Zazove Associates’s USA Rare Earth Inc Warrant USARW Stock Holding History

Zazove Associates’s Portfolio USARW Stock Details USARW Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-223,418	Closed	-$1.6M	–	185
2025 Q3	$1.6M	Hold	223,418	–	–	0.14%	66
2025 Q2	$528K	Buy	+223,418	New	+$458K	0.04%	82

Zazove Associates's USARW Position: Q4 2025 in Review

Zazove Associates sold out of USA Rare Earth Inc Warrant (USARW) in Q4 2025, closing a stake of 223,418 shares — an estimated $1.6M sold.

Zazove Associates first reported a position in USARW in Q2 2025 and held it in 2 quarters. The position peaked at $1.6M in Q3 2025. 0 funds tracked by Wall St. Rank hold USARW as of Q4 2025.

Zazove Associates reported no remaining USA Rare Earth Inc Warrant position as of Q4 2025 after selling out during the quarter.
Zazove Associates sold 223,418 USA Rare Earth Inc Warrant shares in Q4 2025, an estimated $1.6M.
Zazove Associates first reported a position in USA Rare Earth Inc Warrant in Q2 2025 and held it in 2 quarters.
Zazove Associates's USA Rare Earth Inc Warrant position peaked at $1.6M in Q3 2025.
0 funds tracked by Wall St. Rank held USA Rare Earth Inc Warrant as of Q4 2025.

Based on Zazove Associates's 13F filing for Q4 2025, filed 18 Feb 2026.