AI Portfolio Summary
In 2025 Q4, ZAZOVE ASSOCIATES LLC maintained a portfolio of 209 distinct positions. The most significant new addition to the portfolio was GUIDEWIRE SOFTWARE I, which now represents 2.40% of the total fund value. Conversely, ZAZOVE ASSOCIATES LLC completely exited their position in SHOPIFY INC.
Total Positions
209
Quarter
2025 Q4
Top Holding
N/A (5.4%)
Top 10 Concentration
45.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 209
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
N/A
DUKE ENERGY COR...
|
—
|
Bond/Debt | 5.43% | 4.05% |
#1
5
Prev: #6
|
6.7 | 19,425,000 | 46.6% |
P
S
|
61,110,000 | $63,028,328 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
TETRA TECH INC ...
|
—
|
Unknown | 5.32% | 5.50% |
#2
1
Prev: #3
|
4.1 | 465,000 | 0.8% |
P
S
|
56,880,000 | $61,789,011 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
TYLER TEX INDPT...
|
—
|
Bond/Debt | 5.32% | 4.65% |
#3
1
Prev: #4
|
5.6 | 14,290,000 | 30.6% |
P
S
|
60,945,000 | $61,769,720 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PARSONS CORP DE...
|
—
|
Bond/Debt | 5.27% | 5.88% |
#4
3
Prev: #1
|
3.1 | 2,350,000 | 4.1% |
P
S
|
59,237,000 | $61,191,957 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
VENTAS RLTY LTD...
|
—
|
Bond/Debt | 5.15% | 5.56% |
#5
3
Prev: #2
|
3.1 | -5,520,000 | -11.6% |
P
S
|
42,175,000 | $59,845,996 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
SPOTIFY USA INC
|
—
|
Bond/Debt | 4.83% | 1.21% |
#6
21
Prev: #27
|
4.9 | 39,481,000 | 403.1% |
P
S
|
49,276,000 | $56,103,308 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
MKS INC.
|
—
|
Bond/Debt | 4.54% | 4.09% |
#7
2
Prev: #5
|
2.3 | 10,000 | 0.0% |
P
S
|
41,180,000 | $52,715,650 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
FLUOR CORP
|
—
|
Bond/Debt | 3.93% | 3.83% |
#8
1
Prev: #7
|
3.6 | 4,310,000 | 12.1% |
P
S
|
39,930,000 | $45,652,320 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
NUTANIX INC
|
—
|
Bond/Debt | 3.00% | 0.14% |
#9
59
Prev: #68
|
4.2 | 29,850,000 | 2653.3% |
P
S
|
30,975,000 | $34,874,858 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
ITRON INC
|
—
|
Bond/Debt | 2.96% | 3.38% |
#10
2
Prev: #8
|
1.7 | 1,385,000 | 4.3% |
P
S
|
33,865,000 | $34,326,465 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
JAZZ INVESTMENT...
|
—
|
Bond/Debt | 2.66% | 2.55% |
#11
4
Prev: #15
|
1.6 | -540,000 | -2.3% |
P
S
|
23,135,000 | $30,905,653 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PPL CAP FDG INC
|
—
|
Bond/Debt | 2.64% | 2.91% |
#12
1
Prev: #11
|
1.6 | -200,000 | -0.7% |
P
S
|
27,880,000 | $30,622,779 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
SOUTHERN CO
|
—
|
Bond/Debt | 2.63% | 2.72% |
#13
1
Prev: #12
|
3.1 | 1,585,000 | 5.9% |
P
S
|
28,550,000 | $30,533,297 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
REPLIGEN CORP
|
—
|
Bond/Debt | 2.49% | 2.39% |
#14
2
Prev: #16
|
1.5 | 50,000 | 0.2% |
P
S
|
26,300,000 | $28,919,335 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
SSR MINING IN
|
—
|
Bond/Debt | 2.46% | 1.31% |
#15
10
Prev: #25
|
4.0 | 11,500,000 | 112.1% |
P
S
|
21,755,000 | $28,552,941 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
GUIDEWIRE SOFTW...
|
—
|
Bond/Debt | 2.40% | — |
#16
Prev: #—
|
4.5 | 25,305,000 | no change |
NEW
|
25,305,000 | $27,885,222 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
VARONIS SYS INC
|
—
|
Bond/Debt | 1.92% | 3.20% |
#17
8
Prev: #9
|
0.8 | -8,650,000 | -26.5% |
P
S
|
23,985,000 | $22,328,366 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
HAEMONETICS COR...
|
—
|
Bond/Debt | 1.91% | 2.67% |
#18
4
Prev: #14
|
0.8 | -10,675,000 | -33.4% |
P
S
|
21,275,000 | $22,141,820 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
AEROVIRONMENT I...
|
—
|
Bond/Debt | 1.86% | 1.86% |
#19
Prev: #19
|
2.7 | 3,300,000 | 20.0% |
P
S
|
19,815,000 | $21,610,051 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
EVERGY INC
|
—
|
Bond/Debt | 1.82% | 2.19% |
#20
2
Prev: #18
|
1.2 | -2,000,000 | -10.4% |
P
S
|
17,265,000 | $21,079,933 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
BOFA FIN LLC
|
—
|
Unknown | 1.77% | 2.97% |
#21
11
Prev: #10
|
0.7 | -14,185,000 | -42.8% |
P
S
|
18,942,000 | $20,608,989 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
BROOKDALE SR LI...
|
—
|
Bond/Debt | 1.70% | 1.52% |
#22
Prev: #22
|
1.7 | no change | no change |
P
S
|
14,350,000 | $19,689,500 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
INTEGER HLDGS C...
|
—
|
Bond/Debt | 1.50% | — |
#23
Prev: #—
|
4.1 | 15,445,000 | no change |
NEW
|
15,445,000 | $17,464,900 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
BRAEMAR HOTELS ...
|
—
|
Bond/Debt | 1.48% | 1.57% |
#24
3
Prev: #21
|
1.1 | -200,000 | -1.1% |
P
S
|
17,450,000 | $17,227,595 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
GLOBAL PMTS INC
|
—
|
Bond/Debt | 1.31% | 2.70% |
#25
12
Prev: #13
|
0.5 | -15,700,000 | -48.1% |
P
S
|
16,960,000 | $15,251,009 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
SHOPIFY INC
|
—
|
Bond/Debt | 0.00% | 2.22% |
Sold All 😨
(Was: #17) |
0.0 | -23,255,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
EQUINOX GOLD CO...
|
—
|
Bond/Debt | 0.00% | 0.50% |
Sold All 😨
(Was: #42) |
0.0 | -2,871,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
MGP INGREDIENTS...
|
—
|
Bond/Debt | 0.00% | 0.35% |
Sold All 😨
(Was: #50) |
0.0 | -4,000,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
POST HLDGS INC
|
—
|
Bond/Debt | 0.00% | 0.20% |
Sold All 😨
(Was: #62) |
0.0 | -2,000,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
FIVE9 INC
|
—
|
Bond/Debt | 0.00% | 0.17% |
Sold All 😨
(Was: #65) |
0.0 | -2,090,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
USARW
USA RARE EARTH ...
|
Basic Materials | 0.00% | 0.14% |
Sold All 😨
(Was: #66) |
0.0 | -223,418 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
ITRON INC
|
—
|
Bond/Debt | 0.00% | 0.12% |
Sold All 😨
(Was: #74) |
0.0 | -1,285,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
EQX
EQUINOX GOLD CO...
|
Basic Materials | 0.00% | 0.10% |
Sold All 😨
(Was: #77) |
0.0 | -100,000 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BULLW
WEBULL CORP
|
Unknown | 0.00% | 0.08% |
Sold All 😨
(Was: #81) |
0.0 | -145,605 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JOBY/WS
JOBY AVIATION I...
|
Unknown | 0.00% | 0.08% |
Sold All 😨
(Was: #82) |
0.0 | -145,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SAND
SANDSTORM GOLD ...
|
Unknown | 0.00% | 0.06% |
Sold All 😨
(Was: #88) |
0.0 | -50,000 | -100.0% |
CLOSED
|
— | $— | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
AKAMAI TECHNOLO...
|
—
|
Bond/Debt | 0.00% | 0.05% |
Sold All 😨
(Was: #90) |
0.0 | -620,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
ENVX
ENOVIX CORPORAT...
|
Industrials | 0.00% | 0.05% |
Sold All 😨
(Was: #91) |
0.0 | -50,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CPRI
CAPRI HOLDINGS ...
|
Consumer Cyclical | 0.00% | 0.05% |
Sold All 😨
(Was: #92) |
0.0 | -25,000 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
PUT
PBF ENERGY INC
|
—
|
PUT Option | 0.00% | 0.04% |
Sold All 😨
(Was: #94) |
0.0 | -100,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
B2GOLD CORP
|
—
|
CALL Option | 0.00% | 0.04% |
Sold All 😨
(Was: #99) |
0.0 | -351,500 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
EVENTBRITE INC
|
—
|
Bond/Debt | 0.00% | 0.04% |
Sold All 😨
(Was: #100) |
0.0 | -410,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
ESPERION THERAP...
|
—
|
Bond/Debt | 0.00% | 0.03% |
Sold All 😨
(Was: #111) |
0.0 | -375,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
BRUKER CORP
|
—
|
Preferred | 0.00% | 0.03% |
Sold All 😨
(Was: #112) |
0.0 | -1,300 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
FLUTTER ENTMT P...
|
—
|
CALL Option | 0.00% | 0.03% |
Sold All 😨
(Was: #116) |
0.0 | -20,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
XRT
PUT
SPDR SERIES TRU...
|
PUT Option | 0.00% | 0.03% |
Sold All 😨
(Was: #117) |
0.0 | -70,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
THE REALREAL IN...
|
—
|
Bond/Debt | 0.00% | 0.03% |
Sold All 😨
(Was: #118) |
0.0 | -315,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
CVR ENERGY INC
|
—
|
CALL Option | 0.00% | 0.02% |
Sold All 😨
(Was: #126) |
0.0 | -35,300 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PUT
DIAGEO PLC
|
—
|
PUT Option | 0.00% | 0.02% |
Sold All 😨
(Was: #127) |
0.0 | -28,800 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PUT
BLOOM ENERGY CO...
|
—
|
PUT Option | 0.00% | 0.02% |
Sold All 😨
(Was: #128) |
0.0 | -10,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
HLX
HELIX ENERGY SO...
|
Energy | 0.00% | 0.02% |
Sold All 😨
(Was: #129) |
0.0 | -30,400 | -100.0% |
CLOSED
|
— | $— | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
URA
CALL
GLOBAL X FDS
|
CALL Option | 0.00% | 0.02% |
Sold All 😨
(Was: #130) |
0.0 | -60,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
CALL
BRUKER CORP
|
—
|
CALL Option | 0.00% | 0.02% |
Sold All 😨
(Was: #131) |
0.0 | -51,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
SILVERCORP META...
|
—
|
CALL Option | 0.00% | 0.01% |
Sold All 😨
(Was: #132) |
0.0 | -103,200 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
NOVOCURE LTD
|
—
|
Bond/Debt | 0.00% | 0.01% |
Sold All 😨
(Was: #133) |
0.0 | -158,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
ALLIANCEBERNSTE...
|
—
|
CALL Option | 0.00% | 0.01% |
Sold All 😨
(Was: #134) |
0.0 | -184,400 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
ISHARES SILVER ...
|
—
|
CALL Option | 0.00% | 0.01% |
Sold All 😨
(Was: #136) |
0.0 | -50,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PUT
PLUG POWER INC
|
—
|
PUT Option | 0.00% | 0.01% |
Sold All 😨
(Was: #138) |
0.0 | -300,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
DELEK US HLDGS ...
|
—
|
CALL Option | 0.00% | 0.01% |
Sold All 😨
(Was: #140) |
0.0 | -30,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
GENESIS ENERGY ...
|
—
|
CALL Option | 0.00% | 0.01% |
Sold All 😨
(Was: #141) |
0.0 | -25,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
EQUINOX GOLD CO...
|
—
|
CALL Option | 0.00% | 0.01% |
Sold All 😨
(Was: #146) |
0.0 | -25,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PUT
KOHLS CORP
|
—
|
PUT Option | 0.00% | 0.01% |
Sold All 😨
(Was: #149) |
0.0 | -60,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PUT
MEDICAL PPTYS T...
|
—
|
PUT Option | 0.00% | 0.01% |
Sold All 😨
(Was: #150) |
0.0 | -150,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
EWG
PUT
ISHARES INC
|
PUT Option | 0.00% | 0.01% |
Sold All 😨
(Was: #152) |
0.0 | -100,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
CALL
UL SOLUTIONS IN...
|
—
|
CALL Option | 0.00% | 0.01% |
Sold All 😨
(Was: #153) |
0.0 | -10,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PUT
RYDER SYS INC
|
—
|
PUT Option | 0.00% | 0.00% |
Sold All 😨
(Was: #154) |
0.0 | -10,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
10X GENOMICS IN...
|
—
|
CALL Option | 0.00% | 0.00% |
Sold All 😨
(Was: #155) |
0.0 | -20,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PUT
SPDR S&P 500 ET...
|
—
|
PUT Option | 0.00% | 0.00% |
Sold All 😨
(Was: #157) |
0.0 | -38,500 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CALL
DRAFTKINGS INC ...
|
—
|
CALL Option | 0.00% | 0.00% |
Sold All 😨
(Was: #158) |
0.0 | -50,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
EOSEW
EOS ENERGY ENTE...
|
Industrials | 0.00% | 0.00% |
Sold All 😨
(Was: #159) |
0.0 | -17,300 | -100.0% |
CLOSED
|
— | $— | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MIR
MIRION TECHNOLO...
|
Industrials | 0.00% | 0.00% |
Sold All 😨
(Was: #161) |
0.0 | -1,000 | -100.0% |
CLOSED
|
— | $— | 2006 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
PUT
USA RARE EARTH ...
|
—
|
PUT Option | 0.00% | 0.00% |
Sold All 😨
(Was: #168) |
0.0 | -10,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
ASTLW
ALGOMA STL GROU...
|
Unknown | 0.00% | 0.00% |
Sold All 😨
(Was: #169) |
0.0 | -4,540 | -100.0% |
CLOSED
|
— | $— | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
CALL
CVR PARTNERS LP
|
—
|
CALL Option | 0.00% | 0.00% |
Sold All 😨
(Was: #170) |
0.0 | -100 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 209 holdings