Belvedere Trading LLC
Institutional investor · Portfolio as of Q3 2025
Top Holdings888 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 31M | $20.7B | 23.8% | — | — | — | Decreased — |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 28.1M | $18.7B | 21.6% | — | — | — | Decreased — |
TESLA INC | 13.2M | $5.9B | 6.8% | — | — | — | Increased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 8.8M | $5.3B | 6.1% | — | — | — | Decreased — |
NVIDIA CORP | 28M | $5.2B | 6.0% | — | — | — | Increased — |
NVIDIA CORP | 25.2M | $4.7B | 5.4% | — | — | — | Decreased — |
TESLA INC | 10.5M | $4.7B | 5.4% | — | — | — | Increased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 6.5M | $3.9B | 4.5% | — | — | — | Decreased — |
META PLATFORMS INC-CLASS A | 2.1M | $1.6B | 1.8% | — | — | — | Decreased — |
ISHARES RUSSELL 2000 ETF ETF | 5.4M | $1.3B | 1.5% | — | — | — | Decreased — |
META PLATFORMS INC-CLASS A | 1.7M | $1.2B | 1.4% | — | — | — | Decreased — |
STRATEGY INC | 3.6M | $1.2B | 1.3% | — | — | — | Decreased — |
ISHARES RUSSELL 2000 ETF ETF | 4.1M | $1B | 1.2% | — | — | — | Decreased — |
STRATEGY 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 TRUST | 2M | $726.9M | 0.8% | — | — | — | Decreased — |
BROADCOM INC | 2M | $659.8M | 0.8% | — | — | — | Increased — |
VANECK SEMICONDUCTOR ETF | 1.9M | $610.9M | 0.7% | — | — | — | Decreased — |
VANECK SEMICONDUCTOR ETF | 1.9M | $605.6M | 0.7% | — | — | — | Increased — |
Belvedere Trading LLC manages $86.9B across 888 positions as of Q3 2025. Top holdings: SPY (23.8%), SPY (21.6%), TSLA (6.8%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 1/5.0.
Active quarter - 144 new positions, 109 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