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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
+0.72%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$93.1B
AUM Growth
+$6.26B
(+7.2%)
Cap. Flow
-$9.32B
Cap. Flow
% of AUM
-10%
Top 10 Holdings %
Top 10 Hldgs %
81.34%
Holding
1,246
New
362
Increased
207
Reduced
237
Closed
397
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Super Micro Computer
SMCI
|
+$32.9M |
| 2 |
SPDR Gold Trust
GLD
|
+$22.2M |
| 3 |
Strategy Inc
MSTR
|
+$17.7M |
| 4 |
Western Digital
WDC
|
+$11.4M |
| 5 |
Palantir
PLTR
|
+$9.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$188M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$171M |
| 3 |
NVIDIA
NVDA
|
+$145M |
| 4 |
Broadcom
AVGO
|
+$96.9M |
| 5 |
iShares Bitcoin Trust
IBIT
|
+$92.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 0.23% |
| 2 | Consumer Discretionary | 0.01% |
| 3 | Industrials | 0.01% |
| 4 | Financials | 0.01% |
| 5 | Healthcare | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
CALL
Coinbase
COIN
$38.6B
| $6.69M | 0.01% |
29,600
-30,400
| -51% | -$9.06M |
|
|
SNDK
77
Sandisk
SNDK
$180B
| $6.45M | 0.01% |
+27,154
| New | +$5.44M |
|
78
Alibaba
BABA
$293B
| $6.16M | 0.01% |
41,991
+32,189
| +328% | +$5.24M |
|
79
CALL
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$436M
| $6.03M | 0.01% |
343,900
+278,000
| +422% | +$5.09M |
|
|
AVL
80
Direxion Daily AVGO Bull 2X ETF
AVL
$201M
| $5.84M | 0.01% |
132,423
+112,118
| +552% | +$6.39M |
|
81
CALL
ProShares UltraShort Bitcoin ETF
SBIT
$172M
| $5.54M | 0.01% |
126,100
+95,500
| +312% | +$3.51M |
|
82
Amazon
AMZN
$2.92T
| $5.19M | 0.01% |
22,479
-77,317
| -77% | -$17.7M |
|
|
ASTX
83
PUT
Tradr 2X Long ASTS Daily ETF
ASTX
$294M
| $4.96M | 0.01% |
121,300
+94,700
| +356% | +$4.63M |
|
84
PUT
Direxion Daily NYSE FANG+ Bull 2X ETF
FNGG
$121M
| $4.85M | 0.01% |
23,500
-78,200
| -77% | -$18.7M |
|
85
PUT
ProShares Ultra Silver
AGQ
$1.15B
| $4.65M | 0.01% |
+30,000
| New | +$3.09M |
|
86
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$775M
| $4.4M | ﹤0.01% |
128,247
+126,075
| +5,805% | +$3.71M |
|
|
CRCL
87
PUT
Circle Internet Group
CRCL
$15.6B
| $4.23M | ﹤0.01% |
53,400
+49,700
| +1,343% | +$5.14M |
|
88
CALL
Novartis
NVS
$297B
| $4.23M | ﹤0.01% |
28,700
+100
| +0.3% | +$13.1K |
|
89
VanEck Uranium + Nuclear Energy ETF
NLR
$3.82B
| $4.2M | ﹤0.01% |
33,795
+30,968
| +1,095% | +$4.26M |
|
90
PUT
Uber
UBER
$143B
| $4.09M | ﹤0.01% |
+50,000
| New | +$4.5M |
|
91
CALL
abrdn Physical Palladium Shares ETF
PALL
$618M
| $4.01M | ﹤0.01% |
138,000
-67,500
| -33% | -$1.82M |
|
|
SNDK
92
PUT
Sandisk
SNDK
$180B
| $4.01M | ﹤0.01% |
16,900
+14,900
| +745% | +$2.98M |
|
|
93
PUT
Alibaba
BABA
$293B
| $3.95M | ﹤0.01% |
26,900
+18,500
| +220% | +$3.01M |
|
94
iShares Gold Trust
IAU
$62.9B
| $3.9M | ﹤0.01% |
47,996
+3,040
| +7% | +$238K |
|
|
95
PUT
VanEck Uranium + Nuclear Energy ETF
NLR
$3.82B
| $3.76M | ﹤0.01% |
30,300
-5,100
| -14% | -$701K |
|
96
iShares China Large-Cap ETF
FXI
$4.37B
| $3.73M | ﹤0.01% |
+97,413
| New | +$3.87M |
|
|
97
PUT
Novartis
NVS
$297B
| $3.61M | ﹤0.01% |
+26,200
| New | +$3.43M |
|
98
CALL
Tradr 2X Long Innovation ETF
TARK
$12.2M
| $3.58M | ﹤0.01% |
73,800
+12,100
| +20% | +$871K |
|
99
VanEck Pharmaceutical ETF
PPH
$959M
| $3.48M | ﹤0.01% |
+33,767
| New | +$3.28M |
|
100
GE Aerospace
GE
$374B
| $3.47M | ﹤0.01% |
11,279
-10,274
| -48% | -$3.09M |
|
Similar funds
Belvedere Trading's Q4 2025 Portfolio in Review
As of Q4 2025, Belvedere Trading held 1,246 positions worth $93.1B, up 7.2% from $86.9B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Belvedere Trading withdrew a net $9.32B in Q4 2025, closing 397 positions and reducing 237 holdings. Its most notable exit was Tesla, an estimated $188M position sold in full.
By sector, the portfolio is most concentrated in Technology at 0.23% of assets, down from 0.5% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Belvedere Trading opened a new position in SPDR Gold Trust worth $23M.
- Belvedere Trading's largest Q4 2025 buy was SPDR Gold Trust: 58,131 shares worth $23M.
- Belvedere Trading added most to Super Micro Computer in Q4 2025, an estimated $32.9M increase.
- Belvedere Trading's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $171M.
- Belvedere Trading fully exited Tesla in Q4 2025, selling an estimated $188M.
- Belvedere Trading's ten largest holdings make up 81% of its $93.1B portfolio in Q4 2025.
- Belvedere Trading opened 362 new positions and closed 397 in Q4 2025.
- Belvedere Trading's portfolio value rose 7.2% quarter-over-quarter to $93.1B.
Based on Belvedere Trading's 13F filing for Q4 2025, filed 10 Feb 2026.