We are live on ! Find out more
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
CRPT icon
951
PUT
First Trust SkyBridge Crypto Industry and Digital Economy ETF
CRPT
$83.9M
– –
-12,000
Closed -$279K
DAX icon
952
CALL
Global X DAX Germany ETF
DAX
$233M
– –
-300
Closed -$13.5K
DAX icon
953
Global X DAX Germany ETF
DAX
$233M
– –
-1,474
Closed -$66.2K
DAX icon
954
PUT
Global X DAX Germany ETF
DAX
$233M
– –
-6,500
Closed -$292K
DDD icon
955
PUT
3D Systems Corp
DDD
$443M
– –
-7,000
Closed -$10.8K
DHT icon
956
DHT Holdings
DHT
$2.96B
– –
-10,065
Closed -$109K
DHT icon
957
PUT
DHT Holdings
DHT
$2.96B
– –
-300
Closed -$3.24K
DUST icon
958
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$69.4M
– –
-2,849
Closed -$703K
DVY icon
959
CALL
iShares Select Dividend ETF
DVY
$23.6B
– –
-8,000
Closed -$1.06M
DXJ icon
960
WisdomTree Japan Hedged Equity Fund
DXJ
$7.04B
– –
-2,000
Closed -$229K
EDV icon
961
Vanguard World Funds Extended Duration ETF
EDV
$3.25B
– –
-6,400
Closed -$431K
EDV icon
962
PUT
Vanguard World Funds Extended Duration ETF
EDV
$3.25B
– –
-9,400
Closed -$633K
EEM icon
963
CALL
iShares MSCI Emerging Markets ETF
EEM
$28.7B
– –
-24,300
Closed -$1.17M
EEM icon
964
iShares MSCI Emerging Markets ETF
EEM
$28.7B
– –
-83,356
Closed -$4.02M
EEM icon
965
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.7B
– –
-112,900
Closed -$5.45M
EEMX icon
966
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
EEMX
$172M
– –
-6,139
Closed -$230K
EEMX icon
967
PUT
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
EEMX
$172M
– –
-25,000
Closed -$937K
EFA icon
968
CALL
iShares MSCI EAFE ETF
EFA
$78.3B
– –
-75,000
Closed -$6.7M
EFA icon
969
PUT
iShares MSCI EAFE ETF
EFA
$78.3B
– –
-49,900
Closed -$4.46M
EMXC icon
970
CALL
iShares MSCI Emerging Markets ex China ETF
EMXC
$23.3B
– –
-400
Closed -$25.3K
EMXC icon
971
iShares MSCI Emerging Markets ex China ETF
EMXC
$23.3B
– –
-4,657
Closed -$294K
EWY icon
972
CALL
iShares MSCI South Korea ETF
EWY
$22.7B
– –
-15,000
Closed -$1.08M
EXFY icon
973
CALL
Expensify
EXFY
$176M
– –
-3,000
Closed -$7.77K
EXFY icon
974
Expensify
EXFY
$176M
– –
-10,344
Closed -$26.8K
FBL icon
975
CALL
GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF
FBL
$176M
– –
-16,800
Closed -$769K
37 38
39
40 41

Similar funds

BNP Paribas Asset Management
BNP Paribas Asset Management Paris, France $86.1B AUM 29.11% 1-Year Est. Return
Mariner
Mariner Overland Park, Kansas $85.7B AUM 24.21% 1-Year Est. Return
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
US Bancorp Minneapolis, Minnesota $82.4B AUM 19.69% 1-Year Est. Return

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.