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Asset Manager ← All Institutions

TENOR CAPITAL MANAGEMENT Co., L.P.

Q4 2025 · Filed 2026-02-17
Market Value
$663M
+28.7%
Holdings
161
+23
New Purchases
42
Added To
4
Closed
23
Reduced
8
Top 10 Concentration
29.2%
Turnover
40.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SBXE-UN 2.50% 0.00% +2.50% $17M
DMII 2.24% 0.00% +2.24% $15M
MLAC 3.14% 1.00% +2.14% $21M
MESHU 1.89% 0.00% +1.89% $12M
LPCVU 1.88% 0.00% +1.88% $12M
ITHAU 1.88% 0.00% +1.88% $12M
ADACU 1.88% 0.00% +1.88% $12M
BIXIU 1.88% 0.00% +1.88% $12M
BDCI 1.70% 0.00% +1.70% $11M
CRANU 1.67% 0.00% +1.67% $11M
BLZR 1.51% 0.00% +1.51% $10M
CCIX 4.33% 2.92% +1.41% $29M
TLNC 1.22% 0.00% +1.22% $8M
SAC-UN 1.22% 0.00% +1.22% $8M
HCACU 1.21% 0.00% +1.21% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DMIIU 0.00% 2.90% -2.90% $0
SDHIU 0.00% 2.75% -2.75% $0
BDCIU 0.00% 2.21% -2.21% $0
MBVIU 0.00% 2.16% -2.16% $0
ANSC 0.00% 2.12% -2.12% $0
CHAC 2.38% 4.25% -1.87% $16M
IREN 0.76% 2.63% -1.87% $5M
TLNCU 0.00% 1.56% -1.56% $0
TVA 2.24% 3.64% -1.39% $15M
LATAU 0.00% 1.16% -1.16% $0
OTGA 0.00% 0.98% -0.98% $0
HVMCU 0.00% 0.97% -0.97% $0
CHEC 0.00% 0.97% -0.97% $0
CCCX 0.00% 0.92% -0.92% $0
GTEN 3.09% 3.96% -0.87% $20M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $9M 1.3%
Mid Cap 3 $50K 0.0%
Small Cap 45 $360M 54.2%
Micro Cap 111 $295M 44.4%

Portfolio Analytics

Avg Market Cap
$610M
Median Market Cap
$202M
Avg P/E
49.6
Median P/E
36.3
Avg Dividend Yield
0.01%
Avg Beta
0.79
# Stocks
161
# ETFs / Funds
0

Top Holdings (161 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CCIX 4.33% 2,702,188 $29M $10.63 $14M +1,264,688 +88.0%
2 XRPN 3.38% 2,185,000 $22M $10.24 $7M +685,000 +45.7%
3 MLAC 3.14% 2,000,000 $21M $10.40 $16M +1,500,000 +300.0%
4 TACH 3.09% 2,000,000 $21M $10.25 $262K
5 GTEN 3.09% 2,000,000 $20M $10.25 $80K
6 SZZLU 2.68% 1,750,000 $18M $10.16 $140K
7 SBXE-UN 2.50% 1,650,000 $17M $10.06 +1,650,000 NEW
8 CHAC 2.38% 1,463,601 $16M $10.77 -$6M -696,399 -32.2%
9 CGCT 2.33% 1,500,000 $15M $10.30 $375K
10 TVA 2.24% 1,396,956 $15M $10.65 -$4M -353,044 -20.2%
11 DMII 2.24% 1,500,000 $15M $9.90 +1,500,000 NEW
12 BACC 2.03% 1,317,152 $13M $10.21 $1M +117,152 +9.8%
13 RAAQU 1.93% 1,250,000 $13M $10.22 $112K
14 DAAQU 1.92% 1,250,000 $13M $10.16 -$38K
15 IPCXU 1.91% 1,250,000 $13M $10.14 $88K
16 MESHU 1.89% 1,250,000 $12M $10.00 +1,250,000 NEW
17 LPCVU 1.88% 1,250,000 $12M $9.98 +1,250,000 NEW
18 ITHAU 1.88% 1,250,000 $12M $9.98 +1,250,000 NEW
19 ADACU 1.88% 1,250,000 $12M $9.97 +1,250,000 NEW
20 BIXIU 1.88% 1,250,000 $12M $9.96 +1,250,000 NEW
21 GSHRU 1.86% 1,200,000 $12M $10.27 $141K
22 VCIC 1.85% 1,136,371 $12M $10.77 -$1M -122,874 -9.8%
23 BDCI 1.70% 1,125,000 $11M $10.01 +1,125,000 NEW
24 CRANU 1.67% 1,100,000 $11M $10.07 +1,100,000 NEW
25 NHIC 1.56% 1,000,000 $10M $10.37 $185K
26 BLUW 1.56% 1,000,000 $10M $10.32 $350K
27 IPODU 1.54% 1,000,000 $10M $10.22 $110K
28 RDAGU 1.53% 1,000,000 $10M $10.13 -$85K
29 TVAIR 1.53% 1,000,000 $10M $10.12 $80K
30 LWACU 1.51% 1,000,000 $10M $10.03 $80K
31 BLZR 1.51% 1,000,000 $10M $10.01 +1,000,000 NEW
32 CEPF 1.47% 950,000 $10M $10.28 $90K
33 TACO 1.22% 800,000 $8M $10.14 -$208K
34 TLNC 1.22% 800,000 $8M $10.11 +800,000 NEW
35 WENN 1.22% 800,000 $8M $10.10 -$16K
36 SAC-UN 1.22% 800,000 $8M $10.09 +800,000 NEW
37 HCACU 1.21% 800,000 $8M $10.02 +800,000 NEW
38 COPL 1.16% 750,000 $8M $10.27 $120K
39 CCXIU 1.16% 750,000 $8M $10.21 +750,000 NEW
40 VHCPU 1.13% 750,000 $8M $10.02 +750,000 NEW
41 ALDF 1.11% 699,234 $7M $10.49 $28K
42 SVCC 1.06% 675,179 $7M $10.36 $44K
43 AEAQU 1.06% 700,000 $7M $9.99 +700,000 NEW
44 TDAC 1.01% 635,399 $7M $10.49 $89K
45 VACI 0.97% 650,000 $6M $9.90 +650,000 NEW
46 TDWD 0.97% 650,000 $6M $9.85 +650,000 NEW
47 DSACU 0.95% 625,000 $6M $10.04 +625,000 NEW
48 JACS 0.94% 600,000 $6M $10.42 $24K
49 OBA 0.91% 600,000 $6M $10.08 $73K
50 LFACU 0.91% 600,000 $6M $10.01 +600,000 NEW
51 LATA 0.90% 600,000 $6M $9.96 +600,000 NEW
52 IRHOU 0.82% 547,508 $5M $9.94 +547,508 NEW
53 KCHV 0.76% 500,000 $5M $10.14 $55K
54 IREN 0.76% 133,900 $5M $37.77 -$8M -154,679 -53.6%
55 SCPQU 0.75% 500,000 $5M $10.00 +500,000 NEW
56 HVMC 0.75% 500,000 $5M $10.00 +500,000 NEW
57 CAEP 0.65% 425,000 $4M $10.20 -$51K
58 CEPV 0.62% 400,000 $4M $10.25 +400,000 NEW
59 KBONU 0.61% 400,000 $4M $10.07 +400,000 NEW
60 BLRKU 0.60% 400,000 $4M $10.00 +400,000 NEW
61 CEPO 0.58% 367,176 $4M $10.41 -$18K
62 ZTS 0.57% 29,800 $4M $125.82 +29,800 NEW
63 AEXA 0.56% 327,140 $4M $11.39 -$2M -186,615 -36.3%
64 DNMX 0.52% 350,000 $3M $9.89 +350,000 NEW
65 FIGXU 0.46% 300,000 $3M $10.06 $21K
66 SVAQU 0.45% 300,000 $3M $9.95 +300,000 NEW
67 RTACU 0.32% 200,000 $2M $10.67 -$48K
68 SCIIU 0.31% 203,257 $2M $10.07 +203,257 NEW
69 CEPT 0.29% 172,962 $2M $11.26 -$1M -127,038 -42.4%
70 HAVA 0.22% 150,000 $1M $9.93 +150,000 NEW
71 IPEX 0.19% 125,000 $1M $10.28 $5K
72 CHPGU 0.15% 100,000 $1M $10.19 $12K
73 TVACW 0.12% 875,000 $788K $0.90 -$175K
74 CHACU 0.10% 860,901 $689K $0.80 $75K -1,119,099 -56.5%
75 ARAY 0.06% 500,000 $412K $0.82 -$1M -500,000 -50.0%
76 NWAX-UN 0.05% 35,000 $364K $10.41 +35,000 NEW
77 BRRWW 0.04% 375,000 $262K $0.70 +375,000 NEW
78 KFIIR 0.04% 2,000,000 $260K $0.13 -$40K
79 DMIIR 0.03% 1,500,000 $210K $0.14 +1,500,000 NEW
80 BDCIW 0.03% 281,250 $191K $0.68 +281,250 NEW
81 NHICW 0.03% 400,000 $180K $0.45 $36K
82 ALDFW 0.03% 312,900 $172K $0.55 $3K
83 ENGNW 0.02% 55,243 $164K $2.96 $124K
84 BLZRW 0.02% 333,333 $160K $0.48 +333,333 NEW
85 TLNCW 0.02% 266,666 $157K $0.59 +266,666 NEW
86 TACOW 0.02% 400,000 $148K $0.37 -$120K
87 LWACW 0.02% 500,000 $135K $0.27 $39K
88 WENNW 0.02% 400,000 $124K $0.31 -$100K
89 DYOR 0.02% 325,000 $107K $0.33 +325,000 NEW
90 TDWDR 0.02% 650,000 $107K $0.16 +650,000 NEW
91 IPEXR 0.02% 125,000 $100K $0.80 $25K
92 LATAW 0.01% 200,000 $80K $0.40 +200,000 NEW
93 PACHW 0.01% 300,000 $78K $0.26 $12K
94 KDKRW 0.01% 50,000 $76K $1.53 $23K
95 HVMCW 0.01% 250,000 $68K $0.27 +250,000 NEW
96 BAERW 0.01% 274,854 $55K $0.20 $34K
97 DRTSW 0.01% 150,000 $51K $0.34 -$750
98 FBYDW 0.01% 24,900 $50K $2.02 $8K
99 CCIXW 0.01% 50,000 $44K $0.88 $5K
100 BGLWW 0.01% 100,000 $42K $0.42 -$4K

New Positions

SymbolValue% Port
SBXE-UN $17M 2.50%
DMII $15M 2.24%
MESHU $12M 1.89%
LPCVU $12M 1.88%
ITHAU $12M 1.88%
ADACU $12M 1.88%
BIXIU $12M 1.88%
BDCI $11M 1.70%
CRANU $11M 1.67%
BLZR $10M 1.51%
TLNC $8M 1.22%
SAC-UN $8M 1.22%
HCACU $8M 1.21%
CCXIU $8M 1.16%
VHCPU $8M 1.13%

Sold Out Positions

SymbolValue% Port
BCSS —%
BXP —%
FCRS —%
KOYNU —%
ANSC —%
OTGA —%
TLNCU —%
HVMCU —%
MBVIU —%
WOLF —%
BBAI-WT —%
IBAC —%
SDHIU —%
CHEC —%
DMIIU —%
View SEC EDGAR Filings for TENOR CAPITAL MANAGEMENT Co., L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms