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Belvedere Trading Portfolio holdings
AUM
$87.6B
1-Year Est. Return
131.08%
This Fund
S&P 500
This Quarter
Est. Return
-8.69%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$88.7B
AUM Growth
+$5.87B
(+7.1%)
Cap. Flow
+$14.6B
Cap. Flow
% of AUM
16.42%
Top 10 Holdings %
Top 10 Hldgs %
86.79%
Holding
1,102
New
275
Increased
152
Reduced
217
Closed
425
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$195M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$158M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$39.2M |
| 4 |
Broadcom
AVGO
|
+$26.4M |
| 5 |
Meta Platforms (Facebook)
META
|
+$25.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Semiconductor ETF
SMH
|
+$144M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$135M |
| 3 |
NVIDIA
NVDA
|
+$104M |
| 4 |
Advanced Micro Devices
AMD
|
+$23.2M |
| 5 |
Super Micro Computer
SMCI
|
+$22.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 0.7% |
| 2 | Communication Services | 0.07% |
| 3 | Consumer Discretionary | 0.05% |
| 4 | Energy | 0% |
| 5 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
CALL
Vanguard S&P 500 Growth ETF
VOOG
$27B
| $2.04M | ﹤0.01% |
36,600
+26,400
| +259% | +$1.6M |
|
77
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$23.3B
| $2.04M | ﹤0.01% |
+127,895
| New | +$3.23M |
|
78
CALL
Defiance Quantum ETF
QTUM
$5.55B
| $2.03M | ﹤0.01% |
27,200
+24,000
| +750% | +$1.94M |
|
79
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.08B
| $2.02M | ﹤0.01% |
348
+347
| +34,700% | +$1.52M |
|
80
CALL
Danaher
DHR
$139B
| $1.99M | ﹤0.01% |
8,400
-11,900
| -59% | -$2.6M |
|
81
PUT
Palantir
PLTR
$377B
| $1.97M | ﹤0.01% |
23,300
-69,800
| -75% | -$6.13M |
|
82
CALL
Vanguard S&P 500 ETF
VOO
$1.01T
| $1.95M | ﹤0.01% |
3,800
-3,900
| -51% | -$2.11M |
|
83
CALL
Cognizant
CTSH
$25.2B
| $1.94M | ﹤0.01% |
25,300
| – | – |
|
84
CALL
ProShares Bitcoin Strategy ETF
BITO
$1.45B
| $1.89M | ﹤0.01% |
103,200
+96,400
| +1,418% | +$2.09M |
|
|
85
CALL
Palantir
PLTR
$377B
| $1.88M | ﹤0.01% |
22,300
-21,200
| -49% | -$1.86M |
|
|
AZEK
86
CALL
DELISTED
The AZEK Co
AZEK
| $1.86M | ﹤0.01% |
+38,100
| New | +$1.8M |
|
87
iShares MSCI Emerging Markets ETF
EEM
$29.3B
| $1.86M | ﹤0.01% |
42,563
+32,445
| +321% | +$1.41M |
|
|
HUYA
88
Huya Inc
HUYA
$556M
| $1.85M | ﹤0.01% |
+575,143
| New | +$2.07M |
|
89
CALL
State Street SPDR S&P Aerospace & Defense ETF
XAR
$6.46B
| $1.78M | ﹤0.01% |
11,100
+5,700
| +106% | +$958K |
|
90
Global X MSCI Argentina ETF
ARGT
$826M
| $1.66M | ﹤0.01% |
20,529
-11,263
| -35% | -$957K |
|
91
CALL
Carvana
CVNA
$76.3B
| $1.63M | ﹤0.01% |
39,000
-176,500
| -82% | -$7.81M |
|
92
CALL
GE Aerospace
GE
$391B
| $1.6M | ﹤0.01% |
5,800
-11,100
| -66% | -$2.18M |
|
93
2x Bitcoin ETF
BITX
$908M
| $1.53M | ﹤0.01% |
43,002
-10,218
| -19% | -$503K |
|
94
PUT
GameStop
GME
$8.53B
| $1.51M | ﹤0.01% |
67,700
+41,900
| +162% | +$1.1M |
|
|
95
PUT
Carvana
CVNA
$76.3B
| $1.51M | ﹤0.01% |
36,000
-159,000
| -82% | -$7.04M |
|
96
CALL
GraniteShares 2x Short TSLA Daily ETF
TSDD
$30.8M
| $1.5M | ﹤0.01% |
+60,200
| New | +$2.85M |
|
97
CALL
Direxion Daily CSI 300 China A Share Bull 2X ETF
CHAU
$93.1M
| $1.49M | ﹤0.01% |
+104,400
| New | +$1.51M |
|
98
CALL
ProShares Ether Strategy ETF
EETH
$55.4M
| $1.49M | ﹤0.01% |
43,500
-39,900
| -48% | -$2.01M |
|
99
VanEck Gold Miners ETF
GDX
$25.4B
| $1.47M | ﹤0.01% |
31,961
+25,366
| +385% | +$1.03M |
|
100
CALL
ARK Innovation ETF
ARKK
$6.05B
| $1.43M | ﹤0.01% |
+30,000
| New | +$1.72M |
|
Similar funds
Belvedere Trading's Q1 2025 Portfolio in Review
As of Q1 2025, Belvedere Trading held 1,102 positions worth $88.7B, up 7.1% from $82.8B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Belvedere Trading deployed $14.6B of net new capital in Q1 2025, opening 275 new positions and adding to 152 existing holdings. Its largest new stake was Broadcom: 124,615 shares worth $20.9M.
By sector, the portfolio is most concentrated in Technology at 0.7% of assets, down from 0.76% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was NVIDIA, an estimated $104M trimmed.
- Belvedere Trading's largest Q1 2025 buy was Broadcom: 124,615 shares worth $20.9M.
- Belvedere Trading added most to Strategy Inc in Q1 2025, an estimated $195M increase.
- Belvedere Trading's biggest Q1 2025 reduction was NVIDIA, cutting an estimated $104M.
- Belvedere Trading fully exited VanEck Semiconductor ETF in Q1 2025, selling an estimated $144M.
- Belvedere Trading's ten largest holdings make up 87% of its $88.7B portfolio in Q1 2025.
- Belvedere Trading opened 275 new positions and closed 425 in Q1 2025.
- Belvedere Trading's portfolio value rose 7.1% quarter-over-quarter to $88.7B.
Based on Belvedere Trading's 13F filing for Q1 2025, filed 9 May 2025.