— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

ZEGA Investments, LLC

Q2 2025 · Filed 2025-08-06
Market Value
$399M
+17.1%
Holdings
142
-5
New Purchases
23
Added To
56
Closed
16
Reduced
37
Top 10 Concentration
58.1%
Turnover
27.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HYBL 8.52% 2.86% +5.66% $34M
NVDA 3.84% 2.31% +1.54% $15M
SPY 10.50% 9.11% +1.38% $42M
KNG 0.96% 0.00% +0.96% $4M
LLY 1.27% 0.42% +0.85% $5M
MSFT 3.87% 3.10% +0.77% $15M
BIL 0.95% 0.23% +0.72% $4M
TSLA 2.12% 1.40% +0.72% $8M
IBIT 0.73% 0.06% +0.67% $3M
COWG 0.48% 0.00% +0.48% $2M
GS 0.45% 0.00% +0.45% $2M
MSTR 0.58% 0.14% +0.44% $2M
GEV 0.42% 0.00% +0.42% $2M
BUFZ 0.40% 0.00% +0.40% $2M
PWR 0.40% 0.00% +0.40% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SRLN 3.67% 7.31% -3.64% $15M
AAPL 13.60% 16.55% -2.95% $54M
SJNK 3.84% 6.22% -2.38% $15M
ZHDG 3.46% 4.37% -0.91% $14M
UNH 0.83% 1.55% -0.72% $3M
XLV 0.05% 0.72% -0.67% $206K
THTA 0.00% 0.62% -0.62% $0
XOM 1.91% 2.47% -0.56% $8M
XLI 0.00% 0.54% -0.54% $0
COWZ 0.06% 0.51% -0.45% $242K
TDG 0.00% 0.45% -0.45% $0
GOOGL 0.31% 0.72% -0.41% $1M
ANET 0.10% 0.50% -0.40% $398K
SSO 0.00% 0.38% -0.38% $0
MLPX 0.00% 0.36% -0.36% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 39 $219M 54.9%
Large Cap 55 $67M 16.8%
Mid Cap 16 $47M 11.8%
Small Cap 11 $43M 10.8%
Micro Cap 21 $22M 5.6%

Portfolio Analytics

Avg Market Cap
$352.9B
Median Market Cap
$57.0B
Avg P/E
42.0
Median P/E
28.4
Avg Dividend Yield
0.02%
Avg Beta
0.85
# Stocks
64
# ETFs / Funds
78

Top Holdings (142 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AAPL 13.60% 264,275 $54M $205.17 -$2M +10,710 +4.2%
2 SPY 10.50% 67,716 $42M $617.85 $11M +12,269 +22.1%
3 HYBL 8.52% 1,187,291 $34M $28.59 $24M +841,188 +243.1%
4 AMZN 4.67% 84,789 $19M $219.39 $2M -226 -0.3%
5 MSFT 3.87% 30,970 $15M $497.41 $5M +2,872 +10.2%
6 NVDA 3.84% 96,949 $15M $157.99 $7M +24,544 +33.9%
7 SJNK 3.84% 600,900 $15M $25.48 -$6M -240,697 -28.6%
8 SRLN 3.67% 351,761 $15M $41.59 -$10M -253,375 -41.9%
9 ZHDG 3.46% 647,649 $14M $21.31 -$1M -121,213 -15.8%
10 TSLA 2.12% 26,632 $8M $317.66 $4M +8,217 +44.6%
11 XOM 1.91% 70,714 $8M $107.80 -$798K -95 -0.1%
12 AFL 1.80% 67,859 $7M $105.46 $40K +3,859 +6.0%
13 GOOG 1.60% 35,911 $6M $177.39 $2M +9,227 +34.6%
14 JEPI 1.36% 95,410 $5M $56.85 -$288K -4,564 -4.6%
15 COST 1.33% 5,363 $5M $989.94 $637K +423 +8.6%
16 LLY 1.27% 6,476 $5M $779.48 $4M +4,764 +278.3%
17 KNG 0.96% 77,773 $4M $49.10 +77,773 NEW
18 JPST 0.95% 74,979 $4M $50.68 $413K +8,088 +12.1%
19 BIL 0.95% 41,136 $4M $91.73 $3M +32,786 +392.6%
20 META 0.94% 5,093 $4M $738.09 $676K -256 -4.8%
21 V 0.91% 10,228 $4M $355.04 $11K -103 -1.0%
22 GSY 0.85% 67,643 $3M $50.14 $162K +3,203 +5.0%
23 UNH 0.83% 10,654 $3M $311.96 -$2M +584 +5.8%
24 YMAX 0.78% 227,247 $3M $13.76 $525K +32,528 +16.7%
25 FTSM 0.75% 49,935 $3M $59.87 $69K +1,130 +2.3%
26 SCHV 0.75% 107,734 $3M $27.67 $1M +45,152 +72.2%
27 PULS 0.74% 59,005 $3M $49.76 $100K +1,968 +3.5%
28 SPYT 0.73% 159,456 $3M $18.17 $614K +29,519 +22.7%
29 IBIT 0.73% 47,319 $3M $61.21 $3M +42,962 +986.0%
30 ABBV 0.67% 14,359 $3M $185.62 -$653K -1,478 -9.3%
31 JEPQ 0.61% 44,351 $2M $54.40 $165K +937 +2.2%
32 MSTR 0.58% 5,687 $2M $404.23 $2M +4,065 +250.6%
33 JPM 0.56% 7,696 $2M $289.91 $566K +907 +13.4%
34 INTU 0.55% 2,805 $2M $787.63 $483K -6 -0.2%
35 PANW 0.55% 10,721 $2M $204.64 $357K -45 -0.4%
36 MCK 0.55% 2,970 $2M $732.78 $93K -125 -4.0%
37 WMT 0.54% 22,214 $2M $97.78 $204K -201 -0.9%
38 HD 0.52% 5,640 $2M $366.64 $1M +2,767 +96.3%
39 NFLX 0.50% 1,487 $2M $1,339.13 $714K +117 +8.5%
40 COWG 0.48% 53,971 $2M $35.11 +53,971 NEW
41 IVV 0.47% 3,024 $2M $620.92 $198K +36 +1.2%
42 GLD 0.46% 6,025 $2M $304.83 -$7K -374 -5.8%
43 ISRG 0.46% 3,363 $2M $543.41 $326K +332 +10.9%
44 HON 0.46% 7,842 $2M $232.88 $1M +6,144 +361.8%
45 GS 0.45% 2,517 $2M $707.75 +2,517 NEW
46 BRK-B 0.44% 3,596 $2M $485.77 $123K +547 +17.9%
47 ULST 0.43% 41,836 $2M $40.66 $451K +11,089 +36.1%
48 ICSH 0.42% 32,653 $2M $50.71 $486K +9,570 +41.5%
49 GEV 0.42% 3,127 $2M $529.15 +3,127 NEW
50 GSST 0.41% 32,656 $2M $50.56 $446K +8,807 +36.9%
51 BUFZ 0.40% 64,541 $2M $24.93 +64,541 NEW
52 PWR 0.40% 4,218 $2M $378.08 +4,218 NEW
53 USB 0.38% 33,455 $2M $45.25 $112K +262 +0.8%
54 PGR 0.36% 5,431 $1M $266.87 +5,431 NEW
55 SPYD 0.36% 33,605 $1M $42.44 $245K +6,917 +25.9%
56 KMI 0.33% 44,601 $1M $29.40 +44,601 NEW
57 FANG 0.32% 9,270 $1M $137.40 -$616K -2,551 -21.6%
58 SYK 0.32% 3,212 $1M $395.63 $72K -8 -0.2%
59 GOOGL 0.31% 7,064 $1M $176.22 -$1M -8,774 -55.4%
60 KO 0.30% 17,095 $1M $70.75 -$15K
61 BKUI 0.30% 24,220 $1M $49.88 $235K +4,716 +24.2%
62 PEP 0.27% 8,177 $1M $132.04 +8,177 NEW
63 SPLG 0.27% 14,680 $1M $72.69 $423K +4,893 +50.0%
64 PCAR 0.25% 10,500 $998K $95.06 -$24K
65 SBUX 0.25% 10,762 $986K $91.63 -$91K -222 -2.0%
66 QQQT 0.25% 53,986 $979K $18.14 $299K +13,103 +32.0%
67 JNJ 0.24% 6,282 $960K $152.76 -$119K -223 -3.4%
68 PLTR 0.24% 6,898 $940K $136.32 $357K -18 -0.3%
69 VUG 0.22% 1,968 $863K $438.35 $136K +8 +0.4%
70 ADBE 0.21% 2,114 $818K $386.88 $7K
71 VTI 0.20% 2,639 $802K $303.93 +2,639 NEW
72 EPD 0.19% 24,560 $762K $31.01 $188K +7,755 +46.1%
73 ITOT 0.18% 5,360 $724K $135.05 $27K -350 -6.1%
74 PG 0.18% 4,416 $704K $159.32 -$62K -77 -1.7%
75 GILD 0.17% 6,107 $677K $110.87 -$7K
76 CAT 0.16% 1,676 $651K $388.21 -$38K -411 -19.7%
77 NOW 0.16% 620 $637K $1,028.08 $142K -2 -0.3%
78 KR 0.16% 8,850 $635K $71.73 $39K +41 +0.5%
79 WFC 0.15% 7,623 $611K $80.12 +7,623 NEW
80 SOXY 0.15% 11,090 $583K $52.55 $232K +2,887 +35.2%
81 AVGO 0.14% 2,085 $575K $275.67 $17K -1,244 -37.4%
82 USFR 0.14% 11,057 $556K $50.31 $246K +4,891 +79.3%
83 QQQ 0.14% 1,003 $553K $551.72 -$1M -2,478 -71.2%
84 ABT 0.14% 4,066 $553K $136.01 $92K +591 +17.0%
85 SYLD 0.13% 8,170 $531K $65.03 $124K +1,782 +27.9%
86 TECL 0.12% 5,300 $496K $93.58 $186K
87 MAR 0.12% 1,708 $467K $273.15 $58K -5 -0.3%
88 UBER 0.11% 4,850 $453K $93.30 -$984K -14,865 -75.4%
89 UITB 0.11% 9,442 $444K $47.07 +9,442 NEW
90 JCPB 0.11% 9,433 $444K $47.06 +9,433 NEW
91 MCD 0.11% 1,504 $439K $292.17 +1,504 NEW
92 PDBC 0.11% 33,450 $436K $13.04 -$14K +409 +1.2%
93 ITRI 0.11% 3,242 $427K $131.63 +3,242 NEW
94 YQQQ 0.11% 29,885 $425K $14.23 $130K +13,183 +78.9%
95 GIAX 0.10% 23,212 $411K $17.71 $75K +2,733 +13.3%
96 ANET 0.10% 3,892 $398K $102.31 -$1M -18,039 -82.2%
97 MSTY 0.10% 17,435 $387K $22.17 $127K +4,650 +36.4%
98 SDTY 0.10% 8,463 $381K $45.04 $20K +497 +6.2%
99 CVX 0.09% 2,526 $362K $143.17 -$102K -248 -8.9%
100 SPTI 0.08% 11,591 $333K $28.77 $122K +4,183 +56.5%

Options Breakdown

17 Calls $191M Call Value 4 Puts $143M Put Value 0.75 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 180,700 $112M
AAPL 149,900 $31M
AMZN 80,700 $18M
XOM 61,100 $7M
AFL 59,400 $6M NEW
NVDA 35,100 $6M
QQQ 7,600 $4M
ABBV 11,600 $2M NEW
IBIT 26,900 $2M NEW
WMT 16,100 $2M NEW

Top Puts

SymbolSharesValueStatus
SPY 208,500 $129M
AAPL 41,000 $8M
QQQ 10,500 $6M
ACWI $0 SOLD

New Positions

SymbolValue% Port
KNG $4M 0.96%
COWG $2M 0.48%
GS $2M 0.45%
GEV $2M 0.42%
BUFZ $2M 0.40%
PWR $2M 0.40%
PGR $1M 0.36%
KMI $1M 0.33%
PEP $1M 0.27%
VTI $802K 0.20%
WFC $611K 0.15%
UITB $444K 0.11%
JCPB $444K 0.11%
MCD $439K 0.11%
ITRI $427K 0.11%

Sold Out Positions

SymbolValue% Port
SNOW —%
TDG —%
FBTC —%
XLF —%
MLPX —%
SCHD —%
SSO —%
DIA —%
APLY —%
GORO —%
NVDY —%
ULTY —%
THTA —%
XLI —%
JPSE —%
View SEC EDGAR Filings for ZEGA Investments, LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms