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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
COWG icon
51
Pacer US Large Cap Cash Cows Growth Leaders ETF
COWG
$2.28B
$1.89M 0.26%
+53,971
New +$1.77M
IVV icon
52
iShares Core S&P 500 ETF
IVV
$902B
$1.88M 0.26%
3,024
+36
+1% +$20.7K
GLD icon
53
SPDR Gold Trust
GLD
$141B
$1.84M 0.25%
6,025
-374
-6% -$113K
ISRG icon
54
Intuitive Surgical
ISRG
$134B
$1.83M 0.25%
3,363
+332
+11% +$174K
HON icon
55
Honeywell
HON
$78B
$1.83M 0.25%
8,320
+6,518
+362% +$1.32M
GS icon
56
Goldman Sachs
GS
$303B
$1.78M 0.24%
+2,517
New +$1.46M
BRK.B icon
57
Berkshire Hathaway Class B
BRK.B
$1.13T
$1.75M 0.24%
3,596
+547
+18% +$278K
ULST icon
58
State Street Ultra Short Term Bond ETF
ULST
$526M
$1.7M 0.23%
41,836
+11,089
+36% +$450K
ICSH icon
59
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.13B
$1.66M 0.23%
32,653
+9,570
+41% +$484K
GEV icon
60
GE Vernova
GEV
$264B
$1.65M 0.23%
+3,127
New +$1.3M
GSST icon
61
Goldman Sachs Access Ultra Short Bond ETF
GSST
$1.58B
$1.65M 0.23%
32,656
+8,807
+37% +$444K
IBIT icon
62
CALL
iShares Bitcoin Trust
IBIT
$47.8B
$1.65M 0.22%
+26,900
New +$1.51M
BUFZ icon
63
FT Vest Laddered Moderate Buffer ETF
BUFZ
$1.02B
$1.61M 0.22%
+64,541
New +$1.54M
PWR icon
64
Quanta Services
PWR
$101B
$1.59M 0.22%
+4,218
New +$1.35M
WMT icon
65
CALL
Walmart Inc
WMT
$890B
$1.57M 0.21%
+16,100
New +$1.53M
USB icon
66
US Bancorp
USB
$99.6B
$1.51M 0.21%
33,455
+262
+0.8% +$11K
USB icon
67
CALL
US Bancorp
USB
$99.6B
$1.49M 0.2%
32,900
+300
+0.9% +$12.6K
PGR icon
68
Progressive
PGR
$125B
$1.45M 0.2%
+5,431
New +$1.49M
SPYD icon
69
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$8.78B
$1.43M 0.19%
33,605
+6,917
+26% +$291K
ACWI icon
70
CALL
iShares MSCI ACWI ETF
ACWI
$33.5B
$1.4M 0.19%
10,900
– –
KMI icon
71
Kinder Morgan
KMI
$68.7B
$1.31M 0.18%
+44,601
New +$1.22M
FANG icon
72
Diamondback Energy
FANG
$52.7B
$1.27M 0.17%
9,270
-2,551
-22% -$353K
SYK icon
73
Stryker
SYK
$130B
$1.27M 0.17%
3,212
-8
-0.2% -$2.99K
GOOGL icon
74
Alphabet (Google) Class A
GOOGL
$4.33T
$1.24M 0.17%
7,064
-8,774
-55% -$1.44M
KO icon
75
Coca-Cola
KO
$375B
$1.21M 0.17%
17,095
– –
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.