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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
-8.69%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$88.7B
AUM Growth
+$5.87B
Cap. Flow
+$14.6B
Cap. Flow %
16.42%
Top 10 Hldgs %
86.79%
Holding
1,102
New
275
Increased
152
Reduced
217
Closed
425

Top Buys

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$195M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$158M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$39.2M
4
AVGO icon
Broadcom
AVGO
+$26.4M
5
META icon
Meta Platforms (Facebook)
META
+$25.1M

Top Sells

Rank Stock Value
1
SMH icon
VanEck Semiconductor ETF
SMH
+$144M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$135M
3
NVDA icon
NVIDIA
NVDA
+$104M
4
AMD icon
Advanced Micro Devices
AMD
+$23.2M
5
SMCI icon
Super Micro Computer
SMCI
+$22.3M

Sector Composition

Rank Sector Weight
1 Technology 0.7%
2 Communication Services 0.07%
3 Consumer Discretionary 0.05%
4 Energy 0%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SMH icon
26
CALL
VanEck Semiconductor ETF
SMH
$72.2B
$247M 0.28%
1,168,600
+701,400
+150% +$168M
AMD icon
27
CALL
Advanced Micro Devices
AMD
$802B
$176M 0.2%
1,716,800
+698,300
+69% +$77.6M
AVGO icon
28
PUT
Broadcom
AVGO
$2.01T
$175M 0.2%
+1,045,700
New +$221M
SLV icon
29
CALL
iShares Silver Trust
SLV
$29.6B
$153M 0.17%
4,933,500
-2,177,400
-31% -$63.3M
SMCI icon
30
CALL
Super Micro Computer
SMCI
$19.4B
$144M 0.16%
4,217,100
+2,893,200
+219% +$110M
SMCI icon
31
PUT
Super Micro Computer
SMCI
$19.4B
$121M 0.14%
3,521,400
+1,307,200
+59% +$49.6M
AVGO icon
32
CALL
Broadcom
AVGO
$2.01T
$101M 0.11%
+604,200
New +$128M
SLV icon
33
PUT
iShares Silver Trust
SLV
$29.6B
$70.9M 0.08%
2,287,800
-537,700
-19% -$15.6M
META icon
34
Meta Platforms (Facebook)
META
$1.5T
$59.4M 0.07%
102,979
+38,885
+61% +$25.1M
AMD icon
35
Advanced Micro Devices
AMD
$802B
$50.1M 0.06%
487,717
-208,967
-30% -$23.2M
IWM icon
36
iShares Russell 2000 ETF
IWM
$82.3B
$39.9M 0.05%
200,248
+180,586
+918% +$39.2M
AMZN icon
37
Amazon
AMZN
$2.93T
$33.4M 0.04%
175,306
+58,897
+51% +$12.8M
IBIT icon
38
CALL
iShares Bitcoin Trust
IBIT
$47.5B
$29.9M 0.03%
638,500
+638,000
+127,600% +$33.8M
COIN icon
39
CALL
Coinbase
COIN
$38.8B
$21.1M 0.02%
122,800
+30,600
+33% +$7.41M
AVGO icon
40
Broadcom
AVGO
$2.01T
$20.9M 0.02%
+124,615
New +$26.4M
AAPL icon
41
Apple
AAPL
$4.55T
$20.3M 0.02%
+91,585
New +$21.2M
COIN icon
42
PUT
Coinbase
COIN
$38.8B
$18.2M 0.02%
105,400
+10,200
+11% +$2.47M
IBIT icon
43
PUT
iShares Bitcoin Trust
IBIT
$47.5B
$13.4M 0.02%
285,400
+210,400
+281% +$11.1M
BABA icon
44
CALL
Alibaba
BABA
$302B
$12.4M 0.01%
93,600
+18,200
+24% +$2.1M
BITX icon
45
PUT
2x Bitcoin ETF
BITX
$902M
$10.5M 0.01%
294,800
-125,400
-30% -$6.17M
TSLA icon
46
Tesla
TSLA
$1.25T
$10.4M 0.01%
40,160
+1,724
+4% +$575K
VUG icon
47
CALL
Vanguard Morningstar Growth ETF
VUG
$229B
$8.49M 0.01%
137,400
+130,800
+1,982% +$8.82M
VOO icon
48
Vanguard S&P 500 ETF
VOO
$1.01T
$7.46M 0.01%
14,510
+11,738
+423% +$6.35M
LLY icon
49
CALL
Eli Lilly
LLY
$1.05T
$5.78M 0.01%
7,000
-100
-1% -$83.2K
HYG icon
50
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
$5.52M 0.01%
+70,000
New +$5.56M
1
2
3 4 5

Similar funds

BNP Paribas Asset Management
BNP Paribas Asset Management Paris, France $86.1B AUM 29.11% 1-Year Est. Return
Mariner
Mariner Overland Park, Kansas $85.7B AUM 24.21% 1-Year Est. Return
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 Q1 2025 Portfolio in Review

As of Q1 2025, Belvedere Trading held 1,102 positions worth $88.7B, up 7.1% from $82.8B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Belvedere Trading deployed $14.6B of net new capital in Q1 2025, opening 275 new positions and adding to 152 existing holdings. Its largest new stake was Broadcom: 124,615 shares worth $20.9M.

By sector, the portfolio is most concentrated in Technology at 0.7% of assets, down from 0.76% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was NVIDIA, an estimated $104M trimmed.

  • Belvedere Trading's largest Q1 2025 buy was Broadcom: 124,615 shares worth $20.9M.
  • Belvedere Trading added most to Strategy Inc in Q1 2025, an estimated $195M increase.
  • Belvedere Trading's biggest Q1 2025 reduction was NVIDIA, cutting an estimated $104M.
  • Belvedere Trading fully exited VanEck Semiconductor ETF in Q1 2025, selling an estimated $144M.
  • Belvedere Trading's ten largest holdings make up 87% of its $88.7B portfolio in Q1 2025.
  • Belvedere Trading opened 275 new positions and closed 425 in Q1 2025.
  • Belvedere Trading's portfolio value rose 7.1% quarter-over-quarter to $88.7B.

Based on Belvedere Trading's 13F filing for Q1 2025, filed 9 May 2025.