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CIK: 0001009012
Total reported value
$1.2B
$1.2B
160 檔
25.1%
At the close of Q4 2025, Zazove Associates LLC disclosed equity holdings valued at approximately $1.2B, spread across 160 reported holdings.
Zazove Associates LLC executed strategic sector rebalancing during Q4 2025, establishing 9 new positions while fully exiting 7 holdings and trimming 18 positions.
In terms of portfolio concentration, the top 5 core holdings (including DUK 4.125 04-15-26, TTEK 2.25 08-15-28, TYL 0.25 03-15-26) accounted for 25.1% of total reported equity market value during Q4 2025.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DUK 4.125 04-15-26Bond | Duke Energy CORP | Bond | 5.43% | -0.96% | EXIT | |
| 2 | TTEK 2.25 08-15-28Bond | Tetra Tech Inc | Bond | 5.32% | -1.37% | +0.82% | |
| 3 | TYL 0.25 03-15-26Bond | Tyler Technologies Inc | Bond | 5.32% | — | +30.63% | |
| 4 | PSN 2.625 03-01-29Bond | Parsons CORP | Bond | 5.27% | -1.80% | +4.13% | |
| 5 | VTR 3.75 06-01-26Bond | Ventas Realty LP | Bond | 5.15% | -0.80% | EXIT | |
| 6 | SPOT 0 03-15-26Bond | Spotify USA Inc | Bond | 4.83% | — | +403.07% | |
| 7 | MKSI 1.25 06-01-30Bond | Mks Inc | Bond | 4.54% | -0.43% | EXIT | |
| 8 | FLR 1.125 08-15-29Bond | Fluor CORP | Bond | 3.93% | -1.06% | +12.10% | |
| 9 | NTNX 0.25 10-01-27Bond | Nutanix Inc | Bond | 3.00% | -0.21% | +2653.33% | |
| 10 | ITRI 1.375 07-15-30Bond | Itron Inc | Bond | 2.96% | -1.02% | +4.26% | |
| 11 | JAZZ 3.125 09-15-30Bond | Jazz Investments I LTD | Bond | 2.66% | -2.07% | -2.28% | |
| 12 | PPL 2.875 03-15-28Bond | Ppl Capital Funding Inc | Bond | 2.64% | -0.83% | -0.71% | |
| 13 | SO 4.5 06-15-27Bond | Southern Co | Bond | 2.63% | +1.18% | +5.88% | |
| 14 | RGEN 1 12-15-28Bond | Repligen CORP | Bond | 2.49% | -0.46% | +0.19% | |
| 15 | SSRMCN 2.5 04-01-39Bond | Ssr Mining Inc | Bond | 2.46% | — | +112.14% | |
| 16 | GWRE 1.25 11-01-29Bond | Guidewire Software Inc | Bond | 2.40% | -0.56% | — | |
| 17 | VRNS 1 09-15-29Bond | Varonis System Inc | Bond | 1.92% | — | -26.51% | |
| 18 | HAE 2.5 06-01-29Bond | Haemonetics CORP | Bond | 1.91% | -1.03% | -33.41% | |
| 19 | AVAV 0 07-15-30Bond | Aerovironment Inc | Bond | 1.86% | -0.75% | +19.98% | |
| 20 | EVRG 4.5 12-15-27Bond | Evergy Inc | Bond | 1.82% | -0.44% | -10.38% | |
| 21 | BAC 0.6 05-25-27 MTNBond | Bofa Finance LLC | Bond | 1.77% | -0.09% | -42.82% | |
| 22 | BKD 2 10-15-26Bond | Brookdale Senior Living | Bond | 1.70% | -0.23% | — | |
| 23 | ITGR 2.125 02-15-28Bond | Integer Holdings CORP | Bond | 1.50% | -0.45% | — | |
| 24 | BHR 4.5 06-01-26Bond | Braemar Hotels & Resorts | Bond | 1.48% | -1.76% | EXIT | |
| 25 | GPN 1.5 03-01-31Bond | Global Payments Inc | Bond | 1.31% | -0.14% | -48.07% | |
| 26 | GVA 3.25 06-15-30Bond | Granite Construction Inc | Bond | 1.12% | — | -17.01% | |
| 27 | NOG 3.625 04-15-29Bond | Northern Oil & Gas Inc | Bond | 1.12% | -0.11% | +4.48% | |
| 28 | LYV 2.875 01-15-30Bond | Live Nation Entertainmen | Bond | 1.02% | -0.12% | EXIT | |
| 29 | F 0 03-15-26Bond | Ford Motor Company | Bond | 0.96% | — | +256.17% | |
| 30 | BTU 3.25 03-01-28Bond | Peabody Energy CORP | Bond | 0.87% | — | — | |
| 31 | BAC 7.25 PERP LBond | Bank Of America CORP | Bond | 0.84% | -0.76% | +5.39% | |
| 32 | EXPE 0 02-15-26Bond | Expedia Group Inc | Bond | 0.80% | — | +824.97% | |
| 33 | ENOV 3.875 10-15-28Bond | Enovis CORP | Bond | 0.76% | — | -18.09% | |
| 34 | AWK 3.625 06-15-26Bond | American Water Capital C | Bond | 0.73% | -1.10% | EXIT | |
| 35 | OPK 3.75 01-15-29Bond | Opko Health Inc | Bond | 0.68% | -0.05% | — | |
| 36 | VERX 0.75 05-01-29Bond | Vertex Inc | Bond | 0.66% | -0.16% | -38.46% | |
| 37 | BHR | Braemar Hotels & Resorts Inc | Stock-Other | 0.60% | -0.03% | +7.19% | |
| 38 | FRPT 3 04-01-28Bond | Freshpet Inc | Bond | 0.58% | +1.18% | +53.05% | |
| 39 | PCG 4.25 12-01-27Bond | Pg&e CORP | Bond | 0.53% | +0.15% | — | |
| 40 | WKC 3.25 07-01-28Bond | World Kinect Group | Bond | 0.46% | +0.35% | +0.59% | |
| 41 | LNT 3.875 03-15-26Bond | Alliant Energy CORP | Bond | 0.45% | — | — | |
| 42 | KYN | Kayne Anderson Energy Infra | Stock-Other | 0.44% | -0.62% | EXIT | |
| 43 | RIVN 4.625 03-15-29Bond | Rivian Auto Inc | Bond | 0.43% | +0.31% | — | |
| 44 | AFRM 0.75 12-15-29Bond | Affirm Holdings Inc | Bond | 0.43% | +0.27% | — | |
| 45 | VUSB | Vanguard Ultra Short Bond Et | ETF-Other | 0.43% | -0.11% | — | |
| 46 | SNOW 0 10-01-29Bond | Snowflake Inc | Bond | 0.40% | -0.23% | -68.56% | |
| 47 | ✓ | Urban One Inc | Stock-Other | 0.37% | — | +1.17% | |
| 48 | LYFT 0.625 03-01-29Bond | Lyft Inc | Bond | 0.36% | -1.40% | — | |
| 49 | MTH 1.75 05-15-28Bond | Meritage Homes CORP | Bond | 0.35% | — | -61.03% | |
| 50 | UAN | Cvr Partners LP | Stock-Other | 0.35% | -0.51% | EXIT |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPOT 0 03-15-26Bond | Spotify USA Inc | +3.6% | +403.07% | Add |
| 2 | NTNX 0.25 10-01-27Bond | Nutanix Inc | +2.9% | +2653.33% | Add |
| 3 | DUK 4.125 04-15-26Bond | Duke Energy CORP | +1.4% | +46.60% | Add |
| 4 | SSRMCN 2.5 04-01-39Bond | Ssr Mining Inc | +1.2% | +112.14% | Add |
| 5 | EXPE 0 02-15-26Bond | Expedia Group Inc | +0.7% | +824.97% | Add |
| 6 | F 0 03-15-26Bond | Ford Motor Company | +0.7% | +256.17% | Add |
| 7 | TYL 0.25 03-15-26Bond | Tyler Technologies Inc | +0.7% | +30.63% | Add |
| 8 | MKSI 1.25 06-01-30Bond | Mks Inc | +0.5% | +0.02% | Add |
| 9 | FRPT 3 04-01-28Bond | Freshpet Inc | +0.2% | +53.05% | Add |
| 10 | BKD 2 10-15-26Bond | Brookdale Senior Living | +0.2% | — | Unchanged |
| 11 | BHR 5.5 PERP bBond | Braemar Hotels & Resorts | +0.1% | +423.82% | Add |
| 12 | JAZZ 3.125 09-15-30Bond | Jazz Investments I LTD | +0.1% | -2.28% | Trim |
| 13 | FLR 1.125 08-15-29Bond | Fluor CORP | +0.1% | +12.10% | Add |
| 14 | RGEN 1 12-15-28Bond | Repligen CORP | +0.1% | +0.19% | Add |
| 15 | OPK 3.75 01-15-29Bond | Opko Health Inc | -0.1% | — | Unchanged |
| 16 | ENOV 3.875 10-15-28Bond | Enovis CORP | -0.2% | -18.09% | Trim |
| 17 | GVA 3.25 06-15-30Bond | Granite Construction Inc | -0.3% | -17.01% | Trim |
| 18 | PPL 2.875 03-15-28Bond | Ppl Capital Funding Inc | -0.3% | -0.71% | Trim |
| 19 | KOS 3.125 03-15-30Bond | Kosmos Energy LTD | -0.3% | -31.68% | Trim |
| 20 | EVRG 4.5 12-15-27Bond | Evergy Inc | -0.4% | -10.38% | Trim |
| 21 | VTR 3.75 06-01-26Bond | Ventas Realty LP | -0.4% | -11.57% | Trim |
| 22 | ITRI 1.375 07-15-30Bond | Itron Inc | -0.4% | +4.26% | Add |
| 23 | VERX 0.75 05-01-29Bond | Vertex Inc | -0.6% | -38.46% | Trim |
| 24 | PSN 2.625 03-01-29Bond | Parsons CORP | -0.6% | +4.13% | Add |
| 25 | MTH 1.75 05-15-28Bond | Meritage Homes CORP | -0.6% | -61.03% | Trim |
| 26 | HAE 2.5 06-01-29Bond | Haemonetics CORP | -0.8% | -33.41% | Trim |
| 27 | COIN 0.5 06-01-26Bond | Coinbase Global Inc | -0.8% | -97.54% | Trim |
| 28 | SNOW 0 10-01-29Bond | Snowflake Inc | -0.9% | -68.56% | Trim |
| 29 | NCLH 1.125 02-15-27Bond | Ncl Corporation LTD | -1.1% | -91.61% | Trim |
| 30 | FOUR 0.5 08-01-27Bond | Shift4 Payments Inc | -1.1% | -95.48% | Trim |
| 31 | BAC 0.6 05-25-27 MTNBond | Bofa Finance LLC | -1.2% | -42.82% | Trim |
| 32 | VRNS 1 09-15-29Bond | Varonis System Inc | -1.3% | -26.51% | Trim |
| 33 | GPN 1.5 03-01-31Bond | Global Payments Inc | -1.4% | -48.07% | Trim |
| 34 | AEIS 2.5 09-15-28Bond | Advanced Energy Ind | -1.8% | -98.98% | Trim |
| 35 | GWRE 1.25 11-01-29Bond | Guidewire Software Inc | — | NEW | New buy |
| 36 | SHOPCN 0.125 11-01-25Bond | Shopify Inc | — | EXIT | Sold out |
| 37 | ITGR 2.125 02-15-28Bond | Integer Holdings CORP | — | NEW | New buy |
| 38 | LYV 2.875 01-15-30Bond | Live Nation Entertainmen | — | NEW | New buy |
| 39 | EQXCN 4.75 10-15-28Bond | Equinox Gold CORP | — | EXIT | Sold out |
| 40 | AFRM 0.75 12-15-29Bond | Affirm Holdings Inc | — | NEW | New buy |
| 41 | MGPI 1.875 11-15-41Bond | Mgp Ingredients Inc | — | EXIT | Sold out |
| 42 | GRNT | Granite Ridge Resources Inc | — | NEW | New buy |
| 43 | AGCN 0.375 01-15-27Bond | First Majestic Silver | — | NEW | New buy |
| 44 | DDOG 0 12-01-29Bond | Datadog Inc | — | NEW | New buy |
| 45 | FLNC 2.25 06-15-30Bond | Fluence Energy Inc | — | NEW | New buy |
| 46 | POST 2.5 08-15-27Bond | Post Holdings Inc | — | EXIT | Sold out |
| 47 | UPST 1 11-15-30Bond | Upstart Holdings Inc | — | NEW | New buy |
| 48 | FIVN 1 03-15-29Bond | Five9 Inc | — | EXIT | Sold out |
| 49 | ✓ | — | EXIT | Sold out | |
| 50 | ITRI 0 03-15-26Bond | Itron Inc | — | EXIT | Sold out |
According to official SEC Form 13F filings, Zazove Associates LLC reported a total U.S. public equity portfolio value of $1.2B across 160 disclosed positions in Q4 2025.
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Top New Position Initiated
GWRE 1.25 11-01-29
市值: $27.9M
Top Position Liquidated / Trimmed
SHOPCN 0.125 11-01-25
前期市值: $24.5M
During Q4 2025, Zazove Associates LLC's top holdings by market value included DUK 4.125 04-15-26 (5.4%)、TTEK 2.25 08-15-28 (5.3%)、TYL 0.25 03-15-26 (5.3%). The largest single position, DUK 4.125 04-15-26, represented 5.4% of total portfolio value.
In Q4 2025, Zazove Associates LLC made 48 total portfolio adjustments, initiating 9 new buys, adding to 14 positions, trimming 18 holdings, and fully liquidating 7 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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