Tenzing Global Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Tenzing Global Management, LLC reported 15 stock positions worth $117.9 million. Its top holding was Herbalife (HLF) at 13.7% of the portfolio, followed by Nextpower (NXT, 12.0%) and Alphabet Class A (GOOGL, 11.3%). Compared with Q3 2025, it opened 4 new positions, sold out of 11, added to 6 and reduced 4. The biggest buy was a new position in Chime Financial Class A (CHYM) and the biggest sale an exit from Yext (YEXT).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001624095
- Portfolio Value
- $117.9M (Q4 2025)
- SEC Filing
- 0001214659-26-001988 ↗ filed Feb 17, 2026
Holdings Value
Holdings 15 stocks · $117.9M
| HLF Herbalife Ltd. | 13.66% | 1,250,000 | $16.1M | Add +17.6% |
| NXT Nextpower Inc. | 12.01% | 162,500 | $14.2M | Add +225.0% |
| GOOGL Alphabet Inc. Class A | 11.28% | 42,500 | $13.3M | Add +70.0% |
| NTGR Netgear Inc. | 10.40% | 500,000 | $12.3M | No change |
| TSM Taiwan Semiconductor-SP ADR | 10.31% | 40,000 | $12.2M | Add +100.0% |
| CHYM Chime Financial Inc. Class A | 9.61% | 450,000 | $11.3M | New |
| URBN Urban Outfitters Inc. | 6.38% | 100,000 | $7.5M | Reduce -18.4% |
| NFLX Netflix Inc. | 5.96% | 75,000 | $7.0M | Add +114.3% |
| FOXF Fox Factory Holding Corp. | 5.59% | 385,000 | $6.6M | Reduce -23.0% |
| GNRC Generac Holdings Inc. | 5.20% | 45,000 | $6.1M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 2.96% | 75,000 | $3.5M | New |
| DAVE Dave Inc. | 1.88% | 10,000 | $2.2M | Reduce -66.7% |
| TYGO Tigo Energy Inc. | 1.83% | 1,562,950 | $2.2M | Add +95.4% |
| YELP Yelp Inc. | 1.55% | 60,000 | $1.8M | New |
| GOGO Gogo Inc. | 1.38% | 350,000 | $1.6M | Reduce -70.2% |
Options reported separately and not counted above: IWM puts ($49.2M).
Portfolio Sells Q3 2025 → Q4 2025
| YEXT Yext Inc. | Sold out | 0.00% | −6.88 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −5.75 |
| GOGO Gogo Inc. | Reduce -70.2% | 1.38% | −5.70 |
| SIG Signet Jewelers Ltd. | Sold out | 0.00% | −5.39 |
| AEO American Eagle Outfitters | Sold out | 0.00% | −5.26 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −4.06 |
| PTON Peloton Interactive Inc. Class A | Sold out | 0.00% | −3.32 |
| FOXF Fox Factory Holding Corp. | Reduce -23.0% | 5.59% | −2.94 |
| FISV Fiserv Inc. | Sold out | 0.00% | −2.72 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −2.58 |
| DAVE Dave Inc. | Reduce -66.7% | 1.88% | −2.32 |
| TPR Tapestry Inc. | Sold out | 0.00% | −2.19 |
| DLTH Duluth Holdings Inc. Class B | Sold out | 0.00% | −1.65 |
| APPS Digital Turbine Inc. | Sold out | 0.00% | −1.46 |
| URBN Urban Outfitters Inc. | Reduce -18.4% | 6.38% | +0.24 |
Portfolio Buys Q3 2025 → Q4 2025
| CHYM Chime Financial Inc. Class A | New | 9.61% | +9.61 |
| NXT Nextpower Inc. | Add +225.0% | 12.01% | +9.41 |
| HLF Herbalife Ltd. | Add +17.6% | 13.66% | +7.37 |
| GOOGL Alphabet Inc. Class A | Add +70.0% | 11.28% | +7.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +100.0% | 10.31% | +6.39 |
| GNRC Generac Holdings Inc. | New | 5.20% | +5.20 |
| NFLX Netflix Inc. | Add +114.3% | 5.96% | +3.02 |
| ONON On Holding AG Class A | New | 2.96% | +2.96 |
| YELP Yelp Inc. | New | 1.55% | +1.55 |
| TYGO Tigo Energy Inc. | Add +95.4% | 1.83% | +0.42 |
Options Activity Q3 2025 → Q4 2025
| IWM iShares Russell 2000 ETF | put | Add +23.1% | 200,000 | $49.2M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $118.8M | META, HLF, UBER, NVDA, NFLX |
| Q1 2026 | 14 | $120.6M | META, HLF, UBER, TSM, NFLX |
| Q4 2025 | 15 | $117.9M | HLF, NXT, GOOGL, NTGR, TSM |
| Q3 2025 | 22 | $142.4M | NTGR, FOXF, GOGO, YEXT, HLF |
| Q2 2025 | 19 | $148.8M | GOGO, NTGR, TSM, YEXT, FOXF |
| Q1 2025 | 22 | $137.9M | GOGO, YEXT, NTGR, VSAT, UBER |
| Q4 2024 | 18 | $133.8M | GOGO, YEXT, UPWK, NFLX, NTGR |
| Q3 2024 | 19 | $116.1M | CRCT, YEXT, VSTO, FSLR, GOGO |
| Q2 2024 | 16 | $108.3M | GOGO, CRCT, VSTO, META, TSM |
| Q1 2024 | 13 | $103.2M | GOGO, META, VSTO, TSM, YELP |