Tenere Capital LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Tenere Capital LLC maintained a portfolio of 31 distinct positions. The most significant new addition to the portfolio was TAIWAN SEMI ADR, which now represents 6.87% of the total fund value. Conversely, Tenere Capital LLC completely exited their position in BLACKSTONE INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
31
Quarter
2025 Q4
Top Holding
AAPL (9.9%)
Top 10 Concentration
67.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 31
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
AAPL
APPLE INC
Technology 9.85% 4.09% #1 11
Prev: #12
4.0 -20,938 -30.9%
P
S
46,762 $12,712,717 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORP
Technology 7.37% 6.61% #2 3
Prev: #5
3.1 -98,409 -65.9%
P
S
50,995 $9,510,568 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BLK
BLACKROCK FUNDI...
Financial Services 7.23% 5.86% #3 5
Prev: #8
3.1 -12,499 -58.9%
P
S
8,712 $9,324,802 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMI ADR
Technology 6.87% #4
Prev: #—
4.7 29,165 no change
NEW
29,165 $8,862,952 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GS
GOLDMAN SACHS
Financial Services 6.76% 6.13% #5 2
Prev: #7
2.9 -22,579 -69.5%
P
S
9,918 $8,717,922 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC-CLASS ...
Financial Services 6.59% 8.17% #6 5
Prev: #1
2.9 -76,717 -76.0%
P
S
24,252 $8,505,419 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DHR
DANAHER CORP
Healthcare 6.15% 4.07% #7 6
Prev: #13
2.6 -51,980 -60.0%
P
S
34,648 $7,931,620 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON.COM INC
Consumer Cyclical 5.66% 7.96% #8 6
Prev: #2
2.5 -121,224 -79.3%
P
S
31,640 $7,303,145 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
COF
CAPITAL ONE FIN...
Financial Services 5.58% #9
Prev: #—
4.2 29,708 no change
NEW
29,708 $7,200,031 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC CL...
Communication Services 5.26% #10
Prev: #—
4.1 21,697 no change
NEW
21,697 $6,791,161 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADI
ANALOG DEVICES
Technology 3.70% #11
Prev: #—
3.5 17,609 no change
NEW
17,609 $4,775,561 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
COIN
COINBASE GLOBAL...
Financial Services 3.50% 2.35% #12 7
Prev: #19
1.5 -9,444 -32.1%
P
S
19,956 $4,512,850 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORPO...
Technology 3.37% 7.58% #13 9
Prev: #4
1.6 -52,772 -85.4%
P
S
8,990 $4,347,744 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GE
GENERAL AEROSPA...
Industrials 3.21% #14
Prev: #—
3.3 13,461 no change
NEW
13,461 $4,146,392 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IQV
IQVIA HOLDINGS ...
Healthcare 3.01% #15
Prev: #—
3.2 17,210 no change
NEW
17,210 $3,879,306 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 2.97% 6.18% #16 10
Prev: #6
1.4 -29,707 -83.7%
P
S
5,800 $3,828,522 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMAT
APPLIED MATERIA...
Technology 2.88% #17
Prev: #—
3.2 14,478 no change
NEW
14,478 $3,720,701 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CAT
CATERPILLAR INC
Industrials 2.86% #18
Prev: #—
3.1 6,451 no change
NEW
6,451 $3,695,584 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GEV
GE VERNOVA LLC
Industrials 2.66% #19
Prev: #—
3.1 5,243 no change
NEW
5,243 $3,426,668 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LLY
ELI LILLY & CO
Healthcare 2.19% #20
Prev: #—
2.9 2,632 no change
NEW
2,632 $2,828,558 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
Klarna Group pl...
Unknown 1.30% #21
Prev: #—
2.5 57,984 no change
NEW
57,984 $1,676,317 13F Filing 2025-12-31 2026-02-14 (Est.)
ADSK
AUTODESK INC
Technology 1.05% 2.42% #22 4
Prev: #18
0.7 -27,584 -85.8%
P
S
4,579 $1,355,430 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BX
BLACKSTONE INC
Financial Services 0.00% 7.79%
Sold All 😨
(Was: #3)
0.3 -192,269 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC
ETF 0.00% 5.67%
Sold All 😨
(Was: #9)
0.3 -19,946 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 0.00% 4.50%
Sold All 😨
(Was: #10)
0.3 -193,690 -100.0%
CLOSED
$— 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NOW
SERVICENOW
Technology 0.00% 4.32%
Sold All 😨
(Was: #11)
0.3 -19,801 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NSC
NORFOLK SOUTHER...
Industrials 0.00% 4.02%
Sold All 😨
(Was: #14)
0.3 -56,398 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EQIX
EQUINIX INC
Real Estate 0.00% 3.79%
Sold All 😨
(Was: #15)
0.3 -20,430 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NKE
NIKE INC CL B
Consumer Cyclical 0.00% 3.55%
Sold All 😨
(Was: #16)
0.3 -214,690 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HUBB
HUBBELL B
Industrials 0.00% 2.90%
Sold All 😨
(Was: #17)
0.3 -28,469 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CCI
CROWN CASTLE IN...
Real Estate 0.00% 2.05%
Sold All 😨
(Was: #20)
0.3 -89,511 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 31 holdings

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