Tenere Capital LLC

CIK

1849517

Location

NEW YORK, NY

Portfolio Value

Small $136,325,002

Diversification

Diversified

Filing Date

Global Rank

#5,054 / 8,592 ▲ 273

Top Industry

Semiconductors 25.2%

3Y Alpha vs SPY

-6.8%

Period ended 3 months ago

Filed May 15, 2026 · 35d

18 quarters · since Dec 2021

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+48.7%

SPY

+76.8%

Annualised alpha

-6.8%

Max drawdown

−27.3%

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

22 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.9%

+0.0 pts

Top 5

42.4%

+4.4 pts

Top 10

67.2%

−0.1 pts

HHI

594

Diversified+29

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	50.9%	$69,370,242	9
Industrials	16.7%	$22,797,141	4
Financial Services	13.5%	$18,347,094	5
Communication Services	12.1%	$16,524,181	2
Healthcare	4.4%	$6,061,284	1
Consumer Cyclical	2.4%	$3,225,060	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	+26,316	77,311	$13,483,038
GE	General Electric Co	+19,974	33,435	$9,487,849
META	Meta Platforms, Inc.	+16,664	22,464	$12,852,328
LLY	ELI LILLY & Co	+3,958	6,590	$6,061,284
ADI	Analog Devices Inc	+2,299	19,908	$6,333,531
AMAT	Applied Materials Inc /De	+1,939	16,417	$5,611,166
CAT	Caterpillar Inc	+978	7,429	$5,263,149
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
AMZN	Amazon Com Inc	−16,155	15,485	$3,225,060
V	Visa Inc.	−9,936	14,316	$4,326,867
GOOGL	Alphabet Inc.	−8,928	12,769	$3,671,853
COIN	Coinbase Global, Inc.	−8,125	11,831	$2,065,810
GS	Goldman Sachs Group Inc	−4,135	5,783	$4,892,360
BLK	BlackRock, Inc.	−2,158	6,554	$6,303,047
MSFT	Microsoft Corp	−1,775	7,215	$2,670,776
AAPL	Apple Inc.	−1,701	45,061	$11,436,031
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−827	28,338	$9,576,827
GEV	GE Vernova Inc.	−414	4,829	$4,215,234
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
ASML	Asml Holding NV	7,950	$10,500,598
INTC	Intel Corp	110,962	$4,896,753
SHOP	Shopify Inc.	40,984	$4,861,522
CSX	Csx Corp	93,323	$3,830,909
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
DHR	Danaher Corp /De/	34,648	$7,931,620
COF	Capital One Financial Corp	29,708	$7,200,030
IQV	Iqvia Holdings Inc.	17,210	$3,879,306
ADSK	Autodesk, Inc.	4,579	$1,355,429
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

22 positions · $136,325,002 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	77,311	+26,316	$13,483,038	+41.8%	9.89%
META	Meta Platforms, Inc. Communication Services	Added	22,464	+16,664	$12,852,328	+235.7%	9.43%
AAPL	Apple Inc. Technology	Reduced	45,061	-1,701	$11,436,031	−10.0%	8.39%
ASML	Asml Holding NV Technology	NEW	7,950	NEW	$10,500,598	NEW	7.70%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	28,338	-827	$9,576,827	+8.1%	7.02%
GE	General Electric Co Industrials	Added	33,435	+19,974	$9,487,849	+128.8%	6.96%
ADI	Analog Devices Inc Technology	Added	19,908	+2,299	$6,333,531	+32.6%	4.65%
BLK	BlackRock, Inc. Financial Services	Reduced	6,554	-2,158	$6,303,047	−32.4%	4.62%
LLY	ELI LILLY & Co Healthcare	Added	6,590	+3,958	$6,061,284	+114.3%	4.45%
AMAT	Applied Materials Inc /De Technology	Added	16,417	+1,939	$5,611,166	+50.8%	4.12%
CAT	Caterpillar Inc Industrials	Added	7,429	+978	$5,263,149	+42.4%	3.86%
INTC	Intel Corp Technology	NEW	110,962	NEW	$4,896,753	NEW	3.59%
GS	Goldman Sachs Group Inc Financial Services	Reduced	5,783	-4,135	$4,892,360	−43.9%	3.59%
SHOP	Shopify Inc. Technology	NEW	40,984	NEW	$4,861,522	NEW	3.57%
V	Visa Inc. Financial Services	Reduced	14,316	-9,936	$4,326,867	−49.1%	3.17%
GEV	GE Vernova Inc. Industrials	Reduced	4,829	-414	$4,215,234	+23.0%	3.09%
CSX	Csx Corp Industrials	NEW	93,323	NEW	$3,830,909	NEW	2.81%
GOOGL	Alphabet Inc. Communication Services	Reduced	12,769	-8,928	$3,671,853	−45.9%	2.69%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	15,485	-16,155	$3,225,060	−55.8%	2.37%
MSFT	Microsoft Corp Technology	Reduced	7,215	-1,775	$2,670,776	−38.6%	1.96%
COIN	Coinbase Global, Inc. Financial Services	Reduced	11,831	-8,125	$2,065,810	−54.2%	1.52%
KLAR	Klarna Group plc Financial Services	Held	57,984	0	$759,010	−54.7%	0.56%