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Asset Manager ← All Institutions

Belvedere Trading LLC

Q2 2025 · Filed 2025-08-01
Market Value
$1.3B
+10.1%
Holdings
279
-4
New Purchases
121
Added To
32
Closed
85
Reduced
40
Top 10 Concentration
85.9%
Turnover
73.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SMH 8.36% 0.00% +8.36% $105M
MSTR 30.10% 22.56% +7.54% $380M
IBIT 7.59% 0.24% +7.34% $96M
QQQ 4.27% 0.00% +4.27% $54M
SMCI 3.57% 0.00% +3.57% $45M
AVGO 4.73% 1.82% +2.91% $60M
GLD 2.67% 0.00% +2.67% $34M
PPLT 0.86% 0.01% +0.84% $11M
AMD 5.07% 4.37% +0.70% $64M
SLV 0.48% 0.00% +0.48% $6M
EFA 0.41% 0.00% +0.41% $5M
RINF 0.21% 0.00% +0.21% $3M
SLVR 0.20% 0.00% +0.20% $3M
PALL 0.23% 0.07% +0.16% $3M
EEM 0.32% 0.16% +0.16% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPY 5.16% 28.42% -23.26% $65M
NVDA 13.87% 23.28% -9.41% $175M
META 1.44% 5.18% -3.74% $18M
AMZN 1.41% 2.91% -1.50% $18M
AAPL 0.43% 1.78% -1.35% $5M
IWM 3.15% 3.49% -0.33% $40M
TSLA 0.58% 0.91% -0.33% $7M
TSLL 0.00% 0.27% -0.27% $0
XOM 0.00% 0.21% -0.21% $0
BITX 0.00% 0.13% -0.13% $0
SOXL 0.05% 0.18% -0.13% $598K
HUYA 0.03% 0.16% -0.13% $433K
LEN 0.02% 0.11% -0.09% $230K
NVDL 0.00% 0.08% -0.08% $0
AGQ 0.01% 0.09% -0.08% $121K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 22 $477M 37.8%
Large Cap 50 $726M 57.5%
Mid Cap 52 $23M 1.8%
Small Cap 72 $20M 1.6%
Micro Cap 83 $15M 1.2%

Portfolio Analytics

Avg Market Cap
$135.2B
Median Market Cap
$1.1B
Avg P/E
46.7
Median P/E
25.6
Avg Dividend Yield
0.01%
Avg Beta
1.53
# Stocks
113
# ETFs / Funds
166

Top Holdings (279 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSTR 30.10% 939,151 $380M $404.23 $121M +42,379 +4.7%
2 NVDA 13.87% 1,107,341 $175M $157.99 -$92M -1,354,194 -55.0%
3 SMH 8.36% 378,298 $105M $278.88 +378,298 NEW
4 IBIT 7.59% 1,563,391 $96M $61.21 $93M +1,503,839 +2525.2%
5 SPY 5.16% 105,417 $65M $617.85 -$260M -476,680 -81.9%
6 AMD 5.07% 450,918 $64M $141.90 $14M -36,799 -7.5%
7 AVGO 4.73% 216,437 $60M $275.65 $39M +91,822 +73.7%
8 QQQ 4.27% 97,711 $54M $551.64 +97,711 NEW
9 SMCI 3.57% 919,958 $45M $49.01 +919,958 NEW
10 IWM 3.15% 184,395 $40M $215.79 -$157K -15,853 -7.9%
11 GLD 2.67% 110,487 $34M $304.83 +110,487 NEW
12 META 1.44% 24,611 $18M $738.09 -$41M -78,368 -76.1%
13 AMZN 1.41% 81,294 $18M $219.39 -$16M -94,012 -53.6%
14 PPLT 0.86% 87,902 $11M $122.87 $11M +86,068 +4692.9%
15 VOO 0.70% 15,439 $9M $568.03 $1M +929 +6.4%
16 TSLA 0.58% 23,007 $7M $317.66 -$3M -17,153 -42.7%
17 SLV 0.48% 186,270 $6M $32.81 +186,270 NEW
18 AAPL 0.43% 26,310 $5M $205.17 -$15M -65,275 -71.3%
19 EFA 0.41% 57,755 $5M $89.39 +57,755 NEW
20 EEM 0.32% 83,356 $4M $48.24 $2M +40,793 +95.8%
21 PALL 0.23% 28,907 $3M $100.61 $2M +19,686 +213.5%
22 RINF 0.21% 81,836 $3M $32.69 +81,836 NEW
23 SLVR 0.20% 84,104 $3M $29.84 +84,104 NEW
24 BITU 0.17% 41,177 $2M $51.75 -$346K -33,256 -44.7%
25 SGDJ 0.15% 38,671 $2M $49.72 +38,671 NEW
26 ARGT 0.14% 21,033 $2M $84.73 $124K +504 +2.5%
27 NVDX 0.14% 121,969 $2M $14.57 $1M +54,263 +80.2%
28 IYY 0.13% 11,012 $2M $150.87 $2M +10,274 +1392.1%
29 HIMS 0.12% 29,235 $1M $49.85 +29,235 NEW
30 UGL 0.11% 41,400 $1M $34.66 +41,400 NEW
31 CWEB 0.11% 34,624 $1M $39.61 -$6K +2,646 +8.3%
32 SCHB 0.10% 50,954 $1M $23.83 +50,954 NEW
33 GDX 0.10% 23,209 $1M $52.06 -$261K -8,752 -27.4%
34 CONL 0.09% 24,529 $1M $46.13 +24,529 NEW
35 GDXJ 0.08% 15,346 $1M $67.59 +15,346 NEW
36 HOOD 0.08% 10,854 $1M $93.63 +10,854 NEW
37 MTUM 0.08% 4,210 $1M $240.32 $2K -787 -15.8%
38 NVDU 0.08% 10,002 $990K $98.99 $852K +7,371 +280.2%
39 UDN 0.07% 47,846 $905K $18.91 -$12K -4,378 -8.4%
40 COIN 0.07% 2,547 $893K $350.49 +2,547 NEW
41 TMF 0.07% 22,232 $872K $39.24 $852K +21,767 +4681.1%
42 CONI 0.07% 353,049 $851K $2.41 +353,049 NEW
43 GGLL 0.06% 23,250 $808K $34.75 +23,250 NEW
44 GOOGL 0.06% 4,553 $802K $176.23 +4,553 NEW
45 SIVR 0.06% 21,572 $742K $34.41 +21,572 NEW
46 VRT 0.06% 5,652 $726K $128.41 +5,652 NEW
47 QTUM 0.05% 7,503 $689K $91.82 +7,503 NEW
48 COF 0.05% 3,231 $687K $212.76 +3,231 NEW
49 NLR 0.05% 5,904 $656K $111.18 -$409K -8,642 -59.4%
50 XXRP 0.05% 22,303 $650K $29.14 +22,303 NEW
51 PLTY 0.05% 9,493 $610K $64.26 +9,493 NEW
52 SOXL 0.05% 23,831 $598K $25.11 -$1M -104,064 -81.4%
53 HUT.TO 0.05% 31,491 $586K $18.60 $227K +607 +2.0%
54 GME 0.04% 19,508 $476K $24.39 -$410K -20,165 -50.8%
55 AEVA 0.04% 12,231 $462K $37.79 +12,231 NEW
56 TUA 0.03% 19,701 $434K $22.03 +19,701 NEW
57 HUYA 0.03% 122,958 $433K $3.52 -$1M -452,185 -78.6%
58 EDV 0.03% 6,400 $431K $67.30 +6,400 NEW
59 ULTY 0.03% 65,119 $410K $6.30 $408K +64,720 +16220.5%
60 ITUB 0.03% 56,789 $386K $6.79 +56,789 NEW
61 VXX 0.03% 7,968 $383K $48.05 +7,968 NEW
62 UTHY 0.03% 8,794 $368K $41.83 +8,794 NEW
63 SLYG 0.03% 4,100 $364K $88.75 +4,100 NEW
64 BKCH 0.03% 6,600 $348K $52.68 $178K +1,452 +28.2%
65 TNA 0.03% 10,258 $344K $33.54 +10,258 NEW
66 TZA 0.03% 28,769 $341K $11.86 +28,769 NEW
67 SMCY 0.03% 15,682 $333K $21.21 $257K +12,045 +331.2%
68 COOP 0.03% 2,211 $330K $149.21 $270K +1,713 +344.0%
69 ARM 0.03% 2,037 $329K $161.74 +2,037 NEW
70 BIL 0.03% 3,587 $329K $91.73 -$14K -157 -4.2%
71 NUKZ 0.02% 5,311 $300K $56.56 +5,311 NEW
72 CNR 0.02% 4,252 $297K $69.74 -$206K -2,265 -34.8%
73 EMXC 0.02% 4,657 $294K $63.14 +4,657 NEW
74 BITO 0.02% 13,594 $292K $21.51 +13,594 NEW
75 0HHU.L 0.02% 16,864 $283K $16.81 -$290 +269 +1.6%
76 KOLD 0.02% 10,883 $279K $25.61 +10,883 NEW
77 BOIL 0.02% 6,028 $278K $46.08 +6,028 NEW
78 IYM 0.02% 1,872 $262K $140.01 +1,872 NEW
79 VIXY 0.02% 5,563 $261K $46.88 +5,563 NEW
80 ETHA 0.02% 13,585 $259K $19.07 +13,585 NEW
81 TQQQ 0.02% 3,021 $251K $83.00 +3,021 NEW
82 XMMO 0.02% 1,942 $250K $128.63 -$627K -5,765 -74.8%
83 DFDV 0.02% 11,625 $249K $21.44 +11,625 NEW
84 PTEC 0.02% 6,600 $245K $37.19 +6,600 NEW
85 JAAA 0.02% 4,744 $241K $50.75 +4,744 NEW
86 QUBT 0.02% 12,557 $241K $19.17 +12,557 NEW
87 AAAU 0.02% 7,323 $239K $32.68 +7,323 NEW
88 AQWA 0.02% 12,600 $239K $18.97 +12,600 NEW
89 LEN 0.02% 2,082 $230K $110.61 -$1M -9,083 -81.3%
90 EEMX 0.02% 6,139 $230K $37.47 -$137K -4,800 -43.9%
91 INDA 0.02% 4,116 $229K $55.68 +4,116 NEW
92 DXJ 0.02% 2,000 $229K $114.27 +2,000 NEW
93 CEE 0.02% 14,395 $223K $15.52 $16K
94 LFGY 0.02% 5,411 $220K $40.60 $134K +2,916 +116.9%
95 BITQ 0.02% 11,131 $220K $19.72 +11,131 NEW
96 DJT 0.02% 12,005 $217K $18.04 +12,005 NEW
97 NFLX 0.02% 161 $216K $1,339.13 +161 NEW
98 IVV 0.02% 342 $212K $620.90 +342 NEW
99 BAI 0.02% 7,194 $208K $28.85 +7,194 NEW
100 BABO 0.02% 13,301 $203K $15.24 +13,301 NEW

Options Breakdown

377 Calls $40.0B Call Value 290 Puts $44.2B Put Value 1.11 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 32,996,000 $20.4B
QQQ 7,819,400 $4.3B
NVDA 26,976,600 $4.3B
TSLA 9,998,500 $3.2B
META 2,414,300 $1.8B
MSTR 2,749,200 $1.1B
IWM 4,952,200 $1.1B
GLD 2,989,500 $911M
AAPL 3,040,800 $624M
AMZN 2,219,100 $487M

Top Puts

SymbolSharesValueStatus
SPY 35,437,400 $21.9B
QQQ 9,395,200 $5.2B
NVDA 30,220,500 $4.8B
TSLA 12,181,000 $3.9B
MSTR 4,174,100 $1.7B
IWM 6,996,300 $1.5B
META 1,709,600 $1.3B
GLD 2,268,500 $692M
SMH 2,379,700 $664M
AAPL 2,950,700 $605M

New Positions

SymbolValue% Port
SMH $105M 8.36%
QQQ $54M 4.27%
SMCI $45M 3.57%
GLD $34M 2.67%
SLV $6M 0.48%
EFA $5M 0.41%
RINF $3M 0.21%
SLVR $3M 0.20%
SGDJ $2M 0.15%
HIMS $1M 0.12%
UGL $1M 0.11%
SCHB $1M 0.10%
CONL $1M 0.09%
GDXJ $1M 0.08%
HOOD $1M 0.08%

Sold Out Positions

SymbolValue% Port
XOM —%
EVTL —%
GPGI —%
NPWR —%
SLQT —%
KTB —%
AMPX —%
TUYA —%
TTE —%
ZH —%
BITX —%
TSM —%
FEPI —%
API —%
CBNK —%
View SEC EDGAR Filings for Belvedere Trading LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms