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)

#StockSharesValue% PortfolioType
301
MTUMISHARES TR MSCI
5,085$00.00%Put
302
XARSPDR
4,451$00.00%Put
303
PSQHPSQ HOLDINGS INC
16,715$00.00%Call
304
MSFUDIREXION SHS ETF TR DAILY MSFT
20,500$00.00%Call
305
PWBINVESCO EXCHANGE TRADED FD T LARGE
5,200$00.00%Call
306
VXFVANGUARD INDEX FDS EXTEND
4,400$00.00%Put
307
FXLFIRST TR EXCHANGE TRADED FD
1,800$00.00%Call
308
HONHONEYWELL INTL INC
1,500$00.00%Put
309
ASMGTHEMES ETF TR LEVERAGE
29,180$00.00%Put
310
CSGPCOSTAR GROUP INC
26,800$00.00%Call
311
NAKNORTHERN DYNASTY MINERALS LT
11,372$00.00%Put
312
VEONVEON
11,149$00.00%Put
313
HOOYTIDAL TRUST II YIELDMAX
8,632$00.00%Put
314
EAELECTRONIC ARTS INC
1,746$00.00%
315
EXEEXPAND ENERGY CORPORATION
48,500$00.00%Call
316
URAGLOBAL X FDS GLOBAL
36,028$00.00%Put
317
DLLLGRANITESHARES ETF TR 2X LONG
15,900$00.00%Put
318
YBTCROUNDHILL
29,119$00.00%Put
319
PLTYTIDAL TRUST II YIELDMAX
8,000$00.00%Put
320
ETHAISHARES ETHEREUM TR
20,865$00.00%Call
321
ADBGTHEMES ETF TR LEVERAGE
17,894$00.00%Call
322
TMFCRBB FD INC MOTLEY
3,500$00.00%Put
323
ETHTPROSHARES
49,868$00.00%Put
324
UUNITY SOFTWARE INC
5,420$00.00%Put
325
QC10FLAGSTAR BANK NATIONAL ASSOC
145,500$00.00%Put
326
IWYISHARES TR RUS TP200
1,200$00.00%Put
327
XTNSPDR
2,900$00.00%Put
328
FEYFUELCELL ENERGY INC
110,473$00.00%Put
329
UNLUNITED STS 12 MONTH NAT GAS UNIT
52,543$00.00%Put
330
AVGWROUNDHILL ETF TRUST
6,021$00.00%Put
331
CONIGRANITESHARES ETF TR
17,100$00.00%Put
332
NGDNEW GOLD INC CDA
17,100$00.00%Call
333
WEBLDIREXION SHS ETF TR DAILY
21,300$00.00%Put
334
LEUCENTRUS ENERGY CORP
3,931$00.00%Put
335
KYMRKYMERA THERAPEUTICS INC
4,082$00.00%Put
336
WGMIVALKYRIE ETF TRUST II
21,278$00.00%Put
337
LABUDIREXION SHS ETF TR DAILY
20,240$00.00%Put
338
ONDPROSHARES
10,000$00.00%Call
339
QUSSPDR
1,600$00.00%Call
340
FAZDIREXION SHS ETF TR DAILY
11,210$00.00%Call
341
SOCSABLE OFFSHORE CORP COM
26,889$00.00%Put
342
INTWGRANITESHARES ETF TR 2X LONG
29,900$00.00%Put
343
NXDRNEXTDOOR HOLDINGS INC COM
12,000$00.00%Call
344
ROBNETF OPPORTUNITIES TRUST T REX 2X
6,414$00.00%Put
345
BITIPROSHARES
9,900$00.00%Call
346
AMLXAMYLYX PHARMACEUTICALS INC
14,400$00.00%Put
347
RGTIRIGETTI COMPUTING INC
19,437$00.00%Put
348
ACWIISHARES TR MSCI
3,675$00.00%
349
HDBHDFC BANK
5,700$00.00%Call
350
ETHUVOLATILITY SHS TR 2X ETHER
39,093$00.00%Put
351
XSWSPDR
3,700$00.00%Put
352
CDTXCIDARA THERAPEUTICS INC
1,700$00.00%Put
353
DDD3-D SYS CORP DEL
10,100$00.00%Call
354
BMOBANK
14,007$00.00%
355
CDECOEUR MNG INC
81,270$00.00%Put
356
HTZHERTZ GLOBAL HLDGS INC
25,300$00.00%Put
357
BTCWWISDOMTREE BITCOIN FD SHS
17,966$00.00%Put
358
PSNYPOLESTAR AUTOMOTIVE HLDG
82,300$00.00%Put
359
XLBSELECT SECTOR SPDR
13,771$00.00%Put
360
GEVXINVESTMENT MANAGERS SER TR TRADR
17,222$00.00%Call
361
KODKODIAK SCIENCES INC
8,437$00.00%Put
362
DNAGINKGO BIOWORKS HOLDINGS INC CL
34,377$00.00%Put
363
FTECFIDELITY COVINGTON TRUST MSCI INFO
4,900$00.00%Put
364
FRGEFORGE GLOBAL HOLDINGS INC COM
19,451$00.00%Put
365
AAAUGOLDMAN SACHS PHYSICAL GOLD
5,203$00.00%
366
RDTLGRANITESHARES ETF TR 2X LONG
20,735$00.00%Put
367
BOILPROSHARES TR
13,571$00.00%Put
368
CRCAPROSHARES TR ULTRA
58,168$00.00%Put
369
CRCGTHEMES ETF TR LEVERAGE
19,920$00.00%Put
370
IRETIDAL TRUST
96,789$00.00%Put
371
MSOXADVISORSHARES TR
39,137$00.00%Put
372
SGDMSPROTT ETF TRUST
11,400$00.00%Put
373
IYRISHARES TR U.S. REAL
5,499$00.00%
374
VORVOR BIOPHARMA INC
57,600$00.00%Put
375
CIFRCIPHER MINING INC
32,477$00.00%Put
376
VBKVANGUARD INDEX FDS SML CP
2,400$00.00%Call
377
SPXSDIREXION SHS ETF TR DAILY
49,615$00.00%Put
378
CLSXINVESTMENT MANAGERS SER TR I TRADR 2X LONG
18,486$00.00%Put
379
RMNIRIMINI STR INC DEL
52,172$00.00%Call
380
ASTSAST SPACEMOBILE INC COM
14,705$00.00%Call
381
URNJSPROTT FDS
17,000$00.00%Call
382
AMDYTIDAL TRUST II YIELDMAX
22,286$00.00%Put
383
CWVXINVESTMENT MANAGERS SER TR TRADR
25,300$00.00%Put
384
VIGVANGUARD SPECIALIZED FUNDS DIV
2,800$00.00%Put
PreviousPage 4 of 4