Zeno Equity Partners LLP

CIK 2013334 · View on SEC EDGAR ↗

Portfolio value
$269.0M
#5,506 of 9,443 by 13F value · top 58.3%
Positions
16
As of
June 30, 2026

Portfolio value QoQ: +9.2% 13F does not disclose cash

Top 10 holdings weight
88.05%
Top 25 holdings weight
100.00%
Positions above 1%
15
Effective number of positions
10.8

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 8.88% Est. buys $31,366,156 · sells $22,879,949

Median holding: 5.0 quarters Tracked Q4 2024–Q2 2026 · 76.2% still held

New positions
3
Increased
4
Decreased
7
Closed
3
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
-11.8%
S&P 500 total return (same window)
+28.1%
Excess return
-39.9%

Annualized: -8.1% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 92.9% · Options excluded: 0.0%

Sector breakdown

Healthcare
17.8%
Materials
10.9%
Consumer products
10.9%
Financial Services
10.1%
Retail
9.5%
Energy
8.8%
Technology
7.2%
Financials
6.6%
Industrials
5.2%
Utilities
3.4%
Communication Services
1.0%
Other/Unmapped
8.5%

Full portfolio 16 positions

Type Streak 8Q trend
DHR Danaher Corporation Common Stock $47,916,006 17.81% 251,554 $851,598 Up ×2
LIN Linde plc - Ordinary Shares $29,292,087 10.89% 56,446 $-1,005,790 Down ×2
AMZN Amazon.com, Inc. - Common Stock $25,504,048 9.48% 107,007 $-3,951,578 Down ×1
VIST Vista Energy S.A.B. de C.V. American Depositary Shares, each representing one series A share, with no par value $23,606,766 8.78% 370,012 $1,696,240 Up ×1
HEIA $22,718,002 8.45% 88,085 $3,668,185 Down ×2
WALD Waldencast plc - Class A Ordinary Share $21,564,541 8.02% 12,252,580 $9,928,266
DSGX The Descartes Systems Group Inc. - Common Stock $19,358,188 7.20% 279,581 $-1,139,673 Down ×1
PAX Patria Investments Limited - Class A Common Shares $18,680,746 6.94% 1,701,343 $1,676,051 Up ×2
ITUB Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) $17,838,100 6.63% 2,183,366 $-907,675 Down ×1
VMC Vulcan Materials Company (Holding Company) Common Stock $10,365,176 3.85% 35,135 Up ×1
PAM Pampa Energia S.A. $9,265,578 3.44% 112,816 $-963,695 Down ×1
V Visa Inc. $8,425,261 3.13% 24,557
SGI Somnigroup International Inc. Common Stock $7,742,470 2.88% 98,756 $-9,510,014 Down ×2
RYAAY Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares $3,700,139 1.38% 57,145 $589,863 Up ×1
SPOT Spotify Technology S.A. Ordinary Shares $2,780,032 1.03% 6,055 Up ×1
WALDW Waldencast plc - Warrant $229,471 0.09% 4,892,767 $53,331

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
VMC $10,365,176 35,135 3.85%
V $8,425,261 24,557 3.13%
SPOT $2,780,032 6,055 1.03%

Top movers (QoQ)

Security Action Shares Δ Value Δ
WALD Price move only +0 +$9.9M
SGI Trimmed -135K -$9.5M
AMZN Trimmed -34K -$4.0M
HEIA Trimmed -2K +$3.7M
VIST Bought more +80K +$1.7M
PAX Bought more +352K +$1.7M
DSGX Trimmed -7K -$1.1M
LIN Trimmed -5K -$1.0M
PAM Trimmed -3K -$964K
ITUB Trimmed -54K -$908K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
DSGX March 31, 2025 256,149 $29,098,526 -22.7%
APPF June 30, 2025 88,789 $19,524,701 -5.7%
MEDP June 30, 2025 62,304 $18,983,406 96.8%
TXN March 31, 2026 91,686 $15,906,604 37.0%
GE Sept. 30, 2025 53,530 $13,778,087 17.4%
V March 31, 2026 35,441 $12,429,513 21.6%
ITUB Sept. 30, 2025 556,222 $3,802,435 2.9%
APH March 31, 2026 27,087 $3,665,277 21.6%