Zazove Associates Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FLG.PRU
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
|
+$41M |
| 2 |
Johnson & Johnson
JNJ
|
+$14.4M |
| 3 |
WELL.PRI
Welltower Inc.
WELL.PRI
|
+$3.94M |
| 4 |
GM.WS.B
General Motors Company
GM.WS.B
|
+$2.97M |
| 5 |
FCH.PRA
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
|
+$943K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kodak
KODK
|
+$1.81M |
| 2 |
KEY.PRG
KeyCorp Pfd
KEY.PRG
|
+$1.72M |
| 3 |
ProShares Ultra VIX Short-Term Futures ETF
UVXY
|
+$1.55M |
| 4 |
El Paso Energy Capital Trust I
EP.PRC
|
+$952K |
| 5 |
EMMSP
EMMIS COMMUNICATIONS CRP CV PF
EMMSP
|
+$522K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 0.72% |
| 2 | Communication Services | 0.29% |
| 3 | Real Estate | 0.08% |
| 4 | Consumer Discretionary | 0.04% |
| 5 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
El Paso Energy Capital Trust I
EP.PRC
$222M
| – | – |
-22,000
| Closed | -$952K |
|
27
JPMorgan Chase
JPM
$937B
| – | – |
-5,000
| Closed | -$296K |
|
|
28
Kodak
KODK
$828M
| – | – |
-167,023
| Closed | -$1.81M |
|
29
Star Bulk Carriers
SBLK
$3.2B
| – | – |
-81,031
| Closed | -$304K |
|
|
30
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$242M
| – | – |
0
| – | -$1.55M |
|
|
AIG.WS
31
DELISTED
American International Group, Inc.
AIG.WS
| – | – |
-12,220
| Closed | -$229K |
|
|
TC
32
DELISTED
Thompson Creek Metals Company Inc. Ordinary Shares (Canada)
TC
| – | – |
-1,456,132
| Closed | -$340K |
|
|
EMMSP
33
DELISTED
EMMIS COMMUNICATIONS CRP CV PF
EMMSP
| – | – |
-320,592
| Closed | -$522K |
|
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Zazove Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Zazove Associates held 120 positions worth $2.15B, up 1.5% from $2.12B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Zazove Associates withdrew a net $1.85B in Q2 2016, closing 8 positions and reducing 11 holdings. Its most notable exit was Kodak, an estimated $1.81M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 0.72% of assets, up from 0.02% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Zazove Associates opened a new position in Flagstar Bank National Association Bifurcated Option Note Unit Securities worth $41M.
- Zazove Associates's largest Q2 2016 buy was Flagstar Bank National Association Bifurcated Option Note Unit Securities: 818,636 shares worth $41M.
- Zazove Associates added most to Welltower Inc. in Q2 2016, an estimated $3.94M increase.
- Zazove Associates's biggest Q2 2016 reduction was KeyCorp Pfd, cutting an estimated $1.72M.
- Zazove Associates fully exited Kodak in Q2 2016, selling an estimated $1.81M.
- Zazove Associates's ten largest holdings make up 44% of its $2.15B portfolio in Q2 2016.
- Zazove Associates opened 5 new positions and closed 8 in Q2 2016.
- Zazove Associates's portfolio value rose 1.5% quarter-over-quarter to $2.15B.
Based on Zazove Associates's 13F filing for Q2 2016, filed 12 Aug 2016.