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
2025 Q2	–	Sell	-800	Closed	-$65.4K	–	1057
2025 Q1	$65.4K	Sell	800 -790	-50%	-$81.5K	﹤0.01%	469
2024 Q4	$263K	Buy	+1,590	New	+$697K	﹤0.01%	366

Other funds holding SMST

Optiver Holding Amsterdam, Netherlands $289B AUM 33.63% 1-Year Est. Return

HRT Financial New York $40.1B AUM 58.22% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

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 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.