Belvedere Trading LLC
Institutional investor · Portfolio as of Q4 2025
Top Holdings857 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 23.4M | $16B | 17.2% | — | — | — | Decreased — |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 22.7M | $15.5B | 16.6% | — | — | — | Decreased — |
EVERSOURCE ENERGY COM STK | 1.7M | $12.1B | 13.0% | — | — | — | New — |
TESLA INC | 12.6M | $5.7B | 6.1% | — | — | — | Decreased — |
NVIDIA CORP | 26.8M | $5B | 5.4% | — | — | — | Decreased — |
TESLA INC | 11M | $5B | 5.3% | — | — | — | Increased — |
NVIDIA CORP | 24.9M | $4.6B | 5.0% | — | — | — | Decreased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 7.1M | $4.4B | 4.7% | — | — | — | Decreased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 6.2M | $3.8B | 4.1% | — | — | — | Decreased — |
EVERSOURCE ENERGY COM STK | 529,650 | $3.7B | 4.0% | — | — | — | New — |
SOUTHERN CO/THE | 22.7M | $1.6B | 1.7% | — | — | — | New — |
SOUTHERN CO/THE | 18.7M | $1.3B | 1.4% | — | — | — | New — |
META PLATFORMS INC-CLASS A | 2M | $1.3B | 1.4% | — | — | — | Decreased — |
ISHARES RUSSELL 2000 ETF ETF | 4M | $983.4M | 1.1% | — | — | — | Decreased — |
META PLATFORMS INC-CLASS A | 1.4M | $948.5M | 1.0% | — | — | — | Decreased — |
APPLE INC | 2.9M | $798.5M | 0.9% | — | — | — | Decreased — |
VANECK SEMICONDUCTOR ETF | 2.2M | $774.6M | 0.8% | — | — | — | Increased — |
APPLE INC | 2.7M | $743.5M | 0.8% | — | — | — | Decreased — |
SPDR GOLD TRUST | 1.8M | $729M | 0.8% | — | — | — | Decreased — |
ISHARES RUSSELL 2000 ETF ETF | 2.9M | $719.6M | 0.8% | — | — | — | Decreased — |
Belvedere Trading LLC manages $93.1B across 857 positions as of Q4 2025. Top holdings: SPY (17.2%), SPY (16.6%), ES (13.0%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 1/5.0.
Active quarter - 146 new positions, 150 exits, 48 increased. No standout high-conviction moves this quarter. Portfolio: $93.1B across 857 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