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
BEAG
51
Bold Eagle Acquisition Corp
BEAG
$335M
$6.28M 0.08%
600,000
– –
TONT
52
Graf Global Corp
TONT
$153M
$6.28M 0.08%
600,020
+200,020
+50% +$2.07M
JACS
53
Jackson Acquisition Co II
JACS
$317M
$6.18M 0.08%
600,000
+200,000
+50% +$2.04M
OBAWU
54
Oxley Bridge Acquisition Ltd Unit
OBAWU
$6.01M 0.08%
+600,000
New +$6.01M
PACHU
55
Pioneer Acquisition I Corp Units
PACHU
$6M 0.08%
+600,000
New +$6M
CYBR
56
DELISTED
CyberArk
CYBR
$5.98M 0.08%
+14,700
New +$5.36M
HYAC
57
DELISTED
Haymaker Acquisition Corp 4
HYAC
$5.55M 0.07%
500,000
+449,901
+898% +$4.97M
CCIR
58
DELISTED
Cohen Circle Acquisition Corp. I Class A Ordinary Shares
CCIR
$5.45M 0.07%
497,116
-2,884
-0.6% -$33.5K
CEPO
59
Cantor Equity Partners I
CEPO
$272M
$5.36M 0.07%
450,000
-818,007
-65% -$9.52M
HDRN
60
Hadron Energy
HDRN
$123M
$5.27M 0.07%
+507,699
New +$5.21M
MLAC
61
DELISTED
Mountain Lake Acquisition Corp
MLAC
$5.13M 0.07%
500,000
– –
LPBB
62
Launch Two Acquisition Corp
LPBB
$310M
$5.11M 0.07%
489,947
+239,947
+96% +$2.47M
RANG
63
Range Capital Acquisition Corp
RANG
$23.2M
$5.1M 0.07%
500,000
– –
IREN icon
64
Iris Energy
IREN
$14.7B
$5.1M 0.07%
349,879
+195,200
+126% +$1.59M
KCHVU
65
Kochav Defense Acquisition Corp Units
KCHVU
$245M
$5.09M 0.07%
+500,000
New +$5.05M
CAEP
66
DELISTED
Cantor Equity Partners III
CAEP
$4.48M 0.06%
+425,000
New +$4.47M
RTAC
67
Renatus Tactical Acquisition Corp I
RTAC
$326M
$3.54M 0.05%
+300,000
New +$3.45M
CEPT
68
DELISTED
Cantor Equity Partners II
CEPT
$3.31M 0.04%
+300,000
New +$3.39M
OACC
69
Oaktree Acquisition Corp III Life Sciences
OACC
$3.13M 0.04%
300,000
– –
VACH
70
DELISTED
Voyager Acquisition Corp
VACH
$3.12M 0.04%
300,000
– –
RAC
71
Rithm Acquisition Corp
RAC
$309M
$3.06M 0.04%
+300,000
New +$3.02M
FIGXU
72
FIGX Capital Acquisition Corp Units
FIGXU
$140M
$3M 0.04%
+300,000
New +$3M
WLAC
73
DELISTED
Willow Lane Acquisition Corp
WLAC
$2.93M 0.04%
285,956
+100,040
+54% +$1.01M
CUB
74
Lionheart Holdings
CUB
$284M
$2.63M 0.04%
250,000
– –
NTWO
75
Newbury Street II Acquisition Corp
NTWO
$2.57M 0.03%
249,418
– –
1 2
3
4 5

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.