# EDGAR Filing Document

**Accession Number:** 0002045703
**File Stem:** 0001172661-25-002913
**Filing Date:** 2025-8
**Character Count:** 17699
**Document Hash:** da89c3c6ae651c89d790582336184eb9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-002913.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001172661-25-002913

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**EFFECTIVENESS DATE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ZEGA Investments, LLC
- **CENTRAL INDEX KEY:** 0002045703

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24897
- **FILM NUMBER:** 251189038

**BUSINESS ADDRESS:**
- **STREET 1:** 3801 PGA BOULEVARD
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33410
- **BUSINESS PHONE:** 610-368-1457

**MAIL ADDRESS:**
- **STREET 1:** 3801 PGA BOULEVARD
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33410

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** ZEGA Investments LLC<br>**Address:** 3801 Pga Boulevard<br>Palm Beach Gardens, FL 33410

**Form 13F File Number:** 028-24897

**CRD Number (if applicable):** 000330428

**SEC File Number (if applicable):** 801-130244

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** John McDevitt<br>**Title:** Chief Compliance Officer<br>**Phone:** 8003809342

**Signature, Place, and Date of Signing:**

/s/ John McDevitt  Palm Beach Gardens, FL  08-06-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 141

**Form 13F Information Table Value Total:** $732550554

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 553017 | 4066 | SH |  | SOLE |  | 0 | 0 | 4066 |
| ABBVIE INC | COM | 00287Y109 |  | 2665337 | 14359 | SH |  | SOLE |  | 0 | 0 | 14359 |
| ABBVIE INC | COM | 00287Y109 |  | 2153192 | 11600 | SH | Call | SOLE |  | 0 | 0 | 11600 |
| ADOBE INC | COM | 00724F101 |  | 817864 | 2114 | SH |  | SOLE |  | 0 | 0 | 2114 |
| AFLAC INC | COM | 001055102 |  | 7156410 | 67859 | SH |  | SOLE |  | 0 | 0 | 67859 |
| AFLAC INC | COM | 001055102 |  | 6264324 | 59400 | SH | Call | SOLE |  | 0 | 0 | 59400 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 6370252 | 35911 | SH |  | SOLE |  | 0 | 0 | 35911 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1244818 | 7064 | SH |  | SOLE |  | 0 | 0 | 7064 |
| AMAZON COM INC | COM | 023135106 |  | 18601899 | 84789 | SH |  | SOLE |  | 0 | 0 | 84789 |
| AMAZON COM INC | COM | 023135106 |  | 17704773 | 80700 | SH | Call | SOLE |  | 0 | 0 | 80700 |
| APPLE INC | COM | 037833100 |  | 54221241 | 264275 | SH |  | SOLE |  | 0 | 0 | 264275 |
| APPLE INC | COM | 037833100 |  | 8411970 | 41000 | SH | Put | SOLE |  | 0 | 0 | 41000 |
| APPLE INC | COM | 037833100 |  | 30754983 | 149900 | SH | Call | SOLE |  | 0 | 0 | 149900 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 398191 | 3892 | SH |  | SOLE |  | 0 | 0 | 3892 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1746829 | 3596 | SH |  | SOLE |  | 0 | 0 | 3596 |
| BNY MELLON ETF TRUST | ULTRA SHORT INCM | 09661T859 |  | 1208094 | 24220 | SH |  | SOLE |  | 0 | 0 | 24220 |
| BROADCOM INC | COM | 11135F101 |  | 574772 | 2085 | SH |  | SOLE |  | 0 | 0 | 2085 |
| CAMBRIA ETF TR | SHSHLD YIELD ETF | 132061201 |  | 531315 | 8170 | SH |  | SOLE |  | 0 | 0 | 8170 |
| CATERPILLAR INC | COM | 149123101 |  | 650640 | 1676 | SH |  | SOLE |  | 0 | 0 | 1676 |
| CHEVRON CORP NEW | COM | 166764100 |  | 361641 | 2526 | SH |  | SOLE |  | 0 | 0 | 2526 |
| COCA COLA CO | COM | 191216100 |  | 1209471 | 17095 | SH |  | SOLE |  | 0 | 0 | 17095 |
| COEUR MNG INC | COM NEW | 192108504 |  | 89486 | 10100 | SH |  | SOLE |  | 0 | 0 | 10100 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 5309048 | 5363 | SH |  | SOLE |  | 0 | 0 | 5363 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 1273692 | 9270 | SH |  | SOLE |  | 0 | 0 | 9270 |
| DIREXION SHS ETF TR | DLY TECH BULL 3X | 25459W102 |  | 495974 | 5300 | SH |  | SOLE |  | 0 | 0 | 5300 |
| ELI LILLY  CO | COM | 532457108 |  | 5047882 | 6476 | SH |  | SOLE |  | 0 | 0 | 6476 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 761615 | 24560 | SH |  | SOLE |  | 0 | 0 | 24560 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 7622975 | 70714 | SH |  | SOLE |  | 0 | 0 | 70714 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 6586580 | 61100 | SH | Call | SOLE |  | 0 | 0 | 61100 |
| FIDELITY COVINGTON TRUST | HIGH DIVID ETF | 316092840 |  | 229252 | 4407 | SH |  | SOLE |  | 0 | 0 | 4407 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 2989608 | 49935 | SH |  | SOLE |  | 0 | 0 | 49935 |
| FIRST TR EXCHANGE-TRADED FD | FT VEST S 500 | 33739Q705 |  | 3818640 | 77773 | SH |  | SOLE |  | 0 | 0 | 77773 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LAD | 33740U729 |  | 1609007 | 64541 | SH |  | SOLE |  | 0 | 0 | 64541 |
| GE VERNOVA INC | COM | 36828A101 |  | 1654652 | 3127 | SH |  | SOLE |  | 0 | 0 | 3127 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 677065 | 6107 | SH |  | SOLE |  | 0 | 0 | 6107 |
| GOLDMAN SACHS ETF TR | ULTRA SHORT BOND | 381430230 |  | 1651218 | 32656 | SH |  | SOLE |  | 0 | 0 | 32656 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1781407 | 2517 | SH |  | SOLE |  | 0 | 0 | 2517 |
| HOME DEPOT INC | COM | 437076102 |  | 2067850 | 5640 | SH |  | SOLE |  | 0 | 0 | 5640 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1826245 | 7842 | SH |  | SOLE |  | 0 | 0 | 7842 |
| INTUIT | COM | 461202103 |  | 2209302 | 2805 | SH |  | SOLE |  | 0 | 0 | 2805 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 1827488 | 3363 | SH |  | SOLE |  | 0 | 0 | 3363 |
| INVESCO ACTIVELY MANAGED EXC | ULTRA SHRT DUR | 46090A887 |  | 3391620 | 67643 | SH |  | SOLE |  | 0 | 0 | 67643 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 436183 | 33450 | SH |  | SOLE |  | 0 | 0 | 33450 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 553380 | 1003 | SH |  | SOLE |  | 0 | 0 | 1003 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4192464 | 7600 | SH | Call | SOLE |  | 0 | 0 | 7600 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 5792220 | 10500 | SH | Put | SOLE |  | 0 | 0 | 10500 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 2896396 | 47319 | SH |  | SOLE |  | 0 | 0 | 47319 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 1646549 | 26900 | SH | Call | SOLE |  | 0 | 0 | 26900 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 257437 | 1193 | SH |  | SOLE |  | 0 | 0 | 1193 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 1655834 | 32653 | SH |  | SOLE |  | 0 | 0 | 32653 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1877648 | 3024 | SH |  | SOLE |  | 0 | 0 | 3024 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 723843 | 5360 | SH |  | SOLE |  | 0 | 0 | 5360 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 1401740 | 10900 | SH | Call | SOLE |  | 0 | 0 | 10900 |
| ITRON INC | COM | 465741106 |  | 426744 | 3242 | SH |  | SOLE |  | 0 | 0 | 3242 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 5424084 | 95410 | SH |  | SOLE |  | 0 | 0 | 95410 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 3799936 | 74979 | SH |  | SOLE |  | 0 | 0 | 74979 |
| J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF | 46641Q670 |  | 443917 | 9433 | SH |  | SOLE |  | 0 | 0 | 9433 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 2412719 | 44351 | SH |  | SOLE |  | 0 | 0 | 44351 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 208767 | 4114 | SH |  | SOLE |  | 0 | 0 | 4114 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 959608 | 6282 | SH |  | SOLE |  | 0 | 0 | 6282 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2231147 | 7696 | SH |  | SOLE |  | 0 | 0 | 7696 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1311269 | 44601 | SH |  | SOLE |  | 0 | 0 | 44601 |
| KROGER CO | COM | 501044101 |  | 634835 | 8850 | SH |  | SOLE |  | 0 | 0 | 8850 |
| LISTED FDS TR | YIELDS FOR YOU I | 53656G357 |  | 155041 | 15697 | SH |  | SOLE |  | 0 | 0 | 15697 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 466540 | 1708 | SH |  | SOLE |  | 1696 | 0 | 12 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 247324 | 440 | SH |  | SOLE |  | 0 | 0 | 440 |
| MCDONALDS CORP | COM | 580135101 |  | 439424 | 1504 | SH |  | SOLE |  | 0 | 0 | 1504 |
| MCKESSON CORP | COM | 58155Q103 |  | 2176357 | 2970 | SH |  | SOLE |  | 0 | 0 | 2970 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3759072 | 5093 | SH |  | SOLE |  | 0 | 0 | 5093 |
| MICROSOFT CORP | COM | 594918104 |  | 15404656 | 30970 | SH |  | SOLE |  | 0 | 0 | 30970 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 2298856 | 5687 | SH |  | SOLE |  | 0 | 0 | 5687 |
| NETFLIX INC | COM | 64110L106 |  | 1991286 | 1487 | SH |  | SOLE |  | 0 | 0 | 1487 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 15316957 | 96949 | SH |  | SOLE |  | 0 | 0 | 96949 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 5545449 | 35100 | SH | Call | SOLE |  | 0 | 0 | 35100 |
| PACCAR INC | COM | 693718108 |  | 998130 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| PACER FDS TR | US LRG CP CASH | 69374H360 |  | 1894922 | 53971 | SH |  | SOLE |  | 0 | 0 | 53971 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 241996 | 4392 | SH |  | SOLE |  | 0 | 0 | 4392 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 940335 | 6898 | SH |  | SOLE |  | 0 | 0 | 6898 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2193945 | 10721 | SH |  | SOLE |  | 0 | 0 | 10721 |
| PEPSICO INC | COM | 713448108 |  | 1079654 | 8177 | SH |  | SOLE |  | 0 | 0 | 8177 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 |  | 2936089 | 59005 | SH |  | SOLE |  | 0 | 0 | 59005 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 703557 | 4416 | SH |  | SOLE |  | 0 | 0 | 4416 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1449347 | 5431 | SH |  | SOLE |  | 0 | 0 | 5431 |
| QUANTA SVCS INC | COM | 74762E102 |  | 1594741 | 4218 | SH |  | SOLE |  | 0 | 0 | 4218 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 207952 | 2221 | SH |  | SOLE |  | 0 | 0 | 2221 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 2981000 | 107734 | SH |  | SOLE |  | 0 | 0 | 107734 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 206229 | 1530 | SH |  | SOLE |  | 0 | 0 | 1530 |
| SERVICENOW INC | COM | 81762P102 |  | 637410 | 620 | SH |  | SOLE |  | 0 | 0 | 620 |
| SHELL PLC | SPON ADS | 780259305 |  | 223661 | 3177 | SH |  | SOLE |  | 0 | 0 | 3177 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1836601 | 6025 | SH |  | SOLE |  | 0 | 0 | 6025 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 41838175 | 67716 | SH |  | SOLE |  | 0 | 0 | 67716 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 128821725 | 208500 | SH | Put | SOLE |  | 0 | 0 | 208500 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 111645495 | 180700 | SH | Call | SOLE |  | 0 | 0 | 180700 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 1067062 | 14680 | SH |  | SOLE |  | 0 | 0 | 14680 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 295401 | 3099 | SH |  | SOLE |  | 0 | 0 | 3099 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 3773418 | 41136 | SH |  | SOLE |  | 0 | 0 | 41136 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 237414 | 4536 | SH |  | SOLE |  | 0 | 0 | 4536 |
| SPDR SERIES TRUST | PORTFLI INTRMDIT | 78464A672 |  | 333462 | 11591 | SH |  | SOLE |  | 0 | 0 | 11591 |
| SPDR SERIES TRUST | PRTFLO S HI | 78468R788 |  | 1426205 | 33605 | SH |  | SOLE |  | 0 | 0 | 33605 |
| SPDR SERIES TRUST | BLOOMBERG SHT TE | 78468R408 |  | 15310924 | 600900 | SH |  | SOLE |  | 0 | 0 | 600900 |
| SSGA ACTIVE ETF TR | ULT SHT TRM BD | 78467V707 |  | 1701052 | 41836 | SH |  | SOLE |  | 0 | 0 | 41836 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 14629751 | 351761 | SH |  | SOLE |  | 0 | 0 | 351761 |
| SSGA ACTIVE TR | SPDR BLACKSTONE | 78470P846 |  | 33944655 | 1187291 | SH |  | SOLE |  | 0 | 0 | 1187291 |
| STARBUCKS CORP | COM | 855244109 |  | 986080 | 10762 | SH |  | SOLE |  | 0 | 0 | 10762 |
| STRYKER CORPORATION | COM | 863667101 |  | 1270764 | 3212 | SH |  | SOLE |  | 0 | 0 | 3212 |
| TESLA INC | COM | 88160R101 |  | 8459921 | 26632 | SH |  | SOLE |  | 0 | 0 | 26632 |
| TIDAL TR II | YIELDMAX DORSEY | 88636R669 |  | 236601 | 6333 | SH |  | SOLE |  | 0 | 0 | 6333 |
| TIDAL TR II | YIELDMAX SHORT | 88636J451 |  | 425260 | 29885 | SH |  | SOLE |  | 0 | 0 | 29885 |
| TIDAL TR II | YIELDMAX SHORT | 88636J485 |  | 82133 | 11025 | SH |  | SOLE |  | 0 | 0 | 11025 |
| TIDAL TR II | YIELDMAX UNIVERS | 88636J659 |  | 3126917 | 227247 | SH |  | SOLE |  | 0 | 0 | 227247 |
| TIDAL TR II | YIELDMAX JPM OPT | 88634T436 |  | 203938 | 11907 | SH |  | SOLE |  | 0 | 0 | 11907 |
| TIDAL TR II | YIELDMAX GOLD MI | 88634T881 |  | 235236 | 15809 | SH |  | SOLE |  | 0 | 0 | 15809 |
| TIDAL TR II | YIELDMAX TARGET | 88636R818 |  | 582751 | 11090 | SH |  | SOLE |  | 0 | 0 | 11090 |
| TIDAL TR II | NICHOLAS GLOBAL | 88636J162 |  | 411077 | 23212 | SH |  | SOLE |  | 0 | 0 | 23212 |
| TIDAL TR II | YIELDMAX COIN OP | 88634T824 |  | 112858 | 12361 | SH |  | SOLE |  | 0 | 0 | 12361 |
| TIDAL TR II | YIELDMAX MSTR OP | 88634T493 |  | 386540 | 17435 | SH |  | SOLE |  | 0 | 0 | 17435 |
| TIDAL TR II | NICHOLAS FIXED | 88634T535 |  | 209674 | 11489 | SH |  | SOLE |  | 0 | 0 | 11489 |
| TIDAL TR II | YIELDMAX S 500 | 88636R560 |  | 381167 | 8463 | SH |  | SOLE |  | 0 | 0 | 8463 |
| TIDAL TR II | DEFIANCE S 500 | 88636J568 |  | 2897319 | 159456 | SH |  | SOLE |  | 0 | 0 | 159456 |
| TIDAL TR II | YIELDMAX TSLA OP | 88636J444 |  | 171523 | 20994 | SH |  | SOLE |  | 0 | 0 | 20994 |
| TIDAL TR II | YIELDMAX SHORT | 88636J477 |  | 63608 | 18491 | SH |  | SOLE |  | 0 | 0 | 18491 |
| TIDAL TR II | YIELDMAX SHORT T | 88636J519 |  | 96043 | 20305 | SH |  | SOLE |  | 0 | 0 | 20305 |
| TIDAL TR II | DEFIANCE NASDAQ | 88636J576 |  | 979303 | 53986 | SH |  | SOLE |  | 0 | 0 | 53986 |
| TIDAL TRUST I | ZEGA BUY AND HED | 886364660 |  | 13801394 | 647649 | SH |  | SOLE |  | 0 | 0 | 647649 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 452505 | 4850 | SH |  | SOLE |  | 0 | 0 | 4850 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 205514 | 2036 | SH |  | SOLE |  | 0 | 0 | 2036 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 3323620 | 10654 | SH |  | SOLE |  | 0 | 0 | 10654 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1513822 | 33455 | SH |  | SOLE |  | 0 | 0 | 33455 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1488725 | 32900 | SH | Call | SOLE |  | 0 | 0 | 32900 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 267327 | 3002 | SH |  | SOLE |  | 0 | 0 | 3002 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 256182 | 451 | SH |  | SOLE |  | 0 | 0 | 451 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 862668 | 1968 | SH |  | SOLE |  | 0 | 0 | 1968 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 802071 | 2639 | SH |  | SOLE |  | 0 | 0 | 2639 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 264281 | 1175 | SH |  | SOLE |  | 0 | 0 | 1175 |
| VICTORY PORTFOLIOS II | CORE INTERMEDIAT | 92647N527 |  | 444435 | 9442 | SH |  | SOLE |  | 0 | 0 | 9442 |
| VISA INC | COM CL A | 92826C839 |  | 3631352 | 10228 | SH |  | SOLE |  | 0 | 0 | 10228 |
| WALMART INC | COM | 931142103 |  | 2172073 | 22214 | SH |  | SOLE |  | 0 | 0 | 22214 |
| WALMART INC | COM | 931142103 |  | 1574258 | 16100 | SH | Call | SOLE |  | 0 | 0 | 16100 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 610755 | 7623 | SH |  | SOLE |  | 0 | 0 | 7623 |
| WISDOMTREE TR | FUTRE STRAT FD | 97717W125 |  | 244952 | 6938 | SH |  | SOLE |  | 0 | 0 | 6938 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 556278 | 11057 | SH |  | SOLE |  | 0 | 0 | 11057 |

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