Latest Tenere Capital LLC Stock Portfolio

$136Million– No. of Holdings #22

Tenere Capital LLC Performance:

2026 Q1: -2.83%YTD: -2.83%2025: 5.92%

Performance for 2026 Q1 is -2.83%, and YTD is -2.83%, and 2025 is 5.92%.

About Tenere Capital LLC and 13F Hedge Fund Stock Holdings

On 2026-05-15, the fund reported it's updated stock portfolio. In the 13F Holdings report, Tenere Capital LLC reported an equity portfolio of $136.4 Millions as of 31 Mar, 2026.

The top stock holdings of Tenere Capital LLC are NVDA, META, AAPL. The fund has invested 9.9% of it's portfolio in NVIDIA CORP and 9.4% of portfolio in META PLATFORMS INC.

The fund managers got completely rid off DANAHER CORP (DHR), CAPITAL ONE FINANCIAL CORP (COF) and IQVIA HOLDINGS INC (IQV) stocks. They significantly reduced their stock positions in AMAZON.COM INC (AMZN), GOLDMAN SACHS (GS) and ALPHABET INC CLASS A COMMON STOCK (GOOG). Tenere Capital LLC opened new stock positions in ASML HOLDING N.V. NEW YORK REGISTRY SHAR (ASML), INTEL CORP (INTC) and SHOPIFY INC - CLASS A (SHOP). The fund showed a lot of confidence in some stocks as they added substantially to META PLATFORMS INC (META), ELI LILLY & CO (LLY) and GENERAL ELECTRIC (GE).

Tenere Capital LLC Equity Portfolio Value

Last Reported on: 15 May, 2026

Tenere Capital LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Tenere Capital LLC made a return of -2.83% in the last quarter. In trailing 12 months, it's portfolio return was 11.72%.

Performance
S&P 500

New Buys

Ticker	$ Bought
asml holding n.v. new york registry shar	10,500,600
intel corp	4,896,750
shopify inc - class a	4,861,520
csx corp	3,830,910

New stocks bought by Tenere Capital LLC

Additions

Ticker	% Inc.
meta platforms inc	287
eli lilly & co	150
general electric	148
nvidia corp	51.61
caterpillar inc	15.16
applied materials	13.39
analog devices	13.06

Additions to existing portfolio by Tenere Capital LLC

Reductions

Ticker	% Reduced
amazon.com inc	-51.06
goldman sachs	-41.69
alphabet inc class a common stock	-41.15
visa inc-class a shares	-40.97
coinbase global inc -class a	-40.71
blackrock funding inc/de	-24.77
microsoft corporation	-19.74
ge vernova llc	-7.9

Tenere Capital LLC reduced stake in above stock

Sold off

Ticker	$ Sold
danaher corp	-7,931,620
capital one financial corp	-7,200,030
iqvia holdings inc	-3,879,310
autodesk inc	-1,355,430

Tenere Capital LLC got rid off the above stocks

Sector Distribution

Tenere Capital LLC has about 32.6% of it's holdings in Technology sector.

Technology
Others
Industrials
Communication Services
Financial Services
Healthcare
Consumer Cyclical

Sector	%
Technology	32.6
Others	26.6
Industrials	13.6
Communication Services	12.1
Financial Services	8.3
Healthcare	4.4
Consumer Cyclical	2.4

Market Cap. Distribution

Tenere Capital LLC has about 73.4% of it's portfolio invested in the large-cap and mega-cap stocks.

MEGA-CAP
UNALLOCATED
LARGE-CAP

Category	%
MEGA-CAP	64.4
UNALLOCATED	26.6
LARGE-CAP	9

Stocks belong to which Index?

About 71.9% of the stocks held by Tenere Capital LLC either belong to S&P 500 or RUSSELL 2000 index.

S&P 500
Others

Index	%
S&P 500	71.9
Others	28.1

Top 5 Winners (%)		%
	ge vernova llc	32.2 %
AMAT	applied materials	30.5 %
CAT	caterpillar inc	21.8 %
ADI	analog devices	16.1 %
TSM	taiwan semi adr	11.1 %

Top 5 Winners ($)		$
AMAT	applied materials	1.3 M
	ge vernova llc	1.1 M
TSM	taiwan semi adr	1.0 M
CAT	caterpillar inc	0.9 M
ADI	analog devices	0.9 M

Top 5 Losers (%)		%
	klarna group plc	-51.9 %
MSFT	microsoft corporation	-21.1 %
COIN	coinbase global inc -class a	-18.1 %
V	visa inc-class a shares	-11.0 %
LLY	eli lilly & co	-10.5 %

Top 5 Losers ($)		$
META	meta platforms inc	-1.2 M
V	visa inc-class a shares	-0.9 M
MSFT	microsoft corporation	-0.9 M
	klarna group plc	-0.9 M
AAPL	apple inc	-0.8 M

Tenere Capital LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Tenere Capital LLC

Tenere Capital LLC has 22 stocks in it's portfolio. About 67.2% of the portfolio is in top 10 stocks. META proved to be the most loss making stock for the portfolio. AMAT was the most profitable stock for Tenere Capital LLC last quarter.

Last Reported on: 15 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	8.39	45,061	11,436,000	reduced	-3.64

ADI	analog devices	4.64	19,908	6,333,530	added	13.06

ADSK	autodesk inc	0.00	0.00	0.00	sold off	-100

AMAT	applied materials	4.12	16,417	5,611,170	added	13.39

AMZN	amazon.com inc	2.37	15,485	3,225,060	reduced	-51.06

ASML	asml holding n.v. new york registry shar	7.70	7,950	10,500,600	new

CAT	caterpillar inc	3.86	7,429	5,263,150	added	15.16

COF	capital one financial corp	0.00	0.00	0.00	sold off	-100

COIN	coinbase global inc -class a	1.51	11,831	2,065,810	reduced	-40.71

CSX	csx corp	2.81	93,323	3,830,910	new

DHR	danaher corp	0.00	0.00	0.00	sold off	-100

GE	general electric	6.96	33,435	9,487,850	added	148

GOOG	alphabet inc class a common stock	2.69	12,769	3,671,850	reduced	-41.15

GS	goldman sachs	3.59	5,783	4,892,360	reduced	-41.69

INTC	intel corp	3.59	110,962	4,896,750	new

IQV	iqvia holdings inc	0.00	0.00	0.00	sold off	-100

LLY	eli lilly & co	4.44	6,590	6,061,280	added	150

META	meta platforms inc	9.42	22,464	12,852,300	added	287

MSFT	microsoft corporation	1.96	7,215	2,670,780	reduced	-19.74

NVDA	nvidia corp	9.89	77,311	13,483,000	added	51.61