Managers / Q1 2026
Tenere Capital LLC
CIK 0001849517 · 256 W. 14TH ST., 9TH FLOOR, NEW YORK, NY, 10011 · 303-376-4800
Summary
Tenere Capital LLC reported $136M in U.S.-listed holdings across 22 positions for Q1 2026.
Its largest position, NVDA, represents 9.9% of the portfolio.
Compared with Q4 2025, the fund opened 4 new positions and exited 4.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 84.7% · $115M
- Other · 8.3% · $11M
- ADR · 7.0% · $10M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ASML HOLDING N.V. NEW YORK REGISTRY SHAR | NEW | +8.0K | 8.0K | +$11M | $11M |
| INTCINTEL CORP | NEW | +111.0K | 111.0K | +$5M | $5M |
| SHOPSHOPIFY INC - CLASS A | NEW | +41.0K | 41.0K | +$5M | $5M |
| CSXCSX CORP | NEW | +93.3K | 93.3K | +$4M | $4M |
| METAMETA PLATFORMS INC | ADDED | +16.7K | 22.5K | +$9M | $13M |
| LLYELI LILLY & CO | ADDED | +4.0K | 6.6K | +$3M | $6M |
| GENERAL ELECTRIC | ADDED | +20.0K | 33.4K | +$5M | $9M |
| DHRDANAHER CORP | SOLD OUT | −34.6K | 0 | −$8M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $136M | 22 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $129M | 22 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025REVEALED | $846M | 41 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $390M | 19 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $363M | 21 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $378M | 23 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $376M | 26 | Nov 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $337M | 28 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $336M | 27 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $306M | 21 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $260M | 26 | Nov 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $204M | 27 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | Under review | 26 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | Under review | 22 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $206M | 22 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $212M | 20 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | Under review | 23 | May 17, 2022 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2021 | $251.8B | 25 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.