Tenzing Global Management 13F annual report
Tenzing Global Management is an investment fund managing more than $115 billion ran by Mark Simmons. There are currently 13 companies in Mr. Simmons’s portfolio. The largest investments include Gogo Inc and Yelp Inc, together worth $51.1 billion.
$115 billion Assets Under Management (AUM)
As of 7th November 2023, Tenzing Global Management’s top holding is 2,500,000 shares of Gogo Inc currently worth over $29.8 billion and making up 26.0% of the portfolio value.
Relative to the number of outstanding shares of Gogo Inc, Tenzing Global Management owns more than approximately 0.1% of the company.
In addition, the fund holds 512,500 shares of Yelp Inc worth $21.3 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Uber Technologies Inc worth $13.8 billion and the next is DoorDash Inc worth $13.1 billion, with 165,000 shares owned.
Currently, Tenzing Global Management's portfolio is worth at least $115 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 Tenzing Global Management
The Tenzing Global Management office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Mark Simmons serves as the CCO at Tenzing Global Management.
Recent trades
In the most recent 13F filing, Tenzing Global Management revealed that it had opened a new position in
DoorDash Inc and bought 165,000 shares worth $13.1 billion.
On the other hand, there are companies that Tenzing Global Management is getting rid of from its portfolio.
Tenzing Global Management closed its position in Brightcove Inc on 14th November 2023.
It sold the previously owned 2,250,000 shares for $14.2 million.
Mark Simmons also disclosed a decreased stake in Gogo Inc by approximately 0.1%.
This leaves the value of the investment at $29.8 billion and 2,500,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Tenzing Global Management are Slocum, Gordon & Co LL.P. and New Perspectives, Inc. They manage $115 billion and $115 billion respectively.
Mark Simmons investment strategy
Tenzing Global Management’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 57.1% of
the total portfolio value.
The fund focuses on investments in the United States as
84.6% 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
46% 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 $72.2 billion.
The complete list of Tenzing Global Management trades based on 13F SEC filings
These positions were updated on November 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 |
|---|---|---|---|
| Gogo Inc |
9.09%
2,500,000
|
$29,825,000,000 | 25.98% |
| Yelp Inc |
74.38%
512,500
|
$21,314,875,000 | 18.56% |
| Uber Technologies Inc |
85.54%
300,000
|
$13,797,000,000 | 12.02% |
| DoorDash Inc |
Opened
165,000
|
$13,112,550,000 | 11.42% |
| Meta Platforms Inc |
58.33%
37,500
|
$11,257,875,000 | 9.80% |
| Yext Inc |
Opened
925,000
|
$5,855,250,000 | 5.10% |
| Enphase Energy Inc |
Opened
45,000
|
$5,406,750,000 | 4.71% |
| Arista Networks Inc |
Opened
22,623
|
$4,161,048,000 | 3.62% |
| Shutterstock Inc |
Opened
100,000
|
$3,805,000,000 | 3.31% |
| PayPal Holdings Inc |
Opened
37,500
|
$2,192,250,000 | 1.91% |
| Vimeo Inc |
Opened
500,000
|
$1,770,000,000 | 1.54% |
| Microvast Holdings Inc |
Opened
875,000
|
$1,653,750,000 | 1.44% |
| QuantumScape Corporation |
Opened
100,000
|
$669,000,000 | 0.58% |
| Brightcove Inc |
Closed
2,250,000
|
$14,175,000 | |
| Expedia Group Inc |
Closed
75,000
|
$7,027,000 | |
| Enovix Corporation |
Closed
325,000
|
$5,959,000 | |
| Flex Ltd |
Closed
225,000
|
$3,749,000 | |
| Wolfspeed Inc |
Closed
35,000
|
$3,618,000 | |
| Amazon.com Inc. |
Closed
32,000
|
$3,616,000 | |
| RH |
Closed
10,000
|
$2,461,000 | |
| Peloton Interactive Inc |
Closed
100,000
|
$693,000 | |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
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