Belvedere Trading LLC is an institutional investment manager that files quarterly 13F reports with the SEC. As of Q4 2025, the fund manages $93.1B in reported equity holdings across 384 positions. The largest holdings are SPY (33.8%), ES (17.0%), TSLA (11.4%), NVDA (10.4%), IWM (8.9%). The portfolio is concentrated in Other (96.8%), Communication Services (2.4%), Technology (0.7%). Data sourced from SEC EDGAR 13F filings (CIK 1632341).