Belvedere Trading LLC
Institutional investor · Portfolio as of Q2 2026
Top Holdings1,038 positions
 STATE STR SPDR S&P 500 ETF T | 32M | $23.9B | 27.3% | — | — | — | Increased Unranked |
STATE STR SPDR S&P 500 ETF T | 27M | $20.1B | 23.0% | — | — | — | Increased — |
 Invesco QQQ Trust, Series 1 | 7M | $5.1B | 5.8% | — | — | — | Increased — |
Invesco QQQ Trust, Series 1 | 6.2M | $4.6B | 5.2% | — | — | — | Increased — |
 Tesla, Inc. | 8.2M | $3.4B | 3.9% | — | — | — | Decreased — |
 NVIDIA Corporation | 16.5M | $3.3B | 3.8% | — | — | — | Decreased — |
Tesla, Inc. | 7.4M | $3.1B | 3.6% | — | — | — | Decreased — |
NVIDIA Corporation | 14.8M | $3B | 3.4% | — | — | — | Decreased — |
 VANECK ETF TRUST | 4.3M | $2.8B | 3.2% | — | — | — | Increased — |
 Micron Technology, Inc. | 1.4M | $1.6B | 1.8% | — | — | — | Increased — |
VANECK ETF TRUST | 2.3M | $1.5B | 1.7% | — | — | — | Increased — |
 Advanced Micro Devices, Inc. | 2.5M | $1.4B | 1.6% | — | — | — | Increased — |
Advanced Micro Devices, Inc. | 2.3M | $1.3B | 1.5% | — | — | — | Increased — |
Micron Technology, Inc. | 1.1M | $1.2B | 1.4% | — | — | — | Increased — |
 Sandisk Corporation | 466,300 | $1.1B | 1.2% | — | — | — | Increased — |
 ISHARES TR | 2.8M | $834.4M | 1.0% | — | — | — | Decreased — |
 Apple Inc. | 2.2M | $622.2M | 0.7% | — | — | — | Increased — |
Apple Inc. | 2.1M | $621.8M | 0.7% | — | — | — | Increased — |
 Broadcom Inc. | 1.6M | $611.1M | 0.7% | — | — | — | Increased — |
 Meta Platforms, Inc. | 981,100 | $552.6M | 0.6% | — | — | — | Decreased — |
| Quarter | Reported value in US dollars | Reported value change |
|---|---|---|
| 2025-Q1 | $88,712,486,285 | 7.08473940717% |
| 2025-Q2 | $85,485,352,883 | -3.63774428735% |
| 2025-Q3 | $86,853,038,372 | 1.59990623291% |
| 2025-Q4 | $93,116,093,158 | 7.21109462996% |
| 2026-Q1 | $84,443,433,143 | -9.31381431595% |
| 2026-Q2 | $87,612,631,382 | 3.75304286081% |
Belvedere Trading LLC manages $87.6B across 1038 positions as of Q2 2026. Top holdings: SPY puts (27.3%), SPY calls (23.0%), QQQ calls (5.8%). Fund DNA: Diversified Scout. HoldingsIntel Score: 1/5.0.
Active quarter - 215 new positions, 116 exits, 54 increased. No standout high-conviction moves this quarter. Portfolio: $87.6B across 1038 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.
Similar Funds
Funds with similar investing DNA
Explore More
Accumulation Streaks
Positions with 2+ consecutive quarters of increases - persistent directional conviction.
Continue exploring
Famous Investors' Portfolios
What the most-followed managers hold, and what they bought and sold each quarter.
- Warren Buffett (Chairman Emeritus)Berkshire Hathaway
- Leopold AschenbrennerSituational Awareness
- Michael BurryScion Asset Management
- Cathie WoodARK Invest
- Bill AckmanPershing Square
- Stanley DruckenmillerDuquesne Family Office
- David TepperAppaloosa
- Ray Dalio (Founder)Bridgewater Associates
- Li LuHimalaya Capital
- Carl IcahnCarl C. Icahn
- Brad GerstnerAltimeter Capital
- Seth KlarmanThe Baupost Group
- Howard Marks (Co‑founder)Oaktree Capital Management
- Ken GriffinCitadel
- Paul Tudor JonesTudor Investment Corp
- George Soros (Founder)Soros Fund Management
- Steve CohenPoint72
- Terry SmithFundsmith
- Ken Fisher (Founder)Fisher Investments
Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR