ZEGA Investments, LLC

PALM BEACH GARDENS, FL · CIK 2045703 · 13F filing filed 2026-07-31

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyPalm Beach Gardens, FL

$599.9m reported value +13.6% vs Q1 2026

215positions

57.4%in top 10

39 new 86 added 75 reduced 14 sold out vs Q1 2026

Options: 97 call positions ($272.8m notional), 23 put positions ($100.3m notional) – listed below, not included above.

Holdings, Q2 2026

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	324,998	$94.0m15.68%	15.68%	Reduced -23.8k	-23,833 -6.8%
2	SSGA ACTIVE TR SPDR BLACKSTONE HYBL	HYBL	1,933,377	$54.0m9.01%	9.01%	Added +38.4k	+38,396 2.0%
3	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	64,796	$48.4m8.07%	8.07%	Reduced -6.6k	-6,586 -9.2%
4	NVIDIA CORPORATION COM NVDA	NVDA	179,783	$36.0m6.00%	6.00%	Added +10.1k	+10,053 5.9%
5	COSTCO WHSL CORP NEW COM COST	COST	26,358	$24.7m4.11%	4.11%	Added +3.5k	+3,500 15.3%
6	TIDAL ETF TR ZEGA BUY AND HED ZHDG	ZHDG	1,002,872	$23.6m3.93%	3.93%	Reduced -33.5k	-33,511 -3.2%
7	AMAZON COM INC COM AMZN	AMZN	88,567	$21.1m3.52%	3.52%	Added +5.0k	+4,995 6.0%
8	TESLA INC COM TSLA	TSLA	37,452	$15.8m2.63%	2.63%	Added +4.1k	+4,096 12.3%
9	MICROSOFT CORP COM MSFT	MSFT	38,149	$14.2m2.37%	2.37%	Added +3.9k	+3,936 11.5%
10	MICRON TECHNOLOGY INC COM MU	MU	10,750	$12.4m2.07%	2.07%	Added +10.4k	+10,415 3109.0%
11	EXXON MOBIL CORP COM XOM	XOM	71,190	$9.7m1.62%	1.62%	Added +200	+200 0.3%
12	ALPHABET INC CAP STK CL A GOOGL	GOOGL	25,830	$9.2m1.54%	1.54%	Added +8.2k	+8,239 46.8%
13	SPDR SER TR BLOOMBERG SHT TE SJNK	SJNK	333,266	$8.3m1.39%	1.39%	Reduced -3.6k	-3,592 -1.1%
14	SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN	SRLN	199,821	$8.1m1.34%	1.34%	Reduced -262	-262 -0.1%
15	AFLAC INC COM AFL	AFL	68,087	$8.0m1.33%	1.33%	Added +21	+21 0.0%
16	ELI LILLY & CO COM LLY	LLY	6,635	$8.0m1.33%	1.33%	Reduced -1.2k	-1,168 -15.0%
17	META PLATFORMS INC CL A META	META	13,246	$7.5m1.24%	1.24%	Reduced -767	-767 -5.5%
18	ABBVIE INC COM ABBV	ABBV	25,513	$6.4m1.07%	1.07%	Reduced -1.3k	-1,306 -4.9%
19	GRANITESHARES ETF TR 2X LONG NVDA DAI NVDL	NVDL	190,401	$5.7m0.95%	0.95%	Unchanged
20	UNITEDHEALTH GROUP INC COM UNH	UNH	12,243	$5.1m0.85%	0.85%	Added +1.0k	+1,041 9.3%
21	ALPHABET INC CAP STK CL C GOOG	GOOG	10,856	$3.8m0.64%	0.64%	Reduced -4.3k	-4,257 -28.2%
22	VISA INC COM CL A V	V	10,821	$3.7m0.62%	0.62%	Added +1	+1 0.0%
23	CATERPILLAR INC COM CAT	CAT	3,449	$3.7m0.61%	0.61%	Reduced -203	-203 -5.6%
24	ARISTA NETWORKS INC COM SHS ANET	ANET	20,760	$3.5m0.59%	0.59%	Added +13.0k	+13,002 167.6%
25	BROADCOM INC COM AVGO	AVGO	9,303	$3.5m0.59%	0.59%	Reduced -393	-393 -4.0%
26	WALMART INC COM WMT	WMT	28,402	$3.2m0.54%	0.54%	Reduced -1.5k	-1,464 -4.9%
27	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	4,079	$3.0m0.50%	0.50%	Reduced -25	-25 -0.6%
28	GLOBAL X FDS US INFR DEV ETF PAVE	PAVE	50,616	$3.0m0.50%	0.50%	Added +18.4k	+18,381 57.0%
29	TIDAL TRUST II YIELDMAX TRGT12 BIGY	BIGY	56,326	$2.9m0.49%	0.49%	Added +15.9k	+15,890 39.3%
30	SPDR SER TR PORTFLI INTRMDIT SPTI	SPTI	100,793	$2.9m0.48%	0.48%	Added +18.8k	+18,789 22.9%
31	NORFOLK SOUTHN CORP COM NSC	NSC	8,936	$2.8m0.47%	0.47%	Unchanged
32	HOME DEPOT INC COM HD	HD	7,774	$2.7m0.46%	0.46%	Added +728	+728 10.3%
33	ADVANCED MICRO DEVICES INC COM AMD	AMD	4,680	$2.7m0.45%	0.45%	Reduced -1.8k	-1,764 -27.4%
34	CAPITAL GROUP DIVIDEND VALUE SHS CREATION UNI CGDV	CGDV	52,744	$2.6m0.43%	0.43%	Added +8.1k	+8,108 18.2%
35	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	11,553	$2.6m0.43%	0.43%	New
36	TIDAL TRUST III FUNDSTRAT GRANNY GRNJ	GRNJ	81,509	$2.6m0.43%	0.43%	Added +24.4k	+24,406 42.7%
37	JPMORGAN CHASE & CO COM JPM	JPM	7,609	$2.5m0.42%	0.42%	Reduced -8.7k	-8,741 -53.5%
38	ABBOTT LABS COM ABT	ABT	25,706	$2.3m0.39%	0.39%	Reduced -2.7k	-2,720 -9.6%
39	MCKESSON CORP COM MCK	MCK	2,975	$2.2m0.37%	0.37%	Added +3	+3 0.1%
40	SPDR GOLD TR GOLD SHS GLD	GLD	6,006	$2.2m0.37%	0.37%	Reduced -417	-417 -6.5%
41	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	24,357	$2.1m0.36%	0.36%	Added +4.6k	+4,639 23.5%
42	TIDAL TRUST II YIELDMAX TARGET SOXY	SOXY	18,727	$2.1m0.36%	0.36%	Reduced -3.3k	-3,320 -15.1%
43	TIDAL TRUST II DEFIANCE S&P 500 SPYT	SPYT	118,905	$2.1m0.35%	0.35%	Added +2.4k	+2,368 2.0%
44	SPDR SERIES TRUST AEROSPACE DEF XAR	XAR	7,239	$2.1m0.34%	0.34%	Added +1.8k	+1,780 32.6%
45	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	4,049	$2.0m0.34%	0.34%	Added +187	+187 4.8%
46	ISHARES TR CORE S&P500 ETF IVV	IVV	2,566	$1.9m0.32%	0.32%	Reduced -341	-341 -11.7%
47	MARRIOTT INTL INC NEW CL A MAR	MAR	5,183	$1.9m0.32%	0.32%	Reduced -519	-519 -9.1%
48	PACER FDS TR DEVELOPED MRKT ICOW	ICOW	46,116	$1.9m0.32%	0.32%	Added +10.9k	+10,854 30.8%
49	JOHNSON & JOHNSON COM JNJ	JNJ	7,517	$1.9m0.32%	0.32%	Added +1.2k	+1,155 18.1%
50	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	20,707	$1.9m0.32%	0.32%	Added +2.7k	+2,716 15.1%
51	ISHARES TR CORE S&P TTL STK ITOT	ITOT	10,988	$1.8m0.30%	0.30%	Reduced -162	-162 -1.4%
52	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	5,391	$1.6m0.27%	0.27%	Added +110	+110 2.1%
53	MADISON ETFS TRUST SHORT TERM STRAT MSTI	MSTI	76,992	$1.6m0.26%	0.26%	Added +14.0k	+14,002 22.2%
54	3M CO COM MMM	MMM	9,474	$1.5m0.26%	0.26%	Unchanged
55	RTX CORPORATION COM RTX	RTX	8,048	$1.5m0.25%	0.25%	Added +35	+35 0.4%
56	ORACLE CORP COM ORCL	ORCL	10,302	$1.5m0.25%	0.25%	Added +3.2k	+3,165 44.4%
57	COCA COLA CO COM KO	KO	17,668	$1.4m0.24%	0.24%	Added +149	+149 0.8%
58	PARKER-HANNIFIN CORP COM PH	PH	1,412	$1.4m0.23%	0.23%	Reduced -149	-149 -9.6%
59	VALERO ENERGY CORP COM VLO	VLO	5,217	$1.4m0.23%	0.23%	New
60	WEC ENERGY GROUP INC COM WEC	WEC	11,513	$1.3m0.22%	0.22%	New
61	WORLD GOLD TR SPDR GLD MINIS GLDM	GLDM	16,394	$1.3m0.22%	0.22%	Reduced -727	-727 -4.2%
62	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	11,079	$1.3m0.22%	0.22%	Added +2.8k	+2,750 33.0%
63	US BANCORP DEL COM NEW USB	USB	21,349	$1.3m0.21%	0.21%	Reduced -4.9k	-4,912 -18.7%
64	PACCAR INC COM PCAR	PCAR	10,500	$1.3m0.21%	0.21%	Unchanged
65	INTEL CORP COM INTC	INTC	8,743	$1.2m0.20%	0.20%	Added +4	+4 0.1%
66	ISHARES TR 1 3 YR TREAS BD SHY	SHY	14,784	$1.2m0.20%	0.20%	New
67	CHEVRON CORP NEW COM CVX	CVX	7,315	$1.2m0.20%	0.20%	Reduced -1.2k	-1,215 -14.2%
68	GE VERNOVA INC COM GEV	GEV	977	$1.1m0.19%	0.19%	Reduced -170	-170 -14.8%
69	PEPSICO INC COM PEP	PEP	8,166	$1.1m0.18%	0.18%	Added +1	+1 0.0%
70	STRYKER CORPORATION COM SYK	SYK	3,441	$1.1m0.18%	0.18%	Added +224	+224 7.0%
71	STARBUCKS CORP COM SBUX	SBUX	10,589	$1.1m0.18%	0.18%	Reduced -15	-15 -0.1%
72	TJX COS INC NEW COM TJX	TJX	7,113	$1.1m0.18%	0.18%	Reduced -31	-31 -0.4%
73	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	1,396	$1.1m0.18%	0.18%	Reduced -1.1k	-1,149 -45.1%
74	CHUBB LIMITED COM CB	CB	3,125	$1.1m0.18%	0.18%	New
75	GE AEROSPACE COM NEW GE	GE	2,827	$1.1m0.18%	0.18%	Reduced -113	-113 -3.8%
76	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	54,433	$1.0m0.17%	0.17%	Reduced -1.7k	-1,746 -3.1%
77	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	10,310	$1.0m0.17%	0.17%	Added +213	+213 2.1%
78	EATON CORP PLC SHS ETN	ETN	2,396	$1.0m0.17%	0.17%	Reduced -330	-330 -12.1%
79	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	11,810	$1.0m0.17%	0.17%	Added +2	+2 0.0%
80	MADISON ETFS TRUST AGGREGATE BOND MAGG	MAGG	50,310	$1.0m0.17%	0.17%	Added +1.6k	+1,561 3.2%
81	EA SERIES TRUST ALPHA ARCH 1-3 BOXX	BOXX	8,627	$1.0m0.17%	0.17%	Added +5.0k	+4,961 135.3%
82	AMERICAN EXPRESS CO COM AXP	AXP	2,970	$1.0m0.17%	0.17%	Reduced -87	-87 -2.9%
83	BONDBLOXX ETF TRUST BLOOMBERG ONE YR XONE	XONE	20,062	$990.5k0.17%	0.17%	Added +3.7k	+3,664 22.3%
84	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	2,637	$989.7k0.16%	0.16%	Reduced -72	-72 -2.7%
85	PNC FINL SVCS GROUP INC COM PNC	PNC	4,014	$988.3k0.16%	0.16%	Reduced -59	-59 -1.4%
86	DEERE & CO COM DE	DE	1,553	$985.1k0.16%	0.16%	Added +1	+1 0.1%
87	TIDAL TRUST I SOFI SELECT 500 SFY	SFY	6,516	$970.0k0.16%	0.16%	Added +99	+99 1.5%
88	ROCKET LAB CORP COM RKLB	RKLB	9,500	$965.7k0.16%	0.16%	New
89	QUANTA SVCS INC COM PWR	PWR	1,324	$953.3k0.16%	0.16%	Reduced -277	-277 -17.3%
90	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	25,563	$939.7k0.16%	0.16%	Reduced -170	-170 -0.7%
91	BANK NEW YORK MELLON CORP COM BNY	BNY	6,356	$919.1k0.15%	0.15%	Reduced -860	-860 -11.9%
92	UNION PAC CORP COM UNP	UNP	3,351	$911.5k0.15%	0.15%	Added +469	+469 16.3%
93	AIR PRODS & CHEMS INC COM APD	APD	3,085	$904.5k0.15%	0.15%	Reduced -76	-76 -2.4%
94	TIDAL TRUST II DEFIANCE NASDAQ QQQT	QQQT	46,184	$881.0k0.15%	0.15%	Added +4.4k	+4,401 10.5%
95	MONSTER BEVERAGE CORP NEW COM MNST	MNST	9,136	$878.2k0.15%	0.15%	Added +49	+49 0.5%
96	VISTRA CORP COM VST	VST	5,525	$876.4k0.15%	0.15%	Added +1.4k	+1,359 32.6%
97	KLA CORP COM NEW KLAC	KLAC	2,895	$873.5k0.15%	0.15%	Reduced -3.6k	-3,575 -55.3%
98	ONEOK INC NEW COM OKE	OKE	9,914	$861.9k0.14%	0.14%	Added +13	+13 0.1%
99	UNITED PARCEL SERVICE INC CL B UPS	UPS	7,936	$853.1k0.14%	0.14%	Added +4.3k	+4,333 120.3%
100	GOLDMAN SACHS GROUP INC COM GS	GS	837	$846.5k0.14%	0.14%	Reduced -31	-31 -3.6%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
KINDER MORGAN INC DEL KMI	KMI	44,494	$1.5m44.5k shares
PROSHARES TR SSO	SSO	27,375	$1.4m27.4k shares
TIDAL ETF TR RPAR	RPAR	40,233	$895.6k40.2k shares
TIDAL TRUST II DARP	DARP	14,299	$674.0k14.3k shares
INVESCO EXCH TRADED FD TR II BAB	BAB	22,395	$603.8k22.4k shares
TIDAL TRUST III WOMN	WOMN	15,130	$598.8k15.1k shares
CAMBRIA ETF TR SYLD	SYLD	5,131	$386.9k5.1k shares
HONEYWELL INTL INC		836	$378.1k836 shares
TIDAL ETF TR JOJO	JOJO	20,576	$320.4k20.6k shares
SHELL PLC SHEL	SHEL	3,126	$290.7k3.1k shares
GLOBAL X FDS SHLD	SHLD	4,056	$287.3k4.1k shares
MICROSTRATEGY INC MSTR	MSTR	2,020	$252.1k2.0k shares
TIDAL TRUST II PLTY	PLTY	6,307	$243.5k6.3k shares
KINROSS GOLD CORP KGC	KGC	7,100	$216.7k7.1k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	139,900	$104.5m139.9k shares	Added
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	108,500	$81.0m108.5k shares	Reduced
APPLE INC AAPL · Call	AAPL	Call	114,300	$33.1m114.3k shares	Reduced
NVIDIA CORPORATION NVDA · Call	NVDA	Call	101,800	$20.4m101.8k shares	Reduced
COSTCO WHSL CORP NEW COST · Call	COST	Call	21,500	$20.1m21.5k shares	Added
AMAZON COM INC AMZN · Call	AMZN	Call	48,500	$11.6m48.5k shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	13,400	$9.9m13.4k shares	Reduced
AFLAC INC AFL · Call	AFL	Call	59,400	$7.0m59.4k shares	Unchanged
MICROSOFT CORP MSFT · Call	MSFT	Call	16,200	$6.0m16.2k shares	Added
ABBVIE INC ABBV · Call	ABBV	Call	23,700	$6.0m23.7k shares	Reduced
INVESCO QQQ TR QQQ · Call	QQQ	Call	6,900	$5.1m6.9k shares	Reduced
META PLATFORMS INC META · Call	META	Call	9,000	$5.1m9.0k shares	Added
NORFOLK SOUTHN CORP NSC · Call	NSC	Call	8,900	$2.8m8.9k shares	Unchanged
TESLA INC TSLA · Call	TSLA	Call	6,000	$2.5m6.0k shares	Reduced
ALPHABET INC GOOGL · Call	GOOGL	Call	7,000	$2.5m7.0k shares	Added
WALMART INC WMT · Call	WMT	Call	21,800	$2.5m21.8k shares	Reduced
HOME DEPOT INC HD · Call	HD	Call	7,000	$2.5m7.0k shares	Added
SPDR GOLD TR GLD · Put	GLD	Put	6,100	$2.2m6.1k shares	Added
ABBOTT LABS ABT · Call	ABT	Call	24,600	$2.2m24.6k shares	Added
CATERPILLAR INC CAT · Call	CAT	Call	1,900	$2.0m1.9k shares	Unchanged
3M CO MMM · Call	MMM	Call	9,300	$1.5m9.3k shares	Unchanged
RTX CORPORATION RTX · Call	RTX	Call	7,900	$1.5m7.9k shares	Unchanged
INVESCO EXCH TRADED FD TR II QQQM · Call	QQQM	Call	4,800	$1.5m4.8k shares	Added
SPDR GOLD TR GLD · Call	GLD	Call	3,900	$1.4m3.9k shares	Added
APPLE INC AAPL · Put	AAPL	Put	4,900	$1.4m4.9k shares	Reduced