Q2 2026 13F · SEC CIK 1849517
Tenere Capital LLC
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $125.9M
- Reported positions
- 23
- Top holdings a year, 3 yrs
- +15.1%
- Assets under management
- $241.1M
Tenere Capital LLC is a hedge fund that reported 23 positions worth $125.9M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Nvidia Corporation (NVDA, 10.6%), Ge Aerospace (GE, 7.8%), Goldman Sachs Group Inc (GS, 6.2%). A portfolio copying its top holdings returned 15.1% a year over the last 3 years, against 20.4% for the S&P 500.
Tenere Capital LLC holdings all 23 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| NVDANvidia Corporation | 10.6% | -13.7% | $13.4M |
| GEGe Aerospace | 7.8% | -21.0% | $9.9M |
| GSGoldman Sachs Group Inc | 6.2% | +34.4% | $7.9M |
| CSXCsx Corp | 6.1% | +72.0% | $7.6M |
| AMATApplied Matls Inc | 5.9% | -37.1% | $7.5M |
| HLTHilton Worldwide Hldgs Inc | 5.1% | — | $6.4M |
| VVisa Inc | 4.9% | +26.5% | $6.2M |
| TSMTaiwan Semiconductor Manufac | 4.6% | -56.8% | $5.8M |
| MTNVail Resorts Inc | 4.4% | — | $5.5M |
| GOOGLAlphabet Inc | 4.4% | +20.1% | $5.5M |
| AAPLApple Inc | 4.3% | -58.0% | $5.5M |
| CSCOCisco Sys Inc | 4.2% | — | $5.2M |
| TMOThermo Fisher Scientific Inc | 3.6% | — | $4.6M |
| COFCapital One Finl Corp | 3.6% | — | $4.6M |
| LLYEli Lilly & Co | 3.5% | -44.7% | $4.4M |
| AMZNAmazon Com Inc | 3.3% | +11.5% | $4.1M |
| UNHUnitedhealth Group Inc | 3.0% | — | $3.8M |
| METAMeta Platforms Inc | 2.7% | -73.2% | $3.4M |
| EQIXEquinix Inc | 2.5% | — | $3.1M |
| DOCNDigitalocean Hldgs Inc | 2.4% | — | $3.0M |
| SHOPShopify Inc | 2.3% | -37.3% | $2.9M |
| ASMLAsml Hldg NV | 2.3% | -81.7% | $2.9M |
| ADIAnalog Devices Inc | 2.2% | -65.4% | $2.7M |
What Tenere Capital LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- HLT Hilton Worldwide Hldgs Inc5.1% of 13F
- MTN Vail Resorts Inc4.4% of 13F
- CSCO Cisco Sys Inc4.2% of 13F
- TMO Thermo Fisher Scientific Inc3.6% of 13F
- COF Capital One Finl Corp3.6% of 13F
- UNH Unitedhealth Group Inc3.0% of 13F
- EQIX Equinix Inc2.5% of 13F
- DOCN Digitalocean Hldgs Inc2.4% of 13F
Added to
- CSX Csx Corp+72.0% shares
- GS Goldman Sachs Group Inc+34.4% shares
- V Visa Inc+26.5% shares
- GOOGL Alphabet Inc+20.1% shares
- AMZN Amazon Com Inc+11.5% shares
Reduced
- ASML Asml Hldg NV-81.7% shares
- META Meta Platforms Inc-73.2% shares
- ADI Analog Devices Inc-65.4% shares
- AAPL Apple Inc-58.0% shares
- TSM Taiwan Semiconductor Manufac-56.8% shares
- LLY Eli Lilly & Co-44.7% shares
- SHOP Shopify Inc-37.3% shares
- AMAT Applied Matls Inc-37.1% shares
Sold out
- BLK Blackrock Incwas 4.6%
- CAT Caterpillar Incwas 3.9%
- INTC Intel Corpwas 3.6%
- GEV Ge Vernova Incwas 3.1%
- MSFT Microsoft Corpwas 2.0%
- COIN Coinbase Global Incwas 1.5%
- KLAR Klarna Group PLCwas 0.6%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +2.4% /yr
- S&P 500 +20.1%
- 3 years
- +15.1% /yr
- S&P 500 +20.4%
- 5 years
- +7.6% /yr
- S&P 500 +13.0%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $125.9M | 23 |
| Q1 2026 | $136.4M | 22 |
| Q4 2025 | $129.1M | 22 |
| Q3 2025 | $421.9M | 20 |
| Q2 2025 | $390.5M | 19 |
| Q1 2025 | $363.4M | 21 |
| Q4 2024 | $377.6M | 23 |
| Q3 2024 | $376.2M | 26 |
| Q2 2024 | $336.9M | 28 |
| Q1 2024 | $335.9M | 27 |
| Q4 2023 | $306.0M | 21 |
| Q3 2023 | $260.0M | 26 |
Questions about Tenere Capital LLC's portfolio
What stocks does Tenere Capital LLC own?
Tenere Capital LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 23 positions worth $125.9M. The largest are Nvidia Corporation (NVDA) at 10.6%, Ge Aerospace (GE) at 7.8%, Goldman Sachs Group Inc (GS) at 6.2%, Csx Corp (CSX) at 6.1% and Applied Matls Inc (AMAT) at 5.9%.
What did Tenere Capital LLC buy last quarter?
In Q2 2026, Tenere Capital LLC added a new position in Hilton Worldwide Hldgs Inc (HLT), a new position in Vail Resorts Inc (MTN), a new position in Cisco Sys Inc (CSCO), a new position in Thermo Fisher Scientific Inc (TMO), a new position in Capital One Finl Corp (COF), Csx Corp (CSX) (+72.0% shares), Goldman Sachs Group Inc (GS) (+34.4% shares) and Visa Inc (V) (+26.5% shares), compared with its Q1 2026 filing.
What did Tenere Capital LLC sell last quarter?
In Q2 2026, Tenere Capital LLC sold all of Blackrock Inc (BLK), sold all of Caterpillar Inc (CAT), sold all of Intel Corp (INTC), sold all of Ge Vernova Inc (GEV), sold all of Microsoft Corp (MSFT), Asml Hldg NV (ASML) (-81.7% shares), Meta Platforms Inc (META) (-73.2% shares) and Analog Devices Inc (ADI) (-65.4% shares), compared with its Q1 2026 filing.
How has Tenere Capital LLC's portfolio performed?
A portfolio copying Tenere Capital LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +2.4% against +20.1%. Over 5 years: +7.6% a year against +13.0%.
When is Tenere Capital LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Tenere Capital LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Tenere Capital LLC manage?
Tenere Capital LLC reported $241.1M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $125.9M.