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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
-2.77%
1 Year Est. Return
+42.13%
3 Year Est. Return
+131.42%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$260M
AUM Growth
+$56.1M
(+28%)
Cap. Flow
+$64.8M
Cap. Flow
% of AUM
24.94%
Top 10 Holdings %
Top 10 Hldgs %
54.11%
Holding
37
New
10
Increased
12
Reduced
4
Closed
11
Avg Time Held
2.4
quarters
Top 10 Avg Time Held
1.8
quarters
Top 20 Avg Time Held
2.5
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$32M |
| 2 |
Intuitive Surgical
ISRG
|
+$13.1M |
| 3 |
Boeing
BA
|
+$11.3M |
| 4 |
Oracle
ORCL
|
+$10.5M |
| 5 |
Microsoft
MSFT
|
+$7.92M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Palo Alto Networks
PANW
|
+$9.91M |
| 2 |
Intuit
INTU
|
+$7.61M |
| 3 |
Prologis
PLD
|
+$7.3M |
| 4 |
Boston Scientific
BSX
|
+$6.97M |
| 5 |
Estee Lauder
EL
|
+$6.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.66% |
| 2 | Communication Services | 14.09% |
| 3 | Healthcare | 13.42% |
| 4 | Miscellaneous | 11.84% |
| 5 | Industrials | 11.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Blackstone
BX
$84.6B
| $5.05M | 1.94% |
47,100
-32,100
| -41% | -$3.34M |
2023 Q2
1 quarter
|
|
27
Becton Dickinson
BDX
$49.8B
| – | – |
-19,870
| Closed | -$5.25M | – |
|
|
28
Boston Scientific
BSX
$60.9B
| – | – |
-128,900
| Closed | -$6.97M | – |
|
|
29
Estee Lauder
EL
$34.2B
| – | – |
-32,423
| Closed | -$6.37M | – |
|
30
Intel
INTC
$566B
| – | – |
-91,500
| Closed | -$3.06M | – |
|
|
31
Intuit
INTU
$81.2B
| – | – |
-16,600
| Closed | -$7.61M | – |
|
32
Nike
NKE
$51.6B
| – | – |
-53,570
| Closed | -$5.91M | – |
|
|
33
Palo Alto Networks
PANW
$326B
| – | – |
-77,532
| Closed | -$9.91M | – |
|
|
34
Prologis
PLD
$123B
| – | – |
-59,488
| Closed | -$7.3M | – |
|
35
SLB Ltd
SLB
$72.7B
| – | – |
-114,810
| Closed | -$5.64M | – |
|
36
Snowflake
SNOW
$121B
| – | – |
-25,500
| Closed | -$4.49M | – |
|
37
Zoetis
ZTS
$30.2B
| – | – |
-17,700
| Closed | -$3.05M | – |
|
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Tenere Capital's Q3 2023 Portfolio in Review
As of Q3 2023, Tenere Capital held 37 positions worth $260M, up 28% from $204M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Tenere Capital deployed $64.8M of net new capital in Q3 2023, opening 10 new positions and adding to 12 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 72,000 shares worth $30.8M.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 31% a quarter earlier, followed by Communication Services and Healthcare.
On the sell side, the largest reduction was Blackstone, an estimated $3.34M trimmed.
- Tenere Capital's largest Q3 2023 buy was State Street SPDR S&P 500 ETF Trust: 72,000 shares worth $30.8M.
- Tenere Capital added most to Microsoft in Q3 2023, an estimated $7.92M increase.
- Tenere Capital's biggest Q3 2023 reduction was Blackstone, cutting an estimated $3.34M.
- Tenere Capital fully exited Palo Alto Networks in Q3 2023, selling an estimated $9.91M.
- Tenere Capital's ten largest holdings make up 54% of its $260M portfolio in Q3 2023.
- Tenere Capital opened 10 new positions and closed 11 in Q3 2023.
- Tenere Capital's portfolio value rose 28% quarter-over-quarter to $260M.
Based on Tenere Capital's 13F filing for Q3 2023, filed 15 Nov 2023.