TENOR CAPITAL MANAGEMENT Co., L.P.
Filing Date
Global Rank
#1,485
/ 8,603
▲ 454
· as of Mar 2026
Top Industry
Shell Companies
94.4%
3Y Alpha vs SPY
-25.0%
Period ended 3 months ago
Filed May 15, 2026 · 55d
24 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-12.8%
SPY
+76.5%
Annualised alpha
-25.3%
Max drawdown
−27.0%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
158 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
2.1%
−1.1 pts
Top 5
8.5%
−4.2 pts
Top 10
15.8%
−7.6 pts
HHI
88
Diversified−53
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 91.0% | $1,225,511,840 |
| Unclassified | 5.4% | $72,331,941 |
| Industrials | 2.6% | $35,564,058 |
| 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. | ||||
158 positions ·
$1,346,122,989 total
· as of Mar 31, 2026
Showing 1–50
of 158 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 | 2.14% | |
| XRPN |
Armada Acquisition Corp. II
Financial Services
|
Held | 2,185,000 | $22,527,350 | 1.67% | |
| GIX |
GigCapital9 Corp.
Financial Services
|
NEW | 2,178,000 | $21,409,740 | 1.59% | |
| MLAC |
Mountain Lake Acquisition Corp.
|
Reduced | 2,000,000 | $21,060,000 | 1.56% | |
| KFII |
K&F Growth Acquisition Corp. II
Financial Services
|
Held | 2,001,000 | $20,870,430 | 1.55% | |
| TACH |
Titan Acquisition Corp.
Financial Services
|
Held | 2,000,000 | $20,580,000 | 1.53% | |
| GTEN |
Gores Holdings X, Inc. / CI
Financial Services
|
Held | 2,000,000 | $20,480,000 | 1.52% | |
| HDRN |
Hadron Energy, Inc.
Industrials
|
Held | 1,894,982 | $20,181,558 | 1.50% | |
| TMS |
Teamshares Inc
Financial Services
|
Held | 1,750,000 | $18,200,000 | 1.35% | |
| SZZL |
Sizzle Acquisition Corp. II
Financial Services
|
Held | 1,750,000 | $17,990,000 | 1.34% | |
| SOUL |
Soulpower Acquisition Corp.
Financial Services
|
Held | 1,750,000 | $17,937,500 | 1.33% | |
| SBXE |
SilverBox Corp V
Financial Services
|
NEW | 1,650,000 | $16,368,000 | 1.22% | |
| FACT |
FACT II Acquisition Corp.
|
Added | 1,500,000 | $15,750,000 | 1.17% | |
| ATII |
Archimedes Tech SPAC Partners II Co.
Financial Services
|
Held | 1,500,000 | $15,615,000 | 1.16% | |
| HVII |
Hennessy Capital Investment Corp. VII
Financial Services
|
Held | 1,500,000 | $15,525,000 | 1.15% | |
| FERA |
Fifth Era Acquisition Corp I
Financial Services
|
Held | 1,500,000 | $15,450,000 | 1.15% | |
| NPAC |
New Providence Acquisition Corp. III/Cayman
Financial Services
|
Held | 1,500,000 | $15,390,000 | 1.14% | |
| FAC |
Factorial Energy Inc.
Industrials
|
Held | 1,500,000 | $15,382,500 | 1.14% | |
| BACC |
Blue Acquisition Corp/Cayman
Financial Services
|
Added | 1,493,127 | $15,244,826 | 1.13% | |
| DMII |
Drugs Made In America Acquisition II Corp.
Financial Services
|
Held | 1,500,000 | $14,955,000 | 1.11% | |
| GIW |
GigCapital8 Corp.
Financial Services
|
Held | 1,500,000 | $14,955,000 | 1.11% | |
| ARTC |
Art Technology Acquisition Corp.
|
NEW | 1,500,000 | $14,715,000 | 1.09% | |
| EGHA |
EGH Acquisition Corp.
Financial Services
|
Added | 1,425,000 | $14,549,250 | 1.08% | |
| TVA |
Texas Ventures Acquisition III Corp
Financial Services
|
Held | 1,396,956 | $14,514,372 | 1.08% | |
| SDHI |
Siddhi Acquisition Corp (Cayman Islands)
Financial Services
|
Held | 1,374,599 | $14,213,353 | 1.06% | |
| RAAQ |
Real Asset Acquisition Corp.
Financial Services
|
Held | 1,250,000 | $13,125,000 | 0.98% | |
| EVAC |
EQV Ventures Acquisition Corp. II
Financial Services
|
Held | 1,300,000 | $13,117,000 | 0.97% | |
| DAAQ |
Digital Asset Acquisition Corp.
Financial Services
|
Held | 1,250,000 | $12,800,000 | 0.95% | |
| IPCX |
Inflection Point Acquisition Corp. III
Financial Services
|
Held | 1,250,000 | $12,768,750 | 0.95% | |
| VCIC |
Vine Hill Capital Investment Corp.
Financial Services
|
Held | 1,136,371 | $12,500,081 | 0.93% | |
| GSHR |
Gesher Acquisition Corp. II
Financial Services
|
Held | 1,200,000 | $12,432,000 | 0.92% | |
| BIXI |
Bitcoin Infrastructure Acquisition Corp Ltd
Financial Services
|
NEW | 1,250,000 | $12,400,000 | 0.92% | |
| LPCV |
Launchpad Cadenza Acquisition Corp I
Financial Services
|
NEW | 1,250,000 | $12,375,000 | 0.92% | |
| ADAC |
American Drive Acquisition Co
Financial Services
|
NEW | 1,250,000 | $12,375,000 | 0.92% | |
| ITHA |
ITHAX Acquisition Corp III
Financial Services
|
NEW | 1,250,000 | $12,375,000 | 0.92% | |
| MESH |
Meshflow Acquisition Corp
Financial Services
|
NEW | 1,250,000 | $12,362,500 | 0.92% | |
| ENHA |
Enhanced Group Inc.
Consumer Defensive
|
Held | 1,200,000 | $12,204,000 | 0.91% | |
| CRAQ |
Cal Redwood Acquisition Corp.
Financial Services
|
Held | 1,200,000 | $12,180,000 | 0.90% | |
| HCIC |
Hennessy Capital Investment Corp. VIII
Financial Services
|
NEW | 1,200,000 | $11,796,000 | 0.88% | |
| DRDB |
Roman DBDR Acquisition Corp. II
Financial Services
|
Held | 1,110,000 | $11,621,700 | 0.86% | |
| TAVI |
Tavia Acquisition Corp.
Financial Services
|
Held | 1,090,000 | $11,510,400 | 0.86% | |
| BDCI |
BTC Development Corp.
Financial Services
|
Held | 1,125,000 | $11,238,750 | 0.83% | |
| SORN |
Soren Acquisition Corp.
Financial Services
|
NEW | 1,125,000 | $11,115,000 | 0.83% | |
| MBVI |
M3-Brigade Acquisition VI Corp.
Financial Services
|
Held | 1,100,000 | $11,055,000 | 0.82% | |
| LEGT |
Legato Merger Corp. III
Financial Services
|
Held | 1,000,000 | $10,990,000 | 0.82% | |
| CRAN |
Crane Harbor Acquisition Corp. II
Financial Services
|
NEW | 1,100,000 | $10,901,000 | 0.81% | |
| PTOR |
Praetorian Acquisition Corp.
Financial Services
|
NEW | 1,100,000 | $10,780,000 | 0.80% | |
| MLAA |
Mountain Lake Acquisition Corp. II
|
NEW | 1,059,588 | $10,436,941 | 0.78% | |
| NHIC |
NewHold Investment Corp. III
|
Held | 1,000,000 | $10,370,000 | 0.77% | |
| CCAQ |
Collective Acquisition Corp.
Financial Services
|
Held | 1,000,000 | $10,330,000 | 0.77% |