Belvedere Trading LLC
Institutional investor · Portfolio as of Q3 2025
Top Holdings888 positions
SPDR S&P 500 ETF TR | 31M | $20.7B | 23.8% | — | — | — | Decreased — |
SPDR S&P 500 ETF TR | 28.1M | $18.7B | 21.6% | — | — | — | Decreased — |
TESLA INC | 13.2M | $5.9B | 6.8% | — | — | — | Increased — |
INVESCO QQQ TR | 8.8M | $5.3B | 6.1% | — | — | — | Decreased — |
NVIDIA CORPORATION | 28M | $5.2B | 6.0% | — | — | — | Increased — |
NVIDIA CORPORATION | 25.2M | $4.7B | 5.4% | — | — | — | Decreased — |
TESLA INC | 10.5M | $4.7B | 5.4% | — | — | — | Increased — |
INVESCO QQQ TR | 6.5M | $3.9B | 4.5% | — | — | — | Decreased — |
META PLATFORMS INC | 2.1M | $1.6B | 1.8% | — | — | — | Decreased — |
ISHARES TR | 5.4M | $1.3B | 1.5% | — | — | — | Decreased — |
META PLATFORMS INC | 1.7M | $1.2B | 1.4% | — | — | — | Decreased — |
MICROSTRATEGY INC | 3.6M | $1.2B | 1.3% | — | — | — | Decreased — |
ISHARES TR | 4.1M | $1B | 1.2% | — | — | — | Decreased — |
MICROSTRATEGY INC | 2.8M | $893.8M | 1.0% | — | — | — | Increased — |
APPLE INC | 3.3M | $837.8M | 1.0% | — | — | — | Increased — |
APPLE INC | 2.9M | $731.1M | 0.8% | — | — | — | Decreased — |
SPDR GOLD TR | 2M | $726.9M | 0.8% | — | — | — | Decreased — |
BROADCOM INC | 2M | $659.8M | 0.8% | — | — | — | Increased — |
VANECK ETF TRUST | 1.9M | $610.9M | 0.7% | — | — | — | Decreased — |
VANECK ETF TRUST | 1.9M | $605.6M | 0.7% | — | — | — | Increased — |
Belvedere Trading LLC manages $86.9B across 888 positions as of Q3 2025. Top holdings: SPY puts (23.8%), SPY calls (21.6%), TSLA puts (6.8%). Fund DNA: Diversified Scout. HoldingsIntel Score: 1/5.0.
Active quarter - 144 new positions, 110 exits, 63 increased. No standout high-conviction moves this quarter. Portfolio: $86.9B across 888 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