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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
NUKZ icon
151
PUT
Range Nuclear Renaissance Index ETF
NUKZ
$767M
$1.44M ﹤0.01%
+22,600
New +$1.52M
BITX icon
152
2x Bitcoin ETF
BITX
$871M
$1.43M ﹤0.01%
+51,580
New +$2.09M
OKLO
153
PUT
Oklo
OKLO
$6.76B
$1.41M ﹤0.01%
19,700
+19,000
+2,714% +$2.12M
LEN icon
154
CALL
Lennar Class A
LEN
$19.8B
$1.39M ﹤0.01%
11,800
-3,800
-24% -$459K
HOOW
155
PUT
Roundhill HOOD WeeklyPay ETF
HOOW
$98.3M
$1.39M ﹤0.01%
29,200
+24,200
+484% +$1.54M
QBTS icon
156
D-Wave Quantum Inc. Common Stock
QBTS
$6.7B
$1.37M ﹤0.01%
+52,527
New +$1.53M
VUG icon
157
PUT
Vanguard Morningstar Growth ETF
VUG
$220B
$1.37M ﹤0.01%
16,800
-13,200
-44% -$1.07M
NVDL icon
158
PUT
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.33B
$1.34M ﹤0.01%
45,600
-34,200
-43% -$1.03M
QTUM icon
159
PUT
Defiance Quantum ETF
QTUM
$5.23B
$1.33M ﹤0.01%
+12,100
New +$1.33M
CRWD icon
160
CALL
CrowdStrike
CRWD
$194B
$1.31M ﹤0.01%
11,200
-3,200
-22% -$407K
HUT
161
CALL
Hut 8
HUT
$12.1B
$1.3M ﹤0.01%
92,800
+13,400
+17% +$591K
XLF icon
162
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
$1.29M ﹤0.01%
+23,613
New +$1.26M
SIL icon
163
CALL
Global X Silver Miners ETF NEW
SIL
$3.98B
$1.29M ﹤0.01%
15,400
+3,900
+34% +$288K
AGQ icon
164
ProShares Ultra Silver
AGQ
$1.15B
$1.23M ﹤0.01%
+7,925
New +$817K
CRCL
165
Circle Internet Group
CRCL
$15.6B
$1.22M ﹤0.01%
+15,362
New +$1.59M
AVGX
166
CALL
Defiance Daily Target 2X Long AVGO ETF
AVGX
$248M
$1.21M ﹤0.01%
25,800
+19,800
+330% +$1.06M
HUT
167
Hut 8
HUT
$12.1B
$1.2M ﹤0.01%
26,054
-6,239
-19% -$275K
ORCX
168
Defiance Daily Target 2X Long ORCL ETF
ORCX
$245M
$1.19M ﹤0.01%
+23,052
New +$1.95M
NVS icon
169
Novartis
NVS
$297B
$1.17M ﹤0.01%
8,516
+8,153
+2,246% +$1.07M
LAC
170
CALL
Lithium Americas
LAC
$1.01B
$1.16M ﹤0.01%
159,500
+82,800
+108% +$478K
VGT icon
171
PUT
Vanguard Information Technology ETF
VGT
$139B
$1.13M ﹤0.01%
12,000
+11,200
+1,400% +$1.06M
NVDX icon
172
PUT
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$436M
$1.11M ﹤0.01%
61,500
+46,900
+321% +$859K
SIVR icon
173
abrdn Physical Silver Shares ETF
SIVR
$4.02B
$1.1M ﹤0.01%
16,292
-9,074
-36% -$477K
BIDU icon
174
CALL
Baidu
BIDU
$37.7B
$1.1M ﹤0.01%
8,400
– –
FNGG icon
175
Direxion Daily NYSE FANG+ Bull 2X ETF
FNGG
$121M
$1.09M ﹤0.01%
5,277
-8,302
-61% -$1.99M
5 6
7
8 9

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.