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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
+34.98%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$85.5B
AUM Growth
-$3.23B
Cap. Flow
-$16.2B
Cap. Flow %
-18.92%
Top 10 Hldgs %
83.44%
Holding
1,068
New
391
Increased
157
Reduced
200
Closed
265

Top Buys

Rank Stock Value
1
SMH icon
VanEck Semiconductor ETF
SMH
+$87.7M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$84.3M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$48.6M
4
SMCI icon
Super Micro Computer
SMCI
+$35.5M
5
GLD icon
SPDR Gold Trust
GLD
+$33.5M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$272M
2
NVDA icon
NVIDIA
NVDA
+$170M
3
META icon
Meta Platforms (Facebook)
META
+$48.4M
4
AMZN icon
Amazon
AMZN
+$18.6M
5
AAPL icon
Apple
AAPL
+$13.2M

Sector Composition

Rank Sector Weight
1 Technology 0.85%
2 Consumer Discretionary 0.03%
3 Communication Services 0.02%
4 Financials 0.01%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MVST icon
476
PUT
Microvast
MVST
$269M
$143K ﹤0.01%
+39,300
New +$115K
NFE icon
477
CALL
New Fortress Energy
NFE
$92.1M
$140K ﹤0.01%
+42,100
New +$183K
AIFC
478
AI Financial Corp
AIFC
$57.6M
$138K ﹤0.01%
19,015
-93
-0.5% -$654
MMM icon
479
PUT
3M
MMM
$90.9B
$137K ﹤0.01%
800
– –
AMDY icon
480
YieldMax AMD Option Income Strategy ETF
AMDY
$387M
$135K ﹤0.01%
3,322
-358
-10% -$13.2K
SPMO icon
481
PUT
Invesco S&P 500 Momentum ETF
SPMO
$21.3B
$135K ﹤0.01%
1,200
+900
+300% +$89.8K
FNCL icon
482
CALL
Fidelity MSCI Financials Index ETF
FNCL
$2.4B
$133K ﹤0.01%
+1,800
New +$125K
MULL
483
CALL
GraniteShares 2x Long MU Daily ETF
MULL
$473M
$133K ﹤0.01%
+155,000
New +$82.5K
VIXY icon
484
CALL
ProShares VIX Short-Term Futures ETF
VIXY
$190M
$132K ﹤0.01%
+4,200
New +$242K
TARK icon
485
Tradr 2X Long Innovation ETF
TARK
$13.5M
$132K ﹤0.01%
+2,341
New +$85K
BRCC icon
486
CALL
BRC Inc
BRCC
$121M
$131K ﹤0.01%
100,000
– –
VRT icon
487
PUT
Vertiv
VRT
$93B
$128K ﹤0.01%
+1,000
New +$97.2K
MSTX
488
Defiance Daily Target 2x Long MSTR ETF
MSTX
$146M
$128K ﹤0.01%
318
-250
-44% -$88.8K
VEA icon
489
Vanguard FTSE Developed Markets ETF
VEA
$230B
$126K ﹤0.01%
+2,209
New +$118K
RLJ icon
490
RLJ Lodging Trust
RLJ
$1.86B
$125K ﹤0.01%
+17,194
New +$124K
ASPI icon
491
PUT
ASP Isotopes
ASPI
$504M
$124K ﹤0.01%
+16,800
New +$113K
SHO icon
492
Sunstone Hotel Investors
SHO
$2.19B
$123K ﹤0.01%
+14,164
New +$122K
GBTC icon
493
Grayscale Bitcoin Trust
GBTC
$9.59B
$123K ﹤0.01%
+1,446
New +$112K
DJTU
494
PUT
T-REX 2X Long DJT Daily Target ETF
DJTU
$12.9M
$122K ﹤0.01%
+1,100
New +$198K
AGQ icon
495
ProShares Ultra Silver
AGQ
$1.14B
$121K ﹤0.01%
2,558
-19,072
-88% -$805K
SPXS icon
496
Direxion Daily S&P 500 Bear 3x ETF
SPXS
$325M
$120K ﹤0.01%
2,552
-1,759
-41% -$108K
NVDG
497
Leverage Shares 2X Long NVDA Daily ETF
NVDG
$43.5M
$119K ﹤0.01%
+7,896
New +$79.2K
SVOL icon
498
Simplify Volatility Premium ETF
SVOL
$521M
$118K ﹤0.01%
+6,427
New +$110K
CSGP icon
499
CALL
CoStar Group
CSGP
$11.7B
$118K ﹤0.01%
21,100
-6,300
-23% -$491K
XYLD icon
500
PUT
Global X S&P 500 Covered Call ETF
XYLD
$3.26B
$117K ﹤0.01%
+3,000
New +$115K
18 19
20
21 22

Similar funds

BNP Paribas Asset Management
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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 Q2 2025 Portfolio in Review

As of Q2 2025, Belvedere Trading held 1,068 positions worth $85.5B, down 3.6% from $88.7B the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Belvedere Trading withdrew a net $16.2B in Q2 2025, closing 265 positions and reducing 200 holdings. Its most notable exit was Direxion Daily TSLA Bull 2X ETF, an estimated $3.11M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.85% of assets, up from 0.7% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Belvedere Trading opened a new position in VanEck Semiconductor ETF worth $105M.

  • Belvedere Trading's largest Q2 2025 buy was VanEck Semiconductor ETF: 378,298 shares worth $105M.
  • Belvedere Trading added most to iShares Bitcoin Trust in Q2 2025, an estimated $84.3M increase.
  • Belvedere Trading's biggest Q2 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $272M.
  • Belvedere Trading fully exited Direxion Daily TSLA Bull 2X ETF in Q2 2025, selling an estimated $3.11M.
  • Belvedere Trading's ten largest holdings make up 83% of its $85.5B portfolio in Q2 2025.
  • Belvedere Trading opened 391 new positions and closed 265 in Q2 2025.
  • Belvedere Trading's portfolio value fell 3.6% quarter-over-quarter to $85.5B.

Based on Belvedere Trading's 13F filing for Q2 2025, filed 1 Aug 2025.