Zeno Equity Partners LLP Diversified Active

Location: LONDON, X0

CIK: 0002013334 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $246M (100.0% shares, 0.0% debt)

Holdings (13)

New Positions (5)

VIST VISTA ENERGY SPON SRS A ADR 8.9%

Value $21.91M Shares 290,321 Est. Cost — Unrealized —

DSGX DESCARTES SYSTEM ORD 8.3%

Value $20.5M Shares 286,443 Est. Cost — Unrealized —

ITUB ITAU UNIBANCO HOLDING ADR REP 1 PRF 7.6%

Value $18.75M Shares 2,236,966 Est. Cost — Unrealized —

PAM PAMPA ENERGIA ADR REPSG 25 ORD 4.2%

Value $10.23M Shares 115,585 Est. Cost $12.60 Unrealized —

RYAAY RYANAIR HOLDINGS ORD ADR 1.3%

Value $3.11M Shares 53,811 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VIST	VISTA ENERGY SPON SRS A ADR	290,321	$21.91M	8.9%	—	—	ADR	92837L109
DSGX	DESCARTES SYSTEM ORD	286,443	$20.5M	8.3%	—	—	Equity	249906108
ITUB	ITAU UNIBANCO HOLDING ADR REP 1 PRF	2,236,966	$18.75M	7.6%	—	—	ADR	465562106
PAM	PAMPA ENERGIA ADR REPSG 25 ORD	115,585	$10.23M	4.2%	$12.60	—	ADR	697660207
RYAAY	RYANAIR HOLDINGS ORD ADR	53,811	$3.11M	1.3%	—	—	ADR	783513203

Increased Positions (3)

PAX PATRIA INVESTMENTS CL A ORD 6.9%

Value $17M (+81.2%) Shares 1,349,579 (+128.5%) Est. Cost $14.74 Unrealized +3.5%

AMZN AMAZON COM ORD 12.0%

Value $29.46M (+33.4%) Shares 141,430 (+47.8%) Est. Cost $187.66 Unrealized +20.9%

DHR DANAHER ORD 19.1%

Value $47.06M (-8.1%) Shares 248,230 (+11.1%) Est. Cost $217.39 Unrealized +3.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PAX	PATRIA INVESTMENTS CL A ORD	1,349,579 (+128.5%)	$17M (+81.2%)	6.9%	$14.74	+3.5%	Equity	G69451105
AMZN	AMAZON COM ORD	141,430 (+47.8%)	$29.46M (+33.4%)	12.0%	$187.66	+20.9%	Equity	023135106
DHR	DANAHER ORD	248,230 (+11.1%)	$47.06M (-8.1%)	19.1%	$217.39	+3.4%	Equity	235851102

Exited Positions (3)

TXN TEXAS INSTRUMENTS ORD 6.5%

Value $15.91M Shares 91,686 Est. Cost $191.72 Unrealized +7.6%

V VISA CL A ORD 5.0%

Value $12.43M Shares 35,441 Est. Cost $330.54 Unrealized -0.4%

APH AMPHENOL CL A ORD 1.5%

Value $3.665M Shares 27,087 Est. Cost $70.16 Unrealized +108.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TXN	TEXAS INSTRUMENTS ORD	91,686	$15.91M	6.5%	$191.72	+7.6%	—	882508104
V	VISA CL A ORD	35,441	$12.43M	5.0%	$330.54	-0.4%	—	92826C839
APH	AMPHENOL CL A ORD	27,087	$3.665M	1.5%	$70.16	+108.7%	—	032095101

Decreased Positions (3)

LIN LINDE ORD 12.3%

Value $30.3M (-47.4%) Shares 61,114 (-64.0%) Est. Cost $457.12 Unrealized +0.6%

SGI SOMNIGROUP INTERNATIONAL ORD 7.0%

Value $17.25M (-27.8%) Shares 233,394 (-12.8%) Est. Cost $64.76 Unrealized +42.0%

HEI/A HEICO CL A ORD 7.7%

Value $19.05M (-12.4%) Shares 90,245 (-63.6%) Est. Cost $232.88 Unrealized +11.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LIN	LINDE ORD	61,114 (-64.0%)	$30.3M (-47.4%)	12.3%	$457.12	+0.6%	Equity	G54950103
SGI	SOMNIGROUP INTERNATIONAL ORD	233,394 (-12.8%)	$17.25M (-27.8%)	7.0%	$64.76	+42.0%	Equity	88023U101
HEI/A	HEICO CL A ORD	90,245 (-63.6%)	$19.05M (-12.4%)	7.7%	$232.88	+11.4%	Equity	422806208

Unchanged Positions (2)

WALD WALDENCAST CL A ORD 4.7%

Value $11.64M Shares 12,252,580 Est. Cost $9.37 Unrealized -81.7%

WALDW WALDENCAST EQY WARRANT 0.1%

Value $176K Shares 4,892,767 Est. Cost $0.95 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WALD	WALDENCAST CL A ORD	12,252,580	$11.64M	4.7%	$9.37	-81.7%	Equity	G9503X103
WALDW	WALDENCAST EQY WARRANT	4,892,767	$176K	0.1%	$0.95	—	Warrant	G9503X111