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ZI

ZEGA Investments Portfolio holdings

AUM $973M
1-Year Est. Return 27.27%
This Fund
S&P 500
This Quarter Est. Return
+7.42%
1 Year Est. Return
+27.27%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$733M
AUM Growth
+$76.6M
Cap. Flow
+$33.1M
Cap. Flow %
4.52%
Top 10 Hldgs %
63.92%
Holding
163
New
27
Increased
61
Reduced
42
Closed
22

Top Buys

Rank Stock Value
1
HYBL icon
State Street Blackstone High Income ETF
HYBL
+$23.6M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$7.01M
3
KNG icon
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
+$3.78M
4
LLY icon
Eli Lilly
LLY
+$3.7M
5
NVDA icon
NVIDIA
NVDA
+$3.09M

Top Sells

Rank Stock Value
1
SRLN icon
State Street Blackstone Senior Loan ETF
SRLN
+$10.4M
2
SJNK icon
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
+$6.02M
3
ZHDG icon
Zega Buy & Hedge ETF
ZHDG
+$2.42M
4
THTA icon
SoFi Enhanced Yield ETF
THTA
+$2.09M
5
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$2.06M

Sector Composition

Rank Sector Weight
1 Technology 13.09%
2 Consumer Discretionary 4.23%
3 Financials 2.81%
4 Healthcare 2.53%
5 Communication Services 1.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
26
CALL
Invesco QQQ Trust
QQQ
$484B
$4.19M 0.57%
7,600
-4,300
-36% -$2.14M
KNG icon
27
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.46B
$3.82M 0.52%
+77,773
New +$3.78M
JPST icon
28
JPMorgan Ultra-Short Income ETF
JPST
$40.3B
$3.8M 0.52%
74,979
+8,088
+12% +$409K
BIL icon
29
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.9B
$3.77M 0.52%
41,136
+32,786
+393% +$3M
META icon
30
Meta Platforms (Facebook)
META
$1.51T
$3.76M 0.51%
5,093
-256
-5% -$158K
V icon
31
Visa
V
$677B
$3.63M 0.5%
10,228
-103
-1% -$35.9K
GSY icon
32
Invesco Ultra Short Duration ETF
GSY
$3.9B
$3.39M 0.46%
67,643
+3,203
+5% +$161K
UNH icon
33
UnitedHealth
UNH
$370B
$3.32M 0.45%
10,654
+584
+6% +$223K
YMAX icon
34
YieldMax Universe Fund of Option Income ETFs
YMAX
$403M
$3.13M 0.43%
227,247
+32,528
+17% +$433K
FTSM icon
35
First Trust Enhanced Short Maturity ETF
FTSM
$6.5B
$2.99M 0.41%
49,935
+1,130
+2% +$67.7K
SCHV
36
Schwab US Large-Cap Value ETF
SCHV
$16.1B
$2.98M 0.41%
107,734
+45,152
+72% +$1.19M
PULS icon
37
PGIM Ultra Short Bond ETF
PULS
$18.3B
$2.94M 0.4%
59,005
+1,968
+3% +$97.6K
SPYT icon
38
Defiance S&P 500 Income Target ETF
SPYT
$157M
$2.9M 0.4%
159,456
+29,519
+23% +$508K
IBIT icon
39
iShares Bitcoin Trust
IBIT
$47.8B
$2.9M 0.4%
47,319
+42,962
+986% +$2.41M
ABBV icon
40
AbbVie
ABBV
$435B
$2.67M 0.36%
14,359
-1,478
-9% -$275K
JEPQ icon
41
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$40.9B
$2.41M 0.33%
44,351
+937
+2% +$48.3K
MSTR icon
42
Strategy Inc
MSTR
$38.4B
$2.3M 0.31%
5,687
+4,065
+251% +$1.48M
JPM icon
43
JPMorgan Chase
JPM
$950B
$2.23M 0.3%
7,696
+907
+13% +$231K
INTU icon
44
Intuit
INTU
$89B
$2.21M 0.3%
2,805
-6
-0.2% -$4.06K
PANW icon
45
Palo Alto Networks
PANW
$297B
$2.19M 0.3%
10,721
-45
-0.4% -$8.36K
MCK icon
46
McKesson
MCK
$101B
$2.18M 0.3%
2,970
-125
-4% -$88.2K
WMT icon
47
Walmart Inc
WMT
$890B
$2.17M 0.3%
22,214
-201
-0.9% -$19.1K
ABBV icon
48
CALL
AbbVie
ABBV
$435B
$2.15M 0.29%
+11,600
New +$2.16M
HD icon
49
Home Depot
HD
$355B
$2.07M 0.28%
5,640
+2,767
+96% +$1M
NFLX icon
50
Netflix
NFLX
$309B
$1.99M 0.27%
14,870
+1,170
+9% +$132K
1
2
3 4 5

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ZEGA Investments's Q2 2025 Portfolio in Review

As of Q2 2025, ZEGA Investments held 163 positions worth $733M, up 12% from $656M the previous quarter. Its ten largest holdings account for 64% of the portfolio.

ZEGA Investments deployed $33.1M of net new capital in Q2 2025, opening 27 new positions and adding to 61 existing holdings. Its largest new stake was FT Vest S&P 500 Dividend Aristocrats Target Income ETF: 77,773 shares worth $3.82M.

By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 13% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was State Street Blackstone Senior Loan ETF, an estimated $10.4M trimmed.

  • ZEGA Investments's largest Q2 2025 buy was FT Vest S&P 500 Dividend Aristocrats Target Income ETF: 77,773 shares worth $3.82M.
  • ZEGA Investments added most to State Street Blackstone High Income ETF in Q2 2025, an estimated $23.6M increase.
  • ZEGA Investments's biggest Q2 2025 reduction was State Street Blackstone Senior Loan ETF, cutting an estimated $10.4M.
  • ZEGA Investments fully exited SoFi Enhanced Yield ETF in Q2 2025, selling an estimated $2.09M.
  • ZEGA Investments's ten largest holdings make up 64% of its $733M portfolio in Q2 2025.
  • ZEGA Investments opened 27 new positions and closed 22 in Q2 2025.
  • ZEGA Investments's portfolio value rose 12% quarter-over-quarter to $733M.

Based on ZEGA Investments's 13F filing for Q2 2025, filed 6 Aug 2025.