Zeno Equity Partners LLP

LONDON, X0 · CIK 2013334 · 13F filing filed 2025-08-11

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)

$231.9m reported value -16.1% vs Q1 2025

11positions

99.7%in top 10

1 new 5 added 3 reduced 2 sold out vs Q1 2025

Holdings, Q2 2025

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	DANAHER CORPORATION COM DHR	DHR	258,939	$51.2m22.09%	22.09%	Added +66.5k	+66,489 34.5%
2	WALDENCAST PLC CLASS A ORD SHS MLKMF	MLKMF	15,335,543	$37.6m16.20%	16.20%	Unchanged
3	LINDE PLC SHS LIN	LIN	69,003	$32.4m13.96%	13.96%	Added +5.2k	+5,179 8.1%
4	AMAZON COM INC COM AMZN	AMZN	118,477	$26.0m11.21%	11.21%	Reduced -60.6k	-60,635 -33.9%
5	AMPHENOL CORP CL A APH	APH	176,195	$17.4m7.51%	7.51%	Added +12.0k	+12,016 7.3%
6	TEXAS INSTRS INC COM TXN	TXN	83,116	$17.3m7.44%	7.44%	Reduced -68.5k	-68,470 -45.2%
7	HEICO CORP NEW CL A HEI.A	HEI.A	63,069	$16.3m7.04%	7.04%	Added +5.2k	+5,180 8.9%
8	SOMNIGROUP INTERNATIONAL INC COM SGI	SGI	228,382	$15.5m6.70%	6.70%	Added +50.8k	+50,787 28.6%
9	GE AEROSPACE COM NEW GE	GE	53,530	$13.8m5.94%	5.94%	Reduced -81.3k	-81,270 -60.3%
10	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	556,222	$3.8m1.64%	1.64%	New
11	WALDENCAST PLC *W EXP 07/27/202 MLKWF	MLKWF	6,247,775	$606.0k0.26%	0.26%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
APPFOLIO INC APPF	APPF	88,789	$19.5m88.8k shares
MEDPACE HLDGS INC MEDP	MEDP	62,304	$19.0m62.3k shares

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