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

Filed August 14, 2025

Portfolio Value

$7.4B

Holdings

363

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (363 positions)

#	Stock	Shares	Value	% Portfolio
101	—ARMADA ACQUISITION CORP II	1,500,000	$15.3B	206.56%
102	NPACNEW PROVIDENCE ACQUISITION C	1,500,000	$15.3B	206.35%
103	—HENNESSY CAP INVT CORP VII	1,500,000	$15.2B	205.54%
104	FERAFIFTH ERA ACQUISITION CORP I	1,500,000	$15.2B	205.34%
105	CGCTCARTESIAN GROWTH CORP III	1,500,000	$15.0B	202.71%
106	SNAP 0.125 03/01/28SNAP INC	16,775,000	$14.6B	196.36%
107	SDHISIDDHI ACQUISITION CORP	1,374,599	$14.2B	191.14%
108	NTNX 0.25 10/01/27NUTANIX INC	10,000,000	$14.1B	190.21%
109	UPST 0.25 08/15/26UPSTART HLDGS INC	14,439,000	$13.8B	186.16%
110	SO 4.5 06/15/27SOUTHERN CO	12,000,000	$13.2B	178.17%
111	LCID 1.25 12/15/26LUCID GROUP INC	15,000,000	$13.2B	177.63%
112	KOYNDIGITAL ASSET ACQUISITION CO	1,250,000	$13.1B	176.68%
113	PAR 2.875 04/15/26PAR TECHNOLOGY CORP	7,850,000	$12.8B	173.02%
114	IPCXINFLECTION PT ACQUISITION CO	1,250,000	$12.7B	171.79%
115	RAAQREAL ASSET ACQUISITION CORP	1,250,000	$12.7B	171.12%
116	WK 1.25 08/15/28WORKIVA INC	13,531,000	$12.7B	170.75%
117	CRAQCAL REDWOOD ACQUISITION CORP	1,200,000	$12.3B	166.05%
118	AGCN 0.375 01/15/27FIRST MAJESTIC SILVER CORP	12,674,000	$12.3B	165.98%
119	APLS 3.5 09/15/26APELLIS PHARMACEUTICALS INC	11,950,000	$12.2B	165.07%
120	LIVN 2.5 03/15/29LIVANOVA PLC	12,000,000	$12.2B	164.85%
121	GSHRGESHER ACQUISITION CORP. II	1,200,000	$12.1B	162.54%
122	BACCBLUE ACQUISITION CORP.	1,200,000	$12.0B	162.49%
123	MGPI 1.875 11/15/41MGP INGREDIENTS INC NEW	12,500,000	$11.9B	160.13%
124	DRDBROMAN DBDR ACQUISITION CORP	1,110,000	$11.4B	154.35%
125	CSGS 3.875 09/15/28CSG SYS INTL INC	10,000,000	$11.4B	154.13%
126	BURL 1.25 12/15/27BURLINGTON STORES INC	8,400,000	$10.9B	147.34%
127	ANSCAGRICULTURE & NAT SOL ACQ CO	1,000,000	$10.8B	146.34%
128	LEGTLEGATO MERGER CORP III	1,000,000	$10.7B	144.04%
129	LCII 1.125 05/15/26LCI INDS	10,728,000	$10.4B	140.37%
130	MLAB 1.375 08/15/25MESA LABS INC	10,359,000	$10.4B	139.91%
131	CCCXUCHURCHILL CAP CORP X	1,000,000	$10.3B	138.93%
132	JENAJENA ACQUISITION CORP II	1,000,000	$10.3B	138.65%
133	RDAGREPUBLIC DIGITAL ACQUISITION	1,000,000	$10.3B	138.38%
134	IPODDUNE ACQUISITION CORP II	1,000,000	$10.2B	137.57%
135	PRO 2.25 09/15/27PROS HOLDINGS INC	10,658,000	$10.2B	137.16%
136	TVAITHAYER VENTURES ACQ CORP II	1,000,000	$10.2B	137.03%
137	EB 0.75 09/15/26EVENTBRITE INC	11,006,000	$10.1B	136.15%
138	LWACLIGHTWAVE ACQUISITION CORP	1,000,000	$10.1B	135.68%
139	—BLUE WTR ACQUISITION CORP. I	1,000,000	$10.0B	135.01%
140	NHICNEWHOLD INVT CORP III	1,000,000	$9.9B	134.20%
141	MTH 1.75 05/15/28MERITAGE HOMES CORP	10,000,000	$9.8B	132.10%
142	MSTR 0.875 03/15/31MICROSTRATEGY INC	5,000,000	$9.4B	127.43%
143	ASND 2.25 04/01/28ASCENDIS PHARMA A/S	7,250,000	$9.1B	123.24%
144	OYSEOYSTER ENTERPRISES II ACQUIS	900,000	$9.1B	122.84%
145	GPRO 1.25 11/15/25GOPRO INC	9,750,000	$9.1B	122.50%
146	XYZ 0.25 11/01/27BLOCK INC	9,850,000	$8.8B	118.70%
147	FACTFACT II ACQUISITION CORP	849,950	$8.7B	117.96%
148	—M3BRIGADE ACQUISITION V CORP	750,000	$8.5B	114.20%
149	BILL 0 12/01/25BILL HOLDINGS INC	8,709,000	$8.5B	114.08%
150	WENNWEN ACQUISITION CORP	800,000	$8.5B	114.05%
151	IONS 1.75 06/15/28IONIS PHARMACEUTICALS INC	8,000,000	$8.4B	113.42%
152	TACOBERTO ACQUISITION CORP	800,000	$8.3B	112.43%
153	DBX 0 03/01/28DROPBOX INC	8,000,000	$8.1B	109.63%
154	CMIIUCOLUMBUS CIRCLE CAP CORP. I	750,000	$8.0B	107.43%
155	ALFCENTURION ACQUISITION CORP	750,000	$7.9B	106.41%
156	LPAALAUNCH ONE ACQUISITION CORP	750,000	$7.8B	105.35%
157	GPATGP-ACT III ACQUISITION CORP	750,000	$7.8B	105.20%
158	VCICVINE HILL CAP INVT CORP.	750,000	$7.8B	105.20%
159	POLEANDRETTI ACQUISITION CORP II	750,000	$7.8B	105.00%
160	VERI 1.75 11/15/26VERITONE INC	16,956,000	$7.7B	103.41%
161	COPLCOPLEY ACQUISITION CORP	750,000	$7.6B	101.86%
162	CBRL 0.625 06/15/26CRACKER BARREL OLD CTRY STOR	7,849,000	$7.5B	101.26%
163	ALDFALDEL FINL II INC	699,234	$7.3B	98.93%
164	PLMKPLUM ACQUISITION CORP IV	700,000	$7.2B	97.05%
165	EB 5 12/01/25EVENTBRITE INC	7,159,000	$7.2B	96.70%
166	EGHAEGH ACQUISITION CORP.	700,000	$7.1B	96.20%
167	OKTA 0.125 09/01/25OKTA INC	7,021,000	$7.0B	93.84%
168	SVCCUSTELLAR V CAP CORP	675,179	$6.7B	90.97%
169	AXINAXIOM INTELLIGENCE AC CORP 1	650,000	$6.6B	88.46%
170	TDACWTRANSLATIONAL DEV ACQUISITIO	635,399	$6.5B	88.01%
171	WK 1.125 08/15/26WORKIVA INC	6,000,000	$6.5B	87.24%
172	PCAPPROCAP ACQUISITION CORP	600,000	$6.4B	86.75%
173	BEAGBOLD EAGLE ACQUISITION CORP	600,000	$6.3B	84.73%
174	GRAFGRAF GLOBAL CORP	600,020	$6.3B	84.65%
175	JACSJACKSON ACQUISITION CO II	600,000	$6.2B	83.35%
176	NVST 1.75 08/15/28ENVISTA HOLDINGS CORPORATION	6,550,000	$6.1B	82.85%
177	OBAOXLEY BRIDGE ACQ LTD	600,000	$6.0B	81.00%
178	PACHPIONEER ACQUISITION I CORP	600,000	$6.0B	80.96%
179	CYBRCYBERARK SOFTWARE LTD	14,700	$6.0B	80.67%
180	ATEC 0.75 08/01/26ALPHATEC HLDGS INC	5,818,000	$5.8B	78.08%
181	HYACHAYMAKER ACQUISITION CORP IV	500,000	$5.5B	74.85%
182	CCIICOHEN CIRCLE ACQUISITION COR	497,116	$5.5B	73.55%
183	CEPFCANTOR EQUITY PARTNERS I INC	450,000	$5.4B	72.22%
184	GIGGIGCAPITAL7 CORP	507,699	$5.3B	71.08%
185	WOLF 0.25 02/15/28WOLFSPEED INC	20,000,000	$5.2B	70.13%
186	MLACMOUNTAIN LAKE ACQUISITION CO	500,000	$5.1B	69.19%
187	LPBBLAUNCH TWO ACQUISITION CORP.	489,947	$5.1B	68.86%
188	—RANGE CAP ACQUISITION CORP	500,000	$5.1B	68.78%
189	IRENIREN LIMITED	349,879	$5.1B	68.75%
190	KCHVKOCHAV DEFENSE ACQUI CO	500,000	$5.1B	68.62%
191	SATS 3.875 11/30/30ECHOSTAR CORP	4,092,399	$4.8B	65.14%
192	BYND 0 03/15/27BEYOND MEAT INC	45,000,000	$4.5B	60.69%
193	CEPFCANTOR EQUITY PARTNERS III I	425,000	$4.5B	60.47%
194	TWO 6.25 01/15/26TWO HARBORS INVENTMENT CORPO	4,245,000	$4.4B	58.75%
195	RTACRENATUS TACTICAL ACQUIS	300,000	$3.5B	47.74%
196	BAND 0.5 04/01/28BANDWIDTH INC	4,000,000	$3.4B	45.52%
197	CEPFCANTOR EQUITY PARTNERS II IN	300,000	$3.3B	44.63%
198	OACCOAKTREE ACQUISITION CORP III	300,000	$3.1B	42.28%
199	VACHVOYAGER ACQUISITION CORP	300,000	$3.1B	42.03%
200	RACRITHM ACQUISITION CORP	300,000	$3.1B	41.23%

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