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Belvedere Trading

Belvedere Trading Portfolio holdings

AUM $84.4B
1-Year Est. Return 52.68%
This Fund
S&P 500
This Quarter Est. Return
+34.98%
1 Year Est. Return
+52.68%
3 Year Est. Return
+262.56%
5 Year Est. Return
+468.62%
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
UMAC icon
501
CALL
Unusual Machines
UMAC
$1.02B
$116K ﹤0.01%
+13,500
New +$85.1K
CIB icon
502
PUT
Grupo Cibest SA
CIB
$22.3B
$115K ﹤0.01%
+2,500
New +$104K
VOO icon
503
PUT
Vanguard S&P 500 ETF
VOO
$978B
$114K ﹤0.01%
+200
New +$105K
NUKZ icon
504
CALL
Range Nuclear Renaissance Index ETF
NUKZ
$769M
$113K ﹤0.01%
+2,000
New +$92K
TDOC icon
505
Teladoc Health
TDOC
$1.23B
$113K ﹤0.01%
+12,944
New +$93.8K
FINV
506
CALL
FinVolution Group
FINV
$1.15B
$112K ﹤0.01%
+11,800
New +$101K
APLD icon
507
PUT
Applied Digital
APLD
$7.94B
$112K ﹤0.01%
+11,100
New +$81.9K
ITA icon
508
iShares US Aerospace & Defense ETF
ITA
$14.2B
$111K ﹤0.01%
+589
New +$97.8K
TDUP icon
509
ThredUp
TDUP
$743M
$111K ﹤0.01%
+14,822
New +$87.1K
MSTY icon
510
YieldMax MSTR Option Income Strategy ETF
MSTY
$717M
$110K ﹤0.01%
996
-3,952
-80% -$434K
DHT icon
511
DHT Holdings
DHT
$3B
$109K ﹤0.01%
10,065
+6,223
+162% +$68.6K
MSTZ
512
T-Rex 2X Inverse MSTR Daily Target ETF
MSTZ
$103M
$105K ﹤0.01%
25,051
+9,914
+65% +$62.2K
QMOM icon
513
PUT
Alpha Architect US Quantitative Momentum ETF
QMOM
$424M
$104K ﹤0.01%
+1,600
New +$96.1K
NFE icon
514
New Fortress Energy
NFE
$93.1M
$103K ﹤0.01%
+31,108
New +$135K
SOUN icon
515
SoundHound AI
SOUN
$2.68B
$102K ﹤0.01%
9,535
+1,986
+26% +$18.7K
FIAT
516
PUT
YieldMax Short COIN Option Income Strategy ETF
FIAT
$36.8M
$102K ﹤0.01%
+2,970
New +$187K
FBL icon
517
PUT
GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF
FBL
$149M
$101K ﹤0.01%
2,200
-9,700
-82% -$323K
ECHO
518
EchoStar
ECHO
$24.5B
$101K ﹤0.01%
+3,629
New +$79.7K
HWKN icon
519
CALL
Hawkins
HWKN
$2.56B
$99.5K ﹤0.01%
+700
New +$88.1K
COGT icon
520
Cogent Biosciences
COGT
$6.73B
$98.6K ﹤0.01%
+13,727
New +$76.1K
VTEI icon
521
PUT
Vanguard Intermediate-Term Tax-Exempt Bond ETF
VTEI
$1.48B
$98.6K ﹤0.01%
+1,000
New +$97.9K
FIAT
522
YieldMax Short COIN Option Income Strategy ETF
FIAT
$36.8M
$98.4K ﹤0.01%
+2,861
New +$180K
AVGX
523
Defiance Daily Target 2X Long AVGO ETF
AVGX
$249M
$95K ﹤0.01%
2,650
-2,693
-50% -$63K
RIOX
524
PUT
Defiance Daily Target 2X Long RIOT ETF
RIOX
$15M
$94.9K ﹤0.01%
2,133
+1,233
+137% +$34.3K
BKCH icon
525
CALL
Global X Blockchain ETF
BKCH
$214M
$94.8K ﹤0.01%
1,800
+1,700
+1,700% +$70.3K
19 20
21
22 23

Similar funds

Sanders Capital
Sanders Capital West Palm Beach, Florida $83.9B AUM 37.89% 1-Year Est. Return
Squarepoint
Squarepoint New York $85.1B AUM 20.93% 1-Year Est. Return
Mackenzie Financial
Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return
Mariner
Mariner Overland Park, Kansas $85.7B AUM 24.21% 1-Year Est. Return
BNP Paribas Asset Management
BNP Paribas Asset Management Paris, France $86.1B AUM 29.11% 1-Year Est. Return
US Bancorp
US Bancorp Minneapolis, Minnesota $82.4B AUM 19.69% 1-Year Est. Return
Prudential Financial
Prudential Financial Newark, New Jersey $81.2B AUM 27.81% 1-Year Est. Return
Focus Partners Wealth
Focus Partners Wealth Boston, Massachusetts $89.9B AUM 20.5% 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.