ZAZOVE ASSOCIATES LLC Q3 2021 Filing

Filed October 25, 2021

Portfolio Value

$1.1B

Holdings

154

Report Date

Q3 2021

Filing Type

13F-HR

All Holdings (154 positions)

#	Stock	Shares	Value	% Portfolio
1	AKAM 0.375 09/01/27AKAMAI TECH	65,375,000	$71.6M	6.26%
2	LMCA 1.375 10/15/23LIBERTY MEDIA	45,993,000	$62.8M	5.49%
3	—KAMAN CORPORATION	59,834,000	$60.9M	5.32%
4	PXD 0.25 05/15/25PIONEER NATURAL RESOURCES	37,205,000	$60.1M	5.26%
5	JAZZ 2 06/15/26JAZZ INVESTMENTS I	37,190,000	$43.0M	3.76%
6	—INTERDIGITAL, INC	33,056,000	$35.8M	3.13%
7	CNX 2.25 05/01/26CNX RESOURCES	27,548,000	$34.4M	3.01%
8	ILMN 0 08/15/23ILLUMINA INC	29,290,000	$34.4M	3.01%
9	PENG 2.25 02/15/26SMART GLOBAL HOLDINGS	25,240,000	$33.2M	2.90%
10	PEB 1.75 12/15/26PEBBLEBROOK HOTEL TRUST	24,170,000	$27.1M	2.37%
11	EEFT 0.75 03/15/49EURONET WORLDWIDE INC	24,340,000	$27.0M	2.36%
12	LITE 0.5 12/15/26LUMENTUM HOLDINGS	23,747,000	$26.1M	2.28%
13	SEALTD 0.25 09/15/26SEA LIMITED	24,650,000	$25.0M	2.18%
14	ATSG 1.125 10/15/24AIR TRANSPORT SERVICES GROUP	22,971,000	$24.8M	2.16%
15	PSN 0.25 08/15/25PARSONS	21,610,000	$21.7M	1.90%
16	SPLK 1.125 06/15/27SPLUNK	20,665,000	$20.6M	1.80%
17	RVNC 1.75 02/15/27REVANCE THERAPEUTICS	15,910,000	$18.3M	1.60%
18	PDD 0 12/01/25PINDUODUO	18,055,000	$16.8M	1.47%
19	UONEURBAN ONE	2,413,966	$16.4M	1.44%
20	MIDD 1 09/01/25MIDDLEBY	11,495,000	$16.4M	1.44%
21	COUP 0.375 06/15/26COUPA SOFTWARE	14,850,000	$16.1M	1.41%
22	VATE 7.5 08/01/26 *HC2 HOLDINGS	12,363,000	$15.2M	1.33%
23	—ZYNGA	13,275,000	$15.2M	1.33%
24	WGO 1.5 04/01/25WINNEBAGO INDUSTRIES	11,264,000	$15.0M	1.31%
25	NRG 2.75 06/01/48NRG ENERGY, INC	12,390,000	$14.6M	1.27%
26	PETQ 4 06/01/26PETIQ INC	11,903,000	$14.2M	1.24%
27	—FLEXION THERAPEUTICS	15,688,000	$14.0M	1.23%
28	MLAB 1.375 08/15/25MESA LABORATORIES	11,112,000	$13.6M	1.19%
29	SSRMCN 2.5 04/01/39SSR MINING	11,573,000	$13.2M	1.16%
30	CMLSCUMULUS MEDIA INC	1,022,793	$12.6M	1.10%
31	RNG 0 03/15/26RINGCENTRAL	13,380,000	$12.5M	1.10%
32	—SIXTH STREET SPECIALTY LENDING	9,595,000	$11.4M	1.00%
33	INN 1.5 02/15/26SUMMIT HOTEL PROPERTIES	10,300,000	$10.9M	0.95%
34	ONEM 3 06/15/251LIFE HEALTHCARE	11,200,000	$10.7M	0.93%
35	WDC 1.5 02/01/24WESTERN DIGITAL CORP	10,425,000	$10.5M	0.92%
36	—HELIX ENERGY SOLUTIONS GROUP	9,829,000	$10.3M	0.90%
37	AKAM 0.125 05/01/25AKAMAI TECH	8,310,000	$10.1M	0.88%
38	CYBR 0 11/15/24CYBERARK SOFTWARE	8,439,000	$10.0M	0.88%
39	SEDG 0 09/15/25SOLAREDGE TECHNOLOGIES	7,500,000	$9.3M	0.81%
40	BHRBRAEMAR HOTELS & RESORTS	1,730,181	$8.4M	0.73%
41	—ARES CAPITAL CORPORATION	7,750,000	$8.4M	0.73%
42	OKTA 0.375 06/15/26OKTA	6,556,000	$8.0M	0.70%
43	INSM 0.75 06/01/28INSMED	7,105,000	$7.8M	0.68%
44	—BLUEKNIGHT ENERGY PARTNERS	2,402,670	$7.3M	0.64%
45	PSEC 6.375 03/01/25PROSPECT CAPITAL CORPORATION	6,580,000	$7.3M	0.64%
46	—HOPE BANCORP	6,386,000	$6.3M	0.55%
47	CCOCLEAR CHANNEL HOLDINGS, INC	2,227,044	$6.0M	0.53%
48	NEO 0.25 01/15/28NEOGENOMICS	5,915,000	$6.0M	0.52%
49	OXY/WSOCCIDENTAL PETROLEUM	500,000	$5.9M	0.52%
50	ARCC 4.625 03/01/24ARES CAPITAL CORP	5,161,000	$5.7M	0.50%
51	VREX 4 06/01/25VAREX IMAGING	3,236,000	$5.0M	0.44%
52	TK 5 01/15/23TEEKAY	4,860,000	$4.8M	0.42%
53	AAWW 1.875 06/01/24ATLAS AIR WORLDWIDE HOLDINGS, INC	3,279,000	$4.8M	0.42%
54	LUV 1.25 05/01/25SOUTHWEST AIRLINES	3,110,000	$4.6M	0.41%
55	RNG 0 03/01/25RINGCENTRAL	4,462,000	$4.4M	0.39%
56	RVNCEURREVANCE THERAPEUTICS	140,430	$3.9M	0.34%
57	CAKE 0.375 06/15/26CHEESECAKE FACTORY	3,950,000	$3.8M	0.33%
58	LRN 1.125 09/01/27STRIDE	3,775,000	$3.8M	0.33%
59	—BEAUTY HEALTH	258,380	$3.7M	0.33%
60	KYNKAYNE ANDERSON MLP INVESTMENT COMPANY	433,088	$3.5M	0.30%
61	PANW 0.375 06/01/25PALO ALTO NETWORKS	2,000,000	$3.3M	0.29%
62	SPLK 0.5 09/15/23SPLUNK	2,550,000	$3.0M	0.26%
63	LSEALANDSEA HOMES	318,796	$2.8M	0.24%
64	PANW 0.75 07/01/23PALO ALTO NETWORKS	1,500,000	$2.7M	0.24%
65	PD 1.25 07/01/25PAGERDUTY	2,000,000	$2.6M	0.22%
66	USACUSA COMPRESSION PARTNERS	151,715	$2.5M	0.22%
67	SAVE 1 05/15/26SPIRIT AIRLINES	2,545,000	$2.4M	0.21%
68	EYE 2.5 05/15/25NATIONAL VISION HOLDINGS	1,250,000	$2.4M	0.21%
69	AMANTERO MIDSTREAM	225,000	$2.3M	0.20%
70	—FLEXION THERAPEUTICS	368,456	$2.2M	0.20%
71	KYNKAYNE ANDERSON MIDSTREAM/ENERGY FUND	295,073	$2.1M	0.19%
72	—ALIGHT	690,340	$2.1M	0.19%
73	PFIXSIMPLIFY INTEREST RATE HEDGE	52,380	$2.1M	0.19%
74	—MERITOR	2,000,000	$2.1M	0.19%
75	VSH 2.25 06/15/25VISHAY INTERTECHNOLOGY, INC.	2,000,000	$2.1M	0.18%
76	LILAK 2 07/15/24LIBERTY LATIN AMERICA	2,000,000	$2.0M	0.18%
77	NVRO 2.75 04/01/25NEVRO CORP	1,500,000	$2.0M	0.18%
78	KBR 2.5 11/01/23KBR	1,250,000	$2.0M	0.18%
79	XJQCXNUVEEN CREDIT STRATEGIES INCOME FUND	291,105	$1.9M	0.17%
80	—DIGITALBRIDGE GROUP	1,853,000	$1.9M	0.17%
81	—BAOZUN	2,000,000	$1.9M	0.16%
82	GDLGDL FUND	203,318	$1.8M	0.16%
83	—HARMONIC INC	1,500,000	$1.8M	0.16%
84	FLG 6 11/01/51NEW YORK COMMUNITY BANCORP TRUST	34,230	$1.8M	0.16%
85	EB 5 12/01/25EVENTBRITE	1,000,000	$1.7M	0.15%
86	—HOSTESS BRANDS	578,546	$1.7M	0.15%
87	GMED 0.375 03/15/25NUVASIVE, INC	1,710,000	$1.7M	0.15%
88	IART 0.5 08/15/25INTEGRA LIFESCIENCES HOLDINGS	1,500,000	$1.7M	0.14%
89	SHOPCN 0.125 11/01/25SHOPIFY	1,340,000	$1.6M	0.14%
90	PCRX 0.75 08/01/25PACIRA BIOSCIENCES	1,500,000	$1.6M	0.14%
91	SPLK 1.125 09/15/25SPLUNK	1,290,000	$1.6M	0.14%
92	—MARRIOTT VACATIONS WORLDWIDE CORP	1,319,000	$1.6M	0.14%
93	—NISOURCE	14,560	$1.5M	0.13%
94	UGI 7.25 06/01/24UGI	15,000	$1.5M	0.13%
95	—CORENERGY INFRASTRUCTURE TRUST	1,575,000	$1.5M	0.13%
96	AQNCN 7.75 06/15/24ALGONQUIN POWER AND UTILITIES	27,700	$1.3M	0.12%
97	—KNOWLES CORP	1,250,000	$1.3M	0.11%
98	OIS 1.5 02/15/23OIL STATES INTERNATIONAL INC.	1,350,000	$1.3M	0.11%
99	EOSEWEOS ENERGY ENTERPRISES	253,067	$1.3M	0.11%
100	—SHIP FINANCE INTERNATIONAL	1,225,000	$1.2M	0.11%

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