We are live on ! Find out more
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
SLVP icon
326
CALL
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$775M
$308K ﹤0.01%
17,300
-4,600
-21% -$73.2K
PRCH icon
327
CALL
Porch Group
PRCH
$1.64B
$308K ﹤0.01%
26,100
– –
FNGS icon
328
PUT
MicroSectors FANG+ ETNs due Jan 8 2038
FNGS
$556M
$306K ﹤0.01%
4,700
-400
-8% -$22.6K
HUT
329
CALL
Hut 8
HUT
$12.1B
$306K ﹤0.01%
77,000
-200
-0.3% -$2.98K
GMEU
330
T-REX 2X Long GME Daily Target ETF
GMEU
$20.9M
$303K ﹤0.01%
+18,737
New +$447K
ITA icon
331
CALL
iShares US Aerospace & Defense ETF
ITA
$14.2B
$302K ﹤0.01%
+1,600
New +$266K
NUKZ icon
332
Range Nuclear Renaissance Index ETF
NUKZ
$767M
$300K ﹤0.01%
+5,311
New +$244K
GMEU
333
CALL
T-REX 2X Long GME Daily Target ETF
GMEU
$20.9M
$297K ﹤0.01%
+18,400
New +$439K
XXRP
334
CALL
Teucrium 2x Long Daily XRP ETF
XXRP
$87.7M
$297K ﹤0.01%
+1,020
New +$319K
CNR
335
Core Natural Resources Inc
CNR
$4.02B
$297K ﹤0.01%
4,252
-2,265
-35% -$161K
EMXC icon
336
iShares MSCI Emerging Markets ex China ETF
EMXC
$23.5B
$294K ﹤0.01%
+4,657
New +$271K
PTEC
337
CALL
DELISTED
Global X PropTech ETF
PTEC
$294K ﹤0.01%
7,900
-5,900
-43% -$209K
ARR
338
PUT
Armour Residential REIT
ARR
$2.33B
$293K ﹤0.01%
41,700
– –
VBR icon
339
CALL
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.1B
$293K ﹤0.01%
+1,500
New +$278K
BITO icon
340
ProShares Bitcoin Strategy ETF
BITO
$1.37B
$292K ﹤0.01%
+13,594
New +$280K
DAX icon
341
PUT
Global X DAX Germany ETF
DAX
$230M
$292K ﹤0.01%
+6,500
New +$273K
GRID
342
CALL
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$11.5B
$292K ﹤0.01%
+2,100
New +$261K
SKYY icon
343
CALL
First Trust Cloud Computing ETF
SKYY
$2.92B
$292K ﹤0.01%
2,400
-8,100
-77% -$885K
AMDY icon
344
PUT
YieldMax AMD Option Income Strategy ETF
AMDY
$382M
$291K ﹤0.01%
7,160
+1,060
+17% +$39.1K
QAI icon
345
CALL
NYLI Hedge Multi-Strategy Tracker ETF
QAI
$1.01B
$291K ﹤0.01%
+9,000
New +$283K
MSTY icon
346
CALL
YieldMax MSTR Option Income Strategy ETF
MSTY
$715M
$286K ﹤0.01%
2,580
+140
+6% +$15.4K
CR icon
347
CALL
Crane Co
CR
$12.3B
$285K ﹤0.01%
+1,500
New +$249K
IUSV icon
348
CALL
iShares Core S&P US Value ETF
IUSV
$27.2B
$284K ﹤0.01%
3,000
– –
ARR
349
Armour Residential REIT
ARR
$2.33B
$283K ﹤0.01%
16,864
+269
+2% +$4.32K
DFDV
350
PUT
DeFi Development Corp
DFDV
$77.1M
$281K ﹤0.01%
+14,410
New +$207K
12 13
14
15 16

Similar funds

BNP Paribas Asset Management
BNP Paribas Asset Management Paris, France $86.1B AUM 29.11% 1-Year Est. Return
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.