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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
IVOL icon
76
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$274M
$3.43M ﹤0.01%
+177,996
New +$3.49M
GEV icon
77
GE Vernova
GEV
$264B
$3.32M ﹤0.01%
+5,392
New +$3.27M
FNGG icon
78
Direxion Daily NYSE FANG+ Bull 2X ETF
FNGG
$121M
$3.29M ﹤0.01%
+13,579
New +$3.03M
IAU icon
79
iShares Gold Trust
IAU
$62.9B
$3.27M ﹤0.01%
+44,956
New +$2.93M
NVDX icon
80
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$436M
$3.17M ﹤0.01%
165,777
+43,808
+36% +$755K
QBTX
81
CALL
Tradr 2X Long QBTS Daily ETF
QBTX
$71.6M
$3.13M ﹤0.01%
60,000
+28,200
+89% +$918K
NFLU
82
T-Rex 2X Long NFLX Daily Target ETF
NFLU
$54.1M
$3.03M ﹤0.01%
+53,389
New +$3.21M
ETHU
83
CALL
2x Ether ETF
ETHU
$718M
$2.97M ﹤0.01%
52,600
+36,600
+229% +$4.65M
MARA icon
84
CALL
Marathon Digital Holdings
MARA
$4.32B
$2.91M ﹤0.01%
159,600
+56,500
+55% +$952K
RDTL
85
PUT
GraniteShares 2x Long RDDT Daily ETF
RDTL
$25.9M
$2.91M ﹤0.01%
49,800
+48,200
+3,013% +$2.44M
TEM
86
CALL
Tempus AI
TEM
$7.92B
$2.86M ﹤0.01%
35,400
-20,700
-37% -$1.45M
SOLT
87
CALL
2x Solana ETF
SOLT
$112M
$2.84M ﹤0.01%
6,165
+5,650
+1,097% +$2.47M
ETHT
88
ProShares Ultra Ether ETF
ETHT
$192M
$2.83M ﹤0.01%
+31,402
New +$2.77M
KWEB icon
89
CALL
KraneShares CSI China Internet ETF
KWEB
$5.64B
$2.69M ﹤0.01%
+64,000
New +$2.4M
GME icon
90
CALL
GameStop
GME
$9.75B
$2.61M ﹤0.01%
95,600
+5,100
+6% +$121K
SOFX
91
PUT
Defiance Daily Target 2X Long SOFI ETF
SOFX
$69.8M
$2.6M ﹤0.01%
67,000
+58,800
+717% +$1.95M
NVDL icon
92
PUT
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.33B
$2.49M ﹤0.01%
79,800
+66,300
+491% +$1.85M
ECHO
93
CALL
EchoStar
ECHO
$24.4B
$2.46M ﹤0.01%
69,300
+25,100
+57% +$1.14M
GOOGL icon
94
PUT
Alphabet (Google) Class A
GOOGL
$4.36T
$2.43M ﹤0.01%
10,000
– –
VUG icon
95
PUT
Vanguard Morningstar Growth ETF
VUG
$220B
$2.4M ﹤0.01%
+30,000
New +$2.29M
VOO icon
96
CALL
Vanguard S&P 500 ETF
VOO
$979B
$2.39M ﹤0.01%
3,900
-500
-11% -$295K
CWEB icon
97
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$254M
$2.37M ﹤0.01%
41,127
+6,503
+19% +$304K
BITU icon
98
ProShares Ultra Bitcoin ETF
BITU
$339M
$2.34M ﹤0.01%
43,779
+2,602
+6% +$145K
BITU icon
99
CALL
ProShares Ultra Bitcoin ETF
BITU
$339M
$2.31M ﹤0.01%
43,200
-17,000
-28% -$950K
AAPU icon
100
Direxion Daily AAPL Bull 2X ETF
AAPU
$161M
$2.28M ﹤0.01%
+70,693
New +$1.85M
2 3
4
5 6

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.