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Tenor Capital Management Portfolio holdings

AUM $6.49B
1-Year Est. Return 3%
This Fund
S&P 500
This Quarter Est. Return
+0.03%
1 Year Est. Return
+3%
3 Year Est. Return
+3.9%
5 Year Est. Return
+4.41%
10 Year Est. Return
+12.14%
AUM
$5.62B
AUM Growth
+$943M
Cap. Flow
-$4.3B
Cap. Flow %
-76.58%
Top 10 Hldgs %
31.55%
Holding
409
New
8
Increased
1
Reduced
2
Closed
61

Top Buys

Rank Stock Value
1
SPKL
Spark I Acquisition Corp
SPKL
+$506K
2
ENGNW icon
enGene Therapeutics Warrants
ENGNW
+$89.7K
3
GB.WS
Global Blue Group Holding AG Warrants exercisable for one Ordinary Share of Global Blue Group Holding AG at a price of $11.50 per share
GB.WS
+$77.5K
4
VSTEW
Vast Renewables Limited Warrants
VSTEW
+$18.2K
5
FBYDW icon
Falcon's Beyond Global Warrants
FBYDW
+$14.5K

Top Sells

Rank Stock Value
1
RCAC
Revelstone Capital Acquisition Corp. Class A Common Stock
RCAC
+$14.4M
2
PGSS
Pegasus Digital Mobility Acquisition Corp.
PGSS
+$5.55M
3
SAMA
Schultze Special Purpose Acquisition Corp. II Class A Common Stock
SAMA
+$5.31M
4
SOAR icon
Volato Group
SOAR
+$4.3M
5
FRBN
Forbion European Acquisition Corp. Class A Ordinary Shares
FRBN
+$3.84M

Sector Composition

Rank Sector Weight
1 Financials 0.94%
2 Healthcare 0.08%
3 Technology 0.06%
4 Utilities 0.03%
5 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HYAC
26
DELISTED
Haymaker Acquisition Corp 4
HYAC
$515K 0.01%
50,099
– –
SPKL
27
Spark I Acquisition Corp
SPKL
$101M
$507K 0.01%
+50,000
New +$506K
ISRL
28
DELISTED
Israel Acquisitions Corp
ISRL
$376K 0.01%
35,000
– –
CLBTW
29
DELISTED
Cellebrite DI Ltd. Warrants
CLBTW
$212K ﹤0.01%
134,999
– –
GB.WS
30
DELISTED
Global Blue Group Holding AG Warrants exercisable for one Ordinary Share of Global Blue Group Holding AG at a price of $11.50 per share
GB.WS
$169K ﹤0.01%
2,420,831
+419,331
+21% +$77.5K
PETWW
31
DELISTED
Wag! Group Co Warrant
PETWW
$143K ﹤0.01%
990,000
– –
RNWWW
32
ReNew Energy Global PLC Warrant
RNWWW
$44.5K
$133K ﹤0.01%
116,666
– –
LNZAW icon
33
LanzaTech Global Warrant
LNZAW
$116K ﹤0.01%
235,341
– –
ENGNW icon
34
enGene Therapeutics Warrants
ENGNW
$99.2K ﹤0.01%
+116,666
New +$89.7K
SOC.WS
35
DELISTED
Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50
SOC.WS
$96.5K ﹤0.01%
50,000
– –
SKYH.WS icon
36
Sky Harbour Group Warrants
SKYH.WS
$21.4M
$93.8K ﹤0.01%
125,000
– –
GRND.WS
37
DELISTED
Grindr Inc. Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share
GRND.WS
$90.5K ﹤0.01%
50,000
– –
BYNOW
38
DELISTED
byNordic Acquisition Corporation Warrant
BYNOW
$89.1K ﹤0.01%
742,500
– –
THCH icon
39
TH International
THCH
$56.7M
$73.5K ﹤0.01%
8,400
– –
UHGWW
40
DELISTED
United Homes Group Warrant
UHGWW
$72.5K ﹤0.01%
75,000
– –
GCMGW
41
DELISTED
GCM Grosvenor Inc Warrant
GCMGW
$72.3K ﹤0.01%
200,902
– –
AERTW
42
Aeries Technology Warrant
AERTW
$68.3K ﹤0.01%
750,000
– –
BBAI.WS icon
43
BigBear.ai Holdings Warrant
BBAI.WS
$43.5M
$67.6K ﹤0.01%
200,000
– –
LVWR.WS icon
44
LiveWire Group Warrants
LVWR.WS
$5.09M
$65.2K ﹤0.01%
160,820
– –
AMBI.WS
45
DELISTED
Ambipar Emergency Response Warrants
AMBI.WS
$58.9K ﹤0.01%
150,000
– –
BAERW icon
46
Bridger Aerospace Warrant
BAERW
$8.48M
$58.1K ﹤0.01%
274,854
– –
PROCW
47
DELISTED
Procaps Group, S.A. Warrants
PROCW
$51.4K ﹤0.01%
400,000
– –
OCSAW
48
Oculis Holding AG Warrants
OCSAW
$50K ﹤0.01%
33,333
– –
ABLLW
49
DELISTED
Abacus Life Warrant
ABLLW
$46.6K ﹤0.01%
62,500
– –
CONXW
50
DELISTED
CONX Corp. Warrant
CONXW
$41.3K ﹤0.01%
135,000
– –
1
2
3 4 5

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BF
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BFS
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LAM
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OCM
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HFS
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PCH
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Tenor Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Tenor Capital Management held 409 positions worth $5.62B, up 20% from $4.68B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Tenor Capital Management withdrew a net $4.3B in Q4 2023, closing 61 positions and reducing 2 holdings. Its most notable exit was Revelstone Capital Acquisition Corp. Class A Common Stock, an estimated $14.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 0.94% of assets, down from 1.7% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Tenor Capital Management opened a new position in Spark I Acquisition Corp worth $507K.

  • Tenor Capital Management's largest Q4 2023 buy was Spark I Acquisition Corp: 50,000 shares worth $507K.
  • Tenor Capital Management added most to Global Blue Group Holding AG Warrants exercisable for one Ordinary Share of Global Blue Group Holding AG at a price of $11.50 per share in Q4 2023, an estimated $77.5K increase.
  • Tenor Capital Management's biggest Q4 2023 reduction was Pegasus Digital Mobility Acquisition Corp., cutting an estimated $5.55M.
  • Tenor Capital Management fully exited Revelstone Capital Acquisition Corp. Class A Common Stock in Q4 2023, selling an estimated $14.4M.
  • Tenor Capital Management's ten largest holdings make up 32% of its $5.62B portfolio in Q4 2023.
  • Tenor Capital Management opened 8 new positions and closed 61 in Q4 2023.
  • Tenor Capital Management's portfolio value rose 20% quarter-over-quarter to $5.62B.

Based on Tenor Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.