ZAZOVE ASSOCIATES LLC Q4 2025 Filing

Filed February 18, 2026

Portfolio Value

$1.2T

Holdings

160

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (160 positions)

#StockSharesValue% PortfolioType
101420,000$397.0M0.03%
102
ZD 3.625 03/01/28ZIFF DAVIS INC
404,000$396.0M0.03%
103
ENPH 0 03/01/26ENPHASE ENERGY INC
400,000$396.0M0.03%
104
JBLU 0.5 04/01/26JETBLUE AIRWAYS CORP
400,000$393.0M0.03%
105
CBRL 0.625 06/15/26CRACKER BARREL OLD CTRY STOR
400,000$389.0M0.03%
106
PMT 5.5 03/15/26PENNYMAC CORP
382,000$382.0M0.03%
107
BXMT 5.5 03/15/27BLACKSTONE MORTGAGE TRUST IN
385,000$382.0M0.03%
108
HAE 0 03/01/26HAEMONETICS CORP MASS
382,000$378.0M0.03%
109
OIS 4.75 04/01/26OIL STS INTL INC
375,000$376.0M0.03%
110
CABO 0 03/15/26CABLE ONE INC
353,000$348.0M0.03%
111
HDSNHUDSON TECHNOLOGIES INC
50,000$342.0M0.03%
112
PBFPBF ENERGY INC
100,000$325.0M0.03%
113
DKDELEK US HLDGS INC NEW
115,000$315.0M0.03%
114
GEVGE VERNOVA INC
5,000$298.0M0.03%
115
SYMSYMBOTIC INC
5,000$297.0M0.03%
116
SVMSILVERCORP METALS INC
34,500$287.0M0.02%
117
WFC 7.5 PERP LWELLS FARGO CO NEW
220$267.0M0.02%
118
ENPH 0 03/01/28ENPHASE ENERGY INC
300,000$262.0M0.02%
119
MTN 0 01/01/26VAIL RESORTS INC
260,000$259.0M0.02%
120
VAC 0 01/15/26MARRIOTT VACATIONS WORLDWIDE
260,000$259.0M0.02%
121
CABO 1.125 03/15/28CABLE ONE INC
310,000$255.0M0.02%
122
AEIS 2.5 09/15/28ADVANCED ENERGY INDS
150,000$246.0M0.02%
123
BKVBKV CORP
50,000$240.0M0.02%
124242,000$237.0M0.02%
125
ALLIANCEBERNSTEIN HLDG L P
63,300$237.0M0.02%
126
RLJ 1.95 PERP ARLJ LODGING TR
9,266$231.0M0.02%
127
PCTPURECYCLE TECHNOLOGIES INC
25,869$222.0M0.02%
128
ISHARES INC
300,000$217.0M0.02%
129
COIN 0.5 06/01/26COINBASE GLOBAL INC
200,000$199.0M0.02%
130
OPKOPKO HEALTH INC
150,000$189.0M0.02%
131
SYMSYMBOTIC INC
17,000$168.0M0.01%
132
AMPX/WSAMPRIUS TECHNOLOGIES INC
61,891$160.0M0.01%
133
ULSUL SOLUTIONS INC
20,000$145.0M0.01%
134150,000$144.0M0.01%
135
TXG10X GENOMICS INC
60,000$139.0M0.01%
136
RNG 0 03/15/26RINGCENTRAL INC
134,000$132.0M0.01%
137115,000$113.0M0.01%
138
INN 1.5 02/15/26SUMMIT HOTEL PPTYS
100,000$99.0M0.01%
139
EQXEQUINOX GOLD CORP
25,000$97.0M0.01%
140
EPR 9 PERP EEPR PPTYS
2,983$89.0M0.01%
141
PSNPARSONS CORP DEL
25,000$85.0M0.01%
142
ETENERGY TRANSFER L P
5,000$82.0M0.01%
14384,000$81.0M0.01%
144
SVMSILVERCORP METALS INC
68,700$77.0M0.01%
145
HLTHILTON WORLDWIDE HLDGS INC
12,500$76.0M0.01%
146
BKD 3.5 10/15/29BROOKDALE SR LIVING INC
50,000$69.0M0.01%
147
KMI 4.75 03/31/28EL PASO ENERGY CAP TR I
1,121$55.0M0.00%
148
GCTS/WSGCT SEMICONDUCTOR HLDG INC
611,744$50.0M0.00%
149
PSQH/WSPSQ HOLDINGS INC
491,935$46.0M0.00%
150
GENERAL MLS INC
25,000$43.0M0.00%
151
RDZNROADZEN INC
150,602$41.0M0.00%
152
SPYSPDR S&P 500 ETF TR
59,500$32.0M0.00%
153
LANVIN GROUP HOLDINGS LIMITE
1,334,846$21.0M0.00%
154
PEOADAM NAT RES FD INC
950$20.0M0.00%
155
AUROWAURORA INNOVATION INC
67,700$15.0M0.00%
156
AIRJWAIRJOULE TECHNOLOGIES CORP
15,700$14.0M0.00%
157
LINTA 3.75 02/15/30LIBERTY MEDIA CORP DEL
220,000$13.0M0.00%
158
CVNACARVANA CO
3,000$11.0M0.00%
159
SPWRWSUNPOWER INC
25,171$6.0M0.00%
160
AIIOROBO.AI INC.
64,571$3.0M0.00%
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