ZA

Zazove Associates Portfolio holdings

AUM $1.23B
This Quarter Return
-1.35%
1 Year Return
+3.71%
3 Year Return
+11.52%
5 Year Return
–
10 Year Return
–
AUM
$2.16B
AUM Growth
+$2.16B
Cap. Flow
-$14.7M
Cap. Flow %
-0.68%
Top 10 Hldgs %
46.02%
Holding
141
New
7
Increased
7
Reduced
8
Closed
5

Top Buys

1
CIEN icon
Ciena
CIEN
$28.2M
2
WFC.PRL icon
WELLS FARGO 7.5% NON CUMV PERP CONV
WFC.PRL
$13.6M
3
NRF
NorthStar Realty Finance Corp.
NRF
$3.58M
4
RYN icon
Rayonier
RYN
$2.84M
5
WPXP
WPX Energy, Inc.
WPXP
$1.79M

Top Sells

1
FLG.PRU
Flagstar Financial, Inc. Bifurcated Option Note Unit SecuritiES
FLG.PRU
$34.9M
2
SWU
STANLEY BLACK & DECKER INC CORP UNIT
SWU
$10.9M
3
AIG.WS
American International Group, Inc.
AIG.WS
$8.63M
4
EHC icon
Encompass Health
EHC
$7.39M
5
MGM icon
MGM Resorts International
MGM
$6.89M

Sector Composition

1 Technology 1.3%
2 Real Estate 0.38%
3 Communication Services 0.24%
4 Industrials 0.2%
5 Materials 0.08%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
SWU
1
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
$111M 5.12% 831,194 -81,692 -9% -$10.9M
WELL.PRI
2
DELISTED
Welltower Inc.
WELL.PRI
$62M 2.87% 1,015,180 +15,180 +2% +$927K
CIEN icon
3
Ciena
CIEN
$13.3B
$28.2M 1.3% +1,361,261 New +$28.2M
GM.WS.B
4
DELISTED
General Motors Company
GM.WS.B
$13.7M 0.63% 1,033,807 +6,830 +0.7% +$90.3K
WFC.PRL icon
5
WELLS FARGO 7.5% NON CUMV PERP CONV
WFC.PRL
$4.82B
$13.6M 0.63% +11,618 New +$13.6M
KMI.WS
6
DELISTED
Kinder Morgan Inc
KMI.WS
$13.2M 0.61% 14,364,080 +552,401 +4% +$508K
KEY.PRG
7
DELISTED
KeyCorp Pfd
KEY.PRG
$8.06M 0.37% 61,891 +1,182 +2% +$154K
UONEK icon
8
Urban One Class D
UONEK
$35.8M
$4.23M 0.2% 1,984,333 +44,164 +2% +$94.1K
NRF
9
DELISTED
NorthStar Realty Finance Corp.
NRF
$3.58M 0.17% +289,805 New +$3.58M
IRDMB
10
DELISTED
Iridium Communications Inc - 6.75% Series B
IRDMB
$3.4M 0.16% 14,000 – –
KODK icon
11
Kodak
KODK
$477M
$3.08M 0.14% 196,948 -554 -0.3% -$8.65K
RYN icon
12
Rayonier
RYN
$4.05B
$2.84M 0.13% +128,707 New +$2.84M
EVV
13
Eaton Vance Limited Duration Income Fund
EVV
$1.2B
$2.56M 0.12% 201,785 – –
CMLS
14
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
$2.17M 0.1% 3,088,897 +887,097 +40% +$624K
JQC icon
15
Nuveen Credit Strategies Income Fund
JQC
$754M
$1.98M 0.09% 248,024 – –
WPXP
16
DELISTED
WPX Energy, Inc.
WPXP
$1.79M 0.08% +50,000 New +$1.79M
EMMS
17
DELISTED
Emmis Communications Corp
EMMS
$1.7M 0.08% 1,371,796 +196,689 +17% +$244K
TC
18
DELISTED
Thompson Creek Metals Company Inc. Ordinary Shares (Canada)
TC
$1.65M 0.08% +3,764,502 New +$1.65M
SBLK icon
19
Star Bulk Carriers
SBLK
$2.13B
$1.25M 0.06% +610,109 New +$1.25M
EMMSP
20
DELISTED
EMMIS COMMUNICATIONS CRP CV PF
EMMSP
$1.09M 0.05% 359,597 -83,673 -19% -$254K
DRRX icon
21
DURECT Corp
DRRX
$59.6M
$1.01M 0.05% 520,000 – –
JPM.WS
22
DELISTED
JPMorgan Chase
JPM.WS
$986K 0.05% 49,500 -25,500 -34% -$508K
FWONK icon
23
Liberty Media Series C
FWONK
$25B
$689K 0.03% 20,000 – –
DSU icon
24
BlackRock Debt Strategies Fund
DSU
$550M
$624K 0.03% 186,921 – –
BAC.WS.A
25
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
$606K 0.03% 105,765 – –
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