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ZR
Zeno Research Portfolio holdings
AUM
$223M
1-Year Est. Return
24.15%
This Fund
S&P 500
This Quarter
Est. Return
-0.36%
1 Year Est. Return
+24.15%
3 Year Est. Return
+25.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$116M
AUM Growth
+$12.7M
(+12%)
Cap. Flow
+$13.1M
Cap. Flow
% of AUM
11.27%
Top 10 Holdings %
Top 10 Hldgs %
74.58%
Holding
37
New
10
Increased
9
Reduced
3
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rogers Communications
RCI
|
+$14.6M |
| 2 |
SBA Communications
SBAC
|
+$11M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$6.12M |
| 4 |
IAS
Integral Ad Science
IAS
|
+$5.44M |
| 5 |
United Parks & Resorts
PRKS
|
+$4.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lamar Advertising Co
LAMR
|
+$8.19M |
| 2 |
Warner Music
WMG
|
+$7.96M |
| 3 |
AT&T
T
|
+$5.13M |
| 4 |
American Tower
AMT
|
+$5.02M |
| 5 |
Dycom Industries
DY
|
+$4.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 67.22% |
| 2 | Real Estate | 19.33% |
| 3 | Consumer Discretionary | 9.04% |
| 4 | Technology | 0.29% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Liberty Media Series C
FWONK
$25.8B
| – | – |
-49,613
| Closed | -$3.03M |
|
27
GDS Holdings
GDS
$6.41B
| – | – |
-44,901
| Closed | -$2.12M |
|
|
28
Lamar Advertising Co
LAMR
$16.3B
| – | – |
-67,525
| Closed | -$8.19M |
|
29
Liberty Broadband Class C
LBRDK
$5.15B
| – | – |
-5,576
| Closed | -$898K |
|
30
Lumen
LUMN
$6.44B
| – | – |
-236,012
| Closed | -$2.96M |
|
31
Nexstar Media Group
NXST
$5.97B
| – | – |
-6,553
| Closed | -$989K |
|
32
Omnicom Group
OMC
$23.4B
| – | – |
-23,240
| Closed | -$1.7M |
|
|
33
AT&T
T
$163B
| – | – |
-276,393
| Closed | -$5.13M |
|
34
Warner Bros
WBD
$67.1B
| – | – |
-74,595
| Closed | -$1.76M |
|
|
SIX
35
DELISTED
Six Flags Entertainment Corp.
SIX
| – | – |
-73,453
| Closed | -$3.13M |
|
|
TWTR
36
DELISTED
Twitter, Inc.
TWTR
| – | – |
-34,153
| Closed | -$1.48M |
|
|
DISCK
37
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| – | – |
-77,817
| Closed | -$1.78M |
|
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Zeno Research's Q1 2022 Portfolio in Review
As of Q1 2022, Zeno Research held 37 positions worth $116M, up 12% from $103M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Zeno Research deployed $13.1M of net new capital in Q1 2022, opening 10 new positions and adding to 9 existing holdings. Its largest new stake was Rogers Communications: 282,519 shares worth $16M.
By sector, the portfolio is most concentrated in Communication Services at 67% of assets, down from 70% a quarter earlier, followed by Real Estate and Consumer Discretionary.
On the sell side, the largest reduction was Warner Music, an estimated $7.96M trimmed.
- Zeno Research's largest Q1 2022 buy was Rogers Communications: 282,519 shares worth $16M.
- Zeno Research added most to Alphabet (Google) Class A in Q1 2022, an estimated $6.12M increase.
- Zeno Research's biggest Q1 2022 reduction was Warner Music, cutting an estimated $7.96M.
- Zeno Research fully exited Lamar Advertising Co in Q1 2022, selling an estimated $8.19M.
- Zeno Research's ten largest holdings make up 75% of its $116M portfolio in Q1 2022.
- Zeno Research opened 10 new positions and closed 15 in Q1 2022.
- Zeno Research's portfolio value rose 12% quarter-over-quarter to $116M.
Based on Zeno Research's 13F filing for Q1 2022, filed 29 Apr 2022.