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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
(+2.2%)
Cap. Flow
-$29.3M
Cap. Flow
% of AUM
-11.87%
Top 10 Holdings %
Top 10 Hldgs %
94.52%
Holding
16
New
5
Increased
3
Reduced
3
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Descartes Systems
DSGX
|
+$21.1M |
| 2 |
Itaú Unibanco
ITUB
|
+$18.7M |
| 3 |
Vista Energy
VIST
|
+$16.9M |
| 4 |
Patria Investments
PAX
|
+$10.7M |
| 5 |
Amazon
AMZN
|
+$10.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Linde
LIN
|
+$51.4M |
| 2 |
HEICO Corp Class A
HEI.A
|
+$38.9M |
| 3 |
Texas Instruments
TXN
|
+$15.9M |
| 4 |
Visa
V
|
+$12.4M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1
Danaher
DHR
$143B
| $47.1M | 19.1% |
248,230
+24,782
| +11% | +$5.28M |
|
|
2
Linde
LIN
$222B
| $30.3M | 12.29% |
61,114
-108,847
| -64% | -$51.4M |
|
|
3
Amazon
AMZN
$2.84T
| $29.5M | 11.95% |
141,430
+45,746
| +48% | +$10.1M |
|
|
4
Vista Energy
VIST
$7.6B
| $21.9M | 8.89% |
+290,321
| New | +$16.9M |
|
|
5
Descartes Systems
DSGX
$6.59B
| $20.5M | 8.32% |
+286,443
| New | +$21.1M |
|
|
6
HEICO Corp Class A
HEI.A
$38.1B
| $19M | 7.73% |
90,245
-157,971
| -64% | -$38.9M |
|
|
7
Itaú Unibanco
ITUB
$79.9B
| $18.7M | 7.61% |
+2,236,966
| New | +$18.7M |
|
|
SGI
8
Somnigroup International
SGI
$13.9B
| $17.3M | 7% |
233,394
-34,190
| -13% | -$2.97M |
|
|
9
Patria Investments
PAX
$1.86B
| $17M | 6.9% |
1,349,579
+758,881
| +128% | +$10.7M |
|
10
Waldencast
WALD
$172M
| $11.6M | 4.72% |
12,252,580
| – | – |
|
11
Pampa Energía
PAM
$4.25B
| $10.2M | 4.15% |
+115,585
| New | +$9.59M |
|
12
Ryanair
RYAAY
$30.5B
| $3.11M | 1.26% |
+53,811
| New | +$3.55M |
|
|
13
Waldencast PLC Warrant
WALDW
$3.58M
| $176K | 0.07% |
4,892,767
| – | – |
|
|
14
Amphenol
APH
$206B
| – | – |
-27,087
| Closed | -$3.67M |
|
|
15
Texas Instruments
TXN
$253B
| – | – |
-91,686
| Closed | -$15.9M |
|
|
16
Visa
V
$681B
| – | – |
-35,441
| Closed | -$12.4M |
|
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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.