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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
+34.98%
1 Year Est. Return
+52.68%
3 Year Est. Return
+262.56%
5 Year Est. Return
+468.62%
10 Year Est. Return
–
AUM
$85.5B
AUM Growth
-$3.23B
Cap. Flow
-$16.2B
Cap. Flow %
-18.92%
Top 10 Hldgs %
83.44%
Holding
1,068
New
391
Increased
157
Reduced
200
Closed
265

Top Buys

Rank Stock Value
1
SMH icon
VanEck Semiconductor ETF
SMH
+$87.7M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$84.3M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$48.6M
4
SMCI icon
Super Micro Computer
SMCI
+$35.5M
5
GLD icon
SPDR Gold Trust
GLD
+$33.5M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$272M
2
NVDA icon
NVIDIA
NVDA
+$170M
3
META icon
Meta Platforms (Facebook)
META
+$48.4M
4
AMZN icon
Amazon
AMZN
+$18.6M
5
AAPL icon
Apple
AAPL
+$13.2M

Sector Composition

Rank Sector Weight
1 Technology 0.85%
2 Consumer Discretionary 0.03%
3 Communication Services 0.02%
4 Financials 0.01%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PTIR
101
CALL
GraniteShares 2x Long PLTR Daily ETF
PTIR
$280M
$1.84M ﹤0.01%
94,500
-58,500
-38% -$913K
ARGT icon
102
Global X MSCI Argentina ETF
ARGT
$837M
$1.78M ﹤0.01%
21,033
+504
+2% +$43.4K
NVDX icon
103
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$391M
$1.78M ﹤0.01%
121,969
+54,263
+80% +$528K
BITU icon
104
PUT
ProShares Ultra Bitcoin ETF
BITU
$346M
$1.76M ﹤0.01%
34,100
-700
-2% -$31.8K
GOOGL icon
105
PUT
Alphabet (Google) Class A
GOOGL
$4.12T
$1.76M ﹤0.01%
+10,000
New +$1.64M
IYW icon
106
PUT
iShares US Technology ETF
IYW
$22.6B
$1.73M ﹤0.01%
+10,000
New +$1.52M
GE icon
107
CALL
GE Aerospace
GE
$364B
$1.68M ﹤0.01%
4,300
-1,500
-26% -$329K
IYY icon
108
iShares Dow Jones US ETF
IYY
$2.89B
$1.66M ﹤0.01%
11,012
+10,274
+1,392% +$1.43M
GME icon
109
PUT
GameStop
GME
$9.8B
$1.64M ﹤0.01%
67,200
-500
-0.7% -$13.4K
MARA icon
110
CALL
Marathon Digital Holdings
MARA
$3.83B
$1.62M ﹤0.01%
103,100
+59,900
+139% +$858K
CRWV
111
PUT
CoreWeave
CRWV
$33.2B
$1.61M ﹤0.01%
+9,900
New +$913K
USO icon
112
CALL
United States Oil Fund
USO
$2.15B
$1.61M ﹤0.01%
+22,000
New +$1.54M
XSMO icon
113
CALL
Invesco S&P SmallCap Momentum ETF
XSMO
$2.94B
$1.49M ﹤0.01%
+21,900
New +$1.4M
HIMS icon
114
Hims & Hers Health
HIMS
$5.79B
$1.46M ﹤0.01%
+29,235
New +$1.32M
UGL icon
115
ProShares Ultra Gold
UGL
$649M
$1.43M ﹤0.01%
+41,400
New +$1.44M
ROBN
116
CALL
T-Rex 2X Long HOOD Daily Target ETF
ROBN
$86.4M
$1.41M ﹤0.01%
26,900
+300
+1% +$7.03K
NVDU icon
117
CALL
Direxion Daily NVDA Bull 2X ETF
NVDU
$495M
$1.4M ﹤0.01%
14,100
-11,200
-44% -$741K
CWEB icon
118
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$242M
$1.37M ﹤0.01%
34,624
+2,646
+8% +$99.5K
WDC icon
119
PUT
Western Digital
WDC
$159B
$1.35M ﹤0.01%
20,900
+18,600
+809% +$886K
NLR icon
120
CALL
VanEck Uranium + Nuclear Energy ETF
NLR
$3.67B
$1.35M ﹤0.01%
12,100
+8,800
+267% +$782K
ARGT icon
121
CALL
Global X MSCI Argentina ETF
ARGT
$837M
$1.34M ﹤0.01%
15,800
+11,800
+295% +$1.02M
XMMO icon
122
PUT
Invesco S&P MidCap Momentum ETF
XMMO
$6.9B
$1.3M ﹤0.01%
10,100
– –
AZEK
123
CALL
DELISTED
The AZEK Co
AZEK
$1.29M ﹤0.01%
23,700
-14,400
-38% -$722K
XSD icon
124
CALL
State Street SPDR S&P Semiconductor ETF
XSD
$2.51B
$1.28M ﹤0.01%
5,000
+2,900
+138% +$624K
SCHB icon
125
Schwab US Broad Market ETF
SCHB
$42.3B
$1.21M ﹤0.01%
+50,954
New +$1.12M
3 4
5
6 7

Similar funds

Sanders Capital
Sanders Capital West Palm Beach, Florida $83.9B AUM 37.89% 1-Year Est. Return
Squarepoint
Squarepoint New York $85.1B AUM 20.93% 1-Year Est. Return
Mackenzie Financial
Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return
Mariner
Mariner Overland Park, Kansas $85.7B AUM 24.21% 1-Year Est. Return
BNP Paribas Asset Management
BNP Paribas Asset Management Paris, France $86.1B AUM 29.11% 1-Year Est. Return
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 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 withdrew a net $16.2B in Q2 2025, closing 265 positions and reducing 200 holdings. Its most notable exit was Direxion Daily TSLA Bull 2X ETF, an estimated $3.11M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.85% of assets, up from 0.7% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Belvedere Trading opened a new position in VanEck Semiconductor ETF worth $105M.

  • 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.