ZEGA Investments, LLC holds a focused book of 215 reported positions worth $599.9M as of Q2 2026 (disclosed Jul 31, 2026, a ~31-day 13F lag). This quarter they opened Automatic Data Processing and trimmed Apple Inc. Their largest long position is Apple Inc at 16% of the reported non-option book. They also disclosed $100.3M in put options (a bearish bet) and $272.8M in call options (bullish), shown separately below and excluded from the non-option book. Cloning the disclosed picks since 2025 would be +8% (+9.1%/yr). That is a simulation of the disclosed long book, not audited returns.
Growth of $10,000 cloning ZEGA Investments, LLC's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~31 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
Top-heavy: focused book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
64% mapped to company sectors
+4 sectors below the cut, 3% together
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis
Other tracked managers holding the same core names as ZEGA Investments, LLC
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| Swiss Re Ltd | 45 / 80 | $1.1B |
| Hoffman, Alan N Investment Management | 9 / 80 | $161.9M |
| Prospect Hill Management, LLC | 8 / 80 | $236.8M |
| Greenbrier Partners Capital Management, LLC | 8 / 80 | $1.2B |
| New World Advisors LLC | 42 / 80 | $533.8M |
| Draper Asset Management, LLC | 10 / 80 | $176.4M |
| Ebert Capital Management Inc. | 16 / 80 | $92.5M |
| Ardent Capital Management, Inc. | 18 / 80 | $206.8M |
Ranked by the share of each fund's own book sitting in the names it shares with ZEGA Investments, LLC: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.
Bars show each position's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Apple Inc COM | $94.0M | 325.0K | 15.7% | ▼−6.8% Reduced · −24K sh | |
| 2 | Ssga Active TR ST STR BLACK ETF | $54.0M | 1.93M | 9.0% | ▲+2.0% Added · +38K sh | |
| 3 | State STR SPDR S&P 500 ETF T TR UNIT | $48.4M | 64.8K | 8.1% | ▼−9.2% Reduced · −7K sh | |
| 4 | Nvidia Corporation COM | $36.0M | 179.8K | 6.0% | ▲+5.9% Added · +10K sh | |
| 5 | Costco Wholesale Corporation COM | $24.7M | 26.4K | 4.1% | ▲+15% Added · +4K sh | |
| 6 | Tidal Trust I ZEGA BUY HED ETF | $23.6M | 1.00M | 3.9% | ▼−3.2% Reduced · −34K sh | |
| 7 | Amazon Com Inc COM | $21.1M | 88.6K | 3.5% | ▲+6.0% Added · +5K sh | |
| 8 | Tesla Inc COM | $15.8M | 37.5K | 2.6% | ▲+12% Added · +4K sh | |
| 9 | Microsoft Corp COM | $14.2M | 38.1K | 2.4% | ▲+12% Added · +4K sh | |
| 10 | Micron Technology Inc COM | $12.4M | 10.8K | 2.1% | ▲32× Added · +10K sh | |
| 11 | Exxon Mobil Corp COM | $9.7M | 71.2K | 1.6% | ▲+0.3% Added · +200 sh | |
| 12 | Alphabet Inc CAP STK CL A | $9.2M | 25.8K | 1.5% | ▲+47% Added · +8K sh | |
| 13 | SPDR Series Trust ST TERM HIGH ETF | $8.3M | 333.3K | 1.4% | ▼−1.1% Reduced · −4K sh | |
| 14 | Ssga Active ETF TR ST STR BL LN ETF | $8.1M | 199.8K | 1.3% | ▼−0.1% Reduced · −262 sh | |
| 15 | Aflac Inc COM | $8.0M | 68.1K | 1.3% | ▲~0% Added · +21 sh | |
| 16 | Eli Lilly & Co COM | $8.0M | 6.6K | 1.3% | ▼−15% Reduced · −1K sh | |
| 17 | Meta Platforms Inc CL A | $7.5M | 13.2K | 1.2% | ▼−5.5% Reduced · −767 sh | |
| 18 | Abbvie Inc COM | $6.4M | 25.5K | 1.1% | ▼−4.9% Reduced · −1K sh | |
| 19 | Graniteshares ETF TR 2X LONG NVDA ETF | $5.7M | 190.4K | 0.9% | ▲+200% Added · +127K sh | |
| 20 | Unitedhealth Group Inc COM | $5.1M | 12.2K | 0.8% | ▲+9.3% Added · +1K sh | |
| 21 | Alphabet Inc CAP STK CL C | $3.8M | 10.9K | 0.6% | ▼−28% Reduced · −4K sh | |
| 22 | Visa Inc COM CL A | $3.7M | 10.8K | 0.6% | ▲~0% Added · +1 sh | |
| 23 | Caterpillar Inc COM | $3.7M | 3.4K | 0.6% | ▼−5.5% Reduced · −203 sh | |
| 24 | Arista Networks Inc COM SHS | $3.5M | 20.8K | 0.6% | ▲+168% Added · +13K sh | |
| 25 | Broadcom Inc COM | $3.5M | 9.3K | 0.6% | ▼−4.0% Reduced · −393 sh | |
| 26 | Walmart Inc COM | $3.2M | 28.4K | 0.5% | ▼−4.9% Reduced · −1K sh | |
| 27 | Invesco QQQ TR UNIT SER 1 | $3.0M | 4.1K | 0.5% | ▼−0.6% Reduced · −25 sh | |
| 28 | Global X FDS US INFR DEV ETF | $3.0M | 50.6K | 0.5% | ▲+57% Added · +18K sh | |
| 29 | Tidal Trust II YIELDMAX TRGT12 | $2.9M | 56.3K | 0.5% | ▲+39% Added · +16K sh | |
| 30 | SPDR Series Trust ST INTER ETF | $2.9M | 100.8K | 0.5% | ▲+23% Added · +19K sh | |
| 31 | Norfolk Southn Corp COM | $2.8M | 8.9K | 0.5% | —Held | |
| 32 | Home Depot Inc COM | $2.7M | 7.8K | 0.5% | ▲+10% Added · +728 sh | |
| 33 | Advanced Micro Devices Inc COM | $2.7M | 4.7K | 0.5% | ▼−27% Reduced · −2K sh | |
| 34 | Capital Group Dividend Value SHS CREAT UNIT | $2.6M | 52.7K | 0.4% | ▲+18% Added · +8K sh | |
| 35 | Automatic Data Processing In COM | $2.6M | 11.6K | 0.4% | ▲New New position | |
| 36 | Tidal Trust III FUND GRA MID ETF | $2.6M | 81.5K | 0.4% | ▲+43% Added · +24K sh | |
| 37 | JPMorgan Chase & Co COM | $2.5M | 7.6K | 0.4% | ▼−53% Reduced · −9K sh | |
| 38 | Abbott Laboratories COM | $2.3M | 25.7K | 0.4% | ▼−9.6% Reduced · −3K sh | |
| 39 | McKesson Corp COM | $2.2M | 3.0K | 0.4% | ▲+0.1% Added · +3 sh | |
| 40 | SPDR Gold TR GOLD SHS | $2.2M | 6.0K | 0.4% | ▼−6.5% Reduced · −417 sh | |
| 41 | SPDR Series Trust ST STR P500ETF | $2.1M | 24.4K | 0.4% | ▲+24% Added · +5K sh | |
| 42 | Tidal Trust II YIELDMAX TARGET | $2.1M | 18.7K | 0.4% | ▼−15% Reduced · −3K sh | |
| 43 | Tidal Trust II DEF 500 INC ETF | $2.1M | 118.9K | 0.3% | ▲+2.0% Added · +2K sh | |
| 44 | SPDR Series Trust ST STR SP AERO | $2.1M | 7.2K | 0.3% | ▲+33% Added · +2K sh | |
| 45 | Berkshire Hathaway Inc Del CL B NEW | $2.0M | 4.0K | 0.3% | ▲+4.8% Added · +187 sh | |
| 46 | Ishares TR CORE S&P500 ETF | $1.9M | 2.6K | 0.3% | ▼−12% Reduced · −341 sh | |
| 47 | Marriott Intl Inc New CL A | $1.9M | 5.2K | 0.3% | ▼−9.1% Reduced · −519 sh | |
| 48 | Pacer FDS TR DEVELOPED MRKT | $1.9M | 46.1K | 0.3% | ▲+31% Added · +11K sh | |
| 49 | Johnson & Johnson COM | $1.9M | 7.5K | 0.3% | ▲+18% Added · +1K sh | |
| 50 | SPDR Series Trust ST STR BLO 1 ETF | $1.9M | 20.7K | 0.3% | ▲+15% Added · +3K sh |
This fund page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/2045703/holdings"
Use Arkolith to show ZEGA Investments, LLC's latest holdings, largest changes, and filing provenance.
Put / call positions from the 13F — totals include every disclosed option leg
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| CALL · bullish | SS SPDR S&P 500 ETF TRUST-USSPY | $104.5M | 140K |
| PUT · bearish | SS SPDR S&P 500 ETF TRUST-USSPY | $81.0M | 109K |
| CALL · bullish | APPLE INCAAPL | $33.1M | 114K |
| CALL · bullish | NVIDIA CORPNVDA | $20.4M | 102K |
| CALL · bullish | COSTCO WHOLESALE CORPCOST | $20.1M | 22K |
| CALL · bullish | AMAZON.COM INCAMZN | $11.6M | 49K |
| PUT · bearish | INVESCO QQQ TRUST SERIES 1QQQ | $9.9M | 13K |
| CALL · bullish | AFLAC INCAFL | $7.0M | 59K |
| CALL · bullish | MICROSOFT CORPMSFT | $6.0M | 16K |
| CALL · bullish | ABBVIE INCABBV | $6.0M | 24K |
| CALL · bullish | INVESCO QQQ TRUST SERIES 1QQQ | $5.1M | 7K |
| CALL · bullish | META PLATFORMS INC-CLASS AMETA | $5.1M | 9K |
| CALL · bullish | NORFOLK SOUTHERN CORPNSC | $2.8M | 9K |
| CALL · bullish | TESLA INCTSLA | $2.5M | 6K |
| CALL · bullish | ALPHABET INC-CL AGOOGL | $2.5M | 7K |
| CALL · bullish | WALMART INCWMT | $2.5M | 22K |
| CALL · bullish | HOME DEPOT INCHD | $2.5M | 7K |
| PUT · bearish | SPDR GOLD SHARESGLD | $2.2M | 6K |
| CALL · bullish | ABBOTT LABORATORIESABT | $2.2M | 25K |
| CALL · bullish | CATERPILLAR INCCAT | $2.0M | 2K |
| CALL · bullish | 3M COMMM | $1.5M | 9K |
| CALL · bullish | RTX CORPRTX | $1.5M | 8K |
| CALL · bullish | INVESCO NASDAQ 100 ETFQQQM | $1.5M | 5K |
| CALL · bullish | SPDR GOLD SHARESGLD | $1.4M | 4K |
| PUT · bearish | APPLE INCAAPL | $1.4M | 5K |
13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above. Showing the largest 25 of 120 option legs.
As-of date vs the date the SEC received each filing
Reported 13F total per quarter. Raw filing totals can include option notional.
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.