We are live on ! Find out more
Belvedere Trading

Belvedere Trading Portfolio holdings

AUM $87.6B
1-Year Est. Return 131.08%
This Fund
S&P 500
This Quarter Est. Return
-4.83%
1 Year Est. Return
+131.08%
3 Year Est. Return
+497.29%
5 Year Est. Return
+787.25%
10 Year Est. Return
–
AUM
$84.4B
AUM Growth
-$8.67B
Cap. Flow
-$6.57B
Cap. Flow %
-7.78%
Top 10 Hldgs %
86.58%
Holding
1,186
New
337
Increased
154
Reduced
218
Closed
460

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$172M
2
NVDA icon
NVIDIA
NVDA
+$144M
3
META icon
Meta Platforms (Facebook)
META
+$94.9M
4
IBIT icon
iShares Bitcoin Trust
IBIT
+$25.5M
5
MSTR icon
Strategy Inc
MSTR
+$20.7M

Top Sells

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$52M
2
SMCI icon
Super Micro Computer
SMCI
+$37.7M
3
AMD icon
Advanced Micro Devices
AMD
+$31.3M
4
AVGO icon
Broadcom
AVGO
+$29.1M
5
WDC icon
Western Digital
WDC
+$21.2M

Sector Composition

Rank Sector Weight
1 Technology 0.28%
2 Communication Services 0.1%
3 Consumer Discretionary 0.01%
4 Financials 0%
5 Materials 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
$790B
$17B 20.11%
26,107,700
+3,439,300
+15% +$2.34B
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$16.9B 20.05%
26,031,800
+2,607,600
+11% +$1.77B
ES icon
3
PUT
Eversource Energy
ES
$26.9B
$14.8B 17.51%
2,222,000
+478,350
+27% +$33.8M
ES icon
4
CALL
Eversource Energy
ES
$26.9B
$3.89B 4.61%
585,950
+56,300
+11% +$3.98M
QQQ icon
5
CALL
Invesco QQQ Trust
QQQ
$453B
$3.89B 4.61%
6,743,600
+496,300
+8% +$302M
TSLA icon
6
PUT
Tesla
TSLA
$1.23T
$3.63B 4.29%
9,754,100
-2,884,000
-23% -$1.19B
NVDA icon
7
PUT
NVIDIA
NVDA
$4.86T
$3.38B 4%
19,352,100
-5,542,800
-22% -$1.02B
NVDA icon
8
CALL
NVIDIA
NVDA
$4.86T
$3.26B 3.87%
18,720,400
-8,032,600
-30% -$1.47B
QQQ icon
9
PUT
Invesco QQQ Trust
QQQ
$453B
$3.23B 3.83%
5,602,900
-1,508,300
-21% -$916M
TSLA icon
10
CALL
Tesla
TSLA
$1.23T
$3.13B 3.71%
8,430,900
-2,597,600
-24% -$1.07B
IWM icon
11
PUT
iShares Russell 2000 ETF
IWM
$79.8B
$881M 1.04%
3,550,600
-444,300
-11% -$115M
SMH icon
12
PUT
VanEck Semiconductor ETF
SMH
$65.2B
$820M 0.97%
2,137,600
-13,300
-0.6% -$5.28M
META icon
13
CALL
Meta Platforms (Facebook)
META
$1.42T
$690M 0.82%
1,206,700
-792,300
-40% -$508M
GLD icon
14
CALL
SPDR Gold Trust
GLD
$131B
$636M 0.75%
1,479,100
-360,300
-20% -$161M
SMH icon
15
CALL
VanEck Semiconductor ETF
SMH
$65.2B
$572M 0.68%
1,491,600
-368,400
-20% -$146M
GLD icon
16
PUT
SPDR Gold Trust
GLD
$131B
$565M 0.67%
1,313,100
+303,600
+30% +$136M
AAPL icon
17
CALL
Apple
AAPL
$4.54T
$531M 0.63%
2,090,400
-644,600
-24% -$168M
META icon
18
PUT
Meta Platforms (Facebook)
META
$1.42T
$524M 0.62%
916,400
-520,500
-36% -$334M
IWM icon
19
CALL
iShares Russell 2000 ETF
IWM
$79.8B
$508M 0.6%
2,046,500
-876,800
-30% -$226M
AAPL icon
20
PUT
Apple
AAPL
$4.54T
$502M 0.59%
1,978,900
-958,400
-33% -$249M
AVGO icon
21
PUT
Broadcom
AVGO
$1.85T
$435M 0.52%
1,405,900
-261,400
-16% -$86M
AMZN icon
22
CALL
Amazon
AMZN
$2.92T
$427M 0.51%
2,050,000
-478,700
-19% -$105M
AMD icon
23
PUT
Advanced Micro Devices
AMD
$776B
$385M 0.46%
1,893,100
-910,700
-32% -$194M
AMD icon
24
CALL
Advanced Micro Devices
AMD
$776B
$362M 0.43%
1,779,100
-1,054,000
-37% -$225M
AVGO icon
25
CALL
Broadcom
AVGO
$1.85T
$346M 0.41%
1,119,400
-278,800
-20% -$91.7M
1
2 3 4 5

Similar funds

BNP Paribas Asset Management
BNP Paribas Asset Management Paris, France $86.1B AUM 29.11% 1-Year Est. Return
Mariner
Mariner Overland Park, Kansas $85.7B AUM 24.21% 1-Year Est. Return
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 Q1 2026 Portfolio in Review

As of Q1 2026, Belvedere Trading held 1,186 positions worth $84.4B, down 9.3% from $93.1B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Belvedere Trading withdrew a net $6.57B in Q1 2026, closing 460 positions and reducing 218 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $52M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.28% of assets, up from 0.23% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Belvedere Trading opened a new position in Meta Platforms (Facebook) worth $84.7M.

  • Belvedere Trading's largest Q1 2026 buy was Meta Platforms (Facebook): 148,050 shares worth $84.7M.
  • Belvedere Trading added most to State Street SPDR S&P 500 ETF Trust in Q1 2026, an estimated $172M increase.
  • Belvedere Trading's biggest Q1 2026 reduction was Advanced Micro Devices, cutting an estimated $31.3M.
  • Belvedere Trading fully exited Invesco QQQ Trust in Q1 2026, selling an estimated $52M.
  • Belvedere Trading's ten largest holdings make up 87% of its $84.4B portfolio in Q1 2026.
  • Belvedere Trading opened 337 new positions and closed 460 in Q1 2026.
  • Belvedere Trading's portfolio value fell 9.3% quarter-over-quarter to $84.4B.

Based on Belvedere Trading's 13F filing for Q1 2026, filed 12 May 2026.