ZEGA Investments, LLC — 13F Holdings & Portfolio
CIK 2045703 · latest 13F-HR filed 2026-01-27
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.
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AUM
$848.3M
Long-equity book
Holdings
173
Distinct positions
Period
2025-12-31
Filed 2026-01-27
Q/Q Activity
+32 / −18 / ↑59 / ↓30
vs 2025-09-30
Firm Profile & Key People
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- APPLE INC$25.9M +37.9%
- SSGA ACTIVE TR$11.3M +30.7%
- SPDR S&P 500 ETF TR$9.5M +23.8%
- META PLATFORMS INC$5.5M +169.5%
- GRANITESHARES ETF TR$4.9M +758.6%
Top Trims
- SPDR SERIES TRUST-$4.5M -29.3%
- SSGA ACTIVE ETF TR-$4.2M -28.5%
- J P MORGAN EXCHANGE TRADED F-$2.4M -89.4%
- STRATEGY INC-$2.1M -74.9%
- SPDR SERIES TRUST-$2.0M -47.8%
New Positions
- CAPITAL GROUP DIVIDEND VALUE$2.0M
- 3M CO$1.2M
- TJX COS INC NEW$1.0M
- SPDR GOLD TR$1.0M
- ENERGY TRANSFER L P$926.2K
Exited Positions
- GARMIN LTD$1.1M
- WILLIS TOWERS WATSON PLC LTD$984.5K
- LIVE NATION ENTERTAINMENT IN$888.7K
- GILEAD SCIENCES INC$679.6K
- CAMBRIA ETF TR$460.1K
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 | SPDR S&P 500 ETF TR Call | SPY | 78462F103 | $100.0M | 11.78% | 146,600 | SH |
| 2 | APPLE INC | AAPL | 037833100 | $94.4M | 11.12% | 347,055 | SH |
| 3 | SPDR S&P 500 ETF TR Put | SPY | 78462F103 | $82.3M | 9.70% | 120,700 | SH |
| 4 | SPDR S&P 500 ETF TR | SPY | 78462F103 | $49.6M | 5.84% | 72,663 | SH |
| 5 | SSGA ACTIVE TR | HYBL | 78470P846 | $47.9M | 5.65% | 1,685,210 | SH |
| 6 | APPLE INC Call | AAPL | 037833100 | $45.4M | 5.35% | 167,000 | SH |
| 7 | NVIDIA CORPORATION | NVDA | 67066G104 | $26.0M | 3.07% | 139,669 | SH |
| 8 | TIDAL TRUST I | ZHDG | 886364660 | $21.3M | 2.51% | 941,836 | SH |
| 9 | AMAZON COM INC | AMZN | 023135106 | $19.9M | 2.34% | 86,138 | SH |
| 10 | MICROSOFT CORP | MSFT | 594918104 | $18.0M | 2.12% | 37,179 | SH |
| 11 | NVIDIA CORPORATION Call | NVDA | 67066G104 | $16.3M | 1.92% | 87,400 | SH |
| 12 | AMAZON COM INC Call | AMZN | 023135106 | $14.4M | 1.70% | 62,300 | SH |
| 13 | TESLA INC | TSLA | 88160R101 | $14.3M | 1.69% | 31,895 | SH |
| 14 | COSTCO WHSL CORP NEW | COST | 22160K105 | $13.9M | 1.64% | 16,150 | SH |
| 15 | SPDR SERIES TRUST | SJNK | 78468R408 | $10.9M | 1.28% | 429,398 | SH |
| 16 | SSGA ACTIVE ETF TR | SRLN | 78467V608 | $10.6M | 1.25% | 257,316 | SH |
| 17 | INVESCO QQQ TR Put | QQQ | 46090E103 | $10.6M | 1.25% | 17,200 | SH |
| 18 | COSTCO WHSL CORP NEW Call | COST | 22160K105 | $9.4M | 1.11% | 10,900 | SH |
| 19 | EXXON MOBIL CORP | XOM | 30231G102 | $8.9M | 1.05% | 73,862 | SH |
| 20 | META PLATFORMS INC | META | 30303M102 | $8.7M | 1.03% | 13,209 | SH |
| 21 | ELI LILLY & CO | LLY | 532457108 | $8.2M | 0.97% | 7,656 | SH |
| 22 | APPLE INC Put | AAPL | 037833100 | $8.2M | 0.96% | 30,100 | SH |
| 23 | AFLAC INC | AFL | 001055102 | $7.5M | 0.88% | 67,975 | SH |
| 24 | EXXON MOBIL CORP Call | XOM | 30231G102 | $7.4M | 0.87% | 61,300 | SH |
| 25 | MICROSOFT CORP Call | MSFT | 594918104 | $6.9M | 0.82% | 14,300 | SH |
| 26 | AFLAC INC Call | AFL | 001055102 | $6.6M | 0.77% | 59,400 | SH |
| 27 | ABBVIE INC | ABBV | 00287Y109 | $6.1M | 0.72% | 26,775 | SH |
| 28 | ABBVIE INC Call | ABBV | 00287Y109 | $5.7M | 0.67% | 25,000 | SH |
| 29 | GRANITESHARES ETF TR | NVDL | 38747R827 | $5.6M | 0.66% | 63,467 | SH |
| 30 | GRANITESHARES ETF TR Call | NVDL | 38747R827 | $5.5M | 0.65% | 62,700 | SH |
| 31 | ALPHABET INC | GOOGL | 02079K305 | $5.3M | 0.62% | 16,788 | SH |
| 32 | JPMORGAN CHASE & CO. | JPM | 46625H100 | $5.3M | 0.62% | 16,305 | SH |
| 33 | ALPHABET INC | GOOG | 02079K107 | $4.9M | 0.58% | 15,686 | SH |
| 34 | JPMORGAN CHASE & CO. Call | JPM | 46625H100 | $4.1M | 0.49% | 12,800 | SH |
| 35 | VISA INC | V | 92826C839 | $3.8M | 0.45% | 10,817 | SH |
| 36 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $3.7M | 0.44% | 11,276 | SH |
| 37 | BROADCOM INC | AVGO | 11135F101 | $3.4M | 0.40% | 9,874 | SH |
| 38 | INVESCO QQQ TR Call | QQQ | 46090E103 | $2.8M | 0.33% | 4,600 | SH |
| 39 | PALANTIR TECHNOLOGIES INC | PLTR | 69608A108 | $2.8M | 0.33% | 15,610 | SH |
| 40 | NORFOLK SOUTHN CORP | NSC | 655844108 | $2.6M | 0.30% | 8,934 | SH |
| 41 | WALMART INC | WMT | 931142103 | $2.5M | 0.29% | 22,204 | SH |
| 42 | HOME DEPOT INC | HD | 437076102 | $2.4M | 0.29% | 7,118 | SH |
| 43 | MCKESSON CORP | MCK | 58155Q103 | $2.4M | 0.29% | 2,972 | SH |
| 44 | PALANTIR TECHNOLOGIES INC Call | PLTR | 69608A108 | $2.4M | 0.28% | 13,600 | SH |
| 45 | SPDR SERIES TRUST | BIL | 78468R663 | $2.2M | 0.26% | 24,021 | SH |
| 46 | TIDAL TRUST II | SPYT | 88636J568 | $2.2M | 0.26% | 125,137 | SH |
| 47 | TIDAL TRUST II | BIGY | 88636R750 | $2.2M | 0.26% | 41,477 | SH |
| 48 | CATERPILLAR INC | CAT | 149123101 | $2.1M | 0.25% | 3,659 | SH |
| 49 | ISHARES TR | IVV | 464287200 | $2.0M | 0.24% | 2,956 | SH |
| 50 | CAPITAL GROUP DIVIDEND VALUE | CGDV | 14020W106 | $2.0M | 0.24% | 45,950 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2025-12-31 | 2026-01-27 | $848.3M | 173 | 0001172661-26-000317 |
| 2025-09-30 | 2025-10-27 | $747.2M | 157 | 0001172661-25-004437 |