Zeno Equity Partners LLP Diversified Active

CIK: 0002013334 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 9, 2026

Total Value ($000): $241,154 (100.0% shares, 0.0% debt)

Holdings (11)

New Positions (2)

V VISA CL A ORD 5.2%

Value ($000) $12,430 Shares 35,441 Est. Cost $340.38 Unrealized 0.0%

PAX PATRIA INVESTMENTS CL A ORD 3.9%

Value ($000) $9,386 Shares 590,698 Est. Cost $14.74 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
V	VISA CL A ORD	35,441	$12,430	5.2%	$340.38	0.0%	Equity	92826C839
PAX	PATRIA INVESTMENTS CL A ORD	590,698	$9,386	3.9%	$14.74	0.0%	Equity	G69451105

Increased Positions (3)

LIN HEICO CL A ORD 23.9%

Value ($000) $57,618 (+46.4%) Shares 169,961 (+105.2%) Est. Cost $419.48 Unrealized +1.9%

SGI SOMNIGROUP INTERNATIONAL ORD 9.9%

Value ($000) $23,890 (+21.6%) Shares 267,584 (+14.9%) Est. Cost $64.76 Unrealized +34.9%

HEI/A DESCARTES SYSTEM ORD 9.0%

Value ($000) $21,759 (-2.5%) Shares 248,216 (+182.5%) Est. Cost $228.79 Unrealized +7.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LIN	HEICO CL A ORD	169,961 (+105.2%)	$57,618 (+46.4%)	23.9%	$419.48	+1.9%	Equity	G54950103
SGI	SOMNIGROUP INTERNATIONAL ORD	267,584 (+14.9%)	$23,890 (+21.6%)	9.9%	$64.76	+34.9%	Equity	88023U101
HEI/A	DESCARTES SYSTEM ORD	248,216 (+182.5%)	$21,759 (-2.5%)	9.0%	$228.79	+7.9%	Equity	422806208

Decreased Positions (4)

APH AMPHENOL CL A ORD 1.5%

Value ($000) $3,665 (-66.5%) Shares 27,087 (-69.3%) Est. Cost $70.16 Unrealized +90.3%

AMZN AMAZON COM ORD 9.2%

Value ($000) $22,086 (-22.0%) Shares 95,684 (-25.8%) Est. Cost $168.93 Unrealized +35.4%

DHR DANAHER ORD 21.2%

Value ($000) $51,202 (-2.9%) Shares 223,448 (-15.9%) Est. Cost $216.58 Unrealized +1.4%

TXN TEXAS INSTRUMENTS ORD 6.6%

Value ($000) $15,907 (-8.3%) Shares 91,686 (-2.9%) Est. Cost $169.22 Unrealized +0.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APH	AMPHENOL CL A ORD	27,087 (-69.3%)	$3,665 (-66.5%)	1.5%	$70.16	+90.3%	Equity	032095101
AMZN	AMAZON COM ORD	95,684 (-25.8%)	$22,086 (-22.0%)	9.2%	$168.93	+35.4%	Equity	023135106
DHR	DANAHER ORD	223,448 (-15.9%)	$51,202 (-2.9%)	21.2%	$216.58	+1.4%	Equity	235851102
TXN	TEXAS INSTRUMENTS ORD	91,686 (-2.9%)	$15,907 (-8.3%)	6.6%	$169.22	+0.9%	Equity	882508104

Unchanged Positions (2)

WALD WALDENCAST CL A ORD 9.6%

Value ($000) $23,035 Shares 12,252,580 Est. Cost $9.37 Unrealized -78.3%

WALDW WALDENCAST EQY WARRANT 0.1%

Value ($000) $178 Shares 4,892,767 Est. Cost $0.95 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WALD	WALDENCAST CL A ORD	12,252,580	$23,035	9.6%	$9.37	-78.3%	Equity	G9503X103
WALDW	WALDENCAST EQY WARRANT	4,892,767	$178	0.1%	$0.95	—	Warrant	G9503X111