We are live on ! Find out more
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
HYG icon
901
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
– –
-70,000
Closed -$5.52M
IAK icon
902
CALL
iShares US Insurance ETF
IAK
$509M
– –
-2,000
Closed -$276K
IAK icon
903
iShares US Insurance ETF
IAK
$509M
– –
-1,300
Closed -$179K
IAK icon
904
PUT
iShares US Insurance ETF
IAK
$509M
– –
-2,000
Closed -$276K
IEF icon
905
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
– –
-6,050
Closed -$577K
IHY icon
906
VanEck International High Yield Bond ETF
IHY
$43.2M
– –
-14,461
Closed -$303K
IHY icon
907
PUT
VanEck International High Yield Bond ETF
IHY
$43.2M
– –
-14,500
Closed -$304K
INDA icon
908
PUT
iShares MSCI India ETF
INDA
$6.88B
– –
-20,000
Closed -$1.03M
INSG icon
909
CALL
Inseego
INSG
$111M
– –
-13,800
Closed -$113K
IWO icon
910
CALL
iShares Russell 2000 Growth ETF
IWO
$14.4B
– –
-1,000
Closed -$256K
IWP icon
911
CALL
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
– –
-2,000
Closed -$235K
JNUG icon
912
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$376M
– –
-8,168
Closed -$501K
JOBY icon
913
CALL
Joby Aviation
JOBY
$7.12B
– –
-27,100
Closed -$163K
JSML icon
914
CALL
Janus Henderson Small Cap Growth Alpha ETF
JSML
$365M
– –
-4,200
Closed -$256K
JSML icon
915
Janus Henderson Small Cap Growth Alpha ETF
JSML
$365M
– –
-4,000
Closed -$243K
K
916
DELISTED
Kellanova
K
– –
-1,026
Closed -$83.8K
KTB icon
917
CALL
Kontoor Brands
KTB
$4.63B
– –
-100
Closed -$6.41K
KTB icon
918
Kontoor Brands
KTB
$4.63B
– –
-1,659
Closed -$106K
KTB icon
919
PUT
Kontoor Brands
KTB
$4.63B
– –
-3,100
Closed -$199K
KWEB icon
920
CALL
KraneShares CSI China Internet ETF
KWEB
$5.55B
– –
-96,600
Closed -$3.37M
KWEB icon
921
PUT
KraneShares CSI China Internet ETF
KWEB
$5.55B
– –
-25,000
Closed -$873K
LABU icon
922
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$553M
– –
-533
Closed -$28.3K
LAC
923
CALL
Lithium Americas
LAC
$1.01B
– –
-14,900
Closed -$46.8K
LAC
924
PUT
Lithium Americas
LAC
$1.01B
– –
-1,000
Closed -$4.85K
LCID icon
925
Lucid Motors
LCID
$3.17B
– –
-1,339
Closed -$32.1K
35 36
37
38 39

Similar funds

Sanders Capital
Sanders Capital West Palm Beach, Florida $83.9B AUM 37.89% 1-Year Est. Return
Squarepoint
Squarepoint New York $85.1B AUM 20.93% 1-Year Est. Return
Mackenzie Financial
Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return
Mariner
Mariner Overland Park, Kansas $85.7B AUM 24.21% 1-Year Est. Return
BNP Paribas Asset Management
BNP Paribas Asset Management Paris, France $86.1B AUM 29.11% 1-Year Est. Return
US Bancorp
US Bancorp Minneapolis, Minnesota $82.4B AUM 19.69% 1-Year Est. Return
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.