Zeno Equity Partners LLP

LONDON, X0 · CIK 2013334 · 13F filing filed 2024-08-09

Exempt reporting adviser since 2012 · limited liability partnership

Private funds7 (6 hedge) · $330.6m gross assets
Websitezenoep.com
Form ADV · 2026-03-18SEC adviser record

Legal entityZENO EQUITY PARTNERS LLP (GB)

$372.8m reported value -16.6% vs Q1 2024

13positions

93.6%in top 10

1 new 4 added 7 reduced 1 sold out vs Q1 2024

Options: 0 call positions (— notional), 1 put positions ($3.1m notional) – listed below, not included above.

Holdings, Q2 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	WALDENCAST PLC CLASS A ORD SHS MLKMF	MLKMF	15,332,933	$55.0m14.77%	14.77%	Unchanged
2	GE AEROSPACE COM NEW GE	GE	308,092	$49.0m13.14%	13.14%	Added +4.9k	+4,901 1.6%
3	DANAHER CORPORATION COM DHR	DHR	182,612	$45.7m12.25%	12.25%	Reduced -11.1k	-11,058 -5.7%
4	APPFOLIO INC COM CL A APPF	APPF	172,564	$42.2m11.32%	11.32%	Reduced -33.2k	-33,217 -16.1%
5	LINDE PLC SHS LIN	LIN	83,759	$36.8m9.86%	9.86%	Reduced -15.6k	-15,552 -15.7%
6	TEXAS INSTRS INC COM TXN	TXN	156,828	$30.5m8.18%	8.18%	Added +56.3k	+56,311 56.0%
7	AMAZON COM INC COM AMZN	AMZN	133,644	$25.8m6.93%	6.93%	Reduced -13.7k	-13,658 -9.3%
8	DESCARTES SYS GROUP INC COM DSGX	DSGX	266,276	$25.8m6.92%	6.92%	Added +1.7k	+1,696 0.6%
9	HEICO CORP NEW CL A HEI.A	HEI.A	135,899	$24.1m6.47%	6.47%	New
10	AMPHENOL CORP CL A APH	APH	206,529	$13.9m3.74%	3.74%	Reduced -208.6k	-208,643 -50.2%
11	SOMNIGROUP INTERNATIONAL INC COM SGI	SGI	279,292	$13.2m3.55%	3.55%	Reduced -49.0k	-48,973 -14.9%
12	RYANAIR HOLDINGS PLC SPONSORED ADR RYAAY	RYAAY	77,666	$9.0m2.43%	2.43%	Added +14.2k	+14,158 22.3%
13	WALDENCAST PLC *W EXP 07/27/202 MLKWF	MLKWF	6,247,775	$1.7m0.45%	0.45%	Reduced -1	-1 0.0%

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
HEICO CORP NEW HEI	HEI	161,570	$24.9m161.6k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	10,589	$3.1m10.6k shares	Added

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
WALDENCAST PLC MLKMF · 13D · filed 2025-07-31	MLKMF	14.5%≈ $30.2m		13D	2025-07-31