ZAZOVE ASSOCIATES LLC Q4 2022 Filing

Filed January 31, 2023

Portfolio Value

$1.1B

Holdings

149

Report Date

Q4 2022

Filing Type

13F-HR

All Holdings (149 positions)

#	Stock	Shares	Value	% Portfolio
1	—CANO HEALTH	5,238,475	$1.0B	92.50%
2	LRN 1.125 09/01/27STRIDE	2,122,000	$1.0B	92.50%
3	LINTA 3.75 02/15/30LIBERTY INTERACTIVE	1,266,000	$431.0M	39.87%
4	NCMIEURNATIONAL CINEMEDIA	1,264,938	$278.0M	25.71%
5	—LANDSEA HOMES	2,566,145	$244.0M	22.57%
6	—LANVIN GROUP	519,256	$164.0M	15.17%
7	AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES	71,545,000	$69.0M	6.38%
8	EOSEWEOS ENERGY ENTERPRISES	253,067	$66.0M	6.10%
9	LUV 1.25 05/01/25SOUTHWEST AIRLINES	42,070,000	$50.0M	4.62%
10	SSRMCN 2.5 04/01/39SSR MINING	40,926,000	$46.0M	4.25%
11	—FINANCE OF AMERICA COMPANIES	502,865	$42.0M	3.88%
12	JAZZ 2 06/15/26JAZZ INVESTMENTS	35,450,000	$42.0M	3.88%
13	BKNG 0.75 05/01/25BOOKING HOLDINGS	31,248,000	$41.0M	3.79%
14	NRG 2.75 06/01/48NRG ENERGY	38,136,000	$37.0M	3.42%
15	F 0 03/15/26FORD MOTOR	36,795,000	$34.0M	3.14%
16	SEDG 0 09/15/25SOLAREDGE TECHNOLOGIES	25,575,000	$31.0M	2.87%
17	PSFEPAYSAFE	546,914	$31.0M	2.87%
18	—KAMAN	29,922,000	$28.0M	2.59%
19	PSN 0.25 08/15/25PARSONS	25,175,000	$28.0M	2.59%
20	TYL 0.25 03/15/26TYLER TECHNOLOGIES	26,389,000	$24.0M	2.22%
21	MIDD 1 09/01/25MIDDLEBY	19,740,000	$23.0M	2.13%
22	DXCM 0.25 11/15/25DEXCOM INC	21,462,000	$23.0M	2.13%
23	CBRL 0.625 06/15/26CRACKER BARREL OLD COUNTRY STORE	27,138,000	$23.0M	2.13%
24	ATSG 1.125 10/15/24AIR TRANSPORT SERVICES GROUP	22,633,000	$22.0M	2.03%
25	DDOG 0.125 06/15/25DATADOG	20,255,000	$22.0M	2.03%
26	PEB 1.75 12/15/26PEBBLEBROOK HOTEL TRUST	25,605,000	$21.0M	1.94%
27	BHR 4.5 06/01/26BRAEMAR HOTELS & RESORTS	22,260,000	$21.0M	1.94%
28	OXY/WSOCCIDENTAL PETROLEUM	500,000	$20.0M	1.85%
29	MLAB 1.375 08/15/25MESA LABORATORIES	22,927,000	$20.0M	1.85%
30	JBTM 0.25 05/15/26JOHN BEAN TECHNOLOGIES	23,311,000	$20.0M	1.85%
31	BILL 0 12/01/25BILL.COM HOLDINGS	18,925,000	$19.0M	1.76%
32	CYBR 0 11/15/24CYBERARK SOFTWARE	18,199,000	$19.0M	1.76%
33	LITE 0.5 12/15/26LUMENTUM HOLDINGS	22,417,000	$19.0M	1.76%
34	AIIONWTN	64,571	$18.0M	1.66%
35	MGPI 1.875 11/15/41MGP INGREDIENTS	12,855,000	$16.0M	1.48%
36	PETQ 4 06/01/26PETIQ	16,587,000	$13.0M	1.20%
37	—HELIX ENERGY SOLUTIONS GROUP	8,704,000	$12.0M	1.11%
38	WGO 1.5 04/01/25WINNEBAGO INDUSTRIES	10,439,000	$10.0M	0.92%
39	VATE 7.5 08/01/26 *INNOVATE	12,363,000	$10.0M	0.92%
40	UONEURBAN ONE INC	2,441,183	$9.0M	0.83%
41	HALO 0.25 03/01/27HALOZYME THERAPEUTICS	9,688,000	$9.0M	0.83%
42	NCLH 1.125 02/15/27NCL CORPORATION	13,665,000	$9.0M	0.83%
43	IMAX 0.5 04/01/26IMAX	9,675,000	$8.0M	0.74%
44	AKAM 0.125 05/01/25AKAMAI TECHNOLOGIES	8,010,000	$8.0M	0.74%
45	—HESKA	8,346,000	$8.0M	0.74%
46	INN 1.5 02/15/26SUMMIT HOTEL PROPERTIES	10,335,000	$8.0M	0.74%
47	BHRBRAEMAR HOTELS & RESORTS	2,101,511	$8.0M	0.74%
48	CMLSCUMULUS MEDIA	1,211,259	$7.0M	0.65%
49	UANCVR PARTNERS	76,700	$7.0M	0.65%
50	—CONMED	5,455,000	$6.0M	0.55%
51	WESTWESTROCK COFFEE	2,782,341	$6.0M	0.55%
52	FOUR 0 12/15/25SHIFT4 PAYMENTS	6,660,000	$6.0M	0.55%
53	ARCC 4.625 03/01/24ARES CAPITAL	6,521,000	$6.0M	0.55%
54	FOUR 0.5 08/01/27SHIFT4 PAYMENTS	7,860,000	$6.0M	0.55%
55	—GARRETT MOTION	768,051	$6.0M	0.55%
56	—HOPE BANCORP	7,061,000	$6.0M	0.55%
57	ABNB 0 03/15/26AIRBNB	7,350,000	$6.0M	0.55%
58	GH 0 11/15/27GUARDANT HEALTH	9,735,000	$6.0M	0.55%
59	PSEC 6.375 03/01/25PROSPECT CAPITAL	5,887,000	$5.0M	0.46%
60	—MOTIVE CAPITAL	125,193	$5.0M	0.46%
61	—BETTER WORLD ACQUISITION	50,542	$5.0M	0.46%
62	CCOCLEAR CHANNEL HOLDINGS	4,950,000	$5.0M	0.46%
63	KYNKAYNE ANDERSON MLP INVESTMENT COMPANY	468,507	$4.0M	0.37%
64	PETQEURPETIQ	435,949	$4.0M	0.37%
65	PENG 2.25 02/15/26SMART GLOBAL HOLDINGS	3,000,000	$3.0M	0.28%
66	ETSY 0.125 10/01/26ETSY	2,500,000	$3.0M	0.28%
67	ATEC 0.75 08/01/26ALPHATEC HOLDINGS	4,280,000	$3.0M	0.28%
68	—GRANITE RIDGE RESOURCES	3,122,129	$3.0M	0.28%
69	PFIXSIMPLIFY INTEREST RATE HEDGE	52,380	$3.0M	0.28%
70	CNX 2.25 05/01/26CNX RESOURCES	2,500,000	$3.0M	0.28%
71	EEFT 0.75 03/15/49EURONET WORLDWIDE	3,422,000	$3.0M	0.28%
72	SKINBEAUTY HEALTH	342,404	$3.0M	0.28%
73	RNG 0 03/01/25RINGCENTRAL	2,837,000	$2.0M	0.18%
74	PD 1.25 07/01/25PAGERDUTY	2,500,000	$2.0M	0.18%
75	USACUSA COMPRESSION PARTNERS	151,715	$2.0M	0.18%
76	PODD 0.375 09/01/26INSULET CORP	2,000,000	$2.0M	0.18%
77	—VAHANNA TECH EDGE ACQUISITION	150,602	$2.0M	0.18%
78	HTZWWHERTZ GLOBAL	290,749	$2.0M	0.18%
79	SOYSUNOPTA	288,539	$2.0M	0.18%
80	MDB 0.25 01/15/26MONGODB	2,000,000	$2.0M	0.18%
81	ICSHBLACKROCK ULTRA SHORTTERM BOND (ETF)	46,846	$2.0M	0.18%
82	OKTA 0.375 06/15/26OKTA	2,790,000	$2.0M	0.18%
83	JSPRWJASPER THERAPEUTICS	65,456	$2.0M	0.18%
84	UONEEURURBAN ONE INC	585,978	$2.0M	0.18%
85	KBR 2.5 11/01/23KBR	1,250,000	$2.0M	0.18%
86	EXPE 0 02/15/26EXPEDIA GROUP	2,551,000	$2.0M	0.18%
87	—BLOCK	2,700,000	$2.0M	0.18%
88	PANW 0.75 07/01/23PALO ALTO NETWORKS	1,500,000	$2.0M	0.18%
89	KYNKAYNE ANDERSON MIDSTREAM/ENERGY FUND	355,052	$2.0M	0.18%
90	AMANTERO MIDSTREAM	225,000	$2.0M	0.18%
91	LCII 1.125 05/15/26LCI INDUSTRIES	2,540,000	$2.0M	0.18%
92	GDLGDL FUND	320,357	$2.0M	0.18%
93	SPLK 1.125 09/15/25SPLUNK	2,570,000	$2.0M	0.18%
94	NET 0 08/15/26CLOUDFLARE	2,500,000	$2.0M	0.18%
95	IART 0.5 08/15/25INTEGRA LIFESCIENCES HOLDINGS	1,500,000	$1.0M	0.09%
96	DJTWWDIGITAL WORLD ACQUISITION	384,865	$1.0M	0.09%
97	CHEF 1.875 12/01/24CHEFS WAREHOUSE IN	1,033,000	$1.0M	0.09%
98	SPLK 1.125 06/15/27SPLUNK	2,000,000	$1.0M	0.09%
99	RUMBWRUMBLE	852,685	$1.0M	0.09%
100	TTTPROSHARES ULTRAPRO SHORT 20 YEAR 3X TREASURY	23,100	$1.0M	0.09%

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