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Wolverine Trading Portfolio holdings
AUM
$139B
Turnover
41.01%
1-Year Est. Return
31.83%
This Fund
S&P 500
This Quarter Est. Return
+13.87%
1 Year Est. Return
+31.83%
3 Year Est. Return
+143.85%
5 Year Est. Return
+179.05%
10 Year Est. Return
–
AUM
$139B
AUM Growth
+$39.4B
(+40%)
Cap. Flow
+$628M
Cap. Flow % of AUM
Cap. Flow %
0.45%
Top 10 Holdings %
Top 10 Hldgs %
33.61%
Holding
6,338
New
1,826
Increased
2,358
Reduced
1,363
Closed
773
Avg Time Held
Equity + Options
1.3
years
Top 10 Avg Time Held
Equity + Options
1.7
years
Top 20 Avg Time Held
Equity + Options
1.7
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.8
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$111M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$99.2M |
| 3 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$72M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$65.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$42.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$315M |
| 2 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$187M |
| 3 |
Microsoft
MSFT
|
+$89.6M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$53.4M |
| 5 |
Tesla
TSLA
|
+$51.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 97.66% |
| 2 | Technology | 0.7% |
| 3 | Consumer Discretionary | 0.39% |
| 4 | Financials | 0.24% |
| 5 | Communication Services | 0.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $7.72B | 5.56% |
11,624,700
-3,190,700
| -22% | -$2.05B |
2020 Q4
19 quarters
|
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $7.48B | 5.39% |
11,273,700
+2,571,100
| +30% | +$1.65B |
2020 Q4
19 quarters
|
|
|
3
CALL
Invesco QQQ Trust
QQQ
$467B
| $6.74B | 4.86% |
+11,263,800
| New | +$6.45B |
2025 Q3
0 quarters
|
|
|
4
PUT
Invesco QQQ Trust
QQQ
$467B
| $5.43B | 3.91% |
+9,061,900
| New | +$5.19B |
2025 Q3
0 quarters
|
|
|
5
CALL
Tesla
TSLA
$1.52T
| $4.44B | 3.2% |
10,021,700
-144,800
| -1% | -$50.2M |
2016 Q4
35 quarters
|
|
6
CALL
NVIDIA
NVDA
$4.83T
| $4.35B | 3.14% |
23,921,800
-653,000
| -3% | -$114M |
2016 Q2
37 quarters
|
|
|
7
CALL
Meta Platforms (Facebook)
META
$1.61T
| $3.22B | 2.32% |
4,335,500
-221,600
| -5% | -$165M |
2016 Q2
37 quarters
|
|
|
8
PUT
NVIDIA
NVDA
$4.83T
| $2.61B | 1.88% |
14,335,200
-1,422,200
| -9% | -$248M |
2016 Q2
37 quarters
|
|
|
9
PUT
Tesla
TSLA
$1.52T
| $2.46B | 1.77% |
5,555,500
-268,200
| -5% | -$93M |
2016 Q4
35 quarters
|
|
|
10
CALL
Microsoft
MSFT
$4.13T
| $2.18B | 1.57% |
4,243,400
-74,400
| -2% | -$38M |
2016 Q2
37 quarters
|
|
11
CALL
Strategy Inc
MSTR
$60.4B
| $1.86B | 1.34% |
5,711,200
+51,400
| +0.9% | +$19.1M |
2024 Q1
6 quarters
|
|
12
CALL
Apple
AAPL
$5.1T
| $1.85B | 1.33% |
+7,265,000
| New | +$1.64B |
2025 Q3
0 quarters
|
|
13
CALL
SPDR Gold Trust
GLD
$136B
| $1.84B | 1.32% |
5,212,400
+619,600
| +13% | +$197M |
2025 Q1
2 quarters
|
|
|
14
PUT
Meta Platforms (Facebook)
META
$1.61T
| $1.58B | 1.14% |
2,124,600
-302,300
| -12% | -$225M |
2016 Q2
37 quarters
|
|
15
CALL
Amazon
AMZN
$2.88T
| $1.39B | 1% |
+6,245,800
| New | +$1.41B |
2025 Q3
0 quarters
|
|
|
16
PUT
Microsoft
MSFT
$4.13T
| $1.28B | 0.92% |
2,481,400
-18,300
| -0.7% | -$9.34M |
2016 Q2
37 quarters
|
|
17
PUT
Netflix
NFLX
$276B
| $1.26B | 0.91% |
10,416,000
-2,696,000
| -21% | -$329M |
2016 Q2
37 quarters
|
|
|
18
CALL
Netflix
NFLX
$276B
| $1.15B | 0.83% |
9,561,000
-1,327,000
| -12% | -$162M |
2016 Q2
37 quarters
|
|
|
19
PUT
Apple
AAPL
$5.1T
| $1.13B | 0.82% |
+4,453,200
| New | +$1.01B |
2025 Q3
0 quarters
|
|
20
CALL
Palantir
PLTR
$413B
| $1.13B | 0.81% |
6,317,900
+18,000
| +0.3% | +$2.92M |
2020 Q4
19 quarters
|
|
|
21
PUT
Strategy Inc
MSTR
$60.4B
| $1.07B | 0.77% |
3,285,200
+487,500
| +17% | +$181M |
2024 Q1
6 quarters
|
|
22
CALL
Alphabet (Google) Class A
GOOGL
$3.55T
| $1.03B | 0.75% |
4,235,000
+148,700
| +4% | +$31.1M |
2016 Q2
37 quarters
|
|
23
CALL
Broadcom
AVGO
$1.55T
| $1.03B | 0.74% |
3,143,500
+400,800
| +15% | +$123M |
2019 Q2
25 quarters
|
|
|
24
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $828M | 0.6% |
1,787,400
+344,000
| +24% | +$155M |
2024 Q1
6 quarters
|
|
25
CALL
UnitedHealth
UNH
$367B
| $815M | 0.59% |
2,362,400
+435,100
| +23% | +$132M |
2017 Q4
31 quarters
|
|
Similar funds
Wolverine Trading's Q3 2025 Portfolio in Review
As of Q3 2025, Wolverine Trading held 6,338 positions worth $139B, up 40% from $99.3B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Wolverine Trading's Q3 2025 filing shows 1,826 new, 2,358 increased, 1,363 reduced and 773 closed positions. Its largest new stake was Berkshire Hathaway Class B: 229,185 shares worth $114M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $315M.
By sector, the portfolio is most concentrated in Miscellaneous at 98% of assets, down from 98% a quarter earlier, followed by Technology and Consumer Discretionary.
- Wolverine Trading's largest Q3 2025 buy was Berkshire Hathaway Class B: 229,185 shares worth $114M.
- Wolverine Trading added most to State Street Financial Select Sector SPDR ETF in Q3 2025, an estimated $72M increase.
- Wolverine Trading's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $315M.
- Wolverine Trading fully exited State Street Real Estate Select Sector SPDR ETF in Q3 2025, selling an estimated $24.4M.
- Wolverine Trading's ten largest holdings make up 34% of its $139B portfolio in Q3 2025.
- Wolverine Trading opened 1,826 new positions and closed 773 in Q3 2025.
- Wolverine Trading's portfolio value rose 40% quarter-over-quarter to $139B.
Based on Wolverine Trading's 13F filing for Q3 2025, filed 14 Nov 2025.