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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
CRCA
326
PUT
ProShares Ultra CRCL
CRCA
$73M
$386K ﹤0.01%
+2,640
New +$425K
NLR icon
327
VanEck Uranium + Nuclear Energy ETF
NLR
$3.96B
$383K ﹤0.01%
2,827
-3,077
-52% -$367K
HDB icon
328
CALL
HDFC Bank
HDB
$124B
$383K ﹤0.01%
+5,600
New +$206K
TSM icon
329
TSMC
TSM
$2.11T
$383K ﹤0.01%
+1,371
New +$335K
MP icon
330
MP Materials
MP
$7.8B
$382K ﹤0.01%
+5,691
New +$358K
SOFI icon
331
SoFi Technologies
SOFI
$23.3B
$381K ﹤0.01%
+14,418
New +$342K
GRID
332
CALL
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$11.8B
$378K ﹤0.01%
2,500
+400
+19% +$57.5K
GDXY
333
YieldMax Gold Miners Option Income Strategy ETF
GDXY
$212M
$375K ﹤0.01%
+21,232
New +$332K
VGT icon
334
CALL
Vanguard Information Technology ETF
VGT
$141B
$373K ﹤0.01%
4,000
+800
+25% +$69.9K
SIL icon
335
PUT
Global X Silver Miners ETF NEW
SIL
$4.07B
$372K ﹤0.01%
5,200
+100
+2% +$5.61K
APLX
336
PUT
Tradr 2X Long APLD Daily ETF
APLX
$65M
$372K ﹤0.01%
+18,000
New +$313K
PLTW
337
PUT
Roundhill PLTR WeeklyPay ETF
PLTW
$103M
$370K ﹤0.01%
7,600
-3,600
-32% -$170K
QTEC icon
338
PUT
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.63B
$367K ﹤0.01%
1,600
+100
+7% +$21.7K
RIOX
339
CALL
Defiance Daily Target 2X Long RIOT ETF
RIOX
$17.9M
$365K ﹤0.01%
3,633
-13,367
-79% -$810K
CRWG
340
Leverage Shares 2X Long CRWV Daily ETF
CRWG
$144M
$363K ﹤0.01%
+2,683
New +$257K
VIXY icon
341
ProShares VIX Short-Term Futures ETF
VIXY
$190M
$357K ﹤0.01%
11,053
+5,490
+99% +$212K
IONQ icon
342
PUT
IonQ
IONQ
$14.5B
$357K ﹤0.01%
5,800
-600
-9% -$28.2K
JPO
343
YieldMax JP Option Income Strategy ETF
JPO
$50.6M
$354K ﹤0.01%
+20,390
New +$344K
NEBX
344
CALL
Tradr 2X Long NBIS Daily ETF
NEBX
$236M
$353K ﹤0.01%
+16,500
New +$288K
BITO icon
345
PUT
ProShares Bitcoin Strategy ETF
BITO
$1.42B
$352K ﹤0.01%
17,900
-600
-3% -$12.5K
LCID icon
346
CALL
Lucid Motors
LCID
$3B
$352K ﹤0.01%
146,000
+141,870
+3,435% +$3.21M
SNDK
347
CALL
Sandisk
SNDK
$191B
$348K ﹤0.01%
+3,100
New +$181K
ETHT
348
CALL
ProShares Ultra Ether ETF
ETHT
$179M
$347K ﹤0.01%
+4,100
New +$362K
QQQM icon
349
CALL
Invesco NASDAQ 100 ETF
QQQM
$99B
$346K ﹤0.01%
1,400
-2,300
-62% -$542K
SQNS
350
CALL
Sequans Communications SA
SQNS
$36.5M
$345K ﹤0.01%
+298,200
New +$4.57M
12 13
14
15 16

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Focus Partners Wealth
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Qube Research & Technologies (QRT)
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Sanders Capital
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Mackenzie Financial
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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.