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

ZEGA Investments, LLC

Q4 2025 · Filed 2026-01-27
Market Value
$515M
+18.1%
Holdings
169
+3
New Purchases
30
Added To
75
Closed
18
Reduced
39
Top 10 Concentration
61.4%
Turnover
28.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 18.32% 15.69% +2.63% $94M
META 1.69% 0.74% +0.95% $9M
NVDL 1.08% 0.15% +0.94% $6M
HYBL 9.31% 8.41% +0.90% $48M
SPY 9.62% 9.18% +0.44% $50M
LLY 1.60% 1.16% +0.44% $8M
TSLA 2.79% 2.39% +0.39% $14M
CGDV 0.39% 0.00% +0.39% $2M
BIGY 0.42% 0.07% +0.35% $2M
GOOGL 1.02% 0.67% +0.35% $5M
AVGO 0.66% 0.41% +0.25% $3M
MMM 0.23% 0.00% +0.23% $1M
TJX 0.20% 0.00% +0.20% $1M
GLD 0.20% 0.00% +0.20% $1M
ET 0.18% 0.00% +0.18% $926K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SJNK 2.11% 3.52% -1.41% $11M
SRLN 2.06% 3.41% -1.35% $11M
NVDA 5.06% 5.67% -0.61% $26M
MSFT 3.49% 4.05% -0.56% $18M
JEPI 0.05% 0.61% -0.55% $280K
BIL 0.43% 0.96% -0.54% $2M
MSTR 0.14% 0.65% -0.51% $711K
AFL 1.46% 1.74% -0.28% $7M
SPYT 0.42% 0.70% -0.28% $2M
YMAX 0.33% 0.60% -0.27% $2M
GRMN 0.00% 0.26% -0.26% $0
WTW 0.00% 0.23% -0.23% $0
LYV 0.00% 0.20% -0.20% $0
HD 0.48% 0.66% -0.18% $2M
XOM 1.73% 1.90% -0.18% $9M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 48 $330M 64.0%
Large Cap 78 $71M 13.8%
Mid Cap 9 $30M 5.8%
Small Cap 11 $53M 10.2%
Micro Cap 23 $32M 6.2%

Portfolio Analytics

Avg Market Cap
$329.4B
Median Market Cap
$76.4B
Avg P/E
49.8
Median P/E
28.7
Avg Dividend Yield
0.01%
Avg Beta
0.97
# Stocks
97
# ETFs / Funds
72

Top Holdings (169 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AAPL 18.32% 347,055 $94M $271.86 $26M +78,429 +29.2%
2 SPY 9.62% 72,663 $50M $681.92 $10M +12,603 +21.0%
3 HYBL 9.31% 1,685,210 $48M $28.44 $11M +405,530 +31.7%
4 NVDA 5.06% 139,669 $26M $186.50 $1M +7,217 +5.5%
5 ZHDG 4.14% 941,836 $21M $22.63 $4M +162,933 +20.9%
6 AMZN 3.86% 86,138 $20M $230.82 $3M +7,996 +10.2%
7 MSFT 3.49% 37,179 $18M $483.62 $331K +3,103 +9.1%
8 TSLA 2.79% 31,895 $14M $449.72 $4M +8,420 +35.9%
9 COST 2.70% 16,150 $14M $862.34 $2M +3,547 +28.1%
10 SJNK 2.11% 429,398 $11M $25.32 -$4M -170,897 -28.5%
11 SRLN 2.06% 257,316 $11M $41.27 -$4M -99,916 -28.0%
12 XOM 1.73% 73,862 $9M $120.34 $586K +223 +0.3%
13 META 1.69% 13,209 $9M $660.09 $5M +8,804 +199.9%
14 LLY 1.60% 7,656 $8M $1,074.63 $3M +1,048 +15.9%
15 AFL 1.46% 67,975 $7M $110.27 -$84K +116 +0.2%
16 ABBV 1.19% 26,775 $6M $228.49 $209K +1,255 +4.9%
17 NVDL 1.08% 63,467 $6M $88.01 $5M +56,518 +813.3%
18 GOOGL 1.02% 16,788 $5M $312.99 $2M +4,749 +39.5%
19 JPM 1.02% 16,305 $5M $322.21 $511K +1,270 +8.4%
20 GOOG 0.96% 15,686 $5M $313.81 $1M +290 +1.9%
21 V 0.74% 10,817 $4M $350.73 $238K +401 +3.9%
22 UNH 0.72% 11,276 $4M $330.10 $46K +629 +5.9%
23 AVGO 0.66% 9,874 $3M $346.09 $2M +4,448 +82.0%
24 PLTR 0.54% 15,610 $3M $177.75 -$57K +87 +0.6%
25 NSC 0.50% 8,934 $3M $288.72 -$104K
26 WMT 0.48% 22,204 $2M $111.41 $183K -22 -0.1%
27 HD 0.48% 7,118 $2M $344.10 -$415K +48 +0.7%
28 MCK 0.47% 2,972 $2M $820.29 $140K -2 -0.1%
29 BIL 0.43% 24,021 $2M $91.38 -$2M -21,777 -47.5%
30 SPYT 0.42% 125,137 $2M $17.49 -$877K -40,847 -24.6%
31 BIGY 0.42% 41,477 $2M $52.53 $2M +35,634 +609.9%
32 CAT 0.41% 3,659 $2M $572.87 $100K -525 -12.6%
33 IVV 0.39% 2,956 $2M $684.94 $43K -5 -0.2%
34 CGDV 0.39% 45,950 $2M $43.64 +45,950 NEW
35 COWG 0.38% 55,621 $2M $35.21 $79K +3,835 +7.4%
36 SPTI 0.38% 67,823 $2M $28.84 $411K +14,375 +26.9%
37 BRK-B 0.38% 3,873 $2M $502.65 $106K +211 +5.8%
38 MAR 0.34% 5,696 $2M $310.22 $285K +4 +0.1%
39 YMAX 0.33% 171,644 $2M $9.98 -$915K -33,479 -16.3%
40 GLDM 0.33% 19,931 $2M $85.37 $50K -1,678 -7.8%
41 USB 0.33% 31,467 $2M $53.36 $103K -1,137 -3.5%
42 PH 0.31% 1,841 $2M $878.96 $178K -59 -3.1%
43 SPLG 0.31% 19,614 $2M $80.22 $400K +4,637 +31.0%
44 EMR 0.30% 11,729 $2M $132.72 -$25K -330 -2.7%
45 CRWD 0.28% 3,129 $1M $468.76 $110K +362 +13.1%
46 AMD 0.27% 6,569 $1M $214.16 $196K -915 -12.2%
47 QQQM 0.25% 5,190 $1M $252.92 $232K +817 +18.7%
48 JNJ 0.25% 6,334 $1M $206.95 $139K +14 +0.2%
49 EXPE 0.25% 4,605 $1M $283.31 $336K +72 +1.6%
50 SOXY 0.25% 21,894 $1M $59.45 $480K +7,327 +50.3%
51 HOOD 0.25% 11,417 $1M $113.10 -$363K -134 -1.2%
52 LRCX 0.25% 7,509 $1M $171.18 $112K -1,256 -14.3%
53 KMI 0.24% 44,467 $1M $27.49 -$36K
54 GS 0.24% 1,386 $1M $879.00 $168K +67 +5.1%
55 KO 0.24% 17,415 $1M $69.91 $69K +97 +0.6%
56 AXP 0.24% 3,290 $1M $369.95 $137K +38 +1.2%
57 MNST 0.23% 15,599 $1M $76.67 $204K +861 +5.8%
58 BK 0.23% 10,129 $1M $116.09 $126K +489 +5.1%
59 PEP 0.23% 8,162 $1M $143.52 $21K -28 -0.3%
60 MMM 0.23% 7,291 $1M $160.10 +7,291 NEW
61 GEV 0.23% 1,778 $1M $653.57 $103K +56 +3.2%
62 KLAC 0.22% 950 $1M $1,215.08 $22K -100 -9.5%
63 PANW 0.22% 6,261 $1M $184.20 -$37K +415 +7.1%
64 PCAR 0.22% 10,500 $1M $109.51 $117K
65 GE 0.22% 3,686 $1M $308.03 $46K +65 +1.8%
66 SYK 0.22% 3,215 $1M $351.47 -$58K +2 +0.1%
67 ANET 0.22% 8,608 $1M $131.03 -$195K -471 -5.2%
68 VUG 0.21% 2,179 $1M $487.89 $122K +217 +11.1%
69 CDNS 0.20% 3,356 $1M $312.58 -$31K +280 +9.1%
70 PWR 0.20% 2,485 $1M $422.06 -$111K -313 -11.2%
71 TJX 0.20% 6,764 $1M $153.61 +6,764 NEW
72 GLD 0.20% 2,611 $1M $396.31 +2,611 NEW
73 SPGI 0.20% 1,957 $1M $522.59 $188K +242 +14.1%
74 ITOT 0.20% 6,819 $1M $148.70 $185K +1,127 +19.8%
75 ABT 0.19% 8,012 $1M $125.29 $463K +3,975 +98.5%
76 INTU 0.19% 1,505 $997K $662.42 -$31K
77 ORCL 0.19% 5,067 $988K $194.91 -$270K +596 +13.3%
78 ET 0.18% 56,165 $926K $16.49 +56,165 NEW
79 MCD 0.18% 2,995 $915K $305.60 $18K +43 +1.5%
80 SBUX 0.18% 10,844 $913K $84.21 -$4K +2 +0.0%
81 PNC 0.18% 4,364 $911K $208.73 +4,364 NEW
82 NFLX 0.17% 9,480 $889K $93.76 -$422K +8,387 +767.3%
83 VTI 0.17% 2,639 $885K $335.27 -$39K -176 -6.2%
84 ETN 0.17% 2,670 $850K $318.51 -$168K -52 -1.9%
85 SOFI 0.16% 32,226 $844K $26.18 +32,226 NEW
86 QQQ 0.16% 1,369 $841K $614.31 $125K +176 +14.8%
87 BA 0.16% 3,847 $835K $217.12 +3,847 NEW
88 XONE 0.16% 16,751 $830K $49.54 +16,751 NEW
89 XHLF 0.16% 16,497 $829K $50.25 +16,497 NEW
90 CVX 0.16% 5,417 $826K $152.41 $434K +2,894 +114.7%
91 EPD 0.16% 25,492 $817K $32.06 $41K +667 +2.7%
92 AXON 0.16% 1,433 $814K $567.93 -$184K +42 +3.0%
93 QQQT 0.15% 45,570 $794K $17.43 -$189K -7,367 -13.9%
94 PG 0.15% 5,368 $769K $143.30 -$60K -30 -0.6%
95 DE 0.15% 1,611 $750K $465.57 +1,611 NEW
96 ADBE 0.14% 2,130 $745K $349.99 -$235 +16 +0.8%
97 WFC 0.14% 7,769 $724K $93.20 $85K +139 +1.8%
98 MSTR 0.14% 4,676 $711K $151.95 -$2M -4,093 -46.7%
99 SDTY 0.14% 15,784 $701K $44.38 $269K +6,365 +67.6%
100 COIN 0.13% 2,865 $648K $226.14 +2,865 NEW

Options Breakdown

17 Calls $231M Call Value 4 Puts $102M Put Value 0.44 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 146,600 $100M
AAPL 167,000 $45M
NVDA 87,400 $16M
AMZN 62,300 $14M
COST 10,900 $9M NEW
XOM 61,300 $7M
MSFT 14,300 $7M
AFL 59,400 $7M
ABBV 25,000 $6M
NVDL 62,700 $6M NEW

Top Puts

SymbolSharesValueStatus
SPY 120,700 $82M
QQQ 17,200 $11M
AAPL 30,100 $8M
YMAX 99,400 $992K NEW

New Positions

SymbolValue% Port
CGDV $2M 0.39%
MMM $1M 0.23%
TJX $1M 0.20%
GLD $1M 0.20%
ET $926K 0.18%
PNC $911K 0.18%
SOFI $844K 0.16%
BA $835K 0.16%
XONE $830K 0.16%
XHLF $829K 0.16%
DE $750K 0.15%
COIN $648K 0.13%
XTWO $565K 0.11%
EFX $542K 0.11%
GLDY $510K 0.10%

Sold Out Positions

SymbolValue% Port
LYV —%
GRMN —%
BMNR —%
GILD —%
GDXY —%
MSTY —%
TSLY —%
ARM —%
ULTY —%
UITB —%
WTW —%
VNQ —%
JCPB —%
SYLD —%
FIAT —%
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