Latest ZAZOVE ASSOCIATES LLC Stock Portfolio

ZAZOVE ASSOCIATES LLC Performance:

2024 Q4: -1.43%YTD: -17.6%2023: -3.27%

Performance for 2024 Q4 is -1.43%, and YTD is -17.6%, and 2023 is -3.27%.

About ZAZOVE ASSOCIATES LLC and 13F Hedge Fund Stock Holdings

ZAZOVE ASSOCIATES LLC is a hedge fund based in INCLINE VILLAGE, NV. On 31-May-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2.3 Billions. In it's latest 13F Holdings report, ZAZOVE ASSOCIATES LLC reported an equity portfolio of $1 Billions as of 31 Dec, 2024.

The top stock holdings of ZAZOVE ASSOCIATES LLC are , BHR, UAN. The fund has invested 0.8% of it's portfolio in KAYNE ANDERSON ENERGY INFRST and 0.6% of portfolio in BRAEMAR HOTELS & RESORTS INC.

The fund managers got completely rid off AMPRIUS TECHNOLOGIES INC (AMPX), NUSCALE PWR CORP (SMR) and ARKO CORP (ARKO) stocks. They significantly reduced their stock positions in HERTZ GLOBAL HLDGS INC (HTZ), URBAN ONE INC (UONE) and SUNOPTA INC (STKL). ZAZOVE ASSOCIATES LLC opened new stock positions in CAPRI HOLDINGS LIMITED (CPRI), ARCHER AVIATION INC (ACHR) and HELIX ENERGY SOLUTIONS GRP I (HLX). The fund showed a lot of confidence in some stocks as they added substantially to GOLD ROYALTY CORP, URBAN ONE INC (UONE) and LANDSEA HOMES CORP (LSEA).

ZAZOVE ASSOCIATES LLC Annual Return Estimates Vs S&P 500

Our best estimate is that ZAZOVE ASSOCIATES LLC made a return of -1.43% in the last quarter. In trailing 12 months, it's portfolio return was -17.6%.

New Buys

Ticker	$ Bought
tetra tech inc new	41,938,600
repligen corp	29,461,900
evergy inc	24,432,100
pg&e corp	22,959,600
uber technologies inc	19,389,800
alnylam pharmaceuticals inc	13,027,200
enovis corporation	12,016,400
shift4 pmts inc	7,808,560

New stocks bought by ZAZOVE ASSOCIATES LLC

Additions

Ticker	% Inc.
expedia group inc	7,770
ncl corp ltd	339
gold royalty corp	82.99
spotify usa inc	71.12
psq holdings inc	65.72
akamai technologies inc	42.13
transmedics group inc	30.89
on semiconductor corp	25.00

Additions to existing portfolio by ZAZOVE ASSOCIATES LLC

Reductions

Ticker	% Reduced
middleby corp	-97.43
ssr mining in	-94.86
hertz global hldgs inc	-69.22
sea ltd	-47.9
jazz investments i ltd	-40.72
air trans svcs group inc	-37.22
uber technologies inc	-33.6
nutanix inc	-32.35

ZAZOVE ASSOCIATES LLC reduced stake in above stock

Sold off

Ticker	$ Sold
john bean technologies corp	-21,929,300
ncl corp ltd	-10,046,900
cnx res corp	-6,369,900
zillow group inc	-3,745,250
chefs whse inc	-1,373,770
smart global hldgs inc	-1,208,910
amprius technologies inc	-1,076,620
akamai technologies inc	-620,593

ZAZOVE ASSOCIATES LLC got rid off the above stocks

Sector Distribution

ZAZOVE ASSOCIATES LLC has about 43.8% of it's holdings in Others sector.

Sector	%
Others	43.8
Communication Services	12.3
Consumer Defensive	12.1
Real Estate	9.5
Energy	9.2
Basic Materials	9.1
Industrials	2.6

Market Cap. Distribution

ZAZOVE ASSOCIATES LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	43.8
SMALL-CAP	36.8
MICRO-CAP	17
NANO-CAP	1.5

Stocks belong to which Index?

About 44.9% of the stocks held by ZAZOVE ASSOCIATES LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	55.1
RUSSELL 2000	44.9

Top 5 Winners (%)		%
ACHR	archer aviation inc	136.7 %
ET	energy transfer l p	22.1 %
STKL	sunopta inc	20.4 %
PCT	purecycle technologies inc	15.4 %
UAN	cvr partners lp	13.2 %

Top 5 Winners ($)		$
UAN	cvr partners lp	0.7 M
GRNT	granite ridge resources inc	0.5 M
STKL	sunopta inc	0.3 M
ACHR	archer aviation inc	0.2 M
PCT	purecycle technologies inc	0.2 M

Top 5 Losers (%)		%
LSEA	landsea homes corp	-57.3 %
CMLS	cumulus media inc	-47.9 %
HDSN	hudson technologies inc	-33.1 %
ASTS	ast spacemobile inc	-19.3 %
CCO	clear channel outdoor hldgs	-14.4 %

Top 5 Losers ($)		$
CMLS	cumulus media inc	-0.9 M
CCO	clear channel outdoor hldgs	-0.4 M
UONE	urban one inc	-0.4 M
LSEA	landsea homes corp	-0.4 M
BHR	braemar hotels & resorts inc	-0.2 M

ZAZOVE ASSOCIATES LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of ZAZOVE ASSOCIATES LLC

ZAZOVE ASSOCIATES LLC has 43 stocks in it's portfolio. About 5.2% of the portfolio is in top 10 stocks. CMLS proved to be the most loss making stock for the portfolio. UAN was the most profitable stock for ZAZOVE ASSOCIATES LLC last quarter.

Last Reported on: 13 Feb, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAL	american airlines group inc	0.94	8,305,000	9,713,940	reduced	-17.98

ACHR	archer aviation inc	0.03	100,000	320,500	new

AEIS	advanced energy inds	2.25	21,435,000	23,395,800	added	2.54

AGGH	simplify exchange traded fun	0.00	604	31,613	unchanged	0.00

AKAM	akamai technologies inc	4.55	48,367,000	47,249,600	added	42.13

AKAM	akamai technologies inc	0.00	0.00	0.00	sold off	-100

ALNY	alnylam pharmaceuticals inc	1.25	12,200,000	13,027,200	new

ALTR	altair engr inc	0.19	1,250,000	1,947,300	unchanged	0.00

AMPX	amprius technologies inc	0.00	0.00	0.00	sold off	-100

ARKO	arko corp	0.00	0.00	0.00	sold off	-100

ASTL	algoma stl group inc	0.00	0.00	0.00	sold off	-100

ASTS	ast spacemobile inc	0.04	20,200	426,220	unchanged	0.00

ATSG	air trans svcs group inc	0.24	2,530,000	2,513,260	reduced	-37.22

BAND	bandwidth inc	0.01	115,000	92,133	new

BATRA	liberty media corp del	3.57	35,731,000	37,044,400	reduced	-24.22

BATRA	liberty media corp del	0.24	2,070,000	2,531,160	added	23.95

BE	bloom energy corp	0.40	3,000,000	4,173,600	unchanged	0.00

BHR	braemar hotels & resorts inc	1.65	18,140,000	17,142,300	unchanged	0.00

BHR	braemar hotels & resorts inc	0.60	2,088,690	6,266,060	reduced	-0.61

BIL	spdr ser tr	0.00	0.00	0.00	sold off	-100