AI Portfolio Summary
In 2025 Q4, Zeno Equity Partners LLP maintained a portfolio of 11 distinct positions. The most significant new addition to the portfolio was VISA CL A ORD, which now represents 5.15% of the total fund value. They heavily accumulated shares in HEICO CL A ORD, increasing their position by 105.2%. The fund also reduced its exposure to AMPHENOL CL A ORD by 69.3%.
Total Positions
11
Quarter
2025 Q4
Top Holding
LIN (23.9%)
Top 10 Concentration
99.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-11 of 11
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
LIN
HEICO CL A ORD
|
Basic Materials | 23.89% | 18.29% |
#1
1
Prev: #2
|
10.0 | 87,124 | 105.2% |
P
S
|
169,961 | $57,617,836 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DHR
DANAHER ORD
|
Healthcare | 21.23% | 24.53% |
#2
1
Prev: #1
|
8.5 | -42,347 | -15.9% |
P
S
|
223,448 | $51,201,769 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SGI
SOMNIGROUP INTE...
|
Consumer Cyclical | 9.91% | 9.13% |
#3
3
Prev: #6
|
6.0 | 34,607 | 14.9% |
P
S
|
267,584 | $23,889,900 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WALD
WALDENCAST CL A...
|
Consumer Defensive | 9.55% | 11.28% |
#4
Prev: #4
|
3.8 | no change | no change |
P
S
|
12,252,580 | $23,034,850 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON COM ORD
|
Consumer Cyclical | 9.16% | 13.16% |
#5
2
Prev: #3
|
3.7 | -33,215 | -25.8% |
P
S
|
95,684 | $22,085,781 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HEI/A
DESCARTES SYSTE...
|
Industrials | 9.02% | 10.38% |
#6
1
Prev: #5
|
5.9 | 160,362 | 182.5% |
P
S
|
248,216 | $21,758,615 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TXN
TEXAS INSTRUMEN...
|
Technology | 6.60% | 8.06% |
#7
Prev: #7
|
2.6 | -2,704 | -2.9% |
P
S
|
91,686 | $15,906,604 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
V
VISA CL A ORD
|
Financial Services | 5.15% | — |
#8
Prev: #—
|
4.1 | 35,441 | no change |
NEW
|
35,441 | $12,429,513 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PAX
PATRIA INVESTME...
|
Financial Services | 3.89% | — |
#9
Prev: #—
|
3.6 | 590,698 | no change |
NEW
|
590,698 | $9,386,191 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APH
AMPHENOL CL A O...
|
Technology | 1.52% | 5.08% |
#10
2
Prev: #8
|
0.8 | -61,076 | -69.3% |
P
S
|
27,087 | $3,665,277 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WALDW
WALDENCAST EQY ...
|
Bond/Debt | 0.07% | 0.09% |
#11
2
Prev: #9
|
0.0 | no change | no change |
P
S
|
4,892,767 | $177,852 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-11 of 11 holdings