Belvedere Trading Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$139M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$108M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$48.6M |
| 4 |
Broadcom
AVGO
|
+$43.8M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$24.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$316M |
| 2 |
VanEck Semiconductor ETF
SMH
|
+$112M |
| 3 |
SPDR Gold Trust
GLD
|
+$35.2M |
| 4 |
NVIDIA
NVDA
|
+$30.6M |
| 5 |
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% |
Similar funds
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.