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ZEGA Investments, LLC — 13F Holdings & Portfolio

CIK 2045703 · latest 13F-HR filed 2026-07-31

Backtest portfolio

ZEGA Investments, LLC manages $973.0M in 13F-reported U.S. long-equity assets across 730 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AAPL (9.66%), HYBL (5.55%), SPY (4.97%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 39 new positions, exited 14, added to 102, and trimmed 42.

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.

Filer Information
Address
3801 PGA BOULEVARD
PALM BEACH GARDENS, FL 33410
Phone
(610) 368-1457
Filing Manager
ZEGA Investments, LLC
PALM BEACH GARDENS, FL
Signatory
john mcdevitt
CCO
Loading holdings…
AUM

$973.0M

Long-equity book

Holdings

730

Distinct positions

Period

2026-06-30

Filed 2026-07-31

Q/Q Activity

+39 / −14 / ↑102 / ↓42

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • MICRON TECHNOLOGY INC$12.3M +10864.0%
  • NVIDIA CORPORATION$6.4M +21.5%
  • APPLE INC$5.5M +6.2%
  • ALPHABET INC$4.2M +82.5%
  • AMAZON COM INC$3.7M +21.3%
Show all 102 →

Top Trims

  • JPMORGAN CHASE & CO-$2.3M -48.2%
  • EXXON MOBIL CORP-$2.3M -19.2%
  • TIDAL TRUST II-$1.0M -78.2%
  • ABBOTT LABORATORIES-$585.9K -20.1%
  • META PLATFORMS INC-$555.8K -6.9%
Show all 42 →

New Positions

  • AUTOMATIC DATA PROCESSING IN$2.6M
  • VALERO ENERGY CORP$1.4M
  • WEC ENERGY GROUP INC$1.3M
  • ISHARES TR$1.2M
  • CHUBB LIMITED$1.1M
Show all 39 →

Exited Positions

  • KINDER MORGAN INC DEL$1.5M
  • PROSHARES TR$1.4M
  • TIDAL TRUST I$895.6K
  • TIDAL TRUST II$674.0K
  • INVESCO EXCH TRADED FD TR II$603.8K
Show all 14 →
All Holdings

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 APPLE INC AAPL 037833100 $94.0M 9.66% 324,998 SH
2 SSGA ACTIVE TR HYBL 78470P846 $54.0M 5.55% 1,933,377 SH
3 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $48.4M 4.97% 64,796 SH
4 NVIDIA CORPORATION NVDA 67066G104 $36.0M 3.70% 179,783 SH
5 COSTCO WHOLESALE CORPORATION COST 22160K105 $24.7M 2.53% 26,358 SH
6 TIDAL TRUST I ZHDG 886364660 $23.6M 2.43% 1,002,872 SH
7 AMAZON COM INC AMZN 023135106 $21.1M 2.17% 88,567 SH
8 STATE STR SPDR S&P 500 ETF T Call SPY 78462F103 $20.8M 2.14% 27,900 SH
9 STATE STR SPDR S&P 500 ETF T Call SPY 78462F103 $16.7M 1.72% 22,400 SH
10 TESLA INC TSLA 88160R101 $15.8M 1.62% 37,452 SH
11 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $15.5M 1.59% 20,700 SH
12 MICROSOFT CORP MSFT 594918104 $14.2M 1.46% 38,149 SH
13 MICRON TECHNOLOGY INC MU 595112103 $12.4M 1.28% 10,750 SH
14 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $10.2M 1.04% 13,600 SH
15 EXXON MOBIL CORP XOM 30231G102 $9.7M 1.00% 71,190 SH
16 ALPHABET INC GOOGL 02079K305 $9.2M 0.95% 25,830 SH
17 SPDR SERIES TRUST SJNK 78468R408 $8.3M 0.86% 333,266 SH
18 SSGA ACTIVE ETF TR SRLN 78467V608 $8.1M 0.83% 199,821 SH
19 AFLAC INC AFL 001055102 $8.0M 0.82% 68,087 SH
20 ELI LILLY & CO LLY 532457108 $8.0M 0.82% 6,635 SH
21 META PLATFORMS INC META 30303M102 $7.5M 0.77% 13,246 SH
22 APPLE INC Call AAPL 037833100 $7.3M 0.76% 25,400 SH
23 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $7.3M 0.75% 9,800 SH
24 APPLE INC Call AAPL 037833100 $7.0M 0.72% 24,200 SH
25 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $6.6M 0.68% 8,800 SH
26 ABBVIE INC ABBV 00287Y109 $6.4M 0.66% 25,513 SH
27 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $6.2M 0.64% 8,300 SH
28 STATE STR SPDR S&P 500 ETF T Call SPY 78462F103 $5.9M 0.61% 7,900 SH
29 GRANITESHARES ETF TR NVDL 38747R827 $5.7M 0.58% 190,401 SH
30 APPLE INC Call AAPL 037833100 $5.4M 0.55% 18,500 SH
31 UNITEDHEALTH GROUP INC UNH 91324P102 $5.1M 0.52% 12,243 SH
32 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $4.9M 0.51% 6,600 SH
33 INVESCO QQQ TR Put QQQ 46090E103 $4.8M 0.49% 6,500 SH
34 NVIDIA CORPORATION Call NVDA 67066G104 $4.4M 0.45% 22,100 SH
35 COSTCO WHOLESALE CORPORATION Call COST 22160K105 $4.3M 0.44% 4,600 SH
36 COSTCO WHOLESALE CORPORATION Call COST 22160K105 $4.2M 0.43% 4,500 SH
37 STATE STR SPDR S&P 500 ETF T Call SPY 78462F103 $4.2M 0.43% 5,600 SH
38 ALPHABET INC GOOG 02079K107 $3.8M 0.39% 10,856 SH
39 VISA INC V 92826C839 $3.7M 0.38% 10,821 SH
40 CATERPILLAR INC CAT 149123101 $3.7M 0.38% 3,449 SH
41 ARISTA NETWORKS INC ANET 040413205 $3.5M 0.36% 20,760 SH
42 BROADCOM INC AVGO 11135F101 $3.5M 0.36% 9,303 SH
43 AFLAC INC Call AFL 001055102 $3.5M 0.36% 29,800 SH
44 AFLAC INC Call AFL 001055102 $3.5M 0.36% 29,600 SH
45 STATE STR SPDR S&P 500 ETF T Call SPY 78462F103 $3.4M 0.35% 4,500 SH
46 AMAZON COM INC Call AMZN 023135106 $3.3M 0.34% 13,800 SH
47 WALMART INC WMT 931142103 $3.2M 0.33% 28,402 SH
48 STATE STR SPDR S&P 500 ETF T Call SPY 78462F103 $3.2M 0.33% 4,300 SH
49 STATE STR SPDR S&P 500 ETF T Call SPY 78462F103 $3.1M 0.32% 4,200 SH
50 INVESCO QQQ TR QQQ 46090E103 $3.0M 0.31% 4,079 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-31 $973.0M 730 0002045703-26-000001
2026-03-31 2026-05-11 $889.9M 299 0001172661-26-001641
2025-12-31 2026-01-27 $848.3M 173 0001172661-26-000317
2025-09-30 2025-10-27 $747.2M 157 0001172661-25-004437