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Zeno Research, LLC

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13F filer, CIK 1792460, NEW YORK, NY

Zeno Research, LLC reported $222,531,511 across 26 holdings for the quarter ended 2023-09-30, in a 13F-HR filed 2023-11-14. Its ten largest share positions make up 73.6% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-23-002072

Period
2023-09-30
Reported value
$223M
Holdings
26
Top 10 weight
73.6%
New
13
Sold out
13

Largest buys vs the previous quarter

SecurityShares changeApprox. value
Tnew+1,577,907$23.7M
DLRnew+177,258$21.5M
CHTRnew+35,785$15.7M
CCInew+133,821$12.3M
OMCadded+112,840$8.4M

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

SecurityShares changeApprox. value
TMUSexited-151,191-$21M
LIBERTY MEDIA CORP DELexited-571,375-$18.7M
AMTexited-40,372-$7.83M
WORLD WRESTLING ENTMT INCexited-60,836-$6.6M
VZexited-158,129-$5.88M

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, Q3 2023

Share positions as resolved from 13F-HR 0001420506-23-002072, largest first. % of portfolio is the value over $215,756,811, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
WMGWARNER MUSIC GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: 110,909 shares; 2022Q2: not reported; 2022Q3: 134,628 shares; 2022Q4: 459,378 shares; 2023Q1: 418,969 shares; 2023Q2: 743,907 shares; 2023Q3: 860,940 shares 860,940$27M12.53%+117,033Timeline
TAT&T INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: 227,119 shares; 2022Q3: not reported; 2022Q4: 517,850 shares; 2023Q1: 423,243 shares; 2023Q2: not reported; 2023Q3: 1,577,907 shares 1,577,907$23.7M10.98%newTimeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: 71,074 shares; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: 65,724 shares; 2023Q2: not reported; 2023Q3: 177,258 shares 177,258$21.5M9.94%newTimeline
RCIROGERS COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: 282,519 shares; 2022Q2: 200,863 shares; 2022Q3: 313,893 shares; 2022Q4: 225,482 shares; 2023Q1: 148,200 shares; 2023Q2: 327,690 shares; 2023Q3: 535,729 shares 535,729$20.6M9.55%+208,039Timeline
CHTRCHARTER COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: 15,777 shares; 2022Q3: 11,765 shares; 2022Q4: 23,564 shares; 2023Q1: 23,744 shares; 2023Q2: not reported; 2023Q3: 35,785 shares 35,785$15.7M7.29%newTimeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 34,098 shares; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: 133,821 shares 133,821$12.3M5.71%newTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: 12,058 shares; 2022Q3: 38,141 shares; 2022Q4: 33,955 shares; 2023Q1: 68,346 shares; 2023Q2: 26,980 shares; 2023Q3: 39,419 shares 39,419$11.8M5.48%+12,439Timeline
OMCOMNICOM GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: 55,980 shares; 2022Q3: 82,064 shares; 2022Q4: 22,230 shares; 2023Q1: 60,510 shares; 2023Q2: 35,603 shares; 2023Q3: 148,443 shares 148,443$11.1M5.12%+112,840Timeline
FOXAFOX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: 99,455 shares; 2022Q2: 62,247 shares; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 112,992 shares; 2023Q3: 256,602 shares 256,602$8.01M3.71%+143,610Timeline
TTDTHE TRADE DESK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: 66,928 shares; 2023Q2: 87,657 shares; 2023Q3: 90,092 shares 90,092$7.04M3.26%+2,435Timeline
FYBRFRONTIER COMMUNICATIONS PAREQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 115,499 shares; 2022Q4: not reported; 2023Q1: 181,885 shares; 2023Q2: 319,035 shares; 2023Q3: 399,761 shares 399,761$6.26M2.9%+80,726Timeline
LYVLIVE NATION ENTERTAINMENT INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: 16,605 shares; 2022Q3: 51,389 shares; 2022Q4: 64,469 shares; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: 75,115 shares 75,115$6.24M2.89%newTimeline
SPOTSPOTIFY TECHNOLOGY S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: 10,085 shares; 2022Q2: 10,067 shares; 2022Q3: not reported; 2022Q4: 65,975 shares; 2023Q1: 19,472 shares; 2023Q2: 35,776 shares; 2023Q3: 38,664 shares 38,664$5.98M2.77%+2,888Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 11,534 shares; 2022Q4: 16,752 shares; 2023Q1: 17,932 shares; 2023Q2: not reported; 2023Q3: 15,705 shares 15,705$5.93M2.75%newTimeline
EDRENDEAVOR GROUP HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: 280,496 shares 280,496$5.58M2.59%newTimeline
CNKCINEMARK HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: 57,487 shares; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: 314,362 shares; 2023Q2: 289,281 shares; 2023Q3: 221,251 shares 221,251$4.06M1.88%-68,030Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: 4,579 shares; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: 30,454 shares 30,454$3.99M1.85%newTimeline
TGNATEGNA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: 62,327 shares; 2023Q2: 474,908 shares; 2023Q3: 249,230 shares 249,230$3.63M1.68%-225,678Timeline
FWONKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: 49,101 shares 49,101$3.06M1.42%newTimeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 491,083 shares; 2022Q4: 210,521 shares; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: 277,735 shares 277,735$3.02M1.4%newTimeline
SIX FLAGS ENTERTAINMENT CORPSIX FLAGS ENTERTAINMENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 102,069 shares; 2023Q3: 126,266 shares 126,266$2.97M1.38%+24,197
LIBERTY MEDIA CORP DEL COM …LIBERTY MEDIA CORP DEL COM LBTY S…Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: 92,243 shares 92,243$2.35M1.09%new
LAMRLAMAR ADVERTISING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 12,576 shares; 2022Q4: 58,027 shares; 2023Q1: 24,735 shares; 2023Q2: 31,066 shares; 2023Q3: 23,369 shares 23,369$1.95M0.9%-7,697Timeline
ROKUROKU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 22,859 shares; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 63,468 shares; 2023Q3: 20,926 shares 20,926$1.48M0.68%-42,542Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWARQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: 2,149 shares; 2023Q2: not reported; 2023Q3: 3,465 shares 3,465$486K0.23%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
TDSTELEPHONE & DATA SYS INC COM NEWcall370,000$6.77Mnew

Sold out in Q3 2023

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
TMUST-MOBILE US INC151,191$21Mshares
LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL571,375$18.7Mshares
AMTAMERICAN TOWER CORP40,372$7.83Mshares
WORLD WRESTLING ENTMT INCWORLD WRESTLING ENTMT INC60,836$6.6Mshares
VZVERIZON COMMUNICATIONS INC158,129$5.88Mshares
CABOCABLE ONE INC8,173$5.37Mshares
CHINDATA GROUP HLDGS LTDCHINDATA GROUP HLDGS LTD740,704$5.3Mshares
EQIXEQUINIX INC6,557$5.14Mshares
CMCSACOMCAST CORP NEW119,627$4.97Mshares
PARAMOUNT GLOBALPARAMOUNT GLOBAL255,410$4.06Mshares
GTNGRAY MEDIA INC309,219$2.44Mshares
LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL31,737$2.39Mshares
ACTVISION BLIZZARD INCACTVISION BLIZZARD INC4,287$361Kshares

How Q3 2023 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-23-002072 base2023-11-14acceptance time not in the bulk data set