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Belvedere Trading

Belvedere Trading Portfolio holdings

AUM $84.4B
1-Year Est. Return 52.68%
This Fund
S&P 500
This Quarter Est. Return
-4.83%
1 Year Est. Return
+52.68%
3 Year Est. Return
+262.56%
5 Year Est. Return
+468.62%
10 Year Est. Return
–
AUM
$84.4B
AUM Growth
-$8.67B
Cap. Flow
-$6.57B
Cap. Flow %
-7.78%
Top 10 Hldgs %
86.58%
Holding
1,186
New
337
Increased
154
Reduced
218
Closed
460

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$172M
2
NVDA icon
NVIDIA
NVDA
+$144M
3
META icon
Meta Platforms (Facebook)
META
+$94.9M
4
IBIT icon
iShares Bitcoin Trust
IBIT
+$25.5M
5
MSTR icon
Strategy Inc
MSTR
+$20.7M

Top Sells

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$52M
2
SMCI icon
Super Micro Computer
SMCI
+$37.7M
3
AMD icon
Advanced Micro Devices
AMD
+$31.3M
4
AVGO icon
Broadcom
AVGO
+$29.1M
5
WDC icon
Western Digital
WDC
+$21.2M

Sector Composition

Rank Sector Weight
1 Technology 0.28%
2 Communication Services 0.1%
3 Consumer Discretionary 0.01%
4 Financials 0%
5 Materials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SOC icon
401
CALL
Sable Offshore Corp
SOC
$794M
$225K ﹤0.01%
13,600
+300
+2% +$3.5K
VTI icon
402
PUT
Vanguard Total Stock Market ETF
VTI
$656B
$225K ﹤0.01%
+700
New +$235K
AIA icon
403
CALL
iShares Asia 50 ETF
AIA
$4.4B
$223K ﹤0.01%
+2,100
New +$229K
VEON icon
404
CALL
VEON
VEON
$3.57B
$222K ﹤0.01%
4,800
+700
+17% +$36.8K
VEON icon
405
PUT
VEON
VEON
$3.57B
$222K ﹤0.01%
4,800
-1,700
-26% -$89.4K
KDEF
406
PUT
PLUS Korea Defense Industry Index ETF
KDEF
$96.7M
$221K ﹤0.01%
+4,200
New +$237K
ORCL icon
407
CALL
Oracle
ORCL
$346B
$221K ﹤0.01%
1,500
-16,000
-91% -$2.6M
IXP icon
408
PUT
iShares Global Comm Services ETF
IXP
$530M
$218K ﹤0.01%
1,900
-1,900
-50% -$228K
EWW icon
409
iShares MSCI Mexico ETF
EWW
$1.92B
$215K ﹤0.01%
2,858
-386
-12% -$29.2K
TSM icon
410
TSMC
TSM
$2.03T
$215K ﹤0.01%
+635
New +$219K
NNE
411
Nano Nuclear Energy
NNE
$837M
$214K ﹤0.01%
10,458
+9,494
+985% +$259K
PPLT
412
PUT
abrdn Physical Platinum Shares ETF
PPLT
$1.83B
$214K ﹤0.01%
12,000
-705,000
-98% -$14.1M
CIFR icon
413
PUT
Cipher Digital
CIFR
$8.35B
$214K ﹤0.01%
16,600
+1,000
+6% +$15.8K
SLVP icon
414
PUT
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$783M
$213K ﹤0.01%
6,000
-300
-5% -$12K
AMUU
415
Direxion Daily AMD Bull 2X ETF
AMUU
$76.2M
$212K ﹤0.01%
+4,981
New +$255K
DBB icon
416
Invesco DB Base Metals Fund
DBB
$305M
$209K ﹤0.01%
+8,912
New +$212K
PDD icon
417
Pinduoduo
PDD
$122B
$209K ﹤0.01%
2,048
-324
-14% -$34.1K
SPHB icon
418
PUT
Invesco S&P 500 High Beta ETF
SPHB
$965M
$209K ﹤0.01%
+1,800
New +$218K
GBTC icon
419
CALL
Grayscale Bitcoin Trust
GBTC
$9.59B
$206K ﹤0.01%
3,900
-8,900
-70% -$530K
AMLX icon
420
CALL
Amylyx Pharmaceuticals
AMLX
$2.17B
$204K ﹤0.01%
14,700
+2,800
+24% +$39.4K
EPOL icon
421
PUT
iShares MSCI Poland ETF
EPOL
$674M
$204K ﹤0.01%
+5,600
New +$205K
YMAX icon
422
PUT
YieldMax Universe Fund of Option Income ETFs
YMAX
$393M
$204K ﹤0.01%
26,000
-4,300
-14% -$38.4K
NVDX icon
423
PUT
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$421M
$203K ﹤0.01%
14,600
-46,900
-76% -$753K
DUST icon
424
CALL
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$70.9M
$203K ﹤0.01%
+34,400
New +$1.78M
Q
425
Qnity Electronics Inc
Q
$26.8B
$202K ﹤0.01%
+1,752
New +$186K
15 16
17
18 19

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Belvedere Trading's Q1 2026 Portfolio in Review

As of Q1 2026, Belvedere Trading held 1,186 positions worth $84.4B, down 9.3% from $93.1B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Belvedere Trading withdrew a net $6.57B in Q1 2026, closing 460 positions and reducing 218 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $52M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.28% of assets, up from 0.23% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Belvedere Trading opened a new position in Meta Platforms (Facebook) worth $84.7M.

  • Belvedere Trading's largest Q1 2026 buy was Meta Platforms (Facebook): 148,050 shares worth $84.7M.
  • Belvedere Trading added most to State Street SPDR S&P 500 ETF Trust in Q1 2026, an estimated $172M increase.
  • Belvedere Trading's biggest Q1 2026 reduction was Advanced Micro Devices, cutting an estimated $31.3M.
  • Belvedere Trading fully exited Invesco QQQ Trust in Q1 2026, selling an estimated $52M.
  • Belvedere Trading's ten largest holdings make up 87% of its $84.4B portfolio in Q1 2026.
  • Belvedere Trading opened 337 new positions and closed 460 in Q1 2026.
  • Belvedere Trading's portfolio value fell 9.3% quarter-over-quarter to $84.4B.

Based on Belvedere Trading's 13F filing for Q1 2026, filed 12 May 2026.