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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
+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
Cap. Flow
-$8.02B
Cap. Flow %
-9.24%
Top 10 Hldgs %
82.83%
Holding
1,210
New
406
Increased
208
Reduced
217
Closed
323

Top Buys

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$139M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$108M
3
IBIT icon
iShares Bitcoin Trust
IBIT
+$48.6M
4
AVGO icon
Broadcom
AVGO
+$43.8M
5
QQQ icon
Invesco QQQ Trust
QQQ
+$24.2M

Top Sells

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$316M
2
SMH icon
VanEck Semiconductor ETF
SMH
+$112M
3
GLD icon
SPDR Gold Trust
GLD
+$35.2M
4
NVDA icon
NVIDIA
NVDA
+$30.6M
5
SMCI icon
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
GDXY
201
PUT
YieldMax Gold Miners Option Income Strategy ETF
GDXY
$199M
$805K ﹤0.01%
+45,600
New +$713K
SBIT icon
202
CALL
ProShares UltraShort Bitcoin ETF
SBIT
$172M
$805K ﹤0.01%
+30,600
New +$915K
BHF icon
203
PUT
Brighthouse Financial
BHF
$3.56B
$802K ﹤0.01%
+15,100
New +$737K
SLON
204
ProShares Ultra Solana ETF
SLON
$16.3M
$797K ﹤0.01%
+3,082
New +$791K
NVDL icon
205
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.33B
$789K ﹤0.01%
+25,290
New +$707K
GRNY
206
FundStrat Granny Shots US Large Cap ETF
GRNY
$4.29B
$786K ﹤0.01%
+31,453
New +$744K
APPX
207
PUT
Tradr 2X Long APP Daily ETF
APPX
$59.1M
$783K ﹤0.01%
5,300
– –
WDC icon
208
Western Digital
WDC
$188B
$748K ﹤0.01%
+6,232
New +$509K
NVDL icon
209
CALL
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.33B
$730K ﹤0.01%
23,400
+3,000
+15% +$83.9K
CONL icon
210
GraniteShares 2x Long COIN Daily ETF
CONL
$398M
$725K ﹤0.01%
19,375
-5,154
-21% -$211K
WGMI icon
211
CoinShares ETF Trust CoinShares Bitcoin Mining ETF
WGMI
$253M
$724K ﹤0.01%
+16,369
New +$493K
SNEX icon
212
StoneX
SNEX
$9.26B
$717K ﹤0.01%
+15,993
New +$679K
ASTX
213
PUT
Tradr 2X Long ASTS Daily ETF
ASTX
$294M
$713K ﹤0.01%
+26,600
New +$771K
STCE icon
214
CALL
Schwab Crypto Thematic Natural Language Processing ETF
STCE
$228M
$707K ﹤0.01%
9,000
+2,000
+29% +$121K
EUAD
215
Select STOXX Europe Aerospace & Defense ETF
EUAD
$1.2B
$705K ﹤0.01%
15,017
+11,150
+288% +$480K
YETH
216
Roundhill Ether Covered Call Strategy ETF
YETH
$59.1M
$692K ﹤0.01%
25,949
+24,571
+1,783% +$677K
URA icon
217
Global X Uranium ETF
URA
$5.42B
$688K ﹤0.01%
+14,424
New +$595K
QQQP
218
PUT
Tradr 2X Long Innovation 100 Quarterly ETF
QQQP
$17.8M
$684K ﹤0.01%
+4,100
New +$642K
TIP icon
219
iShares TIPS Bond ETF
TIP
$14.5B
$683K ﹤0.01%
+6,140
New +$678K
ASTS icon
220
PUT
AST SpaceMobile
ASTS
$17.6B
$677K ﹤0.01%
+13,800
New +$665K
GDE icon
221
CALL
WisdomTree Efficient Gold Plus Equity Strategy Fund
GDE
$434M
$672K ﹤0.01%
+11,700
New +$592K
XXRP
222
CALL
Teucrium 2x Long Daily XRP ETF
XXRP
$87.7M
$669K ﹤0.01%
2,070
+1,050
+103% +$419K
PALL icon
223
PUT
abrdn Physical Palladium Shares ETF
PALL
$618M
$662K ﹤0.01%
29,000
-6,000
-17% -$128K
SNOU
224
T-REX 2X Long SNOW Daily Target ETF
SNOU
$31.3M
$655K ﹤0.01%
+12,967
New +$627K
ASMG
225
Leverage Shares 2X Long ASML Daily ETF
ASMG
$35.4M
$651K ﹤0.01%
+29,727
New +$445K
7 8
9
10 11

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 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.