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Asset Manager ← All Institutions

ZEGA Investments, LLC

Q3 2025 · Filed 2025-10-27
Market Value
$436M
+9.4%
Holdings
166
+24
New Purchases
40
Added To
56
Closed
27
Reduced
37
Top 10 Concentration
60.6%
Turnover
40.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 15.69% 13.60% +2.08% $68M
NVDA 5.67% 3.84% +1.83% $25M
COST 2.68% 1.33% +1.34% $12M
ABBV 1.36% 0.67% +0.69% $6M
NSC 0.62% 0.00% +0.62% $3M
ZHDG 4.06% 3.46% +0.60% $18M
JPM 1.09% 0.56% +0.53% $5M
PLTR 0.65% 0.24% +0.41% $3M
GLDM 0.38% 0.00% +0.38% $2M
EMR 0.36% 0.00% +0.36% $2M
GOOGL 0.67% 0.31% +0.36% $3M
PH 0.33% 0.00% +0.33% $1M
HOOD 0.38% 0.05% +0.33% $2M
CRWD 0.31% 0.00% +0.31% $1M
CAT 0.46% 0.16% +0.29% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPY 9.18% 10.50% -1.32% $40M
KNG 0.00% 0.96% -0.96% $0
JPST 0.09% 0.95% -0.87% $381K
GSY 0.00% 0.85% -0.85% $0
JEPI 0.61% 1.36% -0.75% $3M
FTSM 0.00% 0.75% -0.75% $0
SCHV 0.00% 0.75% -0.75% $0
GOOG 0.86% 1.60% -0.74% $4M
PULS 0.00% 0.74% -0.74% $0
AMZN 3.94% 4.67% -0.73% $17M
IBIT 0.06% 0.73% -0.66% $280K
JEPQ 0.00% 0.61% -0.61% $0
GLD 0.00% 0.46% -0.46% $0
ISRG 0.00% 0.46% -0.46% $0
ULST 0.00% 0.43% -0.43% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 46 $267M 61.2%
Large Cap 71 $68M 15.7%
Mid Cap 15 $34M 7.8%
Small Cap 12 $41M 9.5%
Micro Cap 22 $26M 5.9%

Portfolio Analytics

Avg Market Cap
$326.9B
Median Market Cap
$70.8B
Avg P/E
51.7
Median P/E
28.5
Avg Dividend Yield
0.01%
Avg Beta
0.93
# Stocks
86
# ETFs / Funds
80

Top Holdings (166 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AAPL 15.69% 268,626 $68M $254.63 $14M +4,351 +1.6%
2 SPY 9.18% 60,060 $40M $666.18 -$2M -7,656 -11.3%
3 HYBL 8.41% 1,279,680 $37M $28.65 $3M +92,389 +7.8%
4 NVDA 5.67% 132,452 $25M $186.58 $9M +35,503 +36.6%
5 ZHDG 4.06% 778,903 $18M $22.73 $4M +131,254 +20.3%
6 MSFT 4.05% 34,076 $18M $517.95 $2M +3,106 +10.0%
7 AMZN 3.94% 78,142 $17M $219.57 -$1M -6,647 -7.8%
8 SJNK 3.52% 600,295 $15M $25.60 $57K -605 -0.1%
9 SRLN 3.41% 357,232 $15M $41.58 $224K +5,471 +1.6%
10 COST 2.68% 12,603 $12M $925.63 $6M +7,240 +135.0%
11 TSLA 2.39% 23,475 $10M $444.72 $2M -3,157 -11.8%
12 XOM 1.90% 73,639 $8M $112.75 $680K +2,925 +4.1%
13 AFL 1.74% 67,859 $8M $111.70 $423K
14 ABBV 1.36% 25,520 $6M $231.54 $3M +11,161 +77.7%
15 LLY 1.16% 6,608 $5M $762.95 -$6K +132 +2.0%
16 JPM 1.09% 15,035 $5M $315.44 $3M +7,339 +95.4%
17 BIL 0.96% 45,798 $4M $91.75 $429K +4,662 +11.3%
18 GOOG 0.86% 15,396 $4M $243.55 -$3M -20,515 -57.1%
19 UNH 0.84% 10,647 $4M $345.30 $353K -7 -0.1%
20 V 0.82% 10,416 $4M $341.37 -$76K +188 +1.8%
21 META 0.74% 4,405 $3M $734.39 -$524K -688 -13.5%
22 SPYT 0.70% 165,984 $3M $18.47 $168K +6,528 +4.1%
23 GOOGL 0.67% 12,039 $3M $243.11 $2M +4,975 +70.4%
24 HD 0.66% 7,070 $3M $405.19 $797K +1,430 +25.4%
25 PLTR 0.65% 15,523 $3M $182.42 $2M +8,625 +125.0%
26 MSTR 0.65% 8,769 $3M $322.21 $527K +3,082 +54.2%
27 NSC 0.62% 8,934 $3M $300.41 +8,934 NEW
28 JEPI 0.61% 46,458 $3M $57.10 -$3M -48,952 -51.3%
29 YMAX 0.60% 205,123 $3M $12.81 -$499K -22,124 -9.7%
30 MCK 0.53% 2,974 $2M $772.54 $121K +4 +0.1%
31 WMT 0.53% 22,226 $2M $103.06 $119K +12 +0.1%
32 CAT 0.46% 4,184 $2M $477.15 $1M +2,508 +149.6%
33 IVV 0.45% 2,961 $2M $669.40 $104K -63 -2.1%
34 COWG 0.43% 51,786 $2M $36.30 -$15K -2,185 -4.0%
35 BRK-B 0.42% 3,662 $2M $502.74 $94K +66 +1.8%
36 AVGO 0.41% 5,426 $2M $329.94 $1M +3,341 +160.2%
37 HOOD 0.38% 11,551 $2M $143.18 $1M +9,330 +420.1%
38 GLDM 0.38% 21,609 $2M $76.45 +21,609 NEW
39 EMR 0.36% 12,059 $2M $131.18 +12,059 NEW
40 USB 0.36% 32,604 $2M $48.33 $62K -851 -2.5%
41 SPTI 0.35% 53,448 $2M $28.90 $1M +41,857 +361.1%
42 MAR 0.34% 5,692 $1M $260.44 $1M +3,984 +233.3%
43 PH 0.33% 1,900 $1M $758.15 +1,900 NEW
44 CRWD 0.31% 2,767 $1M $490.38 +2,767 NEW
45 ANET 0.30% 9,079 $1M $145.71 $925K +5,187 +133.3%
46 NFLX 0.30% 1,093 $1M $1,198.92 -$681K -394 -26.5%
47 KMI 0.29% 44,467 $1M $28.31 -$52K -134 -0.3%
48 ORCL 0.29% 4,471 $1M $281.24 +4,471 NEW
49 AMD 0.28% 7,484 $1M $161.79 +7,484 NEW
50 PANW 0.27% 5,846 $1M $203.62 -$1M -4,875 -45.5%
51 SYK 0.27% 3,213 $1M $369.67 -$83K +1 +0.0%
52 LRCX 0.27% 8,765 $1M $133.90 +8,765 NEW
53 SPLG 0.27% 14,977 $1M $78.34 $106K +297 +2.0%
54 JNJ 0.27% 6,320 $1M $185.41 $212K +38 +0.6%
55 PWR 0.27% 2,798 $1M $414.42 -$435K -1,420 -33.7%
56 PEP 0.26% 8,190 $1M $140.44 $71K +13 +0.2%
57 KO 0.26% 17,318 $1M $66.32 -$61K +223 +1.3%
58 KLAC 0.26% 1,050 $1M $1,078.60 +1,050 NEW
59 GRMN 0.26% 4,553 $1M $246.22 +4,553 NEW
60 GE 0.25% 3,621 $1M $300.82 +3,621 NEW
61 QQQM 0.25% 4,373 $1M $247.12 +4,373 NEW
62 CDNS 0.25% 3,076 $1M $351.26 +3,076 NEW
63 AXP 0.25% 3,252 $1M $332.13 +3,252 NEW
64 GEV 0.24% 1,722 $1M $614.90 -$596K -1,405 -44.9%
65 GS 0.24% 1,319 $1M $796.35 -$731K -1,198 -47.6%
66 BK 0.24% 9,640 $1M $108.96 +9,640 NEW
67 PCAR 0.24% 10,500 $1M $98.32 $34K
68 INTU 0.24% 1,505 $1M $682.91 -$1M -1,300 -46.4%
69 ETN 0.23% 2,722 $1M $374.25 +2,722 NEW
70 AXON 0.23% 1,391 $998K $717.64 +1,391 NEW
71 MNST 0.23% 14,738 $992K $67.31 +14,738 NEW
72 WTW 0.23% 2,850 $985K $345.45 +2,850 NEW
73 QQQT 0.23% 52,937 $983K $18.57 $4K -1,049 -1.9%
74 EXPE 0.22% 4,533 $969K $213.75 +4,533 NEW
75 VUG 0.22% 1,962 $941K $479.62 $78K -6 -0.3%
76 VTI 0.21% 2,815 $924K $328.17 $122K +176 +6.7%
77 VYM 0.21% 6,538 $922K $140.95 +6,538 NEW
78 SBUX 0.21% 10,842 $917K $84.60 -$69K +80 +0.7%
79 MCD 0.21% 2,952 $897K $303.94 $458K +1,448 +96.3%
80 LYV 0.20% 5,439 $889K $163.40 +5,439 NEW
81 VST 0.20% 4,446 $871K $195.92 +4,446 NEW
82 SPGI 0.19% 1,715 $835K $486.71 +1,715 NEW
83 PG 0.19% 5,398 $829K $153.64 $126K +982 +22.2%
84 ITOT 0.19% 5,692 $829K $145.64 $105K +332 +6.2%
85 SOXY 0.19% 14,567 $822K $56.43 $239K +3,477 +31.4%
86 EPD 0.18% 24,825 $776K $31.27 $15K +265 +1.1%
87 ADBE 0.17% 2,114 $746K $352.75 -$72K
88 QQQ 0.16% 1,193 $716K $600.47 $163K +190 +18.9%
89 GILD 0.16% 6,123 $680K $111.00 $3K +16 +0.3%
90 NVDL 0.15% 6,949 $651K $93.62 +6,949 NEW
91 WFC 0.15% 7,630 $640K $83.82 $29K +7 +0.1%
92 KR 0.14% 8,896 $600K $67.41 -$35K +46 +0.5%
93 CERY 0.14% 20,639 $591K $28.65 +20,639 NEW
94 FANG 0.13% 4,112 $588K $143.08 -$685K -5,158 -55.6%
95 NOW 0.13% 620 $571K $920.28 -$67K
96 CRM 0.13% 2,328 $552K $237.00 +2,328 NEW
97 ABT 0.12% 4,037 $541K $133.94 -$12K -29 -0.7%
98 SYLD 0.11% 6,702 $460K $68.66 -$71K -1,468 -18.0%
99 GIAX 0.10% 25,951 $453K $17.47 $42K +2,739 +11.8%
100 BOXX 0.10% 3,959 $451K $113.86 +3,959 NEW

Options Breakdown

17 Calls $206M Call Value 3 Puts $105M Put Value 0.51 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 160,900 $107M
AAPL 142,400 $36M
AMZN 68,400 $15M
NVDA 43,100 $8M
XOM 62,900 $7M
AFL 59,400 $7M
MSFT 11,000 $6M NEW
ABBV 19,100 $4M
JPM 13,200 $4M NEW
QQQ 6,600 $4M

Top Puts

SymbolSharesValueStatus
SPY 130,600 $87M
AAPL 38,800 $10M
QQQ 13,500 $8M

New Positions

SymbolValue% Port
NSC $3M 0.62%
GLDM $2M 0.38%
EMR $2M 0.36%
PH $1M 0.33%
CRWD $1M 0.31%
ORCL $1M 0.29%
AMD $1M 0.28%
LRCX $1M 0.27%
KLAC $1M 0.26%
GRMN $1M 0.26%
GE $1M 0.25%
QQQM $1M 0.25%
CDNS $1M 0.25%
AXP $1M 0.25%
BK $1M 0.24%

Sold Out Positions

SymbolValue% Port
UPS —%
PGR —%
JEPQ —%
ISRG —%
ICSH —%
KNG —%
GSY —%
SPYV —%
BUFZ —%
XLV —%
COWZ —%
CONY —%
FEAT —%
GLD —%
FTSM —%
View SEC EDGAR Filings for ZEGA Investments, LLC →

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