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Belvedere Trading LLC: 13F portfolio Q2 2026 and what copying it returned
Belvedere Trading LLC's 13F for the quarter ended 2026-06-30 (filed Jul 31, 2026): 316 common-share positions, $87.6B reported. Copying each 13F the day after it was filed returned +18.7% from May 13, 2025 to Nov 6, 2026, against +26.1% for SPY.
Copying the 13F
Each 13F bought at the close of the first trading day after it was filed and held, drifting, until the next one; value-weighted over the common-share positions with a price (91.3% of the portfolio on average); 6 filings since May 9, 2025. Price returns for the clone and SPY alike (no dividends, no costs). A 13F lists only US long positions at quarter end, reported up to 45 days later.
Largest holdings (2026-06-30)
| Ticker | Company | Weight | Value | Change in the quarter |
|---|---|---|---|---|
| NVDA | NVIDIA | 0.4% | $397M | +111.0% |
| MU | Micron Technology | 0.2% | $150M | new |
| SNDK | Sandisk | 0.1% | $123M | +755.5% |
| INTC | Intel | 0.1% | $50.6M | new |
| TSLA | Tesla | 0.1% | $46.0M | new |
| AMZN | Amazon.com | 0.0% | $32.0M | +568.3% |
| MSTR | Strategy | 0.0% | $30.2M | +11.6% |
| AAPL | Apple | 0.0% | $27.3M | new |
| META | Meta Platforms | 0.0% | $24.4M | -70.8% |
| AVGO | Broadcom | 0.0% | $23.4M | new |
| GLD | SPDR Gold Trust | 0.0% | $20.2M | -30.0% |
| AMD | Advanced Micro Devices | 0.0% | $17.0M | -56.8% |
| SIL | Global X Silver Miners ETF | 0.0% | $13.5M | +45.4% |
| IYW | iShares Ustechnology ETF | 0.0% | $13.2M | +381.8% |
| IBIT | iShares Bitcoin Trust ETF | 0.0% | $11.9M | -72.0% |
| URA | Global X Uranium ETF | 0.0% | $9.7M | +626.9% |
| SMCI | Super Micro Computer | 0.0% | $6.5M | new |
| SCO | ProShares Trust II | 0.0% | $3.5M | new |
Biggest adds
- MU new
- INTC new
- TSLA new
- AAPL new
- AVGO new
- SMCI new
- SCO new
- FXI new
- SPMO new
Biggest cuts
- SPY exit
- IWM exit
- SLV exit
- PLTR exit
Track record
Of 11 position changes scored in 11 separate decisions, 54.5% were on the right side of SPY over the next three months (Disclosures → Smart money).
Open in Disclosures → every quarter, the clone month by month, the smart-money record
Source: SEC Form 13F-HR, filer CIK 1632341. Not investment advice.