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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
KWEB icon
126
CALL
KraneShares CSI China Internet ETF
KWEB
$5.64B
$2.18M ﹤0.01%
64,000
– –
FTC icon
127
CALL
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.3B
$2.13M ﹤0.01%
13,300
+1,000
+8% +$160K
RKLX
128
CALL
Defiance Daily Target 2X Long RKLB ETF
RKLX
$158M
$2.08M ﹤0.01%
+52,400
New +$1.92M
BITX icon
129
PUT
2x Bitcoin ETF
BITX
$871M
$2.04M ﹤0.01%
73,400
-124,500
-63% -$5.03M
MULL
130
PUT
GraniteShares 2x Long MU Daily ETF
MULL
$487M
$2.01M ﹤0.01%
560,000
+122,500
+28% +$311K
TTT icon
131
CALL
ProShares UltraPro Short 20+ Year Treasury
TTT
$19.5M
$2.01M ﹤0.01%
+30,000
New +$2.02M
GEV icon
132
GE Vernova
GEV
$264B
$1.97M ﹤0.01%
3,019
-2,373
-44% -$1.45M
NEBX
133
CALL
Tradr 2X Long NBIS Daily ETF
NEBX
$145M
$1.9M ﹤0.01%
202,200
+185,700
+1,125% +$3.15M
NVDU icon
134
CALL
Direxion Daily NVDA Bull 2X ETF
NVDU
$551M
$1.9M ﹤0.01%
16,100
+9,900
+160% +$1.24M
XLV icon
135
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$41.9B
$1.87M ﹤0.01%
+12,100
New +$1.81M
IONX
136
CALL
Defiance Daily Target 2X Long IONQ ETF
IONX
$125M
$1.86M ﹤0.01%
+28,567
New +$3.71M
ECHO
137
CALL
EchoStar
ECHO
$24.4B
$1.83M ﹤0.01%
37,800
-31,500
-45% -$2.57M
ARKW icon
138
CALL
ARK Web x.0 ETF
ARKW
$1.63B
$1.82M ﹤0.01%
+12,300
New +$1.99M
COIN icon
139
Coinbase
COIN
$38.6B
$1.79M ﹤0.01%
+7,937
New +$2.37M
QBTX
140
CALL
Tradr 2X Long QBTS Daily ETF
QBTX
$71.6M
$1.79M ﹤0.01%
54,000
-6,000
-10% -$362K
UNH icon
141
CALL
UnitedHealth
UNH
$376B
$1.78M ﹤0.01%
5,400
– –
MULL
142
CALL
GraniteShares 2x Long MU Daily ETF
MULL
$487M
$1.76M ﹤0.01%
490,000
+262,500
+115% +$666K
EFA icon
143
iShares MSCI EAFE ETF
EFA
$78B
$1.73M ﹤0.01%
17,972
+12,731
+243% +$1.21M
GME icon
144
PUT
GameStop
GME
$9.75B
$1.67M ﹤0.01%
82,200
+12,400
+18% +$278K
NVDX icon
145
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$436M
$1.64M ﹤0.01%
95,542
-70,235
-42% -$1.29M
AAPU icon
146
Direxion Daily AAPL Bull 2X ETF
AAPU
$161M
$1.57M ﹤0.01%
46,696
-23,997
-34% -$839K
REMX icon
147
CALL
VanEck Rare Earth/Strategic Metals ETF
REMX
$1.95B
$1.56M ﹤0.01%
+21,100
New +$1.51M
BTCI
148
PUT
NEOS Bitcoin High Income ETF
BTCI
$1.08B
$1.54M ﹤0.01%
+35,000
New +$1.8M
HUT
149
PUT
Hut 8
HUT
$12.1B
$1.49M ﹤0.01%
42,400
– –
UNHG
150
Leverage Shares 2X Long UNH Daily ETF
UNHG
$83.2M
$1.44M ﹤0.01%
85,961
-15,634
-15% -$312K
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 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.