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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
+18%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$86.9B
AUM Growth
+$1.37B
Cap. Flow
-$8.02B
Cap. Flow %
-9.24%
Top 10 Hldgs %
82.83%
Holding
1,210
New
406
Increased
208
Reduced
217
Closed
323

Top Buys

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$139M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$108M
3
IBIT icon
iShares Bitcoin Trust
IBIT
+$48.6M
4
AVGO icon
Broadcom
AVGO
+$43.8M
5
QQQ icon
Invesco QQQ Trust
QQQ
+$24.2M

Top Sells

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$316M
2
SMH icon
VanEck Semiconductor ETF
SMH
+$112M
3
GLD icon
SPDR Gold Trust
GLD
+$35.2M
4
NVDA icon
NVIDIA
NVDA
+$30.6M
5
SMCI icon
Super Micro Computer
SMCI
+$22.1M

Sector Composition

Rank Sector Weight
1 Technology 0.5%
2 Consumer Discretionary 0.25%
3 Communication Services 0.02%
4 Industrials 0.01%
5 Financials 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OKLO
226
CALL
Oklo
OKLO
$7.17B
$647K ﹤0.01%
5,800
+200
+4% +$15.7K
MULL
227
PUT
GraniteShares 2x Long MU Daily ETF
MULL
$473M
$634K ﹤0.01%
437,500
+342,500
+361% +$309K
SLVP icon
228
CALL
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$793M
$610K ﹤0.01%
22,300
+5,000
+29% +$105K
BNO icon
229
CALL
United States Brent Oil Fund
BNO
$741M
$601K ﹤0.01%
20,000
– –
YBTC icon
230
PUT
Roundhill Bitcoin Covered Call Strategy ETF
YBTC
$127M
$600K ﹤0.01%
13,400
+3,700
+38% +$174K
RBLU
231
CALL
T-REX 2X Long RBLX Daily Target ETF
RBLU
$4.2M
$596K ﹤0.01%
6,000
+5,900
+5,900% +$497K
AVGX
232
PUT
Defiance Daily Target 2X Long AVGO ETF
AVGX
$219M
$589K ﹤0.01%
12,300
+12,000
+4,000% +$517K
HUT
233
CALL
Hut 8
HUT
$12.6B
$589K ﹤0.01%
79,400
+2,400
+3% +$61K
IONL
234
PUT
GraniteShares 2x Long IONQ Daily ETF
IONL
$63.3M
$588K ﹤0.01%
+7,000
New +$389K
QQQP
235
CALL
Tradr 2X Long Innovation 100 Quarterly ETF
QQQP
$18.4M
$579K ﹤0.01%
+3,400
New +$532K
SBET icon
236
CALL
Sharplink Inc
SBET
$1.31B
$577K ﹤0.01%
+33,900
New +$666K
EXE
237
CALL
Expand Energy Corp
EXE
$21.9B
$571K ﹤0.01%
63,200
-600
-0.9% -$60.2K
BLOK icon
238
Amplify Blockchain Technology ETF
BLOK
$1.1B
$570K ﹤0.01%
+8,499
New +$515K
SOFX
239
Defiance Daily Target 2X Long SOFI ETF
SOFX
$82.9M
$562K ﹤0.01%
+14,499
New +$481K
MQQQ
240
CALL
Tradr 2X Long Innovation 100 Monthly ETF
MQQQ
$208M
$558K ﹤0.01%
+3,100
New +$512K
PLTY
241
YieldMax PLTR Option Income Strategy ETF
PLTY
$308M
$554K ﹤0.01%
8,495
-998
-11% -$65.6K
BBC icon
242
CALL
Virtus Biotech Clinical Trials ETF
BBC
$46.5M
$554K ﹤0.01%
+20,300
New +$463K
GSLC icon
243
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.2B
$553K ﹤0.01%
+4,244
New +$534K
BHF icon
244
CALL
Brighthouse Financial
BHF
$3.55B
$552K ﹤0.01%
+10,400
New +$508K
FLG
245
CALL
Flagstar Bank National Association
FLG
$5.93B
$545K ﹤0.01%
141,500
+1,300
+0.9% +$15.5K
SBET icon
246
Sharplink Inc
SBET
$1.31B
$544K ﹤0.01%
+31,998
New +$628K
GBTC icon
247
PUT
Grayscale Bitcoin Trust
GBTC
$9.59B
$539K ﹤0.01%
6,000
– –
EWZ icon
248
iShares MSCI Brazil ETF
EWZ
$9.22B
$537K ﹤0.01%
+17,315
New +$496K
WEBL icon
249
CALL
Direxion Daily Dow Jones Internet Bull 3X ETF
WEBL
$102M
$533K ﹤0.01%
16,500
+5,800
+54% +$180K
BAIG
250
CALL
Leverage Shares 2X Long BBAI Daily ETF
BAIG
$7.47M
$523K ﹤0.01%
+2,820
New +$436K
8 9
10
11 12

Similar funds

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Mariner
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Focus Partners Wealth
Focus Partners Wealth Boston, Massachusetts $89.9B AUM 20.5% 1-Year Est. Return
Qube Research & Technologies (QRT)
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Squarepoint
Squarepoint New York $85.1B AUM 20.93% 1-Year Est. Return
Sanders Capital
Sanders Capital West Palm Beach, Florida $83.9B AUM 37.89% 1-Year Est. Return
Mackenzie Financial
Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return
US Bancorp
US Bancorp Minneapolis, Minnesota $82.4B AUM 19.69% 1-Year Est. Return

Belvedere Trading's Q3 2025 Portfolio in Review

As of Q3 2025, Belvedere Trading held 1,210 positions worth $86.9B, up 1.6% from $85.5B the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Belvedere Trading withdrew a net $8.02B in Q3 2025, closing 323 positions and reducing 217 holdings. Its most notable exit was VanEck Semiconductor ETF, an estimated $112M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.5% of assets, down from 0.85% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Belvedere Trading opened a new position in Palantir worth $10.9M.

  • Belvedere Trading's largest Q3 2025 buy was Palantir: 59,574 shares worth $10.9M.
  • Belvedere Trading added most to Tesla in Q3 2025, an estimated $139M increase.
  • Belvedere Trading's biggest Q3 2025 reduction was Strategy Inc, cutting an estimated $316M.
  • Belvedere Trading fully exited VanEck Semiconductor ETF in Q3 2025, selling an estimated $112M.
  • Belvedere Trading's ten largest holdings make up 83% of its $86.9B portfolio in Q3 2025.
  • Belvedere Trading opened 406 new positions and closed 323 in Q3 2025.
  • Belvedere Trading's portfolio value rose 1.6% quarter-over-quarter to $86.9B.

Based on Belvedere Trading's 13F filing for Q3 2025, filed 27 Oct 2025.