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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
+1.35%
1 Year Est. Return
+24.15%
3 Year Est. Return
+25.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$180M
AUM Growth
+$30.7M
(+21%)
Cap. Flow
+$27.6M
Cap. Flow
% of AUM
15.32%
Top 10 Holdings %
Top 10 Hldgs %
64.78%
Holding
39
New
9
Increased
13
Reduced
4
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$16.4M |
| 2 |
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
|
+$9.49M |
| 3 |
Warner Music
WMG
|
+$9M |
| 4 |
Rogers Communications
RCI
|
+$8.42M |
| 5 |
TGNA
TEGNA Inc
TGNA
|
+$6.72M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$10.2M |
| 2 |
Charter Communications
CHTR
|
+$8.49M |
| 3 |
AT&T
T
|
+$8.15M |
| 4 |
SBA Communications
SBAC
|
+$7.3M |
| 5 |
Digital Realty Trust
DLR
|
+$6.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 80.48% |
| 2 | Real Estate | 8.91% |
| 3 | Technology | 0.2% |
| 4 | Consumer Discretionary | 0% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATVI
26
DELISTED
Activision Blizzard
ATVI
| $361K | 0.2% |
4,287
+1,142
| +36% | +$92.4K |
|
27
Cogent Communications
CCOI
$508M
| – | – |
-32,592
| Closed | -$2.08M |
|
|
28
Charter Communications
CHTR
$18.2B
| – | – |
-23,744
| Closed | -$8.49M |
|
29
Walt Disney
DIS
$181B
| – | – |
-64,027
| Closed | -$6.41M |
|
|
30
Digital Realty Trust
DLR
$71.7B
| – | – |
-65,724
| Closed | -$6.46M |
|
31
Dycom Industries
DY
$12.3B
| – | – |
-28,765
| Closed | -$2.69M |
|
32
Liberty Broadband Class C
LBRDK
$5.15B
| – | – |
-51,283
| Closed | -$4.19M |
|
33
Netflix
NFLX
$309B
| – | – |
-179,320
| Closed | -$6.2M |
|
34
Pinterest
PINS
$13.4B
| – | – |
-79,155
| Closed | -$2.16M |
|
|
35
SBA Communications
SBAC
$19.5B
| – | – |
-27,966
| Closed | -$7.3M |
|
36
Sinclair Inc
SBGI
$1.03B
| – | – |
-72,126
| Closed | -$1.24M |
|
|
37
AT&T
T
$163B
| – | – |
-423,243
| Closed | -$8.15M |
|
38
Take-Two Interactive
TTWO
$46.1B
| – | – |
-2,149
| Closed | -$256K |
|
39
United Parks & Resorts
PRKS
$2.12B
| – | – |
-79,205
| Closed | -$4.86M |
|
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Zeno Research's Q2 2023 Portfolio in Review
As of Q2 2023, Zeno Research held 39 positions worth $180M, up 21% from $149M the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Zeno Research deployed $27.6M of net new capital in Q2 2023, opening 9 new positions and adding to 13 existing holdings. Its largest new stake was World Wrestling Entertainment: 60,836 shares worth $6.6M.
By sector, the portfolio is most concentrated in Communication Services at 80% of assets, up from 74% a quarter earlier, followed by Real Estate and Technology.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $10.2M trimmed.
- Zeno Research's largest Q2 2023 buy was World Wrestling Entertainment: 60,836 shares worth $6.6M.
- Zeno Research added most to T-Mobile US in Q2 2023, an estimated $16.4M increase.
- Zeno Research's biggest Q2 2023 reduction was Meta Platforms (Facebook), cutting an estimated $10.2M.
- Zeno Research fully exited Charter Communications in Q2 2023, selling an estimated $8.49M.
- Zeno Research's ten largest holdings make up 65% of its $180M portfolio in Q2 2023.
- Zeno Research opened 9 new positions and closed 13 in Q2 2023.
- Zeno Research's portfolio value rose 21% quarter-over-quarter to $180M.
Based on Zeno Research's 13F filing for Q2 2023, filed 14 Aug 2023.