Filed: 2/18/2026ACC: 0001009012-26-000003
📋 What this filing means
ZAZOVE ASSOCIATES LLC filed this quarterly 13F‑HR report disclosing 160 equity positions with a total reported market value of $1.16B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
160
Positions
$1.16B
Total AUM (reported)
1B
Total Shares
Allocation by class
NOTE 3/1$67.68M5.8%
NOTE 4.125% 4/1$63.03M5.4%
DBCV 2.250% 8/1$61.79M5.3%
NOTE 0.250% 3/1$61.77M5.3%
NOTE 2.625% 3/0$61.19M5.3%
NOTE 3.750% 6/0$59.85M5.2%
NOTE 1.250% 6/0$52.72M4.5%
Portfolio Concentration
Top 3$186.59M16.1%
4–10$344.71M29.7%
11–25$354.82M30.6%
Rest$275.15M23.7%
Top 3 weight
16.1%
Top 10 weight
45.8%
Voting Authority Distribution
Total shares with voting rights: 24.56M
Sole
Full voting authority
24.56M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole160
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings160
Rows:
DUKE ENERGY CORP NEW
SOLEShares61.11M
TypePRN
Market value$63.03M
5.43%
Sole
0.00
Shared
0.00
None
0.00
TETRA TECH INC NEW
SOLEShares56.88M
TypePRN
Market value$61.79M
5.32%
Sole
0.00
Shared
0.00
None
0.00
TYLER TEX INDPT SCH DIST
SOLEShares60.95M
TypePRN
Market value$61.77M
5.32%
Sole
0.00
Shared
0.00
None
0.00
PARSONS CORP DEL
SOLEShares59.24M
TypePRN
Market value$61.19M
5.27%
Sole
0.00
Shared
0.00
None
0.00
VENTAS RLTY LTD PARTNERSHIP
SOLEShares42.17M
TypePRN
Market value$59.85M
5.15%
Sole
0.00
Shared
0.00
None
0.00
SPOTIFY USA INC
SOLEShares49.28M
TypePRN
Market value$56.10M
4.83%
Sole
0.00
Shared
0.00
None
0.00
MKS INC.
SOLEShares41.18M
TypePRN
Market value$52.72M
4.54%
Sole
0.00
Shared
0.00
None
0.00
FLUOR CORP
SOLEShares39.93M
TypePRN
Market value$45.65M
3.93%
Sole
0.00
Shared
0.00
None
0.00
NUTANIX INC
SOLEShares30.98M
TypePRN
Market value$34.87M
3.00%
Sole
0.00
Shared
0.00
None
0.00
ITRON INC
SOLEShares33.87M
TypePRN
Market value$34.33M
2.96%
Sole
0.00
Shared
0.00
None
0.00
JAZZ INVESTMENTS I LTD
SOLEShares23.14M
TypePRN
Market value$30.91M
2.66%
Sole
0.00
Shared
0.00
None
0.00
PPL CAP FDG INC
SOLEShares27.88M
TypePRN
Market value$30.62M
2.64%
Sole
0.00
Shared
0.00
None
0.00
SOUTHERN CO
SOLEShares28.55M
TypePRN
Market value$30.53M
2.63%
Sole
0.00
Shared
0.00
None
0.00
REPLIGEN CORP
SOLEShares26.30M
TypePRN
Market value$28.92M
2.49%
Sole
0.00
Shared
0.00
None
0.00
SSR MINING IN
SOLEShares21.75M
TypePRN
Market value$28.55M
2.46%
Sole
0.00
Shared
0.00
None
0.00
GUIDEWIRE SOFTWARE INC
SOLEShares25.30M
TypePRN
Market value$27.89M
2.40%
Sole
0.00
Shared
0.00
None
0.00
VARONIS SYS INC
SOLEShares23.98M
TypePRN
Market value$22.33M
1.92%
Sole
0.00
Shared
0.00
None
0.00
HAEMONETICS CORP MASS
SOLEShares21.27M
TypePRN
Market value$22.14M
1.91%
Sole
0.00
Shared
0.00
None
0.00
AEROVIRONMENT INC
SOLEShares19.82M
TypePRN
Market value$21.61M
1.86%
Sole
0.00
Shared
0.00
None
0.00
EVERGY INC
SOLEShares17.27M
TypePRN
Market value$21.08M
1.82%
Sole
0.00
Shared
0.00
None
0.00
BOFA FIN LLC
SOLEShares18.94M
TypePRN
Market value$20.61M
1.77%
Sole
0.00
Shared
0.00
None
0.00
BROOKDALE SR LIVING INC
SOLEShares14.35M
TypePRN
Market value$19.69M
1.70%
Sole
0.00
Shared
0.00
None
0.00
INTEGER HLDGS CORP
SOLEShares15.45M
TypePRN
Market value$17.46M
1.50%
Sole
0.00
Shared
0.00
None
0.00
BRAEMAR HOTELS & RESORTS INC
SOLEShares17.45M
TypePRN
Market value$17.23M
1.48%
Sole
0.00
Shared
0.00
None
0.00
GLOBAL PMTS INC
SOLEShares16.96M
TypePRN
Market value$15.25M
1.31%
Sole
0.00
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
DUKE ENERGY CORP NEWSOLE | NOTE 4.125% 4/1 | 61.11M | PRN | $63.03M 5.43% | 0.00 | 0.00 | 0.00 |
TETRA TECH INC NEWSOLE | DBCV 2.250% 8/1 | 56.88M | PRN | $61.79M 5.32% | 0.00 | 0.00 | 0.00 |
TYLER TEX INDPT SCH DISTSOLE | NOTE 0.250% 3/1 | 60.95M | PRN | $61.77M 5.32% | 0.00 | 0.00 | 0.00 |
PARSONS CORP DELSOLE | NOTE 2.625% 3/0 | 59.24M | PRN | $61.19M 5.27% | 0.00 | 0.00 | 0.00 |
VENTAS RLTY LTD PARTNERSHIPSOLE | NOTE 3.750% 6/0 | 42.17M | PRN | $59.85M 5.15% | 0.00 | 0.00 | 0.00 |
SPOTIFY USA INCSOLE | NOTE 3/1 | 49.28M | PRN | $56.10M 4.83% | 0.00 | 0.00 | 0.00 |
MKS INC.SOLE | NOTE 1.250% 6/0 | 41.18M | PRN | $52.72M 4.54% | 0.00 | 0.00 | 0.00 |
FLUOR CORPSOLE | NOTE 1.125% 8/1 | 39.93M | PRN | $45.65M 3.93% | 0.00 | 0.00 | 0.00 |
NUTANIX INCSOLE | NOTE 0.250%10/0 | 30.98M | PRN | $34.87M 3.00% | 0.00 | 0.00 | 0.00 |
ITRON INCSOLE | NOTE 1.375% 7/1 | 33.87M | PRN | $34.33M 2.96% | 0.00 | 0.00 | 0.00 |
JAZZ INVESTMENTS I LTDSOLE | NOTE 3.125% 9/1 | 23.14M | PRN | $30.91M 2.66% | 0.00 | 0.00 | 0.00 |
PPL CAP FDG INCSOLE | NOTE 2.875% 3/1 | 27.88M | PRN | $30.62M 2.64% | 0.00 | 0.00 | 0.00 |
SOUTHERN COSOLE | NOTE 4.500% 6/1 | 28.55M | PRN | $30.53M 2.63% | 0.00 | 0.00 | 0.00 |
REPLIGEN CORPSOLE | NOTE 1.000%12/1 | 26.30M | PRN | $28.92M 2.49% | 0.00 | 0.00 | 0.00 |
SSR MINING INSOLE | NOTE 2.500% 4/0 | 21.75M | PRN | $28.55M 2.46% | 0.00 | 0.00 | 0.00 |
GUIDEWIRE SOFTWARE INCSOLE | NOTE 1.250%11/0 | 25.30M | PRN | $27.89M 2.40% | 0.00 | 0.00 | 0.00 |
VARONIS SYS INCSOLE | NOTE 1.000% 9/1 | 23.98M | PRN | $22.33M 1.92% | 0.00 | 0.00 | 0.00 |
HAEMONETICS CORP MASSSOLE | NOTE 2.500% 6/0 | 21.27M | PRN | $22.14M 1.91% | 0.00 | 0.00 | 0.00 |
AEROVIRONMENT INCSOLE | NOTE 7/1 | 19.82M | PRN | $21.61M 1.86% | 0.00 | 0.00 | 0.00 |
EVERGY INCSOLE | NOTE 4.500%12/1 | 17.27M | PRN | $21.08M 1.82% | 0.00 | 0.00 | 0.00 |
BOFA FIN LLCSOLE | MTNF 0.600% 5/2 | 18.94M | PRN | $20.61M 1.77% | 0.00 | 0.00 | 0.00 |
BROOKDALE SR LIVING INCSOLE | NOTE 2.000%10/1 | 14.35M | PRN | $19.69M 1.70% | 0.00 | 0.00 | 0.00 |
INTEGER HLDGS CORPSOLE | NOTE 2.125% 2/1 | 15.45M | PRN | $17.46M 1.50% | 0.00 | 0.00 | 0.00 |
BRAEMAR HOTELS & RESORTS INCSOLE | NOTE 4.500% 6/0 | 17.45M | PRN | $17.23M 1.48% | 0.00 | 0.00 | 0.00 |
GLOBAL PMTS INCSOLE | NOTE 1.500% 3/0 | 16.96M | PRN | $15.25M 1.31% | 0.00 | 0.00 | 0.00 |
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