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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
(-9.3%)
Cap. Flow
-$6.57B
Cap. Flow
% of AUM
-7.78%
Top 10 Holdings %
Top 10 Hldgs %
86.58%
Holding
1,186
New
337
Increased
154
Reduced
218
Closed
460
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$172M |
| 2 |
NVIDIA
NVDA
|
+$144M |
| 3 |
Meta Platforms (Facebook)
META
|
+$94.9M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$25.5M |
| 5 |
Strategy Inc
MSTR
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$52M |
| 2 |
Super Micro Computer
SMCI
|
+$37.7M |
| 3 |
Advanced Micro Devices
AMD
|
+$31.3M |
| 4 |
Broadcom
AVGO
|
+$29.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
26
PUT
Amazon
AMZN
$2.44T
| $316M | 0.37% |
1,517,900
-695,500
| -31% | -$153M |
|
27
PUT
Palantir
PLTR
$295B
| $286M | 0.34% |
1,954,100
-147,800
| -7% | -$22.6M |
|
28
CALL
iShares Silver Trust
SLV
$27.7B
| $239M | 0.28% |
3,503,000
+1,844,400
| +111% | +$140M |
|
|
29
CALL
Palantir
PLTR
$295B
| $219M | 0.26% |
1,498,300
+14,600
| +1% | +$2.23M |
|
|
30
PUT
Strategy Inc
MSTR
$34.1B
| $192M | 0.23% |
1,535,300
-402,900
| -21% | -$57.6M |
|
|
31
CALL
Strategy Inc
MSTR
$34.1B
| $178M | 0.21% |
1,429,000
-554,200
| -28% | -$79.2M |
|
|
32
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $178M | 0.21% |
273,804
+252,250
| +1,170% | +$172M |
|
|
33
PUT
iShares Silver Trust
SLV
$27.7B
| $174M | 0.21% |
2,554,700
+856,200
| +50% | +$65.1M |
|
|
34
NVIDIA
NVDA
$4.6T
| $164M | 0.19% |
939,419
+786,763
| +515% | +$144M |
|
|
35
CALL
iShares Bitcoin Trust
IBIT
$47.2B
| $145M | 0.17% |
3,775,600
+140,400
| +4% | +$6.08M |
|
|
36
PUT
iShares Bitcoin Trust
IBIT
$47.2B
| $129M | 0.15% |
3,354,800
+991,500
| +42% | +$42.9M |
|
|
37
CALL
Super Micro Computer
SMCI
$16.6B
| $86.1M | 0.1% |
3,782,800
+642,900
| +20% | +$19.3M |
|
|
38
Meta Platforms (Facebook)
META
$1.49T
| $84.7M | 0.1% |
+148,050
| New | +$94.9M |
|
|
39
PUT
Super Micro Computer
SMCI
$16.6B
| $56M | 0.07% |
2,460,300
-1,016,000
| -29% | -$30.5M |
|
|
40
iShares Bitcoin Trust
IBIT
$47.2B
| $49M | 0.06% |
1,275,474
+589,742
| +86% | +$25.5M |
|
|
41
Strategy Inc
MSTR
$34.1B
| $38.8M | 0.05% |
310,773
+145,079
| +88% | +$20.7M |
|
42
SPDR Gold Trust
GLD
$131B
| $33.7M | 0.04% |
78,301
+20,170
| +35% | +$9.03M |
|
43
PUT
Rentokil
RTO
$14.8B
| $30.5M | 0.04% |
12,050
-1,250
| -9% | -$39.4K |
|
|
SNDK
44
PUT
Sandisk
SNDK
$150B
| $25.5M | 0.03% |
40,200
+23,300
| +138% | +$13.2M |
|
45
PUT
Marqeta
MQ
$1.93B
| $25.4M | 0.03% |
266
+111
| +72% | +$1.87K |
|
46
iShares Russell 2000 ETF
IWM
$79.1B
| $25M | 0.03% |
100,877
+45,640
| +83% | +$11.8M |
|
|
SLVR
47
Sprott Silver Miners & Physical Silver ETF
SLVR
$600M
| $22.4M | 0.03% |
378,924
+32,523
| +9% | +$2.17M |
|
|
48
CALL
Marqeta
MQ
$1.93B
| $18.5M | 0.02% |
193
+67
| +53% | +$1.13K |
|
|
49
iShares Silver Trust
SLV
$27.7B
| $16.4M | 0.02% |
241,388
+52,618
| +28% | +$4M |
|
|
50
Advanced Micro Devices
AMD
$700B
| $13.8M | 0.02% |
67,858
-146,449
| -68% | -$31.3M |
|
Similar funds
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.