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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
NLR icon
326
CALL
VanEck Uranium + Nuclear Energy ETF
NLR
$4.04B
$242K ﹤0.01%
3,300
-7,800
-70% -$655K
WEBS icon
327
CALL
Direxion Daily Dow Jones Internet Bear 3X ETF
WEBS
$6.64M
$238K ﹤0.01%
+5,400
New +$184K
BFOR icon
328
CALL
Barron's 400 ETF
BFOR
$238M
$236K ﹤0.01%
+13,600
New +$249K
NVDL icon
329
CALL
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.88B
$236K ﹤0.01%
18,900
-54,000
-74% -$991K
AMDY icon
330
CALL
YieldMax AMD Option Income Strategy ETF
AMDY
$385M
$235K ﹤0.01%
5,920
-9,480
-62% -$420K
IWP icon
331
CALL
iShares Russell Mid-Cap Growth ETF
IWP
$20.4B
$235K ﹤0.01%
2,000
-100
-5% -$12.9K
QID icon
332
CALL
ProShares UltraShort QQQ
QID
$251M
$232K ﹤0.01%
+6,100
New +$203K
EWK icon
333
CALL
iShares MSCI Belgium ETF
EWK
$165M
$231K ﹤0.01%
+11,700
New +$224K
CIA icon
334
PUT
Citizens
CIA
$235M
$228K ﹤0.01%
50,000
-10,000
-17% -$48.2K
FEPI icon
335
PUT
REX FANG & Innovation Equity Premium Income ETF
FEPI
$683M
$225K ﹤0.01%
5,400
+1,600
+42% +$75.4K
VIOG icon
336
CALL
Vanguard S&P Small-Cap 600 Growth ETF
VIOG
$1.08B
$224K ﹤0.01%
2,100
-200
-9% -$23K
JEPQ icon
337
CALL
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$40.6B
$223K ﹤0.01%
4,300
+3,600
+514% +$201K
FAS icon
338
Direxion Daily Financial Bull 3x ETF
FAS
$2.5B
$222K ﹤0.01%
+1,406
New +$232K
PPLT
339
CALL
abrdn Physical Platinum Shares ETF
PPLT
$2B
$219K ﹤0.01%
+24,000
New +$213K
NVDX icon
340
PUT
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$500M
$219K ﹤0.01%
26,500
-65,500
-71% -$758K
GRRR
341
Gorilla Technology Group
GRRR
$333M
$218K ﹤0.01%
7,370
-888
-11% -$20.1K
AQWA icon
342
CALL
Global X Clean Water ETF
AQWA
$23M
$214K ﹤0.01%
+12,600
New +$215K
METU
343
Direxion Daily META Bull 2X ETF
METU
$369M
$214K ﹤0.01%
7,032
+6,197
+742% +$245K
MSTZ
344
T-Rex 2X Inverse MSTR Daily Target ETF
MSTZ
$101M
$212K ﹤0.01%
15,137
+11,166
+281% +$196K
LLYX
345
CALL
Defiance Daily Target 2x Long LLY ETF
LLYX
$50.2M
$212K ﹤0.01%
10,800
+5,600
+108% +$115K
TMF icon
346
CALL
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.2B
$212K ﹤0.01%
+5,800
New +$243K
CALF icon
347
CALL
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.77B
$210K ﹤0.01%
5,600
-2,500
-31% -$104K
VEON icon
348
PUT
VEON
VEON
$3.78B
$209K ﹤0.01%
4,800
-2,000
-29% -$88.9K
BRCC icon
349
CALL
BRC Inc
BRCC
$118M
$209K ﹤0.01%
100,000
-400
-0.4% -$1.02K
PALL icon
350
CALL
abrdn Physical Palladium Shares ETF
PALL
$661M
$208K ﹤0.01%
+11,500
New +$202K
12 13
14
15 16

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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
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.