TENOR CAPITAL MANAGEMENT Co., L.P.
•CIK: 1346554•Filing: Q4 2025
TENOR CAPITAL MANAGEMENT Co., L.P., led by co-founders and partners including the well-regarded investment strategist David Tepper, manages $7.1 billion with a focus on distressed and special situations, currently holding 438 positions. Recently, the fund has made notable moves by adding TDBCP, MS-PL, and BCLYF, while exiting STT-PG, and significantly increasing stakes in BK-PK and OILU, reflecting its opportunistic and high-conviction investment style.
Total AUM
$1.2B
QoQ Performance
+28.4%
Positions
216
Top 10 Concentration
17.2%
Latest Filing
Q4 2025
Top Holdings Allocation
CHURCHILL2.4%
ARMADA1.9%
MOUNTAIN1.7%
K&F1.7%
TITAN1.7%
GORES1.7%
GIGCAPITAL71.7%
LIVE1.5%
📈 Biggest Buys
—
SILVERBOX CORP V
NEW
1.4% of portfolio
—
MOUNTAIN LAKE ACQUISITION CO
+300.0%
1.7% of portfolio
—
DRUGS MADE IN AMER ACQ II CO
NEW
1.2% of portfolio
—
GIGCAPITAL8 CORP
NEW
1.2% of portfolio
—
SIDDHI ACQUISITION CORP
NEW
1.2% of portfolio
📉 Biggest Sells
—
CRANE HBR ACQUISITION CORP
-32.2%
1.3% of portfolio
—
IREN LIMITED
-53.6%
0.4% of portfolio
—
TEXAS VENTURES ACQUISITION I
-20.2%
1.2% of portfolio
—
AMERICAN EXCEPTIONALISM ACQU
-36.3%
0.3% of portfolio
—
CANTOR EQUITY PARTNERS II IN
-42.3%
0.2% of portfolio
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
—
DRUGS MADE IN AMER ACQ II CO
SOLD
$14.9M
—
SIDDHI ACQUISITION CORP
SOLD
$14.2M
—
M3BRIGADE ACQUISITION V CORP
SOLD
$12.5M
—
BTC DEV CORP
SOLD
$11.4M
—
M3-BRIGADE ACQUISITION VI CO
SOLD
$11.1M
+138 more exited positions
Changes from Q3 2025
NEW69 new positions
↑6 increased
↓10 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023