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ZA
Zazove Associates Portfolio holdings
AUM
$1.22B
1-Year Est. Return
1.91%
This Fund
S&P 500
This Quarter
Est. Return
-0.13%
1 Year Est. Return
+1.91%
3 Year Est. Return
+11.01%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.1B
AUM Growth
-$68.2M
(-3.2%)
Cap. Flow
-$1.83B
Cap. Flow
% of AUM
-87.1%
Top 10 Holdings %
Top 10 Hldgs %
38.88%
Holding
117
New
9
Increased
5
Reduced
1
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WELL.PRI
Welltower Inc.
WELL.PRI
|
+$70.9M |
| 2 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$8.76M |
| 3 |
Nuveen Credit Strategies Income Fund
JQC
|
+$2.59M |
| 4 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$1.38M |
| 5 |
GDL
GDL Fund
GDL
|
+$857K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GM.WS.B
General Motors Company
GM.WS.B
|
+$17.7M |
| 2 |
BAC.WS.A
Bank Of America Corporation Ws A
BAC.WS.A
|
+$2.53M |
| 3 |
HTR
Brookfield Total Return Fund Inc
HTR
|
+$850K |
| 4 |
COF.WS
Capital One Financial Corp
COF.WS
|
+$576K |
| 5 |
BSL
Blackstone Senior Floating Rate 2027 Term Fund
BSL
|
+$562K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 0.28% |
| 2 | Real Estate | 0.2% |
| 3 | Healthcare | 0.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EVG
26
Eaton Vance Short Duration Diversified Income Fund
EVG
$142M
| $258K | 0.01% |
18,602
| – | – |
|
|
AFT
27
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
| $252K | 0.01% |
14,507
| – | – |
|
|
AIG.WS
28
DELISTED
American International Group, Inc.
AIG.WS
| – | – |
-12,220
| Closed | -$267K |
|
|
NSL
29
DELISTED
NUVEEN SENIOR INCM FD
NSL
| $230K | 0.01% |
+33,844
| New | +$221K |
|
30
Clear Channel Outdoor Holdings
CCO
$1.23B
| $218K | 0.01% |
+43,198
| New | +$241K |
|
|
KMI.WS
31
DELISTED
Kinder Morgan Inc
KMI.WS
| – | – |
-12,576,332
| Closed | -$96.8K |
|
|
KODK.WS
32
DELISTED
Eastman Kodak Company
KODK.WS
| – | – |
-11,700
| Closed | -$43.1K |
|
|
KODK.WS.A
33
DELISTED
Eastman Kodak Company
KODK.WS.A
| – | – |
-11,700
| Closed | -$33K |
|
|
BSL
34
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$170M
| – | – |
-33,375
| Closed | -$562K |
|
|
COF.WS
35
DELISTED
Capital One Financial Corp
COF.WS
| – | – |
-18,940
| Closed | -$576K |
|
|
HTR
36
DELISTED
Brookfield Total Return Fund Inc
HTR
| – | – |
-37,929
| Closed | -$850K |
|
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Zazove Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Zazove Associates held 117 positions worth $2.1B, down 3.2% from $2.17B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Zazove Associates withdrew a net $1.83B in Q4 2016, closing 9 positions and reducing 1 holding. Its most notable exit was General Motors Company, an estimated $17.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 0.28% of assets, up from 0.24% a quarter earlier, followed by Real Estate and Healthcare.
Against the trend, Zazove Associates opened a new position in Welltower Inc. worth $70.2M.
- Zazove Associates's largest Q4 2016 buy was Welltower Inc.: 1,170,898 shares worth $70.2M.
- Zazove Associates added most to GDL Fund in Q4 2016, an estimated $857K increase.
- Zazove Associates's biggest Q4 2016 reduction was BlackRock Debt Strategies Fund, cutting an estimated $11.
- Zazove Associates fully exited General Motors Company in Q4 2016, selling an estimated $17.7M.
- Zazove Associates's ten largest holdings make up 39% of its $2.1B portfolio in Q4 2016.
- Zazove Associates opened 9 new positions and closed 9 in Q4 2016.
- Zazove Associates's portfolio value fell 3.2% quarter-over-quarter to $2.1B.
Based on Zazove Associates's 13F filing for Q4 2016, filed 30 Jan 2017.