Belvedere Trading LLC
Institutional investor · Portfolio as of Q1 2025
Top Holdings681 positions
STATE STR SPDR S&P 500 ETF T | 48.6M | $27.2B | 30.7% | — | — | — | Increased — |
STATE STR SPDR S&P 500 ETF T | 47M | $26.3B | 29.6% | — | — | — | Increased — |
INVESCO QQQ TR | 9.2M | $4.3B | 4.9% | — | — | — | Increased — |
INVESCO QQQ TR | 9M | $4.2B | 4.8% | — | — | — | Increased — |
NVIDIA CORPORATION | 33.8M | $3.7B | 4.1% | — | — | — | Decreased — |
NVIDIA CORPORATION | 26.6M | $2.9B | 3.3% | — | — | — | Decreased — |
TESLA INC | 11M | $2.8B | 3.2% | — | — | — | Increased — |
TESLA INC | 10M | $2.6B | 2.9% | — | — | — | Increased — |
META PLATFORMS INC | 3M | $1.7B | 2.0% | — | — | — | Decreased — |
ISHARES TR | 6.2M | $1.2B | 1.4% | — | — | — | Increased — |
META PLATFORMS INC | 2.1M | $1.2B | 1.4% | — | — | — | Decreased — |
ISHARES TR | 5.4M | $1.1B | 1.2% | — | — | — | Increased — |
STRATEGY INC | 3.4M | $975.9M | 1.1% | — | — | — | Increased — |
SPDR GOLD TR | 3.1M | $901M | 1.0% | — | — | — | Decreased — |
SPDR GOLD TR | 3.1M | $882.7M | 1.0% | — | — | — | Decreased — |
APPLE INC | 3.7M | $823.5M | 0.9% | — | — | — | Decreased — |
APPLE INC | 3.6M | $801.8M | 0.9% | — | — | — | Decreased — |
STRATEGY INC | 2.5M | $733M | 0.8% | — | — | — | Increased — |
AMAZON COM INC | 2.5M | $474.9M | 0.5% | — | — | — | Decreased — |
AMAZON COM INC | 2.4M | $459.6M | 0.5% | — | — | — | Decreased — |
Belvedere Trading LLC manages $88.7B across 681 positions as of Q1 2025. Top holdings: SPY calls (30.7%), SPY puts (29.6%), QQQ puts (4.9%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.
Active quarter - 97 new positions, 138 exits, 38 increased. No standout high-conviction moves this quarter. Portfolio: $88.7B across 681 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR