ZAZOVE ASSOCIATES LLC Q1 2020 Filing

Filed April 29, 2020

Portfolio Value

$833.3B

Holdings

125

Report Date

Q1 2020

Filing Type

13F-HR

All Holdings (125 positions)

#	Stock	Shares	Value	% Portfolio
1	AKAM 0.125 05/01/25AKAMAI TECH	56,480,000	$63.1B	7.57%
2	—ILLUMINA INC.	50,575,000	$62.1B	7.46%
3	—KAMAN CORPORATION	63,338,000	$61.9B	7.42%
4	LMCA 1.375 10/15/23LIBERTY MEDIA	40,578,000	$39.0B	4.67%
5	—COWEN GROUP INC.	42,025,000	$38.1B	4.57%
6	PANW 0.75 07/01/23PALO ALTO NETWORKS	37,515,000	$36.1B	4.33%
7	—WORKDAY INC	28,159,000	$31.4B	3.76%
8	—BOOKING HOLDINGS	30,111,000	$30.4B	3.65%
9	—CSG SYSTEMS INTERNATIONAL INC	29,351,000	$30.1B	3.62%
10	NRG 2.75 06/01/48NRG ENERGY INC	24,515,000	$23.9B	2.87%
11	EEFT 0.75 03/15/49EURONET WORLDWIDE INC	23,495,000	$21.7B	2.60%
12	—SQUARE	19,575,000	$20.3B	2.44%
13	ATSG 1.125 10/15/24AIR TRANSPORT SERVICES GROUP	23,391,000	$20.2B	2.43%
14	SPLK 1.125 09/15/25SPLUNK	18,160,000	$20.0B	2.40%
15	—ON SEMICONDUCTOR CORP	18,762,000	$18.7B	2.25%
16	—HOPE BANCORP	19,915,000	$16.6B	1.99%
17	—SILICON LABORATORIES	13,940,000	$15.5B	1.86%
18	—FORTIVE	14,380,000	$13.4B	1.61%
19	—FLEXION THERAPEUTICS	15,828,000	$12.7B	1.53%
20	PRAA 3.5 06/01/23PRA GROUP INC.	14,464,000	$12.7B	1.52%
21	NHI 3.25 04/01/21NATIONAL HEALTH INVESTORS INC.	12,550,000	$12.6B	1.51%
22	MCHP 1.625 02/15/27MICROCHIP TECHNOLOGY INC	12,055,000	$12.5B	1.50%
23	—BOOKING HOLDINGS	10,800,000	$12.1B	1.45%
24	PSEC 6.375 03/01/25PROSPECT CAPITAL CORPORATION	12,614,000	$10.9B	1.31%
25	—GREENBRIER COMPANIES	13,440,000	$10.8B	1.30%
26	KBR 2.5 11/01/23KBR	9,990,000	$10.5B	1.26%
27	INSM 1.75 01/15/25INSMED	10,910,000	$9.2B	1.11%
28	—THERAVANCE BIOPHARMA	7,273,000	$7.2B	0.87%
29	—II-VI	7,090,000	$6.6B	0.79%
30	EXAS 0.375 03/15/27EXACT SCIENCES	7,500,000	$6.4B	0.76%
31	—TEAM	8,635,000	$6.3B	0.76%
32	—RH	7,736,000	$6.3B	0.76%
33	EXAS 0.375 03/01/28EXACT SCIENCES	7,110,000	$5.6B	0.68%
34	—ATLANTICUS HOLDINGS	7,593,000	$5.3B	0.64%
35	BMRN 0.599 08/01/24BIOMARIN PHARMACEUTICAL INC	4,450,000	$4.7B	0.56%
36	AAWW 1.875 06/01/24ATLAS AIR WORLDWIDE HOLDINGS	5,558,000	$4.5B	0.54%
37	—COLONY CAPITAL	4,963,000	$4.0B	0.48%
38	CMLSCUMULUS MEDIA INC	671,080	$3.6B	0.43%
39	TK 5 01/15/23TEEKAY	4,221,000	$3.5B	0.42%
40	ILMN 0 08/15/23ILLUMINA INC	3,500,000	$3.4B	0.41%
41	—ISTAR INC	3,500,000	$3.4B	0.41%
42	UONEURBAN ONE CLASS D	3,366,321	$3.3B	0.40%
43	—SHIP FINANCE INTERNATIONAL	3,545,000	$3.2B	0.38%
44	FLG 6 11/01/51NEW YORK COMMUNITY BANCORP TRUST	73,311	$3.1B	0.37%
45	MLAB 1.375 08/15/25MESA LABORATORIES	2,910,000	$3.0B	0.36%
46	—FIRST MAJESTIC SILVER	2,730,000	$2.7B	0.32%
47	—JOHNSON AND JOHNSON	1,500,000	$2.7B	0.32%
48	DXCM 0.75 12/01/23DEXCOM	1,500,000	$2.6B	0.31%
49	—EMMIS COMMUNICATIONS	1,229,076	$2.5B	0.30%
50	—NANTHEALTH	2,795,000	$2.4B	0.29%
51	—CLEVELAND-CLIFFS	3,360,000	$2.3B	0.28%
52	—HELIX ENERGY SOLUTIONS GROUP	3,489,000	$2.3B	0.28%
53	XEVVXEATON VANCE LIMITED DURATION INCOME FUND	217,221	$2.3B	0.28%
54	—BLUEKNIGHT ENERGY PARTNERS	2,600,000	$2.3B	0.27%
55	—HUBSPOT	1,500,000	$2.2B	0.27%
56	—REALPAGE	1,500,000	$2.0B	0.25%
57	—HOSTESS BRANDS	3,534,461	$2.0B	0.24%
58	MELI 2 08/15/28MERCADOLIBRE	1,500,000	$2.0B	0.23%
59	—TPG SPECIALTY LENDING INC.	2,000,000	$1.8B	0.22%
60	—SUTTER ROCK CAPITAL CORP	1,887,000	$1.8B	0.21%
61	WDC 1.5 02/01/24WESTERN DIGITAL CORP	2,000,000	$1.8B	0.21%
62	—INVITATION HOMES	1,560,000	$1.7B	0.20%
63	—PRETIUM RESOURCES	1,750,000	$1.6B	0.19%
64	ECOLUS ECOLOGY	51,441	$1.6B	0.19%
65	—DOCUSIGN	1,100,000	$1.6B	0.19%
66	XJQCXNUVEEN CREDIT STRATEGIES INCOME FUND	272,805	$1.5B	0.19%
67	—SEACOR HOLDING INC	1,525,000	$1.5B	0.18%
68	—US ECOLOGY	330,587	$1.5B	0.17%
69	—MERITOR	1,635,000	$1.4B	0.17%
70	—MICROCHIP TECHNOLOGY INCORPORATED	1,500,000	$1.4B	0.17%
71	CCOCLEAR CHANNEL HOLDINGS INC	1,970,000	$1.3B	0.15%
72	—CYPRESS SEMICONDUCTOR CORPORATION	1,000,000	$1.2B	0.14%
73	GDLGDL FUND	152,618	$1.2B	0.14%
74	BAC 7.25 PERP LBANK OF AMERICA	883	$1.1B	0.14%
75	—LENDINGTREE INC	1,000,000	$1.1B	0.13%
76	SPLK 0.5 09/15/23SPLUNK	1,030,000	$1.1B	0.13%
77	AMANTERO MIDSTREAM	519,200	$1.1B	0.13%
78	—UNISYS	780,000	$1.1B	0.13%
79	LITE 0.25 03/15/24LUMENTUM HOLDINGS	775,000	$1.1B	0.13%
80	—RH	1,000,000	$1.0B	0.13%
81	KYNKAYNE ANDERSON MLP INVESTMENT COMPANY	284,482	$1.0B	0.12%
82	DISH 3.375 08/15/26DISH NETWORK	1,250,000	$1.0B	0.12%
83	EZPW 2.875 07/01/24EZCORP INC	1,250,000	$1.0B	0.12%
84	—WILLSCOT CORPORATION	92,219	$934.0M	0.11%
85	—TEVA PHARM	987,000	$928.0M	0.11%
86	USACUSA COMPRESSION PARTNERS	162,957	$922.0M	0.11%
87	W 1.125 11/01/24WAYFAIR INC	1,250,000	$883.0M	0.11%
88	WFC 7.5 PERP LWELLS FARGO AND COMPANY	681	$871.0M	0.10%
89	—DYCOM INDUSTRIES INC	1,000,000	$864.0M	0.10%
90	—MACQUARIE INFRASTRUCTURE	1,025,885	$846.0M	0.10%
91	LINTA 3.75 02/15/30LIBERTY MEDIA	1,266,000	$823.0M	0.10%
92	DISH 2.375 03/15/24DISH NETWORK	1,000,000	$821.0M	0.10%
93	—ALTAIR ENGINEERING	863,000	$767.0M	0.09%
94	—READY CAPITAL	46,500	$692.0M	0.08%
95	RLJ 1.95 PERP ARLJ LODGING TRUST	39,087	$688.0M	0.08%
96	KYNKAYNE ANDERSON MIDSTREAM/ENERGY FUND	202,441	$674.0M	0.08%
97	MDIAMEDIACO HOLDING	147,711	$626.0M	0.08%
98	—COLONY CAPITAL	351,824	$616.0M	0.07%
99	BHR 5.5 PERP bBRAEMAR HOTELS AND RESORTS	104,390	$592.0M	0.07%
100	RGENREPLIGEN	500,000	$527.0M	0.06%

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