ZAZOVE ASSOCIATES LLC
Follow13F filer, CIK 1009012, INCLINE VILLAGE, NV
ZAZOVE ASSOCIATES LLC reported $1,038,594,931 across 132 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-13. Its ten largest share positions make up 46.3% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-000348
- Period
- 2024-12-31
- Reported value
- $1.04B
- Holdings
- 132
- Top 10 weight
- 46.3%
- New
- 20
- Sold out
- 16
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| CPRInew | +25,000 | $526K |
| URBAN ONE INCadded | +511,914 | $509K |
| ARCHER AVIATION INCnew | +100,000 | $320K |
| HOSnew | +30,400 | $283K |
| EQXnew | +50,000 | $251K |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| AMPXexited | -969,931 | -$1.08M |
| NUSCALE PWR CORPexited | -191,131 | -$614K |
| HTZreduced | -112,417 | -$411K |
| ARKO CORPexited | -483,780 | -$250K |
| RUMBWreduced | -45,728 | -$232K |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q4 2024
Share positions as resolved from 13F-HR 0001420506-25-000348, largest first. % of portfolio is the value over $1,038,594,931, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| KYNKAYNE ANDERSON ENERGY INFRST | 676,943 | $8.6M | 0.83% | 0 | Timeline | ||
| BHRBRAEMAR HOTELS & RESORTS INC | 2,088,686 | $6.27M | 0.6% | -12,825 | Timeline | ||
| UANCVR PARTNERS LP/CVR NITROGEN | 77,700 | $5.9M | 0.57% | 0 | Timeline | ||
| GRNTGRANITE RIDGE RESOURCES INC | 913,513 | $5.9M | 0.57% | -18,542 | Timeline | ||
| WESTWESTROCK COFFEE CO | 873,079 | $5.61M | 0.54% | -12,510 | Timeline | ||
| RUMBWRUM GROUP INC | 1,070,642 | $5.43M | 0.52% | -45,728 | Timeline | ||
| NET POWER INCNET POWER INC | 1,416,590 | $5.02M | 0.48% | +62,177 | |||
| VUSBVANGUARD BD INDEX FDS | 100,000 | $4.96M | 0.48% | 0 | Timeline | ||
| URBAN ONE INCURBAN ONE INC | 4,158,977 | $4.14M | 0.4% | +511,914 | |||
| CCOCLEAR CHANNEL OUTDOOR HLDGS | 1,842,775 | $2.52M | 0.24% | 0 | Timeline | ||
| STKLSUNOPTA INC | 237,949 | $1.83M | 0.18% | -12,051 | Timeline | ||
| GDLGDL FD | 200,522 | $1.61M | 0.15% | 0 | Timeline | ||
| PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC | 389,857 | $1.31M | 0.13% | +11,100 | |||
| CMLSQCUMULUS MEDIA INC CL A COM 201 | 1,528,428 | $1.02M | 0.1% | +70,000 | Timeline | ||
| ODVOSISKO DEVELOPMENT CORP | 592,862 | $966K | 0.09% | -14,290 | Timeline | ||
| TH INTERNATIONAL LIMITEDTH INTERNATIONAL LIMITED | 1,327,151 | $942K | 0.09% | -49,314 | |||
| INTUITIVE MACHINES INCINTUITIVE MACHINES INC | 118,000 | $927K | 0.09% | +10,000 | |||
| URBAN ONE INCURBAN ONE INC | 461,516 | $711K | 0.07% | -98,045 | |||
| SKINSKINHEALTH SYSTEMS INC | 342,404 | $544K | 0.05% | 0 | Timeline | ||
| GROYGOLD ROYALTY CORP | 441,000 | $534K | 0.05% | +200,000 | Timeline | ||
| CPRICAPRI HOLDINGS LIMITED | 25,000 | $526K | 0.05% | new | Timeline | ||
| ASTSAST SPACEMOBILE INC | 20,200 | $426K | 0.04% | 0 | Timeline | ||
| PSQ HOLDINGS INCPSQ HOLDINGS INC | 448,492 | $348K | 0.03% | +177,852 | |||
| ARCHER AVIATION INCARCHER AVIATION INC | 100,000 | $320K | 0.03% | new | |||
| BRCCBRC INC | 100,000 | $317K | 0.03% | 0 | Timeline | ||
| HDSNHUDSON TECHNOLOGIES INC | 56,250 | $314K | 0.03% | 0 | Timeline | ||
| HOSHORNBECK OFFSHORE SERVICES I | 30,400 | $283K | 0.03% | new | Timeline | ||
| LANDSEA HOMES CORPLANDSEA HOMES CORP | 2,392,316 | $269K | 0.03% | +202,700 | |||
| EQXEQUINOX GOLD CORP | 50,000 | $251K | 0.02% | new | Timeline | ||
| RLJ LODGING TRRLJ LODGING TR | 9,266 | $228K | 0.02% | 0 | |||
| HTZHERTZ GLOBAL HLDGS INC | 50,000 | $183K | 0.02% | -112,417 | Timeline | ||
| ETENERGY TRANSFER L P | 5,000 | $98K | 0.01% | 0 | Timeline | ||
| TEWST1 ENERGY INC | 346,411 | $97K | 0.01% | 0 | Timeline | ||
| GCT SEMICONDUCTOR HLDG INCGCT SEMICONDUCTOR HLDG INC | 668,646 | $97K | 0.01% | 0 | |||
| EL PASO ENERGY CAP TR IEL PASO ENERGY CAP TR I | 1,321 | $63.5K | 0.01% | 0 | |||
| LANVIN GROUP HOLDINGS LIMITELANVIN GROUP HOLDINGS LIMITE | 1,334,846 | $48.9K | <0.01% | 0 | |||
| PEOADAM NAT RES FD INC | 1,901 | $41.3K | <0.01% | +82 | Timeline | ||
| PFIXSIMPLIFY EXCHANGE TRADED FUN | 604 | $31.6K | <0.01% | 0 | Timeline | ||
| RDZNWROADZEN INC | 150,602 | $25.6K | <0.01% | 0 | Timeline | ||
| JSPRWJASPER THERAPEUTICS INC | 65,456 | $12.4K | <0.01% | 0 | Timeline | ||
| PAYSAFE LIMITEDPAYSAFE LIMITED | 399,748 | $10.2K | <0.01% | 0 | |||
| AIRJWAIRJOULE TECHNOLOGIES CORP | 9,100 | $10K | <0.01% | 0 | Timeline | ||
| OPKOPKO HEALTH INC | 4,900 | $7.2K | <0.01% | new | Timeline | ||
| SPWRWSUNPOWER INC | 25,171 | $2.17K | <0.01% | 0 | Timeline | ||
| AIIOWROBO.AI INC. | 64,571 | $1.97K | <0.01% | 0 | Timeline |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 63,390,000 | $72.2M | +70,000 |
| BOFA FIN LLCBOFA FIN LLC MTNF 0.600% 5/2 | principal | 57,652,000 | $59M | +210,000 |
| AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP NOTE 3.625% 6/1 | principal | 49,225,000 | $48.6M | -15,400,000 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 47,290,000 | $48.5M | +5,900,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 | principal | 48,367,000 | $47.2M | +14,337,000 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 42,500,000 | $44.4M | -2,650,000 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 44,360,000 | $43M | -240,000 |
| TETRA TECH INC NEWTETRA TECH INC NEW DBCV 2.250% 8/1 | principal | 35,784,000 | $41.9M | new |
| MGP INGREDIENTS INC NEWMGP INGREDIENTS INC NEW NOTE 1.875%11/1 | principal | 42,116,000 | $38.9M | -760,000 |
| SIRIUSXM HOLDINGS INCSIRIUSXM HOLDINGS INC NOTE 3.750% 3/1 | principal | 35,731,000 | $37M | -11,423,000 |
| SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1 | principal | 31,230,000 | $33.3M | +12,980,000 |
| REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1 | principal | 28,715,000 | $29.5M | new |
| TYLER TEX INDPT SCH DISTTYLER TEX INDPT SCH DIST NOTE 0.250% 3/1 | principal | 24,185,000 | $29.4M | +1,481,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 22,445,000 | $24.4M | new |
| ADVANCED ENERGY INDSADVANCED ENERGY INDS NOTE 2.500% 9/1 | principal | 21,435,000 | $23.4M | +530,000 |
| PG&E CORPPG&E CORP NOTE 4.250%12/0 | principal | 21,100,000 | $23M | new |
| NUTANIX INCNUTANIX INC Convertible | principal | 18,170,000 | $22M | -8,690,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 17,570,000 | $19.4M | new |
| BRAEMAR HOTELS & RESORTS INCBRAEMAR HOTELS & RESORTS INC NOTE 4.500% 6/0 | principal | 18,140,000 | $17.1M | 0 |
| ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bond | principal | 15,270,000 | $16.9M | +2,215,000 |
| EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1 | principal | 16,292,000 | $16.2M | +16,085,000 |
| SOUTHERN COSOUTHERN CO NOTE 3.875%12/1 | principal | 15,200,000 | $16M | +200,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1 | principal | 14,760,000 | $14.9M | -7,470,000 |
| EQUINOX GOLD CORPEQUINOX GOLD CORP NOTE 4.750%10/1 | principal | 12,596,000 | $13.9M | +2,295,000 |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 12,200,000 | $13M | new |
| ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1 | principal | 11,315,000 | $12M | new |
| NCL CORP LTDNCL CORP LTD BOND | principal | 10,990,000 | $11.4M | +8,490,000 |
| BROOKDALE SR LIVING INCBROOKDALE SR LIVING INC NOTE 2.000%10/1 | principal | 10,730,000 | $10M | 0 |
| AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC NOTE 6.500% 7/0 | principal | 8,305,000 | $9.71M | -1,820,000 |
| PENN ENTERTAINMENT INCPENN ENTERTAINMENT INC NOTE 2.750% 5/1 | principal | 8,750,000 | $9.62M | +1,425,000 |
| VAREX IMAGING CORPVAREX IMAGING CORP NOTE 4.000% 6/0 | principal | 8,950,000 | $8.97M | -3,060,000 |
| INTERDIGITAL INCINTERDIGITAL INC NOTE 3.500% 6/0 | principal | 3,500,000 | $8.82M | 0 |
| CONMED CORPCONMED CORP NOTE 2.250% 6/1 | principal | 9,200,000 | $8.55M | -485,000 |
| SHIFT4 PMTS INCSHIFT4 PMTS INC NOTE 0.500% 8/0 | principal | 7,200,000 | $7.81M | new |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1 | principal | 6,000,000 | $6.63M | new |
| NORTHERN OIL & GAS INCNORTHERN OIL & GAS INC NOTE 3.625% 4/1 | principal | 5,565,000 | $6.53M | -290,000 |
| WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1 | principal | 4,000,000 | $5.31M | new |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 4,975,000 | $5.17M | 0 |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 5,000,000 | $5.14M | 0 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1 | principal | 4,310,000 | $4.37M | -2,960,000 |
| BLOOM ENERGY CORPBLOOM ENERGY CORP Bond | principal | 3,000,000 | $4.17M | 0 |
| DATADOG INCDATADOG INC NOTE 0.125% 6/1 | principal | 2,500,000 | $3.88M | -370,000 |
| LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible | principal | 2,500,000 | $3.34M | 0 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 | principal | 3,000,000 | $3.16M | 0 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 2,490,000 | $3.14M | 0 |
| TRANSMEDICS GROUP INCTRANSMEDICS GROUP INC NOTE 1.500% 6/0 | principal | 2,500,000 | $2.58M | +590,000 |
| PEABODY ENGR CORPPEABODY ENGR CORP NOTE 3.250% 3/0 | principal | 2,000,000 | $2.54M | 0 |
| LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 | principal | 2,070,000 | $2.53M | +400,000 |
| AIR TRANS SVCS GROUP INCAIR TRANS SVCS GROUP INC BOND | principal | 2,530,000 | $2.51M | -1,500,000 |
| PAGERDUTY INCPAGERDUTY INC BOND | principal | 2,500,000 | $2.41M | 0 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0 | principal | 2,500,000 | $2.36M | +500,000 |
| POST HLDGS INCPOST HLDGS INC NOTE 2.500% 8/1 | principal | 2,000,000 | $2.35M | 0 |
| SUMMIT HOTEL PPTYSSUMMIT HOTEL PPTYS NOTE 1.500% 2/1 | principal | 2,181,000 | $2.11M | -1,020,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0 | principal | 2,000,000 | $2.1M | new |
| ALTAIR ENGR INCALTAIR ENGR INC BOND | principal | 1,250,000 | $1.95M | 0 |
| INTEGER HLDGS CORPINTEGER HLDGS CORP NOTE 2.125% 2/1 | principal | 1,140,000 | $1.82M | 0 |
| CONFLUENT INCCONFLUENT INC NOTE 1/1 | principal | 2,000,000 | $1.8M | 0 |
| SEA LTDSEA LTD NOTE 2.375%12/0 | principal | 870,000 | $1.11M | -800,000 |
| ITRON INCITRON INC NOTE 3/1 | principal | 1,000,000 | $1.04M | new |
| SSR Mining IncSSR Mining Inc Convertible bond | principal | 815,000 | $785K | -15,050,000 |
| CUTERA INCCUTERA INC NOTE 4.000% 6/0 | principal | 7,775,000 | $737K | 0 |
| CUTERA INCCUTERA INC NOTE 2.250% 6/0 | principal | 7,140,000 | $690K | 0 |
| RINGCENTRAL INCRINGCENTRAL INC NOTE 3/1 | principal | 589,000 | $548K | 0 |
| MIDDLEBY CORPMIDDLEBY CORP NOTE 1.000% 9/0 | principal | 350,000 | $392K | -13,250,000 |
| PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 0.750% 8/0 | principal | 400,000 | $388K | 0 |
| FIVE9 INCFIVE9 INC NOTE 0.500% 6/0 | principal | 395,000 | $386K | 0 |
| SNAP INCSNAP INC NOTE 0.125% 3/0 | principal | 460,000 | $377K | 0 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 382,000 | $375K | 0 |
| SOLAREDGE TECHNOLOGIES INCSOLAREDGE TECHNOLOGIES INC NOTE 9/1 | principal | 400,000 | $374K | 0 |
| ZIFF DAVIS INCZIFF DAVIS INC NOTE 1.75% 11/01/2026 | principal | 394,000 | $370K | 0 |
| GROUPON INCGROUPON INC NOTE 1.125% 3/1 | principal | 400,000 | $368K | new |
| OIL STS INTL INCOIL STS INTL INC NOTE 4.750% 4/0 | principal | 375,000 | $368K | new |
| Esperion Therapeutics IncEsperion Therapeutics Inc NOTE 4.000%11/15/25 | principal | 375,000 | $363K | 0 |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 3/0 | principal | 382,000 | $360K | 0 |
| CRACKER BARREL OLD CTRY STORCRACKER BARREL OLD CTRY STOR cv | principal | 354,000 | $333K | 0 |
| CABLE ONE INCCABLE ONE INC NOTE 3/1 | principal | 353,000 | $328K | 0 |
| BLOCK INCBLOCK INC NOTE 5/0 | principal | 349,000 | $325K | 0 |
| LYFT INCLYFT INC NOTE 1.500% 5/1 | principal | 302,000 | $298K | 0 |
| DEXCOM INCDEXCOM INC NOTE 0.250%11/1 | principal | 300,000 | $289K | 0 |
| CHEGG INCCHEGG INC NOTE 9/0 | principal | 314,000 | $258K | 0 |
| SEA LTDSEA LTD NOTE 0.250% 9/1 | principal | 272,000 | $247K | 0 |
| OKTA INCOKTA INC NOTE 0.375% 6/1 | principal | 242,000 | $225K | 0 |
| NOVOCURE LTDNOVOCURE LTD NOTE 11/0 | principal | 158,000 | $151K | 0 |
| DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV | principal | 105,000 | $93.9K | 0 |
| BANDWIDTH INCBANDWIDTH INC NOTE 0.500% 4/0 | principal | 115,000 | $92.1K | new |
| LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 3.750% 2/1 | principal | 220,000 | $73.4K | 0 |
| CHEGG INCCHEGG INC NOTE 0.125% 3/1 | principal | 65,000 | $63.7K | 0 |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| JBT MAREL CORPORATIONJBT MAREL CORPORATION | 23,311,000 | $21.9M | principal |
| NCL CORP LTDNCL CORP LTD | 8,100,000 | $10M | principal |
| CNX RES CORPCNX RES CORP | 2,500,000 | $6.37M | principal |
| ZILLOW GROUP INCZILLOW GROUP INC | 2,500,000 | $3.75M | principal |
| CHEFS WHSE INCCHEFS WHSE INC | 1,313,000 | $1.37M | principal |
| SMART GLOBAL HLDGS INCSMART GLOBAL HLDGS INC | 1,000,000 | $1.21M | principal |
| AMPXAMPRIUS TECHNOLOGIES INC | 969,931 | $1.08M | shares |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC | 600,000 | $621K | principal |
| NUSCALE PWR CORPNUSCALE PWR CORP | 191,131 | $614K | shares |
| ENVESTNET INCENVESTNET INC | 425,000 | $419K | principal |
| ARKO CORPARKO CORP | 483,780 | $250K | shares |
| BILSPDR SERIES TRUST | 1,535 | $141K | shares |
| SGOVISHARES TR | 1,350 | $136K | shares |
| FORUM ENERGY TECHNOLOGIES INFORUM ENERGY TECHNOLOGIES IN | 57,232 | $56.5K | principal |
| ALGOMA STL GROUP INCALGOMA STL GROUP INC | 10,000 | $17.2K | shares |
| MIRMIRION TECHNOLOGIES INC | 461 | $5.1K | shares |
How Q4 2024 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001420506-25-000348 | base | 2025-02-13 | acceptance time not in the bulk data set |