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Belvedere Trading Portfolio holdings
AUM
$87.6B
1-Year Est. Return
131.08%
This Fund
S&P 500
This Quarter
Est. Return
-8.69%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$88.7B
AUM Growth
+$5.87B
(+7.1%)
Cap. Flow
+$14.6B
Cap. Flow
% of AUM
16.42%
Top 10 Holdings %
Top 10 Hldgs %
86.79%
Holding
1,102
New
275
Increased
152
Reduced
217
Closed
425
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$195M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$158M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$39.2M |
| 4 |
Broadcom
AVGO
|
+$26.4M |
| 5 |
Meta Platforms (Facebook)
META
|
+$25.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Semiconductor ETF
SMH
|
+$144M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$135M |
| 3 |
NVIDIA
NVDA
|
+$104M |
| 4 |
Advanced Micro Devices
AMD
|
+$23.2M |
| 5 |
Super Micro Computer
SMCI
|
+$22.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 0.7% |
| 2 | Communication Services | 0.07% |
| 3 | Consumer Discretionary | 0.05% |
| 4 | Energy | 0% |
| 5 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Direxion Daily NYSE FANG+ Bull 2X ETF
FNGG
$138M
| $5.5M | 0.01% |
41,300
+39,100
| +1,777% | +$6.79M |
|
52
CALL
Western Digital
WDC
$157B
| $5.31M | 0.01% |
+126,500
| New | +$6M |
|
53
CALL
iShares Gold Trust
IAU
$65.8B
| $4.44M | 0.01% |
75,300
+74,800
| +14,960% | +$4.05M |
|
|
X
54
CALL
DELISTED
US Steel
X
| $4.34M | ﹤0.01% |
102,700
-13,500
| -12% | -$511K |
|
55
CALL
3M
MMM
$93B
| $3.82M | ﹤0.01% |
23,000
-20,400
| -47% | -$3M |
|
|
HUYA
56
PUT
Huya Inc
HUYA
$556M
| $3.57M | ﹤0.01% |
+1,113,700
| New | +$4.02M |
|
57
CALL
KraneShares CSI China Internet ETF
KWEB
$5.62B
| $3.37M | ﹤0.01% |
96,600
+14,100
| +17% | +$467K |
|
58
CALL
iShares Core S&P 500 ETF
IVV
$897B
| $3.37M | ﹤0.01% |
6,000
+5,800
| +2,900% | +$3.42M |
|
59
CALL
Baidu
BIDU
$36.9B
| $3.36M | ﹤0.01% |
36,500
+34,500
| +1,725% | +$3.1M |
|
|
ROBN
60
PUT
T-Rex 2X Long HOOD Daily Target ETF
ROBN
$90.3M
| $3.29M | ﹤0.01% |
+262,500
| New | +$5.18M |
|
61
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.28B
| $3.11M | ﹤0.01% |
326,269
+263,256
| +418% | +$4.86M |
|
62
CALL
Futu Holdings
FUTU
$14.7B
| $3.04M | ﹤0.01% |
29,700
+15,000
| +102% | +$1.54M |
|
63
CALL
2x Bitcoin ETF
BITX
$896M
| $2.93M | ﹤0.01% |
82,500
-89,400
| -52% | -$4.4M |
|
64
PUT
GE Aerospace
GE
$388B
| $2.9M | ﹤0.01% |
10,500
-72,500
| -87% | -$14.3M |
|
|
TEM
65
CALL
Tempus AI
TEM
$8.31B
| $2.81M | ﹤0.01% |
+58,300
| New | +$3.15M |
|
66
iShares Bitcoin Trust
IBIT
$47.4B
| $2.79M | ﹤0.01% |
59,552
-36,748
| -38% | -$1.95M |
|
67
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$26.2B
| $2.67M | ﹤0.01% |
13,200
+11,700
| +780% | +$2.5M |
|
68
PUT
ExxonMobil
XOM
$640B
| $2.48M | ﹤0.01% |
20,700
-200
| -1% | -$22.1K |
|
69
ProShares Ultra Bitcoin ETF
BITU
$352M
| $2.48M | ﹤0.01% |
74,433
-12,319
| -14% | -$572K |
|
70
PUT
Vanguard S&P 500 Growth ETF
VOOG
$27B
| $2.41M | ﹤0.01% |
43,200
+18,600
| +76% | +$1.13M |
|
|
71
ExxonMobil
XOM
$640B
| $2.35M | ﹤0.01% |
19,792
-4,336
| -18% | -$480K |
|
72
CALL
Novartis
NVS
$293B
| $2.16M | ﹤0.01% |
18,000
-4,500
| -20% | -$479K |
|
|
MSTX
73
CALL
Defiance Daily Target 2x Long MSTR ETF
MSTX
$151M
| $2.12M | ﹤0.01% |
6,680
-26,450
| -80% | -$10M |
|
74
PUT
C3.ai
AI
$1.53B
| $2.1M | ﹤0.01% |
+100,000
| New | +$2.84M |
|
75
CALL
GameStop
GME
$8.68B
| $2.07M | ﹤0.01% |
92,900
+37,700
| +68% | +$987K |
|
Similar funds
Belvedere Trading's Q1 2025 Portfolio in Review
As of Q1 2025, Belvedere Trading held 1,102 positions worth $88.7B, up 7.1% from $82.8B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Belvedere Trading deployed $14.6B of net new capital in Q1 2025, opening 275 new positions and adding to 152 existing holdings. Its largest new stake was Broadcom: 124,615 shares worth $20.9M.
By sector, the portfolio is most concentrated in Technology at 0.7% of assets, down from 0.76% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was NVIDIA, an estimated $104M trimmed.
- Belvedere Trading's largest Q1 2025 buy was Broadcom: 124,615 shares worth $20.9M.
- Belvedere Trading added most to Strategy Inc in Q1 2025, an estimated $195M increase.
- Belvedere Trading's biggest Q1 2025 reduction was NVIDIA, cutting an estimated $104M.
- Belvedere Trading fully exited VanEck Semiconductor ETF in Q1 2025, selling an estimated $144M.
- Belvedere Trading's ten largest holdings make up 87% of its $88.7B portfolio in Q1 2025.
- Belvedere Trading opened 275 new positions and closed 425 in Q1 2025.
- Belvedere Trading's portfolio value rose 7.1% quarter-over-quarter to $88.7B.
Based on Belvedere Trading's 13F filing for Q1 2025, filed 9 May 2025.