1y return+13.6%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2024: $112 against $127 in the S&P 500.2
ZEGA Investments, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AAPLApple Inc | $94.0M | 15.7% | −6.8% |
| HYBLSsga Active Tr | $54.0M | 9.0% | +2.0% |
| SPYState Str Spdr S&p 500 Etf T | $48.4M | 8.1% | −9.2% |
| NVDANvidia Corporation | $36.0M | 6.0% | +5.9% |
| COSTCostco Wholesale Corporation | $24.7M | 4.1% | +15.3% |
| ZHDGTidal Trust I | $23.6M | 3.9% | −3.2% |
| AMZNAmazon Com Inc | $21.1M | 3.5% | +6.0% |
| TSLATesla Inc | $15.8M | 2.6% | +12.3% |
| MSFTMicrosoft Corp | $14.2M | 2.4% | +11.5% |
| MUMicron Technology Inc | $12.4M | 2.1% | +3109.0% |
| Exxon Mobil CorpCUSIP 30231G102 | $9.7M | 1.6% | |
| GOOGLAlphabet Inc | $9.2M | 1.5% | +46.8% |
| SJNKSpdr Series Trust | $8.3M | 1.4% | −1.1% |
| SRLNSsga Active Etf Tr | $8.1M | 1.3% | |
| AFLAflac Inc | $8.0M | 1.3% | |
| LLYEli Lilly & Co | $8.0M | 1.3% | −15.0% |
| METAMeta Platforms Inc | $7.5M | 1.2% | −5.5% |
| ABBVAbbvie Inc | $6.4M | 1.1% | −4.9% |
| NVDLGraniteshares Etf Tr | $5.7M | 0.9% | |
| UNHUnitedhealth Group Inc | $5.1M | 0.8% | +9.3% |
| GOOGAlphabet Inc | $3.8M | 0.6% | −28.2% |
| VVisa Inc | $3.7M | 0.6% | |
| CATCaterpillar Inc | $3.7M | 0.6% | −5.6% |
| ANETArista Networks Inc | $3.5M | 0.6% | +167.6% |
| AVGOBroadcom Inc | $3.5M | 0.6% | −4.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AMDAdvanced Micro Devices Inc | September 30, 2025 | +259.1% | $2.7M |
| CATCaterpillar Inc | December 31, 2024 | +193.6% | $3.7M |
| GOOGLAlphabet Inc | December 31, 2024 | +88.8% | $9.2M |
| GOOGAlphabet Inc | December 31, 2024 | +85.5% | $3.8M |
| AVGOBroadcom Inc | December 31, 2024 | +62.9% | $3.5M |
| LLYEli Lilly & Co | December 31, 2024 | +55.4% | $8.0M |
| ANETArista Networks Inc | December 31, 2024 | +53.7% | $3.5M |
| NVDANvidia Corporation | December 31, 2024 | +49.0% | $36.0M |
| QQQInvesco Qqq Tr | December 31, 2024 | +44.0% | $3.0M |
| ABBVAbbvie Inc | December 31, 2024 | +41.6% | $6.4M |
Sold off last quarter
- KMIKinder Morgan Inc Del was $1.5M
- SSOProshares Tr was $1.4M
- RPARTidal Trust I was $896K
- DARPTidal Trust II was $674K
- BABInvesco Exch Traded Fd Tr II was $604K
- WOMNTidal Trust III was $599K
- SYLDCambria Etf Tr was $387K
- Honeywell Intl IncCUSIP 438516106 was $378K
- JOJOTidal Trust I was $320K
- SHELShell PLC was $291K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.3% | +14.8% |
| March 31, 2026 | −4.9% | −4.6% |
| December 31, 2025 | +1.5% | +2.4% |
| September 30, 2025 | +7.7% | +7.8% |
| June 30, 2025 | +4.7% | +10.5% |
| March 31, 2025 | −5.5% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: ZEGA Investments, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2045703&type=13F-HR&dateb=&owner=include&count=40CIK 2045703
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2045703/000204570326000001/Filed July 31, 2026 · accession 0002045703-26-000001