ZAZOVE ASSOCIATES LLC
Q4 2023 Form 13-F
INCLINE VILLAGE, NEVADA
CIK 0001009012
· CRD 104751
· SEC-registered investment adviser
$804.0M Reported Value Total
ZAZOVE ASSOCIATES LLC reports 82 total accounts under management (AUM). There are 82 discretionary accounts valued at $2,286,673,248, 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
$804.0M
Quarter over quarter
-7.0%
Holdings
55
Top-10 concentration
53.1%
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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Q4 2023 13F record
Q4 2023 13F filing summary
| Period of report | December 31, 2023 |
|---|---|
| Filed | January 31, 2024 |
| Form | 13F-HR |
| Reported value | $804.0M |
| Positions | 55 |
| Change in reported value | -16.6% |
| New positions | 2 |
| Exited positions | 100 |
| Position turnover | 65.8% |
| Top-10 concentration | 53.1% |
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 · Q4 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SSRMCN 2.5 04/01/39 SSR MINING IN | $72.2M | 8.98% |
| 2 | LUV SOUTHWEST AIRLS CO | $62.3M | 7.74% |
| 3 | JAZZ 2 06/15/26 JAZZ INVESTMENTS I LTD | $48.2M | 6.0% |
| 4 | MGPI 1.875 11/15/41 MGP INGREDIENTS INC NEW | $45.3M | 5.64% |
| 5 | F 0 03/15/26 FORD MTR CO DEL | $44.6M | 5.55% |
| 6 | NRG 2.75 06/01/48 NRG ENERGY INC | $35.6M | 4.42% |
| 7 | ARCC 4.625 03/01/24 ARES CAPITAL CORP | $35.2M | 4.38% |
| 8 | MIDD 1 09/01/25 MIDDLEBY CORP | $31.6M | 3.94% |
| 9 | PSN 0.25 08/15/25 PARSONS CORP DEL | $26.4M | 3.29% |
| 10 | JBTM 0.25 05/15/26 JOHN BEAN TECHNOLOGIES CORP | $25.6M | 3.18% |
| 11 | ALNY 1 09/15/27 ALNYLAM PHARMACEUTICALS INC | $22.8M | 2.83% |
| 12 | TYL 0.25 03/15/26 TYLER TEX INDPT SCH DIST | $22.5M | 2.8% |
| 13 | ASND 2.25 04/01/28 ASCENDIS PHARMA A/S | $18.8M | 2.33% |
| 14 | DXCM 0.25 11/15/25 DEXCOM INC | $18.7M | 2.33% |
| 15 | BHR 4.5 06/01/26 BRAEMAR HOTELS & RESORTS INC | $17.8M | 2.21% |
| 16 | PETQ 4 06/01/26 PETIQ INC | $17.0M | 2.11% |
| 17 | AKAM 0.375 09/01/27 AKAMAI TECHNOLOGIES INC | $15.8M | 1.96% |
| 18 | IMAX 0.5 04/01/26 IMAX CORP | $15.3M | 1.91% |
| 19 | VREX 4 06/01/25 VAREX IMAGING CORP | $14.7M | 1.83% |
| 20 | KAMN 3.25 05/01/24 KAMAN CORP | $13.0M | 1.62% |
Values as reported on the Q4 2023 Form 13F. Every position is in the holdings table below.