ZE
Zeno Equity Partners LLP
Momentum followerQuality / disciplined sizingHigh-turnover trader
Total reported value
$246.4M
Reporting period: 2026-03-31 · Number of holdings: 13
Zeno Equity Partners LLP disclosed 13 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $246.4M and a quarterly turnover rate of 71.2%.
Personality snowflake
- Concentration
- 42.5
- Portfolio Stability
- 71.24
- Momentum/Contrarian
- 100
- Sector conviction
- 66.03
- Diversification
- 26
- Sizing Uniformity
- 93.57
Recent moves
Trim LIN
-64.0% -$27.3M
Trim G9503X103
0.0% -$11.4M
Add PAX
+128.5% $7.6M
Trim SGI
-12.8% -$6.6M
Add AMZN
+47.8% $7.4M
Trim DHR
+11.1% -$4.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DHR | Danaher CORP | Stock-Healthcare | 19.10% | -2.13% | +11.09% | |
| 2 | LIN | Linde plc | Stock-Materials | 12.29% | -11.60% | -64.04% | |
| 3 | AMZN | Amazon.com INC | Stock-Consumer Disc | 11.95% | +2.79% | +47.81% | |
| 4 | VIST | Vista Energy Sab De Cv | Stock-Other | 8.89% | +8.89% | NEW | |
| 5 | DSGX | Descartes Systems Grp/the | Stock-Tech | 8.32% | +8.32% | NEW | |
| 6 | HEI-A | Heico Corp-class A | Stock-Other | 7.73% | -1.29% | -63.64% | |
| 7 | ITUB | Itau Unibanco H-spon Prf Adr | Stock-Financials | 7.61% | +7.61% | NEW | |
| 8 | SGI | Somnigroup International INC | Stock-Consumer Disc | 7.00% | -2.91% | -12.78% | |
| 9 | PAX | Patria Investments Limited | Stock-Other | 6.90% | +3.01% | +128.47% | |
| 10 | ✓ | Waldencast PLC | Stock-Other | 4.72% | -4.83% | — | |
| 11 | PAM | Pampa Energia Sa-spon Adr | Stock-Other | 4.15% | +4.15% | NEW | |
| 12 | RYAAY | Ryanair Holdings Plc-sp Adr | Stock-Industrials | 1.26% | +1.26% | NEW | |
| 13 | ✓ | Waldencast PLC | Stock-Other | 0.07% | — | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 13 | $246.4M | 71 | |
| 2025-12-31 | 12 | $241.2M | 27 | |
| 2025-09-30 | 9 | $215.1M | 65 | |
| 2025-06-30 | 11 | $231.9M | 0 | |
| 2025-03-31 | 12 | $276.5M | 0 | |
| 2024-12-31 | 12 | $333.4M | 0 | |
| 2024-09-30 | 16 | $358.5M | 0 | |
| 2024-06-30 | 16 | $375.9M | 0 | |
| 2024-03-31 | 15 | $446.7M | 0 | |
| 2023-12-31 | 14 | $4.0B | 0 |
Holding changes this quarter
Zeno Equity Partners LLP's most significant position changes for 2026-03-31: New buy: Vista Energy Sab De Cv (VIST); New buy: Descartes Systems Grp/the (DSGX); New buy: Itau Unibanco H-spon Prf Adr (ITUB); Sold out: Texas Instruments INC (TXN); Sold out: Visa Inc-class A Shares (V).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PAX | Patria Investments Limited | +3% | +128.47% | Add |
| 2 | AMZN | Amazon.com INC | +2.8% | +47.81% | Add |
| 3 | ✓ | Waldencast PLC | — | — | Unchanged |
| 4 | HEI-A | Heico Corp-class A | -1.3% | -63.64% | Trim |
| 5 | DHR | Danaher CORP | -2.1% | +11.09% | Add |
| 6 | SGI | Somnigroup International INC | -2.9% | -12.78% | Trim |
| 7 | ✓ | Waldencast PLC | -4.8% | — | Unchanged |
| 8 | LIN | Linde plc | -11.6% | -64.04% | Trim |
| 9 | VIST | Vista Energy Sab De Cv | — | NEW | New buy |
| 10 | DSGX | Descartes Systems Grp/the | — | NEW | New buy |
| 11 | ITUB | Itau Unibanco H-spon Prf Adr | — | NEW | New buy |
| 12 | TXN | Texas Instruments INC | — | EXIT | Sold out |
| 13 | V | Visa Inc-class A Shares | — | EXIT | Sold out |
| 14 | PAM | Pampa Energia Sa-spon Adr | — | NEW | New buy |
| 15 | APH | Amphenol Corp-cl A | — | EXIT | Sold out |
| 16 | RYAAY | Ryanair Holdings Plc-sp Adr | — | NEW | New buy |
FAQ
What is Zeno Equity Partners LLP and what type of investor is it?
Zeno Equity Partners LLP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $246.4M, spread across 13 disclosed positions.
What are Zeno Equity Partners LLP's largest equity positions?
Based on the latest 13F filing, Zeno Equity Partners LLP's top holdings by market value are:
1. Danaher CORP (DHR) — $47.1M (19.1%)
2. Linde plc (LIN) — $30.3M (12.3%)
3. Amazon.com INC (AMZN) — $29.5M (11.9%)
4. Vista Energy Sab De Cv (VIST) — $21.9M (8.9%)
5. Descartes Systems Grp/the (DSGX) — $20.5M (8.3%)
What changes did Zeno Equity Partners LLP make in its most recent portfolio filing?
In the latest reported quarter, Zeno Equity Partners LLP made 14 notable position adjustments: 5 new positions were initiated, 3 existing holdings were added to, 3 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Vista Energy Sab De Cv (VIST); New buy: Descartes Systems Grp/the (DSGX); New buy: Itau Unibanco H-spon Prf Adr (ITUB); Sold out: Texas Instruments INC (TXN); Sold out: Visa Inc-class A Shares (V)
What sectors does Zeno Equity Partners LLP focus on?
Zeno Equity Partners LLP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 28.3%
• Consumer Discretionary: 28.1%
• Materials: 18.2%
• Information Technology: 12.3%
• Financials: 11.3%
• Industrials: 1.9%