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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
IXP icon
276
PUT
iShares Global Comm Services ETF
IXP
$574M
$470K ﹤0.01%
+3,800
New +$446K
HIMS icon
277
Hims & Hers Health
HIMS
$7.13B
$467K ﹤0.01%
8,240
-20,995
-72% -$1.08M
VTV icon
278
CALL
Vanguard Morningstar Value ETF
VTV
$189B
$466K ﹤0.01%
2,500
– –
RSP icon
279
Invesco S&P 500 Equal Weight ETF
RSP
$98.1B
$460K ﹤0.01%
+2,427
New +$452K
RDDT icon
280
PUT
Reddit
RDDT
$29.8B
$460K ﹤0.01%
+2,000
New +$408K
CRWL
281
GraniteShares 2x Long CRWD Daily ETF
CRWL
$46.6M
$456K ﹤0.01%
12,572
+11,070
+737% +$362K
CRCA
282
CALL
ProShares Ultra CRCL
CRCA
$73M
$455K ﹤0.01%
+3,110
New +$501K
ITUB icon
283
Itaú Unibanco
ITUB
$93.6B
$451K ﹤0.01%
63,349
+4,856
+8% +$32.1K
IWMY icon
284
PUT
Defiance R2000 Weekly Distribution ETF
IWMY
$97.2M
$451K ﹤0.01%
+19,600
New +$459K
ULTY icon
285
PUT
YieldMax Ultra Option Income Strategy ETF
ULTY
$764M
$449K ﹤0.01%
8,210
-180
-2% -$10.7K
VBK icon
286
CALL
Vanguard Morningstar Small-Cap Growth ETF
VBK
$23.5B
$446K ﹤0.01%
1,500
-1,000
-40% -$289K
BTCL
287
T-Rex 2X Long Bitcoin Daily Target ETF
BTCL
$22.4M
$445K ﹤0.01%
7,917
-8,127
-51% -$476K
SIVR icon
288
PUT
abrdn Physical Silver Shares ETF
SIVR
$4.03B
$445K ﹤0.01%
10,000
– –
ROBN
289
CALL
T-Rex 2X Long HOOD Daily Target ETF
ROBN
$89.1M
$442K ﹤0.01%
4,100
-22,800
-85% -$1.53M
HIMZ
290
PUT
Defiance Daily Target 2X Long HIMS ETF
HIMZ
$62.3M
$440K ﹤0.01%
1,393
-17,671
-93% -$5.12M
LLYX
291
Defiance Daily Target 2x Long LLY ETF
LLYX
$46.1M
$438K ﹤0.01%
+31,545
New +$437K
LAC
292
CALL
Lithium Americas
LAC
$1.05B
$438K ﹤0.01%
+76,700
New +$242K
CDE icon
293
CALL
Coeur Mining
CDE
$16B
$437K ﹤0.01%
+18,300
New +$224K
XOVR
294
CALL
EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF
XOVR
$1.79B
$435K ﹤0.01%
+20,600
New +$411K
NUGT icon
295
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$892M
$435K ﹤0.01%
+2,817
New +$279K
MSTU
296
CALL
T-Rex 2X Long MSTR Daily Target ETF
MSTU
$329M
$434K ﹤0.01%
9,340
-610
-6% -$41.7K
SLYG icon
297
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.17B
$434K ﹤0.01%
4,600
+500
+12% +$46K
DFDV
298
CALL
DeFi Development Corp
DFDV
$79.8M
$432K ﹤0.01%
31,020
+16,830
+119% +$280K
TSLL icon
299
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.34B
$422K ﹤0.01%
+19,969
New +$270K
IONL
300
CALL
GraniteShares 2x Long IONQ Daily ETF
IONL
$63.3M
$420K ﹤0.01%
+5,000
New +$278K
10 11
12
13 14

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
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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.