ZAZOVE ASSOCIATES LLC
CIK: 0001009012Latest portfolio: $1.2B · Q4 2025
Holdings
160
Total Value
$1.2B
New Positions
153
Closed Positions
0
Top Holdings
View All 160 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | DUK 4.125 04/15/26DUKE ENERGY CORP NEW | 61,110,000 | $63.0M | 5.43% | NEW | |
| 2 | TTEK 2.25 08/15/28TETRA TECH INC NEW | 56,880,000 | $61.8M | 5.32% | NEW | |
| 3 | TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST | 60,945,000 | $61.8M | 5.32% | NEW | |
| 4 | PSN 2.625 03/01/29PARSONS CORP DEL | 59,237,000 | $61.2M | 5.27% | NEW | |
| 5 | VTR 3.75 06/01/26VENTAS RLTY LTD PARTNERSHIP | 42,175,000 | $59.8M | 5.15% | NEW | |
| 6 | SPOT 0 03/15/26SPOTIFY USA INC | 49,276,000 | $56.1M | 4.83% | NEW | |
| 7 | MKSI 1.25 06/01/30MKS INC. | 41,180,000 | $52.7M | 4.54% | NEW | |
| 8 | FLR 1.125 08/15/29FLUOR CORP | 39,930,000 | $45.7M | 3.93% | NEW | |
| 9 | NTNX 0.25 10/01/27NUTANIX INC | 30,975,000 | $34.9M | 3.00% | NEW | |
| 10 | ITRI 1.375 07/15/30ITRON INC | 33,865,000 | $34.3M | 2.96% | NEW | |
| 11 | JAZZ 3.125 09/15/30JAZZ INVESTMENTS I LTD | 23,135,000 | $30.9M | 2.66% | NEW | |
| 12 | PPL 2.875 03/15/28PPL CAP FDG INC | 27,880,000 | $30.6M | 2.64% | NEW | |
| 13 | SO 4.5 06/15/27SOUTHERN CO | 28,550,000 | $30.5M | 2.63% | NEW | |
| 14 | RGEN 1 12/15/28REPLIGEN CORP | 26,300,000 | $28.9M | 2.49% | NEW | |
| 15 | SSRMCN 2.5 04/01/39SSR MINING IN | 21,755,000 | $28.6M | 2.46% | NEW | |
| 16 | GWRE 1.25 11/01/29GUIDEWIRE SOFTWARE INC | 25,305,000 | $27.9M | 2.40% | NEW | |
| 17 | VRNS 1 09/15/29VARONIS SYS INC | 23,985,000 | $22.3M | 1.92% | NEW | |
| 18 | HAE 2.5 06/01/29HAEMONETICS CORP MASS | 21,275,000 | $22.1M | 1.91% | NEW | |
| 19 | AVAV 0 07/15/30AEROVIRONMENT INC | 19,815,000 | $21.6M | 1.86% | NEW | |
| 20 | EVRG 4.5 12/15/27EVERGY INC | 17,265,000 | $21.1M | 1.82% | NEW | |
| 21 | BAC 0.6 05/25/27 MTNBOFA FIN LLC | 18,942,000 | $20.6M | 1.77% | NEW | |
| 22 | BKD 2 10/15/26BROOKDALE SR LIVING INC | 14,350,000 | $19.7M | 1.70% | NEW | |
| 23 | ITGR 2.125 02/15/28INTEGER HLDGS CORP | 15,445,000 | $17.5M | 1.50% | NEW | |
| 24 | BHR 4.5 06/01/26BRAEMAR HOTELS & RESORTS INC | 17,450,000 | $17.2M | 1.48% | NEW | |
| 25 | GPN 1.5 03/01/31GLOBAL PMTS INC | 16,960,000 | $15.3M | 1.31% | NEW |
Quarterly Changes
New Positions
- $63.0M
- $61.8M
- $61.8M
- $61.2M
- $59.8M
- $56.1M
- $52.7M
- $45.7M
- $34.9M
- $34.3M
Closed Positions
No closed positions this quarter
Sector Breakdown
UnknownNaN% ($InfinityT)
Technology0.0% ($5137219218881222.0T)
Basic Materials0.0% ($4032135312409073.5T)
Energy0.0% ($3210441325.3T)
Communication Services0.0% ($4295300.5T)
Industrials0.0% ($2972221.7T)
Consumer Cyclical0.0% ($1673150.0T)
Financial Services0.0% ($5.0T)
Consumer Defensive0.0% ($2.4B)
Healthcare0.0% ($189.1M)
Real Estate0.0% ($7.0M)
Utilities0.0% ($298K)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 18, 2026 | $1.2B | 171 |
| Q3 2025 | Oct 17, 2025 | $1.1T | 0 |
| Q2 2025 | Aug 12, 2025 | $1.2T | 156 |
| Q1 2025 | May 13, 2025 | $1.2T | 156 |
| Q4 2024 | Feb 13, 2025 | $1.0T | 132 |
| Q3 2024 | Nov 13, 2024 | $935.2T | 128 |
| Q2 2024 | Aug 14, 2024 | $848.8T | 118 |
| Q1 2024 | May 7, 2024 | $720.8B | 112 |
| Q4 2023 | Jan 31, 2024 | $804.0B | 138 |
| Q3 2023 | Oct 31, 2023 | $964.2T | 149 |
| Q2 2023 | Aug 7, 2023 | $1.1T | 135 |
| Q1 2023 | May 4, 2023 | $1.1T | 141 |
| Q4 2022 | Jan 31, 2023 | $1.1T | 149 |
| Q3 2022 | Dec 6, 2022 | $1.1T | 185 |
| Q3 2022 | Oct 24, 2022 | $1.1T | 167 |
| Q1 2022 | Apr 22, 2022 | $1.1T | 166 |
| Q3 2021 | Oct 25, 2021 | $1.1T | 154 |
| Q2 2021 | Jul 22, 2021 | $1.1T | 151 |
| Q1 2021 | Apr 27, 2021 | $847.5B | 116 |
| Q4 2020 | Feb 10, 2021 | $814.7B | 113 |
| Q3 2020 | Oct 27, 2020 | $769.1B | 109 |
| Q2 2020 | Aug 4, 2020 | $21873.8T | 107 |
| Q1 2020 | Apr 29, 2020 | $833.3B | 125 |
| Q4 2019 | Jan 22, 2020 | $1.2T | 121 |
| Q3 2019 | Oct 28, 2019 | $1.3T | 127 |
| Q2 2019 | Jul 30, 2019 | $1.1T | 128 |
| Q1 2019 | May 13, 2019 | $1.1T | 111 |
| Q4 2018 | Feb 8, 2019 | $924.7B | 107 |
| Q3 2018 | Nov 5, 2018 | $1.2T | 107 |
| Q2 2018 | Aug 9, 2018 | $1.3T | 96 |
| Q1 2018 | May 14, 2018 | $1.6T | 109 |
| Q4 2017 | Feb 9, 2018 | $1.7T | 108 |
| Q3 2017 | Nov 13, 2017 | $2.0T | 103 |
| Q2 2017 | Jul 28, 2017 | $1.9T | 104 |
| Q1 2017 | Apr 28, 2017 | $1.9T | 110 |
| Q4 2016 | Jan 30, 2017 | $2.1T | 114 |
| Q3 2016 | Nov 4, 2016 | $2.2T | 110 |
| Q2 2016 | Aug 12, 2016 | $2.1T | 111 |
| Q1 2016 | May 12, 2016 | $2.1T | 120 |
| Q4 2015 | Jan 28, 2016 | $2.1T | 124 |
Fund Information
ZAZOVE ASSOCIATES LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $1.2B across 160 holdings. The largest position is DUKE ENERGY CORP NEW (DUK 4.125 04/15/26), representing 5.4% of the portfolio. Compared to the previous quarter, the fund opened 160 new positions and closed 0 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.