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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
TIP icon
101
CALL
iShares TIPS Bond ETF
TIP
$14.5B
$2.22M ﹤0.01%
+20,000
New +$2.21M
IVV icon
102
CALL
iShares Core S&P 500 ETF
IVV
$878B
$2.21M ﹤0.01%
3,300
+200
+6% +$129K
HOOW
103
CALL
Roundhill HOOD WeeklyPay ETF
HOOW
$98.3M
$2.16M ﹤0.01%
+26,700
New +$1.81M
UNHG
104
Leverage Shares 2X Long UNH Daily ETF
UNHG
$83.2M
$2.15M ﹤0.01%
+101,595
New +$1.71M
LEN icon
105
CALL
Lennar Class A
LEN
$19.8B
$2.14M ﹤0.01%
15,600
-8,700
-36% -$1.08M
CRWV
106
PUT
CoreWeave
CRWV
$39.2B
$2.09M ﹤0.01%
15,300
+5,400
+55% +$639K
BITU icon
107
PUT
ProShares Ultra Bitcoin ETF
BITU
$339M
$2.03M ﹤0.01%
38,100
+4,000
+12% +$224K
BABX icon
108
CALL
GraniteShares ETF Trust GraniteShares 2x Long BABA Daily ETF
BABX
$110M
$1.98M ﹤0.01%
34,800
+24,800
+248% +$809K
FTC icon
109
CALL
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.3B
$1.98M ﹤0.01%
12,300
-500
-4% -$78K
DHR icon
110
CALL
Danaher
DHR
$137B
$1.96M ﹤0.01%
8,400
– –
UGL icon
111
ProShares Ultra Gold
UGL
$650M
$1.94M ﹤0.01%
42,209
+809
+2% +$30.4K
EETH icon
112
CALL
ProShares Ether Strategy ETF
EETH
$54.1M
$1.94M ﹤0.01%
28,600
-23,200
-45% -$1.57M
GME icon
113
PUT
GameStop
GME
$9.75B
$1.9M ﹤0.01%
69,800
+2,600
+4% +$61.6K
SOLZ
114
Solana ETF
SOLZ
$86M
$1.89M ﹤0.01%
+85,466
New +$1.78M
UNH icon
115
CALL
UnitedHealth
UNH
$376B
$1.86M ﹤0.01%
+5,400
New +$1.63M
GE icon
116
CALL
GE Aerospace
GE
$374B
$1.82M ﹤0.01%
4,000
-300
-7% -$82K
ETHA
117
CALL
iShares Ethereum Trust ETF
ETHA
$5.43B
$1.8M ﹤0.01%
57,200
+55,700
+3,713% +$1.65M
CRWD icon
118
CALL
CrowdStrike
CRWD
$194B
$1.77M ﹤0.01%
+14,400
New +$1.64M
BABA icon
119
Alibaba
BABA
$293B
$1.75M ﹤0.01%
+9,802
New +$1.28M
TSLY icon
120
PUT
YieldMax TSLA Option Income Strategy ETF
TSLY
$626M
$1.74M ﹤0.01%
36,820
+33,020
+869% +$1.33M
LEN icon
121
PUT
Lennar Class A
LEN
$19.8B
$1.73M ﹤0.01%
12,700
+4,500
+55% +$559K
BABX icon
122
GraniteShares ETF Trust GraniteShares 2x Long BABA Daily ETF
BABX
$110M
$1.7M ﹤0.01%
29,819
+27,094
+994% +$884K
GGLL icon
123
Direxion Daily GOOGL Bull 2X ETF
GGLL
$989M
$1.68M ﹤0.01%
26,604
+3,354
+14% +$163K
EETH icon
124
PUT
ProShares Ether Strategy ETF
EETH
$54.1M
$1.68M ﹤0.01%
24,700
+11,300
+84% +$764K
VOOG icon
125
PUT
Vanguard S&P 500 Growth ETF
VOOG
$25.9B
$1.65M ﹤0.01%
22,800
+9,000
+65% +$622K
3 4
5
6 7

Similar funds

BNP Paribas Asset Management
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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.