Belvedere Trading
SMST

Belvedere Trading’s Defiance Daily Target 2x Short MSTR ETF SMST Stock Holding History

Belvedere Trading’s Portfolio SMST Stock Details SMST Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		– Sell
-2,665
Closed -$247K – 1081
2025
Q4 		$247K Sell
2,665
-4,899
-65% -$273K ﹤0.01% 422
2025
Q3 		$222K Buy
7,564
+6,570
+661% +$166K ﹤0.01% 462
2025
Q2 		$23.8K Sell
994
-1,152
-54% -$41.8K ﹤0.01% 663
2025
Q1 		$176K Buy
2,146
+415
+24% +$42.8K ﹤0.01% 369
2024
Q4 		$289K Buy
+1,731
New +$759K ﹤0.01% 343

Other funds holding SMST

Optiver Holding
Optiver Holding Amsterdam, Netherlands $289B AUM 33.63% 1-Year Est. Return
HF
HRT Financial New York $40.1B AUM 58.22% 1-Year Est. Return
Susquehanna International Group
Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return
Jane Street
Jane Street New York $777B AUM 61.18% 1-Year Est. Return
FTUS
Flow Traders U.S. New York $3.16B AUM 19.52% 1-Year Est. Return
Group One Trading
Group One Trading Chicago, Illinois $52.2B AUM 104.56% 1-Year Est. Return
TRCT
Tower Research Capital (TRC) New York $3.85B AUM 32.11% 1-Year Est. Return

Belvedere Trading's SMST Position: Q1 2026 in Review

Belvedere Trading sold out of Defiance Daily Target 2x Short MSTR ETF (SMST) in Q1 2026, closing a stake of 2,665 shares — an estimated $247K sold.

Belvedere Trading first reported a position in SMST in Q4 2024 and held it in 5 quarters. The position peaked at $289K in Q4 2024. 7 funds tracked by Wall St. Rank hold SMST as of Q1 2026.

  • Belvedere Trading reported no remaining Defiance Daily Target 2x Short MSTR ETF position as of Q1 2026 after selling out during the quarter.
  • Belvedere Trading sold 2,665 Defiance Daily Target 2x Short MSTR ETF shares in Q1 2026, an estimated $247K.
  • Belvedere Trading first reported a position in Defiance Daily Target 2x Short MSTR ETF in Q4 2024 and held it in 5 quarters.
  • Belvedere Trading's Defiance Daily Target 2x Short MSTR ETF position peaked at $289K in Q4 2024.
  • 7 funds tracked by Wall St. Rank held Defiance Daily Target 2x Short MSTR ETF as of Q1 2026.

Based on Belvedere Trading's 13F filing for Q1 2026, filed 12 May 2026.