Latest Zeno Equity Partners LLP Stock Portfolio

Zeno Equity Partners LLP Performance:

2025 Q4: -12.12%YTD: -14.25%2024: -20.26%

Performance for 2025 Q4 is -12.12%, and YTD is -14.25%, and 2024 is -20.26%.

About Zeno Equity Partners LLP and 13F Hedge Fund Stock Holdings

On 2026-02-09, the fund reported it's updated stock portfolio. In the 13F Holdings report, Zeno Equity Partners LLP reported an equity portfolio of $241.2 Millions as of 31 Dec, 2025.

The top stock holdings of Zeno Equity Partners LLP are LIN, DHR, TPX. The fund has invested 23.9% of it's portfolio in LINDE ORD and 21.2% of portfolio in DANAHER ORD.

They significantly reduced their stock positions in AMPHENOL CL A ORD (APH), AMAZON COM ORD (AMZN) and DANAHER ORD (DHR). Zeno Equity Partners LLP opened new stock positions in VISA CL A ORD (V) and PATRIA INVESTMENTS CL A ORD (PAX). The fund showed a lot of confidence in some stocks as they added substantially to DESCARTES SYSTEM ORD (HEI), LINDE ORD (LIN) and SOMNIGROUP INTERNATIONAL ORD (TPX).

Zeno Equity Partners LLP Annual Return Estimates Vs S&P 500

Our best estimate is that Zeno Equity Partners LLP made a return of -12.12% in the last quarter. In trailing 12 months, it's portfolio return was -14.25%.

Performance
S&P 500

New Buys

Ticker	$ Bought
visa cl a ord	12,429,500
patria investments cl a ord	9,386,190

New stocks bought by Zeno Equity Partners LLP

Additions

Ticker	% Inc.
descartes system ord	182
linde ord	105
somnigroup international ord	14.85

Additions to existing portfolio by Zeno Equity Partners LLP

Reductions

Ticker	% Reduced
amphenol cl a ord	-69.28
amazon com ord	-25.77
danaher ord	-15.93
texas instruments ord	-2.86

Zeno Equity Partners LLP reduced stake in above stock

Sold off

None of the stocks were completely sold off by Zeno Equity Partners LLP

Sector Distribution

Zeno Equity Partners LLP has about 23.9% of it's holdings in Basic Materials sector.

Sector	%
Basic Materials	23.9
Healthcare	21.2
Consumer Cyclical	19.1
Others	13.5
Industrials	9
Technology	8.1
Financial Services	5.2

Market Cap. Distribution

Zeno Equity Partners LLP has about 76.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	38.4
MEGA-CAP	38.2
UNALLOCATED	13.5
MID-CAP	9.9

Stocks belong to which Index?

About 81.1% of the stocks held by Zeno Equity Partners LLP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	67.6
Others	18.9
RUSSELL 2000	13.5

Top 5 Winners (%)		%
DHR	danaher ord	14.2 %
APH	amphenol cl a ord	6.0 %
TPX	somnigroup international ord	5.5 %
AMZN	amazon com ord	4.5 %

Top 5 Winners ($)		$
DHR	danaher ord	7.5 M
AMZN	amazon com ord	1.3 M
TPX	somnigroup international ord	1.2 M
APH	amphenol cl a ord	0.7 M

Top 5 Losers (%)		%
HEI	descartes system ord	-56.2 %
LIN	linde ord	-23.0 %
WALD	waldencast eqy warrant	-6.6 %
TXN	texas instruments ord	-5.5 %
WALD	waldencast cl a ord	-5.0 %

Top 5 Losers ($)		$
HEI	descartes system ord	-28.0 M
LIN	linde ord	-17.2 M
WALD	waldencast cl a ord	-1.2 M
TXN	texas instruments ord	-1.0 M
WALD	waldencast eqy warrant	0.0 M

Zeno Equity Partners LLP Holdings Map

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

Current Stock Holdings of Zeno Equity Partners LLP

Zeno Equity Partners LLP has 11 stocks in it's portfolio. HEI proved to be the most loss making stock for the portfolio. DHR was the most profitable stock for Zeno Equity Partners LLP last quarter.

Last Reported on: 09 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AMZN	amazon com ord	9.16	95,684	22,085,800	reduced	-25.77

APH	amphenol cl a ord	1.52	27,087	3,665,280	reduced	-69.28

DHR	danaher ord	21.23	223,448	51,201,800	reduced	-15.93

HEI	descartes system ord	9.02	248,216	21,758,600	added	182

LIN	linde ord	23.89	169,961	57,617,800	added	105

PAX	patria investments cl a ord	3.89	590,698	9,386,190	new

TPX	somnigroup international ord	9.91	267,584	23,889,900	added	14.85

TXN	texas instruments ord	6.60	91,686	15,906,600	reduced	-2.86

V	visa cl a ord	5.15	35,441	12,429,500	new

WALD	waldencast cl a ord	9.55	12,252,600	23,034,800	unchanged	0.00

WALD	waldencast eqy warrant	0.07	4,892,770	177,852	unchanged	0.00