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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
YETH
701
CALL
Roundhill Ether Covered Call Strategy ETF
YETH
$59.4M
$45.3K ﹤0.01%
1,700
+1,600
+1,600% +$44.1K
TSLL icon
702
PUT
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.34B
$42.2K ﹤0.01%
+2,000
New +$27.1K
PLTW
703
Roundhill PLTR WeeklyPay ETF
PLTW
$103M
$40.9K ﹤0.01%
841
-3,543
-81% -$167K
UVXY icon
704
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$242M
$40.7K ﹤0.01%
3,060
– –
TINY icon
705
PUT
ProShares Nanotechnology ETF
TINY
$17.4M
$40.6K ﹤0.01%
+800
New +$36.5K
XSW icon
706
PUT
State Street SPDR S&P Software & Services ETF
XSW
$465M
$39.6K ﹤0.01%
+200
New +$38.2K
BTCL
707
CALL
T-Rex 2X Long Bitcoin Daily Target ETF
BTCL
$22.4M
$39.3K ﹤0.01%
700
-8,100
-92% -$474K
SIRI icon
708
SiriusXM
SIRI
$9.98B
$38.8K ﹤0.01%
1,668
+804
+93% +$18.6K
SIRI icon
709
PUT
SiriusXM
SIRI
$9.98B
$38.1K ﹤0.01%
11,200
+700
+7% +$16.2K
APLY icon
710
YieldMax AAPL Option Income Strategy ETF
APLY
$117M
$38.1K ﹤0.01%
+2,797
New +$37K
DUSL icon
711
CALL
Direxion Daily Industrials Bull 3X ETF
DUSL
$59.7M
$37.9K ﹤0.01%
+500
New +$36.2K
EPIX
712
PUT
DELISTED
ESSA Pharma
EPIX
$37.8K ﹤0.01%
+20,100
New +$24.1K
SPCE icon
713
CALL
Virgin Galactic
SPCE
$328M
$37.6K ﹤0.01%
22,100
-2,000
-8% -$6.7K
EUAD
714
CALL
Select STOXX Europe Aerospace & Defense ETF
EUAD
$1.22B
$37.6K ﹤0.01%
800
-14,300
-95% -$615K
LLYX
715
CALL
Defiance Daily Target 2x Long LLY ETF
LLYX
$46.1M
$37.5K ﹤0.01%
2,700
-42,100
-94% -$583K
MVST icon
716
Microvast
MVST
$269M
$36.4K ﹤0.01%
9,463
+3,059
+48% +$9.56K
GSAT icon
717
CALL
Globalstar
GSAT
$10.7B
$36.2K ﹤0.01%
14,200
+1,900
+15% +$54.4K
AIYY icon
718
YieldMax AI Option Income Strategy ETF
AIYY
$27.5M
$35.8K ﹤0.01%
1,392
+901
+184% +$30.3K
KOPN icon
719
CALL
Kopin
KOPN
$652M
$35.7K ﹤0.01%
+14,700
New +$30K
WGMI icon
720
PUT
CoinShares ETF Trust CoinShares Bitcoin Mining ETF
WGMI
$276M
$35.4K ﹤0.01%
800
-1,600
-67% -$48.2K
KULR icon
721
CALL
KULR Technology Group
KULR
$123M
$35.3K ﹤0.01%
65,300
+39,000
+148% +$208K
J icon
722
PUT
Jacobs Solutions
J
$15.9B
$35.1K ﹤0.01%
200
– –
TRON
723
CALL
Tron Inc
TRON
$664M
$34.2K ﹤0.01%
+17,700
New +$105K
CWAN
724
CALL
DELISTED
Clearwater Analytics
CWAN
$33.9K ﹤0.01%
+4,000
New +$81.1K
OPEN icon
725
PUT
Opendoor
OPEN
$3.64B
$33.5K ﹤0.01%
+4,340
New +$17.6K
27 28
29
30 31

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Focus Partners Wealth
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Qube Research & Technologies (QRT)
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Squarepoint
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Sanders Capital
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Mackenzie Financial
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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.