Belvedere Trading LLC Q4 2025 Filing
Filed February 10, 2026
Portfolio Value
$93.1B
Holdings
384
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (384 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR TR | 46,114,154 | $31.4B | 33.77% | Put |
| 2 | ESEVERSOURCE ENERGY | 2,273,367 | $15.8B | 16.99% | Put |
| 3 | TSLATESLA INC | 23,666,600 | $10.6B | 11.43% | Put |
| 4 | NVDANVIDIA CORPORATION | 51,800,556 | $9.7B | 10.37% | Put |
| 5 | NDQINVESCO QQQ TR UNIT | 13,444,055 | $8.3B | 8.87% | Put |
| 6 | SOSOUTHERN CO | 41,440,117 | $2.9B | 3.15% | Put |
| 7 | METAMETA PLATFORMS INC | 3,435,900 | $2.3B | 2.43% | Put |
| 8 | IWMISHARES | 6,973,437 | $1.7B | 1.84% | Put |
| 9 | AAPLAPPLE INC | 5,672,300 | $1.5B | 1.65% | Put |
| 10 | SMHVANECK | 4,010,900 | $1.4B | 1.55% | Put |
| 11 | AMDADVANCED MICRO DEVICES INC | 5,851,207 | $1.3B | 1.34% | Put |
| 12 | GQ9SPDR GOLD TR GOLD | 2,907,031 | $1.2B | 1.24% | Put |
| 13 | AMZNAMAZON COM INC | 4,764,579 | $1.1B | 1.18% | Put |
| 14 | AVGOBROADCOM INC | 3,154,026 | $1.1B | 1.17% | Put |
| 15 | PLTRPALANTIR TECHNOLOGIES INC | 3,699,489 | $656.0M | 0.70% | Put |
| 16 | MIGASTRATEGY INC CL | 4,087,094 | $620.0M | 0.67% | Put |
| 17 | IBITISHARES BITCOIN TRUST ETF SHS | 6,684,232 | $331.0M | 0.36% | Put |
| 18 | SMCISUPER MICRO COMPUTER INC | 7,871,196 | $228.0M | 0.24% | Put |
| 19 | SLVISHARES SILVER TR | 3,545,870 | $227.0M | 0.24% | Put |
| 20 | RTORENTOKIL INITIAL | 23,300 | $57.0M | 0.06% | Put |
| 21 | WDCWESTERN DIGITAL CORP | 196,504 | $36.0M | 0.04% | Put |
| 22 | MQMARQETA INC CLASS A | 1,120 | $27.0M | 0.03% | Put |
| 23 | PPLTABRDN PLATINUM ETF TRUST PHYSCL PLATM | 113,700 | $20.0M | 0.02% | Put |
| 24 | SLVRSPROTT FDS | 364,101 | $19.0M | 0.02% | Put |
| 25 | BABAALIBABA GROUP HLDG | 120,891 | $16.0M | 0.02% | Put |
| 26 | CWEBDIREXION SHS ETF TR DAILY CSI | 430,206 | $16.0M | 0.02% | Put |
| 27 | SILGLOBAL X FDS GLOBAL | 211,918 | $16.0M | 0.02% | Put |
| 28 | COINCOINBASE GLOBAL INC COM | 76,337 | $15.0M | 0.02% | Put |
| 29 | YINNDIREXION SHS ETF TR DL FTSE | 383,425 | $15.0M | 0.02% | Put |
| 30 | SBITPROSHARES | 361,400 | $15.0M | 0.02% | Put |
| 31 | CRCLCIRCLE INTERNET GROUP INC COM | 184,562 | $14.0M | 0.02% | Put |
| 32 | CVNACARVANA CO | 34,300 | $13.0M | 0.01% | Put |
| 33 | SNDKSANDISK CORP | 45,454 | $10.0M | 0.01% | Put |
| 34 | NLRVANECK ETF TRUST URANIUM AND | 85,995 | $9.0M | 0.01% | Put |
| 35 | KWEBKRANESHARES TRUST CSI | 323,679 | $9.0M | 0.01% | Put |
| 36 | VOOGVANGUARD ADMIRAL FDS INC 500 GRTH | 22,300 | $9.0M | 0.01% | Put |
| 37 | AGQPROSHARES TR | 57,925 | $8.0M | 0.01% | Put |
| 38 | NVDXETF OPPORTUNITIES TRUST T REX | 500,942 | $8.0M | 0.01% | Put |
| 39 | NVSNNOVARTIS | 63,416 | $8.0M | 0.01% | Put |
| 40 | GDXJVANECK ETF TRUST JUNIOR | 62,300 | $7.0M | 0.01% | Put |
| 41 | ASTXINVESTMENT MANAGERS SER TR TRADR | 193,395 | $6.0M | 0.01% | Put |
| 42 | COPXGLOBAL X FDS GLOBAL | 94,950 | $6.0M | 0.01% | Put |
| 43 | BITXVOLATILITY SHS TR | 232,980 | $5.0M | 0.01% | Put |
| 44 | FNGGDIREXION SHS ETF TR DAILY | 28,777 | $5.0M | 0.01% | Put |
| 45 | AVLDIREXION SHS ETF TR DAILY | 159,523 | $5.0M | 0.01% | Put |
| 46 | GMEGAMESTOP CORP NEW | 233,900 | $4.0M | 0.00% | Put |
| 47 | UBERUBER TECHNOLOGIES INC | 50,000 | $4.0M | 0.00% | Put |
| 48 | BKCHGLOBAL X FDS GBL | 88,397 | $4.0M | 0.00% | Put |
| 49 | PALLABRDN PALLADIUM | 33,100 | $4.0M | 0.00% | Put |
| 50 | SLVPISHARES INC MSCI | 142,647 | $4.0M | 0.00% | Put |
| 51 | XLFSELECT SECTOR SPDR | 78,713 | $4.0M | 0.00% | Put |
| 52 | SIVRABRDN SILVER ETF TRUST PHYSCL SILVR | 53,892 | $3.0M | 0.00% | Put |
| 53 | PPHVANECK ETF TRUST | 33,767 | $3.0M | 0.00% | |
| 54 | ORCLORACLE CORP | 17,500 | $3.0M | 0.00% | Call |
| 55 | GOOGLALPHABET INC CAP STK | 10,800 | $3.0M | 0.00% | Put |
| 56 | MULLGRANITESHARES ETF TR 2X LONG | 48,149 | $3.0M | 0.00% | Put |
| 57 | GEGE AEROSPACE | 12,079 | $3.0M | 0.00% | Put |
| 58 | DASXINVESTMENT MANAGERS SER TR I TRADR 2X | 74,300 | $3.0M | 0.00% | Put |
| 59 | FXIISHARES | 97,413 | $3.0M | 0.00% | |
| 60 | VUGVANGUARD INDEX | 8,947 | $3.0M | 0.00% | Put |
| 61 | HUTHUT 8 CORP | 161,254 | $3.0M | 0.00% | Put |
| 62 | COFCAPITAL ONE FINL CORP | 13,400 | $3.0M | 0.00% | Put |
| 63 | IAU*ISHARES GOLD TR | 50,896 | $3.0M | 0.00% | Call |
| 64 | HOOWROUNDHILL ETF TRUST | 54,965 | $2.0M | 0.00% | Put |
| 65 | RKLXTIDAL TRUST | 62,400 | $2.0M | 0.00% | Put |
| 66 | IVVISHARES TR | 3,500 | $2.0M | 0.00% | Put |
| 67 | TTTPROSHARES TR | 30,000 | $2.0M | 0.00% | Call |
| 68 | BTCINEOS ETF TRUST BITCOIN | 75,725 | $2.0M | 0.00% | Put |
| 69 | BIDUNBAIDU INC SPON ADR | 16,700 | $2.0M | 0.00% | Put |
| 70 | ULUNILEVER PLC SPON | 39,300 | $2.0M | 0.00% | Call |
| 71 | DHRDANAHER CORPORATION | 10,600 | $2.0M | 0.00% | Put |
| 72 | SILJAMPLIFY ETF | 108,706 | $2.0M | 0.00% | Put |
| 73 | PLTUDIREXION SHS ETF TR DAILY | 47,937 | $2.0M | 0.00% | Put |
| 74 | FBLGRANITESHARES ETF TR 2X LONG | 95,627 | $2.0M | 0.00% | Put |
| 75 | UGLPROSHARES TR | 48,913 | $2.0M | 0.00% | Put |
| 76 | FTCFIRST TR EXCHANGE-TRADED ALP COM | 13,500 | $2.0M | 0.00% | Put |
| 77 | NVONOVO-NORDISK A | 54,966 | $2.0M | 0.00% | Put |
| 78 | MMM3M CO | 14,037 | $2.0M | 0.00% | Call |
| 79 | SCHBSCHWAB STRATEGIC TR US BRD | 39,154 | $1.0M | 0.00% | |
| 80 | NVDLGRANITESHARES ETF TR 2X LONG | 35,227 | $1.0M | 0.00% | Put |
| 81 | NVDUDIREXION SHS ETF TR DAILY NVDA | 19,368 | $1.0M | 0.00% | Call |
| 82 | XLVSELECT SECTOR SPDR | 12,100 | $1.0M | 0.00% | Call |
| 83 | ORCXTIDAL TRUST | 83,656 | $1.0M | 0.00% | Put |
| 84 | QBTSD-WAVE QUANTUM INC | 52,727 | $1.0M | 0.00% | Call |
| 85 | HYGISHARES TR IBOXX HI | 12,874 | $1.0M | 0.00% | |
| 86 | SOXQINVESCO EXCH TRADED FD TR II INVESCO | 18,600 | $1.0M | 0.00% | Put |
| 87 | NUKZEXCHANGE TRADED CONCEPTS TRU RANGE | 37,061 | $1.0M | 0.00% | Put |
| 88 | OKLOOKLO INC COM | 22,545 | $1.0M | 0.00% | Put |
| 89 | QBTXINVESTMENT MANAGERS SER TR I TRADR 2X | 71,300 | $1.0M | 0.00% | Put |
| 90 | VRTVERTIV HOLDINGS CO COM | 7,254 | $1.0M | 0.00% | Put |
| 91 | LENLENNAR CORP | 14,900 | $1.0M | 0.00% | Put |
| 92 | NEBXINVESTMENT MANAGERS SER TR I TRADR | 73,100 | $1.0M | 0.00% | Put |
| 93 | SATSECHOSTAR CORP | 45,900 | $1.0M | 0.00% | Put |
| 94 | GEVGE VERNOVA INC | 3,019 | $1.0M | 0.00% | |
| 95 | IONXTIDAL TRUST | 88,900 | $1.0M | 0.00% | Put |
| 96 | VGTVANGUARD WORLD FD INF | 2,400 | $1.0M | 0.00% | Put |
| 97 | EFAISHARES TR MSCI | 17,972 | $1.0M | 0.00% | |
| 98 | LACLITHIUM AMERS CORP NEW COM | 166,600 | $1.0M | 0.00% | Put |
| 99 | ARKTARK ETF TR | 12,300 | $1.0M | 0.00% | Call |
| 100 | UNHUNITEDHEALTH GROUP INC | 5,400 | $1.0M | 0.00% | Call |
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