Belvedere Trading LLC
Follow13F filer, CIK 1632341, CHICAGO, IL
Belvedere Trading LLC reported $86,853,038,372 across 888 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-27. Its ten largest share positions make up 82.95% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001062993-25-016293
- Period
- 2025-09-30
- Reported value
- $86.9B
- Holdings
- 888
- Top 10 weight
- 82.95%
- New
- 411
- Sold out
- 330
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| TSLAadded | +400,429 | $178M |
| SPYadded | +168,940 | $113M |
| IBITadded | +747,033 | $48.6M |
| AVGOadded | +142,930 | $47.2M |
| QQQadded | +42,227 | $25.4M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| MSTRreduced | -850,502 | -$274M |
| SMHexited | -378,298 | -$105M |
| GLDexited | -110,487 | -$33.7M |
| NVDAreduced | -175,381 | -$32.7M |
| IWMreduced | -93,765 | -$22.7M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Back to all 261 share positions
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| KULRKULR TECHNOLOGY GROUP INC COM | call | 65,300 | $35.3K | +39,000 |
| JJACOBS SOLUTIONS INC Stock | put | 200 | $35.1K | 0 |
| TRONTRON INC CMN | call | 17,700 | $34.2K | new |
| CWANCLEARWATER ANALYTICS HLDGS I CL A | call | 4,000 | $33.9K | new |
| OPENOPENDOOR TECHNOLOGIES INC COM | put | 4,200 | $33.5K | new |
| WORLD FDS TRWORLD FDS TR T REX 2X INVERSE | put | 20,000 | $33.4K | new |
| BTCZWORLD FDS TR T REX TARGET ETF | put | 11,800 | $33.3K | new |
| FCELFUELCELL ENERGY INC COMMON STOCK | call | 106,500 | $33K | -200 |
| QMOMEA SERIES TRUST ETF | put | 500 | $32.2K | -1,100 |
| MVSTMICROVAST HOLDINGS INC Stock | call | 8,300 | $32K | -1,000 |
| KORUDIREXION SHARES ETF TRUST DAIL MS KORE ETF | put | 300 | $31.7K | +100 |
| PSQHPSQ HOLDINGS INC CL A | call | 16,400 | $31.3K | -1,000 |
| DDD3D SYS CORP DEL COMMON STOCK | call | 10,000 | $29K | 0 |
| IVOLKRANESHARES TRUST ETF | call | 1,500 | $28.9K | new |
| TNGXTANGO THERAPEUTICS INC COM | put | 3,300 | $27.7K | +600 |
| TSLGTHEMES ETF TR CMN | put | 2,600 | $27.5K | new |
| ProShares UltraShort Ether …ProShares UltraShort Ether ETF ETF | put | 7,400 | $27.2K | +1,700 |
| XNTKSPDR SERIES TRUST ETF | call | 100 | $27.2K | new |
| VEONVEON LTD SPONSORED ADS | call | 500 | $27.2K | -200 |
| IAKISHARES TR U.S. INSRNCE ETF | call | 200 | $26.8K | new |
| GSLCGOLDMAN SACHS ETF TR ACTIVEBETA US LG | call | 200 | $26.1K | new |
| MEXXDIREXION SHARES ETF TRUST DAIL MS MEXI ETF | call | 1,100 | $26K | new |
| BYNDBEYOND MEAT INC COM | call | 13,600 | $25.7K | 0 |
| DBJPDBX ETF TR XTRACK MSCI JAPN | put | 300 | $25.5K | new |
| ProShares Ultra VIX Short-T…ProShares Ultra VIX Short-Term Fu… ETF | put | 2,400 | $25.1K | 0 |
| QQQMINVESCO EXCH TRADED FD TR II COM | put | 100 | $24.7K | 0 |
| CRWGTHEMES ETF TR LEVERAGE SHS 2X | call | 1,800 | $24.3K | new |
| PXLWPIXELWORKS INC COM | call | 24,300 | $24.1K | new |
| GPROGOPRO INC CL A | call | 11,200 | $23.7K | new |
| QTECFIRST TR EXCHANGE-TRADED FD SHS | call | 100 | $23K | -2,000 |
| DJTUETF OPPORTUNITIES TRUST T REX 2X LONG DJ | put | 2,900 | $22.9K | -8,100 |
| QSIQUANTUM SI INC COM CL A | call | 15,100 | $21.3K | -600 |
| CEGXINVESTMENT MANAGERS SER TR CMN | call | 800 | $21K | new |
| ILMNILLUMINA INC COM | put | 200 | $20.9K | 0 |
| ITUBITAU UNIBANCO HLDG S A ADR | call | 2,750 | $20.2K | +2,430 |
| SNEXSTONEX GROUP INC COM | put | 200 | $20.2K | new |
| GDXJVANECK ETF TRUST JUNIOR GOLD MINE | call | 200 | $19.8K | new |
| TPSTTEMPEST THERAPEUTICS INC COM NEW | put | 25,000 | $19.5K | +24,900 |
| LVWRLIVEWIRE GROUP INC COMMON STOCK | put | 4,100 | $19.5K | -500 |
| TIDAL TRUST IITIDAL TRUST II YIELDMAX MRNA OP | put | 10,800 | $19.1K | -900 |
| RSPINVESCO EXCHANGE TRADED FD T COM | put | 100 | $19K | new |
| RSPINVESCO EXCHANGE TRADED FD T COM | call | 100 | $19K | new |
| BBAIBIGBEAR AI HLDGS INC Stock | call | 2,800 | $18.3K | -1,900 |
| T-Rex 2X Long MSTR Daily Ta…T-Rex 2X Long MSTR Daily Target E… ETF | put | 3,900 | $18.1K | -2,700 |
| NVDGRANITESHARES ETF TR CMN | put | 2,000 | $17.4K | new |
| WOLFWOLFSPEED INC COMMON STOCK | call | 58,800 | $17.1K | new |
| RIOXTIDAL TR II DEFIANCE DAILY TAR DEFIANCE DAILY T | put | 500 | $16.7K | -5,900 |
| FTCFIRST TR EXCHANGE-TRADED ALP COM SHS | put | 100 | $16.1K | 0 |
| RILYBRC GROUP HOLDINGS INC COM | call | 2,600 | $15.5K | -3,500 |
| PTIRGRANITESHARES ETF TR CMN | call | 400 | $13K | -5,900 |
| GEVXINVESTMENT MANAGERS SER TR TRADR 2X LONG | put | 400 | $12.2K | new |
| VIOGVANGUARD ADMIRAL FDS INC ETF | put | 100 | $12.2K | new |
| DEFIANCE DAILY TARGET 2X LO…DEFIANCE DAILY TARGET 2X LONG NVO… ETF | call | 3,400 | $12K | new |
| SIRISIRIUSXM HOLDINGS INC COMMON STOCK | call | 1,300 | $11.6K | 0 |
| DNAGINKGO BIOWORKS HOLDINGS INC COMMON STOCK | call | 33,400 | $11.4K | 0 |
| NAKANAKAMOTO INC Common Stock | put | 10,100 | $10.8K | new |
| TSLLDIREXION SHARES ETF TRUST DAILY TSLA 2X SH | call | 500 | $10.6K | new |
| PLPLANET LABS PBC COM CL A | call | 800 | $10.4K | -700 |
| JFINJIAYIN GROUP INC CMN | put | 1,000 | $10.3K | +400 |
| LAZRQLUMINAR TECHNOLOGIES INC. COM COM NEW CL A | call | 30,800 | $9.46K | +1,600 |
| SVCSERVICE PPTYS TR COM SH BEN INT | put | 3,400 | $9.21K | new |
| RAPPRAPPORT THERAPEUTICS INC Stock | call | 300 | $8.91K | new |
| LFVNLIFEVANTAGE CORP COMMON STOCK | call | 900 | $8.76K | new |
| AAPXETF OPPORTUNITIES TRUST T REX 2X LNG APP | put | 300 | $8.41K | new |
| BMNUETF OPPORTUNITIES TRUST T RE 2X BMNR ETF | call | 300 | $8.29K | new |
| TARKINVESTMENT MANAGERS SER TR I TRAD 2X INNO ETF | put | 100 | $8.21K | -200 |
| NVTSNAVITAS SEMICONDUCTOR CORP Stock | call | 1,100 | $7.94K | new |
| SOFISOFI TECHNOLOGIES INC Stock | call | 300 | $7.93K | new |
| CEGXINVESTMENT MANAGERS SER TR CMN | put | 300 | $7.89K | new |
| ETHGRAYSCALE ETHEREUM STAKING SHS NEW | call | 200 | $7.84K | new |
| NVTXINVESTMENT MANAGERS SER TR I TRAD 2X NVTS ETF | call | 200 | $7.63K | new |
| DUSLDIREXION SHARES ETF TRUST CMN | put | 100 | $7.57K | new |
| CIFRCIPHER DIGITAL INC Stock | call | 600 | $7.55K | +100 |
| DEFIANCE DAILY TARGET 2X LO…DEFIANCE DAILY TARGET 2X LONG NVO… ETF | put | 2,100 | $7.41K | new |
| SGDJSPROTT ETF TRUST JR GOLD MINERS E | put | 100 | $7.18K | new |
| BBAIBIGBEAR AI HLDGS INC Stock | put | 1,100 | $7.17K | +1,000 |
| CONIGRANITESHARES ETF TR 2X SHORT COIN | put | 1,500 | $7.06K | new |
| PSIINVESCO EXCHANGE TRADED FD T SEMICONDUCTORS | put | 100 | $7.03K | -600 |
| MPMP MATERIALS CORP COM CL A | call | 100 | $6.71K | new |
| LAZRQLUMINAR TECHNOLOGIES INC. COM COM NEW CL A | put | 35,200 | $6.69K | 0 |
| BKKTBAKKT INC COMMON STOCK | put | 4,900 | $6.62K | +900 |
| MSTXTIDAL TR II DEFIANCE DAILY TAR ETF | put | 300 | $6.41K | -200 |
| SUIGSUI GROUP HOLDINGS LIMITED COM NEW | put | 1,600 | $6.18K | new |
| VIXYPROSHARES TR II VIX SHT TERM FUT | call | 1,500 | $5.82K | -2,700 |
| BYNDBEYOND MEAT INC COM | put | 3,000 | $5.67K | -2,100 |
| SNOUETF OPPORTUNITIES TRUST T REX 2X LONG SN | call | 100 | $5.05K | new |
| VELOVELO3D INC COMMON STOCK | call | 22,900 | $4.81K | new |
| MSOSADVISORSHARES TR PURE US CANNABIS | put | 1,000 | $4.79K | 0 |
| SPCEVIRGIN GALACTIC HOLDINGS INC COMMON STOCK | put | 3,500 | $4.33K | 0 |
| VORVOR BIOPHARMA INC COMMON STOCK | put | 1,700 | $4.15K | new |
| AAPWROUNDHILL ETF TRUST AAPL WEEKL ETF | call | 100 | $4.11K | new |
| LABUDIREXION SHARES ETF TRUST DA BI BU 3X ETF | put | 700 | $3.28K | -200 |
| KPTIKARYOPHARM THERAPEUTICS INC COMMON STOCK | put | 500 | $3.27K | new |
| IVESWEDBUSH SER TR DAN IVE REVO ETF | call | 100 | $3.21K | new |
| MSFLGRANITESHARES ETF TR GANITESHARES 2X | put | 100 | $3.19K | new |
| CGCCANOPY GROWTH CORPORATION Stock | put | 20,300 | $3.18K | 0 |
| MSTZETF OPPORTUNITIES TRUST T REX 2X INVERSE | put | 600 | $3.16K | -6,500 |
| RKTROCKET COS INC COM CL A | put | 200 | $3.07K | new |
| RRRICHTECH ROBOTICS INC CL B | call | 600 | $2.57K | new |
| BTCZWORLD FDS TR T REX TARGET ETF | call | 900 | $2.54K | new |
| TRONTRON INC CMN | put | 1,300 | $2.51K | new |
| CGCCANOPY GROWTH CORPORATION Stock | call | 14,900 | $2.37K | -100 |
| FLGFLAGSTAR BANK NATIONAL ASSOC COM NEW | put | 600 | $2.31K | 0 |
| MCRBSERES THERAPEUTICS INC CMN | put | 100 | $1.92K | new |
| SOXSDIREXION DAILY SEMI BEAR 3X ETF | call | 3,300 | $1.72K | -100 |
| QSIQUANTUM SI INC COM CL A | put | 1,200 | $1.69K | 0 |
| DPRODRAGANFLY INC. COM | put | 200 | $1.63K | new |
| AIFCAI FINL CORP Stock | put | 600 | $1.61K | +500 |
| HTZHERTZ GLOBAL HLDGS INC COM NEW | put | 200 | $1.36K | 0 |
| LIONLIONSGATE STUDIOS CORP Stock | put | 200 | $1.36K | new |
| RRRICHTECH ROBOTICS INC CL B | put | 300 | $1.29K | new |
| YMAXTIDAL TRUST II YIELD UNIVE ETFS | call | 100 | $1.28K | -500 |
| SQNSSEQUANS COMMUNICATIONS S A SPONSORED ADS | put | 1,200 | $1.14K | new |
| KULRKULR TECHNOLOGY GROUP INC COM | put | 2,000 | $1.08K | +1,800 |
| FFAIFARADAY FUTURE INTLGT ELEC I COM NEW CL A | call | 42,800 | $1.07K | +200 |
| PSQHPSQ HOLDINGS INC CL A | put | 500 | $955 | -700 |
| TIDAL TR IITIDAL TR II YIELDMAX TSLA OP | call | 100 | $943 | -10,500 |
| NEGGNEWEGG COMMERCE INC SHS NEW | call | 400 | $840 | -19,300 |
| ONDSONDAS INC COM NEW | put | 100 | $772 | new |
| LIONLIONSGATE STUDIOS CORP Stock | call | 100 | $679 | new |
| ARRARMOUR RESIDENTIAL REIT INC REIT | call | 100 | $299 | 0 |
| HPPHUDSON PAC PPTYS INC COM | put | 100 | $276 | 0 |
| DNAGINKGO BIOWORKS HOLDINGS INC COMMON STOCK | put | 800 | $272 | 0 |
| WKHSWKHS Stock | put | 13,200 | $268 | new |
| SOXSDIREXION DAILY SEMI BEAR 3X ETF | put | 200 | $104 | 0 |
| POLESTAR AUTOMOTIVE HLDG UKPOLESTAR AUTOMOTIVE HLDG UK ADS A | put | 100 | $94 | new |
| VELOVELO3D INC COMMON STOCK | put | 100 | $21 | new |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 330. All 330
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SMHVANECK ETF TRUST | 378,298 | $105M | shares |
| GLDSPDR GOLD TR | 110,487 | $33.7M | shares |
| PPLTABRDN PLATINUM ETF TRUST | 87,902 | $10.8M | shares |
| XLFSELECT SECTOR SPDR TR | 138,700 | $7.26M | call |
| EFAISHARES TR | 75,000 | $6.7M | call |
| SLVISHARES SILVER TR | 186,270 | $6.11M | shares |
| EEMISHARES TR | 112,900 | $5.45M | put |
| EFAISHARES TR | 49,900 | $4.46M | put |
| IAUISHARES GOLD TR | 69,000 | $4.3M | call |
| EEMISHARES TR | 83,356 | $4.02M | shares |
| TLTISHARES TR | 40,000 | $3.53M | call |
| PALLABRDN PALLADIUM ETF TRUST | 28,907 | $2.91M | shares |
| RINFPROSHARES TR | 81,836 | $2.68M | shares |
| MTUMISHARES TR | 10,000 | $2.4M | put |
| ARGTGLOBAL X FDS | 21,033 | $1.78M | shares |
| IYWISHARES TR | 10,000 | $1.73M | put |
| USOUNITED STS OIL FD LP | 22,000 | $1.61M | call |
| ARGTGLOBAL X FDS | 15,800 | $1.34M | call |
| XMMOINVESCO EXCHANGE TRADED FD T | 10,100 | $1.3M | put |
| AZEK CO INCAZEK CO INC | 23,700 | $1.29M | call |
| GDXVANECK ETF TRUST | 23,209 | $1.21M | shares |
| EEMISHARES TR | 24,300 | $1.17M | call |
| ARGTGLOBAL X FDS | 13,000 | $1.1M | put |
| EWYISHARES INC | 15,000 | $1.08M | call |
| DVYISHARES TR | 8,000 | $1.06M | call |
| GDXJVANECK ETF TRUST | 15,346 | $1.04M | shares |
| UNLUNITED STS 12 MONTH NAT GAS | 117,900 | $1.03M | call |
| HOODROBINHOOD MKTS INC | 10,854 | $1.02M | shares |
| GPIQGOLDMAN SACHS ETF TR | 20,000 | $996K | call |
| ROADCONSTRUCTION PARTNERS INC | 9,300 | $988K | call |
| EEMXSPDR INDEX SHS FDS | 25,000 | $937K | put |
| COINCOINBASE GLOBAL INC | 2,547 | $893K | shares |
| TTTPROSHARES TR | 12,100 | $877K | call |
| TMFDIREXION SHARES ETF TRUST | 22,232 | $872K | shares |
| GraniteShares 2x Short COIN…GraniteShares 2x Short COIN Daily… | 353,049 | $851K | shares |
| GOOGLALPHABET INC | 4,553 | $802K | shares |
| MAGXROUNDHILL ETF TRUST | 18,700 | $800K | call |
| FBLGRANITESHARES ETF TR | 16,800 | $769K | call |
| IONPROSHARES TR | 26,100 | $757K | call |
| TSLRGRANITESHARES ETF TR | 40,000 | $756K | call |
| HIMSHIMS & HERS HEALTH INC | 14,100 | $703K | call |
| DIR DLY GOL MN IDX BR 2X ETFDIR DLY GOL MN IDX BR 2X ETF | 28,490 | $703K | shares |
| BILSPDR SERIES TRUST | 7,600 | $697K | put |
| QTUMETF SER SOLUTIONS | 7,503 | $689K | shares |
| EDVVANGUARD WORLD FD | 9,400 | $633K | put |
| KCKINGSOFT CLOUD HLDGS LTD | 50,500 | $632K | call |
| T-Rex 2X Inverse Tesla Dail…T-Rex 2X Inverse Tesla Daily Targ… | 377,260 | $622K | shares |
| METUDIREXION SHARES ETF TRUST | 13,400 | $609K | put |
| CIBRFIRST TR EXCHANGE-TRADED FD | 7,900 | $597K | call |
| SFYFTIDAL TRUST I | 12,500 | $585K | call |
| AIBUDIREXION SHARES ETF TRUST | 13,900 | $583K | call |
| WRBYWARBY PARKER INC | 24,900 | $546K | call |
| IYMISHARES TR | 3,900 | $546K | call |
| COWZPACER FDS TR | 9,200 | $507K | call |
| RTHVANECK ETF TRUST | 2,100 | $501K | put |
| FFTYINNOVATOR ETFS TRUST | 15,200 | $494K | call |
| ARMUETF OPPORTUNITIES TR T-REX 2X | 13,300 | $492K | put |
| SMCXTIDAL TR II DEFIANCE DAILY TAR | 9,900 | $489K | put |
| BFORALPS ETF TR | 6,300 | $485K | call |
| UDNINVESCO DB US DLR INDEX TR | 25,400 | $480K | call |
| MAGSLISTED FDS TR | 8,500 | $471K | call |
| VCRVANGUARD WORLD FD | 1,300 | $471K | call |
| HSAIHESAI GROUP | 21,400 | $470K | call |
| IWFISHARES TR | 1,100 | $467K | call |
| AEVAAEVA TECHNOLOGIES INC | 12,231 | $462K | shares |
| JUCYETF SER SOLUTIONS | 20,400 | $453K | put |
| VRTVERTIV HOLDINGS CO | 3,500 | $449K | call |
| CORZCORE SCIENTIFIC INC NEW | 26,200 | $447K | call |
| SOUNSOUNDHOUND AI INC | 41,200 | $442K | call |
| TUASIMPLIFY EXCHANGE TRADED FUN | 19,701 | $434K | shares |
| EDVVANGUARD WORLD FD | 6,400 | $431K | shares |
| BKLCBNY MELLON ETF TRUST | 3,600 | $426K | call |
| LFGYTIDAL TRUST II | 10,400 | $422K | put |
| XMMOINVESCO EXCHANGE TRADED FD T | 3,200 | $412K | call |
| METUDIREXION SHARES ETF TRUST | 8,900 | $404K | call |
| VXXBARCLAYS BANK PLC | 7,968 | $383K | shares |
| FXLFIRST TR EXCHANGE-TRADED FD | 2,400 | $378K | call |
| UTHYRBB FD INC | 8,794 | $368K | shares |
| QTUMETF SER SOLUTIONS | 4,000 | $367K | put |
| QTUMETF SER SOLUTIONS | 3,900 | $358K | call |
| BKCHGLOBAL X FDS | 6,600 | $348K | shares |
| VIOOVANGUARD ADMIRAL FDS INC | 3,400 | $344K | call |
| TNADIREXION SHARES ETF TRUST | 10,258 | $344K | shares |
| TZADIREXION SHARES ETF TRUST | 28,769 | $341K | shares |
| XLGINVESCO EXCHANGE TRADED FD T | 6,400 | $333K | put |
| SMCYTIDAL TRUST II | 15,682 | $333K | shares |
| ARMARM HOLDINGS PLC | 2,037 | $329K | shares |
| BILSPDR SERIES TRUST | 3,587 | $329K | shares |
| VOEVANGUARD INDEX FDS | 2,000 | $329K | call |
| BIZDVANECK ETF TRUST | 20,000 | $326K | put |
| FORMFORMFACTOR INC | 9,400 | $323K | call |
| VTEIVANGUARD MUN BD FDS | 3,200 | $315K | call |
| IVOOVANGUARD ADMIRAL FDS INC | 3,000 | $315K | call |
| NUKZEXCHANGE TRADED CONCEPTS TRU | 5,500 | $311K | put |
| PRCHPORCH GROUP INC | 26,100 | $308K | call |
| NUKZEXCHANGE TRADED CONCEPTS TRU | 5,311 | $300K | shares |
| EMXCISHARES INC | 4,657 | $294K | shares |
| GLOBAL X FDSGLOBAL X FDS | 7,900 | $294K | call |
| DAXGLOBAL X FDS | 6,500 | $292K | put |
| SKYYFIRST TR EXCHANGE-TRADED FD | 2,400 | $292K | call |
How Q3 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001062993-25-016293 | base | 2025-10-27 | acceptance time not in the bulk data set |