TENOR CAPITAL MANAGEMENT Co., L.P. Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$7.1B
Holdings
438
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (438 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | IDCC 3.5 06/01/27INTERDIGITAL INC | 80,000,000 | $331.3B | 4669.70% | |
| 2 | LITE 0.5 12/15/26LUMENTUM HLDGS INC | 55,100,000 | $204.6B | 2884.14% | |
| 3 | RNG 0 03/15/26RINGCENTRAL INC | 203,500,000 | $201.6B | 2840.86% | |
| 4 | TDOC 1.25 06/01/27TELADOC HEALTH INC | 188,653,000 | $180.1B | 2537.99% | |
| 5 | AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC | 171,514,000 | $173.1B | 2439.29% | |
| 6 | BSY 0.125 01/15/26BENTLEY SYS INC | 151,995,000 | $151.8B | 2139.42% | |
| 7 | JAMF 0.125 09/01/26JAMF HLDG CORP | 150,000,000 | $148.2B | 2088.54% | |
| 8 | U 0 11/15/26UNITY SOFTWARE INC | 135,378,000 | $130.8B | 1843.60% | |
| 9 | CNMD 2.25 06/15/27CONMED CORP | 125,020,000 | $120.1B | 1693.30% | |
| 10 | HAE 0 03/01/26HAEMONETICS CORP MASS | 119,217,000 | $118.3B | 1667.62% | |
| 11 | NET 0 08/15/26CLOUDFLARE INC | 100,000,000 | $117.5B | 1656.14% | |
| 12 | TRIP 0.25 04/01/26TRIPADVISOR INC | 115,893,000 | $114.6B | 1615.01% | |
| 13 | BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC | 116,500,000 | $112.2B | 1581.96% | |
| 14 | SHAK 0 03/01/28SHAKE SHACK INC | 109,600,000 | $103.5B | 1458.95% | |
| 15 | CFLT 0 01/15/27CONFLUENT INC | 105,606,000 | $102.9B | 1450.25% | |
| 16 | JBTM 0.25 05/15/26JBT MAREL CORPORATION | 98,188,000 | $101.0B | 1423.22% | |
| 17 | IRTC 1.5 09/01/29IRHYTHM TECHNOLOGIES INC | 68,554,000 | $96.4B | 1358.18% | |
| 18 | DAY 0.25 03/15/26DAYFORCE INC | 92,081,000 | $91.4B | 1288.35% | |
| 19 | TMDX 1.5 06/01/28TRANSMEDICS GROUP INC | 60,000,000 | $90.0B | 1268.81% | |
| 20 | NEO 0.25 01/15/28NEOGENOMICS INC | 98,050,000 | $88.0B | 1240.12% | |
| 21 | UGI 5 06/01/28UGI CORP NEW | 60,616,000 | $86.3B | 1216.80% | |
| 22 | SNOW 0 10/01/27SNOWFLAKE INC | 57,665,000 | $85.7B | 1208.27% | |
| 23 | RPD 0.25 03/15/27RAPID7 INC | 89,537,000 | $85.2B | 1200.55% | |
| 24 | JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD | 72,318,000 | $83.9B | 1182.72% | |
| 25 | BL 0 03/15/26BLACKLINE INC | 79,000,000 | $78.2B | 1102.84% | |
| 26 | BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC | 39,500,000 | $74.9B | 1055.38% | |
| 27 | UPWK 0.25 08/15/26UPWORK INC | 76,000,000 | $74.5B | 1049.65% | |
| 28 | PTCT 1.5 09/15/26PTC THERAPEUTICS INC | 49,839,000 | $74.4B | 1048.17% | |
| 29 | MIRM 4 05/01/29MIRUM PHARMACEUTICALS INC | 28,576,000 | $74.2B | 1045.78% | |
| 30 | BSY 0.375 07/01/27BENTLEY SYS INC | 72,595,000 | $68.6B | 967.51% | |
| 31 | QTWO 0.75 06/01/26Q2 HLDGS INC | 66,830,000 | $68.0B | 958.67% | |
| 32 | ETSY 0.125 09/01/27ETSY INC | 69,639,000 | $64.7B | 911.96% | |
| 33 | ZD 3.625 03/01/28ZIFF DAVIS INC | 65,000,000 | $64.6B | 910.75% | |
| 34 | ITRI 0 03/15/26ITRON INC | 60,500,000 | $60.1B | 847.34% | |
| 35 | ON 0 05/01/27ON SEMICONDUCTOR CORP | 50,000,000 | $59.8B | 842.30% | |
| 36 | MCHP 0.75 06/01/30MICROCHIP TECHNOLOGY INC. | 60,000,000 | $58.9B | 829.77% | |
| 37 | MTN 0 01/01/26VAIL RESORTS INC | 54,299,000 | $54.3B | 765.27% | |
| 38 | SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC | 60,000,000 | $54.1B | 762.58% | |
| 39 | SEALTD 0.25 09/15/26SEA LTD | 54,843,000 | $53.3B | 750.71% | |
| 40 | HALO 1 08/15/28HALOZYME THERAPEUTICS INC | 39,626,000 | $52.8B | 743.93% | |
| 41 | DOCN 0 12/01/26DIGITALOCEAN HLDGS INC | 49,619,000 | $48.0B | 676.24% | |
| 42 | PAR 1.5 10/15/27PAR TECHNOLOGY CORP | 47,500,000 | $46.8B | 659.02% | |
| 43 | EXAS 0.375 03/01/28EXACT SCIENCES CORP | 45,000,000 | $46.3B | 652.44% | |
| 44 | STX 3.5 06/01/28SEAGATE HDD CAYMAN | 13,621,000 | $45.9B | 647.31% | |
| 45 | PEB 1.75 12/15/26PEBBLEBROOK HOTEL TR | 46,734,000 | $45.5B | 640.64% | |
| 46 | EXPE 0 02/15/26EXPEDIA GROUP INC | 40,000,000 | $44.9B | 633.34% | |
| 47 | GBX 2.875 04/15/28GREENBRIER COS INC | 40,540,000 | $44.2B | 622.35% | |
| 48 | EXAS 0.375 03/15/27EXACT SCIENCES CORP | 38,000,000 | $39.8B | 561.25% | |
| 49 | MSTRSTRATEGY INC | 30,000,000 | $38.1B | 537.33% | |
| 50 | BL 1 06/01/29BLACKLINE INC | 35,094,000 | $37.2B | 524.32% | |
| 51 | FIVN 1 03/15/29FIVE9 INC | 40,000,000 | $36.2B | 510.79% | |
| 52 | LRN 1.125 09/01/27STRIDE INC | 26,180,000 | $35.8B | 504.89% | |
| 53 | SPOT 0 03/15/26SPOTIFY USA INC | 31,011,000 | $35.3B | 497.78% | |
| 54 | —MITEK SYS INC | 35,000,000 | $35.0B | 492.98% | |
| 55 | VERX 0.75 05/01/29VERTEX INC | 35,759,000 | $34.0B | 479.29% | |
| 56 | ETSY 0.125 10/01/26ETSY INC | 33,265,000 | $33.7B | 474.81% | |
| 57 | IONS 0 04/01/26IONIS PHARMACEUTICALS INC | 24,300,000 | $33.4B | 470.53% | |
| 58 | CNP 4.25 08/15/26CENTERPOINT ENERGY INC | 30,000,000 | $33.3B | 469.68% | |
| 59 | CALY 2.75 05/01/26TOPGOLF CALLAWAY BRANDS CORP | 33,250,000 | $33.3B | 469.60% | |
| 60 | CMS 3.375 05/01/28CMS ENERGY CORP | 30,000,000 | $32.3B | 455.53% | |
| 61 | CHEF 2.375 12/15/28CHEFS WHSE INC | 21,000,000 | $31.9B | 450.22% | |
| 62 | NTNX 0.5 12/15/29NUTANIX INC | 32,000,000 | $30.9B | 435.04% | |
| 63 | BTU 3.25 03/01/28PEABODY ENGR CORP | 18,000,000 | $30.4B | 428.62% | |
| 64 | ASND 2.25 04/01/28ASCENDIS PHARMA A/S | 21,000,000 | $29.9B | 421.41% | |
| 65 | LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN | 20,000,000 | $29.4B | 414.01% | |
| 66 | ZD 1.75 11/01/26ZIFF DAVIS INC | 29,550,000 | $29.0B | 408.32% | |
| 67 | CCIXCHURCHILL CAPITAL CORP IX | 2,702,188 | $28.7B | 404.83% | |
| 68 | DKNG 0 03/15/28DRAFTKINGS INC NEW | 30,000,000 | $27.4B | 386.68% | |
| 69 | STWD 6.75 07/15/27STARWOOD PPTY TR INC | 25,500,000 | $27.1B | 382.44% | |
| 70 | LNTH 2.625 12/15/27LANTHEUS HLDGS INC | 23,000,000 | $26.3B | 371.26% | |
| 71 | OKTA 0.375 06/15/26OKTA INC | 26,706,000 | $26.2B | 369.39% | |
| 72 | RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC | 23,000,000 | $26.1B | 368.09% | |
| 73 | WK 1.25 08/15/28WORKIVA INC | 26,126,000 | $25.9B | 365.74% | |
| 74 | XRPNARMADA ACQUISITION CORP II | 2,185,000 | $22.4B | 315.34% | |
| 75 | OMCL 1 12/01/29OMNICELL COM | 20,050,000 | $21.7B | 305.29% | |
| 76 | FWONK 2.25 08/15/27LIBERTY MEDIA CORP DEL | 16,871,000 | $21.6B | 304.40% | |
| 77 | DVAX 2 03/15/30DYNAVAX TECHNOLOGIES CORP | 20,000,000 | $21.0B | 296.28% | |
| 78 | CSGS 3.875 09/15/28CSG SYS INTL INC | 17,500,000 | $20.9B | 294.59% | |
| 79 | MLACMOUNTAIN LAKE ACQUISITION CO | 2,000,000 | $20.8B | 293.15% | |
| 80 | KFIIK&F GROWTH ACQUISITION CORP | 2,001,000 | $20.7B | 291.60% | |
| 81 | TACHTITAN ACQUISITION CORP | 2,000,000 | $20.5B | 288.95% | |
| 82 | GTENGORES HLDGS X INC | 2,000,000 | $20.5B | 288.93% | |
| 83 | GIGGIGCAPITAL7 CORP | 1,894,982 | $20.0B | 281.50% | |
| 84 | NTNX 0.25 10/01/27NUTANIX INC | 17,500,000 | $19.7B | 278.21% | |
| 85 | TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC | 13,760,000 | $19.7B | 277.35% | |
| 86 | AEIS 2.5 09/15/28ADVANCED ENERGY INDS | 11,866,000 | $19.6B | 276.13% | |
| 87 | MSTR 0.875 03/15/31STRATEGY INC | 18,500,000 | $19.1B | 268.67% | |
| 88 | ALHC 4.25 11/15/29ALIGNMENT HEALTHCARE INC | 12,500,000 | $19.0B | 268.14% | |
| 89 | BURL 1.25 12/15/27BURLINGTON STORES INC | 12,500,000 | $18.6B | 261.99% | |
| 90 | RPD 1.25 03/15/29RAPID7 INC | 20,000,000 | $18.3B | 257.72% | |
| 91 | LOBLIVE OAK ACQUISITION CORP V | 1,750,000 | $18.0B | 254.04% | |
| 92 | SZZLSIZZLE ACQUISITION CORP. II | 1,750,000 | $17.8B | 250.59% | |
| 93 | SOULSOULPOWER ACQUISITION CORP | 1,750,000 | $17.8B | 250.34% | |
| 94 | IONS 1.75 06/15/28IONIS PHARMACEUTICALS INC | 10,750,000 | $17.1B | 240.96% | |
| 95 | BILL 0 04/01/27BILL HOLDINGS INC | 17,795,000 | $17.0B | 239.51% | |
| 96 | SBXESILVERBOX CORP V | 1,650,000 | $16.6B | 233.95% | |
| 97 | POST 2.5 08/15/27POST HLDGS INC | 15,000,000 | $16.3B | 229.98% | |
| 98 | VERI 1.75 11/15/26VERITONE INC | 16,956,000 | $16.1B | 226.36% | |
| 99 | WK 1.125 08/15/26WORKIVA INC | 13,547,000 | $16.0B | 224.85% | |
| 100 | WKC 3.25 07/01/28WORLD KINECT CORPORATION | 14,825,000 | $15.9B | 224.01% |
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