Fund Holdings

ZAZOVE ASSOCIATES LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
UBER TECHNOLOGIES INC(UBER)000048,331,0845.06%+48,331,084
BANK AMERICA CORP7,81735,665+27,8489,759,17342,504,2994.45%+32,745,126
CHEESECAKE FACTORY INC(CAKE)000021,092,7512.21%+21,092,751
LYFT INC(LYFT)0004,214,54218,723,7301.96%+14,509,188
THE REALREAL INC(REAL)000013,186,2371.38%+13,186,237
SNOWFLAKE INC(SNOW)000011,813,4921.24%+11,813,492
BOFA FIN LLC(BAC)00020,608,98932,316,9293.38%+11,707,940
ITRON INC(ITRI)00034,326,46543,504,7774.56%+9,178,312
JOBY AVIATION INC(JOBY)00008,215,1090.86%+8,215,109
AEROVIRONMENT INC(AVAV)00021,610,05128,113,6162.94%+6,503,565
T1 ENERGY INC(TE)00006,262,3750.66%+6,262,375
IMPINJ INC(PI)00006,054,0270.63%+6,054,027
SPDR SERIES TRUST
ST SHOR CORP ETF
0200,000+200,00006,014,0000.63%+6,014,000
INTEGER HLDGS CORP(ITGR)00017,464,90022,323,1952.34%+4,858,295
BROOKDALE SR LIVING INC(BKD)00019,689,50024,536,0452.57%+4,846,545
FLUOR CORP(FLR)00045,652,32049,331,9505.17%+3,679,630
SUPER MICRO COMPUTER INC(SMCI)00003,439,6610.36%+3,439,661
URBAN ONE INC0508,316+508,31602,826,2370.30%+2,826,237
CLOUDFLARE INC(NET)00002,289,1740.24%+2,289,174
SHIFT4 PMTS INC(FOUR)000579,3062,638,8450.28%+2,059,539
PPL CAP FDG INC(PPL)00030,622,77932,676,6843.42%+2,053,905
AMERICAN WTR CAP CORP(AWK)0008,526,27010,538,9481.10%+2,012,678
EVERGY INC(EVRG)00021,079,93322,985,4762.41%+1,905,543
NORTHERN OIL & GAS INC(NOG)00012,975,69914,800,6901.55%+1,824,991
GUIDEWIRE SOFTWARE INC(GWRE)00027,885,22229,542,6343.09%+1,657,412
NABORS INDS INC(NBR)00001,613,6540.17%+1,613,654
INTEGER HLDGS CORP(ITGR)00001,499,6070.16%+1,499,607
BKV CORP(BKV)050,000+50,00001,426,0000.15%+1,426,000
TRIP COM GROUP LTD(TCOM)00001,400,4330.15%+1,400,433
SOUTHERN CO(SO)00030,533,29731,708,2673.32%+1,174,970
BRC INC539,4542,000,000+1,460,546598,7941,552,4000.16%+953,606
WHIRLPOOL CORP(WHR)022,500+22,5000925,6500.10%+925,650
GRANITE RIDGE RESOURCES INC683,056692,956+9,9003,210,3634,067,6520.43%+857,289
CVR PARTNERS LP/CVR NITROGEN(UAN)39,34538,578-7674,032,8634,886,6750.51%+853,812
B2GOLD CORP(BTG)(Call)0803,600+803,6000832,688+832,688
KAYNE ANDERSON ENERGY INFRST(KYN)414,961414,96105,137,2175,925,6430.62%+788,426
PORCH GROUP INC(PRCH)0105,846+105,8460758,9160.08%+758,916
ALLIANCEBERNSTEIN HLDG L P(AB)018,300+18,3000685,1520.07%+685,152
FLUENCE ENERGY INC(FLNC)0002,422,3073,032,9330.32%+610,626
PURECYCLE TECHNOLOGIES INC(PCT)0655,812+655,8120508,2540.05%+508,254
T1 ENERGY INC(TE)0100,000+100,0000439,0000.05%+439,000
GENESIS ENERGY L P(GEL)(Call)0133,800+133,8000438,195+438,195
PARSONS CORP DEL(PSN)00061,191,95761,629,7046.46%+437,747
MARRIOTT VACATIONS WORLDWIDE(VAC)0000404,3570.04%+404,357
NATIONAL CINEMEDIA INC257,375458,939+201,5641,001,1891,399,7640.15%+398,575
AMPRIUS TECHNOLOGIES INC(AMPX)61,89177,096+15,205160,298529,6500.06%+369,352
B2GOLD CORP(BTG)074,600+74,6000337,9380.04%+337,938
CERENCE INC0000326,7490.03%+326,749
GOLDMAN SACHS GROUP INC(GS)(Call)05,000+5,0000311,375+311,375
RIVIAN AUTOMOTIVE INC(RIVN)0005,049,3595,354,3360.56%+304,977
CVR ENERGY INC(CVI)(Put)0100,000+100,0000262,500+262,500
STRATEGY INC(MSTR)0000259,7110.03%+259,711
URBAN ONE INC043,004+43,0040252,0030.03%+252,003
SILVERCORP METALS INC(SVM)34,50050,000+15,500287,730537,0000.06%+249,270
BENTLEY SYS INC(BSY)0000248,0060.03%+248,006
AFFIRM HLDGS INC(AFRM)0000247,1890.03%+247,189
SIMPLIFY EXCHANGE TRADED FUN
VOLATILITY PREM
010,900+10,9000167,2060.02%+167,206
ALLIANCEBERNSTEIN HLDG L P(AB)(Call)050,000+50,0000150,000+150,000
TETRA TECH INC NEW(TTEK)00061,789,01161,932,0046.49%+142,993
ASA GOLD AND PRECIOUS MTLS L
SHS
31,65532,655+1,0001,888,8542,025,5900.21%+136,736
ON SEMICONDUCTOR CORP(ON)0003,797,7663,931,0340.41%+133,268
LANTHEUS HLDGS INC(LNTH)0002,867,2532,998,2470.31%+130,994
CMS ENERGY CORP(CMS)0002,258,0262,378,4780.25%+120,452
ORMAT TECHNOLOGIES INC(ORA)000098,2560.01%+98,256
BATH & BODY WORKS INC(Call)050,000+50,000090,000+90,000
EPR PPTYS(EPR)2,9835,571+2,58889,997169,4420.02%+79,445
SOFI TECHNOLOGIES INC(SOFI)(Call)050,000+50,000072,000+72,000
PBF ENERGY INC(PBF)(Put)040,000+40,000068,000+68,000
ASCENDIS PHARMA A/S(ASND)0001,489,2691,545,5010.16%+56,232
WHIRLPOOL CORP(WHR)01,000+1,000053,9200.01%+53,920
PG&E CORP(PCG)0006,181,3066,233,5700.65%+52,264
I-80 GOLD CORP(IAUX)038,466+38,466046,1590.00%+46,159
HERTZ GLOBAL HLDGS INC(Call)050,000+50,000036,250+36,250
STATE STR SPDR S&P 500 ETF T(SPY)(Put)06,000+6,000025,290+25,290
BRAEMAR HOTELS & RESORTS INC144,113149,113+5,0002,147,2842,168,1030.23%+20,819
IRONWOOD PHARMACEUTICALS INC000522,043542,4170.06%+20,374
SPDR SERIES TRUST(Put)
PUT
032,000+32,000019,840+19,840
ENERGY TRANSFER L P(ET)5,0005,000082,45096,5000.01%+14,050
GENERAL MILLS INC(GIS)0300+300011,1660.00%+11,166
AMERICAS GOLD AND SILVER COR(USAS)100,000100,0000511,000522,0000.05%+11,000
BANDWIDTH INC(BAND)000554,254563,6250.06%+9,371
ADAM NAT RES FD INC950968+1820,65326,9100.00%+6,257
ENPHASE ENERGY INC(ENPH)000262,513268,5360.03%+6,023
CRACKER BARREL OLD CTRY STOR(CBRL)000389,673395,2110.04%+5,538
REDFIN CORP
NOTE
000397,560401,2770.04%+3,717
OKTA INC(OKTA)000237,133239,9640.03%+2,831
WHIRLPOOL CORP(Call)030,000+30,00002,250+2,250
EL PASO ENERGY CAP TR I(KMI)1,1211,121055,20457,0870.01%+1,883
BLACKSTONE MORTGAGE TRUST IN(BXMT)000382,295384,0590.04%+1,764
BLOCK INC(XYZ)000113,261114,5680.01%+1,307
ZIFF DAVIS INC(ZD)000396,132397,0850.04%+953
SEA LTD(SE)00081,31282,2220.01%+910
SNAP INC(SNAP)000419,516419,9790.04%+463
ROBO.AI INC.64,57164,57103,0191,3920.00%-1,627
SUNPOWER INC25,17111,327-13,8446,5612,6620.00%-3,899
LANVIN GROUP HOLDINGS LIMITE
*W EXP 01/14/202
1,334,8461,334,846021,02415,9510.00%-5,073
AIRJOULE TECHNOLOGIES CORP15,70015,700014,0738,9490.00%-5,124
RLJ LODGING TR(RLJ)9,2669,2660231,418226,1830.02%-5,235
VANGUARD BD INDEX FDS
VANGUARD ULTRA
100,000100,00004,984,0004,978,5000.52%-5,500
NUTANIX INC(NTNX)000144,761135,8660.01%-8,895
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