§ 13F · FUND PROFILE
ZAZOVE ASSOCIATES LLC.
Institutional filer · behavioral pattern: Other. Summary pending.
AUM · $1168.3T (13F)Positions · 156Turnover · — · Q4Filed · Feb 18, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
+$1161.3T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 18, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | DUK 4.125 04/15/26 | DUKE ENERGY CORP NEW | 61.11M | $63.0T | 5.4% | NEW |
| 2 | TTEK 2.25 08/15/28 | TETRA TECH INC NEW | 56.88M | $61.8T | 5.3% | NEW |
| 3 | TYL 0.25 03/15/26 | TYLER TEX INDPT SCH DIST | 60.95M | $61.8T | 5.3% | NEW |
| 4 | PSN 2.625 03/01/29 | PARSONS CORP DEL | 59.24M | $61.2T | 5.3% | NEW |
| 5 | VTR 3.75 06/01/26 | VENTAS RLTY LTD PARTNERSHIP | 42.17M | $59.8T | 5.2% | NEW |
| 6 | SPOT 0 03/15/26 | SPOTIFY USA INC | 49.28M | $56.1T | 4.8% | NEW |
| 7 | MKSI 1.25 06/01/30 | MKS INC. | 41.18M | $52.7T | 4.5% | NEW |
| 8 | FLR 1.125 08/15/29 | FLUOR CORP | 39.93M | $45.7T | 3.9% | NEW |
| 9 | NTNX 0.25 10/01/27 | NUTANIX INC | 30.98M | $34.9T | 3.0% | NEW |
| 10 | ITRI 1.375 07/15/30 | ITRON INC | 33.87M | $34.3T | 3.0% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE ZAZOVE SIGNAL
AC read
ZAZOVE ASSOCIATES LLC is a Other fund managing $1168338.6 trillion in assets. The fund runs a portfolio of 156 positions.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed