Q2 2026 13F · SEC CIK 1632341

Belvedere Trading LLC

Investment managerFiled 2026-07-31 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.2B
Reported positions: 316
Top holdings a year, 3 yrs: +32.0%
Average holding period: 1.7 yrs

Belvedere Trading LLC is an investment manager that reported 316 positions worth $1.2B in its Q2 2026 13F, filed 2026-07-31. Its largest holdings were Nvidia Corporation (NVDA, 33.0%), Micron Technology Inc (MU, 12.5%), Sandisk Corp (SNDK, 10.3%). A portfolio copying its top holdings returned 32.0% a year over the last 3 years, against 20.4% for the S&P 500.

Belvedere Trading LLC holdings largest 50 of 316 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Belvedere Trading LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	33.0%	21.9%	1,982,242	+111.0%	$396.6M
MUMicron Technology Inc	12.5%	—	130,028	—	$150.1M
SNDKSandisk Corp	10.3%	0.5%	54,196	+755.5%	$123.2M
INTCIntel Corp	4.2%	—	362,460	—	$50.6M
TSLATesla Inc	3.8%	—	109,423	—	$46.0M
AMZNAmazon Com Inc	2.7%	0.6%	134,137	+568.3%	$32.0M
MSTRStrategy Inc	2.5%	5.2%	346,855	+11.6%	$30.2M
AAPLApple Inc	2.3%	—	94,232	—	$27.3M
DRAMRoundhill ETF Trust	2.1%	—	338,013	—	$25.0M
METAMeta Platforms Inc	2.0%	11.3%	43,251	-70.8%	$24.4M
AVGOBroadcom Inc	2.0%	—	62,009	—	$23.4M
GLDSpdr Gold Tr	1.7%	4.5%	54,830	-30.0%	$20.2M
AMDAdvanced Micro Devices Inc	1.4%	1.8%	29,315	-56.8%	$17.0M
SNXXInvestment Managers Ser Tr I	1.3%	0.1%	360,328	+1245.1%	$15.2M
SILGlobal X Fds	1.1%	1.4%	173,824	+45.4%	$13.5M
IYWIshares Tr	1.1%	0.3%	52,411	+381.8%	$13.2M
IBITIshares Bitcoin Trust ETF	1.0%	6.5%	357,726	-72.0%	$11.9M
MUUDirexion Shares ETF Trust	0.9%	0.2%	10,528	-24.5%	$11.0M
URAGlobal X Fds	0.8%	0.2%	221,436	+626.9%	$9.7M
25461H572Direxion Shares ETF Trust	0.6%	0.5%	2,219,988	+2114.9%	$7.2M
SOXLDirexion Shares ETF Trust	0.6%	0.5%	26,828	-67.7%	$7.2M
SMCISuper Micro Computer Inc	0.5%	—	222,038	—	$6.5M
AGIXKraneshares Trust	0.4%	—	93,789	—	$4.4M
NASATema ETF Trust	0.3%	—	123,836	—	$3.8M
SCOProshares Tr II	0.3%	—	100,577	—	$3.5M
FXIIshares Tr	0.3%	—	106,540	—	$3.4M
SPMOInvesco Exch Traded Fd Tr II	0.3%	—	19,547	—	$3.2M
CRAKVaneck ETF Trust	0.3%	—	68,199	—	$3.1M
IVVIshares Tr	0.2%	—	3,996	—	$3.0M
UCOProshares Tr II	0.2%	—	87,430	—	$2.9M
TLTIshares Tr	0.2%	—	32,667	—	$2.8M
COPXGlobal X Fds	0.2%	0.2%	35,295	+55.5%	$2.7M
DBBInvesco Db Multi-Sector Comm	0.2%	—	92,031	—	$2.2M
BNOUnited Sts Brent Oil Fd LP	0.2%	0.1%	50,148	+155.5%	$2.0M
USOUnited Sts Oil Fd LP	0.2%	—	18,829	—	$2.0M
VXXBarclays Bank PLC	0.2%	0.2%	89,418	+144.1%	$2.0M
NUKZRange Nuclear Renaissance ETF	0.2%	—	28,569	—	$1.9M
CHATTidal Trust II	0.2%	—	19,659	—	$1.9M
EUVCorgi Litho & Semicond Photo	0.1%	—	55,693	—	$1.8M
46152A544Investment Managers Ser Tr I	0.1%	—	7,766	—	$1.7M
ASMLAsml Hldg NV	0.1%	—	830	—	$1.7M
AGLAgilon Health Inc	0.1%	—	15,023	—	$1.6M
XARState Streer	0.1%	0.2%	5,156	-5.4%	$1.5M
VWOBVanguard Whitehall Fds	0.1%	—	21,398	—	$1.4M
BITIProshares Tr	0.1%	—	49,368	—	$1.4M
GDXVaneck ETF Trust	0.1%	—	18,835	—	$1.4M
IGVIshares Tr	0.1%	—	15,014	—	$1.4M
AAPUDirexion Shares ETF Trust	0.1%	0.2%	37,115	-41.2%	$1.3M
IGMIshares Tr	0.1%	—	7,818	—	$1.3M
MTUMIshares Tr	0.1%	0.1%	3,643	-9.7%	$1.2M

What Belvedere Trading LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +1.2% /yr; S&P 500 +20.1%
3 years: +32.0% /yr; S&P 500 +20.4%
5 years: +18.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.2B	316
Q1 2026	$749.8M	222
Q4 2025	$540.2M	249
Q3 2025	$1.2B	257
Q2 2025	$1.3B	224
Q1 2025	$1.2B	182
Q4 2024	$1.3B	226
Q3 2024	$1.7B	188
Q2 2024	$1.9B	177
Q1 2024	$1.4B	185
Q4 2023	$1.2B	233
Q3 2023	$750.2M	157

Questions about Belvedere Trading LLC's portfolio

What stocks does Belvedere Trading LLC own?

Belvedere Trading LLC's latest 13F, for Q2 2026 and filed Jul 31, 2026, lists 316 positions worth $1.2B. The largest are Nvidia Corporation (NVDA) at 33.0%, Micron Technology Inc (MU) at 12.5%, Sandisk Corp (SNDK) at 10.3%, Intel Corp (INTC) at 4.2% and Tesla Inc (TSLA) at 3.8%.

What did Belvedere Trading LLC buy last quarter?

In Q2 2026, Belvedere Trading LLC added Direxion Shares ETF Trust (+2114.9% shares), Investment Managers Ser Tr I (SNXX) (+1245.1% shares) and Sandisk Corp (SNDK) (+755.5% shares), compared with its Q1 2026 filing.

What did Belvedere Trading LLC sell last quarter?

In Q2 2026, Belvedere Trading LLC cut from its top 50 State Str Spdr S&p 500 ETF T (SPY), cut from its top 50 Ishares Tr (IWM), cut from its top 50 Sprott Fds Tr (SLVR), cut from its top 50 Ishares Silver Tr (SLV), cut from its top 50 Palantir Technologies Inc (PLTR), Ishares Bitcoin Trust ETF (IBIT) (-72.0% shares), Meta Platforms Inc (META) (-70.8% shares) and Direxion Shares ETF Trust (SOXL) (-67.7% shares), compared with its Q1 2026 filing.

How has Belvedere Trading LLC's portfolio performed?

A portfolio copying Belvedere Trading LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +32.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +1.2% against +20.1%. Over 5 years: +18.1% a year against +11.6%.

When is Belvedere Trading LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Belvedere Trading LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.