ZEGA Investments, LLC

Name: ZEGA Investments, LLC 13F holdings, Q4 2025
Creator: ZEGA Investments, LLC
Published: 2026-01-27

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), ZEGA Investments, LLC reported 153 stock positions worth $515.5 million. Its top holding was Apple (AAPL) at 18.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 9.6%) and SS Blackstone High Inc. ETF (HYBL, 9.3%). Compared with Q3 2025, it opened 31 new positions, sold out of 16, added to 73 and reduced 42. The biggest buy was Apple (AAPL, shares +29%) and the biggest sale SS SPDR BB St Hi Yield ETF (SJNK, shares −28%).

Most Recent 13F: Q2 2026
Location: PALM BEACH GARDENS, FL
CIK: 0002045703
Portfolio Value: $515.5M (Q4 2025)
SEC Filing: 0001172661-26-000317 ↗ filed Jan 27, 2026

Holdings Value

Holdings 153 stocks · $515.5M


AAPL Apple Inc.	18.30%	347,055	$94.4M	Add +29.2%
SPY SS SPDR S&P 500 ETF Trust-US	9.61%	72,663	$49.6M	Add +21.0%
HYBL SS Blackstone High Inc. ETF	9.30%	1,685,210	$47.9M	Add +31.7%
NVDA Nvidia Corp.	5.05%	139,669	$26.0M	Add +5.5%
ZHDG Zega Buy and Hedge ETF	4.13%	941,836	$21.3M	Add +20.9%
AMZN Amazon.com Inc.	3.86%	86,138	$19.9M	Add +10.2%
MSFT Microsoft Corp.	3.49%	37,179	$18.0M	Add +9.1%
TSLA Tesla Inc.	2.78%	31,895	$14.3M	Add +35.9%
COST Costco Wholesale Corp.	2.70%	16,150	$13.9M	Add +28.1%
SJNK SS SPDR BB St Hi Yield ETF	2.11%	429,398	$10.9M	Reduce -28.5%
SRLN SS Blackstone Sr Loan ETF	2.06%	257,316	$10.6M	Reduce -28.0%
XOM Exxon Mobil Corp.	1.72%	73,862	$8.9M	Add +0.3%
META Meta Platforms Inc. Class A	1.69%	13,209	$8.7M	Add +199.9%
LLY Eli Lilly & Co.	1.60%	7,656	$8.2M	Add +15.9%
AFL Aflac Inc.	1.45%	67,975	$7.5M	Add +0.2%
ABBV Abbvie Inc.	1.19%	26,775	$6.1M	Add +4.9%
NVDL Granitesh 2X LNG Nvda ETF	1.08%	63,467	$5.6M	Add +813.3%
GOOGL Alphabet Inc. Class A	1.02%	16,788	$5.3M	Add +39.5%
JPM JPMorgan Chase & Co.	1.02%	16,305	$5.3M	Add +8.4%
GOOG Alphabet Inc. Class C	0.95%	15,686	$4.9M	Add +1.9%
V Visa Inc. Class A	0.74%	10,817	$3.8M	Add +3.9%
UNH Unitedhealth Group Inc.	0.72%	11,276	$3.7M	Add +5.9%
AVGO Broadcom Inc.	0.66%	9,874	$3.4M	Add +82.0%
PLTR Palantir Technologies Inc. Class A	0.54%	15,610	$2.8M	Add +0.6%
NSC Norfolk Southern Corp.	0.50%	8,934	$2.6M	No change
WMT Walmart Inc.	0.48%	22,204	$2.5M	Reduce -0.1%
HD Home Depot Inc.	0.48%	7,118	$2.4M	Add +0.7%
MCK McKesson Corp.	0.47%	2,972	$2.4M	Reduce -0.1%
BIL SS SPDR BB 1-3M T-Bill ETF	0.43%	24,021	$2.2M	Reduce -47.5%
SPYT Defiance S&P 500 Tar Inc. ETF	0.42%	125,137	$2.2M	Reduce -24.6%
BIGY YLDM Tar 12 Big 50 Opt I ETF	0.42%	41,477	$2.2M	Add +609.9%
CAT Caterpillar Inc.	0.41%	3,659	$2.1M	Reduce -12.6%
IVV iShares Core S&P 500 ETF	0.39%	2,956	$2.0M	Reduce -0.2%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE	0.39%	45,950	$2.0M	New
COWG Pacer US LRG Cap Cows GR LD	0.38%	55,621	$2.0M	Add +7.4%
SPTI SS SPDR P Int Term TSY ETF	0.38%	67,823	$2.0M	Add +26.9%
BRK.B Berkshire Hathaway Inc. Class B	0.38%	3,873	$1.9M	Add +5.8%
MAR Marriott International Class A	0.34%	5,696	$1.8M	Add +0.1%
YMAX Yieldmax Universe Fo in Etfs	0.33%	171,644	$1.7M	Reduce -16.3%
GLDM SPDR Gold Minishares Trust	0.33%	19,931	$1.7M	Reduce -7.8%
USB US Bancorp	0.33%	31,467	$1.7M	Reduce -3.5%
PH Parker Hannifin Corp.	0.31%	1,841	$1.6M	Reduce -3.1%
SPYM Ste STR SPDR PT S&P 500 ETF	0.31%	19,614	$1.6M	Add +31.0%
EMR Emerson Electric Co.	0.30%	11,729	$1.6M	Reduce -2.7%
CRWD CrowdStrike Holdings Inc. Class A	0.28%	3,129	$1.5M	Add +13.1%
AMD Advanced Micro Devices	0.27%	6,569	$1.4M	Reduce -12.2%
QQQM Invesco Nasdaq 100 ETF	0.25%	5,190	$1.3M	Add +18.7%
JNJ Johnson & Johnson	0.25%	6,334	$1.3M	Add +0.2%
EXPE Expedia Group Inc.	0.25%	4,605	$1.3M	Add +1.6%
SOXY Yieldmax Target 12 SC Oi ETF	0.25%	21,894	$1.3M	Add +50.3%
HOOD Robinhood Markets Inc. Class A	0.25%	11,417	$1.3M	Reduce -1.2%
LRCX Lam Research Corp.	0.25%	7,509	$1.3M	Reduce -14.3%
KMI Kinder Morgan Inc.	0.24%	44,467	$1.2M	No change
GS Goldman Sachs Group Inc.	0.24%	1,386	$1.2M	Add +5.1%
KO The Coca-Cola Co.	0.24%	17,415	$1.2M	Add +0.6%
AXP American Express Co.	0.24%	3,290	$1.2M	Add +1.2%
MNST Monster Beverage Corp.	0.23%	15,599	$1.2M	Add +5.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.23%	10,129	$1.2M	Add +5.1%
PEP Pepsico Inc.	0.23%	8,162	$1.2M	Reduce -0.3%
MMM 3M Co.	0.23%	7,291	$1.2M	New
GEV GE Vernova Inc.	0.23%	1,778	$1.2M	Add +3.3%
KLAC KLA Corp.	0.22%	950	$1.2M	Reduce -9.5%
PANW Palo Alto Networks Inc.	0.22%	6,261	$1.2M	Add +7.1%
PCAR Paccar Inc.	0.22%	10,500	$1.1M	No change
GE General Electric filed as GE AEROSPACE	0.22%	3,686	$1.1M	Add +1.8%
SYK Stryker Corp.	0.22%	3,215	$1.1M	Add +0.1%
ANET Arista Networks Inc.	0.22%	8,608	$1.1M	Reduce -5.2%
VUG Vanguard Mrngstar GR ETF-Sui	0.21%	2,179	$1.1M	Add +11.1%
CDNS Cadence Design SYS Inc.	0.20%	3,356	$1.0M	Add +9.1%
PWR Quanta Services Inc.	0.20%	2,485	$1.0M	Reduce -11.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.20%	6,764	$1.0M	New
GLD SPDR Gold Shares	0.20%	2,611	$1.0M	New
SPGI S&P Global Inc.	0.20%	1,957	$1.0M	Add +14.1%
ITOT iShares Core S&P Total U.S.	0.20%	6,819	$1.0M	Add +19.8%
ABT Abbott Laboratories	0.19%	8,012	$1.0M	Add +98.5%
INTU Intuit Inc.	0.19%	1,505	$997K	No change
ORCL Oracle Corp.	0.19%	5,067	$988K	Add +13.3%
ET Energy Transfer LP	0.18%	56,165	$926K	New
MCD McDonald's Corp.	0.18%	2,995	$915K	Add +1.5%
SBUX Starbucks Corp.	0.18%	10,844	$913K	Add +0.0%
PNC PNC Financial Services Group	0.18%	4,364	$911K	New
NFLX Netflix Inc.	0.17%	9,480	$889K	Reduce -13.3%
VTI VG Morningstar TS MKT ETF-US	0.17%	2,639	$885K	Reduce -6.3%
ETN Eaton Corp. PLC	0.17%	2,670	$850K	Reduce -1.9%
SOFI Sofi Technologies Inc.	0.16%	32,226	$844K	New
QQQ Invesco QQQ Trust Series 1	0.16%	1,369	$841K	Add +14.8%
BA The Boeing Co.	0.16%	3,847	$835K	New
XONE Bondbloxx BBG 1 Dur US Treas	0.16%	16,751	$830K	New
XHLF Bondbloxx BBG 6 MTH US Treas	0.16%	16,497	$829K	New
CVX Chevron Corp.	0.16%	5,417	$826K	Add +114.7%
EPD Enterprise Products Partners	0.16%	25,492	$817K	Add +2.7%
AXON Axon Enterprise Inc.	0.16%	1,433	$814K	Add +3.0%
QQQT Defiance Nasdaq 100 in T ETF	0.15%	45,570	$794K	Reduce -13.9%
PG The Procter & Gamble Co.	0.15%	5,368	$769K	Reduce -0.6%
DE Deere & Co.	0.15%	1,611	$750K	New
ADBE Adobe Inc.	0.14%	2,130	$745K	Add +0.8%
WFC Wells Fargo & Co.	0.14%	7,769	$724K	Add +1.8%
MSTR Strategy Inc.	0.14%	4,676	$711K	Reduce -46.7%
SDTY Yldmx S&P 500 0DTE C C S ETF	0.14%	15,784	$701K	Add +67.6%
COIN Coinbase Global Inc. Class A	0.13%	2,865	$648K	New
CRM Salesforce Inc.	0.12%	2,423	$642K	Add +4.1%
VST Vistra Corp.	0.12%	3,974	$641K	Reduce -10.6%
FANG Diamondback Energy Inc.	0.12%	4,028	$606K	Reduce -2.0%
XTWO Bondbloxx BBG 2Y US TSY ETF	0.11%	11,428	$565K	New
KR Kroger Co.	0.11%	8,942	$559K	Add +0.5%
EFX Equifax Inc.	0.11%	2,500	$542K	New
CERY SS SPDR BBG En RY CM St N-Ui	0.10%	18,652	$533K	Reduce -9.6%
GOLI Defiance Gold Enhnced Oi ETF	0.10%	31,052	$510K	New
BOXX Alpha Architect 1-3 MNTH Box	0.08%	3,567	$411K	Reduce -9.9%
VYM Vanguard High DVD Yield ETF	0.08%	2,755	$395K	Reduce -57.9%
MGC Vngrd Mrngstr MG Cap ETF-Usd	0.08%	1,573	$395K	Add +22.5%
JPO Yieldmax JP Option Income St	0.08%	24,488	$392K	Add +60.0%
NVDY Yieldmax Nvda Option Inc. ETF	0.07%	24,837	$363K	Add +60.2%
USFR Wisdomtree Floating Rate Tre	0.07%	7,089	$357K	Reduce -1.1%
NET Cloudflare Inc. Class A	0.07%	1,794	$354K	New
UPS United Parcel Service Class B	0.07%	3,542	$351K	New
NOW ServiceNow Inc.	0.07%	2,251	$345K	Reduce -27.4%
GBTC Grayscale Bitcoin Trust ETF	0.07%	5,000	$342K	No change
JPST JPMorgan Ultra-Short Income	0.07%	6,753	$342K	Reduce -10.0%
HON Honeywell International Inc.	0.06%	1,682	$328K	Reduce -1.3%
BRNY Burney US Factor Rotation	0.06%	6,467	$326K	Add +4.0%
INTC Intel Corp.	0.06%	8,727	$322K	New
GOOY Yieldmax Googl Option Income	0.06%	21,768	$318K	Add +68.9%
UBER Uber Technologies Inc.	0.06%	3,804	$311K	Add +0.4%
GIAX Nicholas GLBL Eq Inc. ETF	0.06%	18,747	$308K	Reduce -27.8%
ITRI Itron Inc.	0.06%	3,226	$300K	Reduce -0.6%
IWM iShares Russell 2000 ETF	0.06%	1,202	$296K	Reduce -2.1%
SPYG SS SPDR P S&P 500 Growth ETF	0.06%	2,739	$292K	Add +4.3%
JEPI JPMorgan Equity Premium Inco	0.05%	4,896	$280K	Reduce -89.5%
IBIT iShares Bitcoin Trust ETF	0.05%	5,620	$279K	Add +30.7%
MA Mastercard Inc. Class A	0.05%	448	$256K	Add +0.5%
ITW Illinois Tool Works	0.05%	1,032	$254K	Add +0.3%
FDVV Fidelity High Dividend ETF	0.05%	4,407	$250K	No change
APLY Yieldmax Aapl Option Income	0.05%	18,740	$250K	Add +53.5%
LVLN SS SPDR S&P Leveraged Loan	0.05%	9,896	$250K	New
YQQQ Yieldmax N100 Short Opt Inc.	0.05%	19,984	$243K	Add +12.3%
DGRW Wisdomtree U.S. Quality Divi	0.05%	2,670	$239K	New
AMZY Yieldmax Amazn Option Income	0.05%	17,513	$233K	Add +65.6%
SHEL Shell PLC-ADR	0.04%	3,139	$231K	Reduce -1.8%
TSLY Yieldmax Tsla Option Inc. ETF	0.04%	6,044	$227K	Reduce -51.6%
KGC Kinross Gold Corp.	0.04%	8,000	$225K	New
VOO Vanguard S&P 500 ETF	0.04%	357	$224K	Reduce -0.6%
SPYV SS SPDR P S&P 500 Value ETF	0.04%	3,871	$220K	New
PAVE Global X US Infrastructure	0.04%	4,432	$212K	New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.04%	708	$210K	New
WNTR Yieldmax MSTR Short Ois ETF	0.04%	5,284	$210K	New
QGRW Wisdomtree US Quality Growth	0.04%	3,519	$206K	New
PLTY Yieldmax PLTR Option Inc. ETF	0.04%	3,914	$202K	New
OEF iShares S&P 100 ETF	0.04%	586	$201K	New
MSFO Yieldmax MSFT Option Is ETF	0.04%	12,972	$200K	New
FBY Yieldmax Meta Option Yield	0.04%	14,952	$189K	New
TIDAL TRUST II	0.04%	15,002	$182K	New
CDE Coeur Mining Inc.	0.03%	10,100	$180K	No change

Options reported separately and not counted above: SPY calls ($100.0M), SPY puts ($82.3M), AAPL calls ($45.4M), NVDA calls ($16.3M), AMZN calls ($14.4M), QQQ puts ($10.6M), COST calls ($9.4M), AAPL puts ($8.2M), XOM calls ($7.4M), MSFT calls ($6.9M), AFL calls ($6.6M), ABBV calls ($5.7M), and 8 more.

Portfolio Sells Q3 2025 → Q4 2025


SJNK SS SPDR BB St Hi Yield ETF	Reduce -28.5%	2.11%	−1.42
SRLN SS Blackstone Sr Loan ETF	Reduce -28.0%	2.06%	−1.35
JEPI JPMorgan Equity Premium Inco	Reduce -89.5%	0.05%	−0.55
BIL SS SPDR BB 1-3M T-Bill ETF	Reduce -47.5%	0.43%	−0.54
MSTR Strategy Inc.	Reduce -46.7%	0.14%	−0.51
SPYT Defiance S&P 500 Tar Inc. ETF	Reduce -24.6%	0.42%	−0.28
YMAX Yieldmax Universe Fo in Etfs	Reduce -16.3%	0.33%	−0.27
GRMN Garmin Ltd.	Sold out	0.00%	−0.26
WTW Willis Towers Watson PLC	Sold out	0.00%	−0.23
LYV Live Nation Entertainment Inc.	Sold out	0.00%	−0.20
GILD Gilead Sciences Inc.	Sold out	0.00%	−0.16
VYM Vanguard High DVD Yield ETF	Reduce -57.9%	0.08%	−0.13
HOOD Robinhood Markets Inc. Class A	Reduce -1.2%	0.25%	−0.13
NFLX Netflix Inc.	Reduce -13.3%	0.17%	−0.13
SYLD Cambria Shareholder Yield Et	Sold out	0.00%	−0.11
BMNR Bitmine Immersion Technologi	Sold out	0.00%	−0.09
ANET Arista Networks Inc.	Reduce -5.2%	0.22%	−0.08
VST Vistra Corp.	Reduce -10.6%	0.12%	−0.08
QQQT Defiance Nasdaq 100 in T ETF	Reduce -13.9%	0.15%	−0.07
ETN Eaton Corp. PLC	Reduce -1.9%	0.17%	−0.07
TIDAL TRUST II	Sold out	0.00%	−0.07
GDXY Yldmax Gold Min Op in St ETF	Sold out	0.00%	−0.07
UITB Victoryshares Core Intermedi	Sold out	0.00%	−0.07
JCPB JPMorgan Core Plus Bond ETF	Sold out	0.00%	−0.06
NOW ServiceNow Inc.	Reduce -27.4%	0.07%	−0.06
PWR Quanta Services Inc.	Reduce -11.2%	0.20%	−0.06
IVV iShares Core S&P 500 ETF	Reduce -0.2%	0.39%	−0.06
EMR Emerson Electric Co.	Reduce -2.7%	0.30%	−0.06
MCK McKesson Corp.	Reduce -0.1%	0.47%	−0.05
CAT Caterpillar Inc.	Reduce -12.6%	0.41%	−0.05
VNQ Vanguard Real Estate ETF	Sold out	0.00%	−0.05
GPTY Yldmx AI & T PRT Optn in ETF	Sold out	0.00%	−0.05
ARM Arm Holdings PLC-ADR	Sold out	0.00%	−0.05
GLDM SPDR Gold Minishares Trust	Reduce -7.8%	0.33%	−0.05
WMT Walmart Inc.	Reduce -0.1%	0.48%	−0.05
GIAX Nicholas GLBL Eq Inc. ETF	Reduce -27.8%	0.06%	−0.04
PG The Procter & Gamble Co.	Reduce -0.6%	0.15%	−0.04
VTI VG Morningstar TS MKT ETF-US	Reduce -6.3%	0.17%	−0.04
PEP Pepsico Inc.	Reduce -0.3%	0.23%	−0.04
KLAC KLA Corp.	Reduce -9.5%	0.22%	−0.04
USB US Bancorp	Reduce -3.5%	0.33%	−0.04
ITRI Itron Inc.	Reduce -0.6%	0.06%	−0.03
CERY SS SPDR BBG En RY CM St N-Ui	Reduce -9.6%	0.10%	−0.03
TIDAL TRUST II	Sold out	0.00%	−0.03
BOXX Alpha Architect 1-3 MNTH Box	Reduce -9.9%	0.08%	−0.02
TIDAL TRUST II	Sold out	0.00%	−0.02
TIDAL TRUST II	Sold out	0.00%	−0.02
TSLY Yieldmax Tsla Option Inc. ETF	Reduce -51.6%	0.04%	−0.02
JPST JPMorgan Ultra-Short Income	Reduce -10.0%	0.07%	−0.02
LRCX Lam Research Corp.	Reduce -14.3%	0.25%	−0.02

Portfolio Buys Q3 2025 → Q4 2025


AAPL Apple Inc.	Add +29.2%	18.30%	+2.61
META Meta Platforms Inc. Class A	Add +199.9%	1.69%	+0.95
NVDL Granitesh 2X LNG Nvda ETF	Add +813.3%	1.08%	+0.93
HYBL SS Blackstone High Inc. ETF	Add +31.7%	9.30%	+0.89
LLY Eli Lilly & Co.	Add +15.9%	1.60%	+0.44
SPY SS SPDR S&P 500 ETF Trust-US	Add +21.0%	9.61%	+0.43
CGDV Cap Group Dividend Value	New	0.39%	+0.39
TSLA Tesla Inc.	Add +35.9%	2.78%	+0.39
BIGY YLDM Tar 12 Big 50 Opt I ETF	Add +609.9%	0.42%	+0.35
GOOGL Alphabet Inc. Class A	Add +39.5%	1.02%	+0.35
AVGO Broadcom Inc.	Add +82.0%	0.66%	+0.25
MMM 3M Co.	New	0.23%	+0.23
TJX TJX Companies Inc.	New	0.20%	+0.20
GLD SPDR Gold Shares	New	0.20%	+0.20
ET Energy Transfer LP	New	0.18%	+0.18
PNC PNC Financial Services Group	New	0.18%	+0.18
SOFI Sofi Technologies Inc.	New	0.16%	+0.16
BA The Boeing Co.	New	0.16%	+0.16
XONE Bondbloxx BBG 1 Dur US Treas	New	0.16%	+0.16
XHLF Bondbloxx BBG 6 MTH US Treas	New	0.16%	+0.16
DE Deere & Co.	New	0.15%	+0.15
COIN Coinbase Global Inc. Class A	New	0.13%	+0.13
XTWO Bondbloxx BBG 2Y US TSY ETF	New	0.11%	+0.11
EFX Equifax Inc.	New	0.11%	+0.11
GOLI Defiance Gold Enhnced Oi ETF	New	0.10%	+0.10
GOOG Alphabet Inc. Class C	Add +1.9%	0.95%	+0.09
ZHDG Zega Buy and Hedge ETF	Add +20.9%	4.13%	+0.07
ABT Abbott Laboratories	Add +98.5%	0.19%	+0.07
CVX Chevron Corp.	Add +114.7%	0.16%	+0.07
NET Cloudflare Inc. Class A	New	0.07%	+0.07
UPS United Parcel Service Class B	New	0.07%	+0.07
SOXY Yieldmax Target 12 SC Oi ETF	Add +50.3%	0.25%	+0.06
INTC Intel Corp.	New	0.06%	+0.06
LVLN SS SPDR S&P Leveraged Loan	New	0.05%	+0.05
DGRW Wisdomtree U.S. Quality Divi	New	0.05%	+0.05
KGC Kinross Gold Corp.	New	0.04%	+0.04
SPYV SS SPDR P S&P 500 Value ETF	New	0.04%	+0.04
PAVE Global X US Infrastructure	New	0.04%	+0.04
IBM Intl Business Machines Corp.	New	0.04%	+0.04
WNTR Yieldmax MSTR Short Ois ETF	New	0.04%	+0.04
QGRW Wisdomtree US Quality Growth	New	0.04%	+0.04
PLTY Yieldmax PLTR Option Inc. ETF	New	0.04%	+0.04
OEF iShares S&P 100 ETF	New	0.04%	+0.04
MSFO Yieldmax MSFT Option Is ETF	New	0.04%	+0.04
SDTY Yldmx S&P 500 0DTE C C S ETF	Add +67.6%	0.14%	+0.04
FBY Yieldmax Meta Option Yield	New	0.04%	+0.04
SPYM Ste STR SPDR PT S&P 500 ETF	Add +31.0%	0.31%	+0.04
TIDAL TRUST II	New	0.04%	+0.04
EXPE Expedia Group Inc.	Add +1.6%	0.25%	+0.03
COST Costco Wholesale Corp.	Add +28.1%	2.70%	+0.03

Options Activity Q3 2025 → Q4 2025


SPY SS SPDR S&P 500 ETF Trust-US	call	Reduce -8.9%	146,600	$100.0M
SPY SS SPDR S&P 500 ETF Trust-US	put	Reduce -7.6%	120,700	$82.3M
AAPL Apple Inc.	call	Add +17.3%	167,000	$45.4M
NVDA Nvidia Corp.	call	Add +102.8%	87,400	$16.3M
AMZN Amazon.com Inc.	call	Reduce -8.9%	62,300	$14.4M
QQQ Invesco QQQ Trust Series 1	put	Add +27.4%	17,200	$10.6M
COST Costco Wholesale Corp.	call	New	10,900	$9.4M
AAPL Apple Inc.	put	Reduce -22.4%	30,100	$8.2M
XOM Exxon Mobil Corp.	call	Reduce -2.5%	61,300	$7.4M
MSFT Microsoft Corp.	call	Add +30.0%	14,300	$6.9M
ABBV Abbvie Inc.	call	Add +30.9%	25,000	$5.7M
NVDL Granitesh 2X LNG Nvda ETF	call	New	62,700	$5.5M
JPM JPMorgan Chase & Co.	call	Reduce -3.0%	12,800	$4.1M
QQQ Invesco QQQ Trust Series 1	call	Reduce -30.3%	4,600	$2.8M
PLTR Palantir Technologies Inc. Class A	call	Reduce -2.9%	13,600	$2.4M
USB US Bancorp	call	Reduce -5.6%	30,100	$1.6M
HOOD Robinhood Markets Inc. Class A	call	Sold out	10,600	$1.5Mbefore exit
YMAX Yieldmax Universe Fo in Etfs	put	New	99,400	$992K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	215	$599.9M	AAPL, HYBL, SPY, NVDA, COST
Q1 2026	190	$528.2M	AAPL, HYBL, SPY, NVDA, COST
Q4 2025	153	$515.5M	AAPL, SPY, HYBL, NVDA, ZHDG
Q3 2025	139	$436.0M	AAPL, SPY, HYBL, NVDA, ZHDG
Q2 2025	126	$398.6M	AAPL, SPY, HYBL, AMZN, MSFT
Q1 2025	119	$340.3M	AAPL, SPY, SRLN, SJNK, AMZN
Q4 2024	128	$337.8M	AAPL, SPY, SRLN, SJNK, AMZN