Zeno Equity Partners LLP
LONDON, X0 · CIK 0002013334
Portfolio Value: $241.15M
Positions: 11
Period: 2025-12-31
Filed: 2026-02-09
Portfolio Value
$241.15M
Positions
11
New
2
Increased
3
Decreased
4
Sold Out
14
Zeno Equity Partners LLP Q4 2025 13F Filing Summary
Zeno Equity Partners LLP (LONDON, X0) reported a portfolio value of $241.15M across 11 positions in their Q4 2025 SEC 13F filing (period ending 2025-12-31). Top holdings include HEICO CL A ORD ($57.62M), DANAHER ORD ($51.20M), SOMNIGROUP INTERNATIONAL ORD ($23.89M). The top 10 positions account for 99.9% of the portfolio. This quarter saw 2 new positions, 3 increases, 4 reductions, 14 complete exits. Notable new buys: VISA CL A ORD ($12.43M), PATRIA INVESTMENTS CL A ORD ($9.39M). Notable exits: GE AEROSPACE ORD, ITAU UNIBANCO HOLDING ADR REP 1 PRF, APPFOLIO CL A ORD.
All Holdings
| # | Stock | Value↓ | Weight | Change |
|---|---|---|---|---|
| 1 | HEICO CL A ORD Equity | $57.62M | 23.89% | +105.2% |
| 2 | DANAHER ORD Equity | $51.20M | 21.23% | -15.9% |
| 3 | SOMNIGROUP INTERNATIONAL ORD Equity | $23.89M | 9.91% | +14.9% |
| 4 | WALDENCAST CL A ORD Equity | $23.03M | 9.55% | - |
| 5 | AMAZON COM ORD Equity | $22.09M | 9.16% | -25.8% |
| 6 | DESCARTES SYSTEM ORD Equity | $21.76M | 9.02% | +182.5% |
| 7 | TEXAS INSTRUMENTS ORD Equity | $15.91M | 6.60% | -2.9% |
| 8 | VISA CL A ORD Equity | $12.43M | 5.15% | New |
| 9 | PATRIA INVESTMENTS CL A ORD Equity | $9.39M | 3.89% | New |
| 10 | AMPHENOL CL A ORD Equity | $3.67M | 1.52% | -69.3% |
| 11 | WALDENCAST EQY WARRANT Warrant | $177.85K | 0.07% | - |
Position Changes
| Stock | Value | Shares |
|---|---|---|
VISA CL A ORD | $12.43M | 35,441 |
PATRIA INVESTMENTS CL A ORD | $9.39M | 590,698 |