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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
GDXJ icon
76
PUT
VanEck Junior Gold Miners ETF
GDXJ
$6.86B
$3.37M ﹤0.01%
+49,900
New +$3.15M
XAR icon
77
CALL
State Street SPDR S&P Aerospace & Defense ETF
XAR
$5.78B
$3.16M ﹤0.01%
15,000
+3,900
+35% +$707K
BITU icon
78
CALL
ProShares Ultra Bitcoin ETF
BITU
$346M
$3.12M ﹤0.01%
60,200
+32,900
+121% +$1.5M
CRCL
79
CALL
Circle Internet Group
CRCL
$15.3B
$3.03M ﹤0.01%
+16,700
New +$2.72M
PALL icon
80
abrdn Physical Palladium Shares ETF
PALL
$609M
$2.91M ﹤0.01%
144,535
+98,430
+213% +$1.78M
LEN icon
81
CALL
Lennar Class A
LEN
$20.4B
$2.82M ﹤0.01%
24,300
+18,000
+286% +$1.95M
RINF icon
82
ProShares Inflation Expectations ETF
RINF
$18.3M
$2.68M ﹤0.01%
+81,836
New +$2.68M
SLVR
83
Sprott Silver Miners & Physical Silver ETF
SLVR
$600M
$2.51M ﹤0.01%
+84,104
New +$2.16M
VOO icon
84
CALL
Vanguard S&P 500 ETF
VOO
$956B
$2.5M ﹤0.01%
4,400
+600
+16% +$315K
VOOG icon
85
CALL
Vanguard S&P 500 Growth ETF
VOOG
$24.7B
$2.46M ﹤0.01%
37,200
+600
+2% +$35.7K
CRCL
86
PUT
Circle Internet Group
CRCL
$15.3B
$2.43M ﹤0.01%
+13,400
New +$2.18M
CVNA icon
87
PUT
Carvana
CVNA
$47.5B
$2.43M ﹤0.01%
36,000
– –
MTUM icon
88
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$23.6B
$2.4M ﹤0.01%
10,000
-3,200
-24% -$698K
TEM
89
PUT
Tempus AI
TEM
$7.48B
$2.4M ﹤0.01%
37,800
+17,200
+83% +$986K
EETH icon
90
CALL
ProShares Ether Strategy ETF
EETH
$54.7M
$2.39M ﹤0.01%
51,800
+8,300
+19% +$337K
HIMZ
91
CALL
Defiance Daily Target 2X Long HIMS ETF
HIMZ
$49.7M
$2.3M ﹤0.01%
+7,657
New +$3.04M
GME icon
92
CALL
GameStop
GME
$9.8B
$2.21M ﹤0.01%
90,500
-2,400
-3% -$64.3K
PPLT
93
PUT
abrdn Physical Platinum Shares ETF
PPLT
$1.83B
$2.16M ﹤0.01%
176,000
+135,000
+329% +$1.32M
BITU icon
94
ProShares Ultra Bitcoin ETF
BITU
$346M
$2.13M ﹤0.01%
41,177
-33,256
-45% -$1.51M
PLTY
95
PUT
YieldMax PLTR Option Income Strategy ETF
PLTY
$312M
$2.04M ﹤0.01%
+31,700
New +$2.02M
HIMZ
96
Defiance Daily Target 2X Long HIMS ETF
HIMZ
$49.7M
$2.02M ﹤0.01%
+6,722
New +$2.67M
DHR icon
97
CALL
Danaher
DHR
$138B
$1.94M ﹤0.01%
8,400
– –
FTC icon
98
CALL
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.26B
$1.93M ﹤0.01%
+12,800
New +$1.76M
IVV icon
99
CALL
iShares Core S&P 500 ETF
IVV
$858B
$1.92M ﹤0.01%
3,100
-2,900
-48% -$1.67M
SGDJ icon
100
Sprott Junior Gold Miners ETF
SGDJ
$268M
$1.92M ﹤0.01%
+38,671
New +$1.81M
2 3
4
5 6

Similar funds

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Sanders Capital West Palm Beach, Florida $83.9B AUM 37.89% 1-Year Est. Return
Squarepoint
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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.