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