Belvedere Trading LLC
Institutional investor · Portfolio as of Q4 2025
Top Holdings857 positions
SPDR S&P 500 ETF TR | 23.4M | $16B | 17.2% | — | — | — | Decreased — |
SPDR S&P 500 ETF TR | 22.7M | $15.5B | 16.6% | — | — | — | Decreased — |
EVERSOURCE ENERGY | 1.7M | $12.1B | 13.0% | — | — | — | New — |
TESLA INC | 12.6M | $5.7B | 6.1% | — | — | — | Decreased — |
NVIDIA CORPORATION | 26.8M | $5B | 5.4% | — | — | — | Decreased — |
TESLA INC | 11M | $5B | 5.3% | — | — | — | Increased — |
NVIDIA CORPORATION | 24.9M | $4.6B | 5.0% | — | — | — | Decreased — |
INVESCO QQQ TR | 7.1M | $4.4B | 4.7% | — | — | — | Decreased — |
INVESCO QQQ TR | 6.2M | $3.8B | 4.1% | — | — | — | Decreased — |
EVERSOURCE ENERGY | 529,650 | $3.7B | 4.0% | — | — | — | New — |
SOUTHERN CO | 22.7M | $1.6B | 1.7% | — | — | — | New — |
SOUTHERN CO | 18.7M | $1.3B | 1.4% | — | — | — | New — |
META PLATFORMS INC | 2M | $1.3B | 1.4% | — | — | — | Decreased — |
ISHARES TR | 4M | $983.4M | 1.1% | — | — | — | Decreased — |
META PLATFORMS INC | 1.4M | $948.5M | 1.0% | — | — | — | Decreased — |
APPLE INC | 2.9M | $798.5M | 0.9% | — | — | — | Decreased — |
VANECK ETF TRUST | 2.2M | $774.6M | 0.8% | — | — | — | Increased — |
APPLE INC | 2.7M | $743.5M | 0.8% | — | — | — | Decreased — |
SPDR GOLD TR | 1.8M | $729M | 0.8% | — | — | — | Decreased — |
ISHARES TR | 2.9M | $719.6M | 0.8% | — | — | — | Decreased — |
Belvedere Trading LLC manages $93.1B across 857 positions as of Q4 2025. Top holdings: SPY puts (17.2%), SPY calls (16.6%), ES puts (13.0%). Fund DNA: Diversified Scout. HoldingsIntel Score: 1/5.0.
Active quarter - 147 new positions, 151 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
Verify source filings on SEC EDGAR