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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
SVOL icon
776
PUT
Simplify Volatility Premium ETF
SVOL
$515M
$1.84K ﹤0.01%
+100
New +$1.72K
TDUP icon
777
CALL
ThredUp
TDUP
$757M
$1.5K ﹤0.01%
+200
New +$1.18K
ETHD
778
ProShares UltraShort Ether ETF
ETHD
$46.7M
$1.5K ﹤0.01%
10
-40
-80% -$12.1K
HTZ icon
779
PUT
Hertz
HTZ
$523M
$1.37K ﹤0.01%
+200
New +$1.25K
FFAI
780
Faraday Future Intelligent Electric
FFAI
$13.7M
$1.35K ﹤0.01%
5
-9
-64% -$1.65K
FFAI
781
CALL
Faraday Future Intelligent Electric
FFAI
$13.7M
$1.35K ﹤0.01%
284
-1
-0.4% -$184
GRAB icon
782
Grab
GRAB
$13.9B
$991 ﹤0.01%
197
-1,719
-90% -$8.02K
NEGG icon
783
PUT
Newegg Commerce
NEGG
$270M
$972 ﹤0.01%
+1,200
New +$8.01K
FFAI
784
PUT
Faraday Future Intelligent Electric
FFAI
$13.7M
$840 ﹤0.01%
3
– –
AIFC
785
CALL
AI Financial Corp
AIFC
$52.1M
$724 ﹤0.01%
100
– –
AIFC
786
PUT
AI Financial Corp
AIFC
$52.1M
$724 ﹤0.01%
100
– –
COGT icon
787
CALL
Cogent Biosciences
COGT
$7.07B
$718 ﹤0.01%
+100
New +$554
BBAI icon
788
PUT
BigBear.ai
BBAI
$1.36B
$679 ﹤0.01%
100
-800
-89% -$2.89K
LAZR
789
DELISTED
Luminar Technologies
LAZR
$663 ﹤0.01%
+231
New +$878
VGT icon
790
Vanguard Information Technology ETF
VGT
$139B
$663 ﹤0.01%
+8
New +$582
STEM icon
791
PUT
Stem
STEM
$47.5M
$623 ﹤0.01%
+100
New +$897
FCEL icon
792
PUT
FuelCell Energy
FCEL
$1.89B
$418 ﹤0.01%
2,200
-200
-8% -$971
ULCC icon
793
CALL
Frontier Group Holdings
ULCC
$1.61B
$363 ﹤0.01%
+100
New +$366
ARR
794
CALL
Armour Residential REIT
ARR
$2.33B
$336 ﹤0.01%
100
– –
HPP
795
PUT
Hudson Pacific Properties
HPP
$766M
$274 ﹤0.01%
+14
New +$227
DNA icon
796
PUT
Ginkgo Bioworks
DNA
$528M
$216 ﹤0.01%
800
+300
+60% +$2.32K
KULR icon
797
PUT
KULR Technology Group
KULR
$120M
$186 ﹤0.01%
+200
New +$1.9K
GSAT icon
798
PUT
Globalstar
GSAT
$10.3B
$165 ﹤0.01%
100
– –
SOXS icon
799
PUT
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.92B
$158 ﹤0.01%
1
– –
ETHU
800
2x Ether ETF
ETHU
$762M
$113 ﹤0.01%
2
-2,212
-100% -$106K
30 31
32
33 34

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Mackenzie Financial
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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
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.