Institutional Manager · CIK 0002045703
ZEGA Investments, LLC
Palm Beach Gardens, FL · File #028-24897
Latest AUM
$848.3M
Positions
173
Top-10 Concentration
67.2%
Filings
5
Portfolio Value Over Time
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | APPLE INC | AAPL | +308,255 | +$83.8M | +$668,510 |
| REDUCE | SPDR S&P 500 ETF TR | SPY | -88,237 | -$60.2M | +$2.5M |
| ADD | NVIDIA CORPORATION | NVDA | +96,569 | +$18.0M | -$3,453 |
| ADD | SSGA ACTIVE TR | 78470P846 | +405,530 | +$11.5M | -$268,728 |
| ADD | INVESCO QQQ TR | IVZ | +10,600 | +$6.5M | +$92,004 |
| ADD | META PLATFORMS INC | META | +8,804 | +$5.8M | -$327,290 |
| ADD | GRANITESHARES ETF TR | 38747R827 | +56,518 | +$5.0M | -$38,983 |
| REDUCE | SPDR SERIES TRUST | 78468R408 | -170,897 | -$4.3M | -$168,092 |
| REDUCE | SSGA ACTIVE ETF TR | 78467V608 | -99,916 | -$4.1M | -$110,769 |
| ADD | AMAZON COM INC | AMZN | +17,738 | +$4.1M | +$769,533 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025173 pos · $848.3M
- 13F HOLDINGS REPORTQ/E Sep 2025157 pos · $747.2M
- 13F HOLDINGS REPORTQ/E Jun 2025141 pos · $732.6M
- 13F HOLDINGS REPORTQ/E Mar 2025136 pos · $655.9M
- 13F HOLDINGS REPORTQ/E Dec 2024136 pos · $398.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 146,600 | $100.0M | 13.30% |
| 2 | APPLE INC | AAPL | 347,055 | $94.4M | 12.55% |
| 3 | SPDR S&P 500 ETF TR | SPY | 120,700 | $82.3M | 10.95% |
| 4 | SPDR S&P 500 ETF TR | SPY | 72,663 | $49.6M | 6.59% |
| 5 | SSGA ACTIVE TR | 78470P846 | 1,685,210 | $47.9M | 6.38% |
| 6 | APPLE INC | AAPL | 167,000 | $45.4M | 6.04% |
| 7 | NVIDIA CORPORATION | NVDA | 139,669 | $26.0M | 3.47% |
| 8 | TIDAL TRUST I | 886364660 | 941,836 | $21.3M | 2.84% |
| 9 | AMAZON COM INC | AMZN | 86,138 | $19.9M | 2.65% |
| 10 | MICROSOFT CORP | MSFT | 37,179 | $18.0M | 2.39% |
| 11 | NVIDIA CORPORATION | NVDA | 87,400 | $16.3M | 2.17% |
| 12 | AMAZON COM INC | AMZN | 62,300 | $14.4M | 1.91% |
| 13 | TESLA INC | TSLA | 31,895 | $14.3M | 1.91% |
| 14 | COSTCO WHSL CORP NEW | 22160K105 | 16,150 | $13.9M | 1.85% |
| 15 | SPDR SERIES TRUST | 78468R408 | 429,398 | $10.9M | 1.45% |
| 16 | SSGA ACTIVE ETF TR | 78467V608 | 257,316 | $10.6M | 1.41% |
| 17 | INVESCO QQQ TR | IVZ | 17,200 | $10.6M | 1.41% |
| 18 | COSTCO WHSL CORP NEW | 22160K105 | 10,900 | $9.4M | 1.25% |
| 19 | EXXON MOBIL CORP | XOM | 73,862 | $8.9M | 1.18% |
| 20 | META PLATFORMS INC | META | 13,209 | $8.7M | 1.16% |