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Tenere Capital Portfolio holdings
AUM
$126M
1-Year Est. Return
42.13%
This Fund
S&P 500
This Quarter
Est. Return
+15.13%
1 Year Est. Return
+42.13%
3 Year Est. Return
+131.42%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$191M
AUM Growth
-$34.6M
(-15%)
Cap. Flow
-$58.6M
Cap. Flow
% of AUM
-30.65%
Top 10 Holdings %
Top 10 Hldgs %
49.48%
Holding
32
New
10
Increased
–
Reduced
16
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$10.4M |
| 2 |
Nike
NKE
|
+$9.93M |
| 3 |
Union Pacific
UNP
|
+$7.53M |
| 4 |
TSMC
TSM
|
+$6.47M |
| 5 |
Yum! Brands
YUM
|
+$6.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SBA Communications
SBAC
|
+$13.3M |
| 2 |
Dollar Tree
DLTR
|
+$11.9M |
| 3 |
Advanced Micro Devices
AMD
|
+$8.98M |
| 4 |
Microsoft
MSFT
|
+$8.7M |
| 5 |
Zoetis
ZTS
|
+$8.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.53% |
| 2 | Consumer Discretionary | 17.44% |
| 3 | Healthcare | 14.39% |
| 4 | Communication Services | 13.49% |
| 5 | Financials | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Becton Dickinson
BDX
$51.6B
| $3.98M | 2.08% |
+16,070
| New | +$3.93M |
|
|
27
Advanced Micro Devices
AMD
$760B
| – | – |
-138,700
| Closed | -$8.98M |
|
|
28
Dollar Tree
DLTR
$24.1B
| – | – |
-83,830
| Closed | -$11.9M |
|
29
Cheniere Energy
LNG
$58.3B
| – | – |
-38,800
| Closed | -$5.82M |
|
|
30
SBA Communications
SBAC
$20.3B
| – | – |
-47,290
| Closed | -$13.3M |
|
31
Warner Music
WMG
$14.7B
| – | – |
-221,293
| Closed | -$7.75M |
|
|
32
Zoetis
ZTS
$32B
| – | – |
-57,900
| Closed | -$8.48M |
|
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Tenere Capital's Q1 2023 Portfolio in Review
As of Q1 2023, Tenere Capital held 32 positions worth $191M, down 15% from $226M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Tenere Capital withdrew a net $58.6M in Q1 2023, closing 6 positions and reducing 16 holdings. Its most notable exit was SBA Communications, an estimated $13.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Tenere Capital opened a new position in Thermo Fisher Scientific worth $10.7M.
- Tenere Capital's largest Q1 2023 buy was Thermo Fisher Scientific: 18,500 shares worth $10.7M.
- Tenere Capital's biggest Q1 2023 reduction was Microsoft, cutting an estimated $8.7M.
- Tenere Capital fully exited SBA Communications in Q1 2023, selling an estimated $13.3M.
- Tenere Capital's ten largest holdings make up 49% of its $191M portfolio in Q1 2023.
- Tenere Capital opened 10 new positions and closed 6 in Q1 2023.
- Tenere Capital's portfolio value fell 15% quarter-over-quarter to $191M.
Based on Tenere Capital's 13F filing for Q1 2023, filed 15 May 2023.