# ZEGA Investments, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2045703. Source: https://holderbook.com/funds/2045703-zega-investments-llc/

- Reported value: $973.0M
- Positions: 216
- Weight of the ten largest: 64.9%
- Filed: 2026-07-31

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/) | $233.9M | 64,796 | 24.0% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $128.5M | 324,998 | 13.2% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $56.5M | 179,783 | 5.8% | 7 |
| SSGA ACTIVE TR | [HYBL](https://holderbook.com/stocks/HYBL/) | $54.0M | 1,933,377 | 5.6% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $44.8M | 26,358 | 4.6% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $32.8M | 88,567 | 3.4% | 7 |
| TIDAL TRUST I | [ZHDG](https://holderbook.com/stocks/ZHDG/) | $23.6M | 1,002,872 | 2.4% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $20.9M | 38,149 | 2.1% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $18.4M | 37,452 | 1.9% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $18.0M | 4,079 | 1.8% | 7 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $14.9M | 68,087 | 1.5% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $12.6M | 13,246 | 1.3% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $12.5M | 10,750 | 1.3% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $12.4M | 25,513 | 1.3% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $11.9M | 25,830 | 1.2% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $9.7M | 71,190 | 1.0% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $9.2M | 6,635 | 0.9% | 7 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $8.3M | 333,266 | 0.9% | 7 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $8.1M | 199,821 | 0.8% | 7 |
| GRANITESHARES ETF TR | [NVDL](https://holderbook.com/stocks/NVDL/) | $6.2M | 190,401 | 0.6% | 4 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $5.9M | 6,006 | 0.6% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $5.7M | 3,449 | 0.6% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $5.7M | 28,402 | 0.6% | 7 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $5.6M | 8,936 | 0.6% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $5.3M | 12,243 | 0.5% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $5.2M | 7,774 | 0.5% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.0M | 9,303 | 0.5% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.8M | 10,856 | 0.5% | 7 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $4.6M | 25,706 | 0.5% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.2M | 10,821 | 0.4% | 7 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $3.9M | 11,553 | 0.4% | 1 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $3.7M | 20,760 | 0.4% | 7 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $3.5M | 2,975 | 0.4% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $3.2M | 4,680 | 0.3% | 4 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $3.1M | 5,391 | 0.3% | 4 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $3.0M | 9,474 | 0.3% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $3.0M | 8,048 | 0.3% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.0M | 7,609 | 0.3% | 7 |
| GLOBAL X FDS | [PAVE](https://holderbook.com/stocks/PAVE/) | $3.0M | 50,616 | 0.3% | 3 |
| TIDAL TRUST II | [BIGY](https://holderbook.com/stocks/BIGY/) | $2.9M | 56,326 | 0.3% | 4 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $2.9M | 100,793 | 0.3% | 6 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $2.7M | 11,513 | 0.3% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.7M | 4,049 | 0.3% | 7 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $2.6M | 52,744 | 0.3% | 3 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $2.6M | 5,217 | 0.3% | 1 |
| TIDAL TRUST III | [GRNJ](https://holderbook.com/stocks/GRNJ/) | $2.6M | 81,509 | 0.3% | 2 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $2.6M | 5,183 | 0.3% | 6 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $2.5M | 21,349 | 0.3% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.4M | 7,517 | 0.2% | 7 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $2.4M | 1,412 | 0.2% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.2M | 8,166 | 0.2% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.1M | 7,315 | 0.2% | 7 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $2.1M | 24,357 | 0.2% | 6 |
| TIDAL TRUST II | [SOXY](https://holderbook.com/stocks/SOXY/) | $2.1M | 18,727 | 0.2% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.1M | 10,302 | 0.2% | 4 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $2.1M | 3,441 | 0.2% | 7 |
| TIDAL TRUST II | [SPYT](https://holderbook.com/stocks/SPYT/) | $2.1M | 118,905 | 0.2% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.1M | 2,566 | 0.2% | 7 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $2.1M | 54,433 | 0.2% | 3 |
| SPDR SERIES TRUST | [XAR](https://holderbook.com/stocks/XAR/) | $2.1M | 7,239 | 0.2% | 2 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $2.0M | 72 | 0.2% | 2 |
| PACER FDS TR | [ICOW](https://holderbook.com/stocks/ICOW/) | $1.9M | 46,116 | 0.2% | 2 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $1.9M | 20,707 | 0.2% | 7 |
| ROCKET LAB CORP | [RKLB](https://holderbook.com/stocks/RKLB/) | $1.8M | 9,500 | 0.2% | 1 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $1.8M | 10,988 | 0.2% | 7 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.7M | 7,936 | 0.2% | 3 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $1.7M | 9,168 | 0.2% | 2 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.7M | 11,079 | 0.2% | 7 |
| MADISON ETFS TRUST | [MSTI](https://holderbook.com/stocks/MSTI/) | $1.6M | 76,992 | 0.2% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.5M | 5,365 | 0.2% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.5M | 3,066 | 0.2% | 5 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.5M | 17,668 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.3M | 1,830 | 0.1% | 5 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $1.3M | 16,394 | 0.1% | 4 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $1.3M | 10,310 | 0.1% | 5 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.3M | 3,847 | 0.1% | 3 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $1.3M | 10,500 | 0.1% | 7 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.2M | 7,713 | 0.1% | 5 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.2M | 2,827 | 0.1% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.2M | 8,743 | 0.1% | 3 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $1.2M | 14,784 | 0.1% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.2M | 2,970 | 0.1% | 4 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.2M | 7,113 | 0.1% | 3 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $1.2M | 9,136 | 0.1% | 4 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.1M | 2,396 | 0.1% | 4 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.1M | 977 | 0.1% | 5 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $1.1M | 2,637 | 0.1% | 4 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $1.1M | 4,014 | 0.1% | 3 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.1M | 1,553 | 0.1% | 3 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $1.1M | 6,356 | 0.1% | 4 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.1M | 10,589 | 0.1% | 7 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.1M | 1,396 | 0.1% | 4 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.1M | 3,125 | 0.1% | 1 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.1M | 6,340 | 0.1% | 1 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $1.0M | 9,914 | 0.1% | 2 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $1.0M | 1,324 | 0.1% | 5 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.0M | 11,810 | 0.1% | 7 |
| MADISON ETFS TRUST | [MAGG](https://holderbook.com/stocks/MAGG/) | $1.0M | 50,310 | 0.1% | 2 |
| EA SERIES TRUST | [BOXX](https://holderbook.com/stocks/BOXX/) | $1.0M | 8,627 | 0.1% | 4 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $990.5K | 9,038 | 0.1% | 7 |

## 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 |
|---|---|---|---|---|
| Q1 2026 | -4.9% | -4.6% | -0.2% | 61% |
| Q1 2025 | -5.5% | -4.6% | -0.9% | 84% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $973.0M | 216 |
| Q1 2026 | $889.9M | 191 |
| Q4 2025 | $848.3M | 153 |
| Q3 2025 | $747.2M | 139 |
| Q2 2025 | $732.6M | 127 |
| Q1 2025 | $655.9M | 120 |
| Q4 2024 | $398.3M | 128 |