Zega Buy & Hedge ETF
ZHDG
11 hedge funds and large institutions have $32.5M invested in Zega Buy & Hedge ETF in 2025 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 3 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $32.8M → $32.5M (-$360K)
6.39% less ownership
Funds ownership: 116.35% → 109.96% (-6.4%)
21% less funds holding
Funds holding: 14 → 11 (-3)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZI
ZEGA Investments
Palm Beach Gardens,
Florida
|
+$2.88M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$380K |
| 3 |
OAS
Optivise Advisory Services
Franklin,
Tennessee
|
+$131K |
| 4 |
W
WorthPointe
La Jolla,
California
|
+$43.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACG
Allen Capital Group
Grand Island,
Nebraska
|
-$2.53M |
| 2 |
Jane Street
New York
|
-$1.82M |
| 3 |
RFM
Royal Fund Management
Lady Lake,
Florida
|
-$551K |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$411K |
| 5 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
-$302K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ZI
1
ZEGA Investments
Palm Beach Gardens,
Florida
| $17.7M | +$2.88M | +131,254 | +20% |
|
|
ACG
2
Allen Capital Group
Grand Island,
Nebraska
| $8.18M | -$2.53M | -115,214 | -24% |
|
|
CAS
3
Coppell Advisory Solutions
Coppell,
Texas
| $1.85M | -$77.2K | -3,517 | -4% |
|
|
4
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $1.41M | +$380K | +17,335 | +39% |
|
|
OAS
5
Optivise Advisory Services
Franklin,
Tennessee
| $1.24M | +$131K | +5,969 | +12% |
|
|
BCM
6
BluePath Capital Management
Atlanta,
Georgia
| $546K | – | – | – |
|
|
W
7
WorthPointe
La Jolla,
California
| $458K | +$43.9K | +2,000 | +11% |
|
|
8
Jane Street
New York
| $386K | -$1.82M | -83,061 | -83% |
|
|
RFM
9
Royal Fund Management
Lady Lake,
Florida
| $382K | -$551K | -25,094 | -60% |
|
|
GS
10
GTS Securities
New York
| $277K | -$158K | -7,206 | -37% |
|
11
UBS Group
Zurich,
Switzerland
| $51.9K | -$26.9K | -1,227 | -35% |
|
|
OMC
12
Old Mission Capital
Chicago,
Illinois
| – | -$411K | -19,282 | Closed |
|
|
VCM
13
Virtue Capital Management
Brentwood,
Tennessee
| – | -$302K | -14,169 | Closed |
|
ZHDG Hedge Fund Activity: Q3 2025 in Review
11 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in Zega Buy & Hedge ETF (ZHDG) for Q3 2025, worth a combined $32.5M — down 1.1% from $32.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of ZHDG and 0 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 4 added.
The largest buyer was ZEGA Investments, adding an estimated $2.88M. The largest seller was Allen Capital Group, cutting an estimated $2.53M.
- 11 institutional investors held Zega Buy & Hedge ETF (ZHDG) as of Q3 2025, down from 14 in Q2 2025.
- Funds reported $32.5M of Zega Buy & Hedge ETF stock for Q3 2025, down 1.1% quarter-over-quarter.
- 0 funds opened new Zega Buy & Hedge ETF positions in Q3 2025 and 3 closed out, a net change of -3 holders.
- The largest Zega Buy & Hedge ETF buyer in Q3 2025 was ZEGA Investments, an estimated $2.88M added.
- The largest Zega Buy & Hedge ETF seller in Q3 2025 was Allen Capital Group, an estimated $2.53M sold.
Based on aggregated 13F filings for Q3 2025.