ZAZOVE ASSOCIATES LLC Q2 2023 Filing

Filed August 7, 2023

Portfolio Value

$1.1B

Holdings

135

Report Date

Q2 2023

Filing Type

13F-HR

All Holdings (135 positions)

#	Stock	Shares	Value	% Portfolio
1	—CANO HEALTH	5,234,094	$1.0B	91.15%
2	—LANDSEA HOMES	2,303,532	$635.0M	57.88%
3	NCMIEURNATIONAL CINEMEDIA	1,264,938	$426.0M	38.83%
4	—LANVIN GROUP	1,001,938	$312.0M	28.44%
5	—FINANCE OF AMERICA COMPANIES	502,865	$81.0M	7.38%
6	LUV 1.25 05/01/25SOUTHWEST AIRLINES	61,205,000	$70.0M	6.38%
7	AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES	68,620,000	$66.0M	6.02%
8	LINTA 3.75 02/15/30LIBERTY INTERACTIVE (TMOBILE BASKET)	266,000	$64.0M	5.83%
9	SSRMCN 2.5 04/01/39SSR MINING	58,350,000	$64.0M	5.83%
10	PSN 0.25 08/15/25PARSONS	47,932,000	$55.0M	5.01%
11	—WHOLE EARTH BRANDS	206,114	$42.0M	3.83%
12	NRG 2.75 06/01/48NRG ENERGY	39,316,000	$41.0M	3.74%
13	JAZZ 2 06/15/26JAZZ INVESTMENTS I	38,885,000	$39.0M	3.56%
14	SEDG 0 09/15/25SOLAREDGE TECHNOLOGIES	30,889,000	$36.0M	3.28%
15	MGPI 1.875 11/15/41MGP INGREDIENTS	26,457,000	$32.0M	2.92%
16	AMPX/WSAMPRIUS TECHNOLOGIES	62,719	$31.0M	2.83%
17	MIDD 1 09/01/25MIDDLEBY	23,700,000	$29.0M	2.64%
18	ENPH 0 03/01/26ENPHASE ENERGY	31,740,000	$29.0M	2.64%
19	—KAMAN	28,284,000	$27.0M	2.46%
20	PSFEPAYSAFE	546,914	$25.0M	2.28%
21	CYBR 0 11/15/24CYBERARK SOFTWARE	22,104,000	$25.0M	2.28%
22	TYL 0.25 03/15/26TYLER TECHNOLOGIES	22,764,000	$23.0M	2.10%
23	DXCM 0.25 11/15/25DEXCOM INC	22,132,000	$23.0M	2.10%
24	ARCC 4.625 03/01/24ARES CAPITAL	22,213,000	$22.0M	2.01%
25	CBRL 0.625 06/15/26CRACKER BARREL OLD COUNTRY STORE	25,868,000	$22.0M	2.01%
26	F 0 03/15/26FORD MOTOR	20,910,000	$22.0M	2.01%
27	MLAB 1.375 08/15/25MESA LABORATORIES	23,777,000	$21.0M	1.91%
28	BHR 4.5 06/01/26BRAEMAR HOTELS & RESORTS	23,260,000	$21.0M	1.91%
29	JBTM 0.25 05/15/26JOHN BEAN TECHNOLOGIES	22,916,000	$21.0M	1.91%
30	PEB 1.75 12/15/26PEBBLEBROOK HOTEL TRUST	22,375,000	$19.0M	1.73%
31	AIIONWTN	64,571	$19.0M	1.73%
32	OXY/WSOCCIDENTAL PETROLEUM	500,000	$18.0M	1.64%
33	ASND 2.25 04/01/28ASCENDIS PHARMA A/S	18,785,000	$17.0M	1.55%
34	BILL 0 12/01/25BILL.COM HOLDINGS	16,040,000	$16.0M	1.46%
35	LMCA 1.375 10/15/23LIBERTY MEDIA (SIRIUS XM BASKET)	13,819,000	$16.0M	1.46%
36	DDOG 0.125 06/15/25DATADOG	12,350,000	$15.0M	1.37%
37	VREX 4 06/01/25VAREX IMAGING	12,331,000	$15.0M	1.37%
38	PETQ 4 06/01/26PETIQ	16,615,000	$15.0M	1.37%
39	UONEURBAN ONE CLASS D	2,443,683	$14.0M	1.28%
40	—BETTER WORLD ACQUISITION	638,248	$11.0M	1.00%
41	—HELIX ENERGY SOLUTIONS GROUP	7,704,000	$10.0M	0.91%
42	JSPRWJASPER THERAPEUTICS	65,456	$9.0M	0.82%
43	VATE 7.5 08/01/26 *INNOVATE	12,363,000	$8.0M	0.73%
44	WESTWESTROCK COFFEE	2,823,651	$8.0M	0.73%
45	IMAX 0.5 04/01/26IMAX	9,027,000	$8.0M	0.73%
46	BHRBRAEMAR HOTELS & RESORTS	2,101,511	$8.0M	0.73%
47	IDCC 3.5 06/01/27INTERDIGITAL	5,820,000	$7.0M	0.64%
48	HALO 0.25 03/01/27HALOZYME THERAPEUTICS	9,418,000	$7.0M	0.64%
49	GTXGARRETT MOTION	876,184	$6.0M	0.55%
50	—VAHANNA TECH EDGE ACQUISITION	150,602	$6.0M	0.55%
51	GRNTGRANITE RIDGE RESOURCES	1,044,274	$6.0M	0.55%
52	UANCVR PARTNERS	76,700	$6.0M	0.55%
53	LRN 1.125 09/01/27STRIDE	6,092,000	$5.0M	0.46%
54	BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC	5,150,000	$5.0M	0.46%
55	CMLSCUMULUS MEDIA	1,458,428	$5.0M	0.46%
56	PANW 0.375 06/01/25PALO ALTO NETWORKS	2,000,000	$5.0M	0.46%
57	CCOCLEAR CHANNEL HOLDINGS	4,047,637	$5.0M	0.46%
58	VUSBVANGUARD ULTRA SHORT BOND	100,000	$4.0M	0.36%
59	ICSHBLACKROCK ULTRA SHORTTERM BOND (ETF)	96,846	$4.0M	0.36%
60	PETQEURPETIQ	308,775	$4.0M	0.36%
61	CNMD 2.25 06/15/27CONMED	4,290,000	$4.0M	0.36%
62	GH 0 11/15/27GUARDANT HEALTH	6,670,000	$4.0M	0.36%
63	CUTR 2.25 06/01/28CUTERA	7,140,000	$4.0M	0.36%
64	CNX 2.25 05/01/26CNX RESOURCES	2,500,000	$3.0M	0.27%
65	KBR 2.5 11/01/23KBR	1,250,000	$3.0M	0.27%
66	UONEEURURBAN ONE CLASS A	585,978	$3.0M	0.27%
67	—CONMED	2,500,000	$3.0M	0.27%
68	PFIXSIMPLIFY INTEREST RATE HEDGE	52,380	$3.0M	0.27%
69	NPWR/WSNET POWER	1,066,709	$3.0M	0.27%
70	Z 1.375 09/01/26ZILLOW GROUP	2,500,000	$3.0M	0.27%
71	KYNKAYNE ANDERSON ENERGY INFRASTRUCTURE FUND	468,507	$3.0M	0.27%
72	INN 1.5 02/15/26SUMMIT HOTEL PROPERTIES	4,415,000	$3.0M	0.27%
73	ODVOSISKO DEVELOPMENT	625,200	$2.0M	0.18%
74	AMANTERO MIDSTREAM	225,000	$2.0M	0.18%
75	KYNKAYNE ANDERSON NEXTGEN ENERGY & INFRA	357,252	$2.0M	0.18%
76	ENPH 0 03/01/28ENPHASE ENERGY	2,500,000	$2.0M	0.18%
77	PD 1.25 07/01/25PAGERDUTY	2,500,000	$2.0M	0.18%
78	THCHTH INTERNATIONAL	1,028,587	$2.0M	0.18%
79	USACUSA COMPRESSION PARTNERS	151,715	$2.0M	0.18%
80	PODD 0.375 09/01/26INSULET	2,000,000	$2.0M	0.18%
81	SKINBEAUTY HEALTH	342,404	$2.0M	0.18%
82	GDLGDL FUND	355,151	$2.0M	0.18%
83	SPLK 1.125 09/15/25SPLUNK	2,170,000	$2.0M	0.18%
84	BTU 3.25 03/01/28PEABODY ENERGY	2,000,000	$2.0M	0.18%
85	ETSY 0.125 10/01/26ETSY	2,500,000	$2.0M	0.18%
86	ABNB 0 03/15/26AIRBNB	3,360,000	$2.0M	0.18%
87	ATSG 1.125 10/15/24AIR TRANSPORT SERVICES GROUP	2,000,000	$1.0M	0.09%
88	RUMBWRUMBLE	918,673	$1.0M	0.09%
89	XYZ 0.125 03/01/25BLOCK	2,000,000	$1.0M	0.09%
90	PCTTWPURECYCLE TECHNOLOGIES	267,037	$1.0M	0.09%
91	PENG 2.25 02/15/26SMART GLOBAL HOLDINGS	1,000,000	$1.0M	0.09%
92	TTTPROSHARES ULTRAPRO SHORT 20 YEAR 3X TREASURY	23,100	$1.0M	0.09%
93	CHEF 1.875 12/01/24CHEFS WAREHOUSE	1,033,000	$1.0M	0.09%
94	—INDIE SEMICONDUCTOR	607,800	$1.0M	0.09%
95	SEALTD 2.375 12/01/25SEA LIMITED	1,700,000	$1.0M	0.09%
96	AYS1SANDSTORM GOLD	370,000	$1.0M	0.09%
97	SOYSUNOPTA	288,539	$1.0M	0.09%
98	—FREYR BATTERY	346,411	$1.0M	0.09%
99	GSGOLDMAN SACHS MLP & ENERGY RENAISSANCE FUND	81,345	$1.0M	0.09%
100	IART 0.5 08/15/25INTEGRA LIFESCIENCES HOLDINGS	1,500,000	$1.0M	0.09%

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