WOLVERINE TRADING, LLC

CIK

927337

Location

CHICAGO, IL

Portfolio Value

Mega $138,571,481,289

Diversification

Diversified

Reports for

Wolverine Holdings, L.P.

Filing Date

Global Rank

#63 / 8,106 ▲ 18 · as of Sep 2025

Top Industry

Semiconductors 13.9%

Period ended 1 year ago

Filed Nov 14, 2025 · 11mo

23 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2025, never from the firm's own description.

Style

Diversified active

Top 10 weight 35.1%, 35.8 effective positions, active share 57.0% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

140.7% over the last four quarters (100%+)

Horizon

Horizon unknown

The value-weighted holding period is at least 10.4 quarters, but 16.7% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 57.0%; sector active share 18.8% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

2,381 tracked positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

11.4%

−4.1 pts

Top 5

34.1%

−1.9 pts

Top 10

45.0%

−5.1 pts

HHI

328

Diversified−88

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Unclassified	29.5%	$40,819,010,277	321
Technology	26.7%	$36,972,619,884	376
Consumer Cyclical	12.5%	$17,302,083,202	250
Communication Services	9.2%	$12,792,318,135	105
Financial Services	7.6%	$10,509,322,682	253
Healthcare	4.5%	$6,218,779,446	267
Industrials	4.3%	$5,973,852,746	281
Consumer Defensive	2.2%	$3,030,422,882	95
Energy	1.3%	$1,840,958,403	127
Basic Materials	1.0%	$1,352,172,087	145
Utilities	0.9%	$1,197,023,556	56
Real Estate	0.4%	$562,917,989	105

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
XLF	State Street Corp	+1,358,618	1,646,746	$88,710,207
QS	QuantumScape Corp	+385,595	644,802	$7,943,960
WYNN	Wynn Resorts Ltd	+345,275	386,758	$49,609,448
IYR	iShares U.S. Real Estate ETF	+338,099	1,665,815	$161,717,320
JD	JD.com, Inc.	+321,321	351,661	$12,301,101
SABR	Sabre Corp	+279,546	369,328	$675,870
FCX	Freeport-Mcmoran Inc	+255,360	395,188	$15,499,273
CIFR	Cipher Digital Inc.	+253,803	300,902	$3,788,356
HPE	Hewlett Packard Enterprise Co	+247,062	331,494	$8,141,492
ZIM	ZIM Integrated Shipping Services Ltd.	+244,678	288,427	$3,908,185
SG	Sweetgreen, Inc.	+235,392	351,666	$2,806,294
DNN	Denison Mines Corp.	+223,275	269,057	$739,906
NVDA	Nvidia Corp	+221,850	990,500	$184,807,490
TTI	Tetra Technologies Inc	+220,875	338,284	$1,945,133
GFS	GLOBALFOUNDRIES Inc.	+189,665	197,123	$7,064,888
LVS	Las Vegas Sands Corp	+188,101	292,464	$15,731,638
GT	Goodyear Tire & Rubber Co	+183,258	242,382	$1,813,017
GME	GameStop Corp.	+167,833	186,791	$5,095,658
MU	Micron Technology Inc	+166,649	206,048	$34,475,951
GOOG	Alphabet Inc.	+159,269	356,883	$86,918,854
MMM	3M Co	+144,480	150,834	$23,406,420
GRPN	Groupon, Inc.	+140,642	154,808	$3,614,766
CMCSA	Comcast Corp	+133,376	161,471	$5,073,410
SMCI	Super Micro Computer, Inc.	+127,356	202,779	$9,721,225
INTC	Intel Corp	+127,355	1,264,241	$42,415,285
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
EFA	iShares MSCI EAFE ETF	−587,458	213,991	$19,980,339
SPY	Spdr S&P 500 ETF Trust	−492,116	915,710	$610,027,687
DIA	Spdr Dow Jones Industrial Average ETF Trust	−414,025	138,852	$64,391,226
C	Citigroup Inc	−304,547	24,272	$2,463,608
NKE	NIKE, Inc.	−253,074	90,298	$6,296,479
SOUN	Soundhound Ai, Inc.	−230,489	103,399	$1,662,655
NIO	NIO Inc.	−220,987	184,029	$1,402,300
IWM	iShares Russell 2000 ETF	−209,264	85,000	$20,566,600
AG	First Majestic Silver Corp	−199,639	33,556	$412,403
PYPL	PayPal Holdings, Inc.	−193,345	59,772	$4,008,310
MSFT	Microsoft Corp	−175,568	160,224	$82,988,020
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	−172,857	42,996	$12,118,852
TSLA	Tesla, Inc.	−147,767	173,665	$77,232,298
MRVL	Marvell Technology, Inc.	−146,400	49,955	$4,199,716
FXI	iShares China Large-Cap ETF	−143,725	53,563	$2,203,581
SCHW	Schwab Charles Corp	−135,411	4,652	$444,126
GRAB	Grab Holdings Ltd	−125,380	111,649	$672,126
YANG	Direxion Daily FTSE China Bear 3X Shares	−124,770	32,295	$694,019
QCOM	Qualcomm Inc	−120,690	54,989	$9,147,970
NN	Nextnav Inc.	−102,762	56,177	$803,331
PLUG	Plug Power Inc	−101,658	60,016	$139,837
SOXS	Direxion Daily Semiconductor Bear 3X Shares	−99,444	17,656	$91,281
NEE	Nextera Energy Inc	−97,421	44,209	$3,337,337
MRK	Merck & Co., Inc.	−96,830	20,117	$1,688,419
EYE	National Vision Holdings, Inc.	−95,856	15,688	$457,932
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BRK-B	Berkshire Hathaway Inc	229,185	$115,220,466
QQQ	Invesco Qqq Trust, Series 1	173,291	$104,038,717
AMZN	Amazon Com Inc	176,899	$38,841,713
AMD	Advanced Micro Devices Inc	219,989	$35,592,020
AZO	Autozone Inc	4,005	$17,182,412
COIN	Coinbase Global, Inc.	50,401	$17,009,833
ANET	Arista Networks, Inc.	110,476	$16,097,457
AAPL	Apple Inc.	59,673	$15,194,535
CEG	Constellation Energy Corp	25,538	$8,403,789
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	102,087	$8,288,443
TGT	Target Corp	87,480	$7,846,956
SLV	iShares Silver Trust	181,094	$7,672,952
AVAV	AeroVironment Inc	23,751	$7,478,952
BE	Bloom Energy Corp	87,494	$7,399,367
STX	Seagate Technology Holdings plc	30,936	$7,302,752
PALL	abrdn Palladium ETF Trust	61,261	$6,994,168
WDC	Western Digital Corp	49,930	$5,994,595
AA	Alcoa Corp	171,957	$5,655,665
LEU	Centrus Energy Corp	18,058	$5,599,244
UAL	United Airlines Holdings, Inc.	53,803	$5,191,989
AMGN	Amgen Inc	18,090	$5,104,998
ALGN	Align Technology Inc	40,258	$5,041,106
ALB	Albemarle Corp	62,156	$5,039,608
JLL	Jones Lang Lasalle Inc	16,309	$4,864,648
TEAM	Atlassian Corp	30,130	$4,811,761
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
XLRE	State Street(R) Real Estate Select Sector SPDR(R) ETF	583,491	$24,168,197
LMT	Lockheed Martin Corp	29,273	$13,557,497
CRCL	Circle Internet Group, Inc.	47,896	$8,683,065
UBER	Uber Technologies, Inc	66,433	$6,198,198
SOXL	Direxion Daily Semiconductor Bull 3X Shares	201,692	$5,064,486
MDB	MongoDB, Inc.	22,497	$4,724,145
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	53,504	$3,596,538
LYV	Live Nation Entertainment, Inc.	23,573	$3,566,123
TMO	Thermo Fisher Scientific Inc.	8,682	$3,520,203
ROK	Rockwell Automation, Inc	10,387	$3,450,249
RDDT	Reddit, Inc.	22,425	$3,376,532
MRTN	Marten Transport Ltd	234,483	$3,045,934
RCL	Royal Caribbean Cruises Ltd	8,913	$2,791,016
PRGS	Progress Software Corp	40,804	$2,604,927
TEM	Tempus AI, Inc.	40,356	$2,564,220
XHB	State Street(R) SPDR(R) S&P(R) Homebuilders ETF	25,188	$2,482,781
MIDD	MIDDLEBY Corp	16,822	$2,422,368
DLTR	Dollar Tree, Inc.	24,295	$2,406,176
UPS	United Parcel Service Inc	23,769	$2,399,242
VXX		46,943	$2,255,611
WSM	Williams Sonoma Inc	13,686	$2,235,881
ED	Consolidated Edison Inc	22,034	$2,211,111
WIX	Wix.com Ltd.	13,112	$2,077,727
SHW	Sherwin Williams Co	5,623	$1,930,713
IBM	International Business Machines Corp	6,520	$1,921,965
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2,381 tracked positions · $138,571,481,289 total · filing declares 5,565 positions · $138,734,275,111 · as of Sep 30, 2025

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

Showing 1–50 of 2,381 positions by value · page 1 of 48

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT CALL + SHARES	Reduced	23,814,110	-1,111,716	$15,864,483,799	+3.0%	20	$547.27	11.45%
QQQ	Invesco Qqq Trust, Series 1 PUT CALL + SHARES	NEW	20,498,991	NEW	$12,306,979,226	NEW	1	$572.63	8.88%
NVDA	Nvidia Corp PUT CALL + SHARES Technology	Reduced	39,247,500	-1,853,350	$7,322,798,550	+12.8%	23+	before history	5.28%
TSLA	Tesla, Inc. PUT CALL + SHARES Consumer Cyclical	Reduced	15,750,865	-560,767	$7,004,724,682	+35.2%	11	$297.33	5.05%
META	Meta Platforms, Inc. PUT CALL + SHARES Communication Services	Reduced	6,528,720	-467,383	$4,794,561,393	−7.1%	23+	before history	3.46%
MSFT	Microsoft Corp PUT CALL + SHARES Technology	Reduced	6,885,024	-268,268	$3,566,098,180	+0.2%	23+	before history	2.57%
AAPL	Apple Inc. PUT CALL + SHARES Technology	NEW	11,777,873	NEW	$2,998,999,801	NEW	1	$225.91	2.16%
MSTR	Strategy Inc PUT CALL + SHARES Technology	Added	8,998,334	+457,901	$2,899,353,198	−16.0%	7	$305.33	2.09%
GLD	Spdr Gold Trust PUT CALL + SHARES	Added	7,570,982	+323,009	$2,691,256,971	+21.8%	3	$292.34	1.94%
NFLX	Netflix Inc PUT CALL + SHARES Communication Services	Reduced	2,030,922	-369,690	$2,434,913,004	−24.3%	8	$1,211.29	1.76%
AMZN	Amazon Com Inc PUT CALL + SHARES Consumer Cyclical	NEW	9,882,899	NEW	$2,169,988,133	NEW	1	$226.35	1.57%
AVGO	Broadcom Inc. PUT CALL + SHARES Technology	Added	5,710,243	+777,907	$1,883,866,268	+38.6%	23+	before history	1.36%
PLTR	Palantir Technologies Inc. PUT CALL + SHARES Technology	Added	10,283,861	+34,348	$1,875,981,923	+34.3%	4	$115.29	1.35%
DIA	Spdr Dow Jones Industrial Average ETF Trust PUT CALL + SHARES	Added	3,383,852	+114,275	$1,569,227,526	+8.9%	7	$404.16	1.13%
GOOGL	Alphabet Inc. PUT CALL + SHARES Communication Services	Added	6,172,342	+262,866	$1,500,496,340	+44.1%	23+	before history	1.08%
LLY	ELI LILLY & Co PUT CALL + SHARES Healthcare	Added	1,865,930	+298,214	$1,423,704,590	+16.5%	12	$759.50	1.03%
UNH	Unitedhealth Group Inc PUT CALL + SHARES Healthcare	Added	3,891,079	+771,824	$1,343,589,578	+38.1%	17	$399.84	0.97%
IWM	iShares Russell 2000 ETF PUT CALL + SHARES	Reduced	5,366,200	-3,274,964	$1,298,405,752	−30.4%	5	unpriced	0.94%
BKNG	Booking Holdings Inc. PUT CALL + SHARES Consumer Cyclical	Reduced	235,428	-35,592	$1,271,139,337	−19.0%	23+	before history	0.92%
GS	Goldman Sachs Group Inc PUT CALL + SHARES Financial Services	Added	1,578,486	+11,633	$1,257,027,326	+13.4%	21	$670.07	0.91%
COIN	Coinbase Global, Inc. PUT CALL + SHARES Financial Services	Reduced	3,523,401	-342,099	$1,189,112,603	−12.2%	1	$339.07	0.86%
ORCL	Oracle Corp PUT CALL + SHARES Technology	Added	4,129,337	+2,099,456	$1,161,334,737	+161.7%	2	$245.34	0.84%
GOOG	Alphabet Inc. PUT CALL + SHARES Communication Services	Added	4,488,383	+608,169	$1,093,145,679	+58.8%	23+	before history	0.79%
COST	Costco Wholesale Corp PUT CALL + SHARES Consumer Defensive	Added	1,177,162	+129,635	$1,089,616,462	+5.1%	23+	before history	0.79%
BRK-B	Berkshire Hathaway Inc PUT CALL + SHARES Financial Services	NEW	2,162,385	NEW	$1,087,117,434	NEW	1	$484.36	0.78%
AMD	Advanced Micro Devices Inc PUT CALL + SHARES Technology	NEW	6,657,689	NEW	$1,077,147,503	NEW	1	$161.38	0.78%
APP	AppLovin Corp PUT CALL + SHARES Communication Services	Added	1,418,910	+58,417	$1,019,543,591	+114.1%	2	$324.21	0.74%
TSM	Taiwan Semiconductor Manufacturing Co Ltd PUT CALL + SHARES Technology	Added	3,417,383	+684,521	$954,440,898	+54.2%	23+	before history	0.69%
BABA	Alibaba Group Holding Ltd PUT CALL + SHARES Consumer Cyclical	Added	4,744,694	+1,328,863	$848,019,158	+118.9%	4	$115.78	0.61%
CRWD	CrowdStrike Holdings, Inc. PUT CALL + SHARES Technology	Added	1,594,687	+30,990	$782,002,611	−1.8%	2	$434.05	0.56%
MU	Micron Technology Inc PUT CALL + SHARES Technology	Added	4,016,948	+351,549	$672,115,739	+48.8%	9	$121.83	0.49%
BA	Boeing Co PUT CALL + SHARES Industrials	NEW	3,089,497	NEW	$666,806,137	NEW	1	$225.47	0.48%
VOO	VANGUARD 500 INDEX FUND PUT CALL + SHARES	Added	1,083,361	+80,561	$663,428,609	+16.5%	12	unpriced	0.48%
HOOD	Robinhood Markets, Inc. PUT CALL + SHARES Financial Services	Added	4,572,182	+52,322	$654,645,018	+54.7%	10	$55.69	0.47%
JPM	Jpmorgan Chase & Co PUT CALL + SHARES Financial Services	Added	2,062,169	+207,589	$650,469,967	+21.0%	2	$261.18	0.47%
TLT	iShares 20+ Year Treasury Bond ETF PUT CALL + SHARES	Reduced	6,685,865	-676,253	$597,515,755	−8.0%	5	unpriced	0.43%
ASML	Asml Holding NV PUT CALL + SHARES Technology	Added	608,681	+191,996	$589,257,989	+76.5%	23+	before history	0.43%
FSLR	First Solar, Inc. PUT CALL + SHARES Technology	Added	2,671,911	+1,356,110	$589,236,532	+170.5%	10	$183.69	0.43%
IBIT	iShares Bitcoin Trust ETF PUT CALL + SHARES	NEW	8,690,447	NEW	$564,879,055	NEW	1	$65.05	0.41%
WMT	Walmart Inc. PUT CALL + SHARES Consumer Defensive	Added	4,387,330	+239,219	$452,158,229	+11.5%	2	$97.95	0.33%
MELI	Mercadolibre Inc PUT CALL + SHARES Consumer Cyclical	Added	188,497	+36,677	$440,506,159	+11.0%	23+	before history	0.32%
NOW	ServiceNow, Inc. PUT CALL + SHARES Technology	Reduced	471,827	-53,921	$434,212,951	−19.7%	10	$890.74	0.31%
SMH	VanEck Semiconductor ETF PUT CALL + SHARES	Added	1,315,047	+73,017	$429,178,738	+23.9%	2	$231.87	0.31%
GEV	GE Vernova Inc. PUT CALL + SHARES Industrials	Reduced	678,884	-2,680	$417,445,771	+15.7%	6	$304.75	0.30%
MA	Mastercard Inc PUT CALL + SHARES Financial Services	Reduced	704,329	-8,971	$400,629,378	−0.1%	2	$553.02	0.29%
DASH	DoorDash, Inc. PUT CALL + SHARES Consumer Cyclical	Added	1,444,199	+187,162	$392,807,686	+26.8%	2	$210.69	0.28%
V	Visa Inc. PUT CALL + SHARES Financial Services	Reduced	1,143,708	-12,509	$390,439,037	−4.9%	2	$348.55	0.28%
AXP	American Express Co PUT CALL + SHARES Financial Services	NEW	1,160,141	NEW	$385,352,434	NEW	1	$318.08	0.28%
ADBE	Adobe Inc. PUT CALL + SHARES Technology	Added	1,050,187	+228,966	$370,453,464	+16.6%	20	$406.03	0.27%
SLV	iShares Silver Trust PUT CALL + SHARES	NEW	8,563,194	NEW	$362,822,529	NEW	1	$35.91	0.26%

Showing the top 50 of 2,381 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.