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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 | |
|---|---|---|---|---|---|---|---|
26
PUT
SPDR Gold Trust
GLD
$135B
| $813M | 0.59% |
2,306,100
-227,800
| -9% | -$72.6M |
2025 Q1
2 quarters
|
|
27
PUT
Broadcom
AVGO
$1.54T
| $811M | 0.58% |
2,474,400
+326,600
| +15% | +$100M |
2019 Q2
25 quarters
|
|
28
PUT
Amazon
AMZN
$2.68T
| $769M | 0.55% |
+3,460,200
| New | +$783M |
2025 Q3
0 quarters
|
|
29
CALL
Coinbase
COIN
$43.4B
| $758M | 0.55% |
2,269,200
-241,400
| -10% | -$81.9M |
2024 Q4
3 quarters
|
|
30
PUT
iShares Russell 2000 ETF
IWM
$79.1B
| $758M | 0.55% |
3,135,200
-2,945,800
| -48% | -$676M |
2023 Q2
9 quarters
|
|
31
CALL
Oracle
ORCL
$382B
| $747M | 0.54% |
2,641,900
+1,416,000
| +116% | +$361M |
2016 Q2
37 quarters
|
|
|
32
CALL
Berkshire Hathaway Class B
BRK.B
$1.16T
| $736M | 0.53% |
+1,474,900
| New | +$714M |
2025 Q3
0 quarters
|
|
33
CALL
Alphabet (Google) Class C
GOOG
$3.88T
| $721M | 0.52% |
2,949,900
+347,900
| +13% | +$73.1M |
2016 Q2
37 quarters
|
|
34
CALL
Goldman Sachs
GS
$255B
| $717M | 0.52% |
892,200
-56,400
| -6% | -$41.8M |
2016 Q2
37 quarters
|
|
35
PUT
Palantir
PLTR
$473B
| $706M | 0.51% |
3,949,100
+96,300
| +2% | +$15.6M |
2020 Q4
19 quarters
|
|
36
PUT
Booking.com
BKNG
$117B
| $701M | 0.51% |
3,212,500
-545,000
| -15% | -$122M |
2019 Q3
24 quarters
|
|
37
PUT
Eli Lilly
LLY
$1.14T
| $676M | 0.49% |
929,900
+211,800
| +29% | +$158M |
2022 Q4
11 quarters
|
|
|
38
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.1B
| $675M | 0.49% |
1,457,600
+184,300
| +14% | +$83.1M |
2024 Q1
6 quarters
|
|
|
39
CALL
Eli Lilly
LLY
$1.14T
| $666M | 0.48% |
916,400
+106,800
| +13% | +$79.5M |
2022 Q4
11 quarters
|
|
40
CALL
Advanced Micro Devices
AMD
$844B
| $663M | 0.48% |
+4,109,100
| New | +$663M |
2025 Q3
0 quarters
|
|
41
CALL
Applovin
APP
$87.1B
| $663M | 0.48% |
930,300
+133,800
| +17% | +$61.7M |
2024 Q4
3 quarters
|
|
|
42
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| $608M | 0.44% |
915,710
-492,116
| -35% | -$315M |
2020 Q4
19 quarters
|
|
43
CALL
Alibaba
BABA
$248B
| $552M | 0.4% |
3,069,700
+835,600
| +37% | +$109M |
2022 Q1
14 quarters
|
|
|
44
CALL
Booking.com
BKNG
$117B
| $537M | 0.39% |
2,462,500
-525,000
| -18% | -$117M |
2019 Q3
24 quarters
|
|
|
45
PUT
Goldman Sachs
GS
$255B
| $532M | 0.38% |
661,500
+52,300
| +9% | +$38.8M |
2016 Q2
37 quarters
|
|
46
CALL
Costco
COST
$445B
| $527M | 0.38% |
574,900
+50,100
| +10% | +$48M |
2016 Q2
37 quarters
|
|
|
47
PUT
Costco
COST
$445B
| $526M | 0.38% |
574,100
+57,900
| +11% | +$55.5M |
2016 Q2
37 quarters
|
|
|
48
CALL
iShares Russell 2000 ETF
IWM
$79.1B
| $519M | 0.37% |
2,146,000
-119,900
| -5% | -$27.5M |
2023 Q2
9 quarters
|
|
49
PUT
UnitedHealth
UNH
$375B
| $513M | 0.37% |
1,485,600
+334,600
| +29% | +$101M |
2017 Q4
31 quarters
|
|
50
CALL
Vanguard S&P 500 ETF
VOO
$1.03T
| $509M | 0.37% |
834,200
+83,300
| +11% | +$49.1M |
2022 Q4
11 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.