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	$16.9B	Buy	26,031,800 +2,607,600	+11%	+$1.77B	20.05%	2
2025 Q4	$16B	Sell	23,424,200 -7,578,300	-24%	-$5.12B	17.15%	1
2025 Q3	$20.7B	Sell	31,002,500 -4,434,900	-13%	-$2.84B	23.78%	1
2025 Q2	$21.9B	Sell	35,437,400 -11,560,600	-25%	-$6.61B	25.61%	1
2025 Q1	$26.3B	Buy	46,998,000 +5,304,500	+13%	+$3.12B	29.64%	2
2024 Q4	$24.4B	Sell	41,693,500 -4,047,300	-9%	-$2.38B	29.5%	1
2024 Q3	$26.2B	Sell	45,740,800 -10,085,900	-18%	-$5.58B	35.22%	1
2024 Q2	$30.4B	Buy	55,826,700 +2,129,600	+4%	+$1.11B	37.71%	1
2024 Q1	$28.1B	Buy	53,697,100 +12,201,100	+29%	+$6.07B	36.35%	1
2023 Q4	$19.7B	Sell	41,496,000 -5,809,800	-12%	-$2.59B	32.7%	1
2023 Q3	$20.2B	Buy	47,305,800 +1,377,400	+3%	+$613M	30.85%	2
2023 Q2	$20.4B	Buy	45,928,400 +7,169,900	+18%	+$3.01B	36.71%	1
2023 Q1	$15.9B	Buy	38,758,500 +248,200	+0.6%	+$99M	38.43%	1
2022 Q4	$14.7B	Buy	38,510,300 +33,063,400	+607%	+$12.7B	39.77%	1
2022 Q3	$2.1B	Buy	5,446,900 +1,156,600	+27%	+$459M	70.54%	1
2022 Q2	$1.68B	Sell	4,290,300 -2,743,300	-39%	-$1.12B	54.53%	1
2022 Q1	$3.13B	Buy	7,033,600 +5,490,100	+356%	+$2.44B	84.06%	1
2021 Q4	$676M	Sell	1,543,500 -1,958,400	-56%	-$899M	30.17%	1
2021 Q3	$1.57B	Buy	+3,501,900	New	+$1.54B	41%	1
2021 Q1	–	Sell	-4,219,200	Closed	-$1.58B	–	346
2020 Q4	$1.58B	Buy	4,219,200 +2,206,900	+110%	+$783M	61.35%	1
2020 Q3	$674M	Sell	2,012,300 -9,113,100	-82%	-$3.02B	59.54%	1
2020 Q2	$3.43B	Sell	11,125,400 -14,797,200	-57%	-$4.33B	90.89%	1
2020 Q1	$6.68B	Buy	25,922,600 +15,928,600	+159%	+$4.86B	89.39%	1
2019 Q4	$3.22B	Sell	9,994,000 -15,137,300	-60%	-$4.66B	80.4%	1
2019 Q3	$7.46B	Buy	+25,131,300	New	+$7.43B	89.13%	1
2019 Q1	–	Sell	-6,247,600	Closed	-$1.56B	–	14
2018 Q4	$1.56B	Buy	+6,247,600	New	+$1.68B	39.1%	2
2015 Q3	–	Sell	-13,873,200	Closed	-$2.86B	–	14
2015 Q2	$2.86B	Buy	+13,873,200	New	+$2.92B	96.48%	1
2015 Q1	–	Sell	-31,059,600	Closed	-$6.38B	–	298
2014 Q4	$6.38B	Buy	+31,059,600	New	+$6.24B	49.01%	1

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. 4,555 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.