ZEGA Investments, LLC

Q3 2025 13F-HR Holdings

Location
Palm Beach Gardens, FL
Holdings as of
9/30/2025
Date filed
10/27/2025
Form type
13F-HR
Num holdings
157
Total value ($000)
$747,208
Net value change ($000)
+14,657 (2.0%)
New positions
40
Sold out positions
26
Turnover %
15.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/6/2025 Next filing: 1/27/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AAPL 14,179 26.2%
NVDA 9,396 61.3%
COST 6,357 119.7%
ZHDG 3,902 28.3%
ABBV 3,244 121.7%
HYBL 2,718 8.0%
NSC 2,684 NEW
JPM 2,512 112.6%
MSFT 2,245 14.6%
TSLA 1,980 23.4%
Top Reduces (Value $000, Stocks/ETFs)
KNG -3,819 -100.0%
JPST -3,419 -90.0%
GSY -3,392 -100.0%
FTSM -2,990 -100.0%
SCHV -2,981 -100.0%
PULS -2,936 -100.0%
JEPI -2,771 -51.1%
GOOGL -2,620 -41.1%
IBIT -2,616 -90.3%
JEPQ -2,413 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 311,232 (41.7% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type