Zazove Associates LLC
Net seller this quarter
$1.22B
35
-$94M
2.1%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 BHR | $4.79M | 0.39% | 3.23% | -46.3% | Q3 2020 |
 WEST | $3.65M | 0.30% | 0.46% | -61.0% | Q3 2024 |
 UONEK | $2.46M | 0.20% | Not reported | -90.8% | Q1 2020 |
 RUMBW | $2.27M | 0.19% | Not reported | -46.3% | Q4 2022 |
 GRNT | $2.24M | 0.18% | 0.39% | -63.0% | Q4 2022 |
 REAL | $2.18M | 0.18% | 0.15% | -27.5% | Q2 2025 |
 BKD | $2.17M | 0.18% | 0.06% | -40.0% | Q3 2025 |
 PCTTW | $2.04M | 0.17% | Not reported | -38.3% | Q4 2022 |
 MNTN | $1.84M | 0.15% | 1.22% | -27.8% | Q3 2025 |
| ASA | $1.7M | 0.14% | Not reported | -49.2% | Q3 2025 |
 LUXE | $1.49M | 0.12% | 0.14% | -50.0% | Q1 2025 |
 BKV | $1.28M | 0.10% | 0.04% | -6.2% | Q1 2026 |
 BRCC | $1.12M | 0.09% | 1091.01% | -60.2% | Q4 2022 |
 GLAS | $1.04M | 0.08% | Not reported | New | Q2 2026 |
 USAS | $944K | 0.08% | 0.06% | Not reported | Q4 2025 |
 GROY | $828K | 0.07% | 0.13% | -52.8% | Q3 2024 |
 AB | $680K | 0.06% | 0.02% | +5.5% | Q1 2026 |
 GOOGM | $631K | 0.05% | Not reported | New | Q2 2026 |
 AMPX | $595K | 0.05% | 0.07% | -26.5% | Q2 2023 |
 NPWR | $475K | 0.04% | 40.75% | -50.2% | Q2 2023 |
 SVM | $417K | 0.03% | 0.02% | -51.2% | Q4 2025 |
 THCH | $383K | 0.03% | 0.60% | -54.2% | Q1 2023 |
 BTG | $281K | 0.02% | 0.01% | +0.7% | Q1 2026 |
 AUROW | $194K | 0.02% | Not reported | +699.8% | Q3 2025 |
| PCT | $159K | 0.01% | 0.01% | -62.2% | Q4 2025 |
 OPK | $150K | 0.01% | 0.01% | -66.7% | Q4 2024 |
 ACHR | $136K | 0.01% | 0.15% | -45.8% | Q4 2024 |
| GOOGN | $126K | 0.01% | Not reported | New | Q2 2026 |
 ET | $95.6K | 0.01% | 0.00% | -50.0% | Q4 2022 |
| UONE | $83.1K | 0.01% | Not reported | -96.8% | Q4 2022 |
 IAUX | $29.8K | 0.00% | 0.00% | Not reported | Q1 2026 |
 RDZNW | $29.2K | 0.00% | Not reported | -50.0% | Q3 2023 |
 PEO | $24.4K | 0.00% | Not reported | -48.5% | Q4 2023 |
 SPWRW | $1.77K | 0.00% | Not reported | -69.0% | Q3 2023 |
| AIIOW | $1.16K | 0.00% | Not reported | -77.4% | Q4 2022 |
| Q1 2026 | |||||
 KYN | $11.1M | 0.52% | Not reported | +100.0% | Q1 2020 |
| BHR | $11M | 0.52% | 6.01% | +69.7% | Q3 2020 |
 UAN | $8.92M | 0.42% | 0.74% | +98.1% | Q4 2022 |
| GRNT | $7.28M | 0.34% | 1.05% | +101.5% | Q4 2022 |
| UONEK | $7.12M | 0.34% | Not reported | +1000.0% | Q1 2020 |
| WEST | $4.8M | 0.23% | 1.18% | +94.3% | Q3 2024 |
| ASA | $3.91M | 0.18% | Not reported | +103.2% | Q3 2025 |
| RUMBW | $3.37M | 0.16% | Not reported | +101.5% | Q4 2022 |
| LUXE | $3.28M | 0.15% | 0.29% | +100.0% | Q1 2025 |
 CCO | $3.01M | 0.14% | 0.27% | Not reported | Q1 2020 |
| REAL | $2.95M | 0.14% | 0.21% | +168.4% | Q2 2025 |
| MNTN | $2.83M | 0.13% | 1.68% | +118.7% | Q3 2025 |
| BKD | $2.7M | 0.13% | 0.09% | +73.1% | Q3 2025 |
| GROY | $2.43M | 0.11% | 0.28% | +89.6% | Q3 2024 |
 NCMI | $2.4M | 0.11% | 0.77% | +178.3% | Q4 2022 |
| BRCC | $2.15M | 0.10% | 2740.64% | +370.8% | Q4 2022 |
 GDL | $2.02M | 0.10% | Not reported | +100.0% | Q1 2020 |
| ACHR | $1.46M | 0.07% | 0.29% | +119.4% | Q4 2024 |
| BKV | $1.43M | 0.07% | 0.05% | New | Q1 2026 |
| NPWR | $1.24M | 0.06% | 81.77% | +100.0% | Q2 2023 |
| PCTTW | $1.06M | 0.05% | Not reported | +114.0% | Q4 2022 |
| STKL | $1.05M | 0.05% | 0.23% | Not reported | Q4 2022 |
| USAS | $1.03M | 0.05% | 0.06% | +100.0% | Q4 2025 |
| THCH | $998K | 0.05% | 1.31% | +91.3% | Q1 2023 |
| SVM | $825K | 0.04% | 0.04% | +144.9% | Q4 2025 |
 PRCH | $759K | 0.04% | 0.09% | New | Q1 2026 |
| UONE | $701K | 0.03% | Not reported | +999.6% | Q4 2022 |
| AMPX | $690K | 0.03% | 0.10% | +124.6% | Q2 2023 |
| AB | $685K | 0.03% | 0.02% | New | Q1 2026 |
 HDSN | $637K | 0.03% | 0.24% | +100.0% | Q1 2024 |
 TE | $439K | 0.02% | 0.04% | New | Q1 2026 |
| OPK | $360K | 0.02% | 0.04% | +100.0% | Q4 2024 |
| PCT | $356K | 0.02% | 0.03% | +100.0% | Q4 2025 |
| BTG | $338K | 0.02% | 0.01% | New | Q1 2026 |
 SYM | $298K | 0.01% | 0.00% | Not reported | Q4 2025 |
| ET | $179K | 0.01% | 0.00% | +100.0% | Q4 2022 |
 PSQH | $67.5K | 0.00% | 2.02% | +100.0% | Q3 2023 |
| RDZNW | $61.7K | 0.00% | Not reported | +100.0% | Q3 2023 |
 WHR | $53.9K | 0.00% | 0.00% | New | Q1 2026 |
 GCTS | $50.6K | 0.00% | 0.84% | Not reported | Q2 2024 |
| PEO | $47.6K | 0.00% | Not reported | +101.9% | Q4 2023 |
| IAUX | $46.2K | 0.00% | 0.00% | New | Q1 2026 |
 LANWF | $37K | 0.00% | Not reported | +100.0% | Q4 2022 |
 AIRJW | $23K | 0.00% | 0.05% | +100.0% | Q2 2024 |
| AUROW | $15.7K | 0.00% | Not reported | Not reported | Q3 2025 |
 GIS | $11.2K | 0.00% | 0.00% | New | Q1 2026 |
| SPWRW | $9.22K | 0.00% | Not reported | +45.0% | Q3 2023 |
| AIIOW | $4.41K | 0.00% | Not reported | +100.0% | Q4 2022 |
| Q4 2025 | |||||
| BHR | $6.98M | 0.60% | 3.57% | +7.2% | Q3 2020 |
| KYN | $5.14M | 0.44% | Not reported | +7.0% | Q1 2020 |
| UONEK | $4.3M | 0.37% | Not reported | +1.2% | Q1 2020 |
| UAN | $4.03M | 0.35% | 0.37% | Not reported | Q4 2022 |
| GRNT | $3.21M | 0.28% | 0.52% | Not reported | Q4 2022 |
| CCO | $3.01M | 0.26% | 0.27% | +11.0% | Q1 2020 |
| WEST | $2.42M | 0.21% | 0.61% | -4.9% | Q3 2024 |
| RUMBW | $2.19M | 0.19% | Not reported | +1.1% | Q4 2022 |
| ASA | $1.89M | 0.16% | Not reported | +78.8% | Q3 2025 |
| LUXE | $1.67M | 0.14% | 0.15% | +17.9% | Q1 2025 |
| MNTN | $1.51M | 0.13% | 0.77% | +153.2% | Q3 2025 |
| REAL | $1.5M | 0.13% | 0.08% | -32.1% | Q2 2025 |
| BKD | $1.4M | 0.12% | 0.05% | +30.0% | Q3 2025 |
| GROY | $1.35M | 0.12% | 0.15% | +3.1% | Q3 2024 |
| ACHR | $1.14M | 0.10% | 0.13% | +897.0% | Q4 2024 |
| STKL | $1.05M | 0.09% | 0.23% | +14.6% | Q4 2022 |
| GDL | $1.02M | 0.09% | Not reported | Not reported | Q1 2020 |
| NCMI | $1M | 0.09% | 0.27% | +42.8% | Q4 2022 |
| NPWR | $808K | 0.07% | 40.89% | +3.5% | Q2 2023 |
| BRCC | $599K | 0.05% | 582.19% | +117.5% | Q4 2022 |
| THCH | $569K | 0.05% | 0.69% | -3.9% | Q1 2023 |
| PCTTW | $552K | 0.05% | Not reported | +31.7% | Q4 2022 |
| USAS | $511K | 0.04% | 0.03% | New | Q4 2025 |
| UONE | $449K | 0.04% | Not reported | -6.4% | Q4 2022 |
| HDSN | $343K | 0.03% | 0.12% | Not reported | Q1 2024 |
| SYM | $298K | 0.03% | 0.00% | New | Q4 2025 |
| SVM | $288K | 0.02% | 0.02% | New | Q4 2025 |
| PCT | $222K | 0.02% | 0.01% | New | Q4 2025 |
| OPK | $189K | 0.02% | 0.02% | -27.8% | Q4 2024 |
| AMPX | $160K | 0.01% | 0.05% | Not reported | Q2 2023 |
| ET | $82.5K | 0.01% | 0.00% | Not reported | Q4 2022 |
| GCTS | $50.6K | 0.00% | 1.05% | -8.5% | Q2 2024 |
| PSQH | $46.7K | 0.00% | Not reported | Not reported | Q3 2023 |
| RDZNW | $41.4K | 0.00% | Not reported | Not reported | Q3 2023 |
| LANWF | $21K | 0.00% | Not reported | Not reported | Q4 2022 |
| PEO | $20.7K | 0.00% | Not reported | +2.2% | Q4 2023 |
| AUROW | $15.7K | 0.00% | Not reported | Not reported | Q3 2025 |
| AIRJW | $14.1K | 0.00% | 0.03% | +72.5% | Q2 2024 |
| SPWRW | $6.56K | 0.00% | Not reported | Not reported | Q3 2023 |
| AIIOW | $3.02K | 0.00% | Not reported | Not reported | Q4 2022 |
| Q3 2025 | |||||
| BHR | $6.2M | 0.56% | 3.33% | +8.7% | Q3 2020 |
| KYN | $4.8M | 0.43% | Not reported | -20.1% | Q1 2020 |
| UONEK | $3.62M | 0.33% | Not reported | +2.6% | Q1 2020 |
| UAN | $3.55M | 0.32% | 0.37% | -49.4% | Q4 2022 |
| WEST | $3.03M | 0.27% | 0.64% | -11.9% | Q3 2024 |
| RUMBW | $2.25M | 0.20% | Not reported | +2.9% | Q4 2022 |
| CCO | $1.94M | 0.18% | 0.25% | -19.9% | Q1 2020 |
| REAL | $1.49M | 0.13% | 0.12% | -28.8% | Q2 2025 |
| PCTTW | $1.48M | 0.13% | Not reported | +9.0% | Q4 2022 |
| LUXE | $1.45M | 0.13% | 0.12% | +37.1% | Q1 2025 |
| STKL | $1.41M | 0.13% | 0.20% | +14.7% | Q4 2022 |
| GROY | $1.25M | 0.11% | 0.19% | -42.0% | Q3 2024 |
| NPWR | $1.12M | 0.10% | 39.50% | +4.3% | Q2 2023 |
 EQX | $1.12M | 0.10% | 0.02% | +25.0% | Q4 2024 |
| GDL | $1.03M | 0.09% | Not reported | Not reported | Q1 2020 |
| MNTN | $928K | 0.08% | 0.30% | New | Q3 2025 |
 BULLW | $881K | 0.08% | Not reported | Not reported | Q2 2025 |
| BKD | $847K | 0.08% | 0.04% | New | Q3 2025 |
| NCMI | $813K | 0.07% | 0.19% | +164.6% | Q4 2022 |
| ASA | $811K | 0.07% | Not reported | New | Q3 2025 |
| UONE | $642K | 0.06% | Not reported | Not reported | Q4 2022 |
 SSL | $626K | 0.06% | Not reported | Not reported | Q4 2022 |
| THCH | $616K | 0.06% | 3.71% | -6.6% | Q1 2023 |
 ENVX | $499K | 0.05% | 0.02% | Not reported | Q2 2025 |
 CPRI | $498K | 0.05% | 0.02% | Not reported | Q4 2024 |
| HDSN | $497K | 0.04% | 0.11% | -11.1% | Q1 2024 |
| BRCC | $387K | 0.04% | 267.67% | -3.9% | Q4 2022 |
 BRKRP | $352K | 0.03% | Not reported | New | Q3 2025 |
| OPK | $322K | 0.03% | 0.03% | Not reported | Q4 2024 |
| ACHR | $220K | 0.02% | 0.02% | Not reported | Q4 2024 |
 HOS | $199K | 0.02% | 0.08% | Not reported | Q4 2022 |
| GCTS | $130K | 0.01% | 1.18% | Not reported | Q2 2024 |
| PSQH | $96K | 0.01% | Not reported | +8.2% | Q3 2023 |
| ET | $85.8K | 0.01% | 0.00% | Not reported | Q4 2022 |
| AUROW | $38.6K | 0.00% | Not reported | New | Q3 2025 |
 EOSEW | $30.4K | 0.00% | Not reported | Not reported | Q4 2022 |
| LANWF | $26.2K | 0.00% | Not reported | Not reported | Q4 2022 |
 MIR | $23.3K | 0.00% | 0.01% | Not reported | Q2 2024 |
| PEO | $20K | 0.00% | Not reported | +2.4% | Q4 2023 |
| AIIOW | $10.1K | 0.00% | Not reported | Not reported | Q4 2022 |
| RDZNW | $9.64K | 0.00% | Not reported | Not reported | Q3 2023 |
| AIRJW | $7.74K | 0.00% | 0.02% | Not reported | Q2 2024 |
| SPWRW | $7.11K | 0.00% | Not reported | Not reported | Q3 2023 |
 ASTLW | $696 | 0.00% | Not reported | -54.6% | Q2 2024 |