Belvedere Trading Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Semiconductor ETF
SMH
|
+$87.7M |
| 2 |
iShares Bitcoin Trust
IBIT
|
+$84.3M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$48.6M |
| 4 |
Super Micro Computer
SMCI
|
+$35.5M |
| 5 |
SPDR Gold Trust
GLD
|
+$33.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$272M |
| 2 |
NVIDIA
NVDA
|
+$170M |
| 3 |
Meta Platforms (Facebook)
META
|
+$48.4M |
| 4 |
Amazon
AMZN
|
+$18.6M |
| 5 |
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% |
Similar funds
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.