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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
ITUB icon
276
Itaú Unibanco
ITUB
$93.2B
$386K ﹤0.01%
+58,493
New +$357K
SGDM icon
277
CALL
Sprott Gold Miners ETF
SGDM
$547M
$385K ﹤0.01%
+8,500
New +$358K
VXX icon
278
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$154M
$383K ﹤0.01%
+7,968
New +$469K
SGOV icon
279
CALL
iShares 0-3 Month Treasury Bond ETF
SGOV
$99.4B
$383K ﹤0.01%
+3,800
New +$382K
FXL icon
280
CALL
First Trust Technology AlphaDEX Fund
FXL
$2.53B
$378K ﹤0.01%
+2,400
New +$340K
RBLU
281
T-REX 2X Long RBLX Daily Target ETF
RBLU
$3.89M
$377K ﹤0.01%
+5,889
New +$224K
YMAX icon
282
PUT
YieldMax Universe Fund of Option Income ETFs
YMAX
$389M
$377K ﹤0.01%
27,400
-3,900
-12% -$51.9K
WGMI icon
283
CALL
CoinShares ETF Trust CoinShares Bitcoin Mining ETF
WGMI
$253M
$375K ﹤0.01%
+16,500
New +$269K
AVGX
284
CALL
Defiance Daily Target 2X Long AVGO ETF
AVGX
$248M
$373K ﹤0.01%
+10,400
New +$243K
QBTX
285
PUT
Tradr 2X Long QBTS Daily ETF
QBTX
$71.6M
$372K ﹤0.01%
+16,200
New +$378K
GMEU
286
PUT
T-REX 2X Long GME Daily Target ETF
GMEU
$20.9M
$372K ﹤0.01%
+23,000
New +$549K
UTHY icon
287
US Treasury 30 Year Bond ETF
UTHY
$174M
$368K ﹤0.01%
+8,794
New +$364K
QTUM icon
288
PUT
Defiance Quantum ETF
QTUM
$5.23B
$367K ﹤0.01%
4,000
-500
-11% -$40.4K
IETC icon
289
CALL
iShares US Tech Independence Focused ETF
IETC
$674M
$367K ﹤0.01%
+3,900
New +$323K
SLYG icon
290
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.07B
$364K ﹤0.01%
+4,100
New +$343K
JFIN
291
CALL
Jiayin Group
JFIN
$113M
$360K ﹤0.01%
22,500
-1,800
-7% -$24.4K
AIRR icon
292
CALL
First Trust RBA American Industrial Renaissance ETF
AIRR
$10.1B
$358K ﹤0.01%
4,400
-8,600
-66% -$634K
QTUM icon
293
CALL
Defiance Quantum ETF
QTUM
$5.23B
$358K ﹤0.01%
3,900
-23,300
-86% -$1.88M
PLTY
294
CALL
YieldMax PLTR Option Income Strategy ETF
PLTY
$312M
$353K ﹤0.01%
+5,500
New +$350K
STCE icon
295
CALL
Schwab Crypto Thematic Natural Language Processing ETF
STCE
$228M
$350K ﹤0.01%
+7,000
New +$280K
LLYX
296
PUT
Defiance Daily Target 2x Long LLY ETF
LLYX
$54.5M
$350K ﹤0.01%
22,100
+21,900
+10,950% +$359K
BKCH icon
297
Global X Blockchain ETF
BKCH
$212M
$348K ﹤0.01%
6,600
+1,452
+28% +$60K
YETH
298
PUT
Roundhill Ether Covered Call Strategy ETF
YETH
$59.1M
$347K ﹤0.01%
+13,900
New +$347K
NEON icon
299
PUT
Neonode
NEON
$14.1M
$347K ﹤0.01%
+13,600
New +$162K
ROBN
300
T-Rex 2X Long HOOD Daily Target ETF
ROBN
$80.5M
$344K ﹤0.01%
6,583
-80,880
-92% -$1.9M
10 11
12
13 14

Similar funds

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Mariner
Mariner Overland Park, Kansas $85.7B AUM 24.21% 1-Year Est. Return
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.