Zeno Equity Partners LLP

CIK

2013334

Location

LONDON, X0

Portfolio Value

Small $227,208,748

Diversification

Diversified

Filing Date

Global Rank

#3,609 / 8,232 ▲ 172

Top Industry

Diagnostics & Research 20.7%

3Y Alpha vs SPY

-22.0%

Period ended 2 months ago

Filed May 15, 2026 · 30d

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

-4.7%

SPY

+52.9%

Annualised alpha

-22.0%

Max drawdown

−33.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

11 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

20.7%

−10.3 pts

Top 5

65.7%

−16.6 pts

Top 10

98.6%

−1.4 pts

HHI

1,179

Diversified−640

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	20.7%	$47,064,408	1
Consumer Cyclical	20.6%	$46,708,110	2
Financial Services	15.7%	$35,750,470	2
Basic Materials	13.3%	$30,297,876	1
Energy	9.6%	$21,910,525	1
Technology	9.0%	$20,497,861	1
Industrials	5.9%	$13,339,547	2
Consumer Defensive	5.1%	$11,639,951	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
PAX	Patria Investments Ltd	+758,881	1,349,579	$17,004,695
AMZN	Amazon Com Inc	+45,746	141,430	$29,455,626
DHR	Danaher Corp /De/	+24,782	248,230	$47,064,408
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
LIN	Linde PLC	−108,847	61,114	$30,297,876
SGI	Somnigroup International Inc.	−34,190	233,394	$17,252,484
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
VIST	Vista Energy, S.A.B. de C.V.	290,321	$21,910,525
DSGX	Descartes Systems Group Inc	286,443	$20,497,861
ITUB	Itau Unibanco Holding S.A.	2,236,966	$18,745,775
PAM	Pampa Energy Inc.	115,585	$10,229,272
RYAAY	Ryanair Holdings PLC	53,811	$3,110,275
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
TXN	Texas Instruments Inc	91,686	$15,906,604
V	Visa Inc.	35,441	$12,429,513
APH	Amphenol Corp /De/	27,087	$3,660,537
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

11 positions · $227,208,748 total · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
DHR	Danaher Corp /De/ Healthcare	Added	248,230	+24,782	$47,064,408	−8.0%	20.71%
LIN	Linde PLC Basic Materials	Reduced	61,114	-108,847	$30,297,876	−58.2%	13.33%
AMZN	Amazon Com Inc Consumer Cyclical	Added	141,430	+45,746	$29,455,626	+33.4%	12.96%
VIST	Vista Energy, S.A.B. de C.V. Energy	NEW	290,321	NEW	$21,910,525	NEW	9.64%
DSGX	Descartes Systems Group Inc Technology	NEW	286,443	NEW	$20,497,861	NEW	9.02%
ITUB	Itau Unibanco Holding S.A. Financial Services	NEW	2,236,966	NEW	$18,745,775	NEW	8.25%
SGI	Somnigroup International Inc. Consumer Cyclical	Reduced	233,394	-34,190	$17,252,484	−27.8%	7.59%
PAX	Patria Investments Ltd Financial Services	Added	1,349,579	+758,881	$17,004,695	+81.2%	7.48%
WALD	Waldencast plc Consumer Defensive	Held	12,252,580	0	$11,639,951	−49.5%	5.12%
PAM	Pampa Energy Inc. Industrials	NEW	115,585	NEW	$10,229,272	NEW	4.50%
RYAAY	Ryanair Holdings PLC Industrials	NEW	53,811	NEW	$3,110,275	NEW	1.37%