Zeno Equity Partners LLP — 13F Holdings & Portfolio
CIK 2013334 · latest 13F-HR filed 2026-08-14
Zeno Equity Partners LLP manages $269.0M in 13F-reported U.S. long-equity assets across 16 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are DHR (17.81%), LIN (10.89%), AMZN (9.48%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 0; 6 existing positions rose in reported value and 4 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 88.1%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 18, 2026.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| Millar, Alexander, Ronald Control | CHIEF COMPLIANCE OFFICER AND PARTNER since Sep 2025 | Less than 5% | Individual |
| SOUZA, CRISTIANO, DE MESQUITA Control | MANAGING PARTNER since Jun 2015 | 50–75% | Individual |
| Rivano, Giovanni | PARTNER since Dec 2011 | 5–10% | Individual |
| Tatullo, Raffaele | PARTNER since Jun 2021 | Less than 5% | Individual |
| Thompson, Benjamin, James | PARTNER since Jan 2026 | Less than 5% | Individual |
Ownership & leadership changes · 7 filings with changes since Mar 21, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedBerner, Lucas, Julius · PARTNER · 5–10% · listed since Jun 2021
- No longer listedMESSA, THEODORO, ARTHUR DA COSTA · PARTNER AND CHIEF COMPLIANCE OFFICER · 5–10% · control person · listed since Mar 2023
- AddedMillar, Alexander, Ronald · CHIEF COMPLIANCE OFFICER AND PARTNER · Less than 5% · control person
- AddedThompson, Benjamin, James · PARTNER · Less than 5%
- No longer listedGoldsmith, Benjamin, Alexander · PARTNER · 5–10% · listed since Jun 2021
- No longer listedCAMPOS, LUIZ FELIPE, DE ALMEIDA · PARTNER · 25–50% · indirect via RADAR INVESTIMENTOS LTDA. · listed since Jan 2006
- No longer listedORENSTEIN, LUIZ · PARTNER · 25–50% · indirect via RADAR INVESTIMENTOS LTDA. · control person · listed since Jan 2006
- No longer listedRADAR INVESTIMENTOS LTDA. · HOLDING COMPANY · 25–50% · control person · listed since Jan 2006
- No longer listedROCHA, BRUNO, DE ARAUJO LIMA · MANAGING DIRECTOR · 50–75% · control person · listed since Jan 2006
- No longer listedRUDGE, BRUNO, HERMES DA FONSECA · PARTNER · 25–50% · indirect via RADAR INVESTIMENTOS LTDA. · listed since Mar 2015
- AddedBerner, Lucas, Julius · PARTNER · 5–10%
- AddedGoldsmith, Benjamin, Alexander · PARTNER · 5–10%
- AddedTatullo, Raffaele · PARTNER · Less than 5%
- Listed againRivano, Giovanni · PARTNER · 5–10%
- ChangedMESSA, THEODORO, ARTHUR DA COSTA · ownership Less than 5% → 5–10%
- ChangedSOUZA, CRISTIANO, DE MESQUITA · title PARTNER → MANAGING PARTNER; ownership 25–50% → 50–75%
- No longer listedRivano, Giovanni · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2021
- AddedMESSA, THEODORO, ARTHUR DA COSTA · PARTNER AND CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- No longer listedSANTOS, EDUARDO · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Aug 2008
- AddedRivano, Giovanni · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- No longer listedSIMAS, CARLOS, GUSTAVO PERRET · HEAD OF ANALISYS · 10–25% · listed since Aug 2009
- AddedSANTOS, EDUARDO · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedROCHA, BRUNO, DE ARAUJO LIMA · ownership 25–50% → 50–75%
- ChangedSOUZA, CRISTIANO, DE MESQUITA · ownership 10–25% → 25–50%; now a control person
- No longer listedDAMASCENO, PEDRO · PARTNER · 25–50% · indirect via RADAR INVESTIMENTOS LTDA. · control person · listed since Jan 2006
- AddedCAMPOS, LUIZ FELIPE, DE ALMEIDA · PARTNER · 25–50% · indirect via RADAR INVESTIMENTOS LTDA.
- AddedRUDGE, BRUNO, HERMES DA FONSECA · PARTNER · 25–50% · indirect via RADAR INVESTIMENTOS LTDA.
- AddedSOUZA, CRISTIANO, DE MESQUITA · PARTNER · 10–25%
- ListedDAMASCENO, PEDRO · PARTNER · 25–50% · indirect via RADAR INVESTIMENTOS LTDA. · control person
- ListedORENSTEIN, LUIZ · PARTNER · 25–50% · indirect via RADAR INVESTIMENTOS LTDA. · control person
- ListedRADAR INVESTIMENTOS LTDA. · HOLDING COMPANY · 25–50% · control person
- ListedROCHA, BRUNO, DE ARAUJO LIMA · MANAGING DIRECTOR · 25–50% · control person
- ListedSIMAS, CARLOS, GUSTAVO PERRET · HEAD OF ANALISYS · 10–25%
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- WALDENCAST CL A ORD$9.9M +85.3%
- HEICO CL A ORD$3.7M +19.3%
- VISTA ENERGY SPON SRS A ADR$1.7M +7.7%
- PATRIA INVESTMENTS CL A ORD$1.7M +9.9%
- RYANAIR HOLDINGS ORD ADR$589.9K +19.0%
Top Trims
- SOMNIGROUP INTERNATIONAL ORD-$9.5M -55.1%
- AMAZON COM ORD-$4.0M -13.4%
- DESCARTES SYSTEM ORD-$1.1M -5.6%
- PAMPA ENERGIA ADR REPSG 25 ORD-$963.7K -9.4%
Zeno Equity Partners LLP Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | DANAHER ORD | DHR | 235851102 | $47.9M | 17.81% | 251,554 | SH |
| 2 | LINDE ORD | LIN | G54950103 | $29.3M | 10.89% | 56,446 | SH |
| 3 | AMAZON COM ORD | AMZN | 023135106 | $25.5M | 9.48% | 107,007 | SH |
| 4 | VISTA ENERGY SPON SRS A ADR | VIST | 92837L109 | $23.6M | 8.78% | 370,012 | SH |
| 5 | HEICO CL A ORD | HEI.A | 422806208 | $22.7M | 8.45% | 88,085 | SH |
| 6 | WALDENCAST CL A ORD | WALD | G9503X103 | $21.6M | 8.02% | 12,252,580 | SH |
| 7 | DESCARTES SYSTEM ORD | DSGX | 249906108 | $19.4M | 7.20% | 279,581 | SH |
| 8 | PATRIA INVESTMENTS CL A ORD | PAX | G69451105 | $18.7M | 6.94% | 1,701,343 | SH |
| 9 | ITAU UNIBANCO HOLDING ADR REP 1 PRF | ITUB | 465562106 | $17.8M | 6.63% | 2,183,366 | SH |
| 10 | VULCAN MATERIALS ORD | VMC | 929160109 | $10.4M | 3.85% | 35,135 | SH |
| 11 | PAMPA ENERGIA ADR REPSG 25 ORD | PAM | 697660207 | $9.3M | 3.44% | 112,816 | SH |
| 12 | VISA CL A ORD | V | 92826C839 | $8.4M | 3.13% | 24,557 | SH |
| 13 | SOMNIGROUP INTERNATIONAL ORD | SGI | 88023U101 | $7.7M | 2.88% | 98,756 | SH |
| 14 | RYANAIR HOLDINGS ORD ADR | RYAAY | 783513203 | $3.7M | 1.38% | 57,145 | SH |
| 15 | SPOTIFY TECHNOLOGY ORD | SPOT | L8681T102 | $2.8M | 1.03% | 6,055 | SH |
| 16 | WALDENCAST EQY WARRANT | WALDW | G9503X111 | $229.5K | 0.09% | 4,892,767 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $269.0M | 16 | 0002013334-26-000010 |
| 2026-03-31 | 2026-05-15 | $246.4M | 13 | 0002013334-26-000007 |
| 2026-03-31 | 2026-05-14 | $246.6M | 13 | 0002013334-26-000004 |
| 2025-12-31 | 2026-02-09 | $241.2M | 12 | 0002013334-26-000002 |
| 2025-09-30 | 2025-11-10 | $215.1M | 9 | 0002013334-25-000018 |
LONDON, X0 SW3 5AW