Belvedere Trading LLC

Q2 2025 13F-HR Holdings

Location
Chicago, IL
Holdings as of
6/30/2025
Date filed
8/1/2025
Form type
13F-HR
Num holdings
807
Total value ($000)
$85,485,353
Net value change ($000)
-3,227,133 (-3.6%)
New positions
136
Sold out positions
95
Turnover %
24.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/9/2025 Next filing: 10/27/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MSTR 121,121 46.9%
SMH 105,500 NEW
IBIT 92,907 3332.4%
QQQ 53,901 NEW
SMCI 45,087 NEW
AVGO 38,797 186.0%
GLD 33,680 NEW
AMD 13,877 27.7%
PPLT 10,633 6329.2%
SLV 6,112 NEW
Top Reduces (Value $000, Stocks/ETFs)
SPY -260,487 -80.0%
NVDA -91,832 -34.4%
META -41,188 -69.4%
AMZN -15,519 -46.5%
AAPL -14,946 -73.5%
TSLL -3,106 -100.0%
TSLA -3,100 -29.8%
XOM -2,354 -100.0%
BITX -1,526 -100.0%
SOXL -1,442 -70.7%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 84,216,081 (98.5% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type