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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
+34.98%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$85.5B
AUM Growth
-$3.23B
Cap. Flow
-$16.2B
Cap. Flow %
-18.92%
Top 10 Hldgs %
83.44%
Holding
1,068
New
391
Increased
157
Reduced
200
Closed
265

Top Buys

Rank Stock Value
1
SMH icon
VanEck Semiconductor ETF
SMH
+$87.7M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$84.3M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$48.6M
4
SMCI icon
Super Micro Computer
SMCI
+$35.5M
5
GLD icon
SPDR Gold Trust
GLD
+$33.5M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$272M
2
NVDA icon
NVIDIA
NVDA
+$170M
3
META icon
Meta Platforms (Facebook)
META
+$48.4M
4
AMZN icon
Amazon
AMZN
+$18.6M
5
AAPL icon
Apple
AAPL
+$13.2M

Sector Composition

Rank Sector Weight
1 Technology 0.85%
2 Consumer Discretionary 0.03%
3 Communication Services 0.02%
4 Financials 0.01%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ILMN icon
251
CALL
Illumina
ILMN
$31B
$454K ﹤0.01%
4,400
– –
SMCY
252
PUT
YieldMax SMCI Option Income Strategy ETF
SMCY
$105M
$454K ﹤0.01%
21,400
+3,000
+16% +$57.9K
JUCY icon
253
PUT
Aptus Enhanced Yield ETF
JUCY
$316M
$453K ﹤0.01%
20,400
+500
+3% +$11.3K
YBTC icon
254
PUT
Roundhill Bitcoin Covered Call Strategy ETF
YBTC
$125M
$452K ﹤0.01%
9,700
+3,400
+54% +$150K
RDDT icon
255
CALL
Reddit
RDDT
$27.1B
$452K ﹤0.01%
3,000
+600
+25% +$68K
VRT icon
256
CALL
Vertiv
VRT
$93B
$449K ﹤0.01%
+3,500
New +$340K
VONE icon
257
CALL
Vanguard Russell 1000 ETF
VONE
$8.27B
$449K ﹤0.01%
1,600
– –
CORZ icon
258
CALL
Core Scientific
CORZ
$6.66B
$447K ﹤0.01%
+26,200
New +$262K
QTEC icon
259
CALL
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.52B
$447K ﹤0.01%
+2,100
New +$393K
SOUN icon
260
CALL
SoundHound AI
SOUN
$2.67B
$442K ﹤0.01%
41,200
-500
-1% -$4.71K
VTV icon
261
CALL
Vanguard Morningstar Value ETF
VTV
$188B
$442K ﹤0.01%
2,500
– –
TUA icon
262
Simplify Short Term Treasury Futures Strategy ETF
TUA
$696M
$434K ﹤0.01%
+19,701
New +$432K
HUYA
263
Huya Inc
HUYA
$563M
$433K ﹤0.01%
122,958
-452,185
-79% -$1.64M
EDV icon
264
Vanguard World Funds Extended Duration ETF
EDV
$3.22B
$431K ﹤0.01%
+6,400
New +$423K
BKLC icon
265
CALL
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.49B
$426K ﹤0.01%
10,800
+900
+9% +$32.8K
LFGY
266
PUT
YieldMax Crypto Industry & Tech Portfolio Option Income ETF
LFGY
$90.6M
$422K ﹤0.01%
10,400
+6,900
+197% +$262K
SPMO icon
267
CALL
Invesco S&P 500 Momentum ETF
SPMO
$20.8B
$416K ﹤0.01%
3,700
-2,900
-44% -$290K
GGLL icon
268
CALL
Direxion Daily GOOGL Bull 2X ETF
GGLL
$989M
$414K ﹤0.01%
+11,900
New +$369K
XMMO icon
269
CALL
Invesco S&P MidCap Momentum ETF
XMMO
$7.11B
$412K ﹤0.01%
3,200
+700
+28% +$83.6K
ULTY icon
270
YieldMax Ultra Option Income Strategy ETF
ULTY
$762M
$410K ﹤0.01%
6,512
+6,472
+16,180% +$390K
METU
271
CALL
Direxion Daily META Bull 2X ETF
METU
$332M
$404K ﹤0.01%
8,900
-5,500
-38% -$182K
BITO icon
272
PUT
ProShares Bitcoin Strategy ETF
BITO
$1.37B
$398K ﹤0.01%
18,500
-5,000
-21% -$103K
CRWL
273
PUT
GraniteShares 2x Long CRWD Daily ETF
CRWL
$42.2M
$398K ﹤0.01%
9,400
-1,600
-15% -$51.4K
K
274
PUT
DELISTED
Kellanova
K
$398K ﹤0.01%
5,000
– –
TARK icon
275
CALL
Tradr 2X Long Innovation ETF
TARK
$12.2M
$394K ﹤0.01%
7,000
-12,100
-63% -$440K
9 10
11
12 13

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)
Qube Research & Technologies (QRT) London, United Kingdom $89.9B AUM 20.22% 1-Year Est. Return
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 Q2 2025 Portfolio in Review

As of Q2 2025, Belvedere Trading held 1,068 positions worth $85.5B, down 3.6% from $88.7B the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Belvedere Trading withdrew a net $16.2B in Q2 2025, closing 265 positions and reducing 200 holdings. Its most notable exit was Direxion Daily TSLA Bull 2X ETF, an estimated $3.11M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.85% of assets, up from 0.7% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Belvedere Trading opened a new position in VanEck Semiconductor ETF worth $105M.

  • Belvedere Trading's largest Q2 2025 buy was VanEck Semiconductor ETF: 378,298 shares worth $105M.
  • Belvedere Trading added most to iShares Bitcoin Trust in Q2 2025, an estimated $84.3M increase.
  • Belvedere Trading's biggest Q2 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $272M.
  • Belvedere Trading fully exited Direxion Daily TSLA Bull 2X ETF in Q2 2025, selling an estimated $3.11M.
  • Belvedere Trading's ten largest holdings make up 83% of its $85.5B portfolio in Q2 2025.
  • Belvedere Trading opened 391 new positions and closed 265 in Q2 2025.
  • Belvedere Trading's portfolio value fell 3.6% quarter-over-quarter to $85.5B.

Based on Belvedere Trading's 13F filing for Q2 2025, filed 1 Aug 2025.