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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
EETH icon
201
PUT
ProShares Ether Strategy ETF
EETH
$54.7M
$619K ﹤0.01%
13,400
-3,300
-20% -$134K
PLTY
202
YieldMax PLTR Option Income Strategy ETF
PLTY
$312M
$610K ﹤0.01%
+9,493
New +$605K
METU
203
PUT
Direxion Daily META Bull 2X ETF
METU
$372M
$609K ﹤0.01%
13,400
-1,500
-10% -$49.7K
CWEB icon
204
CALL
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$242M
$606K ﹤0.01%
15,300
+700
+5% +$26.3K
HUT
205
PUT
Hut 8
HUT
$9.93B
$604K ﹤0.01%
42,400
-100
-0.2% -$1.49K
GOOGL icon
206
CALL
Alphabet (Google) Class A
GOOGL
$4.12T
$599K ﹤0.01%
+3,400
New +$557K
SOXL icon
207
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$13.4B
$598K ﹤0.01%
23,831
-104,064
-81% -$1.67M
SOXS icon
208
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$2.6B
$597K ﹤0.01%
379
+31
+9% +$105K
CIBR icon
209
CALL
First Trust NASDAQ Cybersecurity ETF
CIBR
$13.9B
$597K ﹤0.01%
7,900
-5,000
-39% -$343K
HUT
210
Hut 8
HUT
$9.93B
$586K ﹤0.01%
31,491
+607
+2% +$9.06K
SFYF icon
211
CALL
SoFi Social 50 ETF
SFYF
$38.4M
$585K ﹤0.01%
+12,500
New +$523K
BNO icon
212
CALL
United States Brent Oil Fund
BNO
$782M
$584K ﹤0.01%
+20,000
New +$563K
AIBU
213
CALL
Direxion Daily AI and Big Data Bull 2X ETF
AIBU
$20.3M
$583K ﹤0.01%
+13,900
New +$440K
HUYA
214
PUT
Huya Inc
HUYA
$558M
$575K ﹤0.01%
163,400
-950,300
-85% -$3.44M
SARK icon
215
CALL
Tradr 2X Long Innovation ETFShort Innovation Daily ETF
SARK
$45.2M
$565K ﹤0.01%
15,800
-11,600
-42% -$550K
XXRP
216
PUT
Teucrium 2x Long Daily XRP ETF
XXRP
$89M
$557K ﹤0.01%
+1,910
New +$597K
NEON icon
217
CALL
Neonode
NEON
$12.6M
$553K ﹤0.01%
+21,700
New +$259K
WRBY icon
218
CALL
Warby Parker
WRBY
$3.19B
$546K ﹤0.01%
+24,900
New +$460K
IYM icon
219
CALL
iShares US Basic Materials ETF
IYM
$1.13B
$546K ﹤0.01%
3,900
– –
PPA icon
220
PUT
Invesco Aerospace & Defense ETF
PPA
$8.07B
$538K ﹤0.01%
+3,800
New +$481K
NFLU
221
CALL
T-Rex 2X Long NFLX Daily Target ETF
NFLU
$57.1M
$535K ﹤0.01%
7,200
-5,700
-44% -$311K
ULTY icon
222
PUT
YieldMax Ultra Option Income Strategy ETF
ULTY
$738M
$529K ﹤0.01%
8,390
+3,180
+61% +$192K
GBTC icon
223
PUT
Grayscale Bitcoin Trust
GBTC
$9.54B
$509K ﹤0.01%
6,000
– –
MSTX
224
CALL
Defiance Daily Target 2x Long MSTR ETF
MSTX
$149M
$509K ﹤0.01%
1,260
-5,420
-81% -$1.93M
EWG icon
225
PUT
iShares MSCI Germany ETF
EWG
$1.56B
$508K ﹤0.01%
12,000
– –
7 8
9
10 11

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.