Tenor Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ACT.PRA
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
|
+$10.5M |
| 2 |
CSCI
COSCIENS Biopharma Inc. Common Stock
CSCI
|
+$3.28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TMUSP
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
|
+$10.5M |
| 2 |
MannKind Corp
MNKD
|
+$3.59M |
| 3 |
TQNT
TRIQUINT SEMICONDUCTOR INC
TQNT
|
+$758K |
| 4 |
MCP
MOLYCORP INC COM STK
MCP
|
+$260K |
| 5 |
AXPW
AXION PWR INTL INC COM STK (DE)
AXPW
|
+$135K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 1.62% |
| 2 | Materials | 0.09% |
| 3 | Technology | 0.01% |
| 4 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ACT.PRA
1
DELISTED
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
| $10.3M | 1.78% |
+10,000
| New | +$10.5M |
|
|
2
MannKind Corp
MNKD
$1.21B
| $6.32M | 1.09% |
243,012
-119,038
| -33% | -$3.59M |
|
|
CSCI
3
DELISTED
COSCIENS Biopharma Inc. Common Stock
CSCI
| $3.07M | 0.53% |
+573
| New | +$3.28M |
|
|
MCP
4
DELISTED
MOLYCORP INC COM STK
MCP
| $517K | 0.09% |
1,342,341
-400,000
| -23% | -$260K |
|
|
SPPI
5
PUT
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $378K | 0.07% |
+62,300
| New | +$414K |
|
|
CVM.WS
6
DELISTED
Cel-Sci Corp Series S
CVM.WS
| $202K | 0.03% |
629,750
-70,250
| -10% | -$15.8K |
|
|
SCON
7
DELISTED
Superconductor Technologies Inc.
SCON
| $31K | 0.01% |
15
| – | – |
|
8
Lightbridge
LTBR
$265M
| $13K | ﹤0.01% |
179
-55
| -24% | -$4.34K |
|
|
TMUSP
9
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
| – | – |
-200,000
| Closed | -$10.5M |
|
|
AXPW
10
DELISTED
AXION PWR INTL INC COM STK (DE)
AXPW
| – | – |
-4,100
| Closed | -$135K |
|
|
TQNT
11
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| – | – |
-27,500
| Closed | -$758K |
|
Similar funds
Tenor Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Tenor Capital Management held 52 positions worth $579M, up 54% from $377M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Tenor Capital Management withdrew a net $298M in Q1 2015, closing 3 positions and reducing 4 holdings. Its most notable exit was T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A, an estimated $10.5M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 1.6% of assets, down from 2.5% a quarter earlier, followed by Materials and Technology.
Against the trend, Tenor Capital Management opened a new position in ACTAVIS PLC Pfd Conv Ser A (Irl) worth $10.3M.
- Tenor Capital Management's largest Q1 2015 buy was ACTAVIS PLC Pfd Conv Ser A (Irl): 10,000 shares worth $10.3M.
- Tenor Capital Management's biggest Q1 2015 reduction was MannKind Corp, cutting an estimated $3.59M.
- Tenor Capital Management fully exited T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A in Q1 2015, selling an estimated $10.5M.
- Tenor Capital Management's ten largest holdings make up 61% of its $579M portfolio in Q1 2015.
- Tenor Capital Management opened 3 new positions and closed 3 in Q1 2015.
- Tenor Capital Management's portfolio value rose 54% quarter-over-quarter to $579M.
Based on Tenor Capital Management's 13F filing for Q1 2015, filed 15 May 2015.