Q2 2026 13F · SEC CIK 1009012
Zazove Associates LLC
Institutional asset managerFiled 2026-07-16 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $91.8M
- Reported positions
- 46
- Top holdings a year, 3 yrs
- -19.9%
- Assets under management
- $2.0B
Zazove Associates LLC is an institutional asset manager that reported 46 positions worth $91.8M in its Q2 2026 13F, filed 2026-07-16. Its largest holdings were Bank of Amer Corp (BAC-PL, 49.2%), Vanguard Bd Index Fds (VUSB, 5.4%), Braemar Hotels & Resorts Inc (BHR, 5.2%). A portfolio copying its top holdings returned -19.9% a year over the last 3 years, against 21.4% for the S&P 500.
Zazove Associates LLC holdings all 46 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| BAC-PLBank of Amer Corp | 49.2% | +359.6% | $45.1M |
| VUSBVanguard Bd Index Fds | 5.4% | +0.0% | $5.0M |
| BHRBraemar Hotels & Resorts Inc | 5.2% | -8.9% | $4.8M |
| WESTWestrock Coffee Co | 4.0% | -24.1% | $3.7M |
| UONEKUrban One Inc | 2.7% | — | $2.5M |
| RUMBWRumble Inc | 2.5% | +8.2% | $2.3M |
| GRNTGranite Ridge Resources Inc | 2.4% | -25.5% | $2.2M |
| REALThe Realreal Inc | 2.4% | +94.7% | $2.2M |
| BKDBrookdale Sr Living Inc | 2.4% | +3.8% | $2.2M |
| BHR-PBBraemar Hotels & Resorts Inc | 2.2% | +2.3% | $2.0M |
| PCTTWPurecycle Technologies Inc | 2.2% | +32.0% | $2.0M |
| MNTNMntn Inc | 2.0% | +58.0% | $1.8M |
| ASAAsa Gold and Precious Mtls Lmt Shs | 1.9% | +3.2% | $1.7M |
| MYTELuxexperience BV | 1.6% | +0.0% | $1.5M |
| BKVBkv Corp | 1.4% | — | $1.3M |
| BRCCBrc Inc | 1.2% | +87.4% | $1.1M |
| 68828E809Osisko Development Corp | 1.2% | +73.1% | $1.1M |
| GLASGlass House Brands Inc | 1.1% | — | $1.0M |
| USASAmericas Gold An | 1.0% | +100.0% | $944K |
| GROYGold Royalty Corp | 0.9% | -10.4% | $828K |
| 963320205Whirlpool Corp | 0.9% | — | $788K |
| ABAlliancebernstein Hldg L P | 0.7% | — | $680K |
| GOOGMAlphabet Inc | 0.7% | — | $631K |
| AMPX-WTAmprius Technologies Inc | 0.6% | +65.0% | $595K |
| 64107A113Net Power Inc | 0.5% | -0.3% | $475K |
| 25461H572Direxion Shares ETF Trust | 0.5% | — | $454K |
| SVMSilvercorp Metals Inc | 0.5% | +19.6% | $417K |
| THCHTh International Limited | 0.4% | -12.3% | $383K |
| BTGB2gold Corp | 0.3% | — | $281K |
| RLJ-PARlj Lodging Tr | 0.3% | +16.7% | $266K |
| AUROWAurora Innovation Inc | 0.2% | +699.8% | $194K |
| SVOLSimplify Exchange Traded Fun | 0.2% | — | $175K |
| EPR-PEEpr Pptys | 0.2% | +71.7% | $164K |
| PCTPurecycle Technologies Inc | 0.2% | -24.4% | $159K |
| OPKOpko Health Inc | 0.2% | -33.3% | $150K |
| ACHR-WTArcher Aviation Inc | 0.1% | +18.9% | $136K |
| GOOGNAlphabet Inc | 0.1% | — | $126K |
| ETPCEnergy Transfer L P | 0.1% | +0.0% | $96K |
| UONEUrban One Inc | 0.1% | — | $83K |
| 68386H111Oppfi Inc | 0.1% | +70.9% | $51K |
| EP-PCEl Paso Energy Cap Tr I | 0.0% | -20.9% | $45K |
| 44955L155I-80 Gold Corp | 0.0% | — | $30K |
| G7606H116Roadzen Inc | 0.0% | +0.0% | $29K |
| PEOAdam Nat Res Fd Inc Com | 0.0% | +3.9% | $24K |
| 20460L112Sunpower Inc | 0.0% | -55.0% | $2K |
| AIIOWRobo.ai Inc. | 0.0% | — | $1K |
What Zazove Associates LLC bought and sold in Q2 2026, against Q1 2026.
New positions
Q1 2026's filing was too long to tell new positions apart.
Added to
- AUROW Aurora Innovation Inc+699.8% shares
- BAC-PL Bank of Amer Corp+359.6% shares
- USAS Americas Gold An+100.0% shares
- REAL The Realreal Inc+94.7% shares
- BRCC Brc Inc+87.4% shares
- Osisko Development Corp+73.1% shares
- EPR-PE Epr Pptys+71.7% shares
- Oppfi Inc+70.9% shares
Reduced
- Sunpower Inc-55.0% shares
- OPK Opko Health Inc-33.3% shares
- GRNT Granite Ridge Resources Inc-25.5% shares
- PCT Purecycle Technologies Inc-24.4% shares
- WEST Westrock Coffee Co-24.1% shares
- EP-PC El Paso Energy Cap Tr I-20.9% shares
- THCH Th International Limited-12.3% shares
- GROY Gold Royalty Corp-10.4% shares
Sold out
- KYN Kayne Anderson Energy Infrstwas 7.1%
- UONEK Urban One Incwas 6.0%
- UAN CVR Partners LP and CVR Nitrogen Financewas 5.6%
- CCO Clear Channel Outdoor Hldgswas 4.2%
- NNAVW Nextnav Incwas 1.7%
- STKL Sunopta Incwas 1.5%
- GDL Gdl Fundwas 1.4%
- NCMI National Cinemedia Incwas 1.4%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -14.0% /yr
- S&P 500 +11.7%
- 3 years
- -19.9% /yr
- S&P 500 +21.4%
- 5 years
- -15.4% /yr
- S&P 500 +9.5%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $91.8M | 46 |
| Q1 2026 | $71.9M | 51 |
| Q4 2025 | $76.6M | 70 |
| Q3 2025 | $64.8M | 56 |
| Q2 2025 | $56.9M | 50 |
| Q1 2025 | $59.9M | 48 |
| Q4 2024 | $68.8M | 45 |
| Q3 2024 | $61.5M | 47 |
| Q2 2024 | $45.0M | 39 |
| Q1 2024 | $64.7M | 38 |
| Q4 2023 | $93.5M | 59 |
| Q3 2023 | $130.8M | 65 |
Questions about Zazove Associates LLC's portfolio
What stocks does Zazove Associates LLC own?
Zazove Associates LLC's latest 13F, for Q2 2026 and filed Jul 16, 2026, lists 46 positions worth $91.8M. The largest are Bank of Amer Corp (BAC-PL) at 49.2%, Vanguard Bd Index Fds (VUSB) at 5.4%, Braemar Hotels & Resorts Inc (BHR) at 5.2%, Westrock Coffee Co (WEST) at 4.0% and Urban One Inc (UONEK) at 2.7%.
What did Zazove Associates LLC buy last quarter?
In Q2 2026, Zazove Associates LLC added Aurora Innovation Inc (AUROW) (+699.8% shares), Bank of Amer Corp (BAC-PL) (+359.6% shares) and Americas Gold An (USAS) (+100.0% shares), compared with its Q1 2026 filing.
What did Zazove Associates LLC sell last quarter?
In Q2 2026, Zazove Associates LLC sold all of Kayne Anderson Energy Infrst (KYN), sold all of Urban One Inc (UONEK), sold all of CVR Partners LP and CVR Nitrogen Finance (UAN), sold all of Clear Channel Outdoor Hldgs (CCO), sold all of Nextnav Inc (NNAVW), Sunpower Inc (-55.0% shares), Opko Health Inc (OPK) (-33.3% shares) and Granite Ridge Resources Inc (GRNT) (-25.5% shares), compared with its Q1 2026 filing.
How has Zazove Associates LLC's portfolio performed?
A portfolio copying Zazove Associates LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned -19.9% a year over the last 3 years, against +21.4% for the S&P 500. Over 1 year: -14.0% against +11.7%. Over 5 years: -15.4% a year against +9.5%.
When is Zazove Associates LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Zazove Associates LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Zazove Associates LLC manage?
Zazove Associates LLC reported $2.0B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $91.8M.