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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
BTCL
301
T-Rex 2X Long Bitcoin Daily Target ETF
BTCL
$23M
$259K ﹤0.01%
7,589
-1,790
-19% -$83.6K
TTE icon
302
PUT
TotalEnergies
TTE
$188B
$259K ﹤0.01%
4,000
-1,200
-23% -$72.4K
FTEC icon
303
CALL
Fidelity MSCI Information Technology Index ETF
FTEC
$21B
$258K ﹤0.01%
+1,600
New +$287K
BOIL icon
304
PUT
ProShares Ultra Bloomberg Natural Gas
BOIL
$349M
$257K ﹤0.01%
+1,500
New +$225K
JSML icon
305
CALL
Janus Henderson Small Cap Growth Alpha ETF
JSML
$379M
$256K ﹤0.01%
+4,200
New +$273K
IWO icon
306
CALL
iShares Russell 2000 Growth ETF
IWO
$14.9B
$256K ﹤0.01%
1,000
– –
GRNY
307
FundStrat Granny Shots US Large Cap ETF
GRNY
$4.41B
$255K ﹤0.01%
14,008
-37,554
-73% -$745K
FNGS icon
308
PUT
MicroSectors FANG+ ETNs due Jan 8 2038
FNGS
$596M
$254K ﹤0.01%
5,100
-18,700
-79% -$1.05M
BBAR icon
309
CALL
BBVA Argentina
BBAR
$3.65B
$254K ﹤0.01%
14,000
– –
TMP icon
310
PUT
Tompkins Financial
TMP
$1.45B
$252K ﹤0.01%
4,000
-1,000
-20% -$67K
YBTC icon
311
PUT
Roundhill Bitcoin Covered Call Strategy ETF
YBTC
$128M
$252K ﹤0.01%
+6,300
New +$290K
RDDT icon
312
CALL
Reddit
RDDT
$29.9B
$252K ﹤0.01%
2,400
-1,400
-37% -$231K
J icon
313
CALL
Jacobs Solutions
J
$17.1B
$250K ﹤0.01%
1,818
-9,090
-83% -$1.17M
LLYX
314
Defiance Daily Target 2x Long LLY ETF
LLYX
$50.2M
$250K ﹤0.01%
12,733
-9,069
-42% -$186K
RXI icon
315
PUT
iShares Global Consumer Discretionary ETF
RXI
$275M
$249K ﹤0.01%
+1,400
New +$261K
BIDU icon
316
PUT
Baidu
BIDU
$37.7B
$248K ﹤0.01%
2,700
-5,300
-66% -$476K
CRWL
317
PUT
GraniteShares 2x Long CRWD Daily ETF
CRWL
$50M
$248K ﹤0.01%
+11,000
New +$310K
VTEB icon
318
PUT
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
$248K ﹤0.01%
+5,000
New +$250K
MSTY icon
319
CALL
YieldMax MSTR Option Income Strategy ETF
MSTY
$767M
$248K ﹤0.01%
2,440
+20
+0.8% +$2.47K
VIS icon
320
PUT
Vanguard Industrials ETF
VIS
$8.42B
$248K ﹤0.01%
+1,000
New +$259K
QID icon
321
ProShares UltraShort QQQ
QID
$251M
$247K ﹤0.01%
+6,492
New +$216K
JSML icon
322
Janus Henderson Small Cap Growth Alpha ETF
JSML
$379M
$243K ﹤0.01%
+4,000
New +$260K
YINN icon
323
Direxion Daily FTSE China Bull 3X ETF
YINN
$740M
$243K ﹤0.01%
+5,860
New +$218K
UCC icon
324
CALL
ProShares Ultra Consumer Discretionary
UCC
$11M
$242K ﹤0.01%
6,200
+400
+7% +$19.2K
AMDY icon
325
PUT
YieldMax AMD Option Income Strategy ETF
AMDY
$385M
$242K ﹤0.01%
6,100
-2,260
-27% -$100K
11 12
13
14 15

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 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.