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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
+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
NFLU
401
CALL
T-Rex 2X Long NFLX Daily Target ETF
NFLU
$54.1M
$276K ﹤0.01%
8,500
+3,300
+63% +$148K
MTUM icon
402
CALL
iShares MSCI USA Momentum Factor ETF
MTUM
$25.6B
$275K ﹤0.01%
1,100
-100
-8% -$25.1K
CWVX
403
PUT
Tradr 2X Long CRWV Daily ETF
CWVX
$94.1M
$273K ﹤0.01%
14,400
+12,880
+847% +$727K
TUG icon
404
STF Tactical Growth ETF
TUG
$33.1M
$273K ﹤0.01%
+6,873
New +$276K
PDD icon
405
Pinduoduo
PDD
$128B
$269K ﹤0.01%
+2,372
New +$294K
ETH
406
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.71B
$267K ﹤0.01%
9,531
+937
+11% +$30.5K
VUG icon
407
Vanguard Morningstar Growth ETF
VUG
$225B
$267K ﹤0.01%
3,282
-14,592
-82% -$1.18M
APA icon
408
APA Corp
APA
$13B
$265K ﹤0.01%
+10,852
New +$263K
CDTX
409
CALL
DELISTED
Cidara Therapeutics
CDTX
$265K ﹤0.01%
1,200
+700
+140% +$113K
INFY icon
410
CALL
Infosys
INFY
$49.6B
$262K ﹤0.01%
+14,700
New +$254K
FPX icon
411
CALL
First Trust US Equity Opportunities ETF
FPX
$1.5B
$262K ﹤0.01%
+1,600
New +$263K
EWJ icon
412
iShares MSCI Japan ETF
EWJ
$22B
$261K ﹤0.01%
+3,230
New +$265K
DSI icon
413
PUT
iShares MSCI KLD 400 Social ETF
DSI
$5.43B
$258K ﹤0.01%
2,000
-500
-20% -$63.9K
HOOY
414
PUT
YieldMax HOOD Option Income Strategy ETF
HOOY
$128M
$256K ﹤0.01%
+5,400
New +$327K
WPC icon
415
W.P. Carey
WPC
$16.6B
$256K ﹤0.01%
+3,972
New +$265K
KYMR icon
416
Kymera Therapeutics
KYMR
$8.25B
$255K ﹤0.01%
+3,282
New +$222K
CEE
417
Central and Eastern Europe Fund
CEE
$134M
$255K ﹤0.01%
14,395
– –
NVO
418
PUT
Novo Nordisk
NVO
$208B
$254K ﹤0.01%
+5,000
New +$256K
PLTY
419
PUT
YieldMax PLTR Option Income Strategy ETF
PLTY
$308M
$253K ﹤0.01%
4,900
-8,600
-64% -$502K
HON icon
420
CALL
Honeywell
HON
$78.2B
$249K ﹤0.01%
+1,200
New +$235K
MGK icon
421
CALL
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.2B
$248K ﹤0.01%
+3,000
New +$246K
SMST
422
Defiance Daily Target 2x Short MSTR ETF
SMST
$29.7M
$247K ﹤0.01%
2,665
-4,899
-65% -$273K
IVW icon
423
CALL
iShares S&P 500 Growth ETF
IVW
$75.5B
$247K ﹤0.01%
+2,000
New +$245K
AMZZ icon
424
GraniteShares 2x Long AMZN Daily ETF
AMZZ
$53.3M
$241K ﹤0.01%
+7,654
New +$241K
TSLY icon
425
PUT
YieldMax TSLA Option Income Strategy ETF
TSLY
$658M
$240K ﹤0.01%
26,800
-10,020
-27% -$405K
15 16
17
18 19

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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.