Belvedere Trading’s VanEck Semiconductor ETF SMH Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	$105M	Buy	+378,298	New	+$105M	0.12%	3
2025 Q1	–	Sell	-601,602	Closed	-$146M	–	425
2024 Q4	$146M	Buy	601,602 +499,432	+489%	+$121M	0.18%	3
2024 Q3	$25.1M	Buy	+102,170	New	+$25.1M	0.03%	7