Zeno Equity Partners LLP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Zeno Equity Partners LLP reported 12 stock positions worth $246.3 million. Its top holding was Danaher (DHR) at 19.1% of the portfolio, followed by Linde (LIN, 12.3%) and Amazon.com (AMZN, 12.0%). Compared with Q4 2025, it opened 5 new positions, sold out of 3, added to 3 and reduced 3. The biggest buy was a new position in Vista Energy Sab DE CV (VIST) and the biggest sale Linde (LIN, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002013334
- Portfolio Value
- $246.3M (Q1 2026)
- SEC Filing
- 0002013334-26-000007 ↗ filed May 15, 2026
Holdings Value
Holdings 12 stocks · $246.3M
| DHR Danaher Corp. | 19.11% | 248,230 | $47.1M | Add +11.1% |
| LIN Linde PLC | 12.30% | 61,114 | $30.3M | Reduce -64.0% |
| AMZN Amazon.com Inc. | 11.96% | 141,430 | $29.5M | Add +47.8% |
| VIST Vista Energy Sab DE CV | 8.90% | 290,321 | $21.9M | New |
| DSGX The Descartes Systems Grp | 8.32% | 286,443 | $20.5M | New |
| HEI.A Heico Corp. Class A | 7.74% | 90,245 | $19.0M | Reduce -63.6% |
| ITUB Itau Unibanco H-Spon PRF ADR | 7.61% | 2,236,966 | $18.7M | New |
| SGI Somnigroup International Inc. | 7.01% | 233,394 | $17.3M | Reduce -12.8% |
| PAX Patria Investments Ltd. Class A | 6.91% | 1,349,579 | $17.0M | Add +128.5% |
| MLKMF Waldencast PLC-A | 4.73% | 12,252,580 | $11.6M | No change |
| PAM Pampa Energia SA-Spon ADR | 4.15% | 115,585 | $10.2M | New |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.26% | 53,811 | $3.1M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $176K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 | 4,892,767 | $176K | No change |
Total filed on the 13F, all lines: $246.4M.
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
| VIST Vista Energy Sab DE CV | New | 8.90% | +8.90 |
| DSGX The Descartes Systems Grp | New | 8.32% | +8.32 |
| ITUB Itau Unibanco H-Spon PRF ADR | New | 7.61% | +7.61 |
| PAM Pampa Energia SA-Spon ADR | New | 4.15% | +4.15 |
| PAX Patria Investments Ltd. Class A | Add +128.5% | 6.91% | +3.01 |
| AMZN Amazon.com Inc. | Add +47.8% | 11.96% | +2.80 |
| RYAAY Ryanair Holdings PLC-SP ADR | New | 1.26% | +1.26 |
| DHR Danaher Corp. | Add +11.1% | 19.11% | −2.14 |
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 |