ZA

Zazove Associates Portfolio holdings

AUM $1.23B
This Quarter Return
+2.95%
1 Year Return
+3.71%
3 Year Return
+11.52%
5 Year Return
–
10 Year Return
–
AUM
$848M
AUM Growth
+$848M
Cap. Flow
+$7.64M
Cap. Flow %
0.9%
Top 10 Hldgs %
51.25%
Holding
139
New
11
Increased
9
Reduced
5
Closed
8

Top Buys

1
BHR
Braemar Hotels & Resorts
BHR
$7.46M
2
LSEA
Landsea Homes
LSEA
$3.05M
3
AESC
The AES Corporation
AESC
$1.55M
4
STPK.WS
Star Peak Energy Transition Corp. Warrants, each whole warrant exercisable for one share of Class A
STPK.WS
$1.5M
5
UONEK icon
Urban One Class D
UONEK
$1.35M

Top Sells

1
BHR.PRB
Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock
BHR.PRB
$5.21M
2
CURIW icon
CuriosityStream Inc. Warrant
CURIW
$4.59M
3
TWNKW
Hostess Brands, Inc. Warrants
TWNKW
$1.69M
4
DBRG icon
DigitalBridge
DBRG
$1.03M
5
RLJ.PRA icon
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$994K

Sector Composition

1 Energy 1.54%
2 Real Estate 1.36%
3 Communication Services 1.02%
4 Healthcare 0.23%
5 Financials 0.18%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
CMLS
1
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
$9.56M 1.13% 1,049,304 +78,216 +8% +$713K
BHR
2
Braemar Hotels & Resorts
BHR
$188M
$8.47M 1% 1,394,804 +1,229,017 +741% +$7.46M
BKEP
3
DELISTED
Blueknight Energy Partners L.P.
BKEP
$8.15M 0.96% 2,516,798 -112,868 -4% -$366K
OXY.WS icon
4
Occidental Petroleum Corporation Warrants to Purchase Common Stock
OXY.WS
$24B
$5.94M 0.7% 500,000 – –
UONEK icon
5
Urban One Class D
UONEK
$35.8M
$4.32M 0.51% 2,470,859 +773,445 +46% +$1.35M
CCO icon
6
Clear Channel Outdoor Holdings
CCO
$616M
$4.3M 0.51% 2,386,572 – –
EOSEW icon
7
Eos Energy Enterprises, Inc. Warrant
EOSEW
$3.81M
$3.81M 0.45% 427,080 +7,700 +2% +$68.7K
KYN icon
8
Kayne Anderson Energy Infrastructure Fund
KYN
$2.12B
$3.11M 0.37% 433,088 – –
LSEA
9
DELISTED
Landsea Homes
LSEA
$3.05M 0.36% +318,796 New +$3.05M
TWNKW
10
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$2.77M 0.33% 1,817,823 -1,110,385 -38% -$1.69M
EVV
11
Eaton Vance Limited Duration Income Fund
EVV
$1.2B
$2.74M 0.32% 217,221 – –
USAC icon
12
USA Compression Partners
USAC
$2.95B
$2.32M 0.27% 151,715 – –
ECOLW
13
DELISTED
US Ecology, Inc. Warrant
ECOLW
$2.18M 0.26% 242,372 -83,101 -26% -$748K
AM icon
14
Antero Midstream
AM
$8.51B
$2.03M 0.24% 225,000 – –
KMF
15
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$1.97M 0.23% 295,073 +87,904 +42% +$585K
JQC icon
16
Nuveen Credit Strategies Income Fund
JQC
$754M
$1.89M 0.22% 291,105 – –
GDL
17
GDL Fund
GDL
$95.9M
$1.82M 0.21% 203,318 – –
FLG.PRU
18
Flagstar Financial, Inc. Bifurcated Option Note Unit SecuritiES
FLG.PRU
$113M
$1.7M 0.2% 34,230 – –
AESC
19
DELISTED
The AES Corporation
AESC
$1.55M 0.18% +15,000 New +$1.55M
STPK.WS
20
DELISTED
Star Peak Energy Transition Corp. Warrants, each whole warrant exercisable for one share of Class A
STPK.WS
$1.5M 0.18% +105,262 New +$1.5M
RVNC
21
DELISTED
Revance Therapeutics, Inc.
RVNC
$1.46M 0.17% 52,235 +45,907 +725% +$1.28M
PSFE.WS icon
22
Paysafe Limited Warrants, exercisable for one Common Share of Paysafe Limited at a price of $138.00 per share
PSFE.WS
$1.07M
$1.24M 0.15% +287,177 New +$1.24M
CURO
23
DELISTED
CURO Group Holdings Corp.
CURO
$1.23M 0.15% 84,537 – –
CLOVW
24
DELISTED
Clover Health Investments, Corp. Warrants
CLOVW
$995K 0.12% +633,805 New +$995K
LCIDW
25
DELISTED
Lucid Group, Inc. Warrant
LCIDW
$874K 0.1% +77,500 New +$874K
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