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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
ARMU
751
CALL
DELISTED
T-REX 2X Long ARM Daily Target ETF
ARMU
$3.7K ﹤0.01%
+100
New +$2.31K
CONI
752
PUT
GraniteShares 2x Short COIN Daily ETF
CONI
$10.8M
$3.62K ﹤0.01%
+75
New +$13.4K
HPP
753
Hudson Pacific Properties
HPP
$766M
$3.61K ﹤0.01%
+188
New +$3.05K
DHT icon
754
PUT
DHT Holdings
DHT
$2.99B
$3.24K ﹤0.01%
300
– –
LCID icon
755
PUT
Lucid Motors
LCID
$3.17B
$3.17K ﹤0.01%
150
-550
-79% -$13.2K
SPCE icon
756
PUT
Virgin Galactic
SPCE
$329M
$3.08K ﹤0.01%
3,500
+900
+35% +$2.75K
BABO
757
CALL
YieldMax BABA Option Income Strategy ETF
BABO
$17.4M
$3.05K ﹤0.01%
+200
New +$3.32K
SLVR
758
PUT
Sprott Silver Miners & Physical Silver ETF
SLVR
$626M
$2.98K ﹤0.01%
+100
New +$2.57K
SOXS icon
759
CALL
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.92B
$2.69K ﹤0.01%
17
+13
+325% +$44.1K
CGC
760
Canopy Growth
CGC
$388M
$2.6K ﹤0.01%
2,131
+232
+12% +$309
LABU icon
761
PUT
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$553M
$2.56K ﹤0.01%
900
-1,500
-63% -$79.6K
CGC
762
PUT
Canopy Growth
CGC
$388M
$2.55K ﹤0.01%
20,300
– –
YETH
763
CALL
Roundhill Ether Covered Call Strategy ETF
YETH
$60.7M
$2.5K ﹤0.01%
+100
New +$2.5K
PSQH icon
764
PUT
PSQ Holdings
PSQH
$13.9M
$2.46K ﹤0.01%
80
-927
-92% -$28.4K
MSOS icon
765
PUT
AdvisorShares Pure US Cannabis ETF
MSOS
$854M
$2.41K ﹤0.01%
1,000
– –
CIFR icon
766
CALL
Cipher Digital
CIFR
$9.27B
$2.39K ﹤0.01%
500
– –
QSI icon
767
PUT
Quantum-Si Incorporated
QSI
$157M
$2.35K ﹤0.01%
+1,200
New +$1.77K
BKKT icon
768
PUT
Bakkt Inc
BKKT
$333M
$2.24K ﹤0.01%
4,000
+200
+5% +$2.21K
AIBU
769
Direxion Daily AI and Big Data Bull 2X ETF
AIBU
$22.4M
$2.22K ﹤0.01%
+53
New +$1.68K
ITUB icon
770
CALL
Itaú Unibanco
ITUB
$93B
$2.17K ﹤0.01%
+330
New +$2.01K
FLG
771
PUT
Flagstar Bank National Association
FLG
$5.94B
$2.12K ﹤0.01%
600
-29,500
-98% -$337K
BITQ icon
772
PUT
Bitwise Crypto Industry Innovators ETF
BITQ
$393M
$1.97K ﹤0.01%
+100
New +$1.56K
CGC
773
CALL
Canopy Growth
CGC
$388M
$1.91K ﹤0.01%
15,000
-3,000
-17% -$3.99K
TSLR icon
774
PUT
GraniteShares 2x Long TSLA Daily ETF
TSLR
$58.1M
$1.89K ﹤0.01%
100
-1,500
-94% -$27.7K
BOIL icon
775
CALL
ProShares Ultra Bloomberg Natural Gas
BOIL
$340M
$1.84K ﹤0.01%
100
-24,000
-100% -$2.78M
29 30
31
32 33

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Mariner
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BNP Paribas Asset Management
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US Bancorp
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Prudential Financial
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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.