TENOR CAPITAL MANAGEMENT Co., L.P. — 13F holdings

TENOR CAPITAL MANAGEMENT Co., L.P. reported 549 holdings worth $7.09B in its 13F filing for Q2 2026, filed August 14, 2026. That's up 9.3% from $6.49B in Q1 2026, when it reported 501 holdings. Its 10 largest positions make up 20.8% of the portfolio.

TENOR CAPITAL MANAGEMENT Co., L.P.'s largest positions in Q2 2026

1. ON SEMICONDUCTOR CORP — $322M (4.5%) · added 214%
2. TELADOC HEALTH INC — $181M (2.6%) · cut 1%
3. IONIS PHARMACEUTICALS INC — $148M (2.1%) · added 336%
4. LIVE NATION ENTERTAINMENT IN — $144M (2.0%) · added 36%
5. UNITY SOFTWARE INC — $133M (1.9%) · unchanged
6. SHAKE SHACK INC — $115M (1.6%) · unchanged
7. AKAMAI TECHNOLOGIES INC — $111M (1.6%) · cut 2%
8. ZSCALER INC — $110M (1.6%) · new position
9. BIOMARIN PHARMACEUTICAL INC — $109M (1.5%) · unchanged
10. NUTANIX INC — $101M (1.4%) · added 36%
11. IRHYTHM TECHNOLOGIES INC — $97.1M (1.4%) · added 3%
12. TRAVERE THERAPEUTICS INC — $92.6M (1.3%) · added 55%
13. GREENBRIER COS INC — $92.2M (1.3%) · added 27%
14. MIRUM PHARMACEUTICALS INC — $91.7M (1.3%) · cut 44%
15. COLLEGIUM PHARMACEUTICAL INC — $85.8M (1.2%) · unchanged
16. SNOWFLAKE INC — $83.3M (1.2%) · cut 15%
17. ALIGNMENT HEALTHCARE INC — $81.8M (1.2%) · added 280%
18. STRIDE INC — $76.2M (1.1%) · added 29%
19. UGI CORP NEW — $75.9M (1.1%) · cut 15%
20. LANTHEUS HLDGS INC — $75.9M (1.1%) · added 21%

What TENOR CAPITAL MANAGEMENT Co., L.P. bought in Q2 2026

104 new positions and 33 positions added to.

1. ON SEMICONDUCTOR CORP — added, about $219M
2. IONIS PHARMACEUTICALS INC — added, about $114M
3. ZSCALER INC — new position, about $110M
4. CLOUDFLARE INC — new position, about $70.0M
5. CHECK POINT SOFTWARE TECH LTD — new position, about $69.9M
6. RUBRIK INC. — new position, about $66.4M
7. ALIGNMENT HEALTHCARE INC — added, about $60.3M
8. GRAB 06/15/30 CVT PUT — new position, about $56.2M
9. GAMESTOP CORP — new position, about $53.7M
10. SOUTHERN CO — new position, about $50.7M

What TENOR CAPITAL MANAGEMENT Co., L.P. sold in Q2 2026

56 positions sold out and 28 reduced.

1. WISDOMTREE INC — sold out, about $4.77B
2. LUMENTUM HLDGS INC — sold out, about $476M
3. SEAGATE HDD CAYMAN — sold out, about $160M
4. CONMED CORP — sold out, about $122M
5. VENTAS RLTY LTD PARTNERSHIP — sold out, about $112M
6. NEOGENOMICS INC — cut 82%, about $83.4M
7. MIRUM PHARMACEUTICALS INC — cut 44%, about $71.2M
8. DIGITALOCEAN HLDGS INC — cut 70%, about $52.3M
9. AKAMAI TECHNOLOGIES INC — cut 33%, about $32.9M
10. RAPID7 INC — cut 30%, about $29.0M

TENOR CAPITAL MANAGEMENT Co., L.P. portfolio value by quarter

• Q2 2026: $7.09B in 549 holdings
• Q1 2026: $6.49B in 501 holdings
• Q4 2025: $7.10B in 438 holdings
• Q3 2025: $7.61B in 398 holdings
• Q2 2025: $7.41B in 363 holdings
• Q1 2025: $7.02B in 302 holdings
• Q4 2024: $7.13B in 291 holdings

What does TENOR CAPITAL MANAGEMENT Co., L.P. own?

Its largest positions in Q2 2026 were ON SEMICONDUCTOR CORP, TELADOC HEALTH INC, IONIS PHARMACEUTICALS INC, LIVE NATION ENTERTAINMENT IN, UNITY SOFTWARE INC, out of 549 holdings worth $7.09B.

What did TENOR CAPITAL MANAGEMENT Co., L.P. buy last quarter?

In Q2 2026 it opened 104 new positions and added to 33; the largest buys were ON SEMICONDUCTOR CORP, IONIS PHARMACEUTICALS INC, ZSCALER INC.

What did TENOR CAPITAL MANAGEMENT Co., L.P. sell last quarter?

In Q2 2026 it sold out of 56 positions and reduced 28, including WISDOMTREE INC, LUMENTUM HLDGS INC, SEAGATE HDD CAYMAN.