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Asset Manager ← All Institutions

Belvedere Trading LLC

Q4 2025 · Filed 2026-02-10
Market Value
$533M
-56.8%
Holdings
342
+32
New Purchases
129
Added To
36
Closed
126
Reduced
49
Top 10 Concentration
59.4%
Turnover
74.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SMCI 6.90% 1.78% +5.12% $37M
GLD 4.33% 0.00% +4.33% $23M
AMD 8.62% 5.11% +3.51% $46M
QQQ 9.87% 6.82% +3.05% $53M
PLTR 3.80% 0.88% +2.92% $20M
WDC 2.64% 0.06% +2.58% $14M
SLVR 3.63% 1.07% +2.55% $19M
MSTR 4.73% 2.32% +2.41% $25M
SLV 2.28% 0.00% +2.28% $12M
KWEB 1.50% 0.00% +1.50% $8M
SIL 1.59% 0.10% +1.49% $8M
YINN 1.31% 0.00% +1.31% $7M
SNDK 1.21% 0.00% +1.21% $6M
CWEB 1.28% 0.19% +1.09% $7M
BABA 1.16% 0.14% +1.01% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TSLA 0.00% 15.29% -15.29% $0
SPY 2.76% 14.84% -12.08% $15M
NVDA 5.35% 14.12% -8.78% $28M
IBIT 6.39% 12.20% -5.80% $34M
AVGO 5.75% 9.63% -3.87% $31M
AAPL 0.00% 1.33% -1.33% $0
META 0.00% 1.28% -1.28% $0
AMZN 0.97% 1.78% -0.81% $5M
VOO 0.00% 0.78% -0.78% $0
IVOL 0.00% 0.28% -0.28% $0
SOLZ 0.00% 0.15% -0.15% $0
NFLU 0.11% 0.25% -0.14% $565K
BITU 0.06% 0.19% -0.13% $319K
COF 0.00% 0.12% -0.12% $0
TSLY 0.00% 0.12% -0.12% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 21 $218M 41.0%
Large Cap 63 $185M 34.7%
Mid Cap 62 $41M 7.6%
Small Cap 83 $33M 6.3%
Micro Cap 113 $55M 10.4%

Portfolio Analytics

Avg Market Cap
$90.6B
Median Market Cap
$1000M
Avg P/E
44.0
Median P/E
26.6
Avg Dividend Yield
0.08%
Avg Beta
1.62
# Stocks
132
# ETFs / Funds
210

Top Holdings (342 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QQQ 9.87% 85,555 $53M $614.31 -$31M -54,383 -38.9%
2 AMD 8.62% 214,307 $46M $214.16 -$17M -174,319 -44.9%
3 SMCI 6.90% 1,254,996 $37M $29.27 $15M +798,680 +175.0%
4 IBIT 6.39% 685,732 $34M $49.65 -$116M -1,624,692 -70.3%
5 AVGO 5.75% 88,526 $31M $346.10 -$88M -270,841 -75.4%
6 NVDA 5.35% 152,656 $28M $186.50 -$145M -779,304 -83.6%
7 MSTR 4.73% 165,694 $25M $151.95 -$3M +77,045 +86.9%
8 GLD 4.33% 58,131 $23M $396.31 +58,131 NEW
9 PLTR 3.80% 113,889 $20M $177.75 $9M +54,315 +91.2%
10 SLVR 3.63% 346,401 $19M $55.80 $6M +47,809 +16.0%
11 SPY 2.76% 21,554 $15M $681.92 -$168M -252,803 -92.1%
12 WDC 2.64% 81,704 $14M $172.27 $13M +75,472 +1211.0%
13 IWM 2.55% 55,237 $14M $246.16 -$8M -35,393 -39.0%
14 SLV 2.28% 188,770 $12M $64.42 +188,770 NEW
15 SIL 1.59% 101,618 $8M $83.52 $7M +83,995 +476.6%
16 KWEB 1.50% 234,679 $8M $34.05 +234,679 NEW
17 YINN 1.31% 163,625 $7M $42.59 +163,625 NEW
18 CWEB 1.28% 170,106 $7M $40.11 $4M +128,979 +313.6%
19 SNDK 1.21% 27,154 $6M $237.38 +27,154 NEW
20 BABA 1.16% 41,991 $6M $146.58 $4M +32,189 +328.4%
21 AVL 1.10% 132,423 $6M $44.09 $5M +112,118 +552.2%
22 AMZN 0.97% 22,479 $5M $230.82 -$17M -77,317 -77.5%
23 SLVP 0.83% 128,247 $4M $34.27 $4M +126,075 +5804.6%
24 NLR 0.79% 33,795 $4M $124.20 $4M +30,968 +1095.4%
25 IAU 0.73% 47,996 $4M $81.17 $624K +3,040 +6.8%
26 FXI 0.70% 97,413 $4M $38.29 +97,413 NEW
27 PPH 0.65% 33,767 $3M $103.17 +33,767 NEW
28 GE 0.65% 11,279 $3M $308.03 -$3M -10,274 -47.7%
29 COPX 0.63% 46,550 $3M $71.79 +46,550 NEW
30 SILJ 0.55% 105,906 $3M $27.67 +105,906 NEW
31 BKCH 0.52% 43,097 $3M $63.88 +43,097 NEW
32 FBL 0.49% 80,127 $3M $32.51 +80,127 NEW
33 UGL 0.47% 45,513 $3M $55.52 $583K +3,304 +7.8%
34 GEV 0.37% 3,019 $2M $653.57 -$1M -2,373 -44.0%
35 COIN 0.34% 7,937 $2M $226.14 +7,937 NEW
36 EFA 0.32% 17,972 $2M $96.03 $1M +12,731 +242.9%
37 NVDX 0.31% 95,542 $2M $17.12 -$2M -70,235 -42.4%
38 AAPU 0.29% 46,696 $2M $33.58 -$717K -23,997 -34.0%
39 BITX 0.27% 51,580 $1M $27.74 +51,580 NEW
40 QBTS 0.26% 52,527 $1M $26.15 +52,527 NEW
41 XLF 0.24% 23,613 $1M $54.77 +23,613 NEW
42 AGQ 0.23% 7,925 $1M $155.12 +7,925 NEW
43 CRCL 0.23% 15,362 $1M $79.30 +15,362 NEW
44 HUT.TO 0.22% 26,054 $1M $45.94 $73K -6,239 -19.3%
45 NVS 0.22% 8,516 $1M $137.87 $1M +8,153 +2246.0%
46 SIVR 0.21% 16,292 $1M $67.64 -$26K -9,074 -35.8%
47 FNGG 0.20% 5,277 $1M $206.28 -$2M -8,302 -61.1%
48 BTCI 0.20% 23,825 $1M $44.02 +23,825 NEW
49 HYG 0.19% 12,874 $1M $80.63 +12,874 NEW
50 IVES 0.19% 32,825 $1M $31.61 -$559K -16,883 -34.0%
51 HOOW 0.19% 21,665 $1M $47.50 +21,665 NEW
52 SCHB 0.19% 39,154 $1M $26.23 -$463K -18,800 -32.4%
53 VRT 0.19% 6,254 $1M $162.01 -$179K -1,651 -20.9%
54 ASTS 0.18% 13,305 $966K $72.63 +13,305 NEW
55 CDE 0.18% 53,370 $952K $17.83 $712K +40,573 +317.1%
56 MU 0.18% 3,279 $936K $285.41 +3,279 NEW
57 SHV 0.17% 8,393 $924K $110.15 +8,393 NEW
58 ETHT 0.17% 24,268 $912K $37.58 -$2M -7,134 -22.7%
59 MTUM 0.17% 3,585 $897K $250.31 +3,585 NEW
60 NVDL 0.16% 9,927 $874K $88.01 $84K +1,497 +17.8%
61 OKLL 0.16% 50,853 $853K $16.77 +50,853 NEW
62 EWY 0.16% 8,671 $843K $97.22 +8,671 NEW
63 BTCW 0.16% 8,966 $831K $92.68 +8,966 NEW
64 CHAT 0.15% 13,873 $818K $58.96 -$377K -5,564 -28.6%
65 SPXS 0.15% 22,915 $813K $35.47 +22,915 NEW
66 GRID 0.15% 5,123 $784K $153.02 +5,123 NEW
67 SPXL 0.14% 3,367 $743K $220.61 +3,367 NEW
68 MQQQ 0.14% 4,034 $732K $181.47 +4,034 NEW
69 ITA 0.14% 3,400 $730K $214.69 $717K +3,337 +5296.8%
70 CRWV 0.13% 9,457 $677K $71.61 +9,457 NEW
71 NUKZ 0.12% 10,061 $639K $63.50 +10,061 NEW
72 URA 0.12% 14,828 $634K $42.73 -$54K +404 +2.8%
73 XLI 0.11% 3,894 $604K $155.12 +3,894 NEW
74 ASMG 0.11% 25,980 $587K $22.59 -$64K -3,747 -12.6%
75 NFLU 0.11% 17,429 $565K $32.44 -$2M -35,960 -67.3%
76 GGLL 0.11% 5,797 $562K $96.88 -$1M -20,807 -78.2%
77 NVDS 0.10% 19,905 $558K $28.01 +19,905 NEW
78 MULL 0.10% 6,149 $552K $89.69 $225K -2,861 -31.8%
79 XLB 0.10% 11,771 $534K $45.35 +11,771 NEW
80 NBBK 0.10% 26,577 $527K $19.82 +26,577 NEW
81 ACWI 0.10% 3,675 $520K $141.49 +3,675 NEW
82 IYR 0.10% 5,499 $516K $93.89 +5,499 NEW
83 WGMI 0.10% 13,278 $508K $38.27 -$216K -3,091 -18.9%
84 SOFX 0.09% 17,370 $493K $28.41 -$69K +2,871 +19.8%
85 METU 0.09% 15,352 $493K $32.11 +15,352 NEW
86 J 0.09% 3,665 $485K $132.46 +3,665 NEW
87 BABX 0.09% 12,935 $466K $36.04 -$1M -16,884 -56.6%
88 SQQQ 0.09% 6,633 $454K $68.50 +6,633 NEW
89 INTW 0.09% 10,500 $453K $43.15 $386K +8,775 +508.7%
90 PLTU 0.08% 5,837 $429K $73.54 +5,837 NEW
91 FAZ 0.08% 11,110 $427K $38.43 +11,110 NEW
92 RKT 0.07% 20,002 $387K $19.36 $313K +16,178 +423.1%
93 NVDU 0.07% 3,268 $385K $117.72 -$121K -591 -15.3%
94 CCCX 0.07% 23,541 $367K $15.60 +23,541 NEW
95 CRWL 0.07% 11,867 $366K $30.81 -$91K -705 -5.6%
96 YBTC 0.07% 12,819 $365K $28.45 $20K +5,131 +66.7%
97 EA 0.07% 1,746 $357K $204.33 +1,746 NEW
98 XSD 0.07% 1,100 $354K $321.60 +1,100 NEW
99 GOOX 0.07% 5,055 $353K $69.78 $18K -2,507 -33.1%
100 IWD 0.07% 1,652 $347K $210.34 +1,652 NEW

Options Breakdown

387 Calls $41.6B Call Value 331 Puts $51.0B Put Value 1.23 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 22,668,400 $15.5B
NVDA 26,753,000 $5.0B
TSLA 11,028,500 $5.0B
QQQ 6,247,300 $3.8B
ES 529,650 $3.7B NEW
SO 22,720,000 $1.6B NEW
META 1,999,000 $1.3B
AAPL 2,735,000 $744M
GLD 1,839,400 $729M
IWM 2,923,300 $720M

Top Puts

SymbolSharesValueStatus
SPY 23,424,200 $16.0B
ES 1,743,650 $12.1B NEW
TSLA 12,638,100 $5.7B
NVDA 24,894,900 $4.6B
QQQ 7,111,200 $4.4B
SO 18,720,000 $1.3B NEW
IWM 3,994,900 $983M
META 1,436,900 $948M
AAPL 2,937,300 $799M
SMH 2,150,900 $775M

New Positions

SymbolValue% Port
GLD $23M 4.33%
SLV $12M 2.28%
KWEB $8M 1.50%
YINN $7M 1.31%
SNDK $6M 1.21%
FXI $4M 0.70%
PPH $3M 0.65%
COPX $3M 0.63%
SILJ $3M 0.55%
BKCH $3M 0.52%
FBL $3M 0.49%
COIN $2M 0.34%
BITX $1M 0.27%
QBTS $1M 0.26%
XLF $1M 0.24%

Sold Out Positions

SymbolValue% Port
CNR —%
DDD —%
HUYA —%
SNOW —%
HIMS —%
DEA —%
HPP —%
LVWR —%
MP —%
BBAI —%
LEN —%
IONQ —%
COF —%
CWAN —%
ITUB —%
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