BELVEDERE TRADING LLC
Q2 2026 Form 13-F
CHICAGO, ILLINOIS
CIK 0001632341
· Institutional investment manager
$87.6B Reported Value Total
Reported value
$87.6B
Quarter over quarter
+15.0%
Holdings
316
Top-10 concentration
81.0%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Lisa Muehlfelt
Controller
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13F Metrics
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Q2 2026 13F record
Q2 2026 13F filing summary
| Period of report | June 30, 2026 |
|---|---|
| Filed | July 31, 2026 |
| Form | 13F-HR |
| Reported value | $87.6B |
| Positions | 316 |
| Change in reported value | +3.8% |
| New positions | 208 |
| Exited positions | 126 |
| Position turnover | 75.6% |
| Top-10 concentration | 81.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Jul 31, 2026
|
316 | $87.6B |
|
Q1 2026 13F
Filed May 12, 2026
|
222 | $84.4B |
|
Q4 2025 13F
Filed Feb 10, 2026
|
249 | $93.1B |
|
Q3 2025 13F
Filed Oct 27, 2025
|
257 | $86.9B |
|
Q2 2025 13F
Filed Aug 1, 2025
|
223 | $85.5B |
|
Q1 2025 13F
Filed May 9, 2025
|
182 | $88.7B |
|
Q4 2024 13F
Filed Jan 31, 2025
|
226 | $82.8B |
|
Q3 2024 13F
Filed Oct 30, 2024
|
188 | $74.5B |
|
Q2 2024 13F
Filed Aug 9, 2024
|
177 | $80.6B |
|
Q1 2024 13F
Filed May 9, 2024
|
185 | $77.3B |
|
Q4 2023 13F
Filed Feb 13, 2024
|
233 | $60.3B |
|
Q3 2023 13F
Filed Oct 27, 2023
|
157 | $65.5B |
|
Q2 2023 13F
Filed Aug 8, 2023
|
230 | $55.5B |
|
Q1 2023 13F
Filed May 15, 2023
|
238 | $41.3B |
|
Q4 2022 13F
Filed Feb 15, 2023
|
358 | $37.0B |
|
Q3 2022 13F
Filed Oct 26, 2022
|
100 | $3.0B |
|
Q2 2022 13F
Filed Jul 21, 2022
|
118 | $3.1B |
|
Q1 2022 13F
Filed Apr 20, 2022
|
172 | $3.7B |
|
Q4 2021 13F
Filed Jan 25, 2022
|
149 | $2.2B |
|
Q3 2021 13F
Filed Oct 19, 2021
|
185 | $3.8B |
21 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SPY P STATE STR SPDR S&P 500 ETF T TR | $23.9B | 27.29% |
| 2 | SPY C STATE STR SPDR S&P 500 ETF T TR | $20.1B | 22.99% |
| 3 | QQQ C INVESCO QQQ TR UNIT | $5.1B | 5.85% |
| 4 | QQQ P INVESCO QQQ TR UNIT | $4.6B | 5.21% |
| 5 | TSLA P TESLA INC | $3.4B | 3.93% |
| 6 | NVDA P NVIDIA CORPORATION | $3.3B | 3.78% |
| 7 | TSLA C TESLA INC | $3.1B | 3.55% |
| 8 | NVDA C NVIDIA CORPORATION | $3.0B | 3.38% |
| 9 | SMH P VANECK | $2.8B | 3.21% |
| 10 | MU C MICRON TECHNOLOGY INC | $1.6B | 1.81% |
| 11 | SMH C VANECK | $1.5B | 1.74% |
| 12 | AMD P ADVANCED MICRO DEVICES INC | $1.4B | 1.63% |
| 13 | AMD C ADVANCED MICRO DEVICES INC | $1.3B | 1.52% |
| 14 | MU P MICRON TECHNOLOGY INC | $1.2B | 1.4% |
| 15 | SNDK P SANDISK CORP | $1.1B | 1.21% |
| 16 | IWM P ISHARES | $834.4M | 0.95% |
| 17 | AAPL P APPLE INC | $622.2M | 0.71% |
| 18 | AAPL C APPLE INC | $621.8M | 0.71% |
| 19 | AVGO P BROADCOM INC | $611.1M | 0.7% |
| 20 | META C META PLATFORMS INC | $552.6M | 0.63% |
Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.