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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
LNZA icon
701
CALL
LanzaTech
LNZA
$59.4M
$13.3K ﹤0.01%
490
– –
PSQH icon
702
PSQ Holdings
PSQH
$13.9M
$12.8K ﹤0.01%
416
+119
+40% +$3.64K
TPST icon
703
CALL
Tempest Therapeutics
TPST
$13.8M
$12.4K ﹤0.01%
+23,400
New +$166K
KBWP icon
704
Invesco KBW Property & Casualty Insurance ETF
KBWP
$269M
$12.3K ﹤0.01%
+100
New +$12.1K
BKLC icon
705
PUT
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.45B
$11.8K ﹤0.01%
+300
New +$10.9K
BYND icon
706
Beyond Meat
BYND
$286M
$11.5K ﹤0.01%
+3,301
New +$9.56K
SIRI icon
707
CALL
SiriusXM
SIRI
$10.4B
$11.5K ﹤0.01%
1,300
-400
-24% -$8.61K
AEVA
708
CALL
Aeva Technologies
AEVA
$1.13B
$11.3K ﹤0.01%
+300
New +$4.56K
JUCY icon
709
Aptus Enhanced Yield ETF
JUCY
$316M
$11.1K ﹤0.01%
+498
New +$11.2K
DDD icon
710
PUT
3D Systems Corp
DDD
$441M
$10.8K ﹤0.01%
+7,000
New +$12.7K
AVGX
711
PUT
Defiance Daily Target 2X Long AVGO ETF
AVGX
$246M
$10.8K ﹤0.01%
300
-30,300
-99% -$709K
SLVP icon
712
PUT
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$804M
$10.7K ﹤0.01%
+600
New +$9.54K
ROAD icon
713
PUT
Construction Partners
ROAD
$5.75B
$10.6K ﹤0.01%
100
-1,500
-94% -$140K
IVOO icon
714
PUT
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.71B
$10.5K ﹤0.01%
100
– –
TSLZ icon
715
CALL
T-Rex 2X Inverse Tesla Daily Target ETF
TSLZ
$49M
$10.4K ﹤0.01%
315
-1,095
-78% -$52K
KORU icon
716
Direxion Daily MSCI South Korea Bull 3X ETF
KORU
$1.22B
$10.3K ﹤0.01%
+2,540
New +$6.4K
JAAA icon
717
PUT
Janus Henderson AAA CLO ETF
JAAA
$29.1B
$10.2K ﹤0.01%
+200
New +$10.1K
BZFD icon
718
BuzzFeed
BZFD
$99.9M
$9.85K ﹤0.01%
4,925
+510
+12% +$1.01K
JFIN
719
PUT
Jiayin Group
JFIN
$116M
$9.61K ﹤0.01%
600
-1,200
-67% -$16.3K
MARA icon
720
Marathon Digital Holdings
MARA
$4.51B
$9.39K ﹤0.01%
+599
New +$8.58K
CRPT icon
721
First Trust SkyBridge Crypto Industry and Digital Economy ETF
CRPT
$85.2M
$9.28K ﹤0.01%
+400
New +$7K
CNR
722
PUT
Core Natural Resources Inc
CNR
$4.09B
$9.26K ﹤0.01%
+100
New +$7.11K
PL icon
723
CALL
Planet Labs
PL
$7.21B
$9.15K ﹤0.01%
1,500
-104,900
-99% -$428K
AVUV icon
724
PUT
Avantis US Small Cap Value ETF
AVUV
$30.3B
$9.11K ﹤0.01%
+100
New +$8.62K
DNA icon
725
CALL
Ginkgo Bioworks
DNA
$528M
$9.02K ﹤0.01%
33,400
– –
27 28
29
30 31

Similar funds

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Squarepoint
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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
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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.