Tenere Capital LLC
SEC Form 13F institutional filer · CIK 0001849517
13F-HR · 18 reported holdings · 2026-03-31
Reported long-US-equity value
$0.11B
Top-10 concentration
73.9%
Tenere Capital LLC — $111M AUM allocation strategy
Tenere Capital LLC files SEC Form 13F and reports $111M of long US equity value across 18 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 40.2%, followed by Industrials 20.6% and Financials 15.9%.
The top 10 holdings account for 74% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Tenere Capital LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$111M
total across 18 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
74% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$NVDA +26.3K sh · +$3.97M+$GE +20K sh · +$5.34M+$META +16.7K sh · +$9.02M
Biggest trims (shares)
−$AMZN −16.2K sh · −$4.08M−$V −9.94K sh · −$4.18M−$GOOG −8.93K sh · −$3.12M
Exited to nil (held last quarter, gone now)
$DHR ($7.93M last qtr)$COF ($7.2M last qtr)$IQV ($3.88M last qtr)$ADSK ($1.36M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors22.3%—
- Interactive Media & Services14.9%—
- Technology Hardware, Storage & Peripherals10.3%—
- Aerospace & Defense8.6%—
- Asset Management & Custody Banks5.7%—
- Pharmaceuticals5.5%—
- Semiconductor Materials & Equipment5.1%—
- Construction Machinery & Heavy Transportation Equipment4.8%—
- Other holdings22.8%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 77.3K | $13.5M | +26.3K | 12.2% |
| $META | Meta Platforms Inc | 22.5K | $12.9M | +16.7K | 11.6% |
| $AAPL | Apple Inc | 45.1K | $11.4M | -1.7K | 10.3% |
| $GE | GE Aerospace | 33.4K | $9.49M | +20K | 8.6% |
| $ADI | Analog Devices Inc | 19.9K | $6.33M | +2.3K | 5.7% |
| $BLK | BlackRock Inc | 6.55K | $6.3M | -2.16K | 5.7% |
| $LLY | Eli Lilly and Company | 6.59K | $6.06M | +3.96K | 5.5% |
| $AMAT | Applied Materials Inc | 16.4K | $5.61M | +1.94K | 5.1% |
| $CAT | Caterpillar Inc | 7.43K | $5.26M | +978 | 4.8% |
| $INTC | Intel Corporation | 111K | $4.9M | — | 4.4% |
…and 8 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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