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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 | |
|---|---|---|---|---|---|---|---|
201
CALL
Bloom Energy
BE
$58B
| $91.4M | 0.07% |
+1,241,800
| New | +$57.7M |
2025 Q3
0 quarters
|
|
202
PUT
Bank of America
BAC
$343B
| $90M | 0.06% |
+1,716,800
| New | +$83.8M |
2025 Q3
0 quarters
|
|
203
CALL
Chipotle Mexican Grill
CMG
$41.6B
| $89.5M | 0.06% |
2,243,100
+570,300
| +34% | +$25.7M |
2016 Q2
37 quarters
|
|
|
204
State Street Financial Select Sector SPDR ETF
XLF
$53.7B
| $89.1M | 0.06% |
1,646,746
+1,358,618
| +472% | +$72M |
2024 Q3
4 quarters
|
|
205
PUT
Quanta Services
PWR
$93.6B
| $88.8M | 0.06% |
+217,000
| New | +$84.3M |
2025 Q3
0 quarters
|
|
206
PUT
Snowflake
SNOW
$103B
| $88.7M | 0.06% |
+393,900
| New | +$84.6M |
2025 Q3
0 quarters
|
|
207
PUT
RTX Corp
RTX
$270B
| $88.7M | 0.06% |
+542,000
| New | +$84.1M |
2025 Q3
0 quarters
|
|
208
CALL
Thermo Fisher Scientific
TMO
$258B
| $88.4M | 0.06% |
191,300
+133,900
| +233% | +$62.3M |
2017 Q3
32 quarters
|
|
209
PUT
Iris Energy
IREN
$8.68B
| $88M | 0.06% |
1,916,600
+1,019,400
| +114% | +$24.8M |
2025 Q2
1 quarter
|
|
210
Alphabet (Google) Class C
GOOG
$3.42T
| $87.2M | 0.06% |
356,883
+159,269
| +81% | +$33.5M |
2016 Q2
37 quarters
|
|
211
PUT
Arm
ARM
$210B
| $86.2M | 0.06% |
+616,600
| New | +$89.8M |
2025 Q3
0 quarters
|
|
212
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$24.5B
| $86.2M | 0.06% |
1,979,600
+176,200
| +10% | +$7.45M |
2020 Q2
21 quarters
|
|
213
State Street Industrial Select Sector SPDR ETF
XLI
$31.4B
| $84.5M | 0.06% |
552,256
+4,927
| +0.9% | +$746K |
2022 Q2
13 quarters
|
|
214
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.42B
| $84M | 0.06% |
629,400
+76,300
| +14% | +$9.9M |
2023 Q1
10 quarters
|
|
215
PUT
AbbVie
ABBV
$510B
| $83.5M | 0.06% |
374,200
+115,300
| +45% | +$23.5M |
2025 Q2
1 quarter
|
|
216
PUT
GE Aerospace
GE
$328B
| $82.9M | 0.06% |
282,200
-41,800
| -13% | -$11.4M |
2016 Q2
37 quarters
|
|
217
CALL
Hims & Hers Health
HIMS
$5.89B
| $82.8M | 0.06% |
1,400,700
-256,400
| -15% | -$13.1M |
2024 Q3
4 quarters
|
|
218
CALL
Block Inc
XYZ
$46.3B
| $82.6M | 0.06% |
1,095,900
+32,900
| +3% | +$2.46M |
2025 Q1
2 quarters
|
|
|
219
Microsoft
MSFT
$3.77T
| $82.5M | 0.06% |
160,224
-175,568
| -52% | -$89.6M |
2017 Q1
34 quarters
|
|
220
CALL
Honeywell
HON
$69.2B
| $81.3M | 0.06% |
412,411
+191,829
| +87% | +$40.1M |
2019 Q4
23 quarters
|
|
221
PUT
Super Micro Computer
SMCI
$20B
| $80.8M | 0.06% |
1,743,900
+24,600
| +1% | +$1.17M |
2024 Q4
3 quarters
|
|
222
CALL
Rocket Lab Corp
RKLB
$33.3B
| $80.8M | 0.06% |
1,718,300
-25,600
| -1% | -$1.16M |
2023 Q3
8 quarters
|
|
223
PUT
Constellation Energy
CEG
$91.1B
| $80.5M | 0.06% |
240,700
-31,400
| -12% | -$10.1M |
2023 Q2
9 quarters
|
|
224
PUT
Chevron
CVX
$444B
| $79.3M | 0.06% |
507,900
+700
| +0.1% | +$108K |
2019 Q4
23 quarters
|
|
225
PUT
KLA
KLAC
$199B
| $79.3M | 0.06% |
745,000
+329,000
| +79% | +$30.7M |
2019 Q3
24 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.