Belvedere Trading LLC

CHICAGO, IL · CIK 1632341 · 13F filing filed 2026-07-31

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityBELVEDERE TRADING LLC (US)

Others nearbyChicago, IL

$1.2bn reported value +60.1% vs Q1 2026

326positions

75.4%in top 10

215 new 54 added 56 reduced 116 sold out vs Q1 2026

Options: 372 call positions ($40.3bn notional), 340 put positions ($46.1bn notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	1,982,242	$396.6m33.03%	33.03%	Added +1.0m	+1,042,823 111.0%
2	MICRON TECHNOLOGY INC COM MU	MU	130,028	$150.1m12.50%	12.50%	New
3	SANDISK CORP COM SNDK	SNDK	54,196	$123.2m10.26%	10.26%	Added +47.9k	+47,861 755.5%
4	INTEL CORP COM INTC	INTC	362,460	$50.6m4.22%	4.22%	New
5	TESLA INC COM TSLA	TSLA	109,423	$46.0m3.83%	3.83%	New
6	AMAZON COM INC COM AMZN	AMZN	134,137	$32.0m2.66%	2.66%	Added +114.1k	+114,066 568.3%
7	MICROSTRATEGY INC CL A NEW MSTR	MSTR	346,855	$30.2m2.51%	2.51%	Added +36.1k	+36,082 11.6%
8	APPLE INC COM AAPL	AAPL	94,232	$27.3m2.27%	2.27%	New
9	ROUNDHILL ETF TRUST MEMORY ETF DRAM	DRAM	338,013	$25.0m2.08%	2.08%	New
10	META PLATFORMS INC CL A META	META	43,251	$24.4m2.03%	2.03%	Reduced -104.8k	-104,799 -70.8%
11	BROADCOM INC COM AVGO	AVGO	62,009	$23.4m1.95%	1.95%	New
12	SPDR GOLD TR GOLD SHS GLD	GLD	54,830	$20.2m1.68%	1.68%	Reduced -23.5k	-23,471 -30.0%
13	ADVANCED MICRO DEVICES INC COM AMD	AMD	29,315	$17.0m1.42%	1.42%	Reduced -38.5k	-38,543 -56.8%
14	INVESTMENT MANAGERS SER TR I TRAD 2X SNDK ETF SNXX	SNXX	360,328	$15.2m1.26%	1.26%	Added +333.5k	+333,539 1245.1%
15	GLOBAL X FDS GLOBAL X SILVER SIL	SIL	173,824	$13.5m1.12%	1.12%	Added +54.3k	+54,285 45.4%
16	ISHARES TR U.S. TECH ETF IYW	IYW	52,411	$13.2m1.10%	1.10%	Added +41.5k	+41,533 381.8%
17	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	357,726	$11.9m0.99%	0.99%	Reduced -917.7k	-917,748 -72.0%
18	DIREXION SHARES ETF TRUST DLY MU BULL 2X MUU	MUU	10,528	$11.0m0.92%	0.92%	Reduced -3.4k	-3,423 -24.5%
19	GLOBAL X FDS GLOBAL X URANIUM URA	URA	221,436	$9.7m0.81%	0.81%	Added +191.0k	+190,971 626.9%
20	DIREXION SHARES ETF TRUST DAI SEM 3X ETF SOXS	SOXS	2,219,988	$7.2m0.60%	0.60%	Added +2.1m	+2,119,758 2114.9%
21	DIREXION SHS ETF TR DLY SCOND 3XBU SOXL	SOXL	26,828	$7.2m0.60%	0.60%	Reduced -56.2k	-56,198 -67.7%
22	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	222,038	$6.5m0.54%	0.54%	New
23	KRANESHARES TRUST PUBLIC-PRIVATE A AGIX	AGIX	93,789	$4.4m0.37%	0.37%	New
24	TEMA ETF TRUST SPACE INNOV ETF NASA	NASA	123,836	$3.8m0.31%	0.31%	New
25	PROSHARES TR II ULSHT BLOOMB OIL SCO	SCO	100,577	$3.5m0.29%	0.29%	New
26	ISHARES TR CHINA LG-CAP ETF FXI	FXI	106,540	$3.4m0.28%	0.28%	New
27	INVESCO EXCH TRADED FD TR II S&P 500 MOMNTM SPMO	SPMO	19,547	$3.2m0.26%	0.26%	New
28	VANECK ETF TRUST OIL REFINERS ETF CRAK	CRAK	68,199	$3.1m0.26%	0.26%	New
29	ISHARES TR CORE S&P500 ETF IVV	IVV	3,996	$3.0m0.25%	0.25%	Added +3.3k	+3,336 505.4%
30	PROSHARES TR II ULTA BLMBG 2017 UCO	UCO	87,430	$2.9m0.24%	0.24%	New
31	ISHARES TR 20 YR TR BD ETF TLT	TLT	32,667	$2.8m0.24%	0.24%	New
32	GLOBAL X FDS GLOBAL X COPPER COPX	COPX	35,295	$2.7m0.23%	0.23%	Added +12.6k	+12,595 55.5%
33	INVESCO DB MULTI-SECTOR COMM BASE METALS FD DBB	DBB	92,031	$2.2m0.18%	0.18%	Added +83.1k	+83,119 932.7%
34	UNITED STS BRENT OIL FD LP UNIT BNO	BNO	50,148	$2.0m0.17%	0.17%	Added +30.5k	+30,524 155.5%
35	UNITED STS OIL FD LP UNITS USO	USO	18,829	$2.0m0.17%	0.17%	Added +18.1k	+18,095 2465.3%
36	BARCLAYS BANK PLC IPATH S&P 500 SH VXX	VXX	89,418	$2.0m0.16%	0.16%	Added +52.8k	+52,786 144.1%
37	EXCHANGE TRADED CONCEPTS TRU RANGE NUCLEAR RE NUKZ	NUKZ	28,569	$1.9m0.16%	0.16%	New
38	TIDAL TRUST II ROUNDHILL GENER CHAT	CHAT	19,659	$1.9m0.16%	0.16%	New
39	CORGI ETF TR I LITHOGRAPHY SEMI EUV	EUV	55,693	$1.8m0.15%	0.15%	New
40	INVESTMENT MANAGERS SER TR I TRADR 2X LONG LABX	LABX	7,766	$1.7m0.14%	0.14%	New
41	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	830	$1.7m0.14%	0.14%	Added +213	+213 34.5%
42	AGILON HEALTH INC COM NEW AGL	AGL	15,023	$1.6m0.13%	0.13%	New
43	SPDR SERIES TRUST AEROSPACE DEF XAR	XAR	5,156	$1.5m0.12%	0.12%	Reduced -297	-297 -5.5%
44	VANGUARD WHITEHALL FDS EM MK GOV BD ETF VWOB	VWOB	21,398	$1.4m0.12%	0.12%	New
45	PROSHARES TR SHORT BITCOIN ET BITI	BITI	49,368	$1.4m0.12%	0.12%	Added +35.3k	+35,312 251.2%
46	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	18,835	$1.4m0.12%	0.12%	New
47	ISHARES TR EXPANDED TECH IGV	IGV	15,014	$1.4m0.11%	0.11%	New
48	DIREXION SHS ETF TR DLY AAPL BULL 2X AAPU	AAPU	37,115	$1.3m0.11%	0.11%	Reduced -26.0k	-26,047 -41.2%
49	ISHARES TR EXPND TEC SC ETF IGM	IGM	7,818	$1.3m0.11%	0.11%	New
50	ISHARES TR MSCI USA MMENTM MTUM	MTUM	3,643	$1.2m0.10%	0.10%	Reduced -393	-393 -9.7%
51	VANECK ETF TRUST RARE EARTH AND S REMX	REMX	14,034	$1.2m0.10%	0.10%	Reduced -16	-16 -0.1%
52	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	2,339	$1.2m0.10%	0.10%	New
53	FEDEX CORP COM FDX	FDX	3,840	$1.2m0.10%	0.10%	New
54	ETF OPPORTUNITIES TRUST ROUNDHILL T-RX RAM	RAM	45,802	$1.2m0.10%	0.10%	New
55	DIREXION SHS ETF TR DAILY AMD BULL AMUU	AMUU	3,982	$1.2m0.10%	0.10%	Reduced -999	-999 -20.1%
56	ISHARES INC MSCI GLB SLV&MTL SLVP	SLVP	36,929	$1.1m0.09%	0.09%	Reduced -120.7k	-120,681 -76.6%
57	ISHARES TR MSCI USA VALUE VLUE	VLUE	5,612	$1.1m0.09%	0.09%	Added +5.3k	+5,258 1485.3%
58	KLA CORP COM NEW KLAC	KLAC	3,687	$1.1m0.09%	0.09%	New
59	VANGUARD WORLD FD INF TECH ETF VGT	VGT	9,208	$1.1m0.09%	0.09%	Added +2.7k	+2,680 41.0%
60	UNITED STS GASOLINE FD LP UNITS UGA	UGA	10,371	$1.1m0.09%	0.09%	Added +8.7k	+8,727 530.8%
61	PROSHARES TR K1 FRE CRD OIL OILK	OILK	22,195	$1.1m0.09%	0.09%	Reduced -8.1k	-8,084 -26.7%
62	NEOS ETF TRUST GOLD HIG INC ETF IAUI	IAUI	21,021	$1.0m0.08%	0.08%	Added +20.1k	+20,059 2085.1%
63	NWPX INFRASTRUCTURE INC COM NWPX	NWPX	6,666	$999.5k0.08%	0.08%	New
64	VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF VPL	VPL	8,579	$992.5k0.08%	0.08%	New
65	WESTERN DIGITAL CORP COM WDC	WDC	1,498	$956.8k0.08%	0.08%	Added +857	+857 133.7%
66	PROSHARES TR ULTRASHORT ETHER ETHD	ETHD	10,136	$941.7k0.08%	0.08%	New
67	LISTED FDS TR ROUNDHILL MAGNIF MAGS	MAGS	14,451	$929.2k0.08%	0.08%	New
68	GRANITESHARES ETF TR 2X LONG DELL DAI DLLL	DLLL	36,437	$909.5k0.08%	0.08%	Added +33.5k	+33,547 1160.8%
69	DIREXION SHS ETF TR 20YR TRES BEAR TMV	TMV	24,410	$904.6k0.08%	0.08%	New
70	ISHARES TR US AER DEF ETF ITA	ITA	3,609	$874.9k0.07%	0.07%	Reduced -5.3k	-5,278 -59.4%
71	ISHARES INC MSCI EMRG CHN EMXC	EMXC	8,310	$850.1k0.07%	0.07%	New
72	INVESTMENT MANAGERS SER TR I TRADR 2X LONG AAOX	AAOX	26,528	$838.5k0.07%	0.07%	New
73	VANGUARD SCOTTSDALE FDS VNG RUS2000GRW VTWG	VTWG	2,890	$831.4k0.07%	0.07%	New
74	HONEYWELL INTL INC COM HON	HON	3,583	$802.2k0.07%	0.07%	New
75	ISHARES INC MSCI BRAZIL ETF EWZ	EWZ	23,094	$796.7k0.07%	0.07%	New
76	DIREXION SHARES ETF TRUST DLY TSM BULL 2X TSMX	TSMX	7,585	$794.7k0.07%	0.07%	New
77	DIREXION SHS ETF TR DAILY FTSE CHINA YANG	YANG	18,834	$767.5k0.06%	0.06%	New
78	ISHARES TR COPPER & METALS ICOP	ICOP	15,587	$767.3k0.06%	0.06%	Reduced -12.3k	-12,350 -44.2%
79	THEMES ETF TR LEVERAGE SHS 2X SPCH	SPCH	49,978	$765.7k0.06%	0.06%	New
80	INVESCO EXCH TRADED FD TR II S&P 500 HB ETF SPHB	SPHB	4,763	$741.1k0.06%	0.06%	Added +4.2k	+4,236 803.8%
81	ROUNDHILL ETF TRUST GOOGL WEEKLYPAY GOOW	GOOW	10,860	$736.2k0.06%	0.06%	New
82	ISHARES TR IBOXX HI YD ETF HYG	HYG	9,167	$733.1k0.06%	0.06%	Reduced -2.8k	-2,810 -23.5%
83	ISHARES INC CORE MSCI EMKT IEMG	IEMG	8,837	$732.1k0.06%	0.06%	New
84	DIREXION SHS ETF TR DAILY AVGO BULL AVL	AVL	16,392	$724.7k0.06%	0.06%	Added +9.4k	+9,372 133.5%
85	ISHARES TR FUTURE AI & TECH ARTY	ARTY	9,054	$689.6k0.06%	0.06%	New
86	HONEYWELL AEROSPACE INC COM HONA	HONA	3,114	$688.4k0.06%	0.06%	New
87	DIREXION SHARES ETF TRUST DAI GOL BEA ETF DUST	DUST	10,829	$688.3k0.06%	0.06%	New
88	ETF OPPORTUNITIES TRUST T REX 2X LONG NVDX	NVDX	40,118	$681.2k0.06%	0.06%	Added +38.9k	+38,921 3251.6%
89	COEUR MNG INC COM NEW CDE	CDE	40,946	$668.2k0.06%	0.06%	Added +12.9k	+12,915 46.1%
90	ABRDN PALLADIUM ETF TRUST PHYSICAL PALLADM PALL	PALL	28,567	$630.8k0.05%	0.05%	Added +19.0k	+18,992 198.3%
91	VANECK ETF TRUST JUNIOR GOLD MINE GDXJ	GDXJ	6,369	$625.8k0.05%	0.05%	New
92	MICROSOFT CORP COM MSFT	MSFT	1,653	$616.6k0.05%	0.05%	New
93	DIREXION SHS ETF TR DAILY SM CP BEAR TZA	TZA	150,167	$569.1k0.05%	0.05%	New
94	DIREXION SHS ETF TR DLY SMCAP BULL3X TNA	TNA	7,557	$567.6k0.05%	0.05%	Reduced -6.0k	-6,038 -44.4%
95	ETF OPPORTUNITIES TRUST TUTTLE CAPITAL FOTO	FOTO	23,550	$553.0k0.05%	0.05%	New
96	INVESTMENT MANAGERS SER TR I TRADR 2X LONG LRCU	LRCU	4,914	$549.1k0.05%	0.05%	Added +3.2k	+3,240 193.6%
97	STRIVE INC CL A COM ASST	ASST	48,607	$530.3k0.04%	0.04%	Added +5.1k	+5,070 11.7%
98	WEBSTER FINL CORP COM WBS	WBS	6,738	$514.9k0.04%	0.04%	Reduced -4.7k	-4,708 -41.1%
99	FIRST TR EXCHANGE-TRADED FD NASDQ CLN EDGE GRID	GRID	2,662	$510.4k0.04%	0.04%	Reduced -640	-640 -19.4%
100	GRAHAM CORP COM GHM	GHM	4,115	$509.4k0.04%	0.04%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SPDR S&P 500 ETF TR SPY	SPY	273,804	$178.1m273.8k shares
ISHARES TR IWM	IWM	100,877	$25.0m100.9k shares
SPROTT FDS TR SLVR	SLVR	378,924	$22.4m378.9k shares
ISHARES SILVER TR SLV	SLV	241,388	$16.4m241.4k shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	54,016	$7.9m54.0k shares
PROSHARES TR SQQQ	SQQQ	32,441	$2.6m32.4k shares
DIREXION SHS ETF TR NUGT	NUGT	10,146	$1.9m10.1k shares
ISHARES ETHEREUM TR ETHA	ETHA	95,822	$1.5m95.8k shares
PACER FDS TR PTNQ	PTNQ	20,333	$1.5m20.3k shares
PROSHARES TR TQQQ	TQQQ	35,560	$1.5m35.6k shares
ABRDN SILVER ETF TRUST SIVR	SIVR	17,549	$1.3m17.5k shares
ISHARES INC THD	THD	16,215	$1.1m16.2k shares
DIREXION SHS ETF TR JNUG	JNUG	5,537	$1.1m5.5k shares
VANECK ETF TRUST NLR	NLR	8,183	$1.1m8.2k shares
DIREXION SHS ETF TR LABU	LABU	6,501	$1.1m6.5k shares
COREWEAVE INC CRWV	CRWV	13,907	$1.1m13.9k shares
ISHARES TR SHV	SHV	8,773	$968.5k8.8k shares
ISHARES TR EEM	EEM	15,753	$894.6k15.8k shares
LUMENTUM HLDGS INC LITE	LITE	1,248	$877.0k1.2k shares
KRANESHARES TRUST KWEB	KWEB	29,983	$852.4k30.0k shares
GLOBAL X FDS BKCH	BKCH	12,848	$717.4k12.8k shares
BROOKFIELD WEALTH SOL LTD BNT	BNT	11,796	$681.2k11.8k shares
GRANITESHARES ETF TR INTW	INTW	12,869	$666.9k12.9k shares
TIDAL TRUST II IONX	IONX	24,745	$514.4k24.7k shares
VANGUARD INDEX FDS VTI	VTI	1,511	$484.7k1.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	32,015,100	$23.9bn32.0m shares	Added
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	26,972,000	$20.1bn27.0m shares	Added
INVESCO QQQ TR QQQ · Call	QQQ	Call	6,955,000	$5.1bn7.0m shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	6,200,600	$4.6bn6.2m shares	Added
TESLA INC TSLA · Put	TSLA	Put	8,185,500	$3.4bn8.2m shares	Reduced
NVIDIA CORPORATION NVDA · Put	NVDA	Put	16,533,900	$3.3bn16.5m shares	Reduced
TESLA INC TSLA · Call	TSLA	Call	7,398,400	$3.1bn7.4m shares	Reduced
NVIDIA CORPORATION NVDA · Call	NVDA	Call	14,783,100	$3.0bn14.8m shares	Reduced
VANECK ETF TRUST SMH · Put	SMH	Put	4,282,600	$2.8bn4.3m shares	Added
MICRON TECHNOLOGY INC MU · Call	MU	Call	1,370,200	$1.6bn1.4m shares	Added
VANECK ETF TRUST SMH · Call	SMH	Call	2,320,700	$1.5bn2.3m shares	Added
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	2,454,900	$1.4bn2.5m shares	Added
ADVANCED MICRO DEVICES INC AMD · Call	AMD	Call	2,290,500	$1.3bn2.3m shares	Added
MICRON TECHNOLOGY INC MU · Put	MU	Put	1,059,300	$1.2bn1.1m shares	Added
SANDISK CORP SNDK · Put	SNDK	Put	466,300	$1.1bn466.3k shares	Added
ISHARES TR IWM · Put	IWM	Put	2,777,100	$834.4m2.8m shares	Reduced
APPLE INC AAPL · Put	AAPL	Put	2,150,100	$622.2m2.2m shares	Added
APPLE INC AAPL · Call	AAPL	Call	2,148,800	$621.8m2.1m shares	Added
BROADCOM INC AVGO · Put	AVGO	Put	1,617,800	$611.1m1.6m shares	Added
META PLATFORMS INC META · Call	META	Call	981,100	$552.6m981.1k shares	Reduced
ISHARES TR IWM · Call	IWM	Call	1,679,600	$504.6m1.7m shares	Reduced
SANDISK CORP SNDK · Call	SNDK	Call	221,300	$503.2m221.3k shares	Added
AMAZON COM INC AMZN · Call	AMZN	Call	2,064,000	$491.9m2.1m shares	Added
BROADCOM INC AVGO · Call	AVGO	Call	1,206,000	$455.6m1.2m shares	Added
AMAZON COM INC AMZN · Put	AMZN	Put	1,815,600	$432.7m1.8m shares	Added