TENOR CAPITAL MANAGEMENT Co., L.P.

Portfolio Overview

Tenor Capital Management Co., L.P. manages a concentrated yet diversified portfolio valued at approximately $7.60 billion as of September 30, 2025. The fund experienced modest growth of 2.6% during the quarter, increasing assets under management from $7.41 billion. The portfolio consists of 381 individual holdings, suggesting a "core and satellite" approach where a large number of smaller positions surround a select group of major investments.

The portfolio exhibits a "ba...