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-Q1 13F filings (latest filed 2026-05-27). 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
4 tracked funds added or opened ZHDG while 4 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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 4.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 4.0pp 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 2025-Q4 and 2026-Q1, across 14 tracked filers holding ZHDG, 8 increased or opened the position and 8 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 2025-Q4 and 2026-Q1 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 2
- Virtue Capital Management, LLC$955K
- CreativeOne Wealth, LLC$535K
Full exits 1
- Coppell Advisory Solutions LLC$2M
Largest adds
- Wealth Watch Advisors, INC$1M
- ZEGA Investments, LLC$576K
Largest trims
- Allen Capital Group, LLC$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$495K
- WorthPointe, LLC$252K
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 added | 1,036,383 | $22M | 55.4% | 2026-Q1 |
| Wealth Watch Advisors, INC added | 207,459 | $4M | 11.1% | 2026-Q1 |
| Allen Capital Group, LLC trimmed | 169,173 | $4M | 9.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 47,546 | $1M | 2.5% | 2026-Q1 |
| Virtue Capital Management, LLC added | 45,797 | $955K | 2.4% | 2026-Q1 |
| Royal Fund Management, LLC added | 41,992 | $887K | 2.2% | 2026-Q1 |
| Optivise Advisory Services LLC trimmed | 41,731 | $881K | 2.2% | 2026-Q1 |
| Authentikos Wealth Advisory, LLC added | 33,001 | $697K | 1.8% | 2026-Q1 |
| OLD MISSION CAPITAL LLC added | 32,075 | $677K | 1.7% | 2026-Q1 |
| CreativeOne Wealth, LLC new | 25,327 | $535K | 1.4% | 2026-Q1 |
| WorthPointe, LLC trimmed | 22,269 | $470K | 1.2% | 2026-Q1 |
| Nicholas Wealth, LLC. trimmed | 21,582 | $456K | 1.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 15,197 | $321K | 0.8% | 2026-Q1 |
| MORGAN STANLEY | 1 | $28 | 0.0% | 2026-Q1 |
| Coppell Advisory Solutions LLC added | 104,876 | $2M | 6.0% | 2025-Q4 stale |
| GTS SECURITIES LLC added | 16,788 | $380K | 1.0% | 2025-Q4 stale |
| UBS Group AG trimmed | 130 | $3K | 0.0% | 2025-Q4 stale |
| CWM, LLC | 2 | — | 0.0% | 2025-Q2 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
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.