Belvedere Trading LLC
Institutional investor · Portfolio as of Q1 2025
Top Holdings681 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 48.6M | $27.2B | 30.7% | — | — | — | Increased — |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 47M | $26.3B | 29.6% | — | — | — | Increased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 9.2M | $4.3B | 4.9% | — | — | — | Increased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 9M | $4.2B | 4.8% | — | — | — | Increased — |
NVIDIA CORP | 33.8M | $3.7B | 4.1% | — | — | — | Decreased — |
NVIDIA CORP | 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-CLASS A | 3M | $1.7B | 2.0% | — | — | — | Decreased — |
ISHARES RUSSELL 2000 ETF ETF | 6.2M | $1.2B | 1.4% | — | — | — | Increased — |
META PLATFORMS INC-CLASS A | 2.1M | $1.2B | 1.4% | — | — | — | Decreased — |
ISHARES RUSSELL 2000 ETF ETF | 5.4M | $1.1B | 1.2% | — | — | — | Increased — |
STRATEGY INC | 3.4M | $975.9M | 1.1% | — | — | — | Increased — |
SPDR GOLD TRUST | 3.1M | $901M | 1.0% | — | — | — | Decreased — |
SPDR GOLD TRUST | 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 (30.7%), SPY (29.6%), QQQ (4.9%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 1/5.0.
Active quarter - 96 new positions, 137 exits, 37 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