We are live on ! Find out more
Belvedere Trading

Belvedere Trading Portfolio holdings

AUM $84.4B
1-Year Est. Return 52.68%
This Fund
S&P 500
This Quarter Est. Return
-8.69%
1 Year Est. Return
+52.68%
3 Year Est. Return
+262.56%
5 Year Est. Return
+468.62%
10 Year Est. Return
–
AUM
$88.7B
AUM Growth
+$5.87B
Cap. Flow
+$14.6B
Cap. Flow %
16.42%
Top 10 Hldgs %
86.79%
Holding
1,102
New
275
Increased
152
Reduced
217
Closed
425

Top Buys

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$195M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$158M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$39.2M
4
AVGO icon
Broadcom
AVGO
+$26.4M
5
META icon
Meta Platforms (Facebook)
META
+$25.1M

Top Sells

Rank Stock Value
1
SMH icon
VanEck Semiconductor ETF
SMH
+$144M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$135M
3
NVDA icon
NVIDIA
NVDA
+$104M
4
AMD icon
Advanced Micro Devices
AMD
+$23.2M
5
SMCI icon
Super Micro Computer
SMCI
+$22.3M

Sector Composition

Rank Sector Weight
1 Technology 0.7%
2 Communication Services 0.07%
3 Consumer Discretionary 0.05%
4 Energy 0%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$27.2B 30.66%
48,626,700
+19,033,300
+64% +$11.2B
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$26.3B 29.64%
46,998,000
+5,304,500
+13% +$3.12B
QQQ icon
3
PUT
Invesco QQQ Trust
QQQ
$445B
$4.31B 4.86%
9,196,500
+1,291,700
+16% +$656M
QQQ icon
4
CALL
Invesco QQQ Trust
QQQ
$445B
$4.23B 4.77%
9,017,000
+473,100
+6% +$240M
NVDA icon
5
PUT
NVIDIA
NVDA
$4.77T
$3.67B 4.14%
33,848,900
-6,920,300
-17% -$877M
NVDA icon
6
CALL
NVIDIA
NVDA
$4.77T
$2.89B 3.25%
26,632,400
-9,025,700
-25% -$1.14B
TSLA icon
7
CALL
Tesla
TSLA
$1.21T
$2.85B 3.21%
10,996,600
+1,612,100
+17% +$537M
TSLA icon
8
PUT
Tesla
TSLA
$1.21T
$2.58B 2.91%
9,956,000
+523,000
+6% +$174M
META icon
9
CALL
Meta Platforms (Facebook)
META
$1.51T
$1.75B 1.97%
3,030,000
-500
-0% -$323K
IWM icon
10
PUT
iShares Russell 2000 ETF
IWM
$80.4B
$1.23B 1.39%
6,159,100
+642,300
+12% +$139M
META icon
11
PUT
Meta Platforms (Facebook)
META
$1.51T
$1.23B 1.38%
2,129,500
-6,700
-0.3% -$4.32M
IWM icon
12
CALL
iShares Russell 2000 ETF
IWM
$80.4B
$1.08B 1.22%
5,429,800
+616,900
+13% +$134M
MSTR icon
13
PUT
Strategy Inc
MSTR
$35.1B
$976M 1.1%
3,385,300
+1,298,000
+62% +$412M
GLD icon
14
CALL
SPDR Gold Trust
GLD
$131B
$901M 1.02%
3,127,000
-1,882,000
-38% -$498M
GLD icon
15
PUT
SPDR Gold Trust
GLD
$131B
$883M 1%
3,063,400
-753,800
-20% -$199M
AAPL icon
16
PUT
Apple
AAPL
$4.97T
$823M 0.93%
3,707,100
-103,900
-3% -$24.1M
AAPL icon
17
CALL
Apple
AAPL
$4.97T
$802M 0.9%
3,609,600
-557,000
-13% -$129M
MSTR icon
18
CALL
Strategy Inc
MSTR
$35.1B
$733M 0.83%
2,542,600
+1,562,300
+159% +$496M
AMZN icon
19
PUT
Amazon
AMZN
$2.49T
$475M 0.54%
2,495,800
-549,500
-18% -$119M
AMZN icon
20
CALL
Amazon
AMZN
$2.49T
$460M 0.52%
2,415,800
-644,100
-21% -$140M
AMD icon
21
PUT
Advanced Micro Devices
AMD
$743B
$361M 0.41%
3,513,000
+1,474,200
+72% +$164M
SPY icon
22
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$326M 0.37%
582,097
+268,716
+86% +$158M
SMH icon
23
PUT
VanEck Semiconductor ETF
SMH
$63.8B
$319M 0.36%
1,506,600
+419,500
+39% +$101M
NVDA icon
24
NVIDIA
NVDA
$4.77T
$267M 0.3%
2,461,535
-816,783
-25% -$104M
MSTR icon
25
Strategy Inc
MSTR
$35.1B
$259M 0.29%
896,772
+613,507
+217% +$195M
1
2 3 4 5

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 Q1 2025 Portfolio in Review

As of Q1 2025, Belvedere Trading held 1,102 positions worth $88.7B, up 7.1% from $82.8B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Belvedere Trading deployed $14.6B of net new capital in Q1 2025, opening 275 new positions and adding to 152 existing holdings. Its largest new stake was Broadcom: 124,615 shares worth $20.9M.

By sector, the portfolio is most concentrated in Technology at 0.7% of assets, down from 0.76% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was NVIDIA, an estimated $104M trimmed.

  • Belvedere Trading's largest Q1 2025 buy was Broadcom: 124,615 shares worth $20.9M.
  • Belvedere Trading added most to Strategy Inc in Q1 2025, an estimated $195M increase.
  • Belvedere Trading's biggest Q1 2025 reduction was NVIDIA, cutting an estimated $104M.
  • Belvedere Trading fully exited VanEck Semiconductor ETF in Q1 2025, selling an estimated $144M.
  • Belvedere Trading's ten largest holdings make up 87% of its $88.7B portfolio in Q1 2025.
  • Belvedere Trading opened 275 new positions and closed 425 in Q1 2025.
  • Belvedere Trading's portfolio value rose 7.1% quarter-over-quarter to $88.7B.

Based on Belvedere Trading's 13F filing for Q1 2025, filed 9 May 2025.