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
+0.72%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$93.1B
AUM Growth
+$6.26B
Cap. Flow
-$9.32B
Cap. Flow %
-10%
Top 10 Hldgs %
81.34%
Holding
1,246
New
362
Increased
207
Reduced
237
Closed
397

Top Buys

Rank Stock Value
1
SMCI icon
Super Micro Computer
SMCI
+$32.9M
2
GLD icon
SPDR Gold Trust
GLD
+$22.2M
3
MSTR icon
Strategy Inc
MSTR
+$17.7M
4
WDC icon
Western Digital
WDC
+$11.4M
5
PLTR icon
Palantir
PLTR
+$9.83M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$188M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$171M
3
NVDA icon
NVIDIA
NVDA
+$145M
4
AVGO icon
Broadcom
AVGO
+$96.9M
5
IBIT icon
iShares Bitcoin Trust
IBIT
+$92.3M

Sector Composition

Rank Sector Weight
1 Technology 0.23%
2 Consumer Discretionary 0.01%
3 Industrials 0.01%
4 Financials 0.01%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XSW icon
326
PUT
State Street SPDR S&P Software & Services ETF
XSW
$465M
$374K ﹤0.01%
2,000
+1,800
+900% +$346K
SOLT
327
2x Solana ETF
SOLT
$115M
$373K ﹤0.01%
2,926
+373
+15% +$96.5K
OUNZ icon
328
CALL
VanEck Merk Gold Trust
OUNZ
$2.51B
$373K ﹤0.01%
+9,000
New +$360K
RGTX
329
CALL
Defiance Daily Target 2X Long RGTI ETF
RGTX
$58.7M
$368K ﹤0.01%
+7,575
New +$1.16M
NVOX
330
Defiance Daily Target 2x Long NVO ETF
NVOX
$36.4M
$367K ﹤0.01%
16,780
+10,116
+152% +$235K
CCCX
331
DELISTED
Churchill Capital Corp X
CCCX
$367K ﹤0.01%
+23,541
New +$396K
AVUV icon
332
CALL
Avantis US Small Cap Value ETF
AVUV
$30.9B
$367K ﹤0.01%
3,600
-500
-12% -$50K
CRWL
333
GraniteShares 2x Long CRWD Daily ETF
CRWL
$47M
$366K ﹤0.01%
11,867
-705
-6% -$26.6K
LEN icon
334
PUT
Lennar Class A
LEN
$20.5B
$365K ﹤0.01%
3,100
-9,600
-76% -$1.16M
YBTC icon
335
Roundhill Bitcoin Covered Call Strategy ETF
YBTC
$127M
$365K ﹤0.01%
12,819
+5,131
+67% +$182K
FNGS icon
336
CALL
MicroSectors FANG+ ETNs due Jan 8 2038
FNGS
$575M
$361K ﹤0.01%
5,300
+2,900
+121% +$204K
APPX
337
CALL
Tradr 2X Long APP Daily ETF
APPX
$64.3M
$358K ﹤0.01%
3,367
-4,833
-59% -$510K
IRE
338
PUT
Defiance Daily Target 2x Long IREN ETF
IRE
$267M
$357K ﹤0.01%
+15,025
New +$761K
EA icon
339
Electronic Arts
EA
$53B
$357K ﹤0.01%
+1,746
New +$352K
XSD icon
340
State Street SPDR S&P Semiconductor ETF
XSD
$2.76B
$354K ﹤0.01%
+1,100
New +$363K
BABX icon
341
PUT
GraniteShares ETF Trust GraniteShares 2x Long BABA Daily ETF
BABX
$112M
$353K ﹤0.01%
9,800
-7,700
-44% -$353K
GOOX icon
342
T-Rex 2X Long Alphabet Daily Target ETF
GOOX
$59.4M
$353K ﹤0.01%
5,055
-2,507
-33% -$151K
EETH icon
343
PUT
ProShares Ether Strategy ETF
EETH
$54.1M
$350K ﹤0.01%
9,400
-15,300
-62% -$765K
NBBK icon
344
PUT
NB Bancorp
NBBK
$1.02B
$349K ﹤0.01%
+25,500
New +$485K
IWD icon
345
iShares Russell 1000 Value ETF
IWD
$82.5B
$347K ﹤0.01%
+1,652
New +$341K
OKLL
346
PUT
Defiance Daily Target 2x Long OKLO ETF
OKLL
$143M
$347K ﹤0.01%
+20,700
New +$1.13M
RDTL
347
GraniteShares 2x Long RDDT Daily ETF
RDTL
$40.5M
$343K ﹤0.01%
6,835
-8,173
-54% -$366K
REKT
348
DELISTED
Direxion Daily Crypto Industry Bear 1X ETF
REKT
$343K ﹤0.01%
+18,467
New +$302K
VEON icon
349
PUT
VEON
VEON
$3.68B
$342K ﹤0.01%
6,500
+2,500
+63% +$127K
LEU icon
350
CALL
Centrus Energy
LEU
$3.62B
$340K ﹤0.01%
+1,400
New +$423K
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 Q4 2025 Portfolio in Review

As of Q4 2025, Belvedere Trading held 1,246 positions worth $93.1B, up 7.2% from $86.9B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Belvedere Trading withdrew a net $9.32B in Q4 2025, closing 397 positions and reducing 237 holdings. Its most notable exit was Tesla, an estimated $188M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.23% of assets, down from 0.5% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Belvedere Trading opened a new position in SPDR Gold Trust worth $23M.

  • Belvedere Trading's largest Q4 2025 buy was SPDR Gold Trust: 58,131 shares worth $23M.
  • Belvedere Trading added most to Super Micro Computer in Q4 2025, an estimated $32.9M increase.
  • Belvedere Trading's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $171M.
  • Belvedere Trading fully exited Tesla in Q4 2025, selling an estimated $188M.
  • Belvedere Trading's ten largest holdings make up 81% of its $93.1B portfolio in Q4 2025.
  • Belvedere Trading opened 362 new positions and closed 397 in Q4 2025.
  • Belvedere Trading's portfolio value rose 7.2% quarter-over-quarter to $93.1B.

Based on Belvedere Trading's 13F filing for Q4 2025, filed 10 Feb 2026.