Belvedere Trading LLC
Institutional investor · Portfolio as of Q2 2025
Top Holdings807 positions
SPDR S&P 500 ETF Trust | 35.4M | $21.9B | 25.6% | — | — | — | Decreased — |
SPDR S&P 500 ETF Trust | 33M | $20.4B | 23.8% | — | — | — | Decreased — |
Invesco QQQ Trust Series 1 | 9.4M | $5.2B | 6.1% | — | — | — | Increased — |
NVIDIA Corp | 30.2M | $4.8B | 5.6% | — | — | — | Decreased — |
Invesco QQQ Trust Series 1 | 7.8M | $4.3B | 5.0% | — | — | — | Decreased — |
NVIDIA Corp | 27M | $4.3B | 5.0% | — | — | — | Increased — |
Tesla Inc | 12.2M | $3.9B | 4.5% | — | — | — | Increased — |
Tesla Inc | 10M | $3.2B | 3.7% | — | — | — | Decreased — |
Facebook Inc | 2.4M | $1.8B | 2.1% | — | — | — | Decreased — |
MicroStrategy Inc | 4.2M | $1.7B | 2.0% | — | — | — | Increased — |
iShares Russell 2000 ETF | 7M | $1.5B | 1.8% | — | — | — | Increased — |
Facebook Inc | 1.7M | $1.3B | 1.5% | — | — | — | Decreased — |
MicroStrategy Inc | 2.7M | $1.1B | 1.3% | — | — | — | Increased — |
iShares Russell 2000 ETF | 5M | $1.1B | 1.3% | — | — | — | Decreased — |
SPDR GOLD TRUST GOLD SHS | 3M | $911.3M | 1.1% | — | — | — | Decreased — |
SPDR GOLD TRUST GOLD SHS | 2.3M | $691.5M | 0.8% | — | — | — | Decreased — |
VanEck Vectors Semiconductor ETF | 2.4M | $663.7M | 0.8% | — | — | — | Increased — |
Apple Inc | 3M | $623.9M | 0.7% | — | — | — | Decreased — |
Apple Inc | 3M | $605.4M | 0.7% | — | — | — | Decreased — |
Amazon.com Inc | 2.6M | $576.2M | 0.7% | — | — | — | Increased — |
Belvedere Trading LLC manages $85.5B across 807 positions as of Q2 2025. Top holdings: SPY puts (25.6%), SPY calls (23.8%), QQQ puts (6.1%). Fund DNA: Diversified Scout. HoldingsIntel Score: 1/5.0.
Active quarter - 136 new positions, 95 exits, 39 increased. No standout high-conviction moves this quarter. Portfolio: $85.5B across 807 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