We are live on ! Find out more
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
GDX icon
126
VanEck Gold Miners ETF
GDX
$22.5B
$1.21M ﹤0.01%
23,209
-8,752
-27% -$434K
PTIR
127
PUT
GraniteShares 2x Long PLTR Daily ETF
PTIR
$280M
$1.2M ﹤0.01%
61,500
+39,000
+173% +$608K
EEM icon
128
CALL
iShares MSCI Emerging Markets ETF
EEM
$27.5B
$1.17M ﹤0.01%
+24,300
New +$1.09M
CONL icon
129
GraniteShares 2x Long COIN Daily ETF
CONL
$485M
$1.13M ﹤0.01%
+24,529
New +$576K
CONL icon
130
CALL
GraniteShares 2x Long COIN Daily ETF
CONL
$485M
$1.12M ﹤0.01%
+24,300
New +$570K
ARGT icon
131
PUT
Global X MSCI Argentina ETF
ARGT
$837M
$1.1M ﹤0.01%
13,000
+12,400
+2,067% +$1.07M
GBTC icon
132
CALL
Grayscale Bitcoin Trust
GBTC
$9.54B
$1.09M ﹤0.01%
12,800
– –
EWY icon
133
CALL
iShares MSCI South Korea ETF
EWY
$20.1B
$1.08M ﹤0.01%
+15,000
New +$900K
WDC icon
134
CALL
Western Digital
WDC
$159B
$1.07M ﹤0.01%
13,500
-113,000
-89% -$5.38M
DVY icon
135
CALL
iShares Select Dividend ETF
DVY
$23.8B
$1.06M ﹤0.01%
8,000
– –
GDXJ icon
136
VanEck Junior Gold Miners ETF
GDXJ
$6.86B
$1.04M ﹤0.01%
+15,346
New +$970K
UNL icon
137
CALL
United States 12 Month Natural Gas Fund
UNL
$13.6M
$1.03M ﹤0.01%
117,900
+115,900
+5,795% +$1.06M
LEN icon
138
PUT
Lennar Class A
LEN
$20.4B
$1.02M ﹤0.01%
8,200
-1,300
-14% -$141K
SVOL icon
139
CALL
Simplify Volatility Premium ETF
SVOL
$507M
$1.02M ﹤0.01%
+55,300
New +$950K
HOOD icon
140
Robinhood
HOOD
$80.7B
$1.02M ﹤0.01%
+10,854
New +$642K
MTUM icon
141
iShares MSCI USA Momentum Factor ETF
MTUM
$23.6B
$1.01M ﹤0.01%
4,210
-787
-16% -$172K
GPIQ icon
142
CALL
Goldman Sachs ETF Trust Goldman Sachs Nasdaq-100 Premium Income ETF
GPIQ
$4.78B
$996K ﹤0.01%
+20,000
New +$919K
NVDU icon
143
Direxion Daily NVDA Bull 2X ETF
NVDU
$495M
$990K ﹤0.01%
10,002
+7,371
+280% +$488K
ROAD icon
144
CALL
Construction Partners
ROAD
$5.88B
$988K ﹤0.01%
9,300
-9,600
-51% -$897K
AGQ icon
145
CALL
ProShares Ultra Silver
AGQ
$1.13B
$950K ﹤0.01%
20,000
– –
EEMX icon
146
PUT
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
EEMX
$164M
$937K ﹤0.01%
25,000
– –
VOOG icon
147
PUT
Vanguard S&P 500 Growth ETF
VOOG
$24.7B
$912K ﹤0.01%
13,800
-29,400
-68% -$1.75M
UDN icon
148
Invesco DB US Dollar Index Bearish Fund
UDN
$108M
$905K ﹤0.01%
47,846
-4,378
-8% -$80.3K
COIN icon
149
Coinbase
COIN
$42.2B
$893K ﹤0.01%
+2,547
New +$595K
TTT icon
150
CALL
ProShares UltraPro Short 20+ Year Treasury
TTT
$19M
$877K ﹤0.01%
+12,100
New +$921K
4 5
6
7 8

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.