TENOR CAPITAL MANAGEMENT Co., L.P. Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$7.4T

Holdings

363

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (363 positions)

#StockSharesValue% PortfolioType
1
CCL 5.75 12/01/27CARNIVAL CORP
110,000,000$242.9B3.28%
2
NET 0 08/15/26CLOUDFLARE INC
162,364,000$192.8B2.60%
3
RNG 0 03/15/26RINGCENTRAL INC
200,000,000$192.8B2.60%
4191,713,000$188.5B2.54%
5
IDCC 3.5 06/01/27INTERDIGITAL INC
55,000,000$160.8B2.17%
6
U 0 11/15/26UNITY SOFTWARE INC
168,246,000$157.3B2.12%
7
AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC
143,514,000$139.7B1.88%
8
FOUR 0 12/15/25SHIFT4 PMTS INC
110,500,000$139.6B1.88%
9
BSY 0.125 01/15/26BENTLEY SYS INC
138,536,000$138.0B1.86%
10
DOCN 0 12/01/26DIGITALOCEAN HLDGS INC
140,023,000$131.1B1.77%
11
TDOC 1.25 06/01/27TELADOC HEALTH INC
130,000,000$120.4B1.62%
12
HAE 0 03/01/26HAEMONETICS CORP MASS
119,217,000$115.3B1.56%
13
VIAV 1.625 03/15/26VIAVI SOLUTIONS INC
110,100,000$112.1B1.51%
14
TRIP 0.25 04/01/26TRIPADVISOR INC
115,893,000$111.9B1.51%
15
EVH 1.5 10/15/25EVOLENT HEALTH INC
108,650,000$107.8B1.45%
16
IONS 0 04/01/26IONIS PHARMACEUTICALS INC
106,292,000$107.6B1.45%
17
LITE 0.5 12/15/26LUMENTUM HLDGS INC
90,843,000$107.0B1.44%
18
JAMF 0.125 09/01/26JAMF HLDG CORP
108,302,000$102.7B1.38%
19103,000,000$98.0B1.32%
20
NVCR 0 11/01/25NOVOCURE LTD
97,695,000$95.6B1.29%
21
MCHP 0.75 06/01/30MICROCHIP TECHNOLOGY INC.
96,675,000$95.2B1.28%
22
CFLT 0 01/15/27CONFLUENT INC
100,106,000$93.5B1.26%
23
JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD
88,536,000$89.8B1.21%
24
ZD 3.625 03/01/28ZIFF DAVIS INC
94,500,000$89.7B1.21%
25
DAY 0.25 03/15/26DAYFORCE INC
90,000,000$87.0B1.17%
26
VRNS 1.25 08/15/25VARONIS SYS INC
51,999,000$86.3B1.16%
27
IART 0.5 08/15/25INTEGRA LIFESCIENCES HLDGS C
86,161,000$85.7B1.16%
28
MSTRMICROSTRATEGY INC
30,000,000$83.6B1.13%
29
GVA 3.75 05/15/28GRANITE CONSTR INC
40,000,000$83.4B1.13%
3089,537,000$83.3B1.12%
31
WIX 0 08/15/25WIX COM LTD
83,500,000$83.0B1.12%
32
NEO 0.25 01/15/28NEOGENOMICS INC
92,722,000$79.7B1.07%
33
VRNT 0.25 04/15/26VERINT SYSTEMS INC
82,309,000$79.1B1.07%
34
EXAS 0.375 03/01/28EXACT SCIENCES CORP
84,000,000$76.9B1.04%
35
FVRR 0 11/01/25FIVERR INTL LTD
78,000,000$76.5B1.03%
36
BL 0 03/15/26BLACKLINE INC
79,000,000$76.1B1.03%
3779,509,000$75.4B1.02%
38
JBTM 0.25 05/15/26JBT MAREL CORPORATION
75,344,000$75.0B1.01%
3965,000,000$73.5B0.99%
40
BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC
77,575,000$73.3B0.99%
41
ALNY 1 09/15/27ALNYLAM PHARMACEUTICALS INC
54,335,000$70.9B0.96%
42
BSY 0.375 07/01/27BENTLEY SYS INC
72,595,000$68.7B0.93%
4324,203,000$67.5B0.91%
4456,500,000$63.7B0.86%
45
SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC
60,000,000$63.5B0.86%
46
PRO 2.5 07/01/30PROS HOLDINGS INC
56,854,000$61.4B0.83%
47
CNK 4.5 08/15/25CINEMARK HLDGS INC
28,250,000$60.4B0.81%
4865,339,000$58.5B0.79%
4958,265,000$56.6B0.76%
50
MTN 0 01/01/26VAIL RESORTS INC
54,299,000$52.9B0.71%
51
TMDX 1.5 06/01/28TRANSMEDICS GROUP INC
31,405,000$50.5B0.68%
52
EXPE 0 02/15/26EXPEDIA GROUP INC
50,000,000$48.8B0.66%
53
ABNB 0 03/15/26AIRBNB INC
50,000,000$48.2B0.65%
54
INVA 2.5 08/15/25INNOVIVA INC
40,110,000$47.2B0.64%
55
QTWO 0.75 06/01/26Q2 HLDGS INC
38,441,000$45.5B0.61%
56
UGI 5 06/01/28UGI CORP NEW
32,500,000$45.1B0.61%
5745,055,000$44.6B0.60%
5825,000,000$44.4B0.60%
59
EXAS 0.375 03/15/27EXACT SCIENCES CORP
44,500,000$42.6B0.57%
60
OMCL 0.25 09/15/25OMNICELL COM
38,848,000$38.5B0.52%
61
BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC
30,000,000$37.6B0.51%
62
POST 2.5 08/15/27POST HLDGS INC
32,500,000$37.5B0.51%
63
FSLY 0 03/15/26FASTLY INC
37,140,000$35.9B0.48%
64
SRPT 1.25 09/15/27SAREPTA THERAPEUTICS INC
47,500,000$35.8B0.48%
65
PEB 1.75 12/15/26PEBBLEBROOK HOTEL TR
37,534,000$35.6B0.48%
6630,976,000$35.4B0.48%
6740,000,000$35.2B0.47%
68
CALY 2.75 05/01/26TOPGOLF CALLAWAY BRANDS CORP
35,640,000$34.9B0.47%
6930,000,000$33.3B0.45%
70
CNP 4.25 08/15/26CENTERPOINT ENERGY INC
30,000,000$33.0B0.45%
71
ZD 1.75 11/01/26ZIFF DAVIS INC
34,550,000$33.0B0.45%
72
CMS 3.375 05/01/28CMS ENERGY CORP
30,000,000$32.1B0.43%
73
ENOV 3.875 10/15/28ENOVIS CORPORATION
31,000,000$30.9B0.42%
74
SHAK 0 03/01/28SHAKE SHACK INC
28,072,000$30.1B0.41%
75
LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN
19,000,000$29.5B0.40%
7627,156,000$26.1B0.35%
77
MTCH 0.875 06/15/26MATCH GROUP FINANCECO 2
25,070,000$24.2B0.33%
78
PAR 1.5 10/15/27PAR TECHNOLOGY CORP
20,500,000$23.7B0.32%
79
ORA 2.5 07/15/27ORMAT TECHNOLOGIES INC
20,694,000$22.9B0.31%
80
PRGSPROGRESS SOFTWARE CORP
19,054,000$22.8B0.31%
81
CHACRCRANE HBR ACQUISITION CORP
2,160,000$21.8B0.29%
82
ALRM 0 01/15/26ALARM COM HLDGS INC
22,009,000$21.4B0.29%
83
GTENGORES HLDGS X INC
2,000,000$20.5B0.28%
84
KFIIK&F GROWTH ACQUISITION CORP
2,000,000$20.4B0.27%
85
TACHTITAN ACQUISITION CORP
2,000,000$20.2B0.27%
86
MITEK SYS INC
20,000,000$19.7B0.27%
87
PCRX 0.75 08/01/25PACIRA BIOSCIENCES INC
19,582,000$19.5B0.26%
8820,000,000$18.8B0.25%
89
LOBLIVE OAK ACQUISITION CORP V
1,750,000$18.7B0.25%
90
DVAX 2 03/15/30DYNAVAX TECHNOLOGIES CORP
20,000,000$18.3B0.25%
91
WDC 3 11/15/28WESTERN DIGITAL CORP
10,000,000$18.0B0.24%
9219,632,000$17.8B0.24%
93
TVATEXAS VENTURES ACQUISITION I
1,750,000$17.7B0.24%
94
SZZLSIZZLE ACQUISITION CORP. II
1,750,000$17.6B0.24%
95
SOULSOULPOWER ACQUISITION CORP
1,750,000$17.3B0.23%
96
HALO 0.25 03/01/27HALOZYME THERAPEUTICS INC
17,000,000$17.0B0.23%
97
BILL 0 04/01/27BILL HOLDINGS INC
17,795,000$16.2B0.22%
98
LPSN 0 12/15/26LIVEPERSON INC
40,016,000$16.0B0.22%
99
LNTH 2.625 12/15/27LANTHEUS HLDGS INC
12,500,000$15.9B0.21%
100
ATIIARCHIMEDES TECH SPAC PARTNER
1,500,000$15.3B0.21%
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