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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
+8.69%
1 Year Est. Return
+24.15%
3 Year Est. Return
+25.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$126M
AUM Growth
+$74.1M
(+143%)
Cap. Flow
+$69.9M
Cap. Flow
% of AUM
55.57%
Top 10 Holdings %
Top 10 Hldgs %
83.06%
Holding
30
New
12
Increased
6
Reduced
3
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$17.8M |
| 2 |
Comcast
CMCSA
|
+$15.6M |
| 3 |
Apple
AAPL
|
+$11.5M |
| 4 |
Omnicom Group
OMC
|
+$9.49M |
| 5 |
AT&T
T
|
+$9.29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Warner Music
WMG
|
+$4.9M |
| 2 |
Charter Communications
CHTR
|
+$3.94M |
| 3 |
COR
Coresite Realty Corporation
COR
|
+$3.56M |
| 4 |
OPTU
Optimum Communications Inc
OPTU
|
+$2.84M |
| 5 |
American Tower
AMT
|
+$2.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 68.9% |
| 2 | Technology | 12.91% |
| 3 | Real Estate | 10.82% |
| 4 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class A
GOOGL
$4.33T
| $18.6M | 14.82% |
+152,700
| New | +$17.8M |
|
|
2
Comcast
CMCSA
$90B
| $15.9M | 12.65% |
+279,064
| New | +$15.6M |
|
|
3
AT&T
T
$163B
| $12.7M | 10.11% |
585,313
+408,488
| +231% | +$9.29M |
|
4
Telus
TU
$15.3B
| $12.5M | 9.95% |
558,957
+322,837
| +137% | +$7M |
|
|
5
Apple
AAPL
$4.57T
| $12.1M | 9.65% |
+88,628
| New | +$11.5M |
|
6
SBA Communications
SBAC
$19.5B
| $10M | 7.98% |
31,523
+22,717
| +258% | +$6.81M |
|
|
7
Omnicom Group
OMC
$23.4B
| $9.35M | 7.43% |
+116,826
| New | +$9.49M |
|
8
Fox Class A
FOXA
$26.9B
| $4.94M | 3.93% |
+133,049
| New | +$4.99M |
|
|
LSXMA
9
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $4.13M | 3.28% |
120,707
+73,412
| +155% | +$2.4M |
|
10
GDS Holdings
GDS
$6.41B
| $4.1M | 3.26% |
+52,292
| New | +$4.05M |
|
|
CONE
11
DELISTED
CyrusOne Inc Common Stock
CONE
| $4.1M | 3.26% |
57,342
-2,566
| -4% | -$187K |
|
12
iHeartMedia
IHRT
$583M
| $2.86M | 2.27% |
106,208
+30,983
| +41% | +$686K |
|
|
SIX
13
DELISTED
Six Flags Entertainment Corp.
SIX
| $2.69M | 2.13% |
+62,057
| New | +$2.8M |
|
14
Warner Bros
WBD
$67.1B
| $2.07M | 1.64% |
+67,340
| New | +$2.34M |
|
|
DISH
15
DELISTED
DISH Network Corp.
DISH
| $2.05M | 1.63% |
+49,055
| New | +$2.06M |
|
|
COR
16
DELISTED
Coresite Realty Corporation
COR
| $2.04M | 1.62% |
15,183
-28,494
| -65% | -$3.56M |
|
17
Sinclair Inc
SBGI
$1.03B
| $1.94M | 1.54% |
+58,440
| New | +$1.89M |
|
18
Lamar Advertising Co
LAMR
$16.3B
| $1.52M | 1.21% |
14,579
+3,229
| +28% | +$328K |
|
|
DISCK
19
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $1.04M | 0.83% |
+35,823
| New | +$1.11M |
|
20
Gray Television
GTN
$552M
| $534K | 0.42% |
+22,805
| New | +$495K |
|
|
21
Warner Music
WMG
$13.8B
| $469K | 0.37% |
13,000
-136,759
| -91% | -$4.9M |
|
|
22
American Tower
AMT
$80.4B
| – | – |
-10,514
| Closed | -$2.51M |
|
23
Amazon
AMZN
$2.96T
| – | – |
-13,120
| Closed | -$2.03M |
|
|
OPTU
24
Optimum Communications Inc
OPTU
$301M
| – | – |
-87,441
| Closed | -$2.84M |
|
|
25
Charter Communications
CHTR
$18.2B
| – | – |
-6,381
| Closed | -$3.94M |
|
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Zeno Research's Q2 2021 Portfolio in Review
As of Q2 2021, Zeno Research held 30 positions worth $126M, up 143% from $51.7M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Zeno Research deployed $69.9M of net new capital in Q2 2021, opening 12 new positions and adding to 6 existing holdings. Its largest new stake was Alphabet (Google) Class A: 152,700 shares worth $18.6M.
By sector, the portfolio is most concentrated in Communication Services at 69% of assets, up from 51% a quarter earlier, followed by Technology and Real Estate.
On the sell side, the largest reduction was Warner Music, an estimated $4.9M trimmed.
- Zeno Research's largest Q2 2021 buy was Alphabet (Google) Class A: 152,700 shares worth $18.6M.
- Zeno Research added most to AT&T in Q2 2021, an estimated $9.29M increase.
- Zeno Research's biggest Q2 2021 reduction was Warner Music, cutting an estimated $4.9M.
- Zeno Research fully exited Charter Communications in Q2 2021, selling an estimated $3.94M.
- Zeno Research's ten largest holdings make up 83% of its $126M portfolio in Q2 2021.
- Zeno Research opened 12 new positions and closed 9 in Q2 2021.
- Zeno Research's portfolio value rose 143% quarter-over-quarter to $126M.
Based on Zeno Research's 13F filing for Q2 2021, filed 16 Aug 2021.