TC

TENOR CAPITAL MANAGEMENT Co., L.P.

Diversified strategyMomentum followerSector-focused

Total reported value

$6.5B

Reporting period: 2026-03-31 · Number of holdings: 501

TENOR CAPITAL MANAGEMENT Co., L.P. disclosed 501 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $6.5B and a quarterly turnover rate of 68.2%.

Personality snowflake

Concentration
4.82
Portfolio Stability
68.25
Momentum/Contrarian
100
Sector conviction
81.37
Diversification
100
Sizing Uniformity
77.53

Recent moves

  • Add LITE 0.5 12-15-26

    -0.0%　$185.4B

  • Add COLL 2.875 02-15-29

    +664.5%　$67.4B

  • Add LYV 3.125 01-15-29

    +195.0%　$60.8B

  • Add MIRM 4 05-01-29

    +53.2%　$57.5B

  • Trim AKAM 0.375 09-01-27

    -44.9%　-$63.5B

  • Trim NET 0 08-15-26

    -47.5%　-$56.0B

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1LITE 0.5 12-15-26Lumentum Holdings INCStock-Tech6.01%+3.13%-0.00%
2TDOC 1.25 06-01-27Teladoc Health INCStock-Healthcare2.80%——
3U 0 11-15-26Unity Software INCStock-Tech2.03%——
4MIRM 4 05-01-29Mirum PharmaceuticalsStock-Other2.03%+0.98%+53.25%
5CNMD 2.25 06-15-27Conmed CORPStock-Other1.89%——
6SHAK 0 03-01-28Shake Shack INCStock-Consumer Disc1.79%—+12.15%
7VTR 3.75 06-01-26Ventas Realty LPStock-Real Estate1.75%+1.75%NEW
8AKAM 0.375 09-01-27Akamai Technologies INCStock-Tech1.69%-0.75%-44.90%
9BMRN 1.25 05-15-27Biomarin PharmaceuticalStock-Healthcare1.67%—-4.29%
10JBTM 0.25 05-15-26Jbt Marel CORPStock-Industrials1.54%—+1.85%
11NEO 0.25 01-15-28Neogenomics INCStock-Healthcare1.53%—+10.20%
12RPD 0.25 03-15-27Rapid7 INCStock-Other1.46%—+11.69%
13JAZZ 2 06-15-26Jazz Investments I LTDStock-Healthcare1.46%—+7.17%
14UGI 5 06-01-28Ugi CORPStock-Utilities1.46%—+9.57%
15AKAM 1.125 02-15-29Akamai Technologies INCStock-Tech1.45%+1.45%NEW
16IRTC 1.5 09-01-29Irhythm Holdings INCStock-Healthcare1.44%—+23.99%
17LYV 3.125 01-15-29Live Nation EntertainmenStock-Comm Services1.39%+0.98%+195.00%
18COLL 2.875 02-15-29Collegium Pharma INCStock-Other1.24%+1.06%+664.52%
19UPWK 0.25 08-15-26Upwork INCStock-Other1.14%—-1.32%
20GBX 2.875 04-15-28Greenbrier Cos INCStock-Other1.14%+0.52%+55.24%
21ON 0 05-01-27On Semiconductor CORPStock-Tech1.11%—+12.36%
22QTWO 0.75 06-01-26Q2 Holdings INCStock-Tech1.10%—+7.58%
23HALO 1 08-15-28Halozyme Therapeutics InStock-Healthcare1.09%—+38.86%
24SNOW 0 10-01-27Snowflake INCStock-Tech1.08%—+2.60%
25ETSY 0.125 09-01-27Etsy INCStock-Consumer Disc1.07%—+7.18%
26BSY 0.375 07-01-27Bentley SystemsStock-Tech1.07%——
27NTNX 0.5 12-15-29Nutanix INCStock-Tech1.05%+0.61%+134.38%
28PTCT 1.5 09-15-26Ptc Therapeutics INCStock-Healthcare1.03%——
29DOCN 0 12-01-26Digitalocean HoldingsStock-Tech1.00%—+33.33%
30STX 3.5 06-01-28Seagate Hdd CaymanStock-Tech1.00%——
31TMDX 1.5 06-01-28Transmedics Group INCStock-Healthcare0.96%-0.31%-20.00%
32NET 0 08-15-26Cloudflare INCStock-Tech0.95%-0.71%-47.50%
33LRN 1.125 09-01-27Stride INCStock-Consumer Staples0.93%+0.43%+33.69%
34ZD 3.625 03-01-28Ziff Davis INCStock-Other0.91%—-7.69%
35LCII 3 03-01-30Lci IndustriesStock-Consumer Disc0.82%+0.82%NEW
36POST 2.5 08-15-27Post Holdings INCStock-Consumer Staples0.81%+0.58%+222.41%
37LNTH 2.625 12-15-27Lantheus Holdings INCStock-Healthcare0.80%+0.43%+86.91%
38MKSI 1.25 06-01-30Mks INCStock-Tech0.79%+0.79%NEW
39MCHP 0.75 06-01-30Microchip Technology INCStock-Tech0.73%—-20.83%
40CALY 2.75 05-01-26Callaway Golf CoStock-Other0.72%—+39.77%
41WT 3.25 06-15-26Wisdomtree InvestmentsStock-Other0.72%+0.72%NEW
42DXCM 0.375 05-15-28Dexcom INCStock-Healthcare0.71%+0.51%+233.33%
43PEB 1.75 12-15-26Pebblebrook Hotel TrustStock-Other0.71%——
44U 0 03-15-30Unity Software INCStock-Tech0.69%+0.69%NEW
45AEIS 2.5 09-15-28Advanced Energy IndStock-Industrials0.69%+0.41%+55.91%
46BL 1 06-01-29Blackline INCStock-Tech0.65%—+28.49%
47DKNG 0 03-15-28Draftkings Holdings INCStock-Consumer Disc0.64%—+53.65%
48TVTX 2.25 03-01-29Travere Therapeutics INCStock-Other0.62%+0.34%+132.56%
49CNP 4.25 08-15-26Centerpoint Energy INCStock-Utilities0.55%——
50MSTR 0.625 03-15-30Strategy INCStock-Tech0.53%——
1–50 of 501

Holding changes this quarter

TENOR CAPITAL MANAGEMENT Co., L.P.'s most significant position changes for 2026-03-31: Sold out: Interdigital INC (IDCC 3.5 06-01-27); Sold out: Ringcentral INC (RNG 0 03-15-26); Sold out: Bentley Systems INC (BSY 0.125 01-15-26); Sold out: Jamf Holding CORP (JAMF 0.125 09-01-26); Sold out: Haemonetics CORP (HAE 0 03-01-26).

Position changes disclosed by TENOR CAPITAL MANAGEMENT Co., L.P. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1LITE 0.5 12-15-26Lumentum Holdings INC+3.1%-0.00%Trim
2COLL 2.875 02-15-29Collegium Pharma INC+1.1%+664.52%Add
3LYV 3.125 01-15-29Live Nation Entertainmen+1%+195.00%Add
4MIRM 4 05-01-29Mirum Pharmaceuticals+1%+53.25%Add
5NTNX 0.5 12-15-29Nutanix INC+0.6%+134.38%Add
6POST 2.5 08-15-27Post Holdings INC+0.6%+222.41%Add
7GBX 2.875 04-15-28Greenbrier Cos INC+0.5%+55.24%Add
8DXCM 0.375 05-15-28Dexcom INC+0.5%+233.33%Add
9LNTH 2.625 12-15-27Lantheus Holdings INC+0.4%+86.91%Add
10LRN 1.125 09-01-27Stride INC+0.4%+33.69%Add
11AEIS 2.5 09-15-28Advanced Energy Ind+0.4%+55.91%Add
12TVTX 2.25 03-01-29Travere Therapeutics INC+0.3%+132.56%Add
13TMDX 1.5 06-01-28Transmedics Group INC-0.3%-20.00%Trim
14PAR 1.5 10-15-27Par Technology CORP-0.6%-92.97%Trim
15SMCI 3.5 03-01-29Super Micro Computer INC-0.6%-81.67%Trim
16BBIO 2.5 03-15-27Bridgebio Pharma INC-0.6%-62.03%Trim
17NET 0 08-15-26Cloudflare INC-0.7%-47.50%Trim
18AKAM 0.375 09-01-27Akamai Technologies INC-0.8%-44.90%Trim
19IDCC 3.5 06-01-27Interdigital INC—EXITSold out
20RNG 0 03-15-26Ringcentral INC—EXITSold out
21BSY 0.125 01-15-26Bentley Systems INC—EXITSold out
22JAMF 0.125 09-01-26Jamf Holding CORP—EXITSold out
23HAE 0 03-01-26Haemonetics CORP—EXITSold out
24TRIP 0.25 04-01-26Tripadvisor INC—EXITSold out
25VTR 3.75 06-01-26Ventas Realty LP—NEWNew buy
26CFLT 0 01-15-27Confluent INC—EXITSold out
27AKAM 1.125 02-15-29Akamai Technologies INC—NEWNew buy
28DAY 0.25 03-15-26Dayforce INC—EXITSold out
29BL 0 03-15-26Blackline INC—EXITSold out
30ITRI 0 03-15-26Itron INC—EXITSold out
31MTN 0 01-01-26Vail Resorts INC—EXITSold out
32SEALTD 0.25 09-15-26Sea LTD—EXITSold out
33LCII 3 03-01-30Lci Industries—NEWNew buy
34MKSI 1.25 06-01-30Mks INC—NEWNew buy
35WT 3.25 06-15-26Wisdomtree Investments—NEWNew buy
36EXAS 0.375 03-01-28Exact Sciences CORP—EXITSold out
37U 0 03-15-30Unity Software INC—NEWNew buy
38EXPE 0 02-15-26Expedia Group INC—EXITSold out
39EXAS 0.375 03-15-27Exact Sciences CORP—EXITSold out
40SPOT 0 03-15-26Spotify USA INC—EXITSold out
41MITK 0.75 02-01-26Mitek Systems INC—EXITSold out
42IONS 0 04-01-26Ionis Pharmaceuticals In—EXITSold out
43SOFI 1.25 03-15-29Sofi Technologies INC—NEWNew buy
44ASND 2.25 04-01-28Ascendis Pharma A/s—EXITSold out
45ZD 1.75 11-01-26Ziff Davis INC—EXITSold out
46FLR 1.125 08-15-29Fluor CORP—NEWNew buy
47HASI 3.75 08-15-28Hat Holdings I Llc/hat—NEWNew buy
48FWONK 2.25 08-15-27Liberty Media CORP—EXITSold out
49✓ Gigcapital9 CORP—NEWNew buy
50✓ Dynavax Technol—EXITSold out

FAQ

What is TENOR CAPITAL MANAGEMENT Co., L.P. and what type of investor is it?
TENOR CAPITAL MANAGEMENT Co., L.P. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $6.5B, spread across 501 disclosed positions.
What are TENOR CAPITAL MANAGEMENT Co., L.P.'s largest equity positions?
Based on the latest 13F filing, TENOR CAPITAL MANAGEMENT Co., L.P.'s top holdings by market value are: 1. Lumentum Holdings INC (LITE 0.5 12-15-26) — $390.1M (6.0%) 2. Teladoc Health INC (TDOC 1.25 06-01-27) — $181.7M (2.8%) 3. Unity Software INC (U 0 11-15-26) — $131.8M (2.0%) 4. Mirum Pharmaceuticals (MIRM 4 05-01-29) — $131.7M (2.0%) 5. Conmed CORP (CNMD 2.25 06-15-27) — $122.4M (1.9%)
What changes did TENOR CAPITAL MANAGEMENT Co., L.P. make in its most recent portfolio filing?
In the latest reported quarter, TENOR CAPITAL MANAGEMENT Co., L.P. made 50 notable position adjustments: 10 new positions were initiated, 11 existing holdings were added to, 7 positions were partially reduced, and 22 were completely exited. The largest of these moves: Sold out: Interdigital INC (IDCC 3.5 06-01-27); Sold out: Ringcentral INC (RNG 0 03-15-26); Sold out: Bentley Systems INC (BSY 0.125 01-15-26); Sold out: Jamf Holding CORP (JAMF 0.125 09-01-26); Sold out: Haemonetics CORP (HAE 0 03-01-26)
What sectors does TENOR CAPITAL MANAGEMENT Co., L.P. focus on?
TENOR CAPITAL MANAGEMENT Co., L.P. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 43.9% • Health Care: 24.9% • Consumer Discretionary: 9.5% • Industrials: 4.4% • Utilities: 4.1% • Real Estate: 3.7%