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ZEGA Investments Portfolio holdings
AUM
$973M
Turnover
25.62%
1-Year Est. Return
27.27%
This Fund
S&P 500
This Quarter Est. Return
+16.52%
1 Year Est. Return
+27.27%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$973M
AUM Growth
+$83.2M
(+9.3%)
Cap. Flow
+$17.8M
Cap. Flow % of AUM
Cap. Flow %
1.83%
Top 10 Holdings %
Top 10 Hldgs %
53.48%
Holding
363
New
64
Increased
105
Reduced
114
Closed
29
Avg Time Held
Equity + Options
0.6
years
Top 10 Avg Time Held
Equity + Options
1
year
Top 20 Avg Time Held
Equity + Options
1.1
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
1.2
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$7.81M |
| 2 |
Costco
COST
|
+$3.49M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$2.97M |
| 4 |
Automatic Data Processing
ADP
|
+$2.47M |
| 5 |
NVIDIA
NVDA
|
+$2.07M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$6.82M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.77M |
| 3 |
JPMorgan Chase
JPM
|
+$2.71M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$1.52M |
| 5 |
Kinder Morgan
KMI
|
+$1.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 60.87% |
| 2 | Technology | 18.59% |
| 3 | Consumer Discretionary | 4.66% |
| 4 | Consumer Staples | 3.49% |
| 5 | Healthcare | 2.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$798B
| $104M | 10.74% |
139,900
+900
| +0.6% | +$653K |
2024 Q4
6 quarters
|
|
|
2
Apple
AAPL
$4.93T
| $94M | 9.66% |
324,998
-23,833
| -7% | -$6.82M |
2024 Q4
6 quarters
|
|
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$798B
| $81M | 8.33% |
108,500
-7,700
| -7% | -$5.58M |
2024 Q4
6 quarters
|
|
4
State Street Blackstone High Income ETF
HYBL
$581M
| $54M | 5.55% |
1,933,377
+38,396
| +2% | +$1.08M |
2024 Q4
6 quarters
|
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$798B
| $48.4M | 4.97% |
64,796
-6,586
| -9% | -$4.77M |
2024 Q4
6 quarters
|
|
|
6
NVIDIA
NVDA
$4.93T
| $36M | 3.7% |
179,783
+10,053
| +6% | +$2.07M |
2024 Q4
6 quarters
|
|
|
7
CALL
Apple
AAPL
$4.93T
| $33.1M | 3.4% |
114,300
-12,200
| -10% | -$3.49M |
2024 Q4
6 quarters
|
|
|
8
Costco
COST
$461B
| $24.7M | 2.53% |
26,358
+3,500
| +15% | +$3.49M |
2024 Q4
6 quarters
|
|
9
Zega Buy & Hedge ETF
ZHDG
$30.8M
| $23.6M | 2.43% |
1,002,872
-33,511
| -3% | -$769K |
2024 Q4
6 quarters
|
|
10
Amazon
AMZN
$2.69T
| $21.1M | 2.17% |
88,567
+4,995
| +6% | +$1.25M |
2024 Q4
6 quarters
|
|
|
11
CALL
NVIDIA
NVDA
$4.93T
| $20.4M | 2.09% |
101,800
-17,400
| -15% | -$3.58M |
2025 Q1
5 quarters
|
|
|
12
CALL
Costco
COST
$461B
| $20.1M | 2.07% |
21,500
+2,600
| +14% | +$2.59M |
2025 Q4
2 quarters
|
|
13
Tesla
TSLA
$1.6T
| $15.8M | 1.62% |
37,452
+4,096
| +12% | +$1.63M |
2024 Q4
6 quarters
|
|
14
Microsoft
MSFT
$3.82T
| $14.2M | 1.46% |
38,149
+3,936
| +12% | +$1.59M |
2024 Q4
6 quarters
|
|
|
15
Micron Technology
MU
$947B
| $12.4M | 1.28% |
10,750
+10,415
| +3,109% | +$7.81M |
2026 Q1
1 quarter
|
|
|
16
CALL
Amazon
AMZN
$2.69T
| $11.6M | 1.19% |
48,500
+1,600
| +3% | +$402K |
2024 Q4
6 quarters
|
|
17
PUT
Invesco QQQ Trust
QQQ
$463B
| $9.9M | 1.01% |
13,400
-3,800
| -22% | -$2.61M |
2024 Q4
6 quarters
|
|
18
ExxonMobil
XOM
$738B
| $9.7M | 1% |
71,190
+200
| +0.3% | +$29.9K |
2024 Q4
6 quarters
|
|
|
19
Alphabet (Google) Class A
GOOGL
$3.48T
| $9.23M | 0.95% |
25,830
+8,239
| +47% | +$2.97M |
2024 Q4
6 quarters
|
|
20
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.33B
| $8.34M | 0.86% |
333,266
-3,592
| -1% | -$90K |
2024 Q4
6 quarters
|
|
21
State Street Blackstone Senior Loan ETF
SRLN
$5.14B
| $8.05M | 0.83% |
199,821
-262
| -0.1% | -$10.6K |
2024 Q4
6 quarters
|
|
22
Aflac
AFL
$62.3B
| $7.98M | 0.82% |
68,087
+21
| +0% | +$2.42K |
2024 Q4
6 quarters
|
|
23
Eli Lilly
LLY
$1.26T
| $7.96M | 0.82% |
6,635
-1,168
| -15% | -$1.19M |
2024 Q4
6 quarters
|
|
24
Meta Platforms (Facebook)
META
$1.59T
| $7.46M | 0.77% |
13,246
-767
| -5% | -$469K |
2024 Q4
6 quarters
|
|
|
25
CALL
Aflac
AFL
$62.3B
| $6.96M | 0.72% |
59,400
| – | – |
2025 Q2
4 quarters
|
|
Similar funds
KCM
ZEGA Investments's Q2 2026 Portfolio in Review
As of Q2 2026, ZEGA Investments held 363 positions worth $973M, up 9.3% from $890M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
ZEGA Investments's Q2 2026 filing shows 64 new, 105 increased, 114 reduced and 29 closed positions. Its largest new stake was Automatic Data Processing: 11,553 shares worth $2.59M. The largest sale was Apple, an estimated $6.82M.
By sector, the portfolio is most concentrated in Miscellaneous at 61% of assets, down from 64% a quarter earlier, followed by Technology and Consumer Discretionary.
- ZEGA Investments's largest Q2 2026 buy was Automatic Data Processing: 11,553 shares worth $2.59M.
- ZEGA Investments added most to Micron Technology in Q2 2026, an estimated $7.81M increase.
- ZEGA Investments's biggest Q2 2026 reduction was Apple, cutting an estimated $6.82M.
- ZEGA Investments fully exited Kinder Morgan in Q2 2026, selling an estimated $1.49M.
- ZEGA Investments's ten largest holdings make up 53% of its $973M portfolio in Q2 2026.
- ZEGA Investments opened 64 new positions and closed 29 in Q2 2026.
- ZEGA Investments's portfolio value rose 9.3% quarter-over-quarter to $973M.
Based on ZEGA Investments's 13F filing for Q2 2026, filed 31 Jul 2026.