ZF
Zega Financial, LLC Historical SEC 13F Holdings & Archive (Q3 2024)
Zega Financial, LLCCIK: 0001610186
Concentrated strategySector-focusedLong-term holder
Total reported value
$660.0M
Reporting period: 2024-09-30 · Number of holdings: 112
Zega Financial, LLC disclosed 112 holdings in its latest 13F filing for the period ending 2024-09-30, with total reported value of $660.0M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 40.22
Zega Financial, LLC's disclosed holdings carry a Herfindahl concentration index of 0.337 — mathematically equivalent to about 3 equally-sized positions, well below its 112 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 5.98), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 25% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 108 holdings (of 112 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 56.89% | — | +19.99% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 9.19% | — | +1.55% | |
| 3 | SRLN | Ss Blackstone Sr Loan ETF | ETF-Other | 3.46% | — | +1.81% | |
| 4 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-Other | 3.33% | — | +18.50% | |
| 5 | ZHDG | Zega Buy And Hedge ETF | ETF-Other | 2.40% | — | -3.40% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 2.25% | — | +7.08% | |
| 7 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.80% | — | +22.98% | |
| 8 | XOM | Exxon Mobil CORP | Stock-Energy | 1.41% | — | +5.28% | |
| 9 | NVDA | Nvidia CORP | Stock-Tech | 1.33% | — | +22.10% | |
| 10 | HYBL | Ss Blackstone High Inc ETF | ETF-Other | 1.29% | — | +12.80% | |
| 11 | FANG | Diamondback Energy Inc | Stock-Energy | 1.18% | — | -2.55% | |
| 12 | AFL | Aflac Inc | Stock-Financials | 1.08% | — | -5.99% | |
| 13 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.07% | — | +13.26% | |
| 14 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.89% | — | +27.76% | |
| 15 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.66% | — | -1.39% | |
| 16 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.63% | — | +28.62% | |
| 17 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.52% | — | +0.45% | |
| 18 | YMAX | Yieldmax Universe Fo In Etfs | ETF-Other | 0.52% | — | -11.06% | |
| 19 | SPYT | Defiance S&p 500 Tar Inc ETF | ETF-Large Cap & Growth | 0.42% | — | +133.74% | |
| 20 | THTA | Sofi Enhanced Yield ETF | ETF-Other | 0.40% | — | +3.44% | |
| 21 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.33% | — | +20.88% | |
| 22 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.31% | — | +0.81% | |
| 23 | JEPI | Jpmorgan Equity Premium Inco | ETF-Other | 0.29% | — | -7.70% | |
| 24 | ANETEUR | Arista Networks Inc | Stock-Other | 0.26% | — | -0.25% | |
| 25 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.23% | — | -24.69% | |
| 26 | MCK | Mckesson CORP | Stock-Healthcare | 0.23% | — | -0.35% | |
| 27 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 0.23% | — | +30.43% | |
| 28 | SPYD | Ss Spdr P S&p 500 Hi Div ETF | ETF-Large Cap & Growth | 0.23% | — | — | |
| 29 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.22% | — | -15.49% | |
| 30 | GSY | Invesco Ultra Short Duration | ETF-Other | 0.22% | — | +31.41% | |
| 31 | CAT | Caterpillar Inc | Stock-Industrials | 0.21% | — | +3.45% | |
| 32 | FTSM | First Trust Enh Short Mat Fd | ETF-Other | 0.20% | — | +23.73% | |
| 33 | PULS | Pgim Ultra Short Bond ETF | ETF-Other | 0.19% | — | +30.10% | |
| 34 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.19% | — | +0.04% | |
| 35 | JPSE | JPM Diversified Rt Small Cap | ETF-Small Cap | 0.18% | — | +44.90% | |
| 36 | XLF | Ss Financial Select Sector | ETF-Other | 0.18% | — | +41.19% | |
| 37 | ADBE | Adobe Inc | Stock-Tech | 0.17% | — | -15.20% | |
| 38 | COWZ | Pacer US Cash Cows 100 ETF | ETF-Other | 0.17% | — | -16.49% | |
| 39 | XLI | Ss Industrial Select Sector | ETF-Other | 0.16% | — | -2.77% | |
| 40 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 0.16% | — | -34.64% | |
| 41 | PCAR | Paccar Inc | Stock-Industrials | 0.16% | — | -0.34% | |
| 42 | HD | Home Depot Inc | Stock-Consumer Disc | 0.16% | — | +0.04% | |
| 43 | AMGN | Amgen Inc | Stock-Healthcare | 0.16% | — | — | |
| 44 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.15% | — | — | |
| 45 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 0.15% | — | -7.51% | |
| 46 | CALF | Pcr US Sm Cp Csh Cws Etf-usd | ETF-Other | 0.15% | — | -28.17% | |
| 47 | INTU | Intuit Inc | Stock-Tech | 0.14% | — | +0.59% | |
| 48 | GWW | Ww Grainger Inc | Stock-Industrials | 0.14% | — | +2.42% | |
| 49 | TDG | Transdigm Group Inc | Stock-Industrials | 0.14% | — | -2.90% | |
| 50 | USB | US Bancorp | Stock-Financials | 0.14% | — | — |
1–50 of 108
Portfolio Performance
Performance for Q3 2026
+2.3%
Performance Last 4 Quarters
+20.9%
- Stdev
- +11%
- Beta
- +0.89
- Alpha
- +1.1%
- Max Drawdown
- -7.6%
- Annualized Perf
- +18.4%
- Batting Avg vs S&P
- +53.3%
- Sortino
- +3.46
- Stutzer
- +0.47
- Treynor
- +0.2
- Sterling
- +1.14
- Calmar
- +2.41
- Information Ratio
- -0.38
- Tracking Error
- +2.4%
- Stdev Down
- +5.1%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +29.3%
- Worst 12 Months
- +8.9%
- Efficiency Ratio
- +0.62
- Sharpe
- +1.6
- Stdev Sectors
- +15.8%
- Skewness
- +0.04
- Kurtosis
- -0.05
- Upside Potential
- +5.06
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Zega Financial, LLC and what type of investor is it?
Zega Financial, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2024-09-30), the firm manages a tracked equity portfolio valued at approximately $660.0M, spread across 112 disclosed positions.
What are Zega Financial, LLC's largest equity positions?
Based on the latest 13F filing, Zega Financial, LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $375.5M (56.9%)
2. Apple Inc (AAPL) — $60.6M (9.2%)
3. Ss Blackstone Sr Loan ETF (SRLN) — $22.8M (3.5%)
4. Ss Spdr Bb St Hi Yield ETF (SJNK) — $22.0M (3.3%)
5. Zega Buy And Hedge ETF (ZHDG) — $15.8M (2.4%)
What changes did Zega Financial, LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for Zega Financial, LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Zega Financial, LLC focus on?
Zega Financial, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 54.7%
• Energy: 11.4%
• Consumer Discretionary: 9.0%
• Health Care: 8.2%
• Financials: 6.1%
• Consumer Staples: 4.0%
Investment Profile
Zega Financial, LLC returned an annualized 18.4% over the trailing 30 months — outperforming the S&P 500 by 1.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.89 (less volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 54.7% of the portfolio concentrated in Information Technology.
Its concentration score has risen from 48 to 100 over the past 3 quarters — a shift toward higher-conviction positions.
It has added to its SPY position over the past two quarters (+$293.4M, now $375.5M), while trimming YMAX over the same stretch (-$1.6M, still holding $3.4M).
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