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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
+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
KOLD icon
351
ProShares UltraShort Bloomberg Natural Gas
KOLD
$115M
$279K ﹤0.01%
+10,883
New +$262K
CRPT icon
352
PUT
First Trust SkyBridge Crypto Industry and Digital Economy ETF
CRPT
$82.2M
$279K ﹤0.01%
+12,000
New +$210K
BOIL icon
353
ProShares Ultra Bloomberg Natural Gas
BOIL
$344M
$278K ﹤0.01%
+3,014
New +$349K
DFDV
354
CALL
DeFi Development Corp
DFDV
$77.1M
$277K ﹤0.01%
+14,190
New +$204K
BBH icon
355
PUT
VanEck Biotech ETF
BBH
$400M
$276K ﹤0.01%
+1,800
New +$268K
IONQ icon
356
PUT
IonQ
IONQ
$13.6B
$275K ﹤0.01%
+6,400
New +$214K
NFLU
357
PUT
T-Rex 2X Long NFLX Daily Target ETF
NFLU
$54.1M
$275K ﹤0.01%
3,700
+2,200
+147% +$120K
VONG icon
358
CALL
Vanguard Russell 1000 Growth ETF
VONG
$42.8B
$273K ﹤0.01%
2,500
-5,700
-70% -$561K
UCC icon
359
CALL
ProShares Ultra Consumer Discretionary
UCC
$10.5M
$271K ﹤0.01%
6,000
-200
-3% -$8.12K
ETHD
360
CALL
ProShares UltraShort Ether ETF
ETHD
$49.4M
$269K ﹤0.01%
1,800
-790
-31% -$240K
BKCH icon
361
PUT
Global X Blockchain ETF
BKCH
$212M
$269K ﹤0.01%
5,100
-7,400
-59% -$306K
VEON icon
362
PUT
VEON
VEON
$3.62B
$267K ﹤0.01%
5,800
+1,000
+21% +$46K
DJTU
363
CALL
T-REX 2X Long DJT Daily Target ETF
DJTU
$14.1M
$267K ﹤0.01%
+2,410
New +$434K
RSPH icon
364
CALL
Invesco S&P 500 Equal Weight Health Care ETF
RSPH
$764M
$266K ﹤0.01%
+9,100
New +$259K
VGT icon
365
CALL
Vanguard Information Technology ETF
VGT
$139B
$265K ﹤0.01%
+3,200
New +$233K
INMB icon
366
CALL
INmune Bio
INMB
$46.5M
$264K ﹤0.01%
+114,500
New +$840K
VEON icon
367
VEON
VEON
$3.62B
$264K ﹤0.01%
5,728
+2,905
+103% +$134K
VXZ icon
368
CALL
iPath Series B S&P 500 VIX Mid-Term Futures ETN
VXZ
$31.1M
$263K ﹤0.01%
4,500
-1,300
-22% -$78.5K
IYM icon
369
iShares US Basic Materials ETF
IYM
$1.12B
$262K ﹤0.01%
+1,872
New +$249K
CRWV
370
CALL
CoreWeave
CRWV
$39.2B
$261K ﹤0.01%
+1,600
New +$148K
VIXY icon
371
ProShares VIX Short-Term Futures ETF
VIXY
$201M
$261K ﹤0.01%
+5,563
New +$320K
ETHA
372
iShares Ethereum Trust ETF
ETHA
$5.43B
$259K ﹤0.01%
+13,585
New +$226K
FTK icon
373
Flotek Industries
FTK
$852M
$259K ﹤0.01%
+17,544
New +$202K
AIYY icon
374
CALL
YieldMax AI Option Income Strategy ETF
AIYY
$26.9M
$259K ﹤0.01%
+5,960
New +$270K
UBRL
375
PUT
GraniteShares 2x Long UBER Daily ETF
UBRL
$18.6M
$257K ﹤0.01%
+7,700
New +$208K
13 14
15
16 17

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 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.