Tenere Capital 13F annual report
Tenere Capital is an investment fund managing more than $337 billion ran by Jeffrey Sarrett. There are currently 28 companies in Mr. Sarrett’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $45.9 billion.
$337 billion Assets Under Management (AUM)
As of 7th August 2024, Tenere Capital’s top holding is 52,001 shares of Microsoft currently worth over $23.2 billion and making up 6.9% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Tenere Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 107,532 shares of Apple Inc worth $22.6 billion, whose value grew 18.1% in the past six months.
The third-largest holding is Alphabet Inc Class A Common Stock worth $19 billion and the next is Visa Inc-class A Shares worth $17.7 billion, with 67,615 shares owned.
Currently, Tenere Capital's portfolio is worth at least $337 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Tenere Capital
The Tenere Capital office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Jeffrey Sarrett serves as the Chief Financial Officer at Tenere Capital.
Recent trades
In the most recent 13F filing, Tenere Capital revealed that it had opened a new position in
Palo Alto Network Inc and bought 44,321 shares worth $15 billion.
The investment fund also strengthened its position in Microsoft by buying
16,062 additional shares.
This makes their stake in Microsoft total 52,001 shares worth $23.2 billion.
Microsoft soared 25.5% in the past year.
On the other hand, there are companies that Tenere Capital is getting rid of from its portfolio.
Tenere Capital closed its position in Canadian Pacific Kansas City L on 14th August 2024.
It sold the previously owned 188,804 shares for $16.6 billion.
Jeffrey Sarrett also disclosed a decreased stake in Alphabet Inc Class A Common Stock by 0.4%.
This leaves the value of the investment at $19 billion and 104,287 shares.
One of the smaller hedge funds
The two most similar investment funds to Tenere Capital are Pinnacle and Philadelphia Management Of San Francisco. They manage $337 billion and $337 billion respectively.
Jeffrey Sarrett investment strategy
Tenere Capital’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 33.9% of
the total portfolio value.
The fund focuses on investments in the United States as
71.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
71% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $296 billion.
The complete list of Tenere Capital trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
44.69%
52,001
|
$23,241,847,000 | 6.90% |
| Apple Inc |
95.07%
107,532
|
$22,648,390,000 | 6.72% |
| Alphabet Inc Class A Common Stock |
35.51%
104,287
|
$18,995,877,000 | 5.64% |
| Visa Inc-class A Shares |
1.71%
67,615
|
$17,746,909,000 | 5.27% |
| Thermo Fisher Scientific Inc. |
1.71%
31,089
|
$17,192,217,000 | 5.10% |
| Canadian Pacific Kansas City L |
Closed
188,804
|
$16,646,849,000 | |
| Taiwan Semi Adr |
30.98%
94,796
|
$16,476,493,000 | 4.89% |
| Union Pacific Cp |
1.71%
72,740
|
$16,458,152,000 | 4.88% |
| Palo Alto Network Inc |
Opened
44,321
|
$15,025,262,000 | 4.46% |
| Amazon.com Inc. |
21.09%
72,450
|
$14,000,963,000 | 4.16% |
| ServiceNow Inc |
47.60%
17,669
|
$13,899,672,000 | 4.13% |
| Rockwell Automation Inc |
Closed
43,661
|
$12,719,759,000 | |
| Analog Devices Inc. |
Opened
55,224
|
$12,605,430,000 | 3.74% |
| T-Mobile US, Inc. |
Closed
75,089
|
$12,256,027,000 | |
| Boston Scientific Corp. |
Closed
174,067
|
$11,921,849,000 | |
| NVIDIA Corp |
Closed
12,849
|
$11,609,842,000 | |
| Broadcom Inc |
Opened
7,154
|
$11,485,962,000 | 3.41% |
| Autodesk Inc. |
Closed
43,231
|
$11,258,217,000 | |
| Datadog Inc |
41.53%
86,590
|
$11,229,857,000 | 3.33% |
| Meta Platforms Inc |
46.17%
21,009
|
$10,593,158,000 | 3.14% |
| Blackstone Inc |
1.71%
85,473
|
$10,581,557,000 | 3.14% |
| Icon Plc |
Opened
31,766
|
$9,957,688,000 | 2.96% |
| Dell Technologies -c |
Opened
71,803
|
$9,902,352,000 | 2.94% |
| Norfolk Southern Corp. |
Opened
44,746
|
$9,606,519,000 | 2.85% |
| Marvell Technology Inc |
55.29%
132,268
|
$9,245,533,000 | 2.74% |
| Nike, Inc. |
14.26%
118,567
|
$8,936,395,000 | 2.65% |
| Micron Technology Inc. |
36.23%
65,573
|
$8,624,817,000 | 2.56% |
| Danaher Corp. |
1.72%
34,454
|
$8,608,332,000 | 2.56% |
| Bio-Techne Corp |
1.71%
114,253
|
$8,186,227,000 | 2.43% |
| Oracle Corp. |
Opened
56,360
|
$7,958,032,000 | 2.36% |
| Estee Lauder |
16.79%
68,479
|
$7,286,166,000 | 2.16% |
| NextEra Energy Inc |
36.10%
84,740
|
$6,000,439,000 | 1.78% |
| Vertiv Holdings Co |
Opened
60,733
|
$5,257,656,000 | 1.56% |
| Adobe Inc |
33.05%
9,300
|
$5,166,522,000 | 1.53% |
| Repligen Corp. |
Closed
25,680
|
$4,723,066,000 | |
| No transactions found | |||
| Showing first 500 out of 35 holdings | |||
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