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Belvedere Trading

Belvedere Trading Portfolio holdings

AUM $84.4B
1-Year Est. Return 52.68%
This Fund
S&P 500
This Quarter Est. Return
-4.83%
1 Year Est. Return
+52.68%
3 Year Est. Return
+262.56%
5 Year Est. Return
+468.62%
10 Year Est. Return
–
AUM
$84.4B
AUM Growth
-$8.67B
Cap. Flow
-$6.57B
Cap. Flow %
-7.78%
Top 10 Hldgs %
86.58%
Holding
1,186
New
337
Increased
154
Reduced
218
Closed
460

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$172M
2
NVDA icon
NVIDIA
NVDA
+$144M
3
META icon
Meta Platforms (Facebook)
META
+$94.9M
4
IBIT icon
iShares Bitcoin Trust
IBIT
+$25.5M
5
MSTR icon
Strategy Inc
MSTR
+$20.7M

Top Sells

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$52M
2
SMCI icon
Super Micro Computer
SMCI
+$37.7M
3
AMD icon
Advanced Micro Devices
AMD
+$31.3M
4
AVGO icon
Broadcom
AVGO
+$29.1M
5
WDC icon
Western Digital
WDC
+$21.2M

Sector Composition

Rank Sector Weight
1 Technology 0.28%
2 Communication Services 0.1%
3 Consumer Discretionary 0.01%
4 Financials 0%
5 Materials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
REMX icon
101
CALL
VanEck Rare Earth/Strategic Metals ETF
REMX
$1.91B
$1.75M ﹤0.01%
19,900
-1,200
-6% -$108K
COPX icon
102
Global X Copper Miners ETF NEW
COPX
$7.04B
$1.73M ﹤0.01%
22,700
-23,850
-51% -$1.98M
GME icon
103
CALL
GameStop
GME
$9.8B
$1.71M ﹤0.01%
75,500
-76,200
-50% -$1.77M
MUU
104
Direxion Daily MU Bull 2X ETF
MUU
$3.07B
$1.68M ﹤0.01%
+279,020
New +$2.46M
SPXU icon
105
ProShares UltraPro Short S&P 500
SPXU
$435M
$1.67M ﹤0.01%
+29,411
New +$1.49M
PPA icon
106
Invesco Aerospace & Defense ETF
PPA
$8.07B
$1.66M ﹤0.01%
+9,994
New +$1.75M
OILK icon
107
ProShares K-1 Free Crude Oil Strategy ETF
OILK
$210M
$1.64M ﹤0.01%
+30,279
New +$1.35M
SLVR
108
CALL
Sprott Silver Miners & Physical Silver ETF
SLVR
$600M
$1.6M ﹤0.01%
27,100
+26,000
+2,364% +$1.74M
IONQ icon
109
PUT
IonQ
IONQ
$11.9B
$1.55M ﹤0.01%
53,700
+42,300
+371% +$1.62M
INTC icon
110
CALL
Intel
INTC
$413B
$1.54M ﹤0.01%
+35,000
New +$1.6M
MULL
111
CALL
GraniteShares 2x Long MU Daily ETF
MULL
$404M
$1.54M ﹤0.01%
362,500
-127,500
-26% -$797K
IONQ icon
112
CALL
IonQ
IONQ
$11.9B
$1.53M ﹤0.01%
52,900
+49,800
+1,606% +$1.91M
ETHA
113
iShares Ethereum Trust ETF
ETHA
$5.49B
$1.52M ﹤0.01%
95,822
+81,957
+591% +$1.48M
CVNA icon
114
PUT
Carvana
CVNA
$47.5B
$1.51M ﹤0.01%
24,000
-65,500
-73% -$4.86M
PTNQ icon
115
Pacer Trendpilot 100 ETF
PTNQ
$1.16B
$1.48M ﹤0.01%
+20,333
New +$1.58M
TQQQ icon
116
ProShares UltraPro QQQ
TQQQ
$28.6B
$1.48M ﹤0.01%
+35,560
New +$1.78M
URA icon
117
Global X Uranium ETF
URA
$5.21B
$1.48M ﹤0.01%
30,465
+15,637
+105% +$814K
OILK icon
118
PUT
ProShares K-1 Free Crude Oil Strategy ETF
OILK
$210M
$1.47M ﹤0.01%
+27,100
New +$1.21M
VGT icon
119
CALL
Vanguard Information Technology ETF
VGT
$133B
$1.47M ﹤0.01%
16,800
+9,600
+133% +$884K
SILJ icon
120
Amplify Junior Silver Miners ETF
SILJ
$3.14B
$1.44M ﹤0.01%
48,289
-57,617
-54% -$1.91M
XAR icon
121
State Street SPDR S&P Aerospace & Defense ETF
XAR
$5.78B
$1.38M ﹤0.01%
5,453
+4,102
+304% +$1.12M
MULL
122
PUT
GraniteShares 2x Long MU Daily ETF
MULL
$404M
$1.36M ﹤0.01%
320,000
-240,000
-43% -$1.5M
XSD icon
123
CALL
State Street SPDR S&P Semiconductor ETF
XSD
$2.51B
$1.34M ﹤0.01%
+4,100
New +$1.42M
ICOP icon
124
iShares Copper and Metals Mining ETF
ICOP
$416M
$1.33M ﹤0.01%
+27,937
New +$1.41M
VXX icon
125
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$169M
$1.31M ﹤0.01%
+36,632
New +$1.09M
3 4
5
6 7

Similar funds

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Squarepoint
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Mackenzie Financial
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Mariner
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BNP Paribas Asset Management
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US Bancorp
US Bancorp Minneapolis, Minnesota $82.4B AUM 19.69% 1-Year Est. Return
Prudential Financial
Prudential Financial Newark, New Jersey $81.2B AUM 27.81% 1-Year Est. Return
Focus Partners Wealth
Focus Partners Wealth Boston, Massachusetts $89.9B AUM 20.5% 1-Year Est. Return

Belvedere Trading's Q1 2026 Portfolio in Review

As of Q1 2026, Belvedere Trading held 1,186 positions worth $84.4B, down 9.3% from $93.1B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Belvedere Trading withdrew a net $6.57B in Q1 2026, closing 460 positions and reducing 218 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $52M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.28% of assets, up from 0.23% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Belvedere Trading opened a new position in Meta Platforms (Facebook) worth $84.7M.

  • Belvedere Trading's largest Q1 2026 buy was Meta Platforms (Facebook): 148,050 shares worth $84.7M.
  • Belvedere Trading added most to State Street SPDR S&P 500 ETF Trust in Q1 2026, an estimated $172M increase.
  • Belvedere Trading's biggest Q1 2026 reduction was Advanced Micro Devices, cutting an estimated $31.3M.
  • Belvedere Trading fully exited Invesco QQQ Trust in Q1 2026, selling an estimated $52M.
  • Belvedere Trading's ten largest holdings make up 87% of its $84.4B portfolio in Q1 2026.
  • Belvedere Trading opened 337 new positions and closed 460 in Q1 2026.
  • Belvedere Trading's portfolio value fell 9.3% quarter-over-quarter to $84.4B.

Based on Belvedere Trading's 13F filing for Q1 2026, filed 12 May 2026.