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TENZING GLOBAL MANAGEMENT, LLC

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SAN FRANCISCO CA Investment Advisor Hedge Fund Activist Investor
13F Summary
Tenzing Global Management is based out of San Francisco. Tenzing Global Management is a hedge fund with 2 clients and discretionary assets under management (AUM) of $272,996,320 (Form ADV from 2024-03-28). Their last reported 13F filing for Q4 2024 included $133,751,090 in managed 13F securities and a top 10 holdings concentration of 76.37%. Tenzing Global Management's largest holding is Gogo Inc with shares held of 2,075,000. Whalewisdom has at least 35 13F filings, and 20 13D filings
Business Description
Tenzing Global began operations in 2011 as an investment adviser headquartered in San Francisco. Their goal is to significantly compound their clients' capital through a concentrated, long-term, value-oriented approach. They serve two clients, both managing substantially the same investment strategy: Tenzing Global Investors Fund I, LP ("the Tenzing Fund"), for which Tenzing Global is the investment adviser, and a pooled vehicle sponsored by a third party ("the Sub-Advised Fund"), for which Tenzing Global is the investment sub-adviser. Tenzing Global's advisory business includes a variety of costs and expenses related to investment research and due diligence, regulatory and governmental fees, client reporting, client governance activities, and the operation and administration of collective investment vehicles. They also cover costs and expenses related to the management, operation, purchase, sale, and transmittal of investments and other client assets.
Investment Strategy
Tenzing Global primarily invests in the technology and consumer sectors, focusing on quality businesses with high barriers to entry and a pathway to sustainable growth and profitability. They prioritize valuation, targeting stocks trading at significant discounts to intrinsic value, which may arise due to temporary market or sector-related dislocations or company-specific overhangs. They generally focus on small- and mid-capitalization public companies, but occasionally invest in large-capitalization companies that meet their criteria. Tenzing Global acquires equity and equity-related securities across various sectors in U.S. and non-U.S. public markets, and also takes short positions in equity securities. They are not restricted in the types of securities or instruments they can buy for their clients, the types of positions they can take, or the amount of leverage they can employ. They manage investments in accordance with the investment objectives, strategies, guidelines, and terms and conditions outlined in each client's respective governing documents.
Owners
  • KAPOOR, CHETAN, OVINDER - MANAGING MEMBER, CHIEF INVESTMENT OFFICER, CEO
  • SIMMONS, MARK, GERALD - CFO, CCO
  • Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-12-31

Top Buys (13F)

Name % Change
UPWK Upwork Inc 7.04%
GOGO Gogo Inc 5.91%
VSAT Viasat Inc 5.36%
NXT Nextracker Inc 4.94%
GEAR Revelyst Inc. 4.31%

2024-12-31

Top Sells (13F)

Name % Change
QQQ Invesco QQQ Trust, S (PUT) 17.37%
VSTO Vista Outdoor Inc 9.76%
CRCT Cricut Inc 6.66%
FSLR First Solar Inc 4.03%
PDD PDD Holdings Inc 2.64%

2024-12-31

13F Holdings Summary

Name $ Change
GOGO Gogo Inc 12.55%
YEXT Yext Inc 12.07%
UPWK Upwork Inc 10.39%
NFLX Netflix Inc 8.25%
NTGR Netgear, Inc 5.99%

2024-12-31

13F Activity

Market Value $134m, Prior: $141m
Inflows (Outflows) as % of Total MV (-4.4327)%
New Purchases 4 stocks
Added To 8 stocks
Sold out of 6 stocks
Reduced holdings in 5 stocks
Top 10 Holdings % 76.37%
Turnover %[1] 41.67%
Turnover Alt %[2] 38.2%
Time Held Top 20 4.5 quarters
Time Held Top 10 3.5 quarters
Time Held All 4.61 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31

13F Sector Allocation Over Time

limited to past 4 quarters. Subscribe to see all available data

2024-12-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31

Portfolio Performance