Zazove Associates LLC
Zazove Associates LLC reported 46 US-listed holdings worth $91.8 million in its 13F for the quarter ended 30 June 2026, filed 16 July 2026. Its largest: Bank America Corp. (49.2%), Vanguard BD Index FDS (5.4%) and Braemar Hotels & Resorts INC (5.2%). Against the quarter before, it opened 4 positions, added to 4, trimmed 34 and sold out of 22.
The 14 largest of its 46 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +3.5% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 4
- Glass Hse Brands Inc. F Class A GLAS$1.0 million
- Alphabet Inc. GOOGM$631,000
- Direxion Shares ETF Trust SOXS$453,600
- Alphabet Inc. GOOGN$125,675
Added to 4
- Aurora Innovation Inc. AUROW+473,791 shares · +700%
- AllianceBernstein Holding LP AB+1,000 shares · +5%
- Urban One Inc. UONEK+3,719 shares · +1%
- B2GOLD Corp. BTG+500 shares · +1%
Trimmed 34
- Bank America Corp.-7,557 shares · -17%
- Westrock Coffee Co. WEST-703,222 shares · -61%
- Vanguard BD Index FDS VUSB-100,000 shares · -50%
- Braemar Hotels & Resorts INC BHR-1.9 million shares · -46%
- Granite Ridge Resources Inc. GRNT-867,042 shares · -63%
- Braemar Hotels & Resorts Inc. BHRPRB-145,843 shares · -50%
- Rumble Inc. RUMBW-1.1 million shares · -46%
- BRC Inc. BRCC-1.5 million shares · -60%
and 26 more in the table below
Sold out of 22
- Kayne Anderson/Closed-end KYN$11.1 million last quarter
- CVR Partners LP UAN$8.9 million last quarter
- SPDR Ser Trust SPSB$6.0 million last quarter
- Urban One Inc. UONEK$4.3 million last quarter
- Clear Channel Outdoor Hldgs CCO$3.0 million last quarter
- National Cinemedia Inc. NCMI$2.4 million last quarter
- Nextnav Inc. NNAVW$2.3 million last quarter
- GDL FD GDL$2.0 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Bank America Corp. | 35.9K | $45.1 million | 49.19% | -7.6K |
| Vanguard BD Index FDS VUSB | 100.0K | $5.0 million | 5.43% | -100.0K |
| Braemar Hotels & Resorts INC BHR | 2.2M | $4.8 million | 5.22% | -1.9M |
| Westrock Coffee Co. WEST | 450.5K | $3.7 million | 3.98% | -703.2K |
| Urban One Inc. UONEK | 512.0K | $2.5 million | 2.68% | +3.7K |
| Rumble Inc. RUMBW | 1.2M | $2.3 million | 2.48% | -1.1M |
| Granite Ridge Resources Inc. GRNT | 509.0K | $2.2 million | 2.45% | -867.0K |
| the Realreal Inc. REAL | 185.0K | $2.2 million | 2.38% | -70.0K |
| Brookdale Senior Living Inc. BKD | 135.0K | $2.2 million | 2.37% | -90.0K |
| Braemar Hotels & Resorts Inc. BHRPRB | 147.4K | $2.0 million | 2.23% | -145.8K |
| Purecycle Technologies Inc. PCTTW | 759.4K | $2.0 million | 2.23% | -471.9K |
| Mntn Inc. MNTN | 200.0K | $1.8 million | 2.01% | -76.9K |
| ASA Gold and Precious Mtls L ASA | 32.7K | $1.7 million | 1.85% | -31.7K |
| Myt Netherlands Parent B V LUXE | 200.4K | $1.5 million | 1.62% | -200.4K |
| BKV Corp. BKV | 46.9K | $1.3 million | 1.40% | -3.1K |
| BRC Inc. BRCC | 1.0M | $1.1 million | 1.22% | -1.5M |
| Osisko Development Corp. ODV | 450.0K | $1.1 million | 1.21% | -70.0K |
| Glass Hse Brands Inc. F Class A GLAS | 79.8K | $1.0 million | 1.13% | new |
| Americas Gold and Silver Cor USAS | 200.0K | $944,000 | 1.03% | no change |
| Gold Royalty Corp. GROY | 300.0K | $828,000 | 0.90% | -335.0K |
| Whirlpool Corp. WHRPRA | 22.5K | $788,400 | 0.86% | no change |
| AllianceBernstein Holding LP AB | 19.3K | $679,746 | 0.74% | +1.0K |
| Alphabet Inc. GOOGM | 12.5K | $631,000 | 0.69% | new |
| Amprius Technologies Inc. | 102.1K | $594,709 | 0.65% | -36.9K |
| Net Power Inc. NPWRWS | 1.5M | $475,445 | 0.52% | -1.5M |
| Direxion Shares ETF Trust SOXS | 140.0K | $453,600 | 0.49% | new |
| Silvercorp Metals Inc. SVM | 41.3K | $416,766 | 0.45% | -43.2K |
| TH International Limited THCH | 200.3K | $382,537 | 0.42% | -236.6K |
| B2GOLD Corp. BTG | 75.1K | $280,874 | 0.31% | +500 |
| RLJ Lodging Trust RLJPRA | 10.8K | $265,901 | 0.29% | -7.7K |
| Aurora Innovation Inc. AUROW | 541.5K | $194,395 | 0.21% | +473.8K |
| Simplify Exchange Traded Fun SVOL | 10.9K | $174,836 | 0.19% | no change |
| Epr Pptys EPRPRE | 5.1K | $164,160 | 0.18% | -3.4K |
| Purecycle Technologies Inc. PCT | 19.6K | $158,705 | 0.17% | -32.2K |
| Opko Health Inc. OPK | 100.0K | $150,000 | 0.16% | -200.0K |
| Archer Aviation Inc. ACHRWS | 1.2M | $136,356 | 0.15% | -1.0M |
| Alphabet Inc. GOOGN | 2.5K | $125,675 | 0.14% | new |
| Energy Transfer LP ET | 5.0K | $95,600 | 0.10% | -5.0K |
| Urban One Inc. UONE | 15.2K | $83,079 | 0.09% | -27.8K |
| Oppfi Inc. | 1.6M | $51,208 | 0.06% | -916.3K |
| El Paso Energy Cap Trust I | 887 | $45,179 | 0.05% | -1.4K |
| I-80 Gold Corp. IAUXWS | 38.5K | $29,811 | 0.03% | no change |
| Roadzen Inc. RDZNW | 150.6K | $29,179 | 0.03% | -150.6K |
| Adam Nat Res FD Inc. PEO | 987 | $24,399 | 0.03% | -931 |
| Complete Solaria Inc. SPWRW | 11.3K | $1,773 | 0.00% | -25.2K |
| Nwtn Inc. AIIOW | 29.1K | $1,155 | 0.00% | -100.0K |
Read more
Change is shares against its 13F for the quarter before; the 22 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| B2GOLD Corp. | Calls | 792.0K | $613,800 |
| National Fuel Gas Co. | Calls | 29.9K | $243,685 |
| Symbotic Inc. SYM | Calls | 55.0K | $236,250 |
| Alphabet Inc. GOOG | Calls | 17.5K | $201,688 |
| Helen of Troy Ltd | Puts | 50.0K | $151,250 |
| iShares Inc. MSCI Germany ETF EWG | Puts | 74.5K | $132,238 |
| Five Below, Inc. FIVE | Calls | 15.0K | $89,250 |
| FIVE9 Inc. | Puts | 15.0K | $61,500 |
| Hims & Hers Health Inc. | Puts | 40.0K | $57,000 |
| SPDR S&P 500 ETF Trust | Puts | 60.5K | $47,990 |
| SPX Technologies Inc. | Puts | 4.0K | $45,480 |
| AllianceBernstein Hldg L P | Calls | 49.0K | $35,525 |
12 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.