Zega 13F annual report

Zega is an investment fund managing more than $275 billion ran by Jim Granger. There are currently 84 companies in Mr. Granger’s portfolio. The largest investments include Apple Inc and Spdr S&p 500 Etf Tr, together worth $71.7 billion.

Limited to 30 biggest holdings

$275 billion Assets Under Management (AUM)

As of 5th August 2024, Zega’s top holding is 222,122 shares of Apple Inc currently worth over $46.8 billion and making up 17.0% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Zega owns more than approximately 0.1% of the company. In addition, the fund holds 45,752 shares of Spdr S&p 500 Etf Tr worth $24.9 billion. The third-largest holding is Ssga Active Etf Tr worth $22.5 billion and the next is Spdr Ser Tr worth $19.9 billion, with 744,471 shares owned.

Currently, Zega's portfolio is worth at least $275 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Zega

The Zega office and employees reside in Palm Beach Gardens, Florida. According to the last 13-F report filed with the SEC, Jim Granger serves as the Chief Compliance Officer at Zega.

Recent trades

In the most recent 13F filing, Zega revealed that it had opened a new position in Eli Lilly & Co and bought 2,321 shares worth $2.1 billion.

The investment fund also strengthened its position in Apple Inc by buying 14,154 additional shares. This makes their stake in Apple Inc total 222,122 shares worth $46.8 billion. Apple Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Zega is getting rid of from its portfolio. Zega closed its position in Cadence Design System Inc on 12th August 2024. It sold the previously owned 3,411 shares for $1.06 billion. Jim Granger also disclosed a decreased stake in Spdr Ser Tr by approximately 0.1%. This leaves the value of the investment at $19.9 billion and 744,471 shares.

One of the smaller hedge funds

The two most similar investment funds to Zega are Wealth Effects and Family Legacy. They manage $275 billion and $275 billion respectively.


Jim Granger investment strategy

Zega’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 21.8% of the total portfolio value. The fund focuses on investments in the United States as 58.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 56% of the total holdings value. On the other hand, small-cap stocks make up only 2.4% of the portfolio. The average market cap of the portfolio companies is close to $282 billion.

The complete list of Zega trades based on 13F SEC filings

These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Apple Inc
6.81%
222,122
$46,783,258,000 17.03%
Spdr S&p 500 Etf Tr
7.92%
45,752
$24,899,153,000 9.06%
Ssga Active Etf Tr
0.98%
537,269
$22,457,830,000 8.18%
Spdr Ser Tr
1.79%
744,471
$19,896,070,000 7.24%
Tidal Etf Tr
14.57%
934,251
$18,334,443,000 6.67%
Microsoft Corporation
40.67%
32,301
$14,437,127,000 5.26%
Amazon.com Inc.
21.52%
51,758
$10,002,234,000 3.64%
Diamondback Energy Inc
14.14%
46,438
$9,296,486,000 3.38%
Exxon Mobil Corp.
725.99%
75,355
$8,674,818,000 3.16%
Ssga Active Tr
1.96%
262,931
$7,430,420,000 2.71%
NVIDIA Corp
1,193.69%
54,154
$6,690,209,000 2.44%
Aflac Inc.
0.06%
68,078
$6,080,046,000 2.21%
Ishares Tr
14.34%
17,426
$5,316,101,000 1.94%
Tidal Tr Ii
16.40%
448,209
$8,180,029,000 2.98%
Unitedhealth Group Inc
0.29%
7,868
$4,006,858,000 1.46%
Alphabet Inc
9.63%
20,592
$3,750,793,000 1.37%
Costco Whsl Corp New
540.81%
3,627
$3,082,914,000 1.12%
Eli Lilly & Co
Opened
2,321
$2,101,387,000 0.77%
Palo Alto Networks Inc
17.81%
5,949
$2,016,770,000 0.73%
J P Morgan Exchange Traded F
104.50%
34,968
$1,981,961,000 0.72%
Mckesson Corporation
Opened
3,131
$1,828,629,000 0.67%
Arista Networks Inc
12.75%
4,430
$1,552,626,000 0.57%
Meta Platforms Inc
0.46%
3,060
$1,543,063,000 0.56%
Adobe Inc
Opened
2,493
$1,384,961,000 0.50%
Tesla Inc
12.89%
6,873
$1,360,029,000 0.50%
Pacer Fds Tr
12.47%
52,162
$2,518,907,000 0.92%
Advanced Micro Devices Inc.
4.66%
7,776
$1,261,345,000 0.46%
Crowdstrike Holdings Inc
24.38%
3,184
$1,220,077,000 0.44%
Tidal Tr Ii
Opened
112,768
$2,197,037,000 0.80%
J P Morgan Exchange Traded F
Opened
40,340
$1,917,919,000 0.70%
Caterpillar Inc.
51.23%
3,504
$1,167,182,000 0.42%
Coca-Cola Co
Opened
17,158
$1,092,096,000 0.40%
Paccar Inc.
Opened
10,536
$1,084,576,000 0.39%
Powershares Actively Managed
Opened
21,530
$1,074,345,000 0.39%
Cadence Design System Inc
Closed
3,411
$1,061,776,000
Netflix Inc.
7.38%
1,556
$1,050,113,000 0.38%
First Tr Exchange-traded Fd
Opened
17,505
$1,043,298,000 0.38%
Oracle Corp.
20.47%
7,220
$1,019,464,000 0.37%
Ishares Tr
Closed
49,299
$2,325,444,000
Intuit Inc
38.69%
1,520
$998,959,000 0.36%
JPMorgan Chase & Co.
22.72%
4,904
$991,883,000 0.36%
Pgim Etf Tr
Opened
19,788
$983,464,000 0.36%
Select Sector Spdr Tr
20.33%
10,140
$1,287,339,000 0.47%
Intuitive Surgical Inc
18.89%
2,184
$971,552,000 0.35%
Chipotle Mexican Grill
5,164.08%
14,950
$936,618,000 0.34%
Proshares Tr
Opened
11,213
$926,194,000 0.34%
ServiceNow Inc
39.69%
1,172
$921,977,000 0.34%
Johnson & Johnson
0.62%
6,204
$906,740,000 0.33%
Home Depot, Inc.
227.69%
2,556
$879,877,000 0.32%
J P Morgan Exchange Traded F
Closed
15,865
$860,535,000
Transdigm Group Incorporated
8.07%
656
$838,112,000 0.31%
Procter And Gamble Co
2.59%
4,883
$805,304,000 0.29%
Ishares Tr
Opened
13,645
$798,526,000 0.29%
Spdr Ser Tr
Closed
15,653
$787,033,000
Grainger W W Inc
13.78%
867
$782,086,000 0.28%
Abbvie Inc
Opened
4,374
$750,215,000 0.27%
Select Sector Spdr Tr
Opened
18,188
$747,709,000 0.27%
Vanguard Index Fds
Opened
1,950
$729,320,000 0.27%
Eog Res Inc
Opened
5,336
$671,642,000 0.24%
Vertex Pharmaceuticals, Inc.
Closed
1,503
$628,269,000
Novo-nordisk A S
Opened
4,399
$627,913,000 0.23%
Visa Inc
56.71%
2,282
$598,893,000 0.22%
Enterprise Prods Partners L
9.98%
20,526
$594,849,000 0.22%
Uber Technologies Inc
39.49%
7,825
$568,721,000 0.21%
Fedex Corp
6.35%
1,708
$512,087,000 0.19%
Phillips 66
Closed
2,906
$474,634,000
Tidal Tr Ii
Closed
41,662
$1,160,085,000
Walmart Inc
0.44%
6,123
$414,588,000 0.15%
Chevron Corp.
Opened
2,532
$396,044,000 0.14%
Berkshire Hathaway Inc.
1.11%
888
$361,238,000 0.13%
Lowes Cos Inc
Closed
1,400
$356,622,000
Abbott Labs
Opened
3,398
$353,086,000 0.13%
Merck & Co Inc
Closed
2,600
$343,070,000
Seagate Technology Hldngs Pl
3.37%
3,070
$317,039,000 0.12%
EBay Inc.
Opened
5,627
$302,282,000 0.11%
Packaging Corp Amer
6.67%
1,600
$292,096,000 0.11%
NRG Energy Inc.
Closed
4,100
$277,529,000
Micron Technology Inc.
Opened
2,100
$276,213,000 0.10%
Salesforce Inc
Opened
1,050
$269,996,000 0.10%
Alphabet Inc
Opened
1,472
$269,994,000 0.10%
Garmin Ltd
Closed
1,800
$267,966,000
Devon Energy Corp.
Opened
5,630
$266,851,000 0.10%
United Parcel Service, Inc.
Opened
1,922
$263,026,000 0.10%
Prudential Finl Inc
4.81%
2,202
$258,090,000 0.09%
Weyerhaeuser Co Mtn Be
Closed
7,000
$251,370,000
Cardinal Health, Inc.
Opened
2,545
$250,224,000 0.09%
Sysco Corp.
Closed
3,025
$245,570,000
MongoDB Inc
Closed
673
$241,365,000
Vanguard World Fd
5.78%
1,222
$241,088,000 0.09%
Qualcomm, Inc.
Closed
1,417
$239,929,000
American Express Co.
Closed
1,030
$234,625,000
Verizon Communications Inc
Opened
5,429
$223,892,000 0.08%
Skyworks Solutions, Inc.
5.00%
2,100
$223,818,000 0.08%
Invesco Actvely Mngd Etc Fd
58.54%
15,801
$222,004,000 0.08%
Campbell Soup Co.
Opened
4,900
$221,431,000 0.08%
Schwab Strategic Tr
Closed
2,722
$219,479,000
Shell Plc
Opened
3,040
$219,434,000 0.08%
Comcast Corp New
Closed
4,973
$215,580,000
Stanley Black & Decker Inc
Closed
2,200
$215,446,000
Fidelity Covington Trust
Opened
4,407
$206,159,000 0.08%
Lyondellbasell Industries N
Closed
2,000
$204,560,000
KLA Corp.
80.57%
244
$200,997,000 0.07%
Coeur Mng Inc
No change
10,100
$56,762,000 0.02%
Gold Resource Corp
No change
37,600
$14,044,000 0.01%
No transactions found
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