ZAZOVE ASSOCIATES LLC GROY — GOLD ROYALTY CORP

Ownership history in ZAZOVE ASSOCIATES LLC  ·  6 quarters on record

AI Ownership Summary

ZAZOVE ASSOCIATES LLC reported GOLD ROYALTY CORP (GROY) in 6 quarterly 13F filings from 2024 Q3 through 2025 Q4. Peak portfolio weight reached 0.12% in 2025 Q4. The latest visible filing shows GROY at 0.12% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this GROY ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was ZAZOVE ASSOCIATES LLC's position in GOLD ROYALTY CORP, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

GROY was reported at 0.12% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.12% in 2025 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q3 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

GROY stock page ZAZOVE ASSOCIATES LLC fund profile ZAZOVE ASSOCIATES LLC full holdings
How ZAZOVE ASSOCIATES LLC held GROY — position size vs. price
% of Fund (quarterly)    GROY price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 6 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 ADDED — — — 335,000 +10,000 +3.1% 0.12% $1.4M 2026-02-14 (Est.) $4.29
2025 Q3 REDUCED 48.4% +4.9% ❌ 325,000 -304,758 -48.4% 0.11% $1.25B 2025-10-17 $3.49
2025 Q2 UNCHANGED — — — 629,758 — 0% 0.08% $906.9M 2025-08-12 $3.00
2025 Q1 ADDED — — — 629,758 +188,758 +42.8% 0.08% $906.9M 2025-05-13 $1.54
2024 Q4 ADDED — — — 441,000 +200,000 +83.0% 0.05% $533.6M 2025-02-13 $1.47
2024 Q3 INITIATED — — — 241,000 — — 0.04% $327.8M 2024-11-13 $1.31

🏢 Other funds also holding GROY

As of 2026 Q1 — sorted by position size

CWA Asset Management Group, LLC 3Y 7Y 0.35% Leonard Rickey Investment Advisors P.L.L.C. 3Y 7Y 0.01% SevenBridge Financial Group, LLC 3Y 7Y 0.01% Banque Cantonale Vaudoise 3Y 0.0% Stone House Investment Management, LLC 3Y 7Y 0.0% ST GERMAIN D J CO INC 3Y 7Y 0.0% Blue Trust, Inc. 3Y 0.0% SG Americas Securities, LLC 3Y 7Y 0.0% AdvisorNet Financial, Inc 3Y 7Y 0.0% Farther Finance Advisors, LLC 0.0%

FAQ About ZAZOVE ASSOCIATES LLC and GROY

These are the practical questions this page is built to answer before you even open the full history table.

How long has ZAZOVE ASSOCIATES LLC reported owning GROY?

ZAZOVE ASSOCIATES LLC reported GROY across 6 quarterly 13F filings, from 2024 Q3 through 2025 Q4.

What was the largest reported GROY position in ZAZOVE ASSOCIATES LLC's portfolio?

The largest reported portfolio weight for GROY was 0.12% in 2025 Q4.

What is the latest reported GROY position on this page?

The most recent filing on this page is 2025 Q4, when ZAZOVE ASSOCIATES LLC reported 335,000 shares, equal to 0.12% of portfolio, with an estimated market value of $1.4M.

What does the chart on this GROY ownership page compare?

The chart compares ZAZOVE ASSOCIATES LLC's quarterly GROY portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did ZAZOVE ASSOCIATES LLC time their GROY position?

Based on 13F filing dates vs. subsequent GROY price moves, ZAZOVE ASSOCIATES LLC correctly timed 3 out of 4 reported position changes (75%). The annualised alpha on GROY relative to SPY over the holding period was +108.5%.

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