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ZEP

Zeno Equity Partners Portfolio holdings

AUM $269M
1-Year Est. Return 6.35%
This Fund
S&P 500
This Quarter Est. Return
-4.28%
1 Year Est. Return
+6.35%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$246M
AUM Growth
+$5.28M
Cap. Flow
-$29.3M
Cap. Flow %
-11.87%
Top 10 Hldgs %
94.52%
Holding
16
New
5
Increased
3
Reduced
3
Closed
3
Avg Time Held
4.4 quarters
Top 10 Avg Time Held
4.7 quarters
Top 20 Avg Time Held
4.4 quarters

Top Buys

Rank Stock Value
1
DSGX icon
Descartes Systems
DSGX
+$21.1M
2
ITUB icon
Itaú Unibanco
ITUB
+$18.7M
3
VIST icon
Vista Energy
VIST
+$16.9M
4
PAX icon
Patria Investments
PAX
+$10.7M
5
AMZN icon
Amazon
AMZN
+$10.1M

Top Sells

Rank Stock Value
1
LIN icon
Linde
LIN
+$51.4M
2
HEI.A icon
HEICO Corp Class A
HEI.A
+$38.9M
3
TXN icon
Texas Instruments
TXN
+$15.9M
4
V icon
Visa
V
+$12.4M
5
APH icon
Amphenol
APH
+$3.67M

Sector Composition

Rank Sector Weight
1 Healthcare 19.1%
2 Consumer Discretionary 18.95%
3 Financials 14.51%
4 Industrials 13.14%
5 Materials 12.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
DHR icon
1
Danaher
DHR
$150B
$47.1M 19.1%
248,230
+24,782
+11% +$5.28M
2023 Q4
9 quarters
LIN icon
2
Linde
LIN
$221B
$30.3M 12.29%
61,114
-108,847
-64% -$51.4M
2023 Q4
9 quarters
AMZN icon
3
Amazon
AMZN
$2.71T
$29.5M 11.95%
141,430
+45,746
+48% +$10.1M
2023 Q4
9 quarters
VIST icon
4
Vista Energy
VIST
$7.11B
$21.9M 8.89%
+290,321
New +$16.9M
2026 Q1
0 quarters
DSGX icon
5
Descartes Systems
DSGX
$6.85B
$20.5M 8.32%
+286,443
New +$21.1M
2026 Q1
0 quarters
HEI.A icon
6
HEICO Corp Class A
HEI.A
$31.4B
$19M 7.73%
90,245
-157,971
-64% -$38.9M
2024 Q2
7 quarters
ITUB icon
7
Itaú Unibanco
ITUB
$94.7B
$18.7M 7.61%
+2,236,966
New +$18.7M
2026 Q1
0 quarters
SGI
8
Somnigroup International
SGI
$14.3B
$17.3M 7%
233,394
-34,190
-13% -$2.97M
2025 Q1
4 quarters
PAX icon
9
Patria Investments
PAX
$1.65B
$17M 6.9%
1,349,579
+758,881
+128% +$10.7M
2025 Q4
1 quarter
WALD icon
10
Waldencast
WALD
$112M
$11.6M 4.72%
12,252,580
– –
2023 Q4
9 quarters
PAM icon
11
Pampa Energía
PAM
$4.09B
$10.2M 4.15%
+115,585
New +$9.59M
2026 Q1
0 quarters
RYAAY icon
12
Ryanair
RYAAY
$28.5B
$3.11M 1.26%
+53,811
New +$3.55M
2026 Q1
0 quarters
WALDW icon
13
Waldencast PLC Warrant
WALDW
$751K
$176K 0.07%
4,892,767
– –
2023 Q4
9 quarters
APH icon
14
Amphenol
APH
$214B
– –
-54,174
Closed -$3.67M –
TXN icon
15
Texas Instruments
TXN
$268B
– –
-91,686
Closed -$15.9M –
V icon
16
Visa
V
$677B
– –
-35,441
Closed -$12.4M –

Similar funds

PM
Plustick Management Charlottesville, Virginia $269M AUM 340.55% 1-Year Est. Return
LBW
Landesbank Baden-Wuerttemberg Stuttgart Baden-Wuerttemberg, Germany $269M AUM
GPFA
Game Plan Financial Advisors Westlake, Ohio $269M AUM 28.74% 1-Year Est. Return
RA
Rosalind Advisors Toronto, Ontario, Canada $269M AUM 103.38% 1-Year Est. Return
TW
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5W
5T Wealth Napa, California $269M AUM 17.81% 1-Year Est. Return
VFG
V2 Financial group Naperville, Illinois $268M AUM 23.01% 1-Year Est. Return
OCP
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Zeno Equity Partners's Q1 2026 Portfolio in Review

As of Q1 2026, Zeno Equity Partners held 16 positions worth $246M, up 2.2% from $241M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Zeno Equity Partners withdrew a net $29.3M in Q1 2026, closing 3 positions and reducing 3 holdings. Its most notable exit was Texas Instruments, an estimated $15.9M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Zeno Equity Partners opened a new position in Descartes Systems worth $20.5M.

  • Zeno Equity Partners's largest Q1 2026 buy was Descartes Systems: 286,443 shares worth $20.5M.
  • Zeno Equity Partners added most to Patria Investments in Q1 2026, an estimated $10.7M increase.
  • Zeno Equity Partners's biggest Q1 2026 reduction was Linde, cutting an estimated $51.4M.
  • Zeno Equity Partners fully exited Texas Instruments in Q1 2026, selling an estimated $15.9M.
  • Zeno Equity Partners's ten largest holdings make up 95% of its $246M portfolio in Q1 2026.
  • Zeno Equity Partners opened 5 new positions and closed 3 in Q1 2026.
  • Zeno Equity Partners's portfolio value rose 2.2% quarter-over-quarter to $246M.

Based on Zeno Equity Partners's 13F filing for Q1 2026, filed 14 May 2026.