7.1B across 438 holdings. The largest position is INTERDIGITAL INC (IDCC 3.5 06/01/27), representing 4.7% of the portfolio. Compared to the previous quarter, the fund opened 106 new positions and closed 66 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.