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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
-8.69%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$88.7B
AUM Growth
+$5.87B
Cap. Flow
+$14.6B
Cap. Flow %
16.42%
Top 10 Hldgs %
86.79%
Holding
1,102
New
275
Increased
152
Reduced
217
Closed
425

Top Buys

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$195M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$158M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$39.2M
4
AVGO icon
Broadcom
AVGO
+$26.4M
5
META icon
Meta Platforms (Facebook)
META
+$25.1M

Top Sells

Rank Stock Value
1
SMH icon
VanEck Semiconductor ETF
SMH
+$144M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$135M
3
NVDA icon
NVIDIA
NVDA
+$104M
4
AMD icon
Advanced Micro Devices
AMD
+$23.2M
5
SMCI icon
Super Micro Computer
SMCI
+$22.3M

Sector Composition

Rank Sector Weight
1 Technology 0.7%
2 Communication Services 0.07%
3 Consumer Discretionary 0.05%
4 Energy 0%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TEM
126
PUT
Tempus AI
TEM
$8.25B
$994K ﹤0.01%
+20,600
New +$1.11M
UVXY icon
127
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$231M
$986K ﹤0.01%
8,417
+7,840
+1,359% +$810K
FBY icon
128
CALL
YieldMax META Option Income Strategy ETF
FBY
$105M
$977K ﹤0.01%
+60,400
New +$1.15M
GRRR
129
CALL
Gorilla Technology Group
GRRR
$336M
$968K ﹤0.01%
32,700
-9,500
-23% -$215K
NVDL icon
130
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$4.03B
$965K ﹤0.01%
77,409
-534,063
-87% -$9.81M
NLR icon
131
PUT
VanEck Uranium + Nuclear Energy ETF
NLR
$4.07B
$945K ﹤0.01%
12,900
+2,400
+23% +$201K
IWF icon
132
CALL
iShares Russell 1000 Growth ETF
IWF
$127B
$939K ﹤0.01%
10,400
-800
-7% -$78.9K
TSLQ icon
133
Tradr TSLA Bear Daily ETF
TSLQ
$105M
$934K ﹤0.01%
+6,803
New +$769K
AGQ icon
134
CALL
ProShares Ultra Silver
AGQ
$1.28B
$923K ﹤0.01%
+20,000
New +$820K
SMCX
135
PUT
Defiance Daily Target 2X Long SMCI ETF
SMCX
$169M
$919K ﹤0.01%
16,150
-9,700
-38% -$992K
UDN icon
136
Invesco DB US Dollar Index Bearish Fund
UDN
$109M
$917K ﹤0.01%
+52,224
New +$893K
BABA icon
137
PUT
Alibaba
BABA
$303B
$913K ﹤0.01%
6,900
+1,100
+19% +$127K
BITU icon
138
CALL
ProShares Ultra Bitcoin ETF
BITU
$353M
$909K ﹤0.01%
27,300
-42,100
-61% -$1.95M
SPLV icon
139
CALL
Invesco S&P 500 Low Volatility ETF
SPLV
$7.24B
$897K ﹤0.01%
+12,000
New +$867K
AIRR icon
140
CALL
First Trust RBA American Industrial Renaissance ETF
AIRR
$10.7B
$887K ﹤0.01%
13,000
+8,500
+189% +$639K
GME icon
141
GameStop
GME
$8.48B
$886K ﹤0.01%
39,673
+29,479
+289% +$772K
XMMO icon
142
Invesco S&P MidCap Momentum ETF
XMMO
$7.48B
$877K ﹤0.01%
7,707
+5,873
+320% +$724K
KWEB icon
143
PUT
KraneShares CSI China Internet ETF
KWEB
$5.6B
$873K ﹤0.01%
25,000
+18,600
+291% +$616K
ARKK icon
144
ARK Innovation ETF
ARKK
$6.02B
$853K ﹤0.01%
+17,920
New +$1.03M
EEMX icon
145
PUT
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
EEMX
$177M
$840K ﹤0.01%
+25,000
New +$838K
PALL icon
146
abrdn Physical Palladium Shares ETF
PALL
$662M
$835K ﹤0.01%
+46,105
New +$811K
GBTC icon
147
CALL
Grayscale Bitcoin Trust
GBTC
$9.68B
$834K ﹤0.01%
12,800
-400
-3% -$29.5K
BOIL icon
148
CALL
ProShares Ultra Bloomberg Natural Gas
BOIL
$341M
$827K ﹤0.01%
+24,100
New +$3.62M
CIBR icon
149
CALL
First Trust NASDAQ Cybersecurity ETF
CIBR
$15B
$813K ﹤0.01%
+12,900
New +$856K
LEN icon
150
CALL
Lennar Class A
LEN
$20.7B
$807K ﹤0.01%
+6,300
New +$787K
4 5
6
7 8

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 Q1 2025 Portfolio in Review

As of Q1 2025, Belvedere Trading held 1,102 positions worth $88.7B, up 7.1% from $82.8B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Belvedere Trading deployed $14.6B of net new capital in Q1 2025, opening 275 new positions and adding to 152 existing holdings. Its largest new stake was Broadcom: 124,615 shares worth $20.9M.

By sector, the portfolio is most concentrated in Technology at 0.7% of assets, down from 0.76% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was NVIDIA, an estimated $104M trimmed.

  • Belvedere Trading's largest Q1 2025 buy was Broadcom: 124,615 shares worth $20.9M.
  • Belvedere Trading added most to Strategy Inc in Q1 2025, an estimated $195M increase.
  • Belvedere Trading's biggest Q1 2025 reduction was NVIDIA, cutting an estimated $104M.
  • Belvedere Trading fully exited VanEck Semiconductor ETF in Q1 2025, selling an estimated $144M.
  • Belvedere Trading's ten largest holdings make up 87% of its $88.7B portfolio in Q1 2025.
  • Belvedere Trading opened 275 new positions and closed 425 in Q1 2025.
  • Belvedere Trading's portfolio value rose 7.1% quarter-over-quarter to $88.7B.

Based on Belvedere Trading's 13F filing for Q1 2025, filed 9 May 2025.