We are live on ! Find out more
ZI

ZEGA Investments Portfolio holdings

AUM $890M
1-Year Est. Return 17.33%
This Fund
S&P 500
This Quarter Est. Return
+7.42%
1 Year Est. Return
+17.33%
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
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$129M 17.59%
208,500
+9,300
+5% +$5.32M
SPY icon
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$112M 15.24%
180,700
-21,700
-11% -$12.4M
AAPL icon
3
Apple
AAPL
$4.95T
$54.2M 7.4%
264,275
+10,710
+4% +$2.16M
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$41.8M 5.71%
67,716
+12,269
+22% +$7.01M
HYBL icon
5
State Street Blackstone High Income ETF
HYBL
$569M
$33.9M 4.63%
1,187,291
+841,188
+243% +$23.6M
AAPL icon
6
CALL
Apple
AAPL
$4.95T
$30.8M 4.2%
149,900
+12,900
+9% +$2.61M
AMZN icon
7
Amazon
AMZN
$2.49T
$18.6M 2.54%
84,789
-226
-0.3% -$44.7K
AMZN icon
8
CALL
Amazon
AMZN
$2.49T
$17.7M 2.42%
80,700
+23,700
+42% +$4.69M
MSFT icon
9
Microsoft
MSFT
$2.89T
$15.4M 2.1%
30,970
+2,872
+10% +$1.25M
NVDA icon
10
NVIDIA
NVDA
$4.76T
$15.3M 2.09%
96,949
+24,544
+34% +$3.09M
SJNK icon
11
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.88B
$15.3M 2.09%
600,900
-240,697
-29% -$6.02M
SRLN icon
12
State Street Blackstone Senior Loan ETF
SRLN
$5.3B
$14.6M 2%
351,761
-253,375
-42% -$10.4M
ZHDG icon
13
Zega Buy & Hedge ETF
ZHDG
$34.8M
$13.8M 1.88%
647,649
-121,213
-16% -$2.42M
TSLA icon
14
Tesla
TSLA
$1.22T
$8.46M 1.15%
26,632
+8,217
+45% +$2.48M
AAPL icon
15
PUT
Apple
AAPL
$4.95T
$8.41M 1.15%
41,000
-17,200
-30% -$3.47M
XOM icon
16
ExxonMobil
XOM
$642B
$7.62M 1.04%
70,714
-95
-0.1% -$10.2K
AFL icon
17
Aflac
AFL
$64.4B
$7.16M 0.98%
67,859
+3,859
+6% +$405K
XOM icon
18
CALL
ExxonMobil
XOM
$642B
$6.59M 0.9%
61,100
+17,100
+39% +$1.83M
GOOG icon
19
Alphabet (Google) Class C
GOOG
$3.99T
$6.37M 0.87%
35,911
+9,227
+35% +$1.52M
AFL icon
20
CALL
Aflac
AFL
$64.4B
$6.26M 0.86%
+59,400
New +$6.24M
QQQ icon
21
PUT
Invesco QQQ Trust
QQQ
$449B
$5.79M 0.79%
10,500
-100
-0.9% -$49.7K
NVDA icon
22
CALL
NVIDIA
NVDA
$4.76T
$5.55M 0.76%
35,100
-1,600
-4% -$201K
JEPI icon
23
JPMorgan Equity Premium Income ETF
JEPI
$45.6B
$5.42M 0.74%
95,410
-4,564
-5% -$253K
COST icon
24
Costco
COST
$422B
$5.31M 0.72%
5,363
+423
+9% +$420K
LLY icon
25
Eli Lilly
LLY
$1.07T
$5.05M 0.69%
6,476
+4,764
+278% +$3.7M
1
2 3 4 5

Similar funds

JCM
Jag Capital Management St Louis, Missouri $889M AUM 42.63% 1-Year Est. Return
KWM
Keebeck Wealth Management Chicago, Illinois $889M AUM 20.87% 1-Year Est. Return
CCG
Cypress Capital Group Palm Beach, Florida $889M AUM 27.23% 1-Year Est. Return
TOCUITCONY
Trustees of Columbia University in the City of New York New York $891M AUM 17.3% 1-Year Est. Return
PCM
Prime Capital Management Hong Kong $891M AUM 83.14% 1-Year Est. Return
FCM
FJ Capital Management Mclean, Virginia $888M AUM 18.97% 1-Year Est. Return
BFC
Bedel Financial Consulting Indianapolis, Indiana $888M AUM 19.91% 1-Year Est. Return
SFM
Signet Financial Management Parsippany, New Jersey $892M AUM 23.24% 1-Year Est. Return

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.