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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
MP icon
826
CALL
MP Materials
MP
$7.8B
$6.71K ﹤0.01%
+100
New +$6.29K
LAZR
827
PUT
DELISTED
Luminar Technologies
LAZR
$6.69K ﹤0.01%
35,200
– –
BKKT icon
828
PUT
Bakkt Inc
BKKT
$329M
$6.62K ﹤0.01%
4,900
+900
+23% +$12.4K
MSTX
829
PUT
Defiance Daily Target 2x Long MSTR ETF
MSTX
$146M
$6.41K ﹤0.01%
30
-20
-40% -$6.31K
SUIG
830
PUT
Sui Group Holdings
SUIG
$70.4M
$6.18K ﹤0.01%
+1,600
New +$7.23K
VIXY icon
831
CALL
ProShares VIX Short-Term Futures ETF
VIXY
$190M
$5.82K ﹤0.01%
1,500
-2,700
-64% -$104K
BYND icon
832
PUT
Beyond Meat
BYND
$316M
$5.67K ﹤0.01%
3,000
-2,100
-41% -$6.19K
SNOU
833
CALL
T-REX 2X Long SNOW Daily Target ETF
SNOU
$27.5M
$5.05K ﹤0.01%
+100
New +$4.83K
RILY icon
834
BRC Group Holdings
RILY
$301M
$4.99K ﹤0.01%
835
-5,646
-87% -$31.2K
VELO
835
CALL
Velo3D Inc
VELO
$339M
$4.81K ﹤0.01%
+22,900
New +$79.2K
MSOS icon
836
PUT
AdvisorShares Pure US Cannabis ETF
MSOS
$846M
$4.79K ﹤0.01%
1,000
– –
SPCE icon
837
PUT
Virgin Galactic
SPCE
$362M
$4.33K ﹤0.01%
3,500
– –
VOR icon
838
PUT
Vor Biopharma
VOR
$1.16B
$4.15K ﹤0.01%
+1,700
New +$68.4K
AAPW
839
CALL
Roundhill AAPL WeeklyPay ETF
AAPW
$39.6M
$4.11K ﹤0.01%
+100
New +$3.76K
YQ
840
17 Education & Technology Group
YQ
$19.9M
$4.07K ﹤0.01%
950
-6,343
-87% -$15.5K
LABU icon
841
PUT
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$496M
$3.28K ﹤0.01%
700
-200
-22% -$14.1K
KPTI icon
842
PUT
Karyopharm Therapeutics
KPTI
$44.6M
$3.27K ﹤0.01%
+500
New +$2.69K
IVES
843
CALL
Dan IVES Wedbush AI Revolution ETF
IVES
$1.03B
$3.21K ﹤0.01%
+100
New +$2.87K
MSFL icon
844
PUT
GraniteShares 2x Long MSFT Daily ETF
MSFL
$136M
$3.19K ﹤0.01%
+100
New +$3.13K
CGC
845
PUT
Canopy Growth
CGC
$404M
$3.18K ﹤0.01%
20,300
– –
MSTZ
846
PUT
T-Rex 2X Inverse MSTR Daily Target ETF
MSTZ
$109M
$3.16K ﹤0.01%
600
-6,500
-92% -$29.2K
CGC
847
Canopy Growth
CGC
$404M
$3.11K ﹤0.01%
2,129
-2
-0.1% -$3
RKT icon
848
PUT
Rocket Companies
RKT
$38.7B
$3.07K ﹤0.01%
+200
New +$3.49K
EPIX
849
DELISTED
ESSA Pharma
EPIX
$2.9K ﹤0.01%
+15,201
New +$18.2K
TRON
850
Tron Inc
TRON
$712M
$2.69K ﹤0.01%
+1,392
New +$8.24K
32 33
34
35 36

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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.