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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
+0.72%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$93.1B
AUM Growth
+$6.26B
Cap. Flow
-$9.32B
Cap. Flow %
-10%
Top 10 Hldgs %
81.34%
Holding
1,246
New
362
Increased
207
Reduced
237
Closed
397

Top Buys

Rank Stock Value
1
SMCI icon
Super Micro Computer
SMCI
+$32.9M
2
GLD icon
SPDR Gold Trust
GLD
+$22.2M
3
MSTR icon
Strategy Inc
MSTR
+$17.7M
4
WDC icon
Western Digital
WDC
+$11.4M
5
PLTR icon
Palantir
PLTR
+$9.83M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$188M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$171M
3
NVDA icon
NVIDIA
NVDA
+$145M
4
AVGO icon
Broadcom
AVGO
+$96.9M
5
IBIT icon
iShares Bitcoin Trust
IBIT
+$92.3M

Sector Composition

Rank Sector Weight
1 Technology 0.23%
2 Consumer Discretionary 0.01%
3 Industrials 0.01%
4 Financials 0.01%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COPX icon
101
PUT
Global X Copper Miners ETF NEW
COPX
$7.29B
$3.47M ﹤0.01%
+48,300
New +$3.1M
ORCL icon
102
CALL
Oracle
ORCL
$374B
$3.41M ﹤0.01%
+17,500
New +$4.17M
GOOGL icon
103
PUT
Alphabet (Google) Class A
GOOGL
$4.36T
$3.38M ﹤0.01%
10,800
+800
+8% +$229K
COPX icon
104
Global X Copper Miners ETF NEW
COPX
$7.29B
$3.34M ﹤0.01%
+46,550
New +$2.98M
COF icon
105
CALL
Capital One
COF
$128B
$3.23M ﹤0.01%
13,100
+11,300
+628% +$2.52M
AGQ icon
106
CALL
ProShares Ultra Silver
AGQ
$1.15B
$3.1M ﹤0.01%
20,000
– –
GME icon
107
CALL
GameStop
GME
$9.75B
$3.09M ﹤0.01%
151,700
+56,100
+59% +$1.26M
XLF icon
108
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
$3.02M ﹤0.01%
+55,100
New +$2.94M
BITX icon
109
CALL
2x Bitcoin ETF
BITX
$871M
$3M ﹤0.01%
108,000
+9,300
+9% +$376K
SILJ icon
110
Amplify Junior Silver Miners ETF
SILJ
$3.18B
$2.93M ﹤0.01%
+105,906
New +$2.61M
PLTU
111
PUT
Direxion Daily PLTR Bull 2X ETF
PLTU
$376M
$2.89M ﹤0.01%
+39,300
New +$3.62M
BKCH icon
112
PUT
Global X Blockchain ETF
BKCH
$212M
$2.89M ﹤0.01%
45,200
+35,600
+371% +$3.12M
VOOG icon
113
PUT
Vanguard S&P 500 Growth ETF
VOOG
$25.9B
$2.8M ﹤0.01%
37,800
+15,000
+66% +$1.1M
BKCH icon
114
Global X Blockchain ETF
BKCH
$212M
$2.75M ﹤0.01%
+43,097
New +$3.78M
VUG icon
115
CALL
Vanguard Morningstar Growth ETF
VUG
$220B
$2.73M ﹤0.01%
33,600
+31,200
+1,300% +$2.53M
NLR icon
116
CALL
VanEck Uranium + Nuclear Energy ETF
NLR
$3.82B
$2.72M ﹤0.01%
21,900
-7,500
-26% -$1.03M
FBL icon
117
GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF
FBL
$154M
$2.6M ﹤0.01%
+80,127
New +$2.81M
UGL icon
118
ProShares Ultra Gold
UGL
$650M
$2.53M ﹤0.01%
45,513
+3,304
+8% +$173K
NVO
119
CALL
Novo Nordisk
NVO
$208B
$2.42M ﹤0.01%
+47,500
New +$2.43M
UL icon
120
CALL
Unilever
UL
$137B
$2.41M ﹤0.01%
+39,300
New +$2.64M
SIVR icon
121
PUT
abrdn Physical Silver Shares ETF
SIVR
$4.02B
$2.33M ﹤0.01%
34,400
+24,400
+244% +$1.28M
ASTX
122
CALL
Tradr 2X Long ASTS Daily ETF
ASTX
$294M
$2.29M ﹤0.01%
56,000
+41,400
+284% +$2.02M
MMM icon
123
CALL
3M
MMM
$90.9B
$2.27M ﹤0.01%
13,700
-15,900
-54% -$2.6M
IVV icon
124
CALL
iShares Core S&P 500 ETF
IVV
$878B
$2.26M ﹤0.01%
3,300
– –
DHR icon
125
CALL
Danaher
DHR
$137B
$2.2M ﹤0.01%
8,400
– –
3 4
5
6 7

Similar funds

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Mariner
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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 Q4 2025 Portfolio in Review

As of Q4 2025, Belvedere Trading held 1,246 positions worth $93.1B, up 7.2% from $86.9B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Belvedere Trading withdrew a net $9.32B in Q4 2025, closing 397 positions and reducing 237 holdings. Its most notable exit was Tesla, an estimated $188M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.23% of assets, down from 0.5% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Belvedere Trading opened a new position in SPDR Gold Trust worth $23M.

  • Belvedere Trading's largest Q4 2025 buy was SPDR Gold Trust: 58,131 shares worth $23M.
  • Belvedere Trading added most to Super Micro Computer in Q4 2025, an estimated $32.9M increase.
  • Belvedere Trading's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $171M.
  • Belvedere Trading fully exited Tesla in Q4 2025, selling an estimated $188M.
  • Belvedere Trading's ten largest holdings make up 81% of its $93.1B portfolio in Q4 2025.
  • Belvedere Trading opened 362 new positions and closed 397 in Q4 2025.
  • Belvedere Trading's portfolio value rose 7.2% quarter-over-quarter to $93.1B.

Based on Belvedere Trading's 13F filing for Q4 2025, filed 10 Feb 2026.