We are live on ! Find out more
TCM

Tenor Capital Management Portfolio holdings

AUM $6.49B
1-Year Est. Return 3%
This Fund
S&P 500
This Quarter Est. Return
+0.37%
1 Year Est. Return
+3%
3 Year Est. Return
+3.9%
5 Year Est. Return
+4.41%
10 Year Est. Return
+12.14%
AUM
$7.41B
AUM Growth
+$397M
Cap. Flow
-$4.77B
Cap. Flow %
-64.38%
Top 10 Hldgs %
22.71%
Holding
384
New
86
Increased
12
Reduced
5
Closed
23

Top Buys

Rank Stock Value
1
CHAC
Crane Harbor Acquisition Corp
CHAC
+$21.6M
2
GTEN
Gores Holdings X
GTEN
+$20.5M
3
KFII
K&F Growth Acquisition Corp II
KFII
+$20.1M
4
TACH
Titan Acquisition Corp
TACH
+$20.1M
5
LOKV
Live Oak Acquisition Corp V
LOKV
+$18M

Top Sells

Rank Stock Value
1
KFIIU
K&F Growth Acquisition Corp II Unit
KFIIU
+$20.2M
2
ATIIU
Archimedes Tech SPAC Partners II Co Unit
ATIIU
+$15.2M
3
LOKVU
Live Oak Acquisition Corp V Units
LOKVU
+$15.1M
4
HVIIU
Hennessy Capital Investment Corp VII Unit
HVIIU
+$15.1M
5
FERAU
Fifth Era Acquisition Corp I Units
FERAU
+$15.1M

Sector Composition

Rank Sector Weight
1 Financials 6.89%
2 Industrials 0.29%
3 Technology 0.09%
4 Healthcare 0.03%
5 Utilities 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GRPN icon
226
Groupon
GRPN
$1.02B
– –
-29,150
Closed -$547K
ITGR icon
227
Integer Holdings
ITGR
$4.26B
– –
-41,188
Closed -$4.86M
LDTCW
228
DELISTED
LeddarTech Holdings Inc. Warrants
LDTCW
– –
-33,333
Closed -$2.02K
SATLW icon
229
Satellogic Inc Warrant
SATLW
$79M
– –
-91,779
Closed -$41.4K
VSTEW
230
DELISTED
Vast Renewables Limited Warrants
VSTEW
– –
-150,000
Closed -$5.08K
ZCARW
231
DELISTED
Zoomcar Holdings, Inc. Warrants
ZCARW
– –
-200,000
Closed -$2.76K
CEP
232
DELISTED
Cantor Equity Partners
CEP
– –
-100,000
Closed -$1.07M
HVIIU
233
Hennessy Capital Investment Corp VII Unit
HVIIU
– –
-1,500,000
Closed -$15.1M
KFIIU
234
K&F Growth Acquisition Corp II Unit
KFIIU
– –
-2,000,000
Closed -$20.2M
ATIIU
235
Archimedes Tech SPAC Partners II Co Unit
ATIIU
– –
-1,500,000
Closed -$15.2M
IPEXU
236
Inflection Point Acquisition Corp V Units
IPEXU
– –
-125,000
Closed -$1.27M
RAC.U
237
Rithm Acquisition Corp Units
RAC.U
– –
-300,000
Closed -$3.03M
FERAU
238
Fifth Era Acquisition Corp I Units
FERAU
– –
-1,500,000
Closed -$15.1M
LOKVU
239
DELISTED
Live Oak Acquisition Corp V Units
LOKVU
– –
-1,500,000
Closed -$15.1M
NHICU
240
NewHold Investment Corp III Units
NHICU
$215M
– –
-800,000
Closed -$8.06M
GSHRU
241
Gesher Acquisition Corp II Units
GSHRU
– –
-769,478
Closed -$7.72M
PITAW
242
DELISTED
Heramba Electric plc Warrants
PITAW
– –
-618,750
Closed -$6.25K
ML.WS
243
DELISTED
MoneyLion Inc. Warrants, each whole warrant exercisable 1/30th of a share of Class A common stock at an exercise price of $345.00 per whole share
ML.WS
– –
-141,750
Closed -$37.6K
SST.WS
244
DELISTED
System1, Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
SST.WS
– –
-60,750
Closed -$1.21K
KDK
245
Kodiak AI
KDK
$865M
– –
-100,000
Closed -$1.11M
6 7 8 9
10

Similar funds

HI
Harbour Investments Madison, Wisconsin $6.48B AUM 18.23% 1-Year Est. Return
CG
Carmignac Gestion Paris, France $6.51B AUM 19.13% 1-Year Est. Return
BF
BOK Financial Tulsa, Oklahoma $6.54B AUM 25.41% 1-Year Est. Return
BFS
Bradley Foster & Sargent Hartford, Connecticut $6.44B AUM 25.27% 1-Year Est. Return
LAM
Lyrical Asset Management New York $6.56B AUM 20.06% 1-Year Est. Return
OCM
Oaktree Capital Management Los Angeles, California $6.56B AUM 42.97% 1-Year Est. Return
HFS
Hantz Financial Services Southfield, Michigan $6.56B AUM 16.11% 1-Year Est. Return
PCH
PGIM Custom Harvest Newark, New Jersey $6.4B AUM 18.53% 1-Year Est. Return

Tenor Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Tenor Capital Management held 384 positions worth $7.41B, up 5.7% from $7.02B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Tenor Capital Management withdrew a net $4.77B in Q2 2025, closing 23 positions and reducing 5 holdings. Its most notable exit was K&F Growth Acquisition Corp II Unit, an estimated $20.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.9% of assets, up from 1.7% a quarter earlier, followed by Industrials and Technology.

Against the trend, Tenor Capital Management opened a new position in Crane Harbor Acquisition Corp worth $21.8M.

  • Tenor Capital Management's largest Q2 2025 buy was Crane Harbor Acquisition Corp: 2,160,000 shares worth $21.8M.
  • Tenor Capital Management added most to Legato Merger Corp III in Q2 2025, an estimated $10.2M increase.
  • Tenor Capital Management's biggest Q2 2025 reduction was Cantor Equity Partners I, cutting an estimated $9.52M.
  • Tenor Capital Management fully exited K&F Growth Acquisition Corp II Unit in Q2 2025, selling an estimated $20.2M.
  • Tenor Capital Management's ten largest holdings make up 23% of its $7.41B portfolio in Q2 2025.
  • Tenor Capital Management opened 86 new positions and closed 23 in Q2 2025.
  • Tenor Capital Management's portfolio value rose 5.7% quarter-over-quarter to $7.41B.

Based on Tenor Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.