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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 2 of 15  ·  299 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 META META PLATFORMS INC Communication Services 14,013.0 $8.0M 0.90% +804.0 +6.1% $572.13 +11.0%
22 AFL AFLAC INC Financial Services 68,066.0 $7.5M 0.84% $109.71 +4.7%
23 LLY ELI LILLY & CO Healthcare 7,803.0 $7.2M 0.81% +147.0 +1.9% $919.78 +17.7%
24 AFL CALL AFLAC INC Financial Services 59,400.0 $6.5M 0.73% $109.71 +4.7%
25 ABBV ABBVIE INC Healthcare 26,819.0 $5.8M 0.66% $217.49 -1.0%
26 ABBV CALL ABBVIE INC Healthcare 25,000.0 $5.4M 0.61% $217.49 -1.0%
27 TSLA CALL TESLA INC Consumer Cyclical 14,300.0 $5.3M 0.60% NEW $371.75 +18.5%
28 GOOGL ALPHABET INC Communication Services 17,591.0 $5.1M 0.57% +803.0 +4.8% $287.56 +35.2%
29 JPM JPMORGAN CHASE & CO Financial Services 16,350.0 $4.8M 0.54% $294.16 +1.7%
30 NVDL GRANITESHARES ETF TR 63,467.0 $4.6M 0.52% $72.57 +43.4%
31 NVDL CALL GRANITESHARES ETF TR 62,700.0 $4.6M 0.51% $72.57 +43.4%
32 GOOG ALPHABET INC Communication Services 15,113.0 $4.3M 0.49% -573.0 -3.6% $286.87 +34.1%
33 QQQ CALL INVESCO QQQ TR Financial Services 7,100.0 $4.1M 0.46% +2K +54.4% $577.18 +26.4%
34 WMT WALMART INC Consumer Defensive 29,866.0 $3.7M 0.42% +8K +34.5% $124.28 -4.6%
35 META CALL META PLATFORMS INC Communication Services 6,400.0 $3.7M 0.41% NEW $572.13 +11.0%
36 MSFT CALL MICROSOFT CORP Technology 9,600.0 $3.6M 0.40% -5K -32.9% $370.17 +11.5%
37 V VISA INC Financial Services 10,820.0 $3.3M 0.37% $302.23 +8.4%
38 UNH UNITEDHEALTH GROUP INC Healthcare 11,202.0 $3.0M 0.34% -74.0 -0.7% $270.59 +41.9%
39 AVGO BROADCOM INC Technology 9,696.0 $3.0M 0.34% -178.0 -1.8% $309.51 +36.3%
40 WMT CALL WALMART INC Consumer Defensive 23,600.0 $2.9M 0.33% +8K +46.6% $124.28 -4.6%
Page 2 of 15  ·  299 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%