Tenere Capital LLC reported 23 positions worth $125.89M for the quarter ended Jun 30, 2026, down 7.7% on the prior quarter. It opened 8 new positions, added to 5, trimmed 10 and exited 7. Its largest holding is Nvidia Corp at 10.6% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| HLT Hilton Worldwide Holdings Inc. | +19.4K | – | $6.42M | 5.1% |
| MTN Vail Resorts Inc | +40.7K | – | $5.54M | 4.4% |
| CSCO Cisco Systems, Inc. | +44.7K | – | $5.25M | 4.17% |
| TMO Thermo Fisher Scientific Inc. | +9,127 | – | $4.58M | 3.63% |
| COF Capital One Financial Corp | +22.8K | – | $4.58M | 3.63% |
| UNH Unitedhealth Group Inc | +9,122 | – | $3.79M | 3.01% |
| CSX Csx Corp | +67.1K | +72.0% | $3.19M | 6.06% |
| EQIX Equinix Inc | +2,998 | – | $3.13M | 2.48% |
| DOCN DigitalOcean Holdings, Inc. | +18.9K | – | $2.97M | 2.36% |
| GS Goldman Sachs Group Inc | +1,991 | +34.4% | $2.01M | 6.25% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| ASML Asml Holding Nv | -6,494 | -81.7% | $12.92M | 2.3% |
| META Meta Platforms, Inc. | -16.4K | -73.2% | $9.26M | 2.7% |
| TSM Taiwan Semiconductor Manufacturing Co Ltd | -16.1K | -56.8% | $7.68M | 4.65% |
| AAPL Apple Inc. | -26.1K | -58.0% | $7.56M | 4.35% |
| BLK BlackRock, Inc. | -6,554 | -100.0% | $6.30M | Exited |
| CAT Caterpillar Inc | -7,429 | -100.0% | $5.26M | Exited |
| ADI Analog Devices Inc | -13.0K | -65.4% | $5.17M | 2.17% |
| INTC Intel Corp | -111.0K | -100.0% | $4.90M | Exited |
| AMAT Applied Materials Inc | -6,085 | -37.1% | $4.40M | 5.93% |
| GEV GE Vernova Inc. | -4,829 | -100.0% | $4.22M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| HLT Hilton Worldwide Holdings Inc. | +19.4K | $6.42M | 5.1% |
| MTN Vail Resorts Inc | +40.7K | $5.54M | 4.4% |
| CSCO Cisco Systems, Inc. | +44.7K | $5.25M | 4.17% |
| TMO Thermo Fisher Scientific Inc. | +9,127 | $4.58M | 3.63% |
| COF Capital One Financial Corp | +22.8K | $4.58M | 3.63% |
| UNH Unitedhealth Group Inc | +9,122 | $3.79M | 3.01% |
| EQIX Equinix Inc | +2,998 | $3.13M | 2.48% |
| DOCN DigitalOcean Holdings, Inc. | +18.9K | $2.97M | 2.36% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| BLK BlackRock, Inc. | -6,554 | $6.30M | 4.62% |
| CAT Caterpillar Inc | -7,429 | $5.26M | 3.86% |
| INTC Intel Corp | -111.0K | $4.90M | 3.59% |
| GEV GE Vernova Inc. | -4,829 | $4.22M | 3.09% |
| MSFT Microsoft Corp | -7,215 | $2.67M | 1.96% |
| COIN Coinbase Global, Inc. | -11.8K | $2.07M | 1.51% |
| KLAR Klarna Group plc | -58.0K | $807.14K | 0.592% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA Nvidia Corp | Technology | 66.7K | $13.35M | 10.61% | -10.6K | -13.7% | Reduced | 0% |
| 2 | GE General Electric Co | Industrials | 26.4K | $9.87M | 7.84% | -7,032 | -21.0% | Reduced | 0% |
| 3 | GS Goldman Sachs Group Inc | Financial Services | 7,774 | $7.86M | 6.25% | +1,991 | +34.4% | Added | 0% |
| 4 | CSX Csx Corp | Industrials | 160.5K | $7.63M | 6.06% | +67.1K | +72.0% | Added | 0.01% |
| 5 | AMAT Applied Materials Inc | Technology | 10.3K | $7.47M | 5.93% | -6,085 | -37.1% | Reduced | 0% |
| 6 | HLT Hilton Worldwide Holdings Inc. | Consumer Discretionary | 19.4K | $6.42M | 5.1% | +19.4K | – | New | 0.01% |
| 7 | V Visa Inc. | Financial Services | 18.1K | $6.21M | 4.93% | +3,788 | +26.5% | Added | 0% |
| 8 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 12.2K | $5.85M | 4.65% | -16.1K | -56.8% | Reduced | 0% |
| 9 | MTN Vail Resorts Inc | Consumer Discretionary | 40.7K | $5.54M | 4.4% | +40.7K | – | New | 0.11% |
| 10 | GOOGL Alphabet Inc. | Technology | 15.3K | $5.48M | 4.35% | +2,567 | +20.1% | Added | 0% |
| 11 | AAPL Apple Inc. | Technology | 18.9K | $5.48M | 4.35% | -26.1K | -58.0% | Reduced | 0% |
| 12 | CSCO Cisco Systems, Inc. | Technology | 44.7K | $5.25M | 4.17% | +44.7K | – | New | 0% |
| 13 | TMO Thermo Fisher Scientific Inc. | Healthcare | 9,127 | $4.58M | 3.63% | +9,127 | – | New | 0% |
| 14 | COF Capital One Financial Corp | Financial Services | 22.8K | $4.58M | 3.63% | +22.8K | – | New | 0% |
| 15 | LLY ELI LILLY & Co | Healthcare | 3,642 | $4.37M | 3.47% | -2,948 | -44.7% | Reduced | 0% |
Tip. Select a row to see that position’s full history at Tenere Capital.
As of its Q2 2026 13F filing, Tenere Capital LLC’s five largest positions were Nvidia Corp (NVDA) at 10.6%, General Electric Co (GE) at 7.8%, Goldman Sachs Group Inc (GS) at 6.2%, Csx Corp (CSX) at 6.1%, Applied Materials Inc (AMAT) at 5.9% of the reported portfolio.
Tenere Capital LLC reported a 13F portfolio worth $125.89M across 23 positions for Q2 2026. That is down 7.7% from the previous quarter.
Its largest purchases by value were Hilton Worldwide Holdings Inc. ($6.42M), Vail Resorts Inc ($5.54M), Cisco Systems, Inc. ($5.25M). It opened 8 new positions.
Its largest sales by value were Asml Holding Nv ($12.92M), Meta Platforms, Inc. ($9.26M), Taiwan Semiconductor Manufacturing Co Ltd ($7.68M). It exited 7 positions entirely.
From the Form 13F-HR reports Tenere Capital LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.