TENOR CAPITAL MANAGEMENT Co., L.P.
Filing Date
Global Rank
#1,558
/ 8,578
▲ 457
Top Industry
Shell Companies
96.8%
3Y Alpha vs SPY
-25.2%
Period ended 3 months ago
Filed May 15, 2026 · 31d
24 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-11.8%
SPY
+77.5%
Annualised alpha
-25.2%
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
146 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
2.3%
−1.2 pts
Top 5
9.2%
−4.7 pts
Top 10
16.8%
−8.0 pts
HHI
96
Diversified−59
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 91.6% | $1,142,561,790 |
| Unclassified | 5.8% | $72,331,941 |
| Industrials | 1.6% | $20,181,558 |
| Consumer Defensive | 1.0% | $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 | |
| LPCV | Launchpad Cadenza Acquisition Corp I | 1,250,000 | $12,375,000 | |
| ADAC | American Drive Acquisition Co | 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 | |
| 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 | |
| TWLV | Twelve Seas Investment Co III/Cayman | 800,000 | $7,896,000 | |
| SVIV | Spring Valley Acquisition Corp. IV | 800,000 | $7,896,000 | |
| No positions match the current search. | ||||
1 positions ·
$20,181,558 total
· Industrials only
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| HDRN |
Hadron Energy, Inc.
Industrials
|
Held | 1,894,982 | $20,181,558 | 100.00% |