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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
CRWL
276
CALL
GraniteShares 2x Long CRWD Daily ETF
CRWL
$50M
$296K ﹤0.01%
+13,100
New +$370K
RTH icon
277
PUT
VanEck Retail ETF
RTH
$262M
$294K ﹤0.01%
+1,300
New +$301K
APP icon
278
CALL
Applovin
APP
$140B
$291K ﹤0.01%
+1,100
New +$379K
NVDS icon
279
CALL
Tradr 1.25X NVDA Bear Daily ETF
NVDS
$14M
$291K ﹤0.01%
+3,333
New +$253K
XMMO icon
280
CALL
Invesco S&P MidCap Momentum ETF
XMMO
$7.4B
$284K ﹤0.01%
2,500
+1,300
+108% +$160K
ARR
281
Armour Residential REIT
ARR
$2.35B
$284K ﹤0.01%
16,595
+8,213
+98% +$153K
PALL icon
282
PUT
abrdn Physical Palladium Shares ETF
PALL
$661M
$281K ﹤0.01%
+15,500
New +$273K
UNL icon
283
United States 12 Month Natural Gas Fund
UNL
$13.3M
$281K ﹤0.01%
+27,373
New +$258K
LQD icon
284
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
$280K ﹤0.01%
+2,574
New +$277K
IUSV icon
285
CALL
iShares Core S&P US Value ETF
IUSV
$27.6B
$277K ﹤0.01%
3,000
+100
+3% +$9.38K
IAK icon
286
CALL
iShares US Insurance ETF
IAK
$541M
$276K ﹤0.01%
2,000
+1,800
+900% +$235K
IAK icon
287
PUT
iShares US Insurance ETF
IAK
$541M
$276K ﹤0.01%
2,000
+300
+18% +$39.2K
XBI icon
288
State Street SPDR S&P Biotech ETF
XBI
$9.99B
$274K ﹤0.01%
+3,379
New +$302K
BTCL
289
CALL
T-Rex 2X Long Bitcoin Daily Target ETF
BTCL
$23M
$273K ﹤0.01%
8,000
-1,700
-18% -$79.4K
TSM icon
290
TSMC
TSM
$2.15T
$270K ﹤0.01%
1,627
+477
+41% +$92.7K
SMDV icon
291
CALL
ProShares Russell 2000 Dividend Growers ETF
SMDV
$710M
$269K ﹤0.01%
4,100
– –
FXL icon
292
First Trust Technology AlphaDEX Fund
FXL
$2.71B
$267K ﹤0.01%
2,017
+1,005
+99% +$149K
PATK icon
293
CALL
Patrick Industries
PATK
$2.9B
$266K ﹤0.01%
+3,150
New +$283K
TSLR icon
294
CALL
GraniteShares 2x Long TSLA Daily ETF
TSLR
$69.5M
$266K ﹤0.01%
17,600
+10,600
+151% +$308K
FORM icon
295
CALL
FormFactor
FORM
$8.92B
$266K ﹤0.01%
9,400
-24,100
-72% -$886K
TSLT icon
296
T-REX 2X Long Tesla Daily Target ETF
TSLT
$149M
$266K ﹤0.01%
20,347
-88,144
-81% -$2.23M
NUGT icon
297
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.07B
$265K ﹤0.01%
+4,265
New +$210K
VTI icon
298
Vanguard Morningstar Total Stock Market ETF
VTI
$681B
$264K ﹤0.01%
962
-237
-20% -$68.9K
CONI
299
CALL
GraniteShares 2x Short COIN Daily ETF
CONI
$13.5M
$264K ﹤0.01%
+880
New +$207K
TSAT icon
300
Telesat
TSAT
$780M
$260K ﹤0.01%
13,792
-13,661
-50% -$261K
10 11
12
13 14

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Mariner
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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
Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return
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.