TENOR CAPITAL MANAGEMENT CO., L.P.

Filed: 11/14/2025ACC: 0001346554-25-000091

📋 What this filing means

TENOR CAPITAL MANAGEMENT CO., L.P. filed this quarterly 13F‑HR report disclosing 398 equity positions with a total reported market value of $7.61B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

398

Positions

$7.61B

Total AUM (reported)

5.91B

Total Shares

Allocation by class

NOTE 3.500% 6/0$868.92M11.4%

NOTE 3/1$461.94M6.1%

NOTE 11/0$193.13M2.5%

NOTE 0.250%11/1$190.79M2.5%

SHS CL A$189.92M2.5%

NOTE 0.125% 9/0$188.52M2.5%

ORD SHS CL A$187.13M2.5%

Portfolio Concentration

Top 3$1.07B14.0%

4–10$1.11B14.6%

11–25$1.47B19.4%

Rest$3.96B52.1%

Top 3 weight

14.0%

Top 10 weight

28.6%

Voting Authority Distribution

Total shares with voting rights: 5.91B

Sole

Full voting authority

5.91B

% 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)

Sole398

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings398

Rows:

SEAGATE HDD CAYMAN

SOLE

NOTE 3.500% 6/0

Shares176.55M

TypePRN

Market value$509.61M

6.69%

Sole

176.55M

Shared

0.00

None

0.00

INTERDIGITAL INC

SOLE

NOTE 3.500% 6/0

Shares80M

TypePRN

Market value$359.31M

4.72%

Sole

80M

Shared

0.00

None

0.00

RINGCENTRAL INC

SOLE

NOTE 3/1

Shares202.50M

TypePRN

Market value$198.15M

2.60%

Sole

202.50M

Shared

0.00

None

0.00

DEXCOM INC

SOLE

NOTE 0.250%11/1

Shares191.71M

TypePRN

Market value$190.79M

2.51%

Sole

191.71M

Shared

0.00

None

0.00

TELADOC HEALTH INC

SOLE

NOTE 1.250% 6/0

Shares188.65M

TypePRN

Market value$177.64M

2.33%

Sole

188.65M

Shared

0.00

None

0.00

AKAMAI TECHNOLOGIES INC

SOLE

NOTE 0.375% 9/0

Shares171.51M

TypePRN

Market value$164.51M

2.16%

Sole

171.51M

Shared

0.00

None

0.00

UNITY SOFTWARE INC

SOLE

NOTE 11/1

Shares171.91M

TypePRN

Market value$164.00M

2.15%

Sole

171.91M

Shared

0.00

None

0.00

CLOUDFLARE INC

SOLE

NOTE 8/1

Shares122.50M

TypePRN

Market value$152.33M

2.00%

Sole

122.50M

Shared

0.00

None

0.00

BENTLEY SYS INC

SOLE

NOTE 0.125% 1/1

Shares137.04M

TypePRN

Market value$135.65M

1.78%

Sole

137.04M

Shared

0.00

None

0.00

JAMF HLDG CORP

SOLE

NOTE 0.125% 9/0

Shares129M

TypePRN

Market value$124.18M

1.63%

Sole

129M

Shared

0.00

None

0.00

CONMED CORP

SOLE

NOTE 2.250% 6/1

Shares125.02M

TypePRN

Market value$120.02M

1.58%

Sole

125.02M

Shared

0.00

None

0.00

HAEMONETICS CORP MASS

SOLE

NOTE 3/0

Shares119.22M

TypePRN

Market value$116.83M

1.53%

Sole

119.22M

Shared

0.00

None

0.00

NOVOCURE LTD

SOLE

NOTE 11/0

Shares116M

TypePRN

Market value$115.42M

1.52%

Sole

116M

Shared

0.00

None

0.00

TRIPADVISOR INC

SOLE

NOTE 0.250% 4/0

Shares115.89M

TypePRN

Market value$113.57M

1.49%

Sole

115.89M

Shared

0.00

None

0.00

JBT MAREL CORPORATION

SOLE

NOTE 0.250% 5/1

Shares102.01M

TypePRN

Market value$103.22M

1.36%

Sole

102.01M

Shared

0.00

None

0.00

CONFLUENT INC

SOLE

NOTE 1/1

Shares105.61M

TypePRN

Market value$99.80M

1.31%

Sole

105.61M

Shared

0.00

None

0.00

BIOMARIN PHARMACEUTICAL INC

SOLE

NOTE 1.250% 5/1

Shares102.08M

TypePRN

Market value$97.51M

1.28%

Sole

102.08M

Shared

0.00

None

0.00

LUMENTUM HLDGS INC

SOLE

NOTE 0.500%12/1

Shares56.15M

TypePRN

Market value$94.76M

1.24%

Sole

56.15M

Shared

0.00

None

0.00

JAZZ INVESTMENTS I LTD

SOLE

NOTE 2.000% 6/1

Shares88.54M

TypePRN

Market value$94.57M

1.24%

Sole

88.54M

Shared

0.00

None

0.00

GRANITE CONSTR INC

SOLE

NOTE 3.750% 5/1

Shares38M

TypePRN

Market value$92.30M

1.21%

Sole

38M

Shared

0.00

None

0.00

DAYFORCE INC

SOLE

NOTE 0.250% 3/1

Shares92.08M

TypePRN

Market value$90.25M

1.19%

Sole

92.08M

Shared

0.00

None

0.00

TRANSMEDICS GROUP INC

SOLE

NOTE 1.500% 6/0

Shares60M

TypePRN

Market value$85.58M

1.12%

Sole

60M

Shared

0.00

None

0.00

RAPID7 INC

SOLE

NOTE 0.250% 3/1

Shares89.54M

TypePRN

Market value$84.51M

1.11%

Sole

89.54M

Shared

0.00

None

0.00

NEOGENOMICS INC

SOLE

NOTE 0.250% 1/1

Shares96.05M

TypePRN

Market value$83.85M

1.10%

Sole

96.05M

Shared

0.00

None

0.00

VERINT SYSTEMS INC

SOLE

NOTE 0.250% 4/1

Shares82.31M

TypePRN

Market value$81.07M

1.06%

Sole

82.31M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
SEAGATE HDD CAYMANSOLE	NOTE 3.500% 6/0	176.55M	PRN	$509.61M 6.69%	176.55M
INTERDIGITAL INCSOLE	NOTE 3.500% 6/0	80M	PRN	$359.31M 4.72%	80M
RINGCENTRAL INCSOLE	NOTE 3/1	202.50M	PRN	$198.15M 2.60%	202.50M
DEXCOM INCSOLE	NOTE 0.250%11/1	191.71M	PRN	$190.79M 2.51%	191.71M
TELADOC HEALTH INCSOLE	NOTE 1.250% 6/0	188.65M	PRN	$177.64M 2.33%	188.65M
AKAMAI TECHNOLOGIES INCSOLE	NOTE 0.375% 9/0	171.51M	PRN	$164.51M 2.16%	171.51M
UNITY SOFTWARE INCSOLE	NOTE 11/1	171.91M	PRN	$164.00M 2.15%	171.91M
CLOUDFLARE INCSOLE	NOTE 8/1	122.50M	PRN	$152.33M 2.00%	122.50M
BENTLEY SYS INCSOLE	NOTE 0.125% 1/1	137.04M	PRN	$135.65M 1.78%	137.04M
JAMF HLDG CORPSOLE	NOTE 0.125% 9/0	129M	PRN	$124.18M 1.63%	129M
CONMED CORPSOLE	NOTE 2.250% 6/1	125.02M	PRN	$120.02M 1.58%	125.02M
HAEMONETICS CORP MASSSOLE	NOTE 3/0	119.22M	PRN	$116.83M 1.53%	119.22M
NOVOCURE LTDSOLE	NOTE 11/0	116M	PRN	$115.42M 1.52%	116M
TRIPADVISOR INCSOLE	NOTE 0.250% 4/0	115.89M	PRN	$113.57M 1.49%	115.89M
JBT MAREL CORPORATIONSOLE	NOTE 0.250% 5/1	102.01M	PRN	$103.22M 1.36%	102.01M
CONFLUENT INCSOLE	NOTE 1/1	105.61M	PRN	$99.80M 1.31%	105.61M
BIOMARIN PHARMACEUTICAL INCSOLE	NOTE 1.250% 5/1	102.08M	PRN	$97.51M 1.28%	102.08M
LUMENTUM HLDGS INCSOLE	NOTE 0.500%12/1	56.15M	PRN	$94.76M 1.24%	56.15M
JAZZ INVESTMENTS I LTDSOLE	NOTE 2.000% 6/1	88.54M	PRN	$94.57M 1.24%	88.54M
GRANITE CONSTR INCSOLE	NOTE 3.750% 5/1	38M	PRN	$92.30M 1.21%	38M
DAYFORCE INCSOLE	NOTE 0.250% 3/1	92.08M	PRN	$90.25M 1.19%	92.08M
TRANSMEDICS GROUP INCSOLE	NOTE 1.500% 6/0	60M	PRN	$85.58M 1.12%	60M
RAPID7 INCSOLE	NOTE 0.250% 3/1	89.54M	PRN	$84.51M 1.11%	89.54M
NEOGENOMICS INCSOLE	NOTE 0.250% 1/1	96.05M	PRN	$83.85M 1.10%	96.05M
VERINT SYSTEMS INCSOLE	NOTE 0.250% 4/1	82.31M	PRN	$81.07M 1.06%	82.31M

Page 1 of 16

…