Belvedere Trading
SPY icon

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 		$17B Buy
26,107,700
+3,439,300
+15% +$2.34B 20.11% 1
2025
Q4 		$15.5B Sell
22,668,400
-5,435,700
-19% -$3.67B 16.6% 2
2025
Q3 		$18.7B Sell
28,104,100
-4,891,900
-15% -$3.14B 21.56% 2
2025
Q2 		$20.4B Sell
32,996,000
-15,630,700
-32% -$8.94B 23.85% 2
2025
Q1 		$27.2B Buy
48,626,700
+19,033,300
+64% +$11.2B 30.66% 1
2024
Q4 		$17.3B Buy
29,593,400
+3,508,200
+13% +$2.07B 20.94% 2
2024
Q3 		$15B Sell
26,085,200
-3,216,100
-11% -$1.78B 20.09% 2
2024
Q2 		$15.9B Sell
29,301,300
-10,049,700
-26% -$5.26B 19.79% 2
2024
Q1 		$20.6B Buy
39,351,000
+3,792,300
+11% +$1.89B 26.64% 2
2023
Q4 		$16.9B Sell
35,558,700
-19,883,300
-36% -$8.86B 28.02% 2
2023
Q3 		$23.7B Buy
55,442,000
+20,358,800
+58% +$9.06B 36.16% 1
2023
Q2 		$15.6B Buy
35,083,200
+5,570,300
+19% +$2.34B 28.04% 2
2023
Q1 		$12.1B Sell
29,512,900
-3,097,700
-9% -$1.24B 29.26% 2
2022
Q4 		$12.5B Buy
+32,610,600
New +$12.5B 33.68% 2
2022
Q3 		– Sell
-436,900
Closed -$171M – 395
2022
Q2 		$171M Buy
+436,900
New +$179M 5.55% 5
2021
Q4 		– Sell
-659,200
Closed -$295M – 613
2021
Q3 		$295M Buy
+659,200
New +$291M 7.72% 5
2020
Q2 		– Sell
-1,760,700
Closed -$454M – 15
2020
Q1 		$454M Buy
+1,760,700
New +$537M 6.07% 2
2019
Q3 		– Sell
-4,260,100
Closed -$1.25B – 13
2019
Q2 		$1.25B Buy
+4,260,100
New +$1.23B 63.67% 1
2019
Q1 		– Sell
-7,996,300
Closed -$2B – 13
2018
Q4 		$2B Buy
+7,996,300
New +$2.16B 50.04% 1
2016
Q2 		– Sell
-13,277,000
Closed -$2.73B – 17
2016
Q1 		$2.73B Buy
+13,277,000
New +$2.59B 85.31% 1
2015
Q1 		– Sell
-18,190,600
Closed -$3.74B – 297
2014
Q4 		$3.74B Buy
+18,190,600
New +$3.66B 28.7% 2

Other funds holding SPY

JP Morgan Chase
JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
Jane Street
Jane Street New York $777B AUM 61.18% 1-Year Est. Return
Northern Trust
Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
Susquehanna International Group
Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return
LPL Financial
LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return
Wells Fargo
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. 4,555 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.
  • 4,555 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.