ZEGA Investments, LLC

CIK

2045703

Location

Palm Beach Gardens, FL

Portfolio Value

Small $807,736,563

Diversification

Diversified

Filing Date

Global Rank

#2,141 / 8,517 ▲ 40

Top Industry

Consumer Electronics 23.4%

3Y Alpha vs SPY

+2.8%

Period ended 46 days ago

Filed Jul 31, 2026 · 15d

7 quarters · since Dec 2024

Clone Performance

Feb 2025–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of ZEGA Investments, LLC's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 51% that is ordinary stock — as little as 41% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+31.5%

SPY

+27.3%

Annualised alpha

+2.5%

Max drawdown

−21.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 51% of reported value on average across 7 quarters. Past performance does not predict future results.

Portfolio Concentration

121 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

29.0%

+0.2 pts

Top 5

61.5%

−0.3 pts

Top 10

72.7%

−0.9 pts

HHI

1,231

Diversified−17

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	32.1%	$259,491,572	5
Technology	30.9%	$249,279,591	27
Consumer Cyclical	7.9%	$63,571,598	8
Consumer Defensive	7.4%	$59,852,038	10
Healthcare	5.1%	$40,909,771	10
Financial Services	4.6%	$37,431,874	18
Industrials	4.4%	$35,509,220	21
Energy	3.6%	$28,803,506	8
Communication Services	3.2%	$25,724,141	4
Utilities	0.5%	$4,322,320	4
Basic Materials	0.4%	$2,840,932	6

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ANET	Arista Networks, Inc.	+11,902	21,660	$3,679,600
MSFT	Microsoft Corp	+10,436	56,049	$20,907,397
ABT	Abbott Laboratories	+10,380	50,306	$4,564,766
MU	Micron Technology Inc	+10,015	10,850	$12,524,046
UPS	United Parcel Service Inc	+8,633	15,536	$1,670,120
AMZN	Amazon Com Inc	+6,595	137,667	$32,811,552
COST	Costco Wholesale Corp /New	+6,100	47,858	$44,769,723
XOM	ExxonMobil Holdings Corp	+4,800	135,590	$18,537,864
KR	Kroger Co	+4,451	17,838	$990,544
JNJ	Johnson & Johnson	+2,655	9,517	$2,417,032
ORCL	Oracle Corp	+2,265	14,402	$2,110,613
KLAC	Kla Corp	+2,248	2,895	$873,450
GLD	Spdr Gold Trust	+2,183	16,006	$5,896,290
META	Meta Platforms, Inc.	+1,833	22,446	$12,643,607
HD	Home Depot, Inc.	+1,428	14,774	$5,210,494
UNH	Unitedhealth Group Inc	+1,341	12,843	$5,337,936
MCD	Mcdonalds Corp	+1,064	5,466	$1,477,514
ITW	Illinois Tool Works Inc	+1,000	2,032	$549,595
PH	Parker-Hannifin Corp	+851	2,412	$2,359,225
UNP	Union Pacific Corp	+669	3,551	$965,872
TPL	Texas Pacific Land Corp	+667	1,931	$845,082
PNC	Pnc Financial Services Group, Inc.	+541	4,614	$1,136,059
CDE	Coeur Mining, Inc.	+481	10,581	$172,681
KO	Coca Cola Co	+249	17,968	$1,460,259
SYK	Stryker Corp	+224	6,641	$2,090,852
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	−41,833	444,198	$128,533,133
EPD	Enterprise Products Partners L.P.	−15,870	25,563	$939,695
JPM	Jpmorgan Chase & Co	−15,141	9,209	$3,014,381
SPY	Spdr S&P 500 ETF Trust	−13,386	313,196	$233,885,376
GOOGL	Alphabet Inc.	−10,774	33,330	$11,911,142
USB	US Bancorp De	−9,512	41,449	$2,503,519
INTC	Intel Corp	−8,096	8,743	$1,220,785
NVDA	Nvidia Corp	−7,347	282,283	$56,482,005
HOOD	Robinhood Markets, Inc.	−5,787	12,910	$1,294,614
PPG	Ppg Industries Inc	−4,364	2,189	$265,503
TSLA	Tesla, Inc.	−4,204	43,752	$18,402,091
RDDT	Reddit, Inc.	−4,051	1,494	$259,328
QQQ	Invesco Qqq Trust, Series 1	−4,025	24,379	$17,952,695
MNST	Monster Beverage Corp	−3,851	12,036	$1,156,900
ET	Energy Transfer LP	−3,746	107,733	$2,059,854
FANG	Diamondback Energy, Inc.	−3,700	3,764	$661,635
UBER	Uber Technologies, Inc	−3,665	3,808	$274,785
AMD	Advanced Micro Devices Inc	−3,664	5,480	$3,183,386
CVX	Chevron Corp	−3,315	12,915	$2,140,790
WMT	Walmart Inc.	−3,264	50,202	$5,685,878
PG	PROCTER & GAMBLE Co	−3,109	10,265	$1,505,259
LLY	ELI LILLY & Co	−2,868	7,635	$9,157,648
CRWD	CrowdStrike Holdings, Inc.	−2,749	1,396	$1,065,343
BNY	Bank of New York Mellon Corp	−2,660	7,656	$1,107,134
ABBV	AbbVie Inc.	−2,606	49,213	$12,383,959
No positions match the current search.

New Positions

Positions the filer opened this quarter

22 positions

Ticker	Company	Shares	Value
ADP	Automatic Data Processing Inc	17,253	$3,863,809
WEC	Wec Energy Group, Inc.	23,013	$2,687,228
VLO	Valero Energy Corp/Tx	9,917	$2,582,783
RKLB	Rocket Lab Corp	18,000	$1,829,700
CB	Chubb Ltd	3,125	$1,064,812
SYY	Sysco Corp	12,640	$1,056,451
PM	Philip Morris International Inc.	4,537	$820,788
MBIN	Merchants Bancorp	14,400	$720,000
CF	CF Industries Holdings, Inc.	4,962	$537,186
IBM	International Business Machines Corp	1,731	$486,774
NOW	ServiceNow, Inc.	4,903	$486,769
MP	MP Materials Corp. / DE	8,609	$482,190
SO	Southern Co	4,581	$438,447
CI	Cigna Group	1,396	$384,849
GD	General Dynamics Corp	1,063	$376,557
BAC	Bank Of America Corp /De/	6,549	$373,162
AXSM	Axsome Therapeutics, Inc.	1,513	$370,337
TT	Trane Technologies plc	514	$252,456
PANW	Palo Alto Networks Inc	727	$247,921
XEL	Xcel Energy Inc	3,000	$240,900
MO	Altria Group, Inc.	3,021	$217,360
AMP	Ameriprise Financial Inc	450	$206,442
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
CGDV	Capital Group Dividend Value ETF	44,636	$1,898,815
BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	17,991	$1,648,695
KMI	Kinder Morgan, Inc.	44,494	$1,491,883
XONE	BondBloxx Bloomberg One Year Target Duration US Treasury ETF	16,398	$812,028
HON	Honeywell International Inc	3,273	$739,796
BAB	Invesco Taxable Municipal Bond ETF	22,395	$603,769
SHEL	Shell plc	5,126	$476,718
JPO	YieldMax JP Option Income Strategy ETF	24,193	$335,798
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	18,259	$254,895
MSTR	Strategy Inc	2,020	$252,096
KGC	Kinross Gold Corp	7,100	$216,692
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

121 tracked positions · $807,736,563 total · filing declares 730 positions · $973,028,892 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 121 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT CALL + SHARES	Reduced	313,196	-13,386	$233,885,376	+10.1%	28.96%
AAPL	Apple Inc. PUT CALL + SHARES Technology	Reduced	444,198	-41,833	$128,533,133	+4.2%	15.91%
NVDA	Nvidia Corp PUT CALL + SHARES Technology	Reduced	282,283	-7,347	$56,482,005	+11.8%	6.99%
COST	Costco Wholesale Corp /New CALL + SHARES Consumer Defensive	Added	47,858	+6,100	$44,769,723	+7.6%	5.54%
AMZN	Amazon Com Inc PUT CALL + SHARES Consumer Cyclical	Added	137,667	+6,595	$32,811,552	+20.2%	4.06%
MSFT	Microsoft Corp PUT CALL + SHARES Technology	Added	56,049	+10,436	$20,907,397	+23.8%	2.59%
XOM	ExxonMobil Holdings Corp CALL + SHARES Energy	Added	135,590	+4,800	$18,537,864	−16.5%	2.30%
TSLA	Tesla, Inc. PUT CALL + SHARES Consumer Cyclical	Reduced	43,752	-4,204	$18,402,091	+3.2%	2.28%
QQQ	Invesco Qqq Trust, Series 1 PUT CALL + SHARES	Reduced	24,379	-4,025	$17,952,695	+9.5%	2.22%
AFL	Aflac Inc CALL + SHARES Financial Services	Added	127,487	+21	$14,947,850	+6.9%	1.85%
META	Meta Platforms, Inc. PUT CALL + SHARES Communication Services	Added	22,446	+1,833	$12,643,607	+7.2%	1.57%
MU	Micron Technology Inc CALL + SHARES Technology	Added	10,850	+10,015	$12,524,046	+4339.6%	1.55%
ABBV	AbbVie Inc. CALL + SHARES Healthcare	Reduced	49,213	-2,606	$12,383,959	+9.9%	1.53%
GOOGL	Alphabet Inc. PUT CALL + SHARES Communication Services	Reduced	33,330	-10,774	$11,911,142	−6.0%	1.47%
LLY	ELI LILLY & Co PUT CALL + SHARES Healthcare	Reduced	7,635	-2,868	$9,157,648	−5.2%	1.13%
GLD	Spdr Gold Trust PUT CALL + SHARES	Added	16,006	+2,183	$5,896,290	−0.9%	0.73%
CAT	Caterpillar Inc CALL + SHARES Industrials	Reduced	5,349	-203	$5,696,150	+44.8%	0.71%
WMT	Walmart Inc. CALL + SHARES Consumer Defensive	Reduced	50,202	-3,264	$5,685,878	−14.4%	0.70%
NSC	Norfolk Southern Corp CALL + SHARES Industrials	Held	17,836	0	$5,611,027	+9.6%	0.69%
UNH	Unitedhealth Group Inc CALL + SHARES Healthcare	Added	12,843	+1,341	$5,337,936	+71.5%	0.66%
HD	Home Depot, Inc. CALL + SHARES Consumer Cyclical	Added	14,774	+1,428	$5,210,494	+18.7%	0.65%
AVGO	Broadcom Inc. PUT CALL + SHARES Technology	Reduced	13,203	-793	$4,987,433	+15.1%	0.62%
ABT	Abbott Laboratories CALL + SHARES Healthcare	Added	50,306	+10,380	$4,564,766	+11.4%	0.57%
V	Visa Inc. PUT CALL + SHARES Financial Services	Added	12,221	+201	$4,192,902	+15.4%	0.52%
ADP	Automatic Data Processing Inc CALL + SHARES Technology	NEW	17,253	NEW	$3,863,809	NEW	0.48%
ANET	Arista Networks, Inc. CALL + SHARES Technology	Added	21,660	+11,902	$3,679,600	+207.1%	0.46%
MCK	Mckesson Corp CALL + SHARES Healthcare	Added	4,575	+3	$3,456,870	−12.6%	0.43%
AMD	Advanced Micro Devices Inc CALL + SHARES Technology	Reduced	5,480	-3,664	$3,183,386	+71.1%	0.39%
MMM	3M Co CALL + SHARES Industrials	Held	18,774	0	$3,039,698	+11.5%	0.38%
RTX	RTX Corp CALL + SHARES Industrials	Added	15,948	+35	$3,025,814	−1.4%	0.37%
JPM	Jpmorgan Chase & Co PUT CALL + SHARES Financial Services	Reduced	9,209	-15,141	$3,014,381	−57.9%	0.37%
WEC	Wec Energy Group, Inc. CALL + SHARES Utilities	NEW	23,013	NEW	$2,687,228	NEW	0.33%
BRK-B	Berkshire Hathaway Inc CALL + SHARES Financial Services	Reduced	5,349	-513	$2,676,586	−4.7%	0.33%
VLO	Valero Energy Corp/Tx CALL + SHARES Energy	NEW	9,917	NEW	$2,582,783	NEW	0.32%
MAR	Marriott International Inc /Md/ CALL + SHARES Consumer Cyclical	Reduced	6,883	-2,419	$2,550,770	−16.2%	0.32%
USB	US Bancorp De CALL + SHARES Financial Services	Reduced	41,449	-9,512	$2,503,519	−5.5%	0.31%
JNJ	Johnson & Johnson PUT CALL + SHARES Healthcare	Added	9,517	+2,655	$2,417,032	+44.1%	0.30%
PH	Parker-Hannifin Corp PUT + SHARES Industrials	Added	2,412	+851	$2,359,225	+68.8%	0.29%
PEP	Pepsico Inc CALL + SHARES Consumer Defensive	Added	16,166	+1	$2,188,876	−12.8%	0.27%
CVX	Chevron Corp PUT CALL + SHARES Energy	Reduced	12,915	-3,315	$2,140,790	−36.2%	0.27%
ORCL	Oracle Corp CALL + SHARES Technology	Added	14,402	+2,265	$2,110,613	+18.2%	0.26%
SYK	Stryker Corp CALL + SHARES Healthcare	Added	6,641	+224	$2,090,852	−0.8%	0.26%
ET	Energy Transfer LP CALL + SHARES Energy	Reduced	107,733	-3,746	$2,059,854	−4.3%	0.26%
RKLB	Rocket Lab Corp CALL + SHARES Industrials	NEW	18,000	NEW	$1,829,700	NEW	0.23%
UPS	United Parcel Service Inc CALL + SHARES Industrials	Added	15,536	+8,633	$1,670,120	+145.9%	0.21%
MCHP	Microchip Technology Inc CALL + SHARES Technology	Reduced	18,268	-1	$1,666,041	+41.1%	0.21%
PLTR	Palantir Technologies Inc. CALL + SHARES Technology	Reduced	14,179	-1,050	$1,654,263	−25.7%	0.20%
PG	PROCTER & GAMBLE Co CALL + SHARES Consumer Defensive	Reduced	10,265	-3,109	$1,505,259	−22.1%	0.19%
MCD	Mcdonalds Corp PUT CALL + SHARES Consumer Cyclical	Added	5,466	+1,064	$1,477,514	+8.0%	0.18%
KO	Coca Cola Co CALL + SHARES Consumer Defensive	Added	17,968	+249	$1,460,259	+8.4%	0.18%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.