Tenzing Global Management, LLC

Fundamental concentrated ★Signal CIK 1624095
League rank
#815
in Fundamental concentrated · #6776 overall
Long book
$120.6M
Q1 2026
Positions
14
Top-10 weight
90%
concentration
Last quarter
+6.7%
SPY +14.8%
Turnover
55%
of book per quarter

Strategy in plain words

auto-generated from filings

Tenzing Global Management, LLC is a concentrated fundamental stock-picker, running a $120.6M US long book across 14 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: META PLATFORMS INC-CLASS A, HERBALIFE LTD, UBER TECHNOLOGIES INC, TAIWAN SEMICONDUCTOR-SP ADR, NETFLIX INC.

Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+3.0%
Q2 2024
-3.1%
Q3 2024
-1.0%
Q4 2024
-2.9%
Q1 2025
+32.5%
Q2 2025
-6.0%
Q3 2025
-3.1%
Q4 2025
+5.9%
Q1 2026
+6.7%

Sector allocation

Technology
42%
Services media
24%
Consumer discretionary
14%
Financials
9%
Industrials
7%
Healthcare
4%

Long book by quarter

$103.2M
Q1 2024
$108.3M
Q2 2024
$116.1M
Q3 2024
$133.8M
Q4 2024
$137.9M
Q1 2025
$148.8M
Q2 2025
$142.4M
Q3 2025
$117.9M
Q4 2025
$120.6M
Q1 2026

What does Tenzing Global own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
META META PLATFORMS INC-CLASS ATechnology42.5K$24.3M20.2%New
HLF HERBALIFE LTDConsumer discretionary1.1M$15.5M12.8%-16.0%
UBER UBER TECHNOLOGIES INCServices media192.5K$13.8M11.5%New
NFLX NETFLIX INCServices media125.0K$12.0M10.0%+66.7%
FSLY FASTLY INC - CLASS ATechnology250.0K$7.3M6.0%New
DAVE DAVE INCFinancials40.0K$7.0M5.8%+300.0%
GOOGL ALPHABET INC-CL ATechnology22.5K$6.5M5.4%-47.1%
NXT NEXTPOWER INC-CL ATechnology40.0K$4.8M4.0%-75.4%
PRE PRENETICS GLOBAL LTD-CL AHealthcare200.0K$3.9M3.2%New
FOXF FOX FACTORY HOLDING CORPIndustrials225.0K$3.7M3.1%-41.6%
XPEL XPEL INCIndustrials75.0K$3.3M2.8%New
CHYM CHIME FINANCIAL INC-CL AFinancials150.0K$2.8M2.3%-66.7%
NTGR NETGEAR INCTechnology100.0K$2.2M1.8%-80.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202614$120.6M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202616$167.1M canonicalSEC ↗
Q3 202513F-HRNov 14, 202523$181.7M canonicalSEC ↗
Q2 202513F-HRAug 14, 202520$159.6M canonicalSEC ↗
Q1 202513F-HRMay 15, 202522$137.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202518$133.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 202420$140.5M canonicalSEC ↗
Q2 202413F-HRAug 14, 202417$156.2M canonicalSEC ↗
Q1 202413F-HRMay 15, 202414$110.0M canonicalSEC ↗