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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
+18%
1 Year Est. Return
+52.68%
3 Year Est. Return
+262.56%
5 Year Est. Return
+468.62%
10 Year Est. Return
–
AUM
$86.9B
AUM Growth
+$1.37B
(+1.6%)
Cap. Flow
-$8.02B
Cap. Flow
% of AUM
-9.24%
Top 10 Holdings %
Top 10 Hldgs %
82.83%
Holding
1,210
New
406
Increased
208
Reduced
217
Closed
323
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$139M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$108M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$48.6M |
| 4 |
Broadcom
AVGO
|
+$43.8M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$24.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$316M |
| 2 |
VanEck Semiconductor ETF
SMH
|
+$112M |
| 3 |
SPDR Gold Trust
GLD
|
+$35.2M |
| 4 |
NVIDIA
NVDA
|
+$30.6M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
26
PUT
Advanced Micro Devices
AMD
$700B
| $444M | 0.51% |
2,744,200
-312,400
| -10% | -$50.4M |
|
27
PUT
Palantir
PLTR
$295B
| $346M | 0.4% |
1,896,800
+1,698,300
| +856% | +$275M |
|
|
28
PUT
iShares Bitcoin Trust
IBIT
$47.2B
| $287M | 0.33% |
4,420,700
+1,300,900
| +42% | +$84.6M |
|
|
29
CALL
Palantir
PLTR
$295B
| $274M | 0.32% |
1,503,400
+1,321,000
| +724% | +$214M |
|
|
30
CALL
iShares Bitcoin Trust
IBIT
$47.2B
| $215M | 0.25% |
3,302,400
+1,222,900
| +59% | +$79.5M |
|
|
31
Tesla
TSLA
$1.18T
| $188M | 0.22% |
423,436
+400,429
| +1,740% | +$139M |
|
|
32
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $183M | 0.21% |
274,357
+168,940
| +160% | +$108M |
|
|
33
CALL
Super Micro Computer
SMCI
$16.6B
| $181M | 0.21% |
3,766,700
-1,023,400
| -21% | -$48.9M |
|
|
34
NVIDIA
NVDA
$4.6T
| $174M | 0.2% |
931,960
-175,381
| -16% | -$30.6M |
|
|
35
iShares Bitcoin Trust
IBIT
$47.2B
| $150M | 0.17% |
2,310,424
+747,033
| +48% | +$48.6M |
|
|
36
PUT
Super Micro Computer
SMCI
$16.6B
| $148M | 0.17% |
3,085,600
-2,071,700
| -40% | -$98.9M |
|
37
CALL
iShares Silver Trust
SLV
$27.7B
| $140M | 0.16% |
3,314,800
-236,800
| -7% | -$8.5M |
|
|
38
Broadcom
AVGO
$1.76T
| $119M | 0.14% |
359,367
+142,930
| +66% | +$43.8M |
|
|
39
Invesco QQQ Trust
QQQ
$436B
| $84M | 0.1% |
139,938
+42,227
| +43% | +$24.2M |
|
|
40
PUT
iShares Silver Trust
SLV
$27.7B
| $82.6M | 0.1% |
1,949,500
-210,600
| -10% | -$7.56M |
|
|
41
Advanced Micro Devices
AMD
$700B
| $62.9M | 0.07% |
388,626
-62,292
| -14% | -$10.1M |
|
|
42
Strategy Inc
MSTR
$34.1B
| $28.6M | 0.03% |
88,649
-850,502
| -91% | -$316M |
|
43
PUT
Coinbase
COIN
$42.2B
| $26M | 0.03% |
76,900
+5,600
| +8% | +$1.9M |
|
44
PUT
Direxion Daily NYSE FANG+ Bull 2X ETF
FNGG
$111M
| $24.7M | 0.03% |
101,700
+78,800
| +344% | +$17.6M |
|
45
iShares Russell 2000 ETF
IWM
$79.1B
| $21.9M | 0.03% |
90,630
-93,765
| -51% | -$21.5M |
|
46
Amazon
AMZN
$2.44T
| $21.9M | 0.03% |
99,796
+18,502
| +23% | +$4.19M |
|
|
47
Super Micro Computer
SMCI
$16.6B
| $21.9M | 0.03% |
456,316
-463,642
| -50% | -$22.1M |
|
|
48
CALL
Coinbase
COIN
$42.2B
| $20.2M | 0.02% |
60,000
+4,800
| +9% | +$1.63M |
|
49
PUT
VanEck Junior Gold Miners ETF
GDXJ
$6.86B
| $16.4M | 0.02% |
166,100
+116,200
| +233% | +$8.93M |
|
50
Apple
AAPL
$4.97T
| $16.4M | 0.02% |
64,294
+37,984
| +144% | +$8.58M |
|
Similar funds
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.