Belvedere Trading’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Belvedere Trading’s Portfolio SPY Stock Details SPY Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$178M	Buy	273,804 +252,250	+1,170%	+$172M	0.21%	32
2025 Q4	$14.7M	Sell	21,554 -252,803	-92%	-$171M	0.02%	53
2025 Q3	$183M	Buy	274,357 +168,940	+160%	+$108M	0.21%	32
2025 Q2	$65.1M	Sell	105,417 -476,680	-82%	-$272M	0.08%	37
2025 Q1	$326M	Buy	582,097 +268,716	+86%	+$158M	0.37%	22
2024 Q4	$184M	Sell	313,381 -74,290	-19%	-$43.8M	0.22%	25
2024 Q3	$222M	Sell	387,671 -223,441	-37%	-$124M	0.3%	21
2024 Q2	$333M	Sell	611,112 -71,095	-10%	-$37.2M	0.41%	20
2024 Q1	$357M	Sell	682,207 -430,025	-39%	-$214M	0.46%	20
2023 Q4	$529M	Buy	1,112,232 +358,386	+48%	+$160M	0.88%	19
2023 Q3	$322M	Buy	+753,846	New	+$335M	0.49%	19
2023 Q2	–	Sell	-279,308	Closed	-$117M	–	1108
2023 Q1	$114M	Buy	+279,308	New	+$111M	0.28%	17
2022 Q3	–	Sell	-50,274	Closed	-$20M	–	396
2022 Q2	$19.7M	Buy	+50,274	New	+$20.6M	0.64%	11
2022 Q1	–	Sell	-444,630	Closed	-$198M	–	630
2021 Q4	$195M	Buy	444,630 +252,090	+131%	+$116M	8.69%	4
2021 Q3	$86.1M	Buy	+192,540	New	+$84.9M	2.25%	8
2021 Q2	–	Sell	-125,688	Closed	-$49.8M	–	432
2021 Q1	$49.8M	Buy	125,688 +41,147	+49%	+$15.9M	4.1%	6
2020 Q4	$31.6M	Buy	+84,541	New	+$30M	1.23%	9
2020 Q2	–	Sell	-431,217	Closed	-$126M	–	16
2020 Q1	$111M	Sell	431,217 -276,153	-39%	-$84.2M	1.49%	3
2019 Q4	$228M	Buy	+707,370	New	+$218M	5.69%	3
2019 Q3	–	Sell	-233,358	Closed	-$69M	–	14
2019 Q2	$68.4M	Buy	+233,358	New	+$67.2M	3.49%	4
2017 Q1	–	Sell	-140,831	Closed	-$31.5M	–	43
2016 Q4	$31.5M	Buy	+140,831	New	+$30.8M	7.8%	4
2015 Q2	–	Sell	-609,703	Closed	-$128M	–	14
2015 Q1	$126M	Sell	609,703 -1,110,401	-65%	-$229M	22.34%	2
2014 Q4	$354M	Buy	+1,720,104	New	+$346M	2.71%	6

Other funds holding SPY

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

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

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Belvedere Trading's SPY Position: Q1 2026 in Review

Belvedere Trading increased its State Street SPDR S&P 500 ETF Trust (SPY) stake by 1,170% in Q1 2026, buying an estimated $172M and bringing the position to 273,804 shares worth $178M. The position accounts for 0.21% of the portfolio, ranked #32.

Belvedere Trading first reported a position in SPY in Q4 2014 and has held it in 23 quarters since. The position peaked at $529M in Q4 2023. 4,558 funds tracked by Wall St. Rank hold SPY as of Q1 2026.

Belvedere Trading held 273,804 shares of State Street SPDR S&P 500 ETF Trust worth $178M as of Q1 2026.
Belvedere Trading bought 252,250 State Street SPDR S&P 500 ETF Trust shares in Q1 2026, an estimated $172M.
State Street SPDR S&P 500 ETF Trust made up 0.21% of Belvedere Trading's portfolio in Q1 2026, its #32 holding.
Belvedere Trading first reported a position in State Street SPDR S&P 500 ETF Trust in Q4 2014 and has held it in 23 quarters since.
Belvedere Trading's State Street SPDR S&P 500 ETF Trust position peaked at $529M in Q4 2023.
4,558 funds tracked by Wall St. Rank held State Street SPDR S&P 500 ETF Trust as of Q1 2026.

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