Tenere Capital LLC

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
22
Total value ($000)
$129,054
Net value change ($000)
-292,844 (-69.4%)
New positions
11
Sold out positions
9
Turnover %
165.6%
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)
TSM 8,863 NEW
COF 7,200 NEW
GOOGL 6,791 NEW
ADI 4,776 NEW
GE 4,146 NEW
IQV 3,879 NEW
AMAT 3,721 NEW
CAT 3,696 NEW
GEV 3,427 NEW
LLY 2,829 NEW
Top Reduces (Value $000, Stocks/ETFs)
BX -32,849 -100.0%
MSFT -27,642 -86.4%
AMZN -26,261 -78.2%
V -25,964 -75.3%
NFLX -23,914 -100.0%
META -22,247 -85.3%
UBER -18,976 -100.0%
NVDA -18,365 -65.9%
NOW -18,222 -100.0%
GS -17,161 -66.3%
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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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type