ZEGA Investments, LLC quarter change: USA ETF, Sold out
In exchange-traded fund shares (known by the fund name on the filing) (listed in the US), from the quarter ended 2026-03-31 to 2026-06-30, ZEGA Investments, LLC opened 48 positions, added to 26, reduced 21, sold out of 40 and left 2 unchanged. The largest increase in value was HYBL (+$54,037,900); the largest decrease was HYBL (-$52,756,278).
- HYBL: Country of operation —; Class STATE STREET BLA; Shares 2026-03-31 1,894,981; Shares 2026-06-30 0.
- ZHDG: Country of operation —; Class ZEGA BUY AND HED; Shares 2026-03-31 1,036,383; Shares 2026-06-30 0.
- SJNK: Country of operation —; Class STATE STREET SPD; Shares 2026-03-31 336,858; Shares 2026-06-30 0.
- SRLN: Country of operation —; Class STATE STREET BLA; Shares 2026-03-31 200,083; Shares 2026-06-30 0.
Two Form 13F-HR filings compared (SEC CIK 2045703): 2026-03-31 (filed 2026-05-11) and 2026-06-30 (filed 2026-07-31). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.
| Stock | Country of operation | Class | Shares 2026-03-31 | Shares 2026-06-30 | Share change | Value 2026-03-31 | Value 2026-06-30 | Value change |
|---|
HYBL
SSGA ACTIVE TR | | STATE STREET BLA | 1,894,981 | 0 | -1,894,981 | $52,756,278 | $0 | -$52,756,278 |
|---|
ZHDG
TIDAL TRUST I | | ZEGA BUY AND HED | 1,036,383 | 0 | -1,036,383 | $21,888,296 | $0 | -$21,888,296 |
|---|
SJNK
SPDR SERIES TRUST | | STATE STREET SPD | 336,858 | 0 | -336,858 | $8,414,715 | $0 | -$8,414,715 |
|---|
SRLN
SSGA ACTIVE ETF TR | | STATE STREET BLA | 200,083 | 0 | -200,083 | $8,031,340 | $0 | -$8,031,340 |
|---|
NVDL
GRANITESHARES ETF TR | | 2X LONG NVDA DAI | 63,467 | 0 | -63,467 | $4,605,800 | $0 | -$4,605,800 |
|---|
SPTI
SPDR SERIES TRUST | | STATE STREET SPD | 82,004 | 0 | -82,004 | $2,350,235 | $0 | -$2,350,235 |
|---|
SPYT
TIDAL TRUST II | | DEFIANCE S&P 500 | 116,537 | 0 | -116,537 | $1,899,556 | $0 | -$1,899,556 |
|---|
CGDV
CAPITAL GROUP DIVIDEND VALUE | | SHS CREATION UNI | 44,636 | 0 | -44,636 | $1,898,797 | $0 | -$1,898,797 |
|---|
BIL
SPDR SERIES TRUST | | STATE STREET SPD | 17,991 | 0 | -17,991 | $1,648,707 | $0 | -$1,648,707 |
|---|
SPYM
SPDR SERIES TRUST | United States | STATE STREET SPD | 19,718 | 0 | -19,718 | $1,509,189 | $0 | -$1,509,189 |
|---|
GRNJ
TIDAL TRUST III | | FUNDSTRAT GRANNY | 57,103 | 0 | -57,103 | $1,428,146 | $0 | -$1,428,146 |
|---|
SSO
PROSHARES TR | | PSHS ULT S&P 500 | 27,375 | 0 | -27,375 | $1,420,227 | $0 | -$1,420,227 |
|---|
XAR
SPDR SERIES TRUST | | STATE STREET SPD | 5,459 | 0 | -5,459 | $1,386,477 | $0 | -$1,386,477 |
|---|
MSTI
MADISON ETFS TRUST | | SHORT TERM STRAT | 62,990 | 0 | -62,990 | $1,283,012 | $0 | -$1,283,012 |
|---|
RPAR
TIDAL TRUST I | | RPAR RISK PARI | 40,233 | 0 | -40,233 | $895,587 | $0 | -$895,587 |
|---|
CCSB
TIDAL TRUST II | | CARBON COLLECTIV | 39,909 | 0 | -39,909 | $796,855 | $0 | -$796,855 |
|---|
DARP
TIDAL TRUST II | | GRIZZLE GROWTH E | 14,299 | 0 | -14,299 | $673,969 | $0 | -$673,969 |
|---|
GVLU
TIDAL TRUST I | | GOTHAM 1000 VALU | 24,806 | 0 | -24,806 | $628,026 | $0 | -$628,026 |
|---|
BTGD
TIDAL TRUST II | | STKD 100 BITCOIN | 22,683 | 0 | -22,683 | $620,834 | $0 | -$620,834 |
|---|
MFUT
TIDAL TRUST II | | CAMBRIA CHESAPEA | 34,915 | 0 | -34,915 | $613,973 | $0 | -$613,973 |
|---|
SDTY
TIDAL TRUST II | | YIELDMAX S&P 500 | 15,231 | 0 | -15,231 | $607,142 | $0 | -$607,142 |
|---|
BAB
INVESCO EXCH TRADED FD TR II | | TAXABLE MUN BD | 22,395 | 0 | -22,395 | $603,769 | $0 | -$603,769 |
|---|
WOMN
TIDAL TRUST III | | IMPACT SHARES WO | 15,130 | 0 | -15,130 | $598,812 | $0 | -$598,812 |
|---|
YMAX
TIDAL TRUST II | | YIELDMAX UNIVERS | 72,757 | 0 | -72,757 | $569,688 | $0 | -$569,688 |
|---|
HAUS
TIDAL TRUST I | | RESIDENTIAL REIT | 28,644 | 0 | -28,644 | $490,328 | $0 | -$490,328 |
|---|
GDXY
TIDAL TRUST II | | YIELDMAX GOLD MI | 33,536 | 0 | -33,536 | $468,829 | $0 | -$468,829 |
|---|
LVLN
SPDR SERIES TRUST | | STATE STREET SPD | 18,459 | 0 | -18,459 | $454,985 | $0 | -$454,985 |
|---|
MYLD
CAMBRIA ETF TR | | MICRO & SMALLCAP | 15,079 | 0 | -15,079 | $422,468 | $0 | -$422,468 |
|---|
SYLD
CAMBRIA ETF TR | | SHSHLD YIELD ETF | 5,131 | 0 | -5,131 | $386,905 | $0 | -$386,905 |
|---|
SPYV
SPDR SERIES TRUST | | STATE STREET SPD | 6,674 | 0 | -6,674 | $377,609 | $0 | -$377,609 |
|---|
JOJO
TIDAL TRUST I | | ATAC CREDIT ROT | 20,576 | 0 | -20,576 | $320,368 | $0 | -$320,368 |
|---|
BRTR
BLACKROCK ETF TRUST II | | ISHARES TOTAL RE | 6,194 | 0 | -6,194 | $310,877 | $0 | -$310,877 |
|---|
GOLI
TIDAL TRUST II | | DEFIANCE GOLD | 20,049 | 0 | -20,049 | $310,363 | $0 | -$310,363 |
|---|
SPYG
SPDR SERIES TRUST | | STATE STREET SPD | 2,946 | 0 | -2,946 | $288,410 | $0 | -$288,410 |
|---|
SHLD
GLOBAL X FDS | | DEFENSE TECH ETF | 4,056 | 0 | -4,056 | $287,327 | $0 | -$287,327 |
|---|
AMZY
TIDAL TRUST II | | YIELDMAX AMZN OP | 23,602 | 0 | -23,602 | $260,099 | $0 | -$260,099 |
|---|
XOMO
TIDAL TRUST II | | YIELDMAX XOM OPT | 17,856 | 0 | -17,856 | $245,522 | $0 | -$245,522 |
|---|
PLTY
TIDAL TRUST II | | YIELDMAX PLTR OP | 6,307 | 0 | -6,307 | $243,456 | $0 | -$243,456 |
|---|
IWMY
TIDAL TRUST II | | DEFIANCE R2000 W | 13,177 | 0 | -13,177 | $238,373 | $0 | -$238,373 |
|---|
MSFO
TIDAL TRUST II | | YIELDMAX MSFT OP | 15,318 | 0 | -15,318 | $176,920 | $0 | -$176,920 |
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