ZEGA Investments
ZEGA Investments reported 215 stocks worth $600M in its 13F filing for Q2 2026, filed Jul 31, 2026. Its largest holdings are AAPL (15.7%), HYBL (9.0%) and SPY (8.1%). Compared with Q1 2026, the fund opened new positions in ADP, VLO and WEC, added to HYBL, NVDA and COST, trimmed AAPL, SPY and ZHDG and sold out of KMI, SSO and RPAR.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 7 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  AAPL Apple Inc | $94M | 15.7% | 325K | −24K (−7%) | 7 of 7 | |
| 2 |  HYBL Ssga Active TR | $54M | 9.0% | 1.9M | +38K (+2%) | 7 of 7 | |
| 3 |  SPY Spdr S&P 500 ETF TR | $48.4M | 8.1% | 65K | −6,586 (−9%) | 7 of 7 | |
| 4 |  NVDA Nvidia Corporation | $36M | 6.0% | 180K | +10K (+6%) | 7 of 7 | |
| 5 |  COST Costco Whsl Corp New | $24.7M | 4.1% | 26K | +3,500 (+15%) | 7 of 7 | |
| 6 |  ZHDG Tidal ETF TR | $23.6M | 3.9% | 1M | −34K (−3%) | 7 of 7 | |
| 7 |  AMZN Amazon Com Inc | $21.1M | 3.5% | 89K | +4,995 (+6%) | 7 of 7 | |
| 8 |  TSLA Tesla Inc | $15.8M | 2.6% | 37K | +4,096 (+12%) | 7 of 7 | |
| 9 |  MSFT Microsoft Corp | $14.2M | 2.4% | 38K | +3,936 (+12%) | 7 of 7 | |
| 10 |  MU Micron Technology Inc | $12.4M | 2.1% | 11K | +10K (+3109%) | 3 of 7 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 KMI Kinder Morgan Inc Del | $1.5M | 44K |
 SSO Proshares TR | $1.4M | 27K |
 RPAR Tidal Trust I | $896K | 40K |
 DARP Tidal Trust II | $674K | 14K |
 BAB Invesco Exch Traded FD TR II | $604K | 22K |
🔒 Free account: see all 14.
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
SPY Spdr S&P 500 ETF TR | Call | $104M | 140K | +900 |
SPY Spdr S&P 500 ETF TR | Put | $81M | 109K | −7,700 |
AAPL Apple Inc | Call | $33.1M | 114K | −12,200 |
NVDA Nvidia Corporation | Call | $20.4M | 102K | −17,400 |
COST Costco Whsl Corp New | Call | $20.1M | 22K | +2,600 |
🔒 Free account: see all 20.
Reported value
last 7 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Jul 31, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →ZEGA Investments 13F FAQ
What does ZEGA Investments own?
ZEGA Investments reported 215 stocks worth $600M in its 13F filing for Q2 2026, filed Jul 31, 2026. Its largest holdings are AAPL (15.7%), HYBL (9.0%) and SPY (8.1%). The table above lists every position in the filing (the top 10 without an account).
What did ZEGA Investments buy and sell in Q2 2026?
Compared with Q1 2026: 39 new positions, 82 added to, 73 trimmed and 14 sold out. New positions include ADP, VLO and WEC. It sold all of KMI, SSO and RPAR.
When will ZEGA Investments file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is ZEGA Investments's portfolio worth?
The Q2 2026 filing reports $600M in US stocks ($973M including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.