Who owns ZHDG
Which tracked institutional funds hold ZHDG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ZHDG company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on ZHDG is one-sided between 2026-Q1 and 2026-Q2: 3 added or opened and 1 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ZHDG’s largest tracked holder by dollar value, ZEGA Investments, LLC, sizes it at 3.9% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 3.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ZHDG divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 16 tracked filers holding ZHDG, 7 increased or opened the position and 9 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ZHDG between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 1
- Coppell Advisory Solutions LLC$2M
Largest adds
- ZEGA Investments, LLC$2M
- Wealth Watch Advisors, INC$657K
Largest trims
- OLD MISSION CAPITAL LLC$299K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ZEGA Investments, LLC trimmed | 1,002,872 | $24M | 55.8% | 2026-Q2 |
| Wealth Watch Advisors, INC added | 214,102 | $5M | 11.9% | 2026-Q2 |
| Allen Capital Group, LLC trimmed | 152,460 | $4M | 8.5% | 2026-Q2 |
| Coppell Advisory Solutions LLC trimmed | 83,238 | $2M | 4.6% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 51,429 | $1M | 2.9% | 2026-Q2 |
| Optivise Advisory Services LLC trimmed | 41,471 | $976K | 2.3% | 2026-Q2 |
| Virtue Capital Management, LLC trimmed | 40,359 | $950K | 2.2% | 2026-Q2 |
| Authentikos Wealth Advisory, LLC added | 39,583 | $931K | 2.2% | 2026-Q2 |
| Royal Fund Management, LLC trimmed | 39,079 | $920K | 2.2% | 2026-Q2 |
| CreativeOne Wealth, LLC trimmed | 24,168 | $569K | 1.3% | 2026-Q2 |
| Nicholas Wealth, LLC. trimmed | 21,303 | $501K | 1.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 19,616 | $462K | 1.1% | 2026-Q2 |
| Farther Finance Advisors, LLC new | 18,181 | $428K | 1.0% | 2026-Q2 |
| OLD MISSION CAPITAL LLC trimmed | 16,097 | $379K | 0.9% | 2026-Q2 |
| GTS SECURITIES LLC trimmed | 13,013 | $306K | 0.7% | 2026-Q2 |
| MORGAN STANLEY | 1 | $31 | 0.0% | 2026-Q2 |
| WorthPointe, LLC trimmed | 22,269 | $470K | 1.1% | 2026-Q1 stale (1 quarter behind) |
| UBS Group AG trimmed | 130 | $3K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| CWM, LLC | 2 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.