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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
(+1.6%)
Cap. Flow
-$8.02B
Cap. Flow
% of AUM
-9.24%
Top 10 Holdings %
Top 10 Hldgs %
82.83%
Holding
1,210
New
406
Increased
208
Reduced
217
Closed
323
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$139M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$108M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$48.6M |
| 4 |
Broadcom
AVGO
|
+$43.8M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$24.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$316M |
| 2 |
VanEck Semiconductor ETF
SMH
|
+$112M |
| 3 |
SPDR Gold Trust
GLD
|
+$35.2M |
| 4 |
NVIDIA
NVDA
|
+$30.6M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
VRNA
126
CALL
DELISTED
Verona Pharma
VRNA
| $1.61M | ﹤0.01% |
+15,100
| New | +$1.58M |
|
|
IVES
127
Dan IVES Wedbush AI Revolution ETF
IVES
$1,000M
| $1.6M | ﹤0.01% |
+49,708
| New | +$1.43M |
|
|
SOLT
128
PUT
2x Solana ETF
SOLT
$112M
| $1.58M | ﹤0.01% |
3,440
+3,170
| +1,174% | +$1.38M |
|
129
CALL
Reddit
RDDT
$27.1B
| $1.54M | ﹤0.01% |
6,700
+3,700
| +123% | +$755K |
|
130
CALL
ProShares Ultra Silver
AGQ
$1.15B
| $1.52M | ﹤0.01% |
20,000
| – | – |
|
131
Capital One
COF
$128B
| $1.52M | ﹤0.01% |
7,162
+3,931
| +122% | +$861K |
|
132
YieldMax TSLA Option Income Strategy ETF
TSLY
$626M
| $1.51M | ﹤0.01% |
32,039
+31,107
| +3,338% | +$1.25M |
|
|
CWVX
133
Tradr 2X Long CRWV Daily ETF
CWVX
$69.1M
| $1.51M | ﹤0.01% |
+14,775
| New | +$1.2M |
|
134
PUT
Alibaba
BABA
$293B
| $1.5M | ﹤0.01% |
8,400
+6,300
| +300% | +$825K |
|
135
PUT
Marathon Digital Holdings
MARA
$4.32B
| $1.5M | ﹤0.01% |
82,000
+30,600
| +60% | +$516K |
|
|
RDTL
136
CALL
GraniteShares 2x Long RDDT Daily ETF
RDTL
$25.9M
| $1.49M | ﹤0.01% |
25,500
+3,400
| +15% | +$172K |
|
137
iShares Dow Jones US ETF
IYY
$2.95B
| $1.49M | ﹤0.01% |
9,173
-1,839
| -17% | -$288K |
|
138
Schwab US Broad Market ETF
SCHB
$43.2B
| $1.49M | ﹤0.01% |
57,954
+7,000
| +14% | +$173K |
|
|
XXRP
139
Teucrium 2x Long Daily XRP ETF
XXRP
$87.7M
| $1.48M | ﹤0.01% |
4,590
+2,360
| +106% | +$941K |
|
140
CALL
Netflix
NFLX
$299B
| $1.44M | ﹤0.01% |
+12,000
| New | +$1.46M |
|
141
Vanguard Morningstar Growth ETF
VUG
$220B
| $1.43M | ﹤0.01% |
+17,874
| New | +$1.37M |
|
|
TEM
142
PUT
Tempus AI
TEM
$7.92B
| $1.41M | ﹤0.01% |
17,500
-20,300
| -54% | -$1.42M |
|
|
APPX
143
Tradr 2X Long APP Daily ETF
APPX
$59.1M
| $1.41M | ﹤0.01% |
9,553
+8,448
| +765% | +$565K |
|
144
PUT
Patrick Industries
PATK
$2.74B
| $1.4M | ﹤0.01% |
+13,500
| New | +$1.42M |
|
145
PUT
Sharplink Inc
SBET
$1.29B
| $1.36M | ﹤0.01% |
+80,000
| New | +$1.57M |
|
146
Lennar Class A
LEN
$19.8B
| $1.35M | ﹤0.01% |
10,721
+8,639
| +415% | +$1.07M |
|
147
CALL
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$436M
| $1.33M | ﹤0.01% |
65,900
+23,600
| +56% | +$407K |
|
|
148
Reddit
RDDT
$27.1B
| $1.29M | ﹤0.01% |
5,600
+5,057
| +931% | +$1.03M |
|
|
CRWV
149
CALL
CoreWeave
CRWV
$39.2B
| $1.29M | ﹤0.01% |
9,400
+7,800
| +488% | +$923K |
|
|
ETHT
150
PUT
ProShares Ultra Ether ETF
ETHT
$192M
| $1.27M | ﹤0.01% |
+14,900
| New | +$1.32M |
|
Similar funds
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.