ZAZOVE ASSOCIATES LLC
Q2 2026 Form 13-F

INCLINE VILLAGE, NEVADA
CIK 0001009012 · CRD 104751 · SEC-registered investment adviser
$1.2B Reported Value Total

ZAZOVE ASSOCIATES LLC reports 72 total accounts under management (AUM). There are 72 discretionary accounts valued at $1,965,261,712, 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.
SEC Registered Discretionary Manager
Private funds (Form ADV)
7 funds · $393.6M gross asset value
Hedge Fund: $393.6M
Source: Form ADV filed 2026-04-29
Reported value
$1.2B
Quarter over quarter
+5.3%
Holdings
46
Top-10 concentration
39.5%

Filing Structure

Reports holdings for

Key People

Form ADV owners & control persons
Gene Thomas Pretti
PRESIDENT; CHAIRMAN
Robert Ryan Shelby
MANAGING PARTNER/MEMBER
Lamiaa Dukaj
CHIEF COMPLIANCE OFFICER

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Q2 2026 13F record

Q2 2026 13F filing summary

Q2 2026 Form 13F portfolio summary
Period of report June 30, 2026
Filed July 16, 2026
Form 13F-HR
Reported value $1.2B
Positions 46
Change in reported value +1.4%
New positions 4
Exited positions 159
Position turnover 79.5%
Top-10 concentration 39.5%

13F filings by quarter

Form 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 · Q2 2026

Largest Q2 2026 13F positions by reported value
# Holding Reported value % of portfolio
1 TTEK 2.25 08/15/28 TETRA TECH INC NEW $62.4M 5.1%
2 PSN 2.625 03/01/29 PARSONS CORP DEL $56.9M 4.64%
3 SO 4.5 06/15/27 SOUTHERN CO $54.9M 4.49%
4 BABA 0.5 06/01/31 ALIBABA GROUP HLDG LTD $54.1M 4.42%
5 FLR 1.125 08/15/29 FLUOR CORP $50.1M 4.09%
6 BACPRL BANK OF AMER CORP $45.1M 3.68%
7 ITRI 1.375 07/15/30 ITRON INC $43.3M 3.53%
8 BAC 0.6 05/25/27 MTN BOFA FIN LLC $40.3M 3.29%
9 CYBR 0 06/15/30 CYBERARK SOFTWARE LTD $39.0M 3.18%
10 NTNX 0.25 10/01/27 NUTANIX INC $37.9M 3.1%
11 UBER 0.875 12/01/28 2028 UBER TECHNOLOGIES INC $37.2M 3.04%
12 NET 0 06/15/30 CLOUDFLARE INC $35.2M 2.87%
13 PPL 2.875 03/15/28 PPL CAP FDG INC $31.6M 2.58%
14 GWRE 1.25 11/01/29 GUIDEWIRE SOFTWARE INC $31.0M 2.53%
15 BKD 2 10/15/26 BROOKDALE SR LIVING INC $28.6M 2.33%
16 RVMD 0.5 05/01/33 REVOLUTION MEDICINES INC $27.7M 2.26%
17 RGEN 1 12/15/28 REPLIGEN CORP $27.0M 2.21%
18 AVAV 0 07/15/30 AEROVIRONMENT INC $26.8M 2.19%
19 MCHP 0.75 06/01/30 MICROCHIP TECHNOLOGY INC. $26.2M 2.14%
20 EVRG 4.5 12/15/27 EVERGY INC $24.1M 1.96%

Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.

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