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TGM
Tenzing Global Management Portfolio holdings
AUM
$121M
1-Year Est. Return
85.62%
This Fund
S&P 500
This Quarter
Est. Return
+5.63%
1 Year Est. Return
+85.62%
3 Year Est. Return
+218.11%
5 Year Est. Return
+206.36%
10 Year Est. Return
–
AUM
$129M
AUM Growth
-$52.9M
(-29%)
Cap. Flow
-$62.9M
Cap. Flow
% of AUM
-48.96%
Top 10 Holdings %
Top 10 Hldgs %
96.02%
Holding
17
New
2
Increased
5
Reduced
5
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VSTO
Vista Outdoor Inc.
VSTO
|
+$12M |
| 2 |
Meta Platforms (Facebook)
META
|
+$8.14M |
| 3 |
Gogo Inc
GOGO
|
+$5.3M |
| 4 |
PayPal
PYPL
|
+$3.29M |
| 5 |
NXDR
Nextdoor Holdings
NXDR
|
+$3.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DoorDash
DASH
|
+$12.4M |
| 2 |
Uber
UBER
|
+$6.54M |
| 3 |
Yelp
YELP
|
+$4.97M |
| 4 |
Shutterstock
SSTK
|
+$3.81M |
| 5 |
Enphase Energy
ENPH
|
+$2.65M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 58.17% |
| 2 | Technology | 20.06% |
| 3 | Industrials | 10.07% |
| 4 | Financials | 4.54% |
| 5 | Consumer Discretionary | 1.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Gogo Inc
GOGO
$494M
| $30.4M | 23.65% |
3,000,000
+500,000
| +20% | +$5.3M |
|
|
2
Meta Platforms (Facebook)
META
$1.59T
| $22.1M | 17.21% |
62,500
+25,000
| +67% | +$8.14M |
|
|
3
Yelp
YELP
$1.36B
| $18.9M | 14.73% |
400,000
-112,500
| -22% | -$4.97M |
|
|
VSTO
4
DELISTED
Vista Outdoor Inc.
VSTO
| $12.9M | 10.07% |
+437,500
| New | +$12M |
|
|
5
Uber
UBER
$143B
| $10.8M | 8.38% |
175,000
-125,000
| -42% | -$6.54M |
|
6
PUT
Apple
AAPL
$4.76T
| $6.74M | 5.24% |
35,000
-92,500
| -73% | -$17.1M |
|
7
Yext
YEXT
$496M
| $6.18M | 4.81% |
1,050,000
+125,000
| +14% | +$769K |
|
8
Arista Networks
ANET
$221B
| $6.18M | 4.81% |
105,000
+14,508
| +16% | +$762K |
|
|
9
PayPal
PYPL
$48.8B
| $5.83M | 4.54% |
95,000
+57,500
| +153% | +$3.29M |
|
|
NXDR
10
Nextdoor Holdings
NXDR
$877M
| $3.31M | 2.57% |
+1,750,000
| New | +$3.09M |
|
|
11
Enphase Energy
ENPH
$5.27B
| $2.64M | 2.06% |
20,000
-25,000
| -56% | -$2.65M |
|
|
12
DoorDash
DASH
$77.5B
| $2.47M | 1.92% |
25,000
-140,000
| -85% | -$12.4M |
|
13
Microvast
MVST
$300M
| – | – |
-875,000
| Closed | -$1.65M |
|
14
PUT
Invesco QQQ Trust
QQQ
$470B
| – | – |
-125,000
| Closed | -$44.8M |
|
15
QuantumScape Corp
QS
$3.64B
| – | – |
-100,000
| Closed | -$669K |
|
|
16
Shutterstock
SSTK
$269M
| – | – |
-100,000
| Closed | -$3.81M |
|
|
VMEO
17
DELISTED
Vimeo
VMEO
| – | – |
-500,000
| Closed | -$1.77M |
|
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Tenzing Global Management's Q4 2023 Portfolio in Review
As of Q4 2023, Tenzing Global Management held 17 positions worth $129M, down 29% from $181M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Tenzing Global Management withdrew a net $62.9M in Q4 2023, closing 5 positions and reducing 5 holdings. Its most notable exit was Shutterstock, an estimated $3.81M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 58% of assets, up from 36% a quarter earlier, followed by Technology and Industrials.
Against the trend, Tenzing Global Management opened a new position in Vista Outdoor Inc. worth $12.9M.
- Tenzing Global Management's largest Q4 2023 buy was Vista Outdoor Inc.: 437,500 shares worth $12.9M.
- Tenzing Global Management added most to Meta Platforms (Facebook) in Q4 2023, an estimated $8.14M increase.
- Tenzing Global Management's biggest Q4 2023 reduction was DoorDash, cutting an estimated $12.4M.
- Tenzing Global Management fully exited Shutterstock in Q4 2023, selling an estimated $3.81M.
- Tenzing Global Management's ten largest holdings make up 96% of its $129M portfolio in Q4 2023.
- Tenzing Global Management opened 2 new positions and closed 5 in Q4 2023.
- Tenzing Global Management's portfolio value fell 29% quarter-over-quarter to $129M.
Based on Tenzing Global Management's 13F filing for Q4 2023, filed 14 Feb 2024.