Tenzing Global Management, LLC

Hedge Fund • Long/Short

Tenzing Global Management, LLC is a Long/Short Hedge Fund based in San Francisco, CA led by Chetan Ovinder Kapoor, reporting $236.2M in AUM as of Q3 2025 with 37% Consumer Cyclical concentration and 67% concentrated in top 10 holdings.

CEOChetan Ovinder Kapoor

Portfolio Value: $142.4M
Positions: 22
Top Holding: NTGR at 11.37%
Last Reported: Q3 2025

Address90 New Montgomery Street, Suite 650, San Francisco, CA, 94105-4572, United States

Top Holdings

Largest long holdings in Tenzing Global Management, LLC's portfolio (67% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Netgear NTGR	Communication Equipment Technology	$16.2M	11.37%	-$3.2M Sold	1.72% 500.0K shares	Q3 2024 Held for 1y 2m
2 Fox Factory Holding Corp. FOXF	Auto - Parts Consumer Cyclical	$12.1M	8.53%	+$3.6M Bought	1.20% 500.0K shares	Q2 2025 Held for 5 months
3 Gogo GOGO	Telecommunications Services Communication Services	$10.1M	7.09%	-$9.0M Sold	0.88% 1.2M shares	Q1 2019 Held for 6y 8m
4 Yext YEXT	Software - Infrastructure Technology	$9.8M	6.88%	-$1.1M Sold	0.93% 1.2M shares	Q4 2022 Held for 2y 11m
5 Herbalife HLF	Packaged Foods Consumer Defensive	$9.0M	6.30%	+$5.4M Bought	1.03% 1.1M shares	Q1 2025 Held for 8 months
6 Urban Outfitters URBN	Apparel - Retail Consumer Cyclical	$8.8M	6.14%	+$535.7K Bought	0.14% 122.5K shares	Q2 2025 Held for 5 months
7 Applied Materials AMAT	Semiconductors Technology	$8.2M	5.75%	+$1.0M Bought	0.01% 40.0K shares	Q2 2025 Held for 5 months
8 Signet Jewelers SIG	Luxury Goods Consumer Cyclical	$7.7M	5.39%	+$7.7M New	0.20% 80.0K shares	Q3 2025 Held for 2 months
9 American Eagle Outfitters AEO	Apparel - Retail Consumer Cyclical	$7.5M	5.26%	+$7.5M New	0.26% 437.5K shares	Q3 2025 Held for 2 months
10 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$6.1M	4.27%	+$6.1M New	0.00% 25.0K shares	Q3 2025 Held for 2 months

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Tenzing Global Management, LLC's latest filing

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GthenC

Market Value

$142.4M

Prior: $145.1M

Q/Q Change

-1.82%

-$2.6M

Net Flows % of MV

-1.79%

Turnover Ratio

35.54%

New Purchases

7 stocks

$35.2M

Added To

6 stocks

+$13.6M

Sold Out Of

5 stocks

$18.4M

Reduced Holdings

8 stocks

-$33.0M

Increased Positions

Position	Shares Δ	Change
1 Signet Jewelers SIG	New	0 → 80.0K +$7.7M
2 American Eagle Outfitters AEO	New	0 → 437.5K +$7.5M
3 Alphabet Inc. GOOGL	New	0 → 25.0K +$6.1M
4 lululemon athletica LULU	New	0 → 32.5K +$5.8M
5 FISV Fiserv, Inc. Common Stock FISV	New	0 → 30.0K +$3.9M

Decreased Positions

Position	Shares Δ	Change
1 UnitedHealth Group UNH	Sold	17.5K → 0 −$5.5M
2 Texas Roadhouse TXRH	Sold	22.5K → 0 −$4.2M
3 Allbirds, Inc. BIRD	Sold	353.9K → 0 −$3.8M
4 Enphase Energy ENPH	Sold	87.5K → 0 −$3.5M
5 Viasat VSAT	Sold	100.0K → 0 −$1.5M