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Belvedere Trading

Belvedere Trading Portfolio holdings

AUM $87.6B
1-Year Est. Return 131.08%
This Fund
S&P 500
This Quarter Est. Return
-8.69%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$88.7B
AUM Growth
+$5.87B
Cap. Flow
+$14.6B
Cap. Flow %
16.42%
Top 10 Hldgs %
86.79%
Holding
1,102
New
275
Increased
152
Reduced
217
Closed
425

Top Buys

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$195M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$158M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$39.2M
4
AVGO icon
Broadcom
AVGO
+$26.4M
5
META icon
Meta Platforms (Facebook)
META
+$25.1M

Top Sells

Rank Stock Value
1
SMH icon
VanEck Semiconductor ETF
SMH
+$144M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$135M
3
NVDA icon
NVIDIA
NVDA
+$104M
4
AMD icon
Advanced Micro Devices
AMD
+$23.2M
5
SMCI icon
Super Micro Computer
SMCI
+$22.3M

Sector Composition

Rank Sector Weight
1 Technology 0.7%
2 Communication Services 0.07%
3 Consumer Discretionary 0.05%
4 Energy 0%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CURE icon
226
Direxion Daily Healthcare Bull 3X ETF
CURE
$176M
$395K ﹤0.01%
+3,701
New +$394K
CBNK icon
227
Capital Bancorp
CBNK
$611M
$392K ﹤0.01%
13,823
-170
-1% -$5.03K
GBTC icon
228
PUT
Grayscale Bitcoin Trust
GBTC
$9.74B
$391K ﹤0.01%
6,000
– –
MLGO
229
CALL
MicroAlgo
MLGO
$44.1M
$386K ﹤0.01%
+530
New +$63.2K
SMCY
230
PUT
YieldMax SMCI Option Income Strategy ETF
SMCY
$110M
$381K ﹤0.01%
18,400
+9,400
+104% +$237K
HUT
231
PUT
Hut 8
HUT
$10.4B
$379K ﹤0.01%
42,500
+24,400
+135% +$450K
PPLT
232
PUT
abrdn Physical Platinum Shares ETF
PPLT
$2B
$375K ﹤0.01%
+41,000
New +$363K
EEMX icon
233
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
EEMX
$177M
$367K ﹤0.01%
+10,939
New +$367K
COMT icon
234
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.17B
$367K ﹤0.01%
13,858
+4,305
+45% +$112K
ILMN icon
235
CALL
Illumina
ILMN
$30.2B
$366K ﹤0.01%
4,400
-1,100
-20% -$119K
FBL icon
236
PUT
GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF
FBL
$176M
$363K ﹤0.01%
11,900
-700
-6% -$27.5K
RGTI icon
237
CALL
Rigetti Computing
RGTI
$5.58B
$362K ﹤0.01%
45,700
-27,400
-37% -$304K
PL icon
238
CALL
Planet Labs
PL
$7.97B
$360K ﹤0.01%
106,400
+2,100
+2% +$9.83K
CIBR icon
239
PUT
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.2B
$359K ﹤0.01%
+5,700
New +$378K
HACK icon
240
PUT
Amplify Cybersecurity ETF
HACK
$2.88B
$359K ﹤0.01%
+5,000
New +$384K
HUT
241
Hut 8
HUT
$10.4B
$359K ﹤0.01%
30,884
+28,810
+1,389% +$532K
VCR icon
242
PUT
Vanguard Consumer Discretionary ETF
VCR
$6.3B
$358K ﹤0.01%
+1,100
New +$398K
SKYT
243
CALL
DELISTED
SkyWater Technology
SKYT
$356K ﹤0.01%
50,200
-4,900
-9% -$48.1K
BTDR icon
244
CALL
Bitdeer Technologies
BTDR
$2.69B
$353K ﹤0.01%
40,000
-10,300
-20% -$154K
SNDK
245
CALL
Sandisk
SNDK
$200B
$352K ﹤0.01%
+7,400
New +$368K
BKLC icon
246
CALL
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.64B
$351K ﹤0.01%
9,900
+7,500
+313% +$281K
VSH icon
247
CALL
Vishay Intertechnology
VSH
$5.09B
$348K ﹤0.01%
21,900
-2,900
-12% -$49.7K
BIL icon
248
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.9B
$343K ﹤0.01%
3,744
+2,226
+147% +$204K
DNB
249
PUT
DELISTED
Dun & Bradstreet
DNB
$342K ﹤0.01%
+38,300
New +$392K
ECHO
250
CALL
EchoStar
ECHO
$25.5B
$341K ﹤0.01%
36,200
-6,100
-14% -$166K
8 9
10
11 12

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Focus Partners Wealth
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Qube Research & Technologies (QRT)
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Squarepoint
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Sanders Capital
Sanders Capital West Palm Beach, Florida $83.9B AUM 37.89% 1-Year Est. Return
Mackenzie Financial
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US Bancorp
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Belvedere Trading's Q1 2025 Portfolio in Review

As of Q1 2025, Belvedere Trading held 1,102 positions worth $88.7B, up 7.1% from $82.8B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Belvedere Trading deployed $14.6B of net new capital in Q1 2025, opening 275 new positions and adding to 152 existing holdings. Its largest new stake was Broadcom: 124,615 shares worth $20.9M.

By sector, the portfolio is most concentrated in Technology at 0.7% of assets, down from 0.76% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was NVIDIA, an estimated $104M trimmed.

  • Belvedere Trading's largest Q1 2025 buy was Broadcom: 124,615 shares worth $20.9M.
  • Belvedere Trading added most to Strategy Inc in Q1 2025, an estimated $195M increase.
  • Belvedere Trading's biggest Q1 2025 reduction was NVIDIA, cutting an estimated $104M.
  • Belvedere Trading fully exited VanEck Semiconductor ETF in Q1 2025, selling an estimated $144M.
  • Belvedere Trading's ten largest holdings make up 87% of its $88.7B portfolio in Q1 2025.
  • Belvedere Trading opened 275 new positions and closed 425 in Q1 2025.
  • Belvedere Trading's portfolio value rose 7.1% quarter-over-quarter to $88.7B.

Based on Belvedere Trading's 13F filing for Q1 2025, filed 9 May 2025.