ZAZOVE ASSOCIATES LLC
13F Reported Value
ⓘ$1.2B
incl. option notional
Equity Holdings
ⓘ$1.2B
Option Notional
ⓘ$19.7M
$18.3M puts / $1.4M calls
Holdings
151
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
ZAZOVE ASSOCIATES LLC disclosed 151 positions worth $1.2B in its Form 13F-HR for Q2 2026 — $1.2B in common stock plus $19.7M of put/call option positions (reported at underlying notional value, not premium at risk), followed by $PSN and $SO. During the quarter the fund opened 55 new positions and exited 65 — including a new stake in $BABA and a full exit from $DUK. The portfolio is most concentrated in Technology (25.1% of disclosed assets). All figures are sourced directly from ZAZOVE ASSOCIATES LLC’s Form 13F-HR filing with the SEC under CIK 1009012.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
TETRA TECH INC NEW - DBCV 2.250% 8/1
—Quality
$62.4M59,095,000 sh- 54.6#1,309
Quality
$56.9M57,602,000 sh - 62.0#736
Quality
$54.9M49,750,000 sh - —
Quality
$54.1M45,820,000 sh - 47.6
Quality
$50.1M37,865,000 sh - 67.6
Quality
$45.1M35,925 sh - 55.8
Quality
$43.3M43,380,000 sh BOFA FIN LLC - MTNF 0.600% 5/2
—Quality
$40.3M31,982,000 shCYBERARK SOFTWARE LTD - NOTE 6/1
—Quality
$39.0M23,380,000 sh- 70.2
Quality
$37.9M33,525,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| TETRA TECH INC NEW - DBCV 2.250% 8/1 | — | $62.4M | 59,095,000 |
 PARSONS CORP$PSN | 54.6#1,309 | $56.9M | 57,602,000 |
 SOUTHERN CO$SO | 62.0#736 | $54.9M | 49,750,000 |
 Alibaba Group Holding Ltd$BABA | — | $54.1M | 45,820,000 |
 FLUOR CORP$FLR | 47.6 | $50.1M | 37,865,000 |
 BANK OF AMERICA CORP /DE/$BAC | 67.6 | $45.1M | 35,925 |
 ITRON, INC.$ITRI | 55.8 | $43.3M | 43,380,000 |
| BOFA FIN LLC - MTNF 0.600% 5/2 | — | $40.3M | 31,982,000 |
| CYBERARK SOFTWARE LTD - NOTE 6/1 | — | $39.0M | 23,380,000 |
 Nutanix, Inc.$NTNX | 70.2 | $37.9M | 33,525,000 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of ZAZOVE ASSOCIATES LLC's 151 positions.
Showing top 10 of 151 holdings.
Sector Allocation
Technology
$306.3M
Other
$302.2M
Industrials
$179.2M
Utilities
$139.8M
Healthcare
$131.2M
Financials
$58.6M
Consumer Staples
$39.0M
Energy
$22.1M
Full Holdings — ZAZOVE ASSOCIATES LLC (Q2 2026)
All 151 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | — | TETRA TECH INC NEW - DBCV 2.250% 8/1 | $62.4M | 5.1% | +4% | — |
| 2 | $PSN | PARSONS CORP | $56.9M | 4.7% | -3% | 54.6 |
| 3 | $SO | SOUTHERN CO | $54.9M | 4.5% | +74% | 62 |
| 4 | $BABA | Alibaba Group Holding Ltd | $54.1M | 4.4% | NEW | — |
| 5 | $FLR | FLUOR CORP | $50.1M | 4.1% | -5% | 47.6 |
| 6 | $BAC | BANK OF AMERICA CORP /DE/ | $45.1M | 3.7% | +360% | 67.6 |
| 7 | $ITRI | ITRON, INC. | $43.3M | 3.5% | +28% | 55.8 |
| 8 | — | BOFA FIN LLC - MTNF 0.600% 5/2 | $40.3M | 3.3% | +69% | — |
| 9 | — | CYBERARK SOFTWARE LTD - NOTE 6/1 | $39.0M | 3.2% | NEW | — |
| 10 | $NTNX | Nutanix, Inc. | $37.9M | 3.1% | +8% | 70.2 |
| 11 |  $UBER | Uber Technologies, Inc | $37.2M | 3.0% | NEW | 73.5 |
| 12 | — | CLOUDFLARE INC - NOTE 6/1 | $35.2M | 2.9% | NEW | — |
| 13 |  $PPL | PPL Corp | $31.6M | 2.6% | -0% | 55.7 |
| 14 |  $GWRE | Guidewire Software, Inc. | $31.0M | 2.5% | +27% | 68.9 |
| 15 | — | BROOKDALE SR LIVING INC - NOTE 2.000%10/1 | $28.6M | 2.3% | +0% | — |
| 16 |  $RVMD | Revolution Medicines, Inc. | $27.7M | 2.3% | NEW | — |
| 17 |  $RGEN | REPLIGEN CORP | $27.0M | 2.2% | +0% | 58.4 |
| 18 |  $AVAV | AeroVironment Inc | $26.8M | 2.2% | +44% | 42 |
| 19 |  $MCHP | MICROCHIP TECHNOLOGY INC | $26.2M | 2.1% | NEW | 52.9 |
| 20 |  $EVRG | Evergy, Inc. | $24.1M | 2.0% | -2% | 53.2 |
| 21 |  $FRPT | Freshpet, Inc. | $23.1M | 1.9% | +243% | 61.1 |
| 22 |  $ITGR | Integer Holdings Corp | $23.0M | 1.9% | +21% | 55.9 |
| 23 | — | MAKEMYTRIP LIMITED MAURITIUS - NOTE 7/0 | $19.8M | 1.6% | NEW | — |
| 24 |  $SPYPUT | SPDR S&P 500 ETF TRUST | $17.8M | — | +2% | — |
| 25 |  $NOG | NORTHERN OIL & GAS, INC. | $17.6M | 1.4% | +37% | 48 |
| 26 | — | THE REALREAL INC - DEBT 4.000% 2/1 | $15.7M | 1.3% | NEW | — |
| 27 |  $GPN | GLOBAL PAYMENTS INC | $15.6M | 1.3% | +2% | 47 |
| 28 |  $GLNG | GOLAR LNG LTD | $15.4M | 1.3% | NEW | — |
| 29 |  $HAE | HAEMONETICS CORP | $12.9M | 1.1% | -40% | 51.4 |
| 30 |  $PCT | PureCycle Technologies, Inc. | $11.9M | 1.0% | NEW | 15.8 |
| 31 |  $WKC | WORLD KINECT CORP | $11.1M | 0.9% | +68% | 39.5 |
| 32 | — | CHEESECAKE FACTORY INC - NOTE 2.000% 3/1 | $10.8M | 0.9% | NEW | — |
| 33 | — | RIVIAN AUTOMOTIVE INC - NOTE 4.625% 3/1 | $10.7M | 0.9% | +125% | — |
| 34 |  $PCG | PG&E Corp | $9.8M | 0.8% | +58% | 58.8 |
| 35 |  $OPK | OPKO HEALTH, INC. | $9.0M | 0.7% | -0% | 23.3 |
| 36 |  $AFRM | Affirm Holdings, Inc. | $8.7M | 0.7% | +67% | 81.3 |
| 37 |  $ON | ON SEMICONDUCTOR CORP | $8.5M | 0.7% | +75% | 55 |
| 38 | — | NCL CORP LTD - NOTE 0.875% 4/1 | $8.4M | 0.7% | NEW | — |
| 39 |  $SITM | SITIME Corp | $8.3M | 0.7% | NEW | 66.1 |
| 40 |  $DDOG | Datadog, Inc. | $8.2M | 0.7% | +107% | 71.4 |
| 41 |  $VSH | VISHAY INTERTECHNOLOGY INC | $7.9M | 0.7% | NEW | 48.8 |
| 42 |  $WEC | WEC ENERGY GROUP, INC. | $7.8M | 0.6% | NEW | 60.1 |
| 43 |  $LNTH | Lantheus Holdings, Inc. | $7.3M | 0.6% | +100% | 61.1 |
| 44 |  $VERX | Vertex, Inc. | $7.0M | 0.6% | -3% | 57.5 |
| 45 |  $PI | IMPINJ INC | $7.0M | 0.6% | NEW | 41.1 |
| 46 |  $LYFT | Lyft, Inc. | $6.8M | 0.6% | +86% | 72.8 |
| 47 |  $LNT | ALLIANT ENERGY CORP | $6.6M | 0.5% | +20% | 53.6 |
| 48 |  $FLNC | Fluence Energy, Inc. | $6.4M | 0.5% | +150% | 43 |
| 49 |  $ALNY | ALNYLAM PHARMACEUTICALS, INC. | $6.1M | 0.5% | NEW | 71.4 |
| 50 | — | SUPER MICRO COMPUTER INC - NOTE 2.250% 7/1 | $5.9M | 0.5% | NEW | — |
| 51 |  $RBRK | Rubrik, Inc. | $5.8M | 0.5% | NEW | 56.6 |
| 52 |  $CMS | CMS ENERGY CORP | $5.1M | 0.4% | +116% | 57.3 |
| 53 |  $SNOW | Snowflake Inc. | $5.0M | 0.4% | NEW | 54.9 |
| 54 | — | VANGUARD BD INDEX FDS - VANGUARD ULTRA | $5.0M | 0.4% | +0% | — |
| 55 |  $TMDX | TransMedics Group, Inc. | $4.9M | 0.4% | +80% | 67.2 |
| 56 |  $AKAM | AKAMAI TECHNOLOGIES INC | $4.8M | 0.4% | NEW | 59.5 |
| 57 |  $BHR | Braemar Hotels & Resorts Inc. | $4.8M | 0.4% | -9% | 41.2 |
| 58 |  $CELC | Celcuity Inc. | $3.9M | 0.3% | NEW | — |
| 59 |  $UPST | Upstart Holdings, Inc. | $3.7M | 0.3% | +80% | 61.7 |
| 60 |  $AG | FIRST MAJESTIC SILVER CORP | $3.7M | 0.3% | +15% | — |
| 61 |  $WEST | Westrock Coffee Co | $3.7M | 0.3% | -24% | 44 |
| 62 |  $FWONA | Liberty Media Corp | $3.6M | 0.3% | +0% | 63.2 |
| 63 | — | LCI INDS - NOTE 3.000% 3/0 | $3.4M | 0.3% | NEW | — |
| 64 |  $PTON | PELOTON INTERACTIVE, INC. | $3.2M | 0.3% | NEW | 54.3 |
| 65 |  $GH | Guardant Health, Inc. | $3.1M | 0.3% | NEW | 39 |
| 66 |  $TCOM | Trip.com Group Ltd | $3.0M | 0.2% | NEW | — |
| 67 | — | JAZZ INVESTMENTS I LTD - NOTE 3.125% 9/1 | $2.9M | 0.2% | -93% | — |
| 68 |  $UONE | URBAN ONE, INC. | $2.5M | 0.2% | NEW | 24.6 |
| 69 |  $TNDM | TANDEM DIABETES CARE INC | $2.4M | 0.2% | NEW | 42.8 |
| 70 | — | RUM GROUP INC - *W EXP 09/16/202 | $2.3M | 0.2% | +8% | — |
| 71 |  $GRPN | Groupon, Inc. | $2.3M | 0.2% | +0% | 26.1 |
| 72 |  $GRNT | Granite Ridge Resources, Inc. | $2.2M | 0.2% | -25% | 56.7 |
| 73 |  $REAL | TheRealReal, Inc. | $2.2M | 0.2% | +95% | 36.8 |
| 74 |  $BKD | Brookdale Senior Living Inc. | $2.2M | 0.2% | +4% | 44.1 |
| 75 | $BHR | Braemar Hotels & Resorts Inc. | $2.0M | 0.2% | +2% | 41.2 |
| 76 | — | PURECYCLE TECHNOLOGIES INC - *W EXP 03/17/202 | $2.0M | 0.2% | +32% | — |
| 77 |  $SNAP | Snap Inc | $2.0M | 0.2% | NEW | 56.2 |
| 78 | $SNOW | Snowflake Inc. | $1.9M | 0.1% | -64% | 54.9 |
| 79 |  $MNTN | MNTN, Inc. | $1.8M | 0.1% | +58% | 65.9 |
| 80 | — | LIBERTY MEDIA CORP DEL - NOTE 3.750% 3/1 | $1.8M | 0.1% | -53% | — |
| 81 |  $ASA | ASA Gold & Precious Metals Ltd | $1.7M | 0.1% | +3% | — |
| 82 |  $NUVB | Nuvation Bio Inc. | $1.6M | 0.1% | NEW | 37.9 |
| 83 | — | INTEGER HLDGS CORP - DBCV 1.875% 3/1 | $1.5M | 0.1% | NEW | — |
| 84 |  $LUXE | LuxExperience B.V. | $1.5M | 0.1% | +0% | — |
| 85 |  $BKV | BKV Corp | $1.3M | 0.1% | NEW | 60.5 |
| 86 |  $BRCC | BRC Inc. | $1.1M | 0.1% | +87% | 41.3 |
| 87 |  $JD | JD.com, Inc. | $1.1M | 0.1% | -47% | — |
| 88 |  $OGG | Osisko Gold Group Inc. | $1.1M | 0.1% | +73% | — |
| 89 | — | GLASS HOUSE BRANDS INC - SUB REG LTD VTG | $1.0M | 0.1% | NEW | — |
| 90 | $AKAM | AKAMAI TECHNOLOGIES INC | $954,870 | 0.1% | NEW | 59.5 |
| 91 |  $USAS | Americas Gold & Silver Corp | $944,000 | 0.1% | +100% | — |
| 92 |  $KOS | Kosmos Energy Ltd. | $902,739 | 0.1% | -81% | — |
| 93 |  $GROY | Gold Royalty Corp. | $828,000 | 0.1% | -10% | — |
| 94 | — | WHIRLPOOL CORP - 8.5 DEP SR A CNV | $788,400 | 0.1% | NEW | — |
| 95 |  $FOUR | Shift4 Payments, Inc. | $773,693 | 0.1% | +35% | 62.5 |
| 96 |  $AB | ALLIANCEBERNSTEIN HOLDING L.P. | $679,746 | 0.1% | NEW | — |
| 97 |  $GOOG | Alphabet Inc. | $631,000 | 0.1% | NEW | 78.2 |
| 98 |  $BTGCALL | B2GOLD CORP | $613,800 | — | -15% | — |
| 99 |  $AMPX | Amprius Technologies, Inc. | $594,709 | 0.1% | +65% | 34.4 |
| 100 | — | AMPHASTAR PHARMACEUTICALS IN - NOTE 2.000% 3/1 | $581,161 | 0.1% | NEW | — |
| 101 |  $BAND | Bandwidth Inc. | $565,124 | 0.1% | -5% | 49.4 |
| 102 |  $NET | Cloudflare, Inc. | $515,526 | 0.0% | NEW | 56.4 |
| 103 | — | NET POWER INC - *W EXP 06/08/202 | $475,445 | 0.0% | -0% | — |
| 104 | — | DIREXION SHARES ETF TRUST - DAI SEM 3X ETF | $453,600 | 0.0% | NEW | — |
| 105 |  $LAR | Lithium Argentina AG | $450,241 | 0.0% | -8% | — |
| 106 |  $SVM | SILVERCORP METALS INC | $416,766 | 0.0% | +20% | — |
| 107 | $SNAP | Snap Inc | $388,667 | 0.0% | -9% | 56.2 |
| 108 |  $THCH | TH International Ltd | $382,537 | 0.0% | -12% | — |
| 109 |  $SE | Sea Ltd | $381,316 | 0.0% | +358% | — |
| 110 | — | MARRIOTT VACATIONS WORLDWIDE - NOTE 3.250%12/1 | $380,565 | 0.0% | NEW | — |
| 111 |  $ETSY | ETSY INC | $379,643 | 0.0% | NEW | 61.2 |
| 112 | — | PENNYMAC CORP - NOTE 8.500% 6/0 | $377,453 | 0.0% | NEW | — |
| 113 | — | REDFIN CORP - NOTE 0.500% 4/0 | $373,247 | 0.0% | -8% | — |
| 114 |  $BXMT | BLACKSTONE MORTGAGE TRUST, INC. | $353,136 | 0.0% | -8% | 41.1 |
| 115 |  $CRNC | Cerence Inc. | $317,927 | 0.0% | NEW | 40.9 |
| 116 | $BTG | B2GOLD CORP | $280,874 | 0.0% | NEW | — |
| 117 |  $RLJ | RLJ Lodging Trust | $265,901 | 0.0% | +17% | 49.2 |
| 118 |  $ENPH | Enphase Energy, Inc. | $258,139 | 0.0% | -8% | 42.9 |
| 119 | $AFRM | Affirm Holdings, Inc. | $250,949 | 0.0% | NEW | 81.3 |
| 120 |  $BSY | BENTLEY SYSTEMS INC | $249,700 | 0.0% | NEW | 67.9 |
| 121 |  $NFGCALL | NATIONAL FUEL GAS CO | $243,685 | — | NEW | 67.8 |
| 122 |  $SYMCALL | Symbotic Inc. | $236,250 | — | +224% | 67.8 |
| 123 |  $GOOGLCALL | Alphabet Inc. | $201,688 | — | NEW | 78.2 |
| 124 |  $AUR | Aurora Innovation, Inc. | $194,395 | 0.0% | +700% | 11.8 |
| 125 | — | SIMPLIFY EXCHANGE TRADED FUN - VOLATILITY PREM | $174,836 | 0.0% | NEW | — |
| 126 |  $EPR | EPR PROPERTIES | $164,160 | 0.0% | +72% | 52.3 |
| 127 | $PCT | PureCycle Technologies, Inc. | $158,705 | 0.0% | -24% | 15.8 |
| 128 |  $HELEPUT | HELEN OF TROY LTD | $151,250 | — | NEW | — |
| 129 | $OPK | OPKO HEALTH, INC. | $150,000 | 0.0% | -33% | 23.3 |
| 130 | $NTNX | Nutanix, Inc. | $147,814 | 0.0% | +0% | 70.2 |
| 131 |  $ACHR | Archer Aviation Inc. | $136,356 | 0.0% | +19% | 24.2 |
| 132 | — | ISHARES INC - MSCI GERMANY ETF | $132,238 | — | NEW | — |
| 133 | — | ALPHABET INC - DEP SHS RP1/20 B | $125,675 | 0.0% | NEW | — |
| 134 |  $MGPI | MGP INGREDIENTS INC | $107,100 | 0.0% | NEW | 24 |
| 135 |  $DKNG | DraftKings Inc. | $107,095 | 0.0% | NEW | 60.4 |
| 136 |  $ZD | ZIFF DAVIS, INC. | $102,560 | 0.0% | -75% | 64.3 |
| 137 |  $ET | Energy Transfer LP | $95,600 | 0.0% | +0% | 64.4 |
| 138 |  $FIVECALL | FIVE BELOW, INC | $89,250 | — | NEW | 69.5 |
| 139 | $UONE | URBAN ONE, INC. | $83,079 | 0.0% | NEW | 24.6 |
| 140 |  $FIVNPUT | Five9, Inc. | $61,500 | — | NEW | 59.7 |
| 141 | — | BROOKDALE SR LIVING INC - NOTE 3.500%10/1 | $57,402 | 0.0% | -40% | — |
| 142 |  $HIMSPUT | Hims & Hers Health, Inc. | $57,000 | — | NEW | 53.4 |
| 143 |  $OPFI | OppFi Inc. | $51,208 | 0.0% | +71% | 67.5 |
| 144 |  $SPXCPUT | SPX Technologies, Inc. | $45,480 | — | NEW | 69.2 |
| 145 | — | EL PASO ENERGY CAP TR I - PFD CV TR SEC 28 | $45,179 | 0.0% | -21% | — |
| 146 | $ABCALL | ALLIANCEBERNSTEIN HOLDING L.P. | $35,525 | — | -23% | — |
| 147 |  $IAUX | i-80 Gold Corp. | $29,811 | 0.0% | NEW | 30.6 |
| 148 |  $RDZN | Roadzen Inc. | $29,179 | 0.0% | +0% | 32 |
| 149 |  $PEO | ADAMS NATURAL RESOURCES FUND, INC. | $24,399 | 0.0% | +4% | — |
| 150 |  $SPWR | SunPower Inc. | $1,773 | 0.0% | -55% | 38.8 |
| 151 |  $AIIO | ROBO.AI INC. | $1,155 | 0.0% | -55% | — |
New Positions (55)
$BABA Alibaba Group Holding Ltd$54.1M$UBER Uber Technologies, Inc$37.2M$RVMD Revolution Medicines, Inc.$27.7M$MCHP MICROCHIP TECHNOLOGY INC$26.2M$GLNG GOLAR LNG LTD$15.4M$SITM SITIME Corp$8.3M$VSH VISHAY INTERTECHNOLOGY INC$7.9M$WEC WEC ENERGY GROUP, INC.$7.8M$PI IMPINJ INC$7.0MExited Positions (65)
$DUK Duke Energy CORP
$TYL TYLER TECHNOLOGIES INC
$VTR Ventas, Inc.
$MKSI MKS INC
$SSRM SSR MINING INC.
$GVA GRANITE CONSTRUCTION INC
$LYV Live Nation Entertainment, Inc.
$F FORD MOTOR CO
$BTU PEABODY ENERGY CORP
$EXPE Expedia Group, Inc.
$ENOV Enovis CORP
$KYN Kayne Anderson Energy Infrastructure Fund, Inc.Browse Top Institutional Investors
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