TENOR CAPITAL MANAGEMENT Co., L.P. Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$7.6T

Holdings

398

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (398 positions)

#StockSharesValue% PortfolioType
1
STX 3.5 06/01/28SEAGATE HDD CAYMAN
176,548,000$509.6B6.69%
2
IDCC 3.5 06/01/27INTERDIGITAL INC
80,000,000$359.3B4.72%
3
RNG 0 03/15/26RINGCENTRAL INC
202,500,000$198.1B2.60%
4191,713,000$190.8B2.51%
5
TDOC 1.25 06/01/27TELADOC HEALTH INC
188,653,000$177.6B2.33%
6
AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC
171,514,000$164.5B2.16%
7
U 0 11/15/26UNITY SOFTWARE INC
171,907,000$164.0B2.15%
8
NET 0 08/15/26CLOUDFLARE INC
122,500,000$152.3B2.00%
9
BSY 0.125 01/15/26BENTLEY SYS INC
137,036,000$135.6B1.78%
10
JAMF 0.125 09/01/26JAMF HLDG CORP
129,002,000$124.2B1.63%
11125,020,000$120.0B1.58%
12
HAE 0 03/01/26HAEMONETICS CORP MASS
119,217,000$116.8B1.53%
13
NVCR 0 11/01/25NOVOCURE LTD
116,000,000$115.4B1.52%
14
TRIP 0.25 04/01/26TRIPADVISOR INC
115,893,000$113.6B1.49%
15
JBTM 0.25 05/15/26JBT MAREL CORPORATION
102,013,000$103.2B1.36%
16
CFLT 0 01/15/27CONFLUENT INC
105,606,000$99.8B1.31%
17
BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC
102,075,000$97.5B1.28%
18
LITE 0.5 12/15/26LUMENTUM HLDGS INC
56,148,000$94.8B1.24%
19
JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD
88,536,000$94.6B1.24%
20
GVA 3.75 05/15/28GRANITE CONSTR INC
38,000,000$92.3B1.21%
21
DAY 0.25 03/15/26DAYFORCE INC
92,081,000$90.2B1.19%
22
TMDX 1.5 06/01/28TRANSMEDICS GROUP INC
60,000,000$85.6B1.12%
2389,537,000$84.5B1.11%
24
NEO 0.25 01/15/28NEOGENOMICS INC
96,050,000$83.9B1.10%
25
VRNT 0.25 04/15/26VERINT SYSTEMS INC
82,309,000$81.1B1.06%
26
IONS 0 04/01/26IONIS PHARMACEUTICALS INC
65,000,000$80.0B1.05%
27
MCHP 0.75 06/01/30MICROCHIP TECHNOLOGY INC.
81,675,000$79.6B1.05%
28
FVRR 0 11/01/25FIVERR INTL LTD
78,000,000$77.7B1.02%
29
BL 0 03/15/26BLACKLINE INC
79,000,000$77.3B1.02%
3079,509,000$77.0B1.01%
31
PRO 2.5 07/01/30PROS HOLDINGS INC
56,854,000$74.0B0.97%
32
ZD 3.625 03/01/28ZIFF DAVIS INC
75,000,000$72.7B0.96%
3365,000,000$69.0B0.91%
34
BSY 0.375 07/01/27BENTLEY SYS INC
72,595,000$68.6B0.90%
35
MSTRSTRATEGY INC
30,000,000$67.2B0.88%
36
IRTC 1.5 09/01/29IRHYTHM TECHNOLOGIES INC
48,002,000$66.0B0.87%
3722,843,000$64.6B0.85%
3869,639,000$64.3B0.85%
39
EXAS 0.375 03/01/28EXACT SCIENCES CORP
68,000,000$63.2B0.83%
40
SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC
60,000,000$61.6B0.81%
41
MIRM 4 05/01/29MIRUM PHARMACEUTICALS INC
25,165,000$61.0B0.80%
42
QTWO 0.75 06/01/26Q2 HLDGS INC
58,881,000$61.0B0.80%
43
VIAV 1.625 03/15/26VIAVI SOLUTIONS INC
57,142,000$60.4B0.79%
44
FSLY 0 03/15/26FASTLY INC
56,140,000$55.0B0.72%
45
MTN 0 01/01/26VAIL RESORTS INC
54,299,000$53.6B0.70%
4652,555,000$52.4B0.69%
47
FOUR 0 12/15/25SHIFT4 PMTS INC
50,300,000$51.8B0.68%
48
HALO 0.25 03/01/27HALOZYME THERAPEUTICS INC
44,628,000$51.3B0.67%
4942,000,000$49.7B0.65%
50
PAR 1.5 10/15/27PAR TECHNOLOGY CORP
47,500,000$46.5B0.61%
51
EXPE 0 02/15/26EXPEDIA GROUP INC
45,000,000$45.5B0.60%
52
UGI 5 06/01/28UGI CORP NEW
35,000,000$45.4B0.60%
53
PEB 1.75 12/15/26PEBBLEBROOK HOTEL TR
46,734,000$45.3B0.59%
54
GBX 2.875 04/15/28GREENBRIER COS INC
40,540,000$44.1B0.58%
55
EXAS 0.375 03/15/27EXACT SCIENCES CORP
45,700,000$44.0B0.58%
56
BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC
30,000,000$42.1B0.55%
57
ORA 2.5 07/15/27ORMAT TECHNOLOGIES INC
33,134,000$40.4B0.53%
58
SNOW 0 10/01/27SNOWFLAKE INC
26,000,000$39.5B0.52%
59
PTCT 1.5 09/15/26PTC THERAPEUTICS INC
30,000,000$38.6B0.51%
60
SPOT 0 03/15/26SPOTIFY USA INC
28,011,000$38.4B0.50%
61
CALY 2.75 05/01/26TOPGOLF CALLAWAY BRANDS CORP
35,640,000$35.7B0.47%
6240,000,000$35.5B0.47%
63
SHAK 0 03/01/28SHAKE SHACK INC
37,072,000$35.3B0.46%
64
ZD 1.75 11/01/26ZIFF DAVIS INC
35,550,000$34.7B0.46%
6533,265,000$34.7B0.46%
66
MITEK SYS INC
35,000,000$34.5B0.45%
67
CNP 4.25 08/15/26CENTERPOINT ENERGY INC
30,000,000$33.5B0.44%
68
CMS 3.375 05/01/28CMS ENERGY CORP
30,000,000$33.3B0.44%
69
ON 0 05/01/27ON SEMICONDUCTOR CORP
27,500,000$31.4B0.41%
70
LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN
19,000,000$31.0B0.41%
71
BURL 1.25 12/15/27BURLINGTON STORES INC
22,500,000$30.5B0.40%
72
STWD 6.75 07/15/27STARWOOD PPTY TR INC
25,500,000$27.5B0.36%
7326,706,000$26.0B0.34%
74
WK 1.25 08/15/28WORKIVA INC
26,126,000$25.9B0.34%
75
COIN 0.5 06/01/26COINBASE GLOBAL INC
22,500,000$25.1B0.33%
76
LNTH 2.625 12/15/27LANTHEUS HLDGS INC
23,000,000$24.4B0.32%
77
FWONK 2.25 08/15/27LIBERTY MEDIA CORP DEL
17,792,000$23.7B0.31%
78
CHACRCRANE HBR ACQUISITION CORP
2,160,000$21.9B0.29%
79
ALRM 0 01/15/26ALARM COM HLDGS INC
22,009,000$21.7B0.28%
80
KFIIK&F GROWTH ACQUISITION CORP
2,001,000$20.4B0.27%
81
GTENGORES HLDGS X INC
2,000,000$20.4B0.27%
82
TACHTITAN ACQUISITION CORP
2,000,000$20.2B0.27%
83
NVST 1.75 08/15/28ENVISTA HOLDINGS CORPORATION
21,296,000$20.2B0.27%
84
CSGS 3.875 09/15/28CSG SYS INTL INC
17,500,000$19.5B0.26%
85
TVATEXAS VENTURES ACQUISITION I
1,750,000$18.7B0.25%
86
DVAX 2 03/15/30DYNAVAX TECHNOLOGIES CORP
20,000,000$18.7B0.25%
87
LOBLIVE OAK ACQUISITION CORP V
1,750,000$17.9B0.23%
88
GIGGIGCAPITAL7 CORP
1,690,136$17.8B0.23%
89
SOULSOULPOWER ACQUISITION CORP
1,750,000$17.7B0.23%
90
SZZLSIZZLE ACQUISITION CORP. II
1,750,000$17.6B0.23%
91
POST 2.5 08/15/27POST HLDGS INC
15,000,000$16.9B0.22%
92
EVH 4.5 08/15/31EVOLENT HEALTH INC
16,500,000$16.7B0.22%
93
BILL 0 04/01/27BILL HOLDINGS INC
17,795,000$16.6B0.22%
9417,500,000$16.0B0.21%
95
XRPNARMADA ACQUISITION CORP II
1,500,000$15.7B0.21%
96
ATIIARCHIMEDES TECH SPAC PARTNER
1,500,000$15.3B0.20%
97
HENNESSY CAP INVT CORP VII
1,500,000$15.3B0.20%
98
FERAFIFTH ERA ACQUISITION CORP I
1,500,000$15.3B0.20%
99
NPACNEW PROVIDENCE ACQUISITION C
1,500,000$15.3B0.20%
100
CGCTCARTESIAN GROWTH CORP III
1,500,000$15.1B0.20%
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