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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
YBTC icon
351
Roundhill Bitcoin Covered Call Strategy ETF
YBTC
$128M
$344K ﹤0.01%
7,688
+3,432
+81% +$161K
PPA icon
352
CALL
Invesco Aerospace & Defense ETF
PPA
$8.7B
$342K ﹤0.01%
2,200
-100
-4% -$14.7K
SGDJ icon
353
CALL
Sprott Junior Gold Miners ETF
SGDJ
$290M
$337K ﹤0.01%
4,700
+4,200
+840% +$236K
ASST icon
354
CALL
Strive Inc
ASST
$1.04B
$337K ﹤0.01%
+6,745
New +$641K
HACK icon
355
Amplify Cybersecurity ETF
HACK
$2.87B
$337K ﹤0.01%
+3,885
New +$330K
ETH
356
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.71B
$337K ﹤0.01%
+8,594
New +$317K
IETC icon
357
CALL
iShares US Tech Independence Focused ETF
IETC
$717M
$336K ﹤0.01%
3,300
-600
-15% -$59K
TEMT
358
PUT
Tradr 2X Long TEM Daily ETF
TEMT
$30.7M
$336K ﹤0.01%
3,600
-7,033
-66% -$533K
HOOG
359
CALL
Leverage Shares 2X Long HOOD Daily ETF
HOOG
$59.2M
$335K ﹤0.01%
+2,900
New +$208K
GOOX icon
360
T-Rex 2X Long Alphabet Daily Target ETF
GOOX
$60.4M
$335K ﹤0.01%
+7,562
New +$258K
USCI icon
361
CALL
US Commodity Index
USCI
$359M
$335K ﹤0.01%
+4,300
New +$325K
ITA icon
362
CALL
iShares US Aerospace & Defense ETF
ITA
$14.7B
$335K ﹤0.01%
1,600
– –
PTIR
363
GraniteShares 2x Long PLTR Daily ETF
PTIR
$455M
$333K ﹤0.01%
+10,251
New +$273K
MULL
364
CALL
GraniteShares 2x Long MU Daily ETF
MULL
$546M
$330K ﹤0.01%
227,500
+72,500
+47% +$65.3K
FNGS icon
365
PUT
MicroSectors FANG+ ETNs due Jan 8 2038
FNGS
$601M
$329K ﹤0.01%
4,700
– –
MSTX
366
CALL
Defiance Daily Target 2x Long MSTR ETF
MSTX
$155M
$327K ﹤0.01%
1,530
+270
+21% +$85.2K
HOOG
367
Leverage Shares 2X Long HOOD Daily ETF
HOOG
$59.2M
$327K ﹤0.01%
+2,826
New +$203K
MULL
368
GraniteShares 2x Long MU Daily ETF
MULL
$546M
$327K ﹤0.01%
+225,250
New +$203K
QUS icon
369
CALL
State Street SPDR MSCI USA StrategicFactors ETF
QUS
$1.57B
$325K ﹤0.01%
+1,900
New +$315K
GRRR
370
CALL
Gorilla Technology Group
GRRR
$339M
$323K ﹤0.01%
17,500
-7,400
-30% -$136K
CIFR icon
371
Cipher Digital
CIFR
$8.37B
$318K ﹤0.01%
25,297
+12,610
+99% +$95.1K
DSI icon
372
PUT
iShares MSCI KLD 400 Social ETF
DSI
$5.55B
$315K ﹤0.01%
+2,500
New +$302K
RBLX icon
373
Roblox
RBLX
$26.7B
$315K ﹤0.01%
+2,271
New +$282K
QBTX
374
Tradr 2X Long QBTS Daily ETF
QBTX
$106M
$313K ﹤0.01%
6,000
-1,785
-23% -$58.1K
SGOV icon
375
CALL
iShares 0-3 Month Treasury Bond ETF
SGOV
$100B
$312K ﹤0.01%
3,100
-700
-18% -$70.4K
13 14
15
16 17

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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
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Mackenzie Financial
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US Bancorp
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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.