TENOR CAPITAL MANAGEMENT CO., L.P.

Filed: 5/15/2025ACC: 0001346554-25-000019

📋 What this filing means

TENOR CAPITAL MANAGEMENT CO., L.P. filed this quarterly 13F‑HR report disclosing 302 equity positions with a total reported market value of $7.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

302

Positions

$7.02B

Total AUM (reported)

6.50B

Total Shares

Allocation by class

NOTE 3/1$490.69M7.0%

NOTE 0.375% 6/0$232.68M3.3%

NOTE 8/1$230.64M3.3%

NOTE 0.250%11/1$172.18M2.5%

NOTE 11/0$170.14M2.4%

NOTE 0.125% 9/0$160.90M2.3%

NOTE 0.250% 3/1$148.37M2.1%

Portfolio Concentration

Top 3$608.74M8.7%

4–10$914.88M13.0%

11–25$1.47B21.0%

Rest$4.02B57.3%

Top 3 weight

8.7%

Top 10 weight

21.7%

Voting Authority Distribution

Total shares with voting rights: 6.50B

Sole

Full voting authority

6.50B

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole302

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings302

Rows:

HUBSPOT INC

SOLE

NOTE 0.375% 6/0

Shares111.02M

TypePRN

Market value$232.68M

3.32%

Sole

111.02M

Shared

0.00

None

0.00

RINGCENTRAL INC

SOLE

NOTE 3/1

Shares213.20M

TypePRN

Market value$203.87M

2.91%

Sole

213.20M

Shared

0.00

None

0.00

DEXCOM INC

SOLE

NOTE 0.250%11/1

Shares176.61M

TypePRN

Market value$172.18M

2.45%

Sole

176.61M

Shared

0.00

None

0.00

CLOUDFLARE INC

SOLE

NOTE 8/1

Shares147.86M

TypePRN

Market value$148.60M

2.12%

Sole

147.86M

Shared

0.00

None

0.00

LIVONGO HEALTH INC

SOLE

NOTE 0.875% 6/0

Shares138.54M

TypePRN

Market value$137.90M

1.97%

Sole

138.54M

Shared

0.00

None

0.00

DIGITALOCEAN HLDGS INC

SOLE

NOTE 12/0

Shares140.02M

TypePRN

Market value$130.75M

1.86%

Sole

140.02M

Shared

0.00

None

0.00

ZSCALER INC

SOLE

NOTE 0.125% 7/0

Shares98.14M

TypePRN

Market value$130.30M

1.86%

Sole

98.14M

Shared

0.00

None

0.00

SHIFT4 PMTS INC

SOLE

NOTE 12/1

Shares110M

TypePRN

Market value$126.19M

1.80%

Sole

110M

Shared

0.00

None

0.00

BENTLEY SYS INC

SOLE

NOTE 0.125% 1/1

Shares129.41M

TypePRN

Market value$125.27M

1.78%

Sole

129.41M

Shared

0.00

None

0.00

LYFT INC

SOLE

NOTE 1.500% 5/1

Shares115.74M

TypePRN

Market value$115.88M

1.65%

Sole

115.74M

Shared

0.00

None

0.00

TRIPADVISOR INC

SOLE

NOTE 0.250% 4/0

Shares115.89M

TypePRN

Market value$111.33M

1.59%

Sole

115.89M

Shared

0.00

None

0.00

FIVE9 INC

SOLE

NOTE 0.500% 6/0

Shares109.81M

TypePRN

Market value$109.16M

1.56%

Sole

109.81M

Shared

0.00

None

0.00

EVOLENT HEALTH INC

SOLE

NOTE 1.500%10/1

Shares108.65M

TypePRN

Market value$107.23M

1.53%

Sole

108.65M

Shared

0.00

None

0.00

HAEMONETICS CORP MASS

SOLE

NOTE 3/0

Shares111.85M

TypePRN

Market value$106.82M

1.52%

Sole

111.85M

Shared

0.00

None

0.00

JAMF HLDG CORP

SOLE

NOTE 0.125% 9/0

Shares108.30M

TypePRN

Market value$102.22M

1.46%

Sole

108.30M

Shared

0.00

None

0.00

VIAVI SOLUTIONS INC

SOLE

NOTE 1.625% 3/1

Shares92.84M

TypePRN

Market value$100.02M

1.43%

Sole

92.84M

Shared

0.00

None

0.00

JAZZ INVESTMENTS I LTD

SOLE

NOTE 2.000% 6/1

Shares93.04M

TypePRN

Market value$97.01M

1.38%

Sole

93.04M

Shared

0.00

None

0.00

LUMENTUM HLDGS INC

SOLE

NOTE 0.500%12/1

Shares92.03M

TypePRN

Market value$95.54M

1.36%

Sole

92.03M

Shared

0.00

None

0.00

TELADOC HEALTH INC

SOLE

NOTE 1.250% 6/0

Shares103.49M

TypePRN

Market value$95.44M

1.36%

Sole

103.49M

Shared

0.00

None

0.00

IONIS PHARMACEUTICALS INC

SOLE

NOTE 4/0

Shares96.29M

TypePRN

Market value$95.41M

1.36%

Sole

96.29M

Shared

0.00

None

0.00

NOVOCURE LTD

SOLE

NOTE 11/0

Shares97.69M

TypePRN

Market value$94.40M

1.35%

Sole

97.69M

Shared

0.00

None

0.00

AIRBNB INC

SOLE

NOTE 3/1

Shares97.50M

TypePRN

Market value$93.21M

1.33%

Sole

97.50M

Shared

0.00

None

0.00

UNITY SOFTWARE INC

SOLE

NOTE 11/1

Shares97.92M

TypePRN

Market value$90.57M

1.29%

Sole

97.92M

Shared

0.00

None

0.00

ZIFF DAVIS INC

SOLE

DEBT 3.625% 3/0

Shares94.50M

TypeSH

Market value$88.48M

1.26%

Sole

94.50M

Shared

0.00

None

0.00

INTERDIGITAL INC

SOLE

NOTE 3.500% 6/0

Shares32.32M

TypePRN

Market value$87.36M

1.24%

Sole

32.32M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
HUBSPOT INCSOLE	NOTE 0.375% 6/0	111.02M	PRN	$232.68M 3.32%	111.02M
RINGCENTRAL INCSOLE	NOTE 3/1	213.20M	PRN	$203.87M 2.91%	213.20M
DEXCOM INCSOLE	NOTE 0.250%11/1	176.61M	PRN	$172.18M 2.45%	176.61M
CLOUDFLARE INCSOLE	NOTE 8/1	147.86M	PRN	$148.60M 2.12%	147.86M
LIVONGO HEALTH INCSOLE	NOTE 0.875% 6/0	138.54M	PRN	$137.90M 1.97%	138.54M
DIGITALOCEAN HLDGS INCSOLE	NOTE 12/0	140.02M	PRN	$130.75M 1.86%	140.02M
ZSCALER INCSOLE	NOTE 0.125% 7/0	98.14M	PRN	$130.30M 1.86%	98.14M
SHIFT4 PMTS INCSOLE	NOTE 12/1	110M	PRN	$126.19M 1.80%	110M
BENTLEY SYS INCSOLE	NOTE 0.125% 1/1	129.41M	PRN	$125.27M 1.78%	129.41M
LYFT INCSOLE	NOTE 1.500% 5/1	115.74M	PRN	$115.88M 1.65%	115.74M
TRIPADVISOR INCSOLE	NOTE 0.250% 4/0	115.89M	PRN	$111.33M 1.59%	115.89M
FIVE9 INCSOLE	NOTE 0.500% 6/0	109.81M	PRN	$109.16M 1.56%	109.81M
EVOLENT HEALTH INCSOLE	NOTE 1.500%10/1	108.65M	PRN	$107.23M 1.53%	108.65M
HAEMONETICS CORP MASSSOLE	NOTE 3/0	111.85M	PRN	$106.82M 1.52%	111.85M
JAMF HLDG CORPSOLE	NOTE 0.125% 9/0	108.30M	PRN	$102.22M 1.46%	108.30M
VIAVI SOLUTIONS INCSOLE	NOTE 1.625% 3/1	92.84M	PRN	$100.02M 1.43%	92.84M
JAZZ INVESTMENTS I LTDSOLE	NOTE 2.000% 6/1	93.04M	PRN	$97.01M 1.38%	93.04M
LUMENTUM HLDGS INCSOLE	NOTE 0.500%12/1	92.03M	PRN	$95.54M 1.36%	92.03M
TELADOC HEALTH INCSOLE	NOTE 1.250% 6/0	103.49M	PRN	$95.44M 1.36%	103.49M
IONIS PHARMACEUTICALS INCSOLE	NOTE 4/0	96.29M	PRN	$95.41M 1.36%	96.29M
NOVOCURE LTDSOLE	NOTE 11/0	97.69M	PRN	$94.40M 1.35%	97.69M
AIRBNB INCSOLE	NOTE 3/1	97.50M	PRN	$93.21M 1.33%	97.50M
UNITY SOFTWARE INCSOLE	NOTE 11/1	97.92M	PRN	$90.57M 1.29%	97.92M
ZIFF DAVIS INCSOLE	DEBT 3.625% 3/0	94.50M	SH	$88.48M 1.26%	94.50M
INTERDIGITAL INCSOLE	NOTE 3.500% 6/0	32.32M	PRN	$87.36M 1.24%	32.32M

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