Filed: 10/17/2025ACC: 0001420506-25-002864
📋 What this filing means
ZAZOVE ASSOCIATES LLC filed this quarterly 13F‑HR report disclosing 170 equity positions with a total reported market value of $1.10B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
170
Positions
$1.10B
Total AUM (reported)
950.18M
Total Shares
Allocation by class
NOTE 2.625% 3/0$64.95M5.9%
NOTE 3.750% 6/0$61.39M5.6%
DBCV 2.250% 8/1$60.81M5.5%
NOTE 0.250% 3/1$51.38M4.6%
NOTE 1.250% 6/0$45.23M4.1%
NOTE 4.125% 4/1$44.71M4.0%
NOTE 1.125% 8/1$42.33M3.8%
Portfolio Concentration
Top 3$187.15M16.9%
4–10$289.14M26.2%
11–25$344.21M31.2%
Rest$284.43M25.7%
Top 3 weight
16.9%
Top 10 weight
43.1%
Voting Authority Distribution
Total shares with voting rights: 21.32M
Sole
Full voting authority
21.32M
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)
Sole170
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings170
Rows:
PARSONS CORP DEL
SOLEShares56.89M
TypePRN
Market value$64.95M
5.88%
Sole
0.00
Shared
0.00
None
0.00
VENTAS RLTY LTD PARTNERSHIP
SOLEShares47.70M
TypePRN
Market value$61.39M
5.56%
Sole
0.00
Shared
0.00
None
0.00
TETRA TECH INC NEW
SOLEShares56.41M
TypePRN
Market value$60.81M
5.50%
Sole
0.00
Shared
0.00
None
0.00
TYLER TEX INDPT SCH DIST
SOLEShares46.66M
TypePRN
Market value$51.38M
4.65%
Sole
0.00
Shared
0.00
None
0.00
MKS INC.
SOLEShares41.17M
TypePRN
Market value$45.23M
4.09%
Sole
0.00
Shared
0.00
None
0.00
DUKE ENERGY CORP NEW
SOLEShares41.69M
TypePRN
Market value$44.71M
4.05%
Sole
0.00
Shared
0.00
None
0.00
FLUOR CORP
SOLEShares35.62M
TypePRN
Market value$42.33M
3.83%
Sole
0.00
Shared
0.00
None
0.00
ITRON INC
SOLEShares32.48M
TypePRN
Market value$37.35M
3.38%
Sole
0.00
Shared
0.00
None
0.00
VARONIS SYS INC
SOLEShares32.63M
TypePRN
Market value$35.34M
3.20%
Sole
0.00
Shared
0.00
None
0.00
BOFA FIN LLC
SOLEShares33.13M
TypePRN
Market value$32.81M
2.97%
Sole
0.00
Shared
0.00
None
0.00
PPL CAP FDG INC
SOLEShares28.08M
TypePRN
Market value$32.11M
2.91%
Sole
0.00
Shared
0.00
None
0.00
SOUTHERN CO
SOLEShares26.96M
TypePRN
Market value$30.05M
2.72%
Sole
0.00
Shared
0.00
None
0.00
GLOBAL PMTS INC
SOLEShares32.66M
TypePRN
Market value$29.88M
2.70%
Sole
0.00
Shared
0.00
None
0.00
HAEMONETICS CORP MASS
SOLEShares31.95M
TypePRN
Market value$29.52M
2.67%
Sole
0.00
Shared
0.00
None
0.00
JAZZ INVESTMENTS I LTD
SOLEShares23.68M
TypePRN
Market value$28.18M
2.55%
Sole
0.00
Shared
0.00
None
0.00
REPLIGEN CORP
SOLEShares26.25M
TypePRN
Market value$26.46M
2.39%
Sole
0.00
Shared
0.00
None
0.00
SHOPIFY INC
SOLEShares23.25M
TypePRN
Market value$24.49M
2.22%
Sole
0.00
Shared
0.00
None
0.00
EVERGY INC
SOLEShares19.27M
TypePRN
Market value$24.15M
2.19%
Sole
0.00
Shared
0.00
None
0.00
AEROVIRONMENT INC
SOLEShares16.52M
TypePRN
Market value$20.52M
1.86%
Sole
0.00
Shared
0.00
None
0.00
ADVANCED ENERGY INDS
SOLEShares14.70M
TypePRN
Market value$20.37M
1.84%
Sole
0.00
Shared
0.00
None
0.00
BRAEMAR HOTELS & RESORTS INC
SOLEShares17.65M
TypePRN
Market value$17.29M
1.57%
Sole
0.00
Shared
0.00
None
0.00
BROOKDALE SR LIVING INC
SOLEShares14.35M
TypePRN
Market value$16.78M
1.52%
Sole
0.00
Shared
0.00
None
0.00
GRANITE CONSTR INC
SOLEShares9.85M
TypePRN
Market value$15.12M
1.37%
Sole
0.00
Shared
0.00
None
0.00
SNOWFLAKE INC
SOLEShares9.43M
TypePRN
Market value$14.77M
1.34%
Sole
0.00
Shared
0.00
None
0.00
SSR MINING IN
SOLEShares10.26M
TypePRN
Market value$14.53M
1.31%
Sole
0.00
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PARSONS CORP DELSOLE | NOTE 2.625% 3/0 | 56.89M | PRN | $64.95M 5.88% | 0.00 | 0.00 | 0.00 |
VENTAS RLTY LTD PARTNERSHIPSOLE | NOTE 3.750% 6/0 | 47.70M | PRN | $61.39M 5.56% | 0.00 | 0.00 | 0.00 |
TETRA TECH INC NEWSOLE | DBCV 2.250% 8/1 | 56.41M | PRN | $60.81M 5.50% | 0.00 | 0.00 | 0.00 |
TYLER TEX INDPT SCH DISTSOLE | NOTE 0.250% 3/1 | 46.66M | PRN | $51.38M 4.65% | 0.00 | 0.00 | 0.00 |
MKS INC.SOLE | NOTE 1.250% 6/0 | 41.17M | PRN | $45.23M 4.09% | 0.00 | 0.00 | 0.00 |
DUKE ENERGY CORP NEWSOLE | NOTE 4.125% 4/1 | 41.69M | PRN | $44.71M 4.05% | 0.00 | 0.00 | 0.00 |
FLUOR CORPSOLE | NOTE 1.125% 8/1 | 35.62M | PRN | $42.33M 3.83% | 0.00 | 0.00 | 0.00 |
ITRON INCSOLE | NOTE 1.375% 7/1 | 32.48M | PRN | $37.35M 3.38% | 0.00 | 0.00 | 0.00 |
VARONIS SYS INCSOLE | NOTE 1.000% 9/1 | 32.63M | PRN | $35.34M 3.20% | 0.00 | 0.00 | 0.00 |
BOFA FIN LLCSOLE | MTNF 0.600% 5/2 | 33.13M | PRN | $32.81M 2.97% | 0.00 | 0.00 | 0.00 |
PPL CAP FDG INCSOLE | NOTE 2.875% 3/1 | 28.08M | PRN | $32.11M 2.91% | 0.00 | 0.00 | 0.00 |
SOUTHERN COSOLE | NOTE 4.500% 6/1 | 26.96M | PRN | $30.05M 2.72% | 0.00 | 0.00 | 0.00 |
GLOBAL PMTS INCSOLE | NOTE 1.500% 3/0 | 32.66M | PRN | $29.88M 2.70% | 0.00 | 0.00 | 0.00 |
HAEMONETICS CORP MASSSOLE | NOTE 2.500% 6/0 | 31.95M | PRN | $29.52M 2.67% | 0.00 | 0.00 | 0.00 |
JAZZ INVESTMENTS I LTDSOLE | NOTE 3.125% 9/1 | 23.68M | PRN | $28.18M 2.55% | 0.00 | 0.00 | 0.00 |
REPLIGEN CORPSOLE | NOTE 1.000%12/1 | 26.25M | PRN | $26.46M 2.39% | 0.00 | 0.00 | 0.00 |
SHOPIFY INCSOLE | NOTE 0.125%11/0 | 23.25M | PRN | $24.49M 2.22% | 0.00 | 0.00 | 0.00 |
EVERGY INCSOLE | NOTE 4.500%12/1 | 19.27M | PRN | $24.15M 2.19% | 0.00 | 0.00 | 0.00 |
AEROVIRONMENT INCSOLE | NOTE 7/1 | 16.52M | PRN | $20.52M 1.86% | 0.00 | 0.00 | 0.00 |
ADVANCED ENERGY INDSSOLE | NOTE 2.500% 9/1 | 14.70M | PRN | $20.37M 1.84% | 0.00 | 0.00 | 0.00 |
BRAEMAR HOTELS & RESORTS INCSOLE | NOTE 4.500% 6/0 | 17.65M | PRN | $17.29M 1.57% | 0.00 | 0.00 | 0.00 |
BROOKDALE SR LIVING INCSOLE | NOTE 2.000%10/1 | 14.35M | PRN | $16.78M 1.52% | 0.00 | 0.00 | 0.00 |
GRANITE CONSTR INCSOLE | NOTE 3.250% 6/1 | 9.85M | PRN | $15.12M 1.37% | 0.00 | 0.00 | 0.00 |
SNOWFLAKE INCSOLE | NOTE 10/0 | 9.43M | PRN | $14.77M 1.34% | 0.00 | 0.00 | 0.00 |
SSR MINING INSOLE | NOTE 2.500% 4/0 | 10.26M | PRN | $14.53M 1.31% | 0.00 | 0.00 | 0.00 |
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