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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
PLTW
176
CALL
Roundhill PLTR WeeklyPay ETF
PLTW
$101M
$724K ﹤0.01%
+16,900
New +$666K
IWY icon
177
CALL
iShares Russell Top 200 Growth ETF
IWY
$15.2B
$715K ﹤0.01%
+2,900
New +$646K
LLYX
178
CALL
Defiance Daily Target 2x Long LLY ETF
LLYX
$60.6M
$709K ﹤0.01%
44,800
+34,000
+315% +$557K
TEMT
179
PUT
Tradr 2X Long TEM Daily ETF
TEMT
$23.6M
$705K ﹤0.01%
+10,633
New +$773K
SPUU icon
180
CALL
Direxion Daily S&P 500 Bull 2X ETF
SPUU
$242M
$704K ﹤0.01%
4,500
+800
+22% +$108K
PALL icon
181
PUT
abrdn Physical Palladium Shares ETF
PALL
$609M
$704K ﹤0.01%
35,000
+19,500
+126% +$352K
HIMS icon
182
CALL
Hims & Hers Health
HIMS
$5.79B
$703K ﹤0.01%
+14,100
New +$637K
DUST icon
183
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$72.4M
$703K ﹤0.01%
+2,849
New +$822K
BIL icon
184
PUT
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$47.1B
$697K ﹤0.01%
7,600
+600
+9% +$54.9K
VBK icon
185
CALL
Vanguard Morningstar Small-Cap Growth ETF
VBK
$22.7B
$692K ﹤0.01%
+2,500
New +$644K
QTUM icon
186
Defiance Quantum ETF
QTUM
$4.89B
$689K ﹤0.01%
+7,503
New +$606K
COF icon
187
Capital One
COF
$128B
$687K ﹤0.01%
+3,231
New +$603K
NVDX icon
188
CALL
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$391M
$686K ﹤0.01%
42,300
-100
-0.2% -$973
IYY icon
189
CALL
iShares Dow Jones US ETF
IYY
$2.89B
$679K ﹤0.01%
4,500
-1,200
-21% -$167K
PPLT
190
CALL
abrdn Physical Platinum Shares ETF
PPLT
$1.83B
$676K ﹤0.01%
55,000
+31,000
+129% +$303K
SOFX
191
CALL
Defiance Daily Target 2X Long SOFI ETF
SOFX
$61.5M
$671K ﹤0.01%
32,900
+29,800
+961% +$340K
NLR icon
192
VanEck Uranium + Nuclear Energy ETF
NLR
$3.67B
$656K ﹤0.01%
5,904
-8,642
-59% -$768K
EUAD
193
CALL
Select STOXX Europe Aerospace & Defense ETF
EUAD
$1.17B
$652K ﹤0.01%
+15,100
New +$565K
XXRP
194
Teucrium 2x Long Daily XRP ETF
XXRP
$89M
$650K ﹤0.01%
+2,230
New +$696K
EDV icon
195
PUT
Vanguard World Funds Extended Duration ETF
EDV
$3.26B
$633K ﹤0.01%
+9,400
New +$621K
KC
196
CALL
Kingsoft Cloud Holdings
KC
$2.96B
$632K ﹤0.01%
50,500
+500
+1% +$6.47K
CNR
197
CALL
Core Natural Resources Inc
CNR
$3.93B
$632K ﹤0.01%
8,900
+5,000
+128% +$356K
EXE
198
CALL
Expand Energy Corp
EXE
$21.4B
$632K ﹤0.01%
63,800
+3,000
+5% +$335K
RDTL
199
CALL
GraniteShares 2x Long RDDT Daily ETF
RDTL
$44.7M
$630K ﹤0.01%
+22,100
New +$391K
TSLZ icon
200
T-Rex 2X Inverse Tesla Daily Target ETF
TSLZ
$52.8M
$622K ﹤0.01%
18,863
+12,059
+177% +$573K
6 7
8
9 10

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Squarepoint
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Mackenzie Financial
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Mariner
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BNP Paribas Asset Management
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US Bancorp
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Prudential Financial
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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.