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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
+34.98%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$85.5B
AUM Growth
-$3.23B
(-3.6%)
Cap. Flow
-$182M
Cap. Flow
% of AUM
-0.21%
Top 10 Holdings %
Top 10 Hldgs %
83.44%
Holding
1,068
New
391
Increased
157
Reduced
200
Closed
265
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Semiconductor ETF
SMH
|
+$87.7M |
| 2 |
iShares Bitcoin Trust
IBIT
|
+$84.3M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$48.6M |
| 4 |
Super Micro Computer
SMCI
|
+$35.5M |
| 5 |
SPDR Gold Trust
GLD
|
+$33.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$272M |
| 2 |
NVIDIA
NVDA
|
+$170M |
| 3 |
Meta Platforms (Facebook)
META
|
+$48.4M |
| 4 |
Amazon
AMZN
|
+$18.6M |
| 5 |
Apple
AAPL
|
+$13.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 99.08% |
| 2 | Technology | 0.85% |
| 3 | Consumer Discretionary | 0.03% |
| 4 | Communication Services | 0.02% |
| 5 | Financials | 0.01% |
Similar funds
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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's Q2 2025 filing shows 391 new, 157 increased, 200 reduced and 265 closed positions. Its largest new stake was VanEck Semiconductor ETF: 378,298 shares worth $105M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $272M.
By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, down from 99% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.