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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
+0.72%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$93.1B
AUM Growth
+$6.26B
Cap. Flow
-$9.32B
Cap. Flow %
-10%
Top 10 Hldgs %
81.34%
Holding
1,246
New
362
Increased
207
Reduced
237
Closed
397

Top Buys

Rank Stock Value
1
SMCI icon
Super Micro Computer
SMCI
+$32.9M
2
GLD icon
SPDR Gold Trust
GLD
+$22.2M
3
MSTR icon
Strategy Inc
MSTR
+$17.7M
4
WDC icon
Western Digital
WDC
+$11.4M
5
PLTR icon
Palantir
PLTR
+$9.83M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$188M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$171M
3
NVDA icon
NVIDIA
NVDA
+$145M
4
AVGO icon
Broadcom
AVGO
+$96.9M
5
IBIT icon
iShares Bitcoin Trust
IBIT
+$92.3M

Sector Composition

Rank Sector Weight
1 Technology 0.23%
2 Consumer Discretionary 0.01%
3 Industrials 0.01%
4 Financials 0.01%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FAZ
801
CALL
Direxion Daily Financial Bear 3x ETF
FAZ
$85.1M
$3.84K ﹤0.01%
+100
New +$4.21K
ELE
802
PUT
Elemental Royalty Corp
ELE
$1.07B
$3.8K ﹤0.01%
+800
New +$12.3K
CRWG
803
PUT
Leverage Shares 2X Long CRWV Daily ETF
CRWG
$169M
$3.79K ﹤0.01%
140
-340
-71% -$25.2K
ELVR
804
PUT
Elevra Lithium Ltd
ELVR
$1.05B
$3.79K ﹤0.01%
+200
New +$6.86K
NAKA
805
Nakamoto Inc
NAKA
$87.9M
$3.56K ﹤0.01%
254
+48
+23% +$1.25K
CRWU
806
PUT
T-REX 2X Long CRWV Daily Target ETF
CRWU
$44.3M
$3.52K ﹤0.01%
+700
New +$9.61K
NAKA
807
PUT
Nakamoto Inc
NAKA
$87.9M
$3.48K ﹤0.01%
248
-5
-2% -$131
CONI
808
PUT
GraniteShares 2x Short COIN Daily ETF
CONI
$13.3M
$3.41K ﹤0.01%
1,000
-500
-33% -$23.6K
AAPU icon
809
CALL
Direxion Daily AAPL Bull 2X ETF
AAPU
$150M
$3.36K ﹤0.01%
+100
New +$3.5K
AAPU icon
810
PUT
Direxion Daily AAPL Bull 2X ETF
AAPU
$150M
$3.36K ﹤0.01%
100
-3,100
-97% -$108K
CRCG
811
PUT
Leverage Shares 2X Long CRCL Daily ETF
CRCG
$86.4M
$2.86K ﹤0.01%
110
-1,830
-94% -$100K
YBTC icon
812
CALL
Roundhill Bitcoin Covered Call Strategy ETF
YBTC
$128M
$2.85K ﹤0.01%
100
-1,300
-93% -$46K
TSLG
813
Leverage Shares 2X Long TSLA Daily ETF
TSLG
$35.2M
$2.8K ﹤0.01%
300
-14,036
-98% -$140K
FLG
814
PUT
Flagstar Bank National Association
FLG
$6B
$2.51K ﹤0.01%
600
– –
CGC
815
Canopy Growth
CGC
$393M
$2.46K ﹤0.01%
2,155
+26
+1% +$33
CGC
816
PUT
Canopy Growth
CGC
$393M
$2.34K ﹤0.01%
20,300
– –
FRGE
817
DELISTED
Forge Global Holdings
FRGE
$2.27K ﹤0.01%
+51
New +$1.72K
CRML icon
818
CALL
Critical Metals Corp
CRML
$997M
$2.08K ﹤0.01%
+300
New +$3.27K
BKKT icon
819
PUT
Bakkt Inc
BKKT
$341M
$1.96K ﹤0.01%
4,900
– –
WOLF icon
820
CALL
Wolfspeed
WOLF
$1.39B
$1.84K ﹤0.01%
700
-58,100
-99% -$1.33M
SOC icon
821
PUT
Sable Offshore Corp
SOC
$853M
$1.8K ﹤0.01%
+200
New +$1.89K
CGC
822
CALL
Canopy Growth
CGC
$393M
$1.74K ﹤0.01%
14,900
– –
MSTW
823
Roundhill MSTR WeeklyPay ETF
MSTW
$35.8M
$1.57K ﹤0.01%
+160
New +$3.02K
RKT icon
824
PUT
Rocket Companies
RKT
$40.1B
$1.53K ﹤0.01%
100
-100
-50% -$1.79K
ULTY icon
825
YieldMax Ultra Option Income Strategy ETF
ULTY
$779M
$1.53K ﹤0.01%
41
-5,142
-99% -$231K
31 32
33
34 35

Similar funds

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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)
Qube Research & Technologies (QRT) London, United Kingdom $89.9B AUM 20.22% 1-Year Est. Return
Squarepoint
Squarepoint New York $85.1B AUM 20.93% 1-Year Est. Return
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 Q4 2025 Portfolio in Review

As of Q4 2025, Belvedere Trading held 1,246 positions worth $93.1B, up 7.2% from $86.9B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Belvedere Trading withdrew a net $9.32B in Q4 2025, closing 397 positions and reducing 237 holdings. Its most notable exit was Tesla, an estimated $188M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.23% of assets, down from 0.5% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Belvedere Trading opened a new position in SPDR Gold Trust worth $23M.

  • Belvedere Trading's largest Q4 2025 buy was SPDR Gold Trust: 58,131 shares worth $23M.
  • Belvedere Trading added most to Super Micro Computer in Q4 2025, an estimated $32.9M increase.
  • Belvedere Trading's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $171M.
  • Belvedere Trading fully exited Tesla in Q4 2025, selling an estimated $188M.
  • Belvedere Trading's ten largest holdings make up 81% of its $93.1B portfolio in Q4 2025.
  • Belvedere Trading opened 362 new positions and closed 397 in Q4 2025.
  • Belvedere Trading's portfolio value rose 7.2% quarter-over-quarter to $93.1B.

Based on Belvedere Trading's 13F filing for Q4 2025, filed 10 Feb 2026.