CIK: 0002045703
Total reported value
$889.9M
Reporting period: 2026-03-31 · Number of holdings: 299
ZEGA Investments, LLC disclosed 299 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $889.9M and a quarterly turnover rate of 25.8%.
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ZEGA Investments, LLC's disclosed holdings carry a Herfindahl concentration index of 0.090 — mathematically equivalent to about 11 equally-sized positions, well below its 299 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 4.04), 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 56% 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.
Trim AAPL
-10.7% -$24.6M
Trim SPY
-3.9% -$19.4M
Add COST
+54.4% $18.3M
Trim MSFT
-11.4% -$8.0M
Trim AMZN
-11.7% -$7.0M
Add NVDA
+27.6% $8.2M
Showing top 191 holdings (of 299 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 | 23.87% | -3.46% | -3.94% | |
| 2 | AAPL | Apple INC | Stock-Tech | 13.86% | -3.58% | -10.68% | |
| 3 | HYBL | Ss Blackstone High INC ETF | ETF-Other | 5.93% | +0.28% | +12.45% | |
| 4 | NVDA | Nvidia CORP | Stock-Tech | 5.68% | +0.69% | +27.55% | |
| 5 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 4.68% | +1.93% | +54.37% | |
| 6 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.07% | -0.97% | -11.70% | |
| 7 | XOM | Exxon Mobil CORP | Stock-Energy | 2.49% | +0.57% | -3.23% | |
| 8 | ZHDG | Zega Buy And Hedge ETF | ETF-Other | 2.46% | — | +10.04% | |
| 9 | TSLA | Tesla INC | Stock-Consumer Disc | 2.00% | +0.31% | +50.36% | |
| 10 | MSFT | Microsoft CORP | Stock-Tech | 1.90% | -1.03% | -11.39% | |
| 11 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.84% | +0.16% | +22.59% | |
| 12 | AFL | Aflac INC | Stock-Financials | 1.57% | — | +0.07% | |
| 13 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.33% | +0.30% | +56.05% | |
| 14 | ABBV | Abbvie INC | Stock-Healthcare | 1.27% | — | +0.09% | |
| 15 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.09% | +0.12% | +37.19% | |
| 16 | NVDL | Granitesh 2x Lng Nvda ETF | ETF-Other | 1.03% | -0.28% | — | |
| 17 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-Other | 0.95% | -0.33% | -21.55% | |
| 18 | SRLN | Ss Blackstone Sr Loan ETF | ETF-Other | 0.90% | -0.35% | -22.24% | |
| 19 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.80% | -0.31% | -16.34% | |
| 20 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.77% | +0.15% | +41.12% | |
| 21 | WMT | Walmart INC | Stock-Consumer Staples | 0.75% | +0.25% | +39.58% | |
| 22 | GLD | Spdr Gold Shares | ETF-Commodities | 0.67% | +0.55% | +429.41% | |
| 23 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.66% | — | +30.14% | |
| 24 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.58% | +0.28% | +99.64% | |
| 25 | HD | Home Depot INC | Stock-Consumer Disc | 0.49% | +0.20% | +87.50% | |
| 26 | AVGO | Broadcom INC | Stock-Tech | 0.49% | — | +41.75% | |
| 27 | ABT | Abbott Laboratories | Stock-Healthcare | 0.46% | +0.34% | +398.33% | |
| 28 | MCK | Mckesson CORP | Stock-Healthcare | 0.44% | +0.15% | +53.84% | |
| 29 | CAT | Caterpillar INC | Stock-Industrials | 0.44% | +0.19% | +51.74% | |
| 30 | V | Visa Inc-class A Shares | Stock-Financials | 0.41% | — | +11.12% | |
| 31 | CVX | Chevron CORP | Stock-Energy | 0.38% | +0.28% | +199.61% | |
| 32 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.35% | — | +2.00% | |
| 33 | RTX | Rtx CORP | Stock-Industrials | 0.34% | +0.34% | NEW | |
| 34 | MAR | Marriott International -cl A | Stock-Consumer Disc | 0.34% | +0.13% | +63.31% | |
| 35 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.32% | — | +51.36% | |
| 36 | MMM | 3m Co | Stock-Industrials | 0.31% | +0.17% | +157.50% | |
| 37 | USB | US Bancorp | Stock-Financials | 0.30% | — | -17.23% | |
| 38 | PEP | Pepsico INC | Stock-Consumer Staples | 0.28% | +0.14% | +98.05% | |
| 39 | SPTI | Ss Spdr P Int Term Tsy ETF | ETF-Other | 0.26% | — | +20.91% | |
| 40 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 0.26% | — | +86.53% | |
| 41 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.25% | -0.36% | -47.86% | |
| 42 | ET | Energy Transfer LP | Stock-Energy | 0.24% | +0.13% | +98.48% | |
| 43 | SYK | Stryker CORP | Stock-Healthcare | 0.24% | — | +99.60% | |
| 44 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.23% | — | +5.11% | |
| 45 | BIGY | Yldm Tart 12 Smicd Opt I ETF | ETF-Other | 0.22% | — | -2.51% | |
| 46 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.22% | +0.13% | +149.14% | |
| 47 | SPYT | Defiance S&p 500 Tar INC ETF | ETF-Large Cap & Growth | 0.21% | — | -6.87% | |
| 48 | CGDV | Cap Group Dividend Value | ETF-Other | 0.21% | — | -2.86% | |
| 49 | AMD | Advanced Micro Devices | Stock-Tech | 0.21% | — | +39.20% | |
| 50 | ORCL | Oracle CORP | Stock-Tech | 0.20% | — | +139.53% |
Performance for Q3 2026
+5.4%
Performance Last 4 Quarters
+23%
Based on 89% of reported portfolio value with available pricing
ZEGA Investments, LLC's most significant position changes for 2026-03-31: New buy: Rtx CORP (RTX); Sold out: Pacer US Lrg Cap Cows Gr Ld (COWG); New buy: Air Products & Chemicals INC (APD); New buy: Pacer Developed Markets Inte (ICOW); New buy: Fundstr Gran Sh US Sm & Mid (GRNJ).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | COST | Costco Wholesale CORP | +1.9% | +54.37% | Add |
| 2 | NVDA | Nvidia CORP | +0.7% | +27.55% | Add |
| 3 | XOM | Exxon Mobil CORP | +0.6% | -3.23% | Trim |
| 4 | GLD | Spdr Gold Shares | +0.6% | +429.41% | Add |
| 5 | ABT | Abbott Laboratories | +0.3% | +398.33% | Add |
| 6 | TSLA | Tesla INC | +0.3% | +50.36% | Add |
| 7 | META | Meta Platforms Inc-class A | +0.3% | +56.05% | Add |
| 8 | HYBL | Ss Blackstone High INC ETF | +0.3% | +12.45% | Add |
| 9 | NSC | Norfolk Southern CORP | +0.3% | +99.64% | Add |
| 10 | CVX | Chevron CORP | +0.3% | +199.61% | Add |
| 11 | WMT | Walmart INC | +0.3% | +39.58% | Add |
| 12 | HD | Home Depot INC | +0.2% | +87.50% | Add |
| 13 | CAT | Caterpillar INC | +0.2% | +51.74% | Add |
| 14 | MMM | 3m Co | +0.2% | +157.50% | Add |
| 15 | QQQ | Invesco Qqq Trust Series 1 | +0.2% | +22.59% | Add |
| 16 | PAVE | Global X US Infrastructure | +0.2% | +627.32% | Add |
| 17 | GOOGL | Alphabet Inc-cl A | +0.2% | +41.12% | Add |
| 18 | MCK | Mckesson CORP | +0.2% | +53.84% | Add |
| 19 | PEP | Pepsico INC | +0.1% | +98.05% | Add |
| 20 | MAR | Marriott International -cl A | +0.1% | +63.31% | Add |
| 21 | ET | Energy Transfer LP | +0.1% | +98.48% | Add |
| 22 | PG | Procter & Gamble Co/the | +0.1% | +149.14% | Add |
| 23 | LLY | Eli Lilly & Co | +0.1% | +37.19% | Add |
| 24 | YMAX | Yieldmax Universe Fo In Etfs | -0.3% | -73.16% | Trim |
| 25 | NVDL | Granitesh 2x Lng Nvda ETF | -0.3% | — | Unchanged |
| 26 | JPM | Jpmorgan Chase & Co | -0.3% | -16.34% | Trim |
| 27 | SJNK | Ss Spdr Bb St Hi Yield ETF | -0.3% | -21.55% | Trim |
| 28 | SRLN | Ss Blackstone Sr Loan ETF | -0.4% | -22.24% | Trim |
| 29 | PLTR | Palantir Technologies Inc-a | -0.4% | -47.86% | Trim |
| 30 | AMZN | Amazon.com INC | -1% | -11.70% | Trim |
| 31 | MSFT | Microsoft CORP | -1% | -11.39% | Trim |
| 32 | SPY | Ss Spdr S&p 500 ETF Trust-us | -3.5% | -3.94% | Trim |
| 33 | AAPL | Apple INC | -3.6% | -10.68% | Trim |
| 34 | RTX | Rtx CORP | — | NEW | New buy |
| 35 | COWG | Pacer US Lrg Cap Cows Gr Ld | — | EXIT | Sold out |
| 36 | APD | Air Products & Chemicals INC | — | NEW | New buy |
| 37 | ICOW | Pacer Developed Markets Inte | — | NEW | New buy |
| 38 | GRNJ | Fundstr Gran Sh US Sm & Mid | — | NEW | New buy |
| 39 | SSO | Proshares Ultra S&p500 | — | NEW | New buy |
| 40 | XAR | Ss Spdr S&p Aerospace Def | — | NEW | New buy |
| 41 | EXPE | Expedia Group INC | — | EXIT | Sold out |
| 42 | FIAX | Nicholas Fixed INC Alt ETF | — | NEW | New buy |
| 43 | OKE | Oneok INC | — | NEW | New buy |
| 44 | LRCX | Lam Research CORP | — | EXIT | Sold out |
| 45 | MSTI | Madison Shrt Trm Str INC ETF | — | NEW | New buy |
| 46 | MCHP | Microchip Technology INC | — | NEW | New buy |
| 47 | NOC | Northrop Grumman CORP | — | NEW | New buy |
| 48 | PANW | Palo Alto Networks INC | — | EXIT | Sold out |
| 49 | SPGI | S&p Global INC | — | EXIT | Sold out |
| 50 | MAGG | Madison Aggregate Bond ETF | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-11 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-27 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-27 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-06 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-11 | 13F-HR | View on EDGAR |
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