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Portfolio (Quarterly) Guide ↗

ZEGA Investments, LLC

· CIK 0002045703
13F Portfolio $890M AUM 299 positions Filed May 11, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 143 New 54 Added 65 Reduced 17 Exited
Page 1 of 4  ·  65 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 SPY CALL STATE STR SPDR S&P 500 ETF T Financial Services 139,000.0 $90.4M 10.16% -8K -5.2% $650.34 +15.4%
2 SPY PUT STATE STR SPDR S&P 500 ETF T Financial Services 116,200.0 $75.6M 8.49% -4K -3.7% $650.34 +15.4%
3 SPY STATE STR SPDR S&P 500 ETF T Financial Services 71,382.0 $46.4M 5.22% -1K -1.8% $650.34 +15.4%
4 AAPL CALL APPLE INC Technology 126,500.0 $32.1M 3.61% -40K -24.2% $253.79 +22.5%
5 AMZN AMAZON COM INC Consumer Cyclical 83,572.0 $17.4M 1.96% -3K -3.0% $208.27 +30.5%
6 MSFT MICROSOFT CORP Technology 34,213.0 $12.7M 1.42% -3K -8.0% $370.17 +11.5%
7 XOM EXXON MOBIL CORP Energy 70,990.0 $12.0M 1.35% -3K -3.9% $169.66 -11.7%
8 XOM CALL EXXON MOBIL CORP Energy 59,800.0 $10.1M 1.14% -2K -2.5% $169.66 -11.7%
9 AMZN CALL AMAZON COM INC Consumer Cyclical 46,900.0 $9.8M 1.10% -15K -24.7% $208.27 +30.5%
10 SJNK SPDR SERIES TRUST 336,858.0 $8.4M 0.95% -93K -21.6% $24.98 +0.4%
11 SRLN SSGA ACTIVE ETF TR 200,083.0 $8.0M 0.90% -57K -22.2% $40.14 +1.1%
12 GOOG ALPHABET INC Communication Services 15,113.0 $4.3M 0.49% -573.0 -3.6% $286.87 +34.1%
13 MSFT CALL MICROSOFT CORP Technology 9,600.0 $3.6M 0.40% -5K -32.9% $370.17 +11.5%
14 UNH UNITEDHEALTH GROUP INC Healthcare 11,202.0 $3.0M 0.34% -74.0 -0.7% $270.59 +41.9%
15 AVGO BROADCOM INC Technology 9,696.0 $3.0M 0.34% -178.0 -1.8% $309.51 +36.3%
16 AAPL PUT APPLE INC Technology 10,700.0 $2.7M 0.30% -19K -64.5% $253.79 +22.5%
17 HD HOME DEPOT INC Consumer Cyclical 7,046.0 $2.3M 0.26% -72.0 -1.0% $328.90 -3.4%
18 JPM CALL JPMORGAN CHASE & CO Financial Services 7,500.0 $2.2M 0.25% -5K -41.4% $294.16 +1.7%
19 BIGY TIDAL TRUST II 40,436.0 $2.0M 0.22% -1K -2.5% $48.60 +10.2%
20 SPYT TIDAL TRUST II 116,537.0 $1.9M 0.21% -9K -6.9% $16.30 +10.1%
Page 1 of 4  ·  65 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 38.6%
Financial Services 20.2%
Consumer Cyclical 10.0%
Consumer Defensive 8.3%
Healthcare 6.5%
Energy 5.3%
Communication Services 5.0%
Industrials 5.0%
Basic Materials 0.6%
Utilities 0.4%