TENOR CAPITAL MANAGEMENT Co., L.P.
Filing Date
Global Rank
#1,480
/ 8,622
▲ 428
· as of Mar 2026
Top Industry
Shell Companies
93.8%
3Y Alpha vs SPY
-24.0%
Period ended 4 months ago
Filed May 15, 2026 · 3mo
24 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
-12.9%
SPY
+67.9%
Annualised alpha
-23.4%
Max drawdown
−26.8%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
162 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
2.1%
−1.0 pts
Top 5
8.4%
−4.0 pts
Top 10
15.5%
−7.2 pts
HHI
86
Diversified−49
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 90.5% | $1,242,381,077 |
| Unclassified | 5.3% | $72,331,941 |
| Industrials | 3.3% | $45,724,058 |
| Consumer Defensive | 0.9% | $12,213,750 |
| Technology | 0.0% | $306,400 |
| Healthcare | 0.0% | $195,000 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
4 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BCAR | D. Boral ARC Acquisition I Corp. | +750,000 | 1,000,000 | $10,120,000 | |
| EGHA | EGH Acquisition Corp. | +725,000 | 1,425,000 | $14,549,250 | |
| FACT | FACT II Acquisition Corp. | +500,000 | 1,500,000 | $15,750,000 | |
| BACC | Blue Acquisition Corp/Cayman | +175,975 | 1,493,127 | $15,244,826 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AEXA | American Exceptionalism Acquisition Corp. A | −27,140 | 300,000 | $3,249,000 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GIX | GigCapital9 Corp. | 2,178,000 | $21,409,740 | |
| SBXE | SilverBox Corp V | 1,650,000 | $16,368,000 | |
| ARTC | Art Technology Acquisition Corp. | 1,500,000 | $14,715,000 | |
| BIXI | Bitcoin Infrastructure Acquisition Corp Ltd | 1,250,000 | $12,400,000 | |
| ITHA | ITHAX Acquisition Corp III | 1,250,000 | $12,375,000 | |
| ADAC | American Drive Acquisition Co | 1,250,000 | $12,375,000 | |
| LPCV | Launchpad Cadenza Acquisition Corp I | 1,250,000 | $12,375,000 | |
| MESH | Meshflow Acquisition Corp | 1,250,000 | $12,362,500 | |
| HCIC | Hennessy Capital Investment Corp. VIII | 1,200,000 | $11,796,000 | |
| SORN | Soren Acquisition Corp. | 1,125,000 | $11,115,000 | |
| CRAN | Crane Harbor Acquisition Corp. II | 1,100,000 | $10,901,000 | |
| PTOR | Praetorian Acquisition Corp. | 1,100,000 | $10,780,000 | |
| MLAA | Mountain Lake Acquisition Corp. II | 1,059,588 | $10,436,941 | |
| ALUB | Alussa Energy Acquisition Corp. II | 1,000,000 | $9,980,000 | |
| CAQ | Cambridge Acquisition Corp. | 1,000,000 | $9,870,000 | |
| LEGO | Legato Merger Corp. IV | 995,466 | $9,865,068 | |
| ARCI | Archimedes Tech SPAC Partners III Co. | 1,000,000 | $9,850,000 | |
| BIII | Black Spade Acquisition III Co | 1,000,000 | $9,840,000 | |
| ALOV | Aldabra 4 Liquidity Opportunity Vehicle, Inc. | 1,000,000 | $9,830,000 | |
| IRAB | Iris Acquisition Corp II | 1,000,000 | $9,820,000 | |
| ZKP | Lafayette Digital Acquisition Corp. I | 900,000 | $8,874,000 | |
| MEVO | M Evo Global Acquisition Corp II | 900,000 | $8,865,000 | |
| SAC | Safeguard Acquisition Corp. | 800,000 | $7,968,000 | |
| HCAC | Hall Chadwick Acquisition Corp | 800,000 | $7,944,000 | |
| GPAC | General Purpose Acquisition Corp. | 800,000 | $7,928,000 | |
| No positions match the current search. | ||||
162 tracked positions ·
$1,373,152,226 total
· as of Mar 31, 2026
Showing 1–50
of 162 positions by value
· page 1 of 4
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CCIX |
Churchill Capital Corp IX/Cayman
Financial Services
|
Held | 2,702,188 | $28,859,367 | 2.10% | |
| XRPN |
Armada Acquisition Corp. II
Financial Services
|
Held | 2,185,000 | $22,527,350 | 1.64% | |
| GIX |
GigCapital9 Corp.
Financial Services
|
NEW | 2,178,000 | $21,409,740 | 1.56% | |
| MLAC |
Mountain Lake Acquisition Corp.
|
Reduced | 2,000,000 | $21,060,000 | 1.53% | |
| KFII |
K&F Growth Acquisition Corp. II
Financial Services
|
Held | 2,001,000 | $20,870,430 | 1.52% | |
| TACH |
Titan Acquisition Corp.
Financial Services
|
Held | 2,000,000 | $20,580,000 | 1.50% | |
| GTEN |
Gores Holdings X, Inc. / CI
Financial Services
|
Held | 2,000,000 | $20,480,000 | 1.49% | |
| HDRN |
Hadron Energy, Inc.
Industrials
|
Held | 1,894,982 | $20,181,558 | 1.47% | |
| TMS |
Teamshares Inc
Financial Services
|
Held | 1,750,000 | $18,200,000 | 1.33% | |
| SZZL |
Sizzle Acquisition Corp. II
Financial Services
|
Held | 1,750,000 | $17,990,000 | 1.31% | |
| SOUL |
Soulpower Acquisition Corp.
Financial Services
|
Held | 1,750,000 | $17,937,500 | 1.31% | |
| SBXE |
SilverBox Corp V
Financial Services
|
NEW | 1,650,000 | $16,368,000 | 1.19% | |
| FACT |
FACT II Acquisition Corp.
|
Added | 1,500,000 | $15,750,000 | 1.15% | |
| ATII |
Archimedes Tech SPAC Partners II Co.
Financial Services
|
Held | 1,500,000 | $15,615,000 | 1.14% | |
| HVII |
Hennessy Capital Investment Corp. VII
Financial Services
|
Held | 1,500,000 | $15,525,000 | 1.13% | |
| FERA |
Fifth Era Acquisition Corp I
Financial Services
|
Held | 1,500,000 | $15,450,000 | 1.13% | |
| NPAC |
New Providence Acquisition Corp. III/Cayman
Financial Services
|
Held | 1,500,000 | $15,390,000 | 1.12% | |
| FAC |
Factorial Energy Inc.
Industrials
|
Held | 1,500,000 | $15,382,500 | 1.12% | |
| BACC |
Blue Acquisition Corp/Cayman
Financial Services
|
Added | 1,493,127 | $15,244,826 | 1.11% | |
| DMII |
Drugs Made In America Acquisition II Corp.
Financial Services
|
Held | 1,500,000 | $14,955,000 | 1.09% | |
| GIW |
GigCapital8 Corp.
Financial Services
|
Held | 1,500,000 | $14,955,000 | 1.09% | |
| ARTC |
Art Technology Acquisition Corp.
|
NEW | 1,500,000 | $14,715,000 | 1.07% | |
| EGHA |
EGH Acquisition Corp.
Financial Services
|
Added | 1,425,000 | $14,549,250 | 1.06% | |
| TVA |
Texas Ventures Acquisition III Corp
Financial Services
|
Held | 1,396,956 | $14,514,372 | 1.06% | |
| SDHI |
Siddhi Acquisition Corp (Cayman Islands)
Financial Services
|
Held | 1,374,599 | $14,213,353 | 1.04% | |
| RAAQ |
Real Asset Acquisition Corp.
Financial Services
|
Held | 1,250,000 | $13,125,000 | 0.96% | |
| EVAC |
EQV Ventures Acquisition Corp. II
Financial Services
|
Held | 1,300,000 | $13,117,000 | 0.96% | |
| DAAQ |
Digital Asset Acquisition Corp.
Financial Services
|
Held | 1,250,000 | $12,800,000 | 0.93% | |
| IPCX |
Inflection Point Acquisition Corp. III
Financial Services
|
Held | 1,250,000 | $12,768,750 | 0.93% | |
| VCIC |
Vine Hill Capital Investment Corp.
Financial Services
|
Held | 1,136,371 | $12,500,081 | 0.91% | |
| GSHR |
Gesher Acquisition Corp. II
Financial Services
|
Held | 1,200,000 | $12,432,000 | 0.91% | |
| BIXI |
Bitcoin Infrastructure Acquisition Corp Ltd
Financial Services
|
NEW | 1,250,000 | $12,400,000 | 0.90% | |
| LPCV |
Launchpad Cadenza Acquisition Corp I
Financial Services
|
NEW | 1,250,000 | $12,375,000 | 0.90% | |
| ADAC |
American Drive Acquisition Co
Financial Services
|
NEW | 1,250,000 | $12,375,000 | 0.90% | |
| ITHA |
ITHAX Acquisition Corp III
Financial Services
|
NEW | 1,250,000 | $12,375,000 | 0.90% | |
| MESH |
Meshflow Acquisition Corp
Financial Services
|
NEW | 1,250,000 | $12,362,500 | 0.90% | |
| ENHA |
Enhanced Group Inc.
Consumer Defensive
|
Held | 1,200,000 | $12,204,000 | 0.89% | |
| CRAQ |
Cal Redwood Acquisition Corp.
Financial Services
|
Held | 1,200,000 | $12,180,000 | 0.89% | |
| HCIC |
Hennessy Capital Investment Corp. VIII
Financial Services
|
NEW | 1,200,000 | $11,796,000 | 0.86% | |
| DRDB |
Roman DBDR Acquisition Corp. II
Financial Services
|
Held | 1,110,000 | $11,621,700 | 0.85% | |
| TAVI |
Tavia Acquisition Corp.
Financial Services
|
Held | 1,090,000 | $11,510,400 | 0.84% | |
| BDCI |
BTC Development Corp.
Financial Services
|
Held | 1,125,000 | $11,238,750 | 0.82% | |
| SORN |
Soren Acquisition Corp.
Financial Services
|
NEW | 1,125,000 | $11,115,000 | 0.81% | |
| MBVI |
M3-Brigade Acquisition VI Corp.
Financial Services
|
Held | 1,100,000 | $11,055,000 | 0.81% | |
| LEGT |
Legato Merger Corp. III
Financial Services
|
Held | 1,000,000 | $10,990,000 | 0.80% | |
| CRAN |
Crane Harbor Acquisition Corp. II
Financial Services
|
NEW | 1,100,000 | $10,901,000 | 0.79% | |
| PTOR |
Praetorian Acquisition Corp.
Financial Services
|
NEW | 1,100,000 | $10,780,000 | 0.79% | |
| MLAA |
Mountain Lake Acquisition Corp. II
|
NEW | 1,059,588 | $10,436,941 | 0.76% | |
| NHIC |
NewHold Investment Corp. III
|
Held | 1,000,000 | $10,370,000 | 0.76% | |
| CCAQ |
Collective Acquisition Corp.
Financial Services
|
Held | 1,000,000 | $10,330,000 | 0.75% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.