Tenere Capital LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Tenere Capital LLC reported 23 stock positions worth $377.6 million. Its top holding was Microsoft (MSFT) at 7.8% of the portfolio, followed by Alphabet Class A (GOOGL, 7.0%) and Visa Class A (V, 6.8%). Compared with Q3 2024, it opened 7 new positions, sold out of 10, added to 7 and reduced 7. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale an exit from Adobe (ADBE).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001849517
- Portfolio Value
- $377.6M (Q4 2024)
- SEC Filing
- 0001849517-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 23 stocks · $377.6M
| MSFT Microsoft Corp. | 7.81% | 69,933 | $29.5M | Add +27.5% |
| GOOGL Alphabet Inc. Class A | 7.05% | 140,559 | $26.6M | Add +6.9% |
| V Visa Inc. Class A | 6.77% | 80,903 | $25.6M | Add +13.5% |
| BLK BlackRock Inc. | 6.19% | 22,786 | $23.4M | Add +50.0% |
| AMZN Amazon.com Inc. | 5.85% | 100,700 | $22.1M | New |
| AAPL Apple Inc. | 5.33% | 80,331 | $20.1M | Reduce -27.6% |
| BX Blackstone Inc. | 5.13% | 112,300 | $19.4M | Add +24.6% |
| MRVL Marvell Technology Inc. | 4.90% | 167,423 | $18.5M | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 4.81% | 31,013 | $18.2M | No change |
| EQIX Equinix Inc. | 4.47% | 17,900 | $16.9M | New |
| NVDA Nvidia Corp. | 4.44% | 124,897 | $16.8M | Reduce -30.5% |
| AVGO Broadcom Inc. | 4.14% | 67,435 | $15.6M | Reduce -26.4% |
| NKE Nike Inc. Class B | 3.72% | 185,562 | $14.0M | Reduce -23.2% |
| DDOG Datadog Inc. Class A | 3.66% | 96,719 | $13.8M | Reduce -21.2% |
| UNP Union Pacific Corp. | 3.57% | 59,029 | $13.5M | Add +53.6% |
| DHR Danaher Corp. | 3.52% | 57,928 | $13.3M | Add +59.5% |
| ROK Rockwell Automation Inc. | 3.21% | 42,400 | $12.1M | New |
| NSC Norfolk Southern Corp. | 2.93% | 47,196 | $11.1M | No change |
| ADSK Autodesk Inc. | 2.90% | 37,100 | $11.0M | New |
| TSM Taiwan Semiconductor-SP ADR | 2.82% | 53,847 | $10.6M | Reduce -4.9% |
| GS Goldman Sachs Group Inc. | 2.73% | 18,000 | $10.3M | New |
| APO Apollo Global Management Inc. | 2.69% | 61,500 | $10.2M | New |
| PCOR Procore Technologies Inc. | 1.37% | 68,900 | $5.2M | New |
Portfolio Sells Q3 2024 → Q4 2024
| ADBE Adobe Inc. | Sold out | 0.00% | −4.62 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −4.06 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −3.96 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −3.56 |
| TECH Bio-Techne Corp. | Sold out | 0.00% | −3.40 |
| ICLR Icon PLC | Sold out | 0.00% | −3.21 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −3.01 |
| NKE Nike Inc. Class B | Reduce -23.2% | 3.72% | −1.96 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −1.87 |
| AAPL Apple Inc. | Reduce -27.6% | 5.33% | −1.55 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −1.42 |
| NVDA Nvidia Corp. | Reduce -30.5% | 4.44% | −1.35 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.88 |
| DDOG Datadog Inc. Class A | Reduce -21.2% | 3.66% | −0.09 |
| AVGO Broadcom Inc. | Reduce -26.4% | 4.14% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -4.9% | 2.82% | +0.20 |
| MRVL Marvell Technology Inc. | Reduce -1.7% | 4.90% | +1.63 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | New | 5.85% | +5.85 |
| EQIX Equinix Inc. | New | 4.47% | +4.47 |
| ROK Rockwell Automation Inc. | New | 3.21% | +3.21 |
| ADSK Autodesk Inc. | New | 2.90% | +2.90 |
| GS Goldman Sachs Group Inc. | New | 2.73% | +2.73 |
| APO Apollo Global Management Inc. | New | 2.69% | +2.69 |
| BLK BlackRock Inc. | Add +50.0% | 6.19% | +2.35 |
| V Visa Inc. Class A | Add +13.5% | 6.77% | +1.56 |
| MSFT Microsoft Corp. | Add +27.5% | 7.81% | +1.54 |
| BX Blackstone Inc. | Add +24.6% | 5.13% | +1.46 |
| PCOR Procore Technologies Inc. | New | 1.37% | +1.37 |
| GOOGL Alphabet Inc. Class A | Add +6.9% | 7.05% | +1.25 |
| UNP Union Pacific Corp. | Add +53.6% | 3.57% | +1.05 |
| DHR Danaher Corp. | Add +59.5% | 3.52% | +0.84 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 23 | $125.9M | NVDA, GE, GS, CSX, AMAT |
| Q1 2026 | 22 | $136.4M | NVDA, META, AAPL, ASML, TSM |
| Q4 2025 | 22 | $129.1M | AAPL, NVDA, BLK, TSM, GS |
| Q3 2025Amended | 21 | $424.0M | V, AMZN, BX, MSFT, NVDA |
| Q2 2025 | 19 | $390.5M | META, MSFT, BX, NVDA, ADI |
| Q1 2025 | 21 | $363.4M | MSFT, DHR, BX, NVDA, AMZN |
| Q4 2024 | 23 | $377.6M | MSFT, GOOGL, V, BLK, AMZN |
| Q3 2024 | 26 | $376.2M | AAPL, MSFT, NVDA, GOOGL, NKE |
| Q2 2024 | 28 | $336.9M | MSFT, AAPL, GOOGL, V, TMO |
| Q1 2024 | 27 | $335.9M | GOOGL, META, TSM, V, TMO |