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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
+13.08%
1 Year Est. Return
+24.15%
3 Year Est. Return
+25.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$149M
AUM Growth
-$1.74M
(-1.1%)
Cap. Flow
-$9.85M
Cap. Flow
% of AUM
-6.59%
Top 10 Holdings %
Top 10 Hldgs %
58.52%
Holding
35
New
10
Increased
10
Reduced
10
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Digital Realty Trust
DLR
|
+$6.93M |
| 2 |
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
|
+$6.37M |
| 3 |
Meta Platforms (Facebook)
META
|
+$5.86M |
| 4 |
FYBR
Frontier Communications
FYBR
|
+$4.88M |
| 5 |
Cinemark Holdings
CNK
|
+$3.81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equinix
EQIX
|
+$11.1M |
| 2 |
T-Mobile US
TMUS
|
+$10.6M |
| 3 |
Spotify
SPOT
|
+$5.32M |
| 4 |
Amazon
AMZN
|
+$5.28M |
| 5 |
Live Nation Entertainment
LYV
|
+$4.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 73.66% |
| 2 | Real Estate | 16.53% |
| 3 | Consumer Discretionary | 3.25% |
| 4 | Industrials | 1.8% |
| 5 | Technology | 0.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Sinclair Inc
SBGI
$1.03B
| $1.24M | 0.83% |
+72,126
| New | +$1.25M |
|
|
TGNA
27
DELISTED
TEGNA Inc
TGNA
| $1.05M | 0.71% |
+62,327
| New | +$1.17M |
|
28
Gray Television
GTN
$552M
| $590K | 0.39% |
+67,692
| New | +$755K |
|
|
ATVI
29
DELISTED
Activision Blizzard
ATVI
| $269K | 0.18% |
+3,145
| New | +$244K |
|
30
Take-Two Interactive
TTWO
$46.1B
| $256K | 0.17% |
+2,149
| New | +$240K |
|
|
31
Amazon
AMZN
$2.96T
| – | – |
-62,859
| Closed | -$5.28M |
|
|
32
Equinix
EQIX
$103B
| – | – |
-16,878
| Closed | -$11.1M |
|
|
33
Live Nation Entertainment
LYV
$42.1B
| – | – |
-64,469
| Closed | -$4.5M |
|
34
Warner Bros
WBD
$67.1B
| – | – |
-210,521
| Closed | -$2M |
|
|
WWE
35
DELISTED
World Wrestling Entertainment
WWE
| – | – |
-42,163
| Closed | -$2.89M |
|
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Zeno Research's Q1 2023 Portfolio in Review
As of Q1 2023, Zeno Research held 35 positions worth $149M, down 1.1% from $151M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Zeno Research withdrew a net $9.85M in Q1 2023, closing 5 positions and reducing 10 holdings. Its most notable exit was Equinix, an estimated $11.1M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 74% of assets, up from 68% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, Zeno Research opened a new position in Digital Realty Trust worth $6.46M.
- Zeno Research's largest Q1 2023 buy was Digital Realty Trust: 65,724 shares worth $6.46M.
- Zeno Research added most to Liberty Media Corporation Series A Liberty SiriusXM Common Stock in Q1 2023, an estimated $6.37M increase.
- Zeno Research's biggest Q1 2023 reduction was T-Mobile US, cutting an estimated $10.6M.
- Zeno Research fully exited Equinix in Q1 2023, selling an estimated $11.1M.
- Zeno Research's ten largest holdings make up 59% of its $149M portfolio in Q1 2023.
- Zeno Research opened 10 new positions and closed 5 in Q1 2023.
- Zeno Research's portfolio value fell 1.1% quarter-over-quarter to $149M.
Based on Zeno Research's 13F filing for Q1 2023, filed 15 May 2023.