# Tenaron Capital Management LP

> Tenaron Capital Management LP is an SEC-registered investment advisory firm in New York, NY, registered since 2016, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 14, 2026.

- CRD: 283249
- Filed as: TENARON CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/283249
- AdvisorCensus page: https://advisorcensus.com/firm/tenaron-capital-management-lp-new-york-ny-283249

## Quick answers

**How is Tenaron Capital Management LP compensated?**
On its Form ADV (Item 5.E, October 2026), Tenaron Capital Management LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Tenaron Capital Management LP charge?**
Its Form ADV Part 2A brochure dated May 14, 2026 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Tenaron Capital Management LP located?**
Tenaron Capital Management LP's principal office is in New York, NY, according to its Form ADV; the June 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Tenaron Capital Management LP registered with the SEC or a state?**
Tenaron Capital Management LP is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 283249.

**How much does Tenaron Capital Management LP manage?**
Tenaron Capital Management LP reports $56,414,656,384 in regulatory assets under management in its Form ADV filing dated May 14, 2026 (100% discretionary).

**How have Tenaron Capital Management LP's assets and staff changed since 2021?**
In the Form ADV data for Tenaron Capital Management LP: Regulatory assets under management: $25,969,132,570 in the October 2021 data and $56,414,656,384 in the October 2026 data, up 117%. Total employees: 26 in October 2021 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tenaron Capital Management LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does Tenaron Capital Management LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/283249

**What changed in Tenaron Capital Management LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 15 to 16. Regulatory assets under management went from $40,039,369,610 to $56,414,656,384 (+41%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated May 14, 2026)

- Asset-based fee: 1% to 2% a year (a range, as the brochure states it)

> The Funds pay an asset-based fee each quarter, in advance, in an amount ranging from 1.0% to 2.0% per annum based on the value of the net assets of the respective Fund on the first day of the quarter

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $56,414,656,384
- Discretionary: $56,414,656,384
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $56,414,656,384 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2016 (10 years)
- Employees: 26 total, 16 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Beverly Hills, CA
- London

### Websites listed on Form ADV (Item 1.I)
- [tenaroncapital.com](https://tenaroncapital.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $25,969,132,570 | 26 | March 31, 2021 |
| October 2022 | $39,152,902,035 | 26 | March 31, 2022 |
| October 2023 | $18,973,696,088 | 25 | March 30, 2023 |
| October 2024 | $34,401,463,340 | 24 | March 28, 2024 |
| October 2025 | $40,039,369,610 | 26 | March 28, 2025 |
| October 2026 | $56,414,656,384 | 26 | May 14, 2026 |

Regulatory assets under management: $25,969,132,570 in the October 2021 data and $56,414,656,384 in the October 2026 data, up 117%.
Total employees: 26 in October 2021 and 26 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 15 to 16.
- Regulatory assets under management went from $40,039,369,610 to $56,414,656,384 (+41%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tenaron Capital Management LP (CRD 283249): Form ADV filing data as of October 2026.