Belvedere Trading LLC — Q3 2025 13F Holdings

Name: Belvedere Trading LLC — 13F Holdings, Q3 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001632341

Total reported value

$84.4B

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Full holdings list this quarter

Showing top 200 holdings (of 410 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	45.55%	+6.60%	-13.36%
2	TSLA	Tesla INC	Stock-Consumer Disc	12.34%	-3.42%	+8.58%
3	NVDA	Nvidia CORP	Stock-Tech	11.63%	-2.32%	-7.12%
4	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	10.72%	-0.43%	-10.38%
5	META	Meta Platforms Inc-class A	Stock-Comm Services	3.25%	-0.90%	-7.22%
6	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	2.68%	-0.17%	-20.84%
7	MSTR	Strategy INC	Stock-Tech	2.40%	-0.19%	-17.84%
8	AAPL	Apple INC	Stock-Tech	1.83%	-0.44%	+3.46%
9	AVGO	Broadcom INC	Stock-Tech	1.49%	-0.24%	+36.34%
10	GLD	Spdr Gold Shares	ETF-Commodities	1.47%	+0.22%	-32.93%
11	SMH	Vaneck Semiconductor ETF	ETF-Other	1.40%	+0.10%	-10.51%
12	AMZN	Amazon.com INC	Stock-Consumer Disc	1.27%	-0.30%	+2.03%
13	AMD	Advanced Micro Devices	Stock-Tech	1.17%	-0.45%	-4.85%
14	IBIT	Ishares Bitcoin Trust ETF	ETF-Crypto	0.75%	+0.02%	+48.37%
15	PLTR	Palantir Technologies Inc-a	Stock-Tech	0.73%	-0.10%	+808.32%
16	SMCI	Super Micro Computer INC	Stock-Tech	0.40%	-0.08%	-32.75%
17	SLV	Ishares Silver Trust	ETF-Commodities	0.26%	+0.26%	-10.74%
18	COIN	Coinbase Global INC -class A	Stock-Financials	0.05%	-0.01%	+6.09%
19	FNGG	Direxion Daily Nyse Fang+ Bu	ETF-Other	0.03%	-0.01%	EXIT
20	GDXJ	Vaneck Junior Gold Miners	ETF-Commodities	0.02%	-0.01%	+154.88%
21	BITX	2x Bitcoin Strategy ETF	ETF-Crypto	0.02%	-0.01%	EXIT
22	BABA	Alibaba Group Holding-sp Adr	Stock-Consumer Disc	0.02%	-0.02%	+67.59%
23	SLVR	Sprott Slvr Miner & Phy Slvr	ETF-Other	0.02%	+0.01%	+272.96%
24	PPLT	Abrdn Physical Platinum Shrs	ETF-Commodities	0.02%	-0.02%	-15.05%
25	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.01%	—	-1.57%
26	CVNA	Carvana Co	Stock-Consumer Disc	0.01%	-0.02%	+58.82%
27	COF	Capital One Financial CORP	Stock-Financials	0.01%	—	+937.03%
28	VOOG	Vanguard S&p 500 Growth ETF	ETF-Large Cap & Growth	0.01%	—	+178.51%
29	NLR	Vaneck Urani & Nuclr Etf-usd	ETF-Other	0.01%	-0.01%	+166.21%
30	WDC	Western Digital CORP	Stock-Tech	0.01%	-0.04%	+78.29%
31	GE	General Electric	Stock-Industrials	0.01%	—	+483.02%
32	TIP	Ishares Tips Bond ETF	ETF-Other	0.01%	—	—
33	BITU	Proshares Ultra Bitcoin ETF	ETF-Crypto	0.01%	—	-7.68%
34	✓	Volatility Shs Tr	Stock-Other	0.01%	—	+1448.82%
35	GME	Gamestop Corp-class A	Stock-Consumer Disc	0.01%	—	+15.70%
36	PALL	Abrdn Physical Palladium Shs	ETF-Commodities	0.01%	—	+14.65%
37	RDTL	Granite 2x Long Rddt ETF	ETF-Other	0.01%	—	+281.05%
38	LEN	Lennar Corp-a	Stock-Consumer Disc	0.01%	—	+12.84%
39	TARK	Tradr 2x Long Innovation ETF	ETF-Other	0.01%	—	+542.36%
40	MMM	3m Co	Stock-Industrials	0.01%	—	-1.94%
41	NFLX	Netflix INC	Stock-Comm Services	0.01%	—	+2508.70%
42	NVDX	T-rex 2x Lng Nvidia Dly Trgt	ETF-Other	0.01%	—	+31.72%
43	BABX	Granitesh 2xlng Baba Etf-usd	ETF-Other	0.01%	—	+279.74%
44	ETHT	Proshares Ultra Ether ETF	ETF-Other	0.01%	—	—
45	MARA	Mara Holdings INC	Stock-Financials	0.01%	—	+55.77%
46	TEM	Tempus Ai Inc-cl A	Stock-Healthcare	—	—	-43.66%
47	QBTX	Tradr 2x Long Qbts Daily ETF	ETF-Other	—	—	+46.28%
48	VUG	Vanguard Growth ETF	ETF-Other	—	—	-15.36%
49	NVDL	Granitesh 2x Lng Nvda ETF	ETF-Other	—	—	+279.03%
50	SOFX	Defiance Dly Trg 2x Lng Sofi	ETF-Other	—	—	+149.63%

1–50 of 200

Holding changes this quarter

Position changes disclosed by Belvedere Trading LLC for the quarter ending Q3 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TSLA	Tesla INC	+6.2%	+8.58%	Add
2	NVDA	Nvidia CORP	+3.9%	-7.12%	Trim
3	AVGO	Broadcom INC	+1.2%	+36.34%	Add
4	QQQ	Invesco Qqq Trust Series 1	+1.1%	-10.38%	Trim
5	SMH	Vaneck Semiconductor ETF	+0.8%	-10.51%	Add
6	PLTR	Palantir Technologies Inc-a	+0.7%	+808.32%	Add
7	IBIT	Ishares Bitcoin Trust ETF	+0.7%	+48.37%	Add
8	AMD	Advanced Micro Devices	+0.5%	-4.85%	Add
9	AMZN	Amazon.com INC	+0.2%	+2.03%	Trim
10	MSTR	Strategy INC	+0.2%	-17.84%	Trim
11	SMCI	Super Micro Computer INC	+0.1%	-32.75%	Trim
12	IWM	Ishares Russell 2000 ETF	0%	-20.84%	Trim
13	FNGG	Direxion Daily Nyse Fang+ Bu	0%	+161.26%	Add
14	PPLT	Abrdn Physical Platinum Shrs	0%	-15.05%	Add
15	CVNA	Carvana Co	0%	+58.82%	Add
16	NLR	Vaneck Urani & Nuclr Etf-usd	0%	+166.21%	Add
17	COIN	Coinbase Global INC -class A	0%	+6.09%	Trim
18	TARK	Tradr 2x Long Innovation ETF	0%	+542.36%	Add
19	PALL	Abrdn Physical Palladium Shs	0%	+14.65%	Add
20	NVDX	T-rex 2x Lng Nvidia Dly Trgt	0%	+31.72%	Add
21	BABX	Granitesh 2xlng Baba Etf-usd	0%	+279.74%	Add
22	MARA	Mara Holdings INC	0%	+55.77%	Add
23	VOOG	Vanguard S&p 500 Growth ETF	—	+178.51%	Add
24	GE	General Electric	—	+483.02%	Add
25	SOFX	Defiance Dly Trg 2x Lng Sofi	—	+149.63%	Add
26	MTUM	Ishares Msci USA Momentum Fa	—	-91.61%	Trim
27	LLY	Eli Lilly & Co	0%	—	Trim
28	HUYA	Huya Inc-adr	0%	-90.49%	Trim
29	VUG	Vanguard Growth ETF	0%	-15.36%	Trim
30	ROBN	T-rex 2x Lng Hod Dly Tar ETF	0%	-92.88%	Trim
31	AAPL	Apple INC	0%	+3.46%	Trim
32	META	Meta Platforms Inc-class A	-0.2%	-7.22%	Trim
33	GLD	Spdr Gold Shares	-0.5%	-32.93%	Trim
34	SPY	Ss Spdr S&p 500 ETF Trust-us	-15.1%	-13.36%	Trim
35	GDXJ	Vaneck Junior Gold Miners	—	NEW	New buy
36	SLVR	Sprott Slvr Miner & Phy Slvr	—	NEW	New buy
37	COF	Capital One Financial CORP	—	NEW	New buy
38	TIP	Ishares Tips Bond ETF	—	NEW	New buy
39	✓	Volatility Shs Tr	—	NEW	New buy
40	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	—	EXIT	Sold out
41	RDTL	Granite 2x Long Rddt ETF	—	NEW	New buy
42	NFLX	Netflix INC	—	NEW	New buy
43	XOM	Exxon Mobil CORP	—	EXIT	Sold out
44	ETHT	Proshares Ultra Ether ETF	—	NEW	New buy
45	USX1	United States Steel CORP	—	EXIT	Sold out
46	QBTX	Tradr 2x Long Qbts Daily ETF	—	NEW	New buy
47	FUTU	Futu Holdings Ltd-adr	—	EXIT	Sold out
48	IAI	Ishares U.s. Broker-dealers	—	NEW	New buy
49	IVOL	Quadratic Int Rte Vol Infl H	—	NEW	New buy
50	✓		—	NEW	New buy