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Tenor Capital Management Portfolio holdings
AUM
$7.09B
Turnover
16.75%
1-Year Est. Return
3.55%
This Fund
S&P 500
This Quarter
Est. Return
+0.4%
1 Year Est. Return
+3.55%
3 Year Est. Return
+4.73%
5 Year Est. Return
+5.18%
10 Year Est. Return
+13.14%
AUM
$7.41B
AUM Growth
+$397M
(+5.7%)
Cap. Flow
-$4.77B
Cap. Flow
% of AUM
-64.38%
Top 10 Holdings %
Top 10 Hldgs %
22.71%
Holding
384
New
86
Increased
12
Reduced
5
Closed
23
Avg Time Held
1.2
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CHAC
Crane Harbor Acquisition Corp
CHAC
|
+$21.6M |
| 2 |
Gores Holdings X
GTEN
|
+$20.5M |
| 3 |
K&F Growth Acquisition Corp II
KFII
|
+$20.1M |
| 4 |
Titan Acquisition Corp
TACH
|
+$20.1M |
| 5 |
LOKV
Live Oak Acquisition Corp V
LOKV
|
+$18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
K&F Growth Acquisition Corp II Unit
KFIIU
|
+$20.2M |
| 2 |
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 |
Fifth Era Acquisition Corp I Units
FERAU
|
+$15.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.57% |
| 2 | Financials | 7% |
| 3 | Industrials | 0.29% |
| 4 | Technology | 0.09% |
| 5 | Healthcare | 0.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
CHAC
1
DELISTED
Crane Harbor Acquisition Corp
CHAC
| $21.8M | 0.29% |
+2,160,000
| New | +$21.6M |
2025 Q2
0 quarters
|
|
|
2
Gores Holdings X
GTEN
$469M
| $20.5M | 0.28% |
+2,000,000
| New | +$20.5M |
2025 Q2
0 quarters
|
|
|
3
K&F Growth Acquisition Corp II
KFII
$420M
| $20.4M | 0.27% |
+2,000,000
| New | +$20.1M |
2025 Q2
0 quarters
|
|
|
4
Titan Acquisition Corp
TACH
$364M
| $20.2M | 0.27% |
+2,000,000
| New | +$20.1M |
2025 Q2
0 quarters
|
|
|
LOKV
5
DELISTED
Live Oak Acquisition Corp V
LOKV
| $18.7M | 0.25% |
+1,750,000
| New | +$18M |
2025 Q2
0 quarters
|
|
6
Texas Ventures Acquisition III Corp
TVA
$318M
| $17.7M | 0.24% |
+1,750,000
| New | +$17.6M |
2025 Q2
0 quarters
|
|
7
Sizzle Acquisition Corp II
SZZL
$328M
| $17.6M | 0.24% |
+1,750,000
| New | +$17.5M |
2025 Q2
0 quarters
|
|
8
Soulpower Acquisition Corp
SOUL
$357M
| $17.3M | 0.23% |
+1,750,000
| New | +$17.4M |
2025 Q2
0 quarters
|
|
9
Archimedes Tech SPAC Partners II Co
ATII
$262M
| $15.3M | 0.21% |
+1,500,000
| New | +$15.1M |
2025 Q2
0 quarters
|
|
|
XRPNU
10
DELISTED
Armada Acquisition Corp II Units
XRPNU
| $15.3M | 0.21% |
+1,500,000
| New | +$15.1M |
2025 Q2
0 quarters
|
|
11
New Providence Acquisition Corp III
NPAC
$403M
| $15.3M | 0.21% |
+1,500,000
| New | +$15.5M |
2025 Q2
0 quarters
|
|
|
HVII
12
DELISTED
Hennessy Capital Investment Corp VII
HVII
| $15.2M | 0.21% |
+1,500,000
| New | +$15M |
2025 Q2
0 quarters
|
|
|
13
Fifth Era Acquisition Corp I
FERA
$330M
| $15.2M | 0.21% |
+1,500,000
| New | +$15.1M |
2025 Q2
0 quarters
|
|
|
FAC
14
Factorial Energy Inc
FAC
$516M
| $15M | 0.2% |
+1,500,000
| New | +$15M |
2025 Q2
0 quarters
|
|
15
Siddhi Acquisition Corp Unit
SDHIU
| $14.2M | 0.19% |
+1,374,599
| New | +$13.9M |
2025 Q2
0 quarters
|
|
16
Digital Asset Acquisition Corp
DAAQ
$241M
| $13.1M | 0.18% |
+1,250,000
| New | +$13.2M |
2025 Q2
0 quarters
|
|
|
IPCX
17
DELISTED
Inflection Point Acquisition Corp III
IPCX
| $12.7M | 0.17% |
+1,250,000
| New | +$12.8M |
2025 Q2
0 quarters
|
|
|
RAAQ
18
DELISTED
Real Asset Acquisition Corp
RAAQ
| $12.7M | 0.17% |
+1,250,000
| New | +$12.7M |
2025 Q2
0 quarters
|
|
19
Cal Redwood Acquisition Corp Units
CRAQU
| $12.3M | 0.17% |
+1,200,000
| New | +$12.1M |
2025 Q2
0 quarters
|
|
20
Gesher Acquisition Corp. II Class A Ordinary Shares
GSHR
| $12.1M | 0.16% |
+1,200,000
| New | +$12.1M |
2025 Q2
0 quarters
|
|
21
Blue Acquisition Corp Unit
BACCU
$196M
| $12M | 0.16% |
+1,200,000
| New | +$12.1M |
2025 Q2
0 quarters
|
|
22
Roman DBDR Acquisition Corp II
DRDB
$329M
| $11.4M | 0.15% |
1,110,000
| – | – |
2025 Q1
1 quarter
|
|
|
ANSC
23
DELISTED
Agriculture & Natural Solutions Acquisition Corp
ANSC
| $10.8M | 0.15% |
+1,000,000
| New | +$10.7M |
2025 Q2
0 quarters
|
|
|
LEGT
24
DELISTED
Legato Merger Corp III
LEGT
| $10.7M | 0.14% |
1,000,000
+960,000
| +2,400% | +$10.2M |
2024 Q2
4 quarters
|
|
|
CCCXU
25
DELISTED
Churchill Capital Corp X Unit
CCCXU
| $10.3M | 0.14% |
+1,000,000
| New | +$10.4M |
2025 Q2
0 quarters
|
|
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SAM
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 Miscellaneous at 93% of assets, down from 98% a quarter earlier, followed by Financials and Industrials.
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.