We are live on ! Find out more
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
VRT icon
1151
CALL
Vertiv
VRT
$93B
– –
-3,500
Closed -$449K
VTEB icon
1152
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
– –
-1,519
Closed -$74.5K
VTEB icon
1153
PUT
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
– –
-5,000
Closed -$245K
VXZ icon
1154
CALL
iPath Series B S&P 500 VIX Mid-Term Futures ETN
VXZ
$31.1M
– –
-4,500
Closed -$263K
VXZ icon
1155
PUT
iPath Series B S&P 500 VIX Mid-Term Futures ETN
VXZ
$31.1M
– –
-900
Closed -$52.6K
VXX icon
1156
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$154M
– –
-7,968
Closed -$383K
WEBL icon
1157
Direxion Daily Dow Jones Internet Bull 3X ETF
WEBL
$92.1M
– –
-1,616
Closed -$50K
WRBY icon
1158
CALL
Warby Parker
WRBY
$3.28B
– –
-24,900
Closed -$546K
XLF icon
1159
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
– –
-138,700
Closed -$7.26M
XLG icon
1160
Invesco S&P 500 Top 50 ETF
XLG
$10.6B
– –
-1,513
Closed -$78.8K
XLG icon
1161
PUT
Invesco S&P 500 Top 50 ETF
XLG
$10.6B
– –
-6,400
Closed -$333K
XMMO icon
1162
CALL
Invesco S&P MidCap Momentum ETF
XMMO
$7.11B
– –
-3,200
Closed -$412K
XMMO icon
1163
Invesco S&P MidCap Momentum ETF
XMMO
$7.11B
– –
-1,942
Closed -$250K
XMMO icon
1164
PUT
Invesco S&P MidCap Momentum ETF
XMMO
$7.11B
– –
-10,100
Closed -$1.3M
XYLD icon
1165
CALL
Global X S&P 500 Covered Call ETF
XYLD
$3.24B
– –
-5,000
Closed -$195K
XYLD icon
1166
PUT
Global X S&P 500 Covered Call ETF
XYLD
$3.24B
– –
-3,000
Closed -$117K
VTEI icon
1167
CALL
Vanguard Intermediate-Term Tax-Exempt Bond ETF
VTEI
$1.48B
– –
-3,200
Closed -$315K
VTEI icon
1168
PUT
Vanguard Intermediate-Term Tax-Exempt Bond ETF
VTEI
$1.48B
– –
-1,000
Closed -$98.6K
UMAC icon
1169
CALL
Unusual Machines
UMAC
$1.01B
– –
-13,500
Closed -$116K
MAGX icon
1170
CALL
Roundhill Daily 2X Long Magnificent Seven ETF
MAGX
$54M
– –
-18,700
Closed -$800K
MAGX icon
1171
Roundhill Daily 2X Long Magnificent Seven ETF
MAGX
$54M
– –
-3,511
Closed -$150K
MAGX icon
1172
PUT
Roundhill Daily 2X Long Magnificent Seven ETF
MAGX
$54M
– –
-2,000
Closed -$85.6K
AIBU
1173
CALL
Direxion Daily AI and Big Data Bull 2X ETF
AIBU
$22.9M
– –
-13,900
Closed -$583K
AIBU
1174
Direxion Daily AI and Big Data Bull 2X ETF
AIBU
$22.9M
– –
-53
Closed -$2.22K
AIBU
1175
PUT
Direxion Daily AI and Big Data Bull 2X ETF
AIBU
$22.9M
– –
-200
Closed -$8.39K
45 46
47
48 49

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.