Zazove Associates’s TH International THCH Stock Holding History

Zazove Associates’s Portfolio THCH Stock Details THCH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$383K	Sell	200,281 -236,595	-54%	-$459K	0.03%	107
2026 Q1	$998K	Buy	436,876 +208,489	+91%	+$433K	0.05%	107
2025 Q4	$569K	Sell	228,387 -9,306	-4%	-$23.3K	0.05%	90
2025 Q3	$616K	Sell	237,693 -16,733	-7%	-$45.3K	0.06%	89
2025 Q2	$754K	Hold	254,426	–	–	0.06%	78
2025 Q1	$745K	Sell	254,426 -11,004	-4%	-$34.4K	0.06%	76
2024 Q4	$942K	Sell	265,430 -9,863	-4%	-$37.4K	0.09%	75
2024 Q3	$1.11M	Hold	275,293	–	–	0.12%	71
2024 Q2	$1.03M	Hold	275,293	–	–	0.12%	80
2024 Q1	$1.58M	Hold	275,293	–	–	0.21%	67
2023 Q4	$2.41M	Buy	275,293 +57,077	+26%	+$501K	0.3%	51
2023 Q3	$1.98M	Buy	218,216 +12,499	+6%	+$151K	0.2%	66
2023 Q2	$2.95M	Buy	205,717 +193,985	+1,653%	+$3.48M	0.27%	62
2023 Q1	$239K	Buy	+11,732	New	+$236K	0.02%	117

Other funds holding THCH

CIEC

Crédit Industriel et Commercial Paris France, France $1.55B AUM 42.08% 1-Year Est. Return

Zazove Associates's THCH Position: Q2 2026 in Review

Zazove Associates reduced its TH International (THCH) stake by 54% in Q2 2026, selling an estimated $459K and leaving 200,281 shares worth $383K. The position accounts for 0.03% of the portfolio, ranked #107.

Zazove Associates first reported a position in THCH in Q1 2023 and has held it in 14 quarters since. The position peaked at $2.95M in Q2 2023. 2 funds tracked by Wall St. Rank hold THCH as of Q2 2026.

Zazove Associates held 200,281 shares of TH International worth $383K as of Q2 2026.
Zazove Associates sold 236,595 TH International shares in Q2 2026, an estimated $459K.
TH International made up 0.03% of Zazove Associates's portfolio in Q2 2026, its #107 holding.
Zazove Associates first reported a position in TH International in Q1 2023 and has held it in 14 quarters since.
Zazove Associates's TH International position peaked at $2.95M in Q2 2023.
2 funds tracked by Wall St. Rank held TH International as of Q2 2026.

Based on Zazove Associates's 13F filing for Q2 2026, filed 16 Jul 2026.