ZAZOVE ASSOCIATES LLC
Q3 2023 Form 13-F
INCLINE VILLAGE, NEVADA
CIK 0001009012
· CRD 104751
· SEC-registered investment adviser
$964.2M Reported Value Total
ZAZOVE ASSOCIATES LLC reports 82 total accounts under management (AUM). There are 82 discretionary accounts valued at $2,278,112,186, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
7 funds
· $393.6M gross asset value
Hedge Fund: $393.6M
Source: Form ADV filed 2026-04-29
Reported value
$964.2M
Quarter over quarter
-6.1%
Holdings
65
Top-10 concentration
44.7%
Filing Structure
Reports holdings for
- Asset Allocation & Management Company LLC · File #028-20383 · Q1 2024 – Q1 2026 · declared by one filing
Key People
Form ADV owners & control persons
Gene Thomas Pretti
PRESIDENT; CHAIRMAN
Robert Ryan Shelby
MANAGING PARTNER/MEMBER
Lamiaa Dukaj
CHIEF COMPLIANCE OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q3 2023 13F record
Q3 2023 13F filing summary
| Period of report | September 30, 2023 |
|---|---|
| Filed | October 31, 2023 |
| Form | 13F-HR |
| Reported value | $964.2M |
| Positions | 65 |
| Change in reported value | -12.1% |
| New positions | 16 |
| Exited positions | 100 |
| Position turnover | 70.3% |
| Top-10 concentration | 44.7% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Jul 16, 2026
|
46 | $1.2B |
|
Q1 2026 13F
Filed Jun 15, 2026
|
64 | $1.2B |
|
Q4 2025 13F
Filed Feb 18, 2026
|
70 | $1.2B |
|
Q3 2025 13F
Filed Oct 17, 2025
|
56 | $1.1B |
|
Q2 2025 13F
Filed Aug 12, 2025
|
50 | $1.2B |
|
Q1 2025 13F
Filed May 13, 2025
|
48 | $1.2B |
|
Q4 2024 13F
Filed Feb 13, 2025
|
45 | $1.0B |
|
Q3 2024 13F
Filed Nov 13, 2024
|
47 | $935.2M |
|
Q2 2024 13F
Filed Aug 14, 2024
|
53 | $876.7M |
|
Q1 2024 13F
Filed May 7, 2024
|
52 | $754.4M |
|
Q4 2023 13F
Filed Jan 31, 2024
|
55 | $804.0M |
|
Q3 2023 13F
Filed Oct 31, 2023
|
65 | $964.2M |
|
Q2 2023 13F
Filed Aug 7, 2023
|
59 | $1.1B |
|
Q1 2023 13F
Filed May 4, 2023
|
65 | $1.1B |
|
Q4 2022 13F
Filed Jan 31, 2023
|
67 | $1.1B |
|
Q3 2022 13F
Filed Oct 24, 2022
|
71 | $1.1B |
|
Q2 2022 13F
Filed Dec 6, 2022
|
83 | $1.1B |
|
Q1 2022 13F
Filed Apr 22, 2022
|
73 | $1.1B |
|
Q3 2021 13F
Filed Oct 25, 2021
|
53 | $1.1B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SSRMCN 2.5 04/01/39 SSR MINING IN | $77.3M | 8.02% |
| 2 | LUV SOUTHWEST AIRLS CO | $62.5M | 6.48% |
| 3 | PSN 0.25 08/15/25 PARSONS CORP DEL | $51.3M | 5.32% |
| 4 | JAZZ 2 06/15/26 JAZZ INVESTMENTS I LTD | $49.7M | 5.15% |
| 5 | NRG 2.75 06/01/48 NRG ENERGY INC | $41.7M | 4.32% |
| 6 | SEDG 0 09/15/25 SOLAREDGE TECHNOLOGIES INC | $32.2M | 3.34% |
| 7 | MGPI 1.875 11/15/41 MGP INGREDIENTS INC NEW | $32.0M | 3.32% |
| 8 | ARCC 4.625 03/01/24 ARES CAPITAL CORP | $30.2M | 3.14% |
| 9 | MIDD 1 09/01/25 MIDDLEBY CORP | $29.0M | 3.01% |
| 10 | CYBR 0 11/15/24 CYBERARK SOFTWARE LTD | $25.1M | 2.6% |
| 11 | KAMN 3.25 05/01/24 KAMAN CORP | $23.8M | 2.47% |
| 12 | TYL 0.25 03/15/26 TYLER TEX INDPT SCH DIST | $22.1M | 2.29% |
| 13 | DXCM 0.25 11/15/25 DEXCOM INC | $21.5M | 2.23% |
| 14 | F 0 03/15/26 FORD MTR CO DEL | $20.7M | 2.15% |
| 15 | JBTM 0.25 05/15/26 JOHN BEAN TECHNOLOGIES CORP | $20.5M | 2.13% |
| 16 | AKAM 0.375 09/01/27 AKAMAI TECHNOLOGIES INC | $19.7M | 2.04% |
| 17 | ALNY 1 09/15/27 ALNYLAM PHARMACEUTICALS INC | $19.4M | 2.01% |
| 18 | OXYWS OCCIDENTAL PETE CORP | $19.2M | 1.99% |
| 19 | BHR 4.5 06/01/26 BRAEMAR HOTELS & RESORTS INC | $19.1M | 1.98% |
| 20 | PEB 1.75 12/15/26 PEBBLEBROOK HOTEL TR | $18.3M | 1.9% |
Values as reported on the Q3 2023 Form 13F. Every position is in the holdings table below.