TENOR CAPITAL MANAGEMENT Co., L.P.

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
438
Total value ($000)
$7,095,253
Net value change ($000)
-516,617 (-6.8%)
New positions
55
Sold out positions
26
Turnover %
47.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SBXE 16,599 NEW
MLAC 15,650 303.9%
DMII 14,850 NEW
GIW 14,835 NEW
SIDDHI ACQUISITION CORP 14,131 NEW
CHURCHILL CAPITAL CORP IX 13,659 90.7%
MESH 12,500 NEW
LPCV 12,475 NEW
ITHA 12,469 NEW
ADAC 12,463 NEW
Top Reduces (Value $000, Stocks/ETFs)
DMII -14,918 -100.0%
SDHI -14,158 -100.0%
MBAV -12,528 -100.0%
BDCI -11,363 -100.0%
MBVI -11,132 -100.0%
ANSC -10,910 -100.0%
SVAC -10,280 -100.0%
TRAILBLAZER ACQUISITION CORP -10,225 -100.0%
IREN -8,486 -62.7%
TLNC -8,039 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type