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Zeno Research Portfolio holdings
AUM
$223M
Turnover
59.46%
1-Year Est. Return
24.15%
This Fund
S&P 500
This Quarter Est. Return
-1.75%
1 Year Est. Return
+24.15%
3 Year Est. Return
+25.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$223M
AUM Growth
+$42.4M
(+24%)
Cap. Flow
+$41M
Cap. Flow % of AUM
Cap. Flow %
18.42%
Top 10 Holdings %
Top 10 Hldgs %
71.36%
Holding
37
New
11
Increased
10
Reduced
5
Closed
11
Avg Time Held
Equity + Options
0.4
years
Top 10 Avg Time Held
Equity + Options
0.3
years
Top 20 Avg Time Held
Equity + Options
0.3
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$23.1M |
| 2 |
Digital Realty Trust
DLR
|
+$21.8M |
| 3 |
Charter Communications
CHTR
|
+$14.9M |
| 4 |
Crown Castle
CCI
|
+$13.9M |
| 5 |
Omnicom Group
OMC
|
+$9.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$21M |
| 2 |
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
|
+$16.2M |
| 3 |
American Tower
AMT
|
+$7.83M |
| 4 |
WWE
World Wrestling Entertainment
WWE
|
+$6.6M |
| 5 |
Verizon
VZ
|
+$5.88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 80.9% |
| 2 | Real Estate | 16.05% |
| 3 | Miscellaneous | 3.04% |
| 4 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Take-Two Interactive
TTWO
$40.2B
| $486K | 0.22% |
+3,465
| New | +$499K |
2023 Q3
0 quarters
|
|
|
27
American Tower
AMT
$87.6B
| – | – |
-40,372
| Closed | -$7.83M | – |
|
28
Cable One
CABO
$24.4M
| – | – |
-8,173
| Closed | -$5.37M | – |
|
29
Comcast
CMCSA
$86.6B
| – | – |
-119,627
| Closed | -$4.97M | – |
|
30
Equinix
EQIX
$100B
| – | – |
-6,557
| Closed | -$5.14M | – |
|
31
Gray Television
GTN
$507M
| – | – |
-309,219
| Closed | -$2.44M | – |
|
32
DELISTED
Paramount Global Class B
PARA
| – | – |
-255,410
| Closed | -$4.06M | – |
|
|
33
T-Mobile US
TMUS
$172B
| – | – |
-151,191
| Closed | -$21M | – |
|
|
34
Verizon
VZ
$189B
| – | – |
-158,129
| Closed | -$5.88M | – |
|
35
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| – | – |
-740,704
| Closed | -$5.3M | – |
|
|
WWE
36
DELISTED
World Wrestling Entertainment
WWE
| – | – |
-60,836
| Closed | -$6.6M | – |
|
|
ATVI
37
DELISTED
Activision Blizzard
ATVI
| – | – |
-4,287
| Closed | -$361K | – |
|
Similar funds
WA
DLG
Zeno Research's Q3 2023 Portfolio in Review
As of Q3 2023, Zeno Research held 37 positions worth $223M, up 24% from $180M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Zeno Research deployed $41M of net new capital in Q3 2023, opening 11 new positions and adding to 10 existing holdings. Its largest new stake was AT&T: 1,577,907 shares worth $23.7M.
By sector, the portfolio is most concentrated in Communication Services at 81% of assets, down from 91% a quarter earlier, followed by Real Estate and Miscellaneous.
On the sell side, the largest reduction was Liberty Media Corporation Series A Liberty SiriusXM Common Stock, an estimated $16.2M trimmed.
- Zeno Research's largest Q3 2023 buy was AT&T: 1,577,907 shares worth $23.7M.
- Zeno Research added most to Omnicom Group in Q3 2023, an estimated $9.3M increase.
- Zeno Research's biggest Q3 2023 reduction was Liberty Media Corporation Series A Liberty SiriusXM Common Stock, cutting an estimated $16.2M.
- Zeno Research fully exited T-Mobile US in Q3 2023, selling an estimated $21M.
- Zeno Research's ten largest holdings make up 71% of its $223M portfolio in Q3 2023.
- Zeno Research opened 11 new positions and closed 11 in Q3 2023.
- Zeno Research's portfolio value rose 24% quarter-over-quarter to $223M.
Based on Zeno Research's 13F filing for Q3 2023, filed 14 Nov 2023.