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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
+0.72%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$93.1B
AUM Growth
+$6.26B
Cap. Flow
-$9.32B
Cap. Flow %
-10%
Top 10 Hldgs %
81.34%
Holding
1,246
New
362
Increased
207
Reduced
237
Closed
397

Top Buys

Rank Stock Value
1
SMCI icon
Super Micro Computer
SMCI
+$32.9M
2
GLD icon
SPDR Gold Trust
GLD
+$22.2M
3
MSTR icon
Strategy Inc
MSTR
+$17.7M
4
WDC icon
Western Digital
WDC
+$11.4M
5
PLTR icon
Palantir
PLTR
+$9.83M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$188M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$171M
3
NVDA icon
NVIDIA
NVDA
+$145M
4
AVGO icon
Broadcom
AVGO
+$96.9M
5
IBIT icon
iShares Bitcoin Trust
IBIT
+$92.3M

Sector Composition

Rank Sector Weight
1 Technology 0.23%
2 Consumer Discretionary 0.01%
3 Industrials 0.01%
4 Financials 0.01%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLI icon
251
State Street Industrial Select Sector SPDR ETF
XLI
$33.1B
$604K ﹤0.01%
+3,894
New +$599K
SOLT
252
PUT
2x Solana ETF
SOLT
$114M
$601K ﹤0.01%
4,710
+1,270
+37% +$329K
STCE icon
253
CALL
Schwab Crypto Thematic Natural Language Processing ETF
STCE
$234M
$600K ﹤0.01%
10,000
+1,000
+11% +$79.8K
ASMG
254
Leverage Shares 2X Long ASML Daily ETF
ASMG
$34.9M
$587K ﹤0.01%
25,980
-3,747
-13% -$92K
SGDM icon
255
CALL
Sprott Gold Miners ETF
SGDM
$552M
$585K ﹤0.01%
8,400
+1,800
+27% +$116K
INBX icon
256
Inhibrx
INBX
$1.2B
$585K ﹤0.01%
7,402
+1,125
+18% +$76.7K
RDTL
257
CALL
GraniteShares 2x Long RDDT Daily ETF
RDTL
$39.5M
$582K ﹤0.01%
11,600
-13,900
-55% -$622K
DHR icon
258
PUT
Danaher
DHR
$139B
$577K ﹤0.01%
2,200
– –
HOOG
259
CALL
Leverage Shares 2X Long HOOD Daily ETF
HOOG
$57.2M
$576K ﹤0.01%
10,600
+7,700
+266% +$681K
QBTX
260
PUT
Tradr 2X Long QBTS Daily ETF
QBTX
$91.1M
$572K ﹤0.01%
17,300
+1,700
+11% +$102K
NFLU
261
T-Rex 2X Long NFLX Daily Target ETF
NFLU
$53.8M
$565K ﹤0.01%
17,429
-35,960
-67% -$1.61M
GGLL icon
262
Direxion Daily GOOGL Bull 2X ETF
GGLL
$1.16B
$562K ﹤0.01%
5,797
-20,807
-78% -$1.77M
LEU icon
263
PUT
Centrus Energy
LEU
$3.64B
$558K ﹤0.01%
+2,300
New +$695K
WEBL icon
264
CALL
Direxion Daily Dow Jones Internet Bull 3X ETF
WEBL
$102M
$558K ﹤0.01%
20,400
+3,900
+24% +$115K
NVDS icon
265
Tradr 1.25X NVDA Bear Daily ETF
NVDS
$15.1M
$558K ﹤0.01%
+19,905
New +$643K
DFDV
266
CALL
DeFi Development Corp
DFDV
$79.8M
$556K ﹤0.01%
107,100
+76,080
+245% +$698K
MARA icon
267
PUT
Marathon Digital Holdings
MARA
$4.5B
$552K ﹤0.01%
61,500
-20,500
-25% -$302K
MULL
268
GraniteShares 2x Long MU Daily ETF
MULL
$471M
$552K ﹤0.01%
153,725
-71,525
-32% -$181K
VIG icon
269
CALL
Vanguard Dividend Appreciation ETF
VIG
$111B
$549K ﹤0.01%
+2,500
New +$546K
TSMU
270
CALL
GraniteShares 2x Long TSM Daily ETF
TSMU
$60.3M
$543K ﹤0.01%
+12,400
New +$522K
XLB icon
271
State Street Materials Select Sector SPDR ETF
XLB
$8.32B
$534K ﹤0.01%
+11,771
New +$520K
NBBK icon
272
NB Bancorp
NBBK
$1.01B
$527K ﹤0.01%
+26,577
New +$506K
QQQP
273
PUT
Tradr 2X Long Innovation 100 Quarterly ETF
QQQP
$18.2M
$526K ﹤0.01%
3,000
-1,100
-27% -$194K
VIOG icon
274
CALL
Vanguard S&P Small-Cap 600 Growth ETF
VIOG
$1.07B
$522K ﹤0.01%
4,300
+2,000
+87% +$243K
ACWI icon
275
iShares MSCI ACWI ETF
ACWI
$32.8B
$520K ﹤0.01%
+3,675
New +$516K
9 10
11
12 13

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Belvedere Trading's Q4 2025 Portfolio in Review

As of Q4 2025, Belvedere Trading held 1,246 positions worth $93.1B, up 7.2% from $86.9B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Belvedere Trading withdrew a net $9.32B in Q4 2025, closing 397 positions and reducing 237 holdings. Its most notable exit was Tesla, an estimated $188M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.23% of assets, down from 0.5% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Belvedere Trading opened a new position in SPDR Gold Trust worth $23M.

  • Belvedere Trading's largest Q4 2025 buy was SPDR Gold Trust: 58,131 shares worth $23M.
  • Belvedere Trading added most to Super Micro Computer in Q4 2025, an estimated $32.9M increase.
  • Belvedere Trading's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $171M.
  • Belvedere Trading fully exited Tesla in Q4 2025, selling an estimated $188M.
  • Belvedere Trading's ten largest holdings make up 81% of its $93.1B portfolio in Q4 2025.
  • Belvedere Trading opened 362 new positions and closed 397 in Q4 2025.
  • Belvedere Trading's portfolio value rose 7.2% quarter-over-quarter to $93.1B.

Based on Belvedere Trading's 13F filing for Q4 2025, filed 10 Feb 2026.