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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
XSD icon
651
PUT
State Street SPDR S&P Semiconductor ETF
XSD
$2.69B
$25.7K ﹤0.01%
100
– –
UVXY icon
652
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$234M
$25.3K ﹤0.01%
270
-8,147
-97% -$1.08M
EMXC icon
653
CALL
iShares MSCI Emerging Markets ex China ETF
EMXC
$23.2B
$25.3K ﹤0.01%
+400
New +$23.3K
FCEL icon
654
CALL
FuelCell Energy
FCEL
$1.89B
$25.2K ﹤0.01%
106,700
-800
-0.7% -$3.88K
SGDJ icon
655
CALL
Sprott Junior Gold Miners ETF
SGDJ
$276M
$24.9K ﹤0.01%
+500
New +$23.4K
SVIX icon
656
CALL
-1x Short VIX Futures ETF
SVIX
$169M
$24.8K ﹤0.01%
1,600
+200
+14% +$2.77K
CMTL icon
657
CALL
Comtech Telecommunications
CMTL
$50.9M
$24.5K ﹤0.01%
10,000
-9,000
-47% -$16.2K
KULR icon
658
CALL
KULR Technology Group
KULR
$120M
$24.5K ﹤0.01%
+26,300
New +$249K
MJ icon
659
CALL
Amplify Alternative Harvest ETF
MJ
$101M
$24.4K ﹤0.01%
12,800
+200
+2% +$3.77K
MSTZ
660
CALL
T-Rex 2X Inverse MSTR Daily Target ETF
MSTZ
$95.4M
$24.2K ﹤0.01%
5,800
+1,400
+32% +$8.78K
SIRI icon
661
PUT
SiriusXM
SIRI
$10.4B
$24.1K ﹤0.01%
10,500
-100
-0.9% -$2.15K
MTUM icon
662
CALL
iShares MSCI USA Momentum Factor ETF
MTUM
$24.9B
$24K ﹤0.01%
100
– –
SMST
663
Defiance Daily Target 2x Short MSTR ETF
SMST
$27.7M
$23.8K ﹤0.01%
994
-1,152
-54% -$41.8K
AVL
664
Direxion Daily AVGO Bull 2X ETF
AVL
$199M
$23.7K ﹤0.01%
+610
New +$15.5K
SOUN icon
665
PUT
SoundHound AI
SOUN
$2.68B
$23.6K ﹤0.01%
2,200
-2,500
-53% -$23.6K
MVST icon
666
Microvast
MVST
$267M
$23.2K ﹤0.01%
+6,404
New +$18.7K
OCFT
667
CALL
DELISTED
OneConnect Financial Technology
OCFT
$23K ﹤0.01%
3,200
-100
-3% -$666
QQQM icon
668
PUT
Invesco NASDAQ 100 ETF
QQQM
$96B
$22.7K ﹤0.01%
100
– –
NOTV
669
CALL
DELISTED
Inotiv
NOTV
$21.8K ﹤0.01%
12,000
– –
AIYY icon
670
YieldMax AI Option Income Strategy ETF
AIYY
$26.6M
$21.3K ﹤0.01%
+491
New +$22.3K
LVWR icon
671
PUT
LiveWire
LVWR
$422M
$21.2K ﹤0.01%
+4,600
New +$13.8K
YMAX icon
672
YieldMax Universe Fund of Option Income ETFs
YMAX
$388M
$20.9K ﹤0.01%
+1,521
New +$20.2K
ILMN icon
673
PUT
Illumina
ILMN
$31B
$20.8K ﹤0.01%
200
– –
MSTX
674
PUT
Defiance Daily Target 2x Long MSTR ETF
MSTX
$162M
$20.2K ﹤0.01%
50
-1,930
-97% -$686K
MRNY icon
675
YieldMax MRNA Option Income Strategy ETF
MRNY
$109M
$20.1K ﹤0.01%
853
+120
+16% +$2.96K
25 26
27
28 29

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.