1y return+3.9%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2024: $108 against $127 in the S&P 500.2
TENOR CAPITAL MANAGEMENT Co., L.P.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Alphabet IncCUSIP 02079K404 | $45.4M | 2.8% | New |
| Alphabet IncCUSIP 02079K602 | $45.1M | 2.8% | New |
| Churchill Capital Corp IxCUSIP G21301109 | $29.4M | 1.8% | |
| Armada Acquisition Corp IICUSIP G0R38G104 | $22.8M | 1.4% | |
| Gigcapital9 CorpCUSIP G3865B114 | $21.6M | 1.4% | |
| K&f Growth Acquisition CorpCUSIP G52258111 | $21.1M | 1.3% | |
| Gores Hldgs X IncCUSIP G4002F109 | $20.9M | 1.3% | |
| Titan Acquisition CorpCUSIP G8901A103 | $20.8M | 1.3% | |
| GOOGAlphabet Inc | $20.7M | 1.3% | New |
| GOOGLAlphabet Inc | $20.4M | 1.3% | New |
| Blue Acquisition Corp.CUSIP G1331A108 | $18.5M | 1.2% | +17.0% |
| Sizzle Acquisition Corp. IICUSIP G8193F109 | $18.1M | 1.1% | |
| Soulpower Acquisition CorpCUSIP G82745103 | $18.1M | 1.1% | |
| Silverbox Corp VCUSIP G8148S107 | $16.6M | 1.0% | |
| Fact II Acquisition CorpCUSIP G32901103 | $15.9M | 1.0% | |
| Hennessy Cap Invt Corp ViiCUSIP G4405D107 | $15.7M | 1.0% | |
| Fifth Era Acquisition Corp ICUSIP G3415K101 | $15.6M | 1.0% | |
| New Providence Acquisition CCUSIP G6476A102 | $15.6M | 1.0% | |
| Gigcapital8 CorpCUSIP G3864J100 | $15.1M | 0.9% | |
| Drugs Made In Amer Acq II CoCUSIP G2851K104 | $15.1M | 0.9% | |
| Yorkville Intl Cap CorpCUSIP G98665121 | $15.1M | 0.9% | New |
| Art Technology Acquisition CCUSIP G0579E103 | $14.9M | 0.9% | |
| Archimedes Tech Spac PartnerCUSIP G04537109 | $14.7M | 0.9% | −8.8% |
| Texas Ventures Acquisition ICUSIP G8772L105 | $14.7M | 0.9% | |
| Egh Acquisition Corp.CUSIP G2946P100 | $14.7M | 0.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Churchill Capital Corp IxCUSIP G21301109 | June 30, 2024 | +8.7% | $29.4M |
| Fact II Acquisition CorpCUSIP G32901103 | March 31, 2025 | +6.1% | $15.9M |
| Blue Acquisition Corp.CUSIP G1331A108 | September 30, 2025 | +6.1% | $18.5M |
| Archimedes Tech Spac PartnerCUSIP G04537109 | June 30, 2025 | +5.4% | $14.7M |
| Roman Dbdr Acquisition CorpCUSIP G7633M104 | March 31, 2025 | +5.0% | $11.7M |
| Texas Ventures Acquisition ICUSIP G8772L105 | June 30, 2025 | +4.6% | $14.7M |
| K&f Growth Acquisition CorpCUSIP G52258111 | June 30, 2025 | +3.6% | $21.1M |
| Titan Acquisition CorpCUSIP G8901A103 | June 30, 2025 | +3.3% | $20.8M |
| Columbus Circle Cap Corp IICUSIP G2296M103 | March 31, 2026 | +3.2% | $12.6M |
| Soulpower Acquisition CorpCUSIP G82745103 | June 30, 2025 | +3.1% | $18.1M |
Sold off last quarter
- Mountain Lake Acquisition CoCUSIP G6301B101 was $21.1M
- Gigcapital7 CorpCUSIP G38648104 was $20.2M
- Live Oak Acquisition Corp VCUSIP G5509P102 was $18.2M
- Cartesian Growth Corp IIICUSIP G19307100 was $15.4M
- Vine Hill Cap Invt Corp.CUSIP G93Y09107 was $12.5M
- A Paradise Acquisition CorpCUSIP G04819101 was $12.2M
- Tavia Acquisition CorpCUSIP G86880104 was $11.5M
- Legato Merger Corp IIICUSIP G5451A103 was $11.0M
- Gp-act III Acquisition CorpCUSIP G4035N103 was $8.1M
- Centurion Acquisition CorpCUSIP G20315100 was $8.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +2.1% | +14.8% |
| March 31, 2026 | +0.2% | −4.6% |
| December 31, 2025 | +0.7% | +2.4% |
| September 30, 2025 | +0.8% | +7.8% |
| June 30, 2025 | +3.9% | +10.5% |
| March 31, 2025 | −0.0% | −4.6% |
| September 30, 2024 | +2.1% | +5.4% |
| December 31, 2022 | +3.1% | +7.1% |
| September 30, 2022 | +0.5% | −5.3% |
| June 30, 2022 | −1.7% | −16.5% |
| March 31, 2022 | +31.7% | −4.9% |
| December 31, 2021 | −1.8% | +10.7% |
| September 30, 2021 | −0.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: TENOR CAPITAL MANAGEMENT Co., L.P. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1346554&type=13F-HR&dateb=&owner=include&count=40CIK 1346554
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1346554/000134655426000076/Filed August 14, 2026 · accession 0001346554-26-000076