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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
ETQ
726
PUT
DELISTED
T-Rex 2X Inverse Ether Daily Target ETF
ETQ
$33.4K ﹤0.01%
+1,000
New +$52.1K
BTCZ
727
PUT
T-Rex 2X Inverse Bitcoin Daily Target ETF
BTCZ
$23.1M
$33.3K ﹤0.01%
+11,800
New +$34.6K
FCEL icon
728
CALL
FuelCell Energy
FCEL
$1.71B
$33K ﹤0.01%
106,500
-200
-0.2% -$1.09K
GMEU
729
T-REX 2X Long GME Daily Target ETF
GMEU
$15.6M
$32.4K ﹤0.01%
1,811
-16,926
-90% -$244K
QMOM icon
730
PUT
Alpha Architect US Quantitative Momentum ETF
QMOM
$426M
$32.2K ﹤0.01%
500
-1,100
-69% -$69.9K
MVST icon
731
CALL
Microvast
MVST
$274M
$32K ﹤0.01%
8,300
-1,000
-11% -$3.12K
KORU icon
732
PUT
Direxion Daily MSCI South Korea Bull 3X ETF
KORU
$1.32B
$31.7K ﹤0.01%
6,000
+2,000
+50% +$8.77K
PSQH icon
733
CALL
PSQ Holdings
PSQH
$14.8M
$31.3K ﹤0.01%
1,093
-67
-6% -$2.04K
ALEC icon
734
Alector
ALEC
$168M
$31K ﹤0.01%
+10,486
New +$23.1K
SPMO icon
735
Invesco S&P 500 Momentum ETF
SPMO
$21.3B
$30.9K ﹤0.01%
+255
New +$29.7K
AREC icon
736
American Resources Corp
AREC
$217M
$30.3K ﹤0.01%
+11,212
New +$19.2K
DDD icon
737
CALL
3D Systems Corp
DDD
$462M
$29K ﹤0.01%
10,000
– –
IVOL icon
738
CALL
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$272M
$28.9K ﹤0.01%
+1,500
New +$29.4K
UBRL
739
GraniteShares 2x Long UBER Daily ETF
UBRL
$20.1M
$28.3K ﹤0.01%
+800
New +$26.3K
TNGX icon
740
PUT
Tango Therapeutics
TNGX
$4.43B
$27.7K ﹤0.01%
3,300
+600
+22% +$4.06K
TSLG
741
PUT
Leverage Shares 2X Long TSLA Daily ETF
TSLG
$34.4M
$27.5K ﹤0.01%
+2,600
New +$17.6K
ETHD
742
PUT
ProShares UltraShort Ether ETF
ETHD
$58.6M
$27.2K ﹤0.01%
740
+170
+30% +$9.5K
XNTK icon
743
CALL
State Street SPDR NYSE Technology ETF
XNTK
$2.11B
$27.2K ﹤0.01%
+100
New +$24.6K
VEON icon
744
CALL
VEON
VEON
$3.68B
$27.2K ﹤0.01%
500
-200
-29% -$10.7K
IAK icon
745
CALL
iShares US Insurance ETF
IAK
$537M
$26.8K ﹤0.01%
+200
New +$26.2K
GSLC icon
746
CALL
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.2B
$26.1K ﹤0.01%
+200
New +$25.2K
MEXX icon
747
CALL
Direxion Daily MSCI Mexico Bull 3X ETF
MEXX
$19.6M
$26K ﹤0.01%
+1,100
New +$20.5K
ETHD
748
ProShares UltraShort Ether ETF
ETHD
$58.6M
$25.8K ﹤0.01%
701
+691
+6,910% +$38.6K
BYND icon
749
CALL
Beyond Meat
BYND
$316M
$25.7K ﹤0.01%
13,600
– –
DBJP icon
750
PUT
Xtrackers MSCI Japan Hedged Equity ETF
DBJP
$673M
$25.5K ﹤0.01%
+300
New +$24.4K
28 29
30
31 32

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Mariner
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Focus Partners Wealth
Focus Partners Wealth Boston, Massachusetts $89.9B AUM 20.5% 1-Year Est. Return
Qube Research & Technologies (QRT)
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Squarepoint
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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
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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.