Belvedere Trading LLC
Follow13F filer, CIK 1632341, CHICAGO, IL
Belvedere Trading LLC reported $93,116,093,158 across 857 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-10. Its ten largest share positions make up 58.52% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001062993-26-000726
- Period
- 2025-12-31
- Reported value
- $93.1B
- Holdings
- 857
- Top 10 weight
- 58.52%
- New
- 392
- Sold out
- 423
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SMCIadded | +798,680 | $23.4M |
| GLDnew | +58,131 | $23M |
| WDCadded | +75,472 | $13M |
| SLVnew | +188,770 | $12.2M |
| MSTRadded | +77,045 | $11.7M |
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.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| TSLAexited | -423,436 | -$188M |
| SPYreduced | -252,803 | -$172M |
| NVDAreduced | -779,304 | -$145M |
| AVGOreduced | -270,841 | -$93.7M |
| IBITreduced | -1,624,692 | -$80.7M |
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 257 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 |
|---|---|---|---|---|
| NEONNEONODE INC CMN | put | 13,200 | $23K | -300 |
| AMZZGRANITESHARES ETF TR 2X LONG AMZN ETF | put | 700 | $22K | new |
| MSTUETF OPPORTUNITIES TRUST T RE 2X MSTR ETF | put | 3,500 | $21.6K | new |
| NVDSINVESTMENT MANAGERS SER TR I CMN | call | 1,500 | $20.8K | new |
| NAKNORTHERN DYNASTY MINERALS LT Stock | call | 10,500 | $20.7K | new |
| FCELFUELCELL ENERGY INC COMMON STOCK | put | 2,800 | $20.5K | new |
| TRONTRON INC CMN | call | 16,400 | $20.3K | -1,300 |
| ECHISHARES INC MSCI CHILE ETF | put | 500 | $20.2K | new |
| NVDQETF OPPORTUNITIES TRUST CMN | call | 1,200 | $20.2K | new |
| METUDIREXION SHARES ETF TRUST ETF | put | 600 | $19.3K | new |
| SPUUDIREXION SHARES ETF TRUST DAILY 500 2X ETF | put | 100 | $18.4K | -1,000 |
| DDD3D SYS CORP DEL COMMON STOCK | call | 10,100 | $17.9K | +100 |
| NVDSINVESTMENT MANAGERS SER TR I CMN | put | 900 | $17.7K | new |
| CHATTIDAL TRUST II ROUNDHILL GENER | put | 300 | $17.7K | new |
| UVXYPROSHARES TR II ULTRA VIX SHORT | put | 2,400 | $17.3K | new |
| PSQHPSQ HOLDINGS INC CL A | call | 16,400 | $16.9K | 0 |
| IUSGISHARES TR ETF | put | 100 | $16.8K | new |
| IUSGISHARES TR ETF | call | 100 | $16.8K | new |
| TSLGTHEMES ETF TR CMN | put | 1,700 | $15.8K | -900 |
| QSIQUANTUM SI INC COM CL A | call | 14,400 | $15.8K | -700 |
| KYMRKYMERA THERAPEUTICS INC COM | call | 200 | $15.6K | new |
| LLYXTIDAL TRUST II CMN | put | 600 | $15.3K | -3,100 |
| AIQGLOBAL X FDS ARTIFICIAL ETF | call | 300 | $15.3K | new |
| REMXVANECK ETF TRUST RARE EAR STR ETF | put | 200 | $14.8K | new |
| SGDMSPROTT ETF TRUST GOLD MINERS ETF | put | 200 | $13.9K | -1,500 |
| WOLFWOLFSPEED INC COMMON STOCK | put | 29,900 | $13.7K | -3,853,900 |
| DFDVDEFI DEVELOPMENT CORP COM | put | 2,600 | $13.5K | -11,000 |
| CRWLGRANITESHARES ETF TR CMN | call | 400 | $12.3K | -7,200 |
| SHVISHARES TR SHS | call | 100 | $11K | new |
| CRCGTHEMES ETF TR LEVERAGE SHS 2X | call | 4,200 | $10.9K | -7,700 |
| ROBNETF OPPORTUNITIES TRUST T REX 2X LONG HO | put | 200 | $10.8K | -300 |
| SIRISIRIUSXM HOLDINGS INC COMMON STOCK | call | 1,300 | $10K | 0 |
| TARKINVESTMENT MANAGERS SER TR I TRAD 2X INNO ETF | put | 200 | $9.71K | +100 |
| GGLLDIREXION SHARES ETF TRUST DLY GOOGL BUL 2X | put | 100 | $9.69K | new |
| CRMGTHEMES ETF TR CMN | call | 700 | $9.6K | new |
| AVGWROUNDHILL ETF TRUST AVGO WEEKL ETF | call | 200 | $9.53K | new |
| BEXINVESTMENT MANAGERS SER TR I TRADR 2X BE ETF | put | 1,000 | $9.39K | new |
| XRPIVOLATILITY SHS TR XRP ETF | call | 800 | $8.46K | new |
| ETHGRAYSCALE ETHEREUM STAKING SHS NEW | call | 300 | $8.42K | +100 |
| SGDJSPROTT ETF TRUST JR GOLD MINERS E | put | 100 | $8.41K | 0 |
| MSFXETF OPPORTUNITIES TRUST T REX 2X LNG MIC | put | 300 | $8.21K | new |
| CRWGTHEMES ETF TR LEVERAGE SHS 2X | call | 2,800 | $7.59K | +1,000 |
| APAAPA CORPORATION Stock | call | 300 | $7.55K | new |
| COPXGLOBAL X FDS GLOBAL X COPPER | call | 100 | $7.18K | new |
| ADBGTHEMES ETF TR CMN | call | 700 | $7.15K | new |
| DNAGINKGO BIOWORKS HOLDINGS INC COMMON STOCK | call | 33,400 | $7.01K | 0 |
| BKCHGLOBAL X FDS ETF | call | 100 | $6.39K | -1,100 |
| ACBAURORA CANNABIS INC Stock | call | 1,400 | $5.91K | new |
| OTLYOATLY GROUP AB CMN | call | 11,100 | $5.88K | new |
| MSOXADVISORSHARES TR MSOS DAILY LVRGD | put | 3,100 | $5.79K | new |
| KODKODIAK SCIENCES INC COM | put | 200 | $5.59K | new |
| KODKODIAK SCIENCES INC COM | call | 200 | $5.59K | new |
| MSFXETF OPPORTUNITIES TRUST T REX 2X LNG MIC | call | 200 | $5.47K | new |
| LPSNLIVEPERSON INC CMN | call | 20,000 | $5.4K | new |
| QBTSD-WAVE QUANTUM INC COM | call | 200 | $5.23K | new |
| AMDLGRANITESHARES ETF TR GRANITE 2X LONG | put | 300 | $4.67K | new |
| UUNITY SOFTWARE INC Stock | put | 100 | $4.42K | new |
| UUNITY SOFTWARE INC Stock | call | 100 | $4.42K | new |
| NVOXTIDAL TRUST II DEFIANCE DLY TRG | call | 200 | $4.38K | new |
| GMEUETF OPPORTUNITIES TRUST T REX 2X LONG GM | call | 500 | $4.36K | -14,600 |
| ABUSARBUTUS BIOPHARMA CORP Common Shares, without par value | call | 900 | $4.33K | new |
| ETQWORLD FDS TR T-REX 2X INVERSE ETP | call | 100 | $4.31K | new |
| XRPIVOLATILITY SHS TR XRP ETF | put | 400 | $4.23K | new |
| Proshares Ultra CRCLProshares Ultra CRCL ETF | put | 1,000 | $4.04K | -25,400 |
| LCIDLUCID GROUP INC Stock | put | 3,800 | $4.03K | -41,100 |
| FAZDIREXION SHARES ETF TRUST DAILY FINANCIAL | call | 100 | $3.84K | new |
| ELEELEMENTAL RTY CORP COMMON STOCK | put | 800 | $3.8K | new |
| CRWGTHEMES ETF TR LEVERAGE SHS 2X | put | 1,400 | $3.79K | -3,400 |
| ELVRELEVRA LITHIUM LTD ADR | put | 200 | $3.79K | new |
| CRWUETF OPPORTUNITIES TRUST T-REX 2X LONG | put | 700 | $3.52K | new |
| NAKANAKAMOTO INC Common Stock | put | 9,900 | $3.48K | -200 |
| CONIGRANITESHARES ETF TR 2X SHORT COIN | put | 1,000 | $3.41K | -500 |
| AAPUDIREXION SHARES ETF TRUST DLY AAPL BULL 2X | put | 100 | $3.36K | -3,100 |
| AAPUDIREXION SHARES ETF TRUST DLY AAPL BULL 2X | call | 100 | $3.36K | new |
| CRCGTHEMES ETF TR LEVERAGE SHS 2X | put | 1,100 | $2.86K | -18,300 |
| YBTCROUNDHILL ETF TRUST BITCOIN COVERED | call | 100 | $2.85K | -1,300 |
| FLGFLAGSTAR BANK NATIONAL ASSOC COM NEW | put | 600 | $2.51K | 0 |
| CGCCANOPY GROWTH CORPORATION Stock | put | 20,300 | $2.34K | 0 |
| CRMLCRITICAL METALS CORP PUBCO ORD SHS | call | 300 | $2.08K | new |
| BKKTBAKKT INC COMMON STOCK | put | 4,900 | $1.96K | 0 |
| WOLFWOLFSPEED INC COMMON STOCK | call | 700 | $1.84K | -58,100 |
| SOCSABLE OFFSHORE CORP COM SHS | put | 200 | $1.8K | new |
| CGCCANOPY GROWTH CORPORATION Stock | call | 14,900 | $1.74K | 0 |
| RKTROCKET COS INC COM CL A | put | 100 | $1.53K | -100 |
| MSTYTIDAL TRUST II YIE MST OPT NEW | call | 200 | $1.18K | new |
| HTZHERTZ GLOBAL HLDGS INC COM NEW | put | 200 | $1.03K | 0 |
| FFAIFARADAY FUTURE INTLGT ELEC I COM NEW CL A | call | 42,800 | $933 | 0 |
| BOILPROSHARES TR II ETF | put | 200 | $916 | new |
| BOILPROSHARES TR II ETF | call | 200 | $916 | new |
| KULRKULR TECHNOLOGY GROUP INC COM | put | 1,900 | $722 | -100 |
| DFLIDRAGONFLY ENERGY HOLDINGS CO COM | put | 20,600 | $618 | new |
| WKHSWORKHORSE GROUP INC COM NEW | put | 11,900 | $595 | new |
| SQNSSEQUANS COMMUNICATIONS S A SPONSORED ADS | put | 1,200 | $540 | 0 |
| ARRARMOUR RESIDENTIAL REIT INC REIT | call | 100 | $354 | 0 |
| ETHUVOLATILITY SHS TR 2X ETHER ETF NEW | put | 100 | $274 | -1,900 |
| QSIQUANTUM SI INC COM CL A | put | 200 | $220 | -1,000 |
| PSNYPOLESTAR AUTOMOTIVE HLDG UK ADR | put | 300 | $207 | new |
| NAKNORTHERN DYNASTY MINERALS LT Stock | put | 100 | $197 | new |
| DNAGINKGO BIOWORKS HOLDINGS INC COMMON STOCK | put | 800 | $168 | 0 |
| VORVOR BIOPHARMA INC COMMON STOCK | put | 200 | $130 | -1,500 |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 423. All 423
| Security | Shares before | Value before | Type |
|---|---|---|---|
| TSLATESLA INC | 423,436 | $188M | shares |
| AAPLAPPLE INC | 64,294 | $16.4M | shares |
| METAMETA PLATFORMS INC | 21,382 | $15.7M | shares |
| VOOVANGUARD INDEX FDS | 15,624 | $9.57M | shares |
| TIPISHARES TR | 35,700 | $3.97M | put |
| NFLXNETFLIX INC. | 3,000 | $3.6M | put |
| IAIISHARES TR | 19,500 | $3.45M | put |
| IVOLKRANESHARES TRUST | 177,996 | $3.43M | shares |
| VOOVANGUARD INDEX FDS | 3,900 | $2.39M | call |
| TIPISHARES TR | 20,000 | $2.22M | call |
| SOLZVOLATILITY SHS TR | 85,466 | $1.89M | shares |
| TIDAL TR IITIDAL TR II | 184,100 | $1.74M | put |
| VERONA PHARMA PLCVERONA PHARMA PLC | 15,100 | $1.61M | call |
| RDDTREDDIT INC | 6,700 | $1.54M | call |
| COFCAPITAL ONE FINL CORP | 7,162 | $1.52M | shares |
| TIDAL TR IITIDAL TR II | 160,195 | $1.51M | shares |
| INVESTMENT MANAGERS SER TRINVESTMENT MANAGERS SER TR | 73,876 | $1.51M | shares |
| IYYISHARES TR | 9,173 | $1.49M | shares |
| PATKPATRICK INDS INC | 13,500 | $1.4M | put |
| LENLENNAR CORP | 10,721 | $1.35M | shares |
| RDDTREDDIT INC | 5,600 | $1.29M | shares |
| PATKPATRICK INDS INC | 11,679 | $1.21M | shares |
| SARKINVESTMENT MANAGERS SER TR I | 41,804 | $1.2M | shares |
| YETHROUNDHILL ETF TRUST | 44,300 | $1.18M | put |
| HIMZTIDAL TR II DEFIANCE DAILY TAR | 51,000 | $1.15M | call |
| GMEGAMESTOP CORP | 39,631 | $1.08M | shares |
| FETHFIDELITY ETHEREUM FD | 26,000 | $1.08M | put |
| TRADR 2X LONG QUBT DAILY ETFTRADR 2X LONG QUBT DAILY ETF | 50,400 | $1.07M | call |
| CNRCORE NATURAL RESOURCES INC | 12,100 | $1.02M | call |
| MR COOPER GROUP INCMR COOPER GROUP INC | 4,275 | $901K | shares |
| SVOLSIMPLIFY EXCHANGE TRADED FUN | 50,000 | $900K | put |
| SVOLSIMPLIFY EXCHANGE TRADED FUN | 50,000 | $900K | call |
| IVEISHARES TR | 4,300 | $888K | call |
| HOOXTIDAL TR II DEFIANCE DAILY TAR | 4,835 | $869K | shares |
| XNTKSPDR SERIES TRUST | 3,101 | $844K | shares |
| MUUDIREXION SHARES ETF TRUST | 20,350 | $844K | shares |
| SMCXTIDAL TR II DEFIANCE DAILY TAR | 21,500 | $835K | call |
| RGTXTIDAL TR II DEFIANCE DAILY TAR | 5,601 | $832K | shares |
| GOOGLALPHABET INC | 3,400 | $827K | call |
| GDXYTIDAL TRUST II | 45,600 | $805K | put |
| BHFBRIGHTHOUSE FINL INC | 15,100 | $802K | put |
| SLONPROSHARES TR | 15,410 | $797K | shares |
| GRNYTIDAL TRUST I | 31,453 | $786K | shares |
| CONLGRANITESHARES ETF TR | 19,375 | $725K | shares |
| SNEXSTONEX GROUP INC | 7,108 | $717K | shares |
| EUADSPINNAKER ETF SERIES | 15,017 | $705K | shares |
| YETHROUNDHILL ETF TRUST | 25,949 | $692K | shares |
| TIPISHARES TR | 6,140 | $683K | shares |
| ASTSAST SPACEMOBILE INC | 13,800 | $677K | put |
| GDEWISDOMTREE TR | 11,700 | $672K | call |
| SNOUETF OPPORTUNITIES TRUST | 12,967 | $655K | shares |
| BNOUNITED STS BRENT OIL FD LP | 20,000 | $601K | call |
| RBLUETF OPPORTUNITIES TRUST | 6,000 | $596K | call |
| IONLGRANITESHARES ETF TR | 7,000 | $588K | put |
| BLOKAMPLIFY ETF TR | 8,499 | $570K | shares |
| MQQQINVESTMENT MANAGERS SER TR I | 3,100 | $558K | call |
| PLTYTIDAL TRUST II | 8,495 | $554K | shares |
| BBCETFIS SER TR I | 20,300 | $554K | call |
| GSLCGOLDMAN SACHS ETF TR | 4,244 | $553K | shares |
| BHFBRIGHTHOUSE FINL INC | 10,400 | $552K | call |
| EWZISHARES INC | 17,315 | $537K | shares |
| BAIGTHEMES ETF TR | 28,200 | $523K | call |
| SMLLHARBOR ETF TRUST | 24,400 | $520K | call |
| SOXSDIREXION DAILY SEMI BEAR 3X | 96,752 | $500K | shares |
| SOXLDIREXION SHARES ETF TRUST | 14,335 | $499K | shares |
| TIPTTIPTREE INC | 26,021 | $499K | shares |
| TRADR 2X LONG QUBT DAILY ETFTRADR 2X LONG QUBT DAILY ETF | 23,500 | $499K | put |
| TIPTTIPTREE INC | 26,000 | $498K | put |
| VOLATILITY SHS TRVOLATILITY SHS TR | 31,800 | $493K | put |
| MRALGRANITESHARES ETF TR | 21,300 | $492K | put |
| SLONPROSHARES TR | 9,400 | $486K | put |
| ASHRDBX ETF TR | 14,695 | $485K | shares |
| IONPROSHARES TR | 12,324 | $480K | shares |
| DATPROSHARES TR | 10,000 | $479K | call |
| JJACOBS SOLUTIONS INC | 2,900 | $470K | call |
| HIMSHIMS & HERS HEALTH INC | 8,240 | $467K | shares |
| VTVVANGUARD INDEX FDS | 2,500 | $466K | call |
| RSPINVESCO EXCHANGE TRADED FD T | 2,427 | $460K | shares |
| RDDTREDDIT INC | 2,000 | $460K | put |
| ITUBITAU UNIBANCO HLDG S A | 61,504 | $451K | shares |
| ROUNDHILLROUNDHILL | 82,100 | $449K | put |
| BTCLWORLD FDS TR | 7,917 | $445K | shares |
| HIMZTIDAL TR II DEFIANCE DAILY TAR | 19,500 | $440K | put |
| NUGTDIREXION SHARES ETF TRUST | 2,817 | $435K | shares |
| T-Rex 2X Long MSTR Daily Ta…T-Rex 2X Long MSTR Daily Target E… | 93,400 | $434K | call |
| SLYGSPDR SERIES TRUST | 4,600 | $434K | shares |
| IONLGRANITESHARES ETF TR | 5,000 | $420K | call |
| CWANCLEARWATER ANALYTICS HLDGS I | 49,500 | $419K | put |
| EWGISHARES INC | 10,000 | $416K | put |
| UBRLGRANITESHARES ETF TR | 11,700 | $414K | call |
| AAPXETF OPPORTUNITIES TRUST | 14,694 | $412K | shares |
| KKELLANOVA | 5,000 | $410K | put |
| CWANCLEARWATER ANALYTICS HLDGS I | 22,663 | $408K | shares |
| SPYINEOS ETF TRUST | 7,701 | $403K | shares |
| LACLITHIUM AMERS CORP NEW | 69,033 | $394K | shares |
| SHLDGLOBAL X FDS | 5,588 | $393K | shares |
| TINYPROSHARES TR | 7,700 | $391K | call |
| SARKINVESTMENT MANAGERS SER TR I | 13,600 | $390K | call |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 1,371 | $383K | shares |
| MPMP MATERIALS CORP | 5,691 | $382K | shares |
How Q4 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 0001062993-26-000726 | base | 2026-02-10 | acceptance time not in the bulk data set |