# Zega Financial, LLC

> Institutional holdings reported to the SEC as of Q3 2024 on Form 13F. CIK 1610186. Source: https://holderbook.com/funds/1610186-zega-financial-llc/

- Reported value: $660.0M
- Positions: 108
- Weight of the ten largest: 83.3%
- Filed: 2024-11-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $375.5M | 52,077 | 56.9% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $60.6M | 239,383 | 9.2% | 4 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $22.8M | 546,976 | 3.5% | 4 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $22.0M | 854,415 | 3.3% | 4 |
| TIDAL TRUST I | [ZHDG](https://holderbook.com/stocks/ZHDG/) | $15.8M | 771,632 | 2.4% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $14.9M | 34,588 | 2.3% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $11.9M | 63,650 | 1.8% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $9.3M | 79,330 | 1.4% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $8.8M | 72,348 | 1.3% | 4 |
| SSGA ACTIVE TR | [HYBL](https://holderbook.com/stocks/HYBL/) | $8.5M | 296,581 | 1.3% | 4 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $7.8M | 45,254 | 1.2% | 4 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $7.2M | 64,000 | 1.1% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $7.1M | 3,808 | 1.1% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $5.9M | 10,052 | 0.9% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.4M | 7,589 | 0.7% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.1M | 4,665 | 0.6% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.4M | 20,684 | 0.5% | 4 |
| TIDAL TRUST II | [YMAX](https://holderbook.com/stocks/YMAX/) | $3.4M | 191,200 | 0.5% | 3 |
| TIDAL TRUST II | [SPYT](https://holderbook.com/stocks/SPYT/) | $2.8M | 137,353 | 0.4% | 2 |
| TIDAL TRUST I | [THTA](https://holderbook.com/stocks/THTA/) | $2.7M | 140,123 | 0.4% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.2M | 8,308 | 0.3% | 4 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $2.0M | 5,997 | 0.3% | 4 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $1.9M | 32,277 | 0.3% | 4 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $1.7M | 4,419 | 0.3% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.5M | 1,748 | 0.2% | 2 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $1.5M | 3,120 | 0.2% | 2 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $1.5M | 30,205 | 0.2% | 2 |
| SPDR SERIES TRUST | [SPYD](https://holderbook.com/stocks/SPYD/) | $1.5M | 32,582 | 0.2% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.5M | 2,586 | 0.2% | 4 |
| INVESCO ACTIVELY MANAGED EXC | [GSY](https://holderbook.com/stocks/GSY/) | $1.4M | 28,293 | 0.2% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.4M | 3,625 | 0.2% | 4 |
| FIRST TR EXCHANGE-TRADED FD | [FTSM](https://holderbook.com/stocks/FTSM/) | $1.3M | 21,659 | 0.2% | 2 |
| PGIM ETF TR | [PULS](https://holderbook.com/stocks/PULS/) | $1.3M | 25,744 | 0.2% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.2M | 17,164 | 0.2% | 2 |
| J P MORGAN EXCHANGE TRADED F | [JPSE](https://holderbook.com/stocks/JPSE/) | $1.2M | 24,896 | 0.2% | 2 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.2M | 25,679 | 0.2% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.1M | 2,114 | 0.2% | 2 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $1.1M | 18,851 | 0.2% | 4 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $1.1M | 7,761 | 0.2% | 3 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $1.0M | 11,375 | 0.2% | 4 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $1.0M | 10,500 | 0.2% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.0M | 2,557 | 0.2% | 4 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.0M | 3,202 | 0.2% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.0M | 6,204 | 0.2% | 4 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $992.4K | 2,020 | 0.2% | 4 |
| PACER FDS TR | [CALF](https://holderbook.com/stocks/CALF/) | $988.7K | 21,253 | 0.1% | 3 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $949.5K | 1,529 | 0.1% | 3 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $922.0K | 888 | 0.1% | 4 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $909.1K | 637 | 0.1% | 4 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $906.3K | 19,818 | 0.1% | 1 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $858.2K | 3,060 | 0.1% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $856.1K | 5,024 | 0.1% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $828.6K | 4,784 | 0.1% | 4 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $822.8K | 1,160 | 0.1% | 3 |
| TIDAL TRUST II | [QQQT](https://holderbook.com/stocks/QQQT/) | $783.2K | 40,392 | 0.1% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $764.8K | 3,627 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $750.5K | 1,955 | 0.1% | 2 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $694.4K | 15,211 | 0.1% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $680.6K | 5,819 | 0.1% | 1 |
| J P MORGAN EXCHANGE TRADED F | [JPME](https://holderbook.com/stocks/JPME/) | $659.7K | 6,280 | 0.1% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $647.9K | 2,356 | 0.1% | 4 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $607.5K | 20,870 | 0.1% | 4 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $578.9K | 4,608 | 0.1% | 4 |
| CAMBRIA ETF TR | [SYLD](https://holderbook.com/stocks/SYLD/) | $573.0K | 7,918 | 0.1% | 1 |
| TIDAL TRUST II | [IWMY](https://holderbook.com/stocks/IWMY/) | $560.6K | 15,099 | 0.1% | 1 |
| INVESCO ACTVELY MNGD ETC FD | [PDBC](https://holderbook.com/stocks/PDBC/) | $550.4K | 40,981 | 0.1% | 4 |
| TIDAL TRUST II | [FIAX](https://holderbook.com/stocks/FIAX/) | $537.7K | 27,506 | 0.1% | 4 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $507.0K | 6,047 | 0.1% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $493.1K | 6,106 | 0.1% | 4 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $437.8K | 2,668 | 0.1% | 4 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $433.7K | 8,382 | 0.1% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $407.8K | 886 | 0.1% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $395.4K | 2,685 | 0.1% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $386.2K | 3,387 | 0.1% | 2 |
| FIDELITY COVINGTON TRUST | [FDVV](https://holderbook.com/stocks/FDVV/) | $380.2K | 7,507 | 0.1% | 2 |
| TIDAL TRUST II | [WDTE](https://holderbook.com/stocks/WDTE/) | $367.4K | 8,313 | 0.1% | 1 |
| TIDAL TRUST II | [NVDY](https://holderbook.com/stocks/NVDY/) | $345.1K | 14,403 | 0.1% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $290.3K | 1,470 | 0.0% | 2 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $289.4K | 2,971 | 0.0% | 1 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $287.9K | 3,830 | 0.0% | 4 |
| TIDAL TRUST II | [QQQY](https://holderbook.com/stocks/QQQY/) | $281.8K | 7,688 | 0.0% | 1 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $275.8K | 5,217 | 0.0% | 4 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $266.6K | 1,290 | 0.0% | 4 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $262.0K | 1,922 | 0.0% | 2 |
| SSGA ACTIVE ETF TR | [ULST](https://holderbook.com/stocks/ULST/) | $257.9K | 6,325 | 0.0% | 1 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $256.5K | 642 | 0.0% | 1 |
| TIDAL TRUST II | [YBIT](https://holderbook.com/stocks/YBIT/) | $254.1K | 18,439 | 0.0% | 1 |
| GOLDMAN SACHS ETF TR | [GSST](https://holderbook.com/stocks/GSST/) | $252.7K | 4,991 | 0.0% | 1 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $252.3K | 4,972 | 0.0% | 1 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $249.9K | 4,976 | 0.0% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $246.1K | 1,472 | 0.0% | 2 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $242.0K | 893 | 0.0% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $237.9K | 877 | 0.0% | 1 |
| TIDAL TRUST II | [YQQQ](https://holderbook.com/stocks/YQQQ/) | $230.2K | 12,328 | 0.0% | 1 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $222.7K | 249 | 0.0% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $218.1K | 442 | 0.0% | 1 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $213.4K | 413 | 0.0% | 1 |
| LEIDOS HOLDINGS INC | [LDOS](https://holderbook.com/stocks/LDOS/) | $206.5K | 1,267 | 0.0% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $202.2K | 1,950 | 0.0% | 2 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $202.1K | 2,060 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2024 | +5.5% | +4.0% | +1.5% | 78% |
| Q1 2024 | +3.9% | +10.0% | -6.2% | 75% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2024 | $660.0M | 108 |
| Q2 2024 | $561.0M | 107 |
| Q1 2024 | $292.2M | 98 |
| Q4 2023 | $311.7M | 103 |