Institutional Manager · CIK 0001632341
Belvedere Trading LLC
CHICAGO, IL · File #028-16463
Latest AUM
$93.12B
Positions
857
Top-10 Concentration
81.9%
Filings
11
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | EVERSOURCE ENERGY | ES | +1,743,650 | +$12.13B | $0 |
| REDUCE | SPDR S&P 500 ETF TR TR | SPY | -7,578,300 | -$5.17B | +$488.0M |
| NEW | SOUTHERN CO | SOMN | +18,720,000 | +$1.33B | $0 |
| REDUCE | INVESCO QQQ TR UNIT | IVZ | -1,734,100 | -$1.07B | +$123.3M |
| REDUCE | ISHARES | 464287655 | -1,369,700 | -$337.2M | +$22.5M |
| REDUCE | TESLA INC | TSLA | -565,200 | -$254.2M | +$66.0M |
| REDUCE | STRATEGY INC CL | STRK | -1,658,700 | -$252.0M | -$612.4M |
| REDUCE | SPDR GOLD TR GOLD | GLD | -546,000 | -$216.4M | +$63.5M |
| REDUCE | META PLATFORMS INC | META | -248,000 | -$163.7M | -$125.2M |
| REDUCE | BROADCOM INC | AVGO | -332,700 | -$115.1M | +$32.4M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025857 pos · $93.12B
- 13F HOLDINGS REPORTQ/E Sep 2025888 pos · $86.85B
- 13F HOLDINGS REPORTQ/E Jun 2025807 pos · $85.49B
- 13F HOLDINGS REPORTQ/E Mar 2025681 pos · $88.71B
- 13F HOLDINGS REPORTQ/E Dec 2024831 pos · $82.84B
- 13F HOLDINGS REPORT (Amended)Q/E Sep 2024710 pos · $74.51B
- 13F HOLDINGS REPORT (Amended)Q/E Sep 2024668 pos · $80.58B
- 13F HOLDINGS REPORTQ/E Sep 2024712 pos · $74.58B
- 13F HOLDINGS REPORTQ/E Jun 2024700 pos · $80.58B
- 13F HOLDINGS REPORTQ/E Mar 2024664 pos · $77.26B
- 13F HOLDINGS REPORTQ/E Dec 2023619 pos · $65.54B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR TR | SPY | 23,424,200 | $15.97B | 17.28% |
| 2 | SPDR S&P 500 ETF TR TR | SPY | 22,668,400 | $15.46B | 16.72% |
| 3 | EVERSOURCE ENERGY | ES | 1,743,650 | $12.13B | 13.13% |
| 4 | TESLA INC | TSLA | 12,638,100 | $5.68B | 6.15% |
| 5 | NVIDIA CORPORATION | NVDA | 26,753,000 | $4.99B | 5.40% |
| 6 | TESLA INC | TSLA | 11,028,500 | $4.96B | 5.37% |
| 7 | NVIDIA CORPORATION | NVDA | 24,894,900 | $4.64B | 5.02% |
| 8 | INVESCO QQQ TR UNIT | IVZ | 7,111,200 | $4.37B | 4.73% |
| 9 | INVESCO QQQ TR UNIT | IVZ | 6,247,300 | $3.84B | 4.15% |
| 10 | EVERSOURCE ENERGY | ES | 529,650 | $3.69B | 3.99% |
| 11 | SOUTHERN CO | SOMN | 22,720,000 | $1.61B | 1.74% |
| 12 | SOUTHERN CO | SOMN | 18,720,000 | $1.33B | 1.43% |
| 13 | META PLATFORMS INC | META | 1,999,000 | $1.32B | 1.43% |
| 14 | ISHARES | 464287655 | 3,994,900 | $983.4M | 1.06% |
| 15 | META PLATFORMS INC | META | 1,436,900 | $948.5M | 1.03% |
| 16 | APPLE INC | AAPL | 2,937,300 | $798.5M | 0.86% |
| 17 | VANECK | 92189F676 | 2,150,900 | $774.6M | 0.84% |
| 18 | APPLE INC | AAPL | 2,735,000 | $743.5M | 0.80% |
| 19 | SPDR GOLD TR GOLD | GLD | 1,839,400 | $729.0M | 0.79% |
| 20 | ISHARES | 464287655 | 2,923,300 | $719.6M | 0.78% |