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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
-12.51%
1 Year Est. Return
+24.15%
3 Year Est. Return
+25.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$91.3M
AUM Growth
-$24.5M
Cap. Flow
-$10.8M
Cap. Flow %
-11.87%
Top 10 Hldgs %
72.85%
Holding
33
New
11
Increased
5
Reduced
7
Closed
10

Top Buys

Rank Stock Value
1
DLR icon
Digital Realty Trust
DLR
+$9.82M
2
CHTR icon
Charter Communications
CHTR
+$7.69M
3
AMT icon
American Tower
AMT
+$5.39M
4
T icon
AT&T
T
+$4.53M
5
OMC icon
Omnicom Group
OMC
+$4.14M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$12.7M
2
EQIX icon
Equinix
EQIX
+$7.48M
3
TMUS icon
T-Mobile US
TMUS
+$7.11M
4
CMCSA icon
Comcast
CMCSA
+$5.95M
5
IAS
Integral Ad Science
IAS
+$4.69M

Sector Composition

Rank Sector Weight
1 Communication Services 65.41%
2 Real Estate 28.41%
3 Consumer Discretionary 5.45%
4 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EQIX icon
26
Equinix
EQIX
$103B
– –
-10,082
Closed -$7.48M
GOOGL icon
27
Alphabet (Google) Class A
GOOGL
$4.33T
– –
-91,580
Closed -$12.7M
IAS
28
DELISTED
Integral Ad Science
IAS
– –
-339,900
Closed -$4.69M
IPG
29
DELISTED
Interpublic Group of Companies
IPG
– –
-38,103
Closed -$1.35M
PARA
30
DELISTED
Paramount Global Class B
PARA
– –
-83,752
Closed -$3.17M
UNIT
31
Uniti Group
UNIT
$2.32B
– –
-41,149
Closed -$566K
VNET
32
VNET Group
VNET
$2.09B
– –
-58,315
Closed -$340K
WMG icon
33
Warner Music
WMG
$13.8B
– –
-110,909
Closed -$4.2M
1
2

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RCGI
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KWA
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DLG
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GGPE
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SWA
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TOGEPT
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Zeno Research's Q2 2022 Portfolio in Review

As of Q2 2022, Zeno Research held 33 positions worth $91.3M, down 21% from $116M the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Zeno Research withdrew a net $10.8M in Q2 2022, closing 10 positions and reducing 7 holdings. Its most notable exit was Alphabet (Google) Class A, an estimated $12.7M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 65% of assets, down from 67% a quarter earlier, followed by Real Estate and Consumer Discretionary.

Against the trend, Zeno Research opened a new position in Digital Realty Trust worth $9.23M.

  • Zeno Research's largest Q2 2022 buy was Digital Realty Trust: 71,074 shares worth $9.23M.
  • Zeno Research added most to Walt Disney in Q2 2022, an estimated $2.43M increase.
  • Zeno Research's biggest Q2 2022 reduction was T-Mobile US, cutting an estimated $7.11M.
  • Zeno Research fully exited Alphabet (Google) Class A in Q2 2022, selling an estimated $12.7M.
  • Zeno Research's ten largest holdings make up 73% of its $91.3M portfolio in Q2 2022.
  • Zeno Research opened 11 new positions and closed 10 in Q2 2022.
  • Zeno Research's portfolio value fell 21% quarter-over-quarter to $91.3M.

Based on Zeno Research's 13F filing for Q2 2022, filed 15 Aug 2022.