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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
-10.17%
1 Year Est. Return
+42.13%
3 Year Est. Return
+131.42%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$363M
AUM Growth
-$14.1M
(-3.7%)
Cap. Flow
+$25.9M
Cap. Flow
% of AUM
7.13%
Top 10 Holdings %
Top 10 Hldgs %
60.13%
Holding
26
New
3
Increased
14
Reduced
4
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ServiceNow
NOW
|
+$17M |
| 2 |
Adobe
ADBE
|
+$15.4M |
| 3 |
Danaher
DHR
|
+$14M |
| 4 |
Home Depot
HD
|
+$14M |
| 5 |
NVIDIA
NVDA
|
+$11.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$18.5M |
| 2 |
Equinix
EQIX
|
+$16.9M |
| 3 |
Broadcom
AVGO
|
+$15.6M |
| 4 |
Datadog
DDOG
|
+$13.8M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$11.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.2% |
| 2 | Financials | 24.8% |
| 3 | Consumer Discretionary | 15.21% |
| 4 | Industrials | 12.4% |
| 5 | Communication Services | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Procore
PCOR
$9.57B
| – | – |
-68,900
| Closed | -$5.16M |
|
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Tenere Capital's Q1 2025 Portfolio in Review
As of Q1 2025, Tenere Capital held 26 positions worth $363M, down 3.7% from $378M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Tenere Capital deployed $25.9M of net new capital in Q1 2025, opening 3 new positions and adding to 14 existing holdings. Its largest new stake was ServiceNow: 88,000 shares worth $14M.
By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 37% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $11.7M trimmed.
- Tenere Capital's largest Q1 2025 buy was ServiceNow: 88,000 shares worth $14M.
- Tenere Capital added most to Danaher in Q1 2025, an estimated $14M increase.
- Tenere Capital's biggest Q1 2025 reduction was Alphabet (Google) Class A, cutting an estimated $11.7M.
- Tenere Capital fully exited Marvell Technology in Q1 2025, selling an estimated $18.5M.
- Tenere Capital's ten largest holdings make up 60% of its $363M portfolio in Q1 2025.
- Tenere Capital opened 3 new positions and closed 5 in Q1 2025.
- Tenere Capital's portfolio value fell 3.7% quarter-over-quarter to $363M.
Based on Tenere Capital's 13F filing for Q1 2025, filed 15 May 2025.