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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
+18%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$86.9B
AUM Growth
+$1.37B
Cap. Flow
-$8.02B
Cap. Flow %
-9.24%
Top 10 Hldgs %
82.83%
Holding
1,210
New
406
Increased
208
Reduced
217
Closed
323

Top Buys

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$139M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$108M
3
IBIT icon
iShares Bitcoin Trust
IBIT
+$48.6M
4
AVGO icon
Broadcom
AVGO
+$43.8M
5
QQQ icon
Invesco QQQ Trust
QQQ
+$24.2M

Top Sells

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$316M
2
SMH icon
VanEck Semiconductor ETF
SMH
+$112M
3
GLD icon
SPDR Gold Trust
GLD
+$35.2M
4
NVDA icon
NVIDIA
NVDA
+$30.6M
5
SMCI icon
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
LCID icon
576
PUT
Lucid Motors
LCID
$3B
$109K ﹤0.01%
44,900
+44,750
+29,833% +$1.01M
BKKT icon
577
Bakkt Inc
BKKT
$329M
$109K ﹤0.01%
3,239
+1,909
+144% +$26.3K
SPWH icon
578
CALL
Sportsman's Warehouse
SPWH
$44.9M
$109K ﹤0.01%
39,300
-2,300
-6% -$7.34K
MSTY icon
579
YieldMax MSTR Option Income Strategy ETF
MSTY
$745M
$108K ﹤0.01%
1,553
+557
+56% +$50.7K
DOUG icon
580
CALL
Douglas Elliman
DOUG
$158M
$108K ﹤0.01%
+37,900
New +$99.4K
FBY icon
581
YieldMax META Option Income Strategy ETF
FBY
$106M
$107K ﹤0.01%
+6,807
New +$112K
LFVN icon
582
PUT
LifeVantage
LFVN
$83M
$106K ﹤0.01%
+10,900
New +$136K
SGDM icon
583
PUT
Sprott Gold Miners ETF
SGDM
$558M
$105K ﹤0.01%
+1,700
New +$86.4K
OPEN icon
584
CALL
Opendoor
OPEN
$3.8B
$105K ﹤0.01%
+13,640
New +$55.3K
BKCH icon
585
CALL
Global X Blockchain ETF
BKCH
$215M
$104K ﹤0.01%
1,200
-600
-33% -$38.7K
AAPU icon
586
PUT
Direxion Daily AAPL Bull 2X ETF
AAPU
$144M
$103K ﹤0.01%
+3,200
New +$83.8K
MEXX icon
587
Direxion Daily MSCI Mexico Bull 3X ETF
MEXX
$19.6M
$97.9K ﹤0.01%
+4,147
New +$77.4K
AMDY icon
588
PUT
YieldMax AMD Option Income Strategy ETF
AMDY
$387M
$97.3K ﹤0.01%
2,520
-4,640
-65% -$191K
XYZY
589
PUT
YieldMax XYZ Option Income Strategy ETF
XYZY
$45.4M
$97K ﹤0.01%
+2,220
New +$109K
DPRO
590
CALL
Draganfly
DPRO
$156M
$96.9K ﹤0.01%
+11,900
New +$59K
BMNU
591
T-REX 2X Long BMNR Daily Target ETF
BMNU
$226M
$96.5K ﹤0.01%
+349
New +$94.7K
LAC
592
PUT
Lithium Americas
LAC
$1.05B
$96.3K ﹤0.01%
+12,600
New +$39.8K
ZVRA icon
593
PUT
Zevra Therapeutics
ZVRA
$594M
$96.1K ﹤0.01%
+10,100
New +$101K
XSD icon
594
PUT
State Street SPDR S&P Semiconductor ETF
XSD
$2.76B
$95.7K ﹤0.01%
300
+200
+200% +$56.6K
HPP
595
CALL
Hudson Pacific Properties
HPP
$786M
$95.5K ﹤0.01%
4,943
– –
KPTI icon
596
Karyopharm Therapeutics
KPTI
$44.6M
$95.2K ﹤0.01%
+14,563
New +$78.4K
SPYQ
597
CALL
Tradr 2X Long SPY Quarterly ETF
SPYQ
$14.7M
$94.1K ﹤0.01%
+600
New +$87.8K
LION icon
598
Lionsgate Studios
LION
$3.94B
$93.1K ﹤0.01%
+13,493
New +$86.8K
UGL icon
599
CALL
ProShares Ultra Gold
UGL
$645M
$92.1K ﹤0.01%
2,000
– –
ETHD
600
CALL
ProShares UltraShort Ether ETF
ETHD
$58.6M
$91.6K ﹤0.01%
2,490
+690
+38% +$38.6K
22 23
24
25 26

Similar funds

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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 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.