Zeno Equity Partners LLP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Zeno Equity Partners LLP reported 15 stock positions worth $268.8 million. Its top holding was Danaher (DHR) at 17.8% of the portfolio, followed by Linde (LIN, 10.9%) and Amazon.com (AMZN, 9.5%). Compared with Q1 2026, it opened 3 new positions, added to 4 and reduced 7. The biggest buy was a new position in Vulcan Materials (VMC) and the biggest sale Somnigroup International (SGI, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002013334
- Portfolio Value
- $268.8M (Q2 2026)
- SEC Filing
- 0002013334-26-000010 ↗ filed Aug 14, 2026
Holdings Value
Holdings 15 stocks · $268.8M
| DHR Danaher Corp. | 17.83% | 251,554 | $47.9M | Add +1.3% |
| LIN Linde PLC | 10.90% | 56,446 | $29.3M | Reduce -7.6% |
| AMZN Amazon.com Inc. | 9.49% | 107,007 | $25.5M | Reduce -24.3% |
| VIST Vista Energy Sab DE CV | 8.78% | 370,012 | $23.6M | Add +27.4% |
| HEI.A Heico Corp. Class A | 8.45% | 88,085 | $22.7M | Reduce -2.4% |
| MLKMF Waldencast PLC-A | 8.02% | 12,252,580 | $21.6M | No change |
| DSGX The Descartes Systems Grp | 7.20% | 279,581 | $19.4M | Reduce -2.4% |
| PAX Patria Investments Ltd. Class A | 6.95% | 1,701,343 | $18.7M | Add +26.1% |
| ITUB Itau Unibanco H-Spon PRF ADR | 6.64% | 2,183,366 | $17.8M | Reduce -2.4% |
| VMC Vulcan Materials Co. | 3.86% | 35,135 | $10.4M | New |
| PAM Pampa Energia SA-Spon ADR | 3.45% | 112,816 | $9.3M | Reduce -2.4% |
| V Visa Inc. Class A | 3.13% | 24,557 | $8.4M | New |
| SGI Somnigroup International Inc. | 2.88% | 98,756 | $7.7M | Reduce -57.7% |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.38% | 57,145 | $3.7M | Add +6.2% |
| SPOT Spotify Technology SA | 1.03% | 6,055 | $2.8M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $229K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 | 4,892,767 | $229K | No change |
Total filed on the 13F, all lines: $269.0M.
Portfolio Sells Q1 2026 → Q2 2026
| SGI Somnigroup International Inc. | Reduce -57.7% | 2.88% | −4.13 |
| AMZN Amazon.com Inc. | Reduce -24.3% | 9.49% | −2.47 |
| LIN Linde PLC | Reduce -7.6% | 10.90% | −1.40 |
| DSGX The Descartes Systems Grp | Reduce -2.4% | 7.20% | −1.12 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -2.4% | 6.64% | −0.98 |
| PAM Pampa Energia SA-Spon ADR | Reduce -2.4% | 3.45% | −0.71 |
| HEI.A Heico Corp. Class A | Reduce -2.4% | 8.45% | +0.72 |
Portfolio Buys Q1 2026 → Q2 2026
| VMC Vulcan Materials Co. | New | 3.86% | +3.86 |
| V Visa Inc. Class A | New | 3.13% | +3.13 |
| SPOT Spotify Technology SA | New | 1.03% | +1.03 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +6.2% | 1.38% | +0.11 |
| PAX Patria Investments Ltd. Class A | Add +26.1% | 6.95% | +0.05 |
| VIST Vista Energy Sab DE CV | Add +27.4% | 8.78% | −0.11 |
| DHR Danaher Corp. | Add +1.3% | 17.83% | −1.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 15 | $268.8M | DHR, LIN, AMZN, VIST, HEI.A |
| Q1 2026Amended | 12 | $246.3M | DHR, LIN, AMZN, VIST, DSGX |
| Q4 2025 | 10 | $241.0M | LIN, DHR, SGI, MLKMF, AMZN |
| Q3 2025 | 8 | $214.9M | DHR, LIN, AMZN, MLKMF, HEI.A |
| Q2 2025 | 10 | $231.3M | DHR, MLKMF, LIN, AMZN, APH |
| Q1 2025Amended | 11 | $275.7M | MLKMF, DHR, AMZN, LIN, TXN |
| Q4 2024 | 11 | $332.3M | MLKMF, DHR, GE, AMZN, APPF |
| Q3 2024 | 13 | $356.7M | MLKMF, DHR, APPF, GE, LIN |
| Q2 2024 | 12 | $371.1M | MLKMF, GE, DHR, APPF, LIN |
| Q1 2024 | 12 | $443.2M | MLKMF, GE, APPF, DHR, LIN |