Zega Financial, LLC

Palm Beach Gardens, FL · CIK 1610186 · 13F filing filed 2024-11-14

SEC-registered investment adviser since 2024 · limited liability company

Assets managed$614.0m
Staff10 · 10 in investment roles
Main clients (by assets)Other advisers 78%, High net worth individuals 15%, Individuals 7%
Websiteluckinbillfinancial.com
Form ADV · 2026-03-27SEC adviser record

Legal entityZEGA FINANCIAL LLC (US)

Others nearbyPalm Beach Gardens, FL

$304.3m reported value +10.1% vs Q2 2024

108positions

65.6%in top 10

30 new 35 added 38 reduced 28 sold out vs Q2 2024

Options: 2 call positions ($212.1m notional), 2 put positions ($143.5m notional) – listed below, not included above.

This report includes the holdings of 2 other managers that share the investment decisions:

Tidal Investments LLC – files its own report too; $12.1m of shares are in both
Zega Investments – no 13F of its own this quarter

Also in the report of:

Tidal Investments LLC – $12.1m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q3 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	239,383	$55.8m18.33%	18.33%	Added +17.3k	+17,261 7.8%
2	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	52,077	$29.9m9.82%	9.82%	Added +6.3k	+6,325 13.8%
3	SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN	SRLN	546,976	$22.8m7.51%	7.51%	Added +9.7k	+9,707 1.8%
4	SPDR SER TR BLOOMBERG SHT TE SJNK	SJNK	854,415	$22.0m7.23%	7.23%	Added +133.4k	+133,401 18.5%
5	TIDAL ETF TR ZEGA BUY AND HED ZHDG	ZHDG	771,632	$15.8m5.20%	5.20%	Reduced -27.2k	-27,155 -3.4%
6	MICROSOFT CORP COM MSFT	MSFT	34,588	$14.9m4.89%	4.89%	Added +2.3k	+2,287 7.1%
7	AMAZON COM INC COM AMZN	AMZN	63,650	$11.9m3.90%	3.90%	Added +11.9k	+11,892 23.0%
8	EXXON MOBIL CORP COM XOM	XOM	79,330	$9.3m3.06%	3.06%	Added +4.0k	+3,975 5.3%
9	NVIDIA CORPORATION COM NVDA	NVDA	72,348	$8.8m2.89%	2.89%	Added +18.2k	+18,194 33.6%
10	SSGA ACTIVE TR SPDR BLACKSTONE HYBL	HYBL	296,581	$8.5m2.80%	2.80%	Added +33.6k	+33,650 12.8%
11	DIAMONDBACK ENERGY INC COM FANG	FANG	45,254	$7.8m2.56%	2.56%	Reduced -1.2k	-1,184 -2.5%
12	AFLAC INC COM AFL	AFL	64,000	$7.2m2.35%	2.35%	Reduced -4.1k	-4,078 -6.0%
13	UNITEDHEALTH GROUP INC COM UNH	UNH	10,052	$5.9m1.93%	1.93%	Added +2.2k	+2,184 27.8%
14	ISHARES TR CORE S&P500 ETF IVV	IVV	7,589	$4.4m1.44%	1.44%	Reduced -107	-107 -1.4%
15	COSTCO WHSL CORP NEW COM COST	COST	4,665	$4.1m1.36%	1.36%	Added +1.0k	+1,038 28.6%
16	ALPHABET INC CAP STK CL A GOOGL	GOOGL	20,684	$3.4m1.13%	1.13%	Added +92	+92 0.5%
17	TIDAL TRUST II YIELDMAX UNIVERS YMAX	YMAX	191,200	$3.4m1.12%	1.12%	Reduced -23.8k	-23,782 -11.1%
18	TIDAL TRUST II DEFIANCE S&P 500 SPYT	SPYT	137,353	$2.8m0.91%	0.91%	Added +78.6k	+78,590 133.7%
19	TIDAL ETF TR SOFI ENHANCED YL THTA	THTA	140,123	$2.7m0.87%	0.87%	Added +4.7k	+4,659 3.4%
20	TESLA INC COM TSLA	TSLA	8,308	$2.2m0.71%	0.71%	Added +1.4k	+1,435 20.9%
21	PALO ALTO NETWORKS INC COM PANW	PANW	5,997	$2.0m0.67%	0.67%	Added +48	+48 0.8%
22	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	32,277	$1.9m0.63%	0.63%	Reduced -2.7k	-2,691 -7.7%
23	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	3,808	$1.9m0.61%	0.61%	Reduced -2	-2 -0.1%
24	ARISTA NETWORKS INC COM COM		4,419	$1.7m0.56%	0.56%	Reduced -11	-11 -0.2%
25	ELI LILLY & CO COM LLY	LLY	1,748	$1.5m0.51%	0.51%	Reduced -573	-573 -24.7%
26	MCKESSON CORP COM MCK	MCK	3,120	$1.5m0.51%	0.51%	Reduced -11	-11 -0.3%
27	J P MORGAN EXCHANGE TRADED F ULTRA SHRT ETF JPST	JPST	30,205	$1.5m0.50%	0.50%	Added +7.0k	+7,047 30.4%
28	SPDR SER TR PRTFLO S&P500 HI SPYD	SPYD	32,582	$1.5m0.49%	0.49%	New
29	META PLATFORMS INC CL A META	META	2,586	$1.5m0.49%	0.49%	Reduced -474	-474 -15.5%
30	INVESCO ACTIVELY MANAGED EXC ULTRA SHRT DUR GSY	GSY	28,293	$1.4m0.47%	0.47%	Added +6.8k	+6,763 31.4%
31	CATERPILLAR INC COM CAT	CAT	3,625	$1.4m0.47%	0.47%	Added +121	+121 3.5%
32	FIRST TR EXCHANGE-TRADED FD FIRST TR ENH NEW FTSM	FTSM	21,659	$1.3m0.43%	0.43%	Added +4.2k	+4,154 23.7%
33	PGIM ETF TR PGIM ULTRA SH BD PULS	PULS	25,744	$1.3m0.42%	0.42%	Added +6.0k	+5,956 30.1%
34	COCA COLA CO COM KO	KO	17,164	$1.2m0.41%	0.41%	Added +6	+6 0.0%
35	J P MORGAN EXCHANGE TRADED F DIVERSFD EQT ETF JPSE	JPSE	24,896	$1.2m0.39%	0.39%	Added +7.7k	+7,714 44.9%
36	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	25,679	$1.2m0.38%	0.38%	Added +7.5k	+7,491 41.2%
37	ADOBE INC COM ADBE	ADBE	2,114	$1.1m0.36%	0.36%	Reduced -379	-379 -15.2%
38	PACER FDS TR US CASH COWS 100 COWZ	COWZ	18,851	$1.1m0.36%	0.36%	Reduced -3.7k	-3,723 -16.5%
39	SELECT SECTOR SPDR TR INDL XLI	XLI	7,761	$1.1m0.35%	0.35%	Reduced -221	-221 -2.8%
40	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	11,375	$1.0m0.34%	0.34%	Reduced -6.0k	-6,028 -34.6%
41	PACCAR INC COM PCAR	PCAR	10,500	$1.0m0.34%	0.34%	Reduced -36	-36 -0.3%
42	HOME DEPOT INC COM HD	HD	2,557	$1.0m0.34%	0.34%	Added +1	+1 0.0%
43	AMGEN INC COM AMGN	AMGN	3,202	$1.0m0.34%	0.34%	New
44	JOHNSON & JOHNSON COM JNJ	JNJ	6,204	$1.0m0.33%	0.33%	Unchanged
45	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	2,020	$992.4k0.33%	0.33%	Reduced -164	-164 -7.5%
46	PACER FDS TR PACER US SMALL CALF	CALF	21,253	$988.7k0.32%	0.32%	Reduced -8.3k	-8,335 -28.2%
47	INTUIT COM INTU	INTU	1,529	$949.5k0.31%	0.31%	Added +9	+9 0.6%
48	GRAINGER W W INC COM GWW	GWW	888	$922.0k0.30%	0.30%	Added +21	+21 2.4%
49	TRANSDIGM GROUP INC COM TDG	TDG	637	$909.1k0.30%	0.30%	Reduced -19	-19 -2.9%
50	US BANCORP DEL COM NEW USB	USB	19,818	$906.3k0.30%	0.30%	New
51	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	3,060	$858.2k0.28%	0.28%	Reduced -124	-124 -3.9%
52	ORACLE CORP COM ORCL	ORCL	5,024	$856.1k0.28%	0.28%	Reduced -2.2k	-2,196 -30.4%
53	PROCTER AND GAMBLE CO COM PG	PG	4,784	$828.6k0.27%	0.27%	Reduced -99	-99 -2.0%
54	NETFLIX INC COM NFLX	NFLX	1,160	$822.8k0.27%	0.27%	Reduced -396	-396 -25.4%
55	TIDAL TRUST II DEFIANCE NASDAQ QQQT	QQQT	40,392	$783.2k0.26%	0.26%	New
56	JPMORGAN CHASE & CO COM JPM	JPM	3,627	$764.8k0.25%	0.25%	Reduced -1.3k	-1,277 -26.0%
57	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	1,955	$750.5k0.25%	0.25%	Added +5	+5 0.3%
58	WILLIAMS COS INC COM WMB	WMB	15,211	$694.4k0.23%	0.23%	New
59	ISHARES TR CORE S&P SCP ETF IJR	IJR	5,819	$680.6k0.22%	0.22%	New
60	J P MORGAN EXCHANGE TRADED F DIVERSFED RTRN JPME	JPME	6,280	$659.7k0.22%	0.22%	New
61	VISA INC COM CL A V	V	2,356	$647.9k0.21%	0.21%	Added +74	+74 3.2%
62	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	20,870	$607.5k0.20%	0.20%	Added +344	+344 1.7%
63	ISHARES TR CORE S&P TTL STK ITOT	ITOT	4,608	$578.9k0.19%	0.19%	Reduced -37	-37 -0.8%
64	CAMBRIA ETF TR SHSHLD YIELD ETF SYLD	SYLD	7,918	$573.0k0.19%	0.19%	New
65	TIDAL TR II DEFIANCE R2000 IWMY	IWMY	15,099	$560.6k0.18%	0.18%	New
66	INVESCO ACTVELY MNGD ETC FD OPTIMUM YIELD PDBC	PDBC	40,981	$550.4k0.18%	0.18%	Added +25.2k	+25,180 159.4%
67	TIDAL ETF TR II NICHOLAS FIXED FIAX	FIAX	27,506	$537.7k0.18%	0.18%	Reduced -12.5k	-12,512 -31.3%
68	GILEAD SCIENCES INC COM GILD	GILD	6,047	$507.0k0.17%	0.17%	New
69	WALMART INC COM WMT	WMT	6,106	$493.1k0.16%	0.16%	Reduced -17	-17 -0.3%
70	ADVANCED MICRO DEVICES INC COM AMD	AMD	2,668	$437.8k0.14%	0.14%	Reduced -5.1k	-5,108 -65.7%
71	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	8,382	$433.7k0.14%	0.14%	New
72	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	886	$407.8k0.13%	0.13%	Reduced -2	-2 -0.2%
73	CHEVRON CORP NEW COM CVX	CVX	2,685	$395.4k0.13%	0.13%	Added +153	+153 6.0%
74	ABBOTT LABS COM ABT	ABT	3,387	$386.2k0.13%	0.13%	Reduced -11	-11 -0.3%
75	FIDELITY COVINGTON TRUST HIGH DIVID ETF FDVV	FDVV	7,507	$380.2k0.12%	0.12%	Added +3.1k	+3,100 70.3%
76	TIDAL TR II DEFIANCE S&P 500 WDTE	WDTE	8,313	$367.4k0.12%	0.12%	New
77	TIDAL TRUST II YIELDMAX NVDA NVDY	NVDY	14,403	$345.1k0.11%	0.11%	Reduced -501	-501 -3.4%
78	ABBVIE INC COM ABBV	ABBV	1,470	$290.3k0.10%	0.10%	Reduced -2.9k	-2,904 -66.4%
79	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	2,971	$289.4k0.10%	0.10%	New
80	UBER TECHNOLOGIES INC COM UBER	UBER	3,830	$287.9k0.09%	0.09%	Reduced -4.0k	-3,995 -51.0%
81	TIDAL TRUST II DEFIANCE NASDAQ QQQY	QQQY	7,688	$281.8k0.09%	0.09%	New
82	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	5,217	$275.8k0.09%	0.09%	Reduced -837	-837 -13.8%
83	VANGUARD WORLD FD MEGA CAP INDEX MGC	MGC	1,290	$266.6k0.09%	0.09%	Added +68	+68 5.6%
84	UNITED PARCEL SERVICE INC CL B UPS	UPS	1,922	$262.0k0.09%	0.09%	Unchanged
85	SSGA ACTIVE ETF TR ULT SHT TRM BD ULST	ULST	6,325	$257.9k0.08%	0.08%	New
86	AXON ENTERPRISE INC COM AXON	AXON	642	$256.5k0.08%	0.08%	New
87	TIDAL TR II YIELDMAX BITCOIN YIELDMAX BITCOIN		18,439	$254.1k0.08%	0.08%	New
88	GOLDMAN SACHS ETF TR ULTRA SHORT BOND GSST	GSST	4,991	$252.7k0.08%	0.08%	New
89	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	4,972	$252.3k0.08%	0.08%	New
90	WISDOMTREE TR FLOATNG RAT TREA USFR	USFR	4,976	$249.9k0.08%	0.08%	New
91	ALPHABET INC CAP STK CL C GOOG	GOOG	1,472	$246.1k0.08%	0.08%	Unchanged
92	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	893	$242.0k0.08%	0.08%	New
93	AMERICAN EXPRESS CO COM AXP	AXP	877	$237.9k0.08%	0.08%	New
94	TIDAL TRUST II YIELDMAX SHORT YQQQ	YQQQ	12,328	$230.2k0.08%	0.08%	New
95	SERVICENOW INC COM NOW	NOW	249	$222.7k0.07%	0.07%	Reduced -923	-923 -78.8%
96	MASTERCARD INCORPORATED CL A MA	MA	442	$218.1k0.07%	0.07%	New
97	S&P GLOBAL INC COM SPGI	SPGI	413	$213.4k0.07%	0.07%	New
98	LEIDOS HOLDINGS INC COM LDOS	LDOS	1,267	$206.5k0.07%	0.07%	New
99	MICRON TECHNOLOGY INC COM MU	MU	1,950	$202.2k0.07%	0.07%	Reduced -150	-150 -7.1%
100	ISHARES TR 7-10 YR TRSY BD IEF	IEF	2,060	$202.1k0.07%	0.07%	New

Sold out since Q2 2024

Security	Ticker	Shares held before	Value then
CHIPOTLE MEXICAN GRILL INC CMG	CMG	14,950	$936.6k14.9k shares
PROSHARES TR SSO	SSO	11,213	$926.2k11.2k shares
ISHARES TR IJH	IJH	13,645	$798.5k13.6k shares
TIDAL TR II		48,066	$699.4k48.1k shares
TIDAL TR II		45,638	$684.1k45.6k shares
EOG RES INC EOG	EOG	5,336	$671.6k5.3k shares
NOVO-NORDISK A S NVO	NVO	4,399	$627.9k4.4k shares
ISHARES TR HDV	HDV	5,085	$552.8k5.1k shares
FEDEX CORP FDX	FDX	1,708	$512.1k1.7k shares
TIDAL TR II JEPY	JEPY	26,669	$436.6k26.7k shares
SEAGATE TECHNOLOGY HLDNGS PL STX	STX	3,070	$317.0k3.1k shares
SELECT SECTOR SPDR TR XLV	XLV	2,158	$314.6k2.2k shares
EBAY INC. EBAY	EBAY	5,627	$302.3k5.6k shares
PACKAGING CORP AMER PKG	PKG	1,600	$292.1k1.6k shares
TIDAL TR II DISO	DISO	16,332	$289.3k16.3k shares
SALESFORCE INC CRM	CRM	1,050	$270.0k1.1k shares
DEVON ENERGY CORP NEW DVN	DVN	5,630	$266.9k5.6k shares
PRUDENTIAL FINL INC PRU	PRU	2,202	$258.1k2.2k shares
CARDINAL HEALTH INC CAH	CAH	2,545	$250.2k2.5k shares
TIDAL TRUST II APLY	APLY	13,703	$248.2k13.7k shares
VERIZON COMMUNICATIONS INC VZ	VZ	5,429	$223.9k5.4k shares
SKYWORKS SOLUTIONS INC SWKS	SWKS	2,100	$223.8k2.1k shares
TIDAL TRUST II GOOY	GOOY	12,110	$222.8k12.1k shares
CAMPBELL SOUP CO CPB	CPB	4,900	$221.4k4.9k shares
TIDAL TRUST II MSFO	MSFO	9,908	$220.5k9.9k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	360,600	$206.9m360.6k shares	Added
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	241,700	$138.7m241.7k shares	Reduced
INVESCO QQQ TR QQQ · Call	QQQ	Call	10,700	$5.2m10.7k shares	Added
APPLE INC AAPL · Put	AAPL	Put	20,900	$4.9m20.9k shares	Reduced