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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
+0.58%
1 Year Est. Return
+42.13%
3 Year Est. Return
+131.42%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$136M
AUM Growth
+$7.32M
(+5.7%)
Cap. Flow
+$13.6M
Cap. Flow
% of AUM
9.98%
Top 10 Holdings %
Top 10 Hldgs %
67.2%
Holding
26
New
4
Increased
7
Reduced
10
Closed
4
Avg Time Held
4.1
quarters
Top 10 Avg Time Held
1.1
quarters
Top 20 Avg Time Held
4.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ASML
ASML
|
+$10.9M |
| 2 |
Meta Platforms (Facebook)
META
|
+$10.7M |
| 3 |
GE Aerospace
GE
|
+$6.28M |
| 4 |
Shopify
SHOP
|
+$5.39M |
| 5 |
Intel
INTC
|
+$5.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$7.93M |
| 2 |
Capital One
COF
|
+$7.2M |
| 3 |
IQVIA
IQV
|
+$3.88M |
| 4 |
Goldman Sachs
GS
|
+$3.69M |
| 5 |
Amazon
AMZN
|
+$3.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 50.87% |
| 2 | Industrials | 16.72% |
| 3 | Financials | 13.49% |
| 4 | Communication Services | 12.12% |
| 5 | Healthcare | 4.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.57T
| $13.5M | 9.89% |
77,311
+26,316
| +52% | +$4.83M |
2024 Q3
6 quarters
|
|
|
2
Meta Platforms (Facebook)
META
$1.84T
| $12.9M | 9.42% |
22,464
+16,664
| +287% | +$10.7M |
2022 Q3
14 quarters
|
|
3
Apple
AAPL
$4.97T
| $11.4M | 8.39% |
45,061
-1,701
| -4% | -$443K |
2024 Q1
8 quarters
|
|
|
4
ASML
ASML
$680B
| $10.5M | 7.7% |
+7,950
| New | +$10.9M |
2026 Q1
0 quarters
|
|
5
TSMC
TSM
$2.38T
| $9.58M | 7.02% |
28,338
-827
| -3% | -$285K |
2025 Q4
1 quarter
|
|
|
6
GE Aerospace
GE
$317B
| $9.49M | 6.96% |
33,435
+19,974
| +148% | +$6.28M |
2025 Q4
1 quarter
|
|
7
Analog Devices
ADI
$197B
| $6.33M | 4.64% |
19,908
+2,299
| +13% | +$731K |
2025 Q4
1 quarter
|
|
8
Blackrock
BLK
$165B
| $6.3M | 4.62% |
6,554
-2,158
| -25% | -$2.27M |
2024 Q3
6 quarters
|
|
9
Eli Lilly
LLY
$1.04T
| $6.06M | 4.44% |
6,590
+3,958
| +150% | +$4.01M |
2025 Q4
1 quarter
|
|
10
Applied Materials
AMAT
$404B
| $5.61M | 4.11% |
16,417
+1,939
| +13% | +$652K |
2025 Q4
1 quarter
|
|
11
Caterpillar
CAT
$366B
| $5.26M | 3.86% |
7,429
+978
| +15% | +$677K |
2025 Q4
1 quarter
|
|
|
12
Intel
INTC
$566B
| $4.9M | 3.59% |
+110,962
| New | +$5.09M |
2026 Q1
0 quarters
|
|
|
13
Goldman Sachs
GS
$257B
| $4.89M | 3.59% |
5,783
-4,135
| -42% | -$3.69M |
2024 Q4
5 quarters
|
|
|
14
Shopify
SHOP
$212B
| $4.86M | 3.56% |
+40,984
| New | +$5.39M |
2026 Q1
0 quarters
|
|
15
Visa
V
$704B
| $4.33M | 3.17% |
14,316
-9,936
| -41% | -$3.19M |
2021 Q4
17 quarters
|
|
16
GE Vernova
GEV
$266B
| $4.22M | 3.09% |
4,829
-414
| -8% | -$323K |
2025 Q4
1 quarter
|
|
17
CSX Corp
CSX
$87.7B
| $3.83M | 2.81% |
+93,323
| New | +$3.66M |
2026 Q1
0 quarters
|
|
18
Alphabet (Google) Class A
GOOGL
$4.26T
| $3.67M | 2.69% |
12,769
-8,928
| -41% | -$2.81M |
2025 Q4
1 quarter
|
|
|
19
Amazon
AMZN
$2.74T
| $3.23M | 2.36% |
15,485
-16,155
| -51% | -$3.56M |
2024 Q4
5 quarters
|
|
20
Microsoft
MSFT
$3.88T
| $2.67M | 1.96% |
7,215
-1,775
| -20% | -$743K |
2021 Q4
17 quarters
|
|
21
Coinbase
COIN
$45.4B
| $2.07M | 1.51% |
11,831
-8,125
| -41% | -$1.6M |
2025 Q3
2 quarters
|
|
|
KLAR
22
Klarna Group
KLAR
$5.1B
| $807K | 0.59% |
57,984
| – | – |
2025 Q3
2 quarters
|
|
23
Autodesk
ADSK
$48.8B
| – | – |
-4,579
| Closed | -$1.36M | – |
|
|
24
Capital One
COF
$122B
| – | – |
-29,708
| Closed | -$7.2M | – |
|
|
25
Danaher
DHR
$153B
| – | – |
-34,648
| Closed | -$7.93M | – |
|
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Tenere Capital's Q1 2026 Portfolio in Review
As of Q1 2026, Tenere Capital held 26 positions worth $136M, up 5.7% from $129M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Tenere Capital deployed $13.6M of net new capital in Q1 2026, opening 4 new positions and adding to 7 existing holdings. Its largest new stake was ASML: 7,950 shares worth $10.5M.
By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 35% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Goldman Sachs, an estimated $3.69M trimmed.
- Tenere Capital's largest Q1 2026 buy was ASML: 7,950 shares worth $10.5M.
- Tenere Capital added most to Meta Platforms (Facebook) in Q1 2026, an estimated $10.7M increase.
- Tenere Capital's biggest Q1 2026 reduction was Goldman Sachs, cutting an estimated $3.69M.
- Tenere Capital fully exited Danaher in Q1 2026, selling an estimated $7.93M.
- Tenere Capital's ten largest holdings make up 67% of its $136M portfolio in Q1 2026.
- Tenere Capital opened 4 new positions and closed 4 in Q1 2026.
- Tenere Capital's portfolio value rose 5.7% quarter-over-quarter to $136M.
Based on Tenere Capital's 13F filing for Q1 2026, filed 15 May 2026.