Belvedere Trading LLC

CIK

1632341

Location

CHICAGO, IL

Portfolio Value

Large $81,335,276,474

Diversification

Highly concentrated

Filing Date

Global Rank

#105 / 8,651 ▲ 10

Top Industry

Semiconductors 52.9%

3Y Alpha vs SPY

+112.5%

Period ended 2 months ago

Filed Jul 31, 2026 · 29d

26 quarters · since Mar 2020

Portfolio Concentration

149 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

54.2%

−0.1 pts

Top 5

86.0%

−3.3 pts

Top 10

95.6%

−1.0 pts

HHI

3,246

Highly concentrated−78

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	67.4%	$54,856,161,337	16
Technology	21.8%	$17,741,893,939	48
Consumer Cyclical	9.3%	$7,568,668,813	13
Communication Services	1.2%	$958,496,424	11
Industrials	0.2%	$130,213,418	19
Healthcare	0.0%	$38,739,970	9
Financial Services	0.0%	$33,416,665	17
Basic Materials	0.0%	$5,358,508	7
Energy	0.0%	$1,542,195	6
Real Estate	0.0%	$448,040	2
Utilities	0.0%	$337,165	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SPY	Spdr S&P 500 ETF Trust	+6,573,796	58,987,100	$44,049,796,667
INTC	Intel Corp	+3,218,160	3,253,160	$454,238,730
MU	Micron Technology Inc	+2,551,128	2,559,528	$2,954,437,575
AMD	Advanced Micro Devices Inc	+1,034,657	4,774,715	$2,773,679,690
QQQ	Invesco Qqq Trust, Series 1	+809,100	13,155,600	$9,687,783,840
ASST	Strive, Inc.	+688,070	746,607	$8,145,482
SNDK	Sandisk Corp	+683,561	741,796	$1,686,643,819
AMZN	Amazon Com Inc	+425,766	4,013,737	$956,634,076
AVGO	Broadcom Inc.	+360,509	2,885,809	$1,090,114,349
AAPL	Apple Inc.	+323,832	4,393,132	$1,271,196,675
BNO	United States Brent Oil Fund, LP	+135,724	163,348	$6,646,630
MSTR	Strategy Inc	+107,282	3,382,355	$294,028,120
USO	United States Oil Fund, LP	+104,095	108,829	$11,583,758
CDE	Coeur Mining, Inc.	+94,615	148,146	$2,417,742
DBB	Invesco Db Base Metals Fund	+83,119	92,131	$2,220,357
CVNA	Carvana Co.	+45,193	57,493	$3,784,189
PALL	abrdn Palladium ETF Trust	+38,252	67,067	$1,480,839
XRX	Xerox Holdings Corp	+38,057	48,507	$151,826
PSNY	Polestar Automotive Holding UK PLC	+21,500	39,200	$736,176
FUBO	FuboTV Inc.	+9,300	59,700	$549,240
TEM	Tempus AI, Inc.	+6,800	17,200	$996,396
FCEL	Fuelcell Energy Inc	+6,396	32,684	$1,176,950
RKT	Rocket Companies, Inc.	+4,818	24,547	$386,615
UGA	United States Gasoline Fund, LP	+3,727	12,271	$1,263,544
COF	Capital One Financial Corp	+3,439	13,139	$2,635,946
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−5,712,677	33,299,242	$6,662,845,331
SMCI	Super Micro Computer, Inc.	−2,802,562	3,440,538	$100,910,979
TSLA	Tesla, Inc.	−2,491,677	15,693,323	$6,600,611,653
SLV	iShares Silver Trust	−1,765,688	4,533,400	$242,400,898
IBIT	iShares Bitcoin Trust ETF	−1,344,048	7,061,826	$235,088,187
GLD	Spdr Gold Trust	−1,210,771	1,659,730	$611,411,337
META	Meta Platforms, Inc.	−580,799	1,690,351	$952,157,814
PLTR	Palantir Technologies Inc.	−342,916	3,163,500	$369,085,545
IONQ	IonQ, Inc.	−63,100	43,500	$2,316,810
COIN	Coinbase Global, Inc.	−25,136	44,039	$6,438,061
CRCL	Circle Internet Group, Inc.	−23,100	137,600	$8,617,888
ECHO	EchoStar CORP	−18,900	16,800	$1,705,200
MARA	MARA Holdings, Inc.	−14,800	21,700	$301,413
BMNR	Bitmine Immersion Technologies, Inc.	−10,660	74,340	$989,465
PRTH	Priority Technology Holdings, Inc.	−8,309	22,828	$152,262
NNE	Nano Nuclear Energy Inc.	−6,749	29,809	$630,162
CRWV	CoreWeave, Inc.	−4,507	24,000	$2,388,960
—		−4,208	24,838	$1,898,119
OPEN	Opendoor Technologies Inc.	−2,700	37,300	$172,326
BABA	Alibaba Group Holding Ltd	−2,700	16,700	$1,602,866
STGW	Stagwell Inc	−2,596	14,888	$110,617
AXTI	Axt Inc	−2,000	5,100	$367,608
SBET	Sharplink, Inc.	−1,957	51,732	$248,313
PPLT	abrdn Platinum ETF Trust	−1,500	14,000	$197,820
ITUB	Itau Unibanco Holding S.A.	−904	139,196	$1,137,231
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SPCX	Space Exploration Technologies Corp	680,800	$116,321,488
CBRS	Cerebras Systems Inc.	228,200	$50,432,200
AGL	agilon health, inc.	327,923	$35,146,787
WOLF	Wolfspeed, Inc.	150,700	$7,271,275
FDX	Fedex Corp	16,540	$5,179,170
DIA	Spdr Dow Jones Industrial Average ETF Trust	7,339	$3,833,820
ALAB	Astera Labs, Inc.	6,800	$3,284,536
GSAT	Globalstar, Inc.	29,800	$2,422,442
BE	Bloom Energy Corp	6,580	$1,991,766
AAOI	Applied Optoelectronics, Inc.	10,000	$1,481,600
KLAC	Kla Corp	3,687	$1,112,404
CUE	Cue Biopharma, Inc.	34,900	$1,101,444
GLW	Corning Inc /Ny	4,051	$1,034,746
NWPX	NWPX Infrastructure, Inc.	6,666	$999,500
QCOM	Qualcomm Inc/De	4,772	$881,817
CAR	Avis Budget Group, Inc.	5,128	$758,072
HONA	Honeywell Aerospace Inc.	3,114	$687,571
VCX	Fundrise Innovation Fund, LLC	7,500	$648,225
GRPN	Groupon, Inc.	26,500	$637,590
MSFT	Microsoft Corp	1,653	$616,602
DXYZ	Destiny Tech100 Inc.	23,205	$597,760
CTRN	Citi Trends Inc	9,900	$572,616
VIST	Vista Energy, S.A.B. de C.V.	8,920	$569,096
BWA	Borgwarner Inc	8,182	$543,284
GHM	Graham Corp	4,115	$509,395
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ES	Eversource Energy	2,808,017	$194,539,417
SLVR	Sprott Silver Miners & Physical Silver ETF	411,224	$24,336,236
SIVR	abrdn Silver ETF Trust	118,049	$8,453,488
PONY	Pony AI Inc.	240,048	$2,266,053
BDRY	Amplify Commodity Trust	12,027	$1,184,659
BNT	Brookfield Wealth Solutions Ltd.	27,146	$1,123,844
ASTS	AST SpaceMobile, Inc.	11,400	$944,718
LITE	Lumentum Holdings Inc.	1,248	$877,044
BTCK	Teucrium Commodity Trust	40,500	$848,600
FRME	First Merchants Corp	20,800	$805,584
AAPB	GraniteShares ETF Trust GraniteShares 2x Long AAPL Daily ETF	26,700	$720,633
JPO	YieldMax JP Option Income Strategy ETF	48,238	$669,543
ARCC	Ares Capital Corp	35,298	$636,069
IAU	Ishares Gold Trust	6,862	$604,953
ACES	ALPS Clean Energy ETF	16,600	$556,266
VEON	VEON Ltd.	10,874	$503,466
RTO	Rentokil Initial PLC /Fi	15,971	$502,767
AAAU	Goldman Sachs Physical Gold ETF	10,680	$493,309
ABFL	Abacus FCF Leaders ETF	6,900	$490,866
AETH	Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF	14,020	$478,783
OUNZ	VanEck Merk Gold ETF	9,500	$427,975
BTCW	WisdomTree Bitcoin Fund	4,893	$350,877
NVO	Novo Nordisk A S	9,326	$342,730
OSCR	Oscar Health, Inc.	27,596	$316,526
ORCL	Oracle Corp	2,016	$296,573
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

149 tracked positions · $81,335,276,474 total · filing declares 1,038 positions · $87,612,631,382 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 149 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT CALL	Added	58,987,100	+6,573,796	$44,049,796,667	+29.2%	54.16%
QQQ	Invesco Qqq Trust, Series 1 PUT CALL	Added	13,155,600	+809,100	$9,687,783,840	+35.9%	11.91%
NVDA	Nvidia Corp PUT CALL + SHARES Technology	Reduced	33,299,242	-5,712,677	$6,662,845,331	−2.1%	8.19%
TSLA	Tesla, Inc. PUT CALL + SHARES Consumer Cyclical	Reduced	15,693,323	-2,491,677	$6,600,611,653	−2.4%	8.12%
MU	Micron Technology Inc PUT CALL + SHARES Technology	Added	2,559,528	+2,551,128	$2,954,437,575	+104008.1%	3.63%
AMD	Advanced Micro Devices Inc PUT CALL + SHARES Technology	Added	4,774,715	+1,034,657	$2,773,679,690	+264.6%	3.41%
SNDK	Sandisk Corp PUT CALL + SHARES Technology	Added	741,796	+683,561	$1,686,643,819	+4458.6%	2.07%
AAPL	Apple Inc. PUT CALL + SHARES Technology	Added	4,393,132	+323,832	$1,271,196,675	+23.1%	1.56%
AVGO	Broadcom Inc. PUT CALL + SHARES Technology	Added	2,885,809	+360,509	$1,090,114,349	+39.5%	1.34%
AMZN	Amazon Com Inc PUT CALL + SHARES Consumer Cyclical	Added	4,013,737	+425,766	$956,634,076	+28.0%	1.18%
META	Meta Platforms, Inc. PUT CALL + SHARES Communication Services	Reduced	1,690,351	-580,799	$952,157,814	−26.7%	1.17%
GLD	Spdr Gold Trust PUT CALL + SHARES	Reduced	1,659,730	-1,210,771	$611,411,337	−50.5%	0.75%
INTC	Intel Corp PUT CALL + SHARES Technology	Added	3,253,160	+3,218,160	$454,238,730	+29309.1%	0.56%
PLTR	Palantir Technologies Inc. PUT CALL Technology	Reduced	3,163,500	-342,916	$369,085,545	−28.0%	0.45%
MSTR	Strategy Inc PUT CALL + SHARES Technology	Added	3,382,355	+107,282	$294,028,120	−28.1%	0.36%
SLV	iShares Silver Trust PUT CALL	Reduced	4,533,400	-1,765,688	$242,400,898	−43.5%	0.30%
IBIT	iShares Bitcoin Trust ETF PUT CALL + SHARES	Reduced	7,061,826	-1,344,048	$235,088,187	−27.2%	0.29%
SPCX	Space Exploration Technologies Corp PUT CALL Industrials	NEW	680,800	NEW	$116,321,488	NEW	0.14%
SMCI	Super Micro Computer, Inc. PUT CALL + SHARES Technology	Reduced	3,440,538	-2,802,562	$100,910,979	−29.0%	0.12%
CBRS	Cerebras Systems Inc. PUT CALL Technology	NEW	228,200	NEW	$50,432,200	NEW	0.06%
AGL	agilon health, inc. PUT CALL + SHARES Healthcare	NEW	327,923	NEW	$35,146,787	NEW	0.04%
USO	United States Oil Fund, LP PUT CALL + SHARES	Added	108,829	+104,095	$11,583,758	+1822.9%	0.01%
CRCL	Circle Internet Group, Inc. PUT CALL Financial Services	Reduced	137,600	-23,100	$8,617,888	−43.8%	0.01%
ASST	Strive, Inc. PUT CALL + SHARES Financial Services	Added	746,607	+688,070	$8,145,482	+1288.7%	0.01%
WOLF	Wolfspeed, Inc. PUT CALL Technology	NEW	150,700	NEW	$7,271,275	NEW	0.01%
BNO	United States Brent Oil Fund, LP PUT CALL + SHARES	Added	163,348	+135,724	$6,646,630	+362.6%	0.01%
COIN	Coinbase Global, Inc. PUT CALL + SHARES Financial Services	Reduced	44,039	-25,136	$6,438,061	−46.7%	0.01%
FDX	Fedex Corp PUT CALL + SHARES Industrials	NEW	16,540	NEW	$5,179,170	NEW	0.01%
WDC	Western Digital Corp PUT CALL + SHARES Technology	Added	6,298	+257	$4,022,658	+146.2%	0.00%
DIA	Spdr Dow Jones Industrial Average ETF Trust PUT + SHARES	NEW	7,339	NEW	$3,833,820	NEW	0.00%
CVNA	Carvana Co. PUT CALL + SHARES Consumer Cyclical	Added	57,493	+45,193	$3,784,189	−2.1%	0.00%
ALAB	Astera Labs, Inc. PUT CALL Technology	NEW	6,800	NEW	$3,284,536	NEW	0.00%
COF	Capital One Financial Corp CALL + SHARES Financial Services	Added	13,139	+3,439	$2,635,946	+49.0%	0.00%
GSAT	Globalstar, Inc. PUT CALL Communication Services	NEW	29,800	NEW	$2,422,442	NEW	0.00%
CDE	Coeur Mining, Inc. PUT CALL + SHARES Basic Materials	Added	148,146	+94,615	$2,417,742	+140.6%	0.00%
CRWV	CoreWeave, Inc. PUT CALL Technology	Reduced	24,000	-4,507	$2,388,960	+8.2%	0.00%
IONQ	IonQ, Inc. PUT CALL Technology	Reduced	43,500	-63,100	$2,316,810	−24.6%	0.00%
DBB	Invesco Db Base Metals Fund PUT + SHARES	Added	92,131	+83,119	$2,220,357	+948.4%	0.00%
GME	GameStop Corp. PUT CALL Consumer Cyclical	Added	97,700	+1,300	$2,157,216	−2.9%	0.00%
BE	Bloom Energy Corp CALL + SHARES Industrials	NEW	6,580	NEW	$1,991,766	NEW	0.00%
	PUT CALL + SHARES	Reduced	24,838	-4,208	$1,898,119	−5.9%	0.00%
ASML	Asml Holding NV PUT + SHARES Technology	Added	930	+213	$1,850,178	+95.4%	0.00%
ECHO	EchoStar CORP PUT CALL Communication Services	Reduced	16,800	-18,900	$1,705,200	−59.2%	0.00%
BABA	Alibaba Group Holding Ltd CALL Consumer Cyclical	Reduced	16,700	-2,700	$1,602,866	−34.1%	0.00%
HON	Honeywell International Inc CALL + SHARES Industrials	Added	6,883	+2,737	$1,541,103	+64.5%	0.00%
AAOI	Applied Optoelectronics, Inc. PUT CALL Technology	NEW	10,000	NEW	$1,481,600	NEW	0.00%
PALL	abrdn Palladium ETF Trust PUT CALL + SHARES	Added	67,067	+38,252	$1,480,839	−61.9%	0.00%
UGA	United States Gasoline Fund, LP PUT + SHARES	Added	12,271	+3,727	$1,263,544	+43.1%	0.00%
FCEL	Fuelcell Energy Inc CALL + SHARES Industrials	Added	32,684	+6,396	$1,176,950	+8516.0%	0.00%
ITUB	Itau Unibanco Holding S.A. CALL Financial Services	Reduced	139,196	-904	$1,137,231	−3.1%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.