WOLVERINE TRADING LLC
Q3 2025 Form 13-F
CHICAGO, ILLINOIS
CIK 0000927337
· Institutional investment manager
Consolidated report · includes
1 manager
since Q2 2016
$138.7B Reported Value Total
Reported value
$138.7B
Quarter over quarter
+9.6%
Holdings
1,566
Top-10 concentration
33.6%
Filing Structure
Reports holdings for
- Wolverine Holdings L P · File #028-17506 · since Q2 2016
Key People
Named on the latest Form 13-F filing — not necessarily an owner
David Cavicke
Chief Legal Officer/ Chief Compliance Officer
Filing Navigation
13F Metrics
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Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | November 14, 2025 |
| Form | 13F-HR |
| Reported value | $138.7B |
| Positions | 1,566 |
| Change in reported value | +39.6% |
| New positions | 666 |
| Exited positions | 292 |
| Position turnover | 51.6% |
| Top-10 concentration | 33.6% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2025 13F
Filed Nov 14, 2025
|
1,566 | $138.7B |
|
Q2 2025 13F
Filed Aug 18, 2025
|
1,192 | $99.3B |
|
Q1 2025 13F
Filed May 15, 2025
|
1,280 | $85.4B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
1,481 | $106.4B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
1,286 | $94.8B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
1,212 | $95.0B |
|
Q1 2024 13F
Filed May 15, 2024
|
1,163 | $98.5B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
1,241 | $95.7B |
|
Q3 2023 13F
Filed Nov 15, 2023
|
1,128 | $97.2B |
|
Q2 2023 13F
Filed Aug 23, 2023
|
1,056 | $82.3B |
|
Q1 2023 13F
Filed May 15, 2023
|
1,023 | $64.4B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
971 | $66.0B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
1,193 | $62.2B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
1,136 | $60.3B |
|
Q1 2022 13F
Filed May 16, 2022
|
1,500 | $77.9B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
1,622 | $84.5B |
|
Q3 2021 13F
Filed Nov 12, 2021
|
1,888 | $88.4B |
|
Q2 2021 13F
Filed Aug 6, 2021
|
1,736 | $64.4B |
|
Q1 2021 13F
Filed May 14, 2021
|
1,756 | $66.4B |
|
Q4 2020 13F
Filed Feb 12, 2021
|
1,428 | $64.0B |
18 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SPY P SPDR S&P 500 ETF TR | $7.7B | 5.56% |
| 2 | SPY C SPDR S&P 500 ETF TR | $7.5B | 5.39% |
| 3 | QQQ C INVESCO QQQ TR | $6.7B | 4.86% |
| 4 | QQQ P INVESCO QQQ TR | $5.4B | 3.91% |
| 5 | TSLA C TESLA INC | $4.4B | 3.2% |
| 6 | NVDA C NVIDIA CORPORATION | $4.4B | 3.14% |
| 7 | META C META PLATFORMS INC | $3.2B | 2.32% |
| 8 | NVDA P NVIDIA CORPORATION | $2.6B | 1.88% |
| 9 | TSLA P TESLA INC | $2.5B | 1.77% |
| 10 | MSFT C MICROSOFT CORP | $2.2B | 1.57% |
| 11 | MSTR C STRATEGY INC | $1.9B | 1.34% |
| 12 | AAPL C APPLE INC | $1.8B | 1.33% |
| 13 | GLD C SPDR GOLD TR | $1.8B | 1.32% |
| 14 | META P META PLATFORMS INC | $1.6B | 1.14% |
| 15 | AMZN C AMAZON COM INC | $1.4B | 1.0% |
| 16 | MSFT P MICROSOFT CORP | $1.3B | 0.92% |
| 17 | NFLX P NETFLIX INC | $1.3B | 0.91% |
| 18 | NFLX C NETFLIX INC | $1.2B | 0.83% |
| 19 | AAPL P APPLE INC | $1.1B | 0.82% |
| 20 | PLTR C PALANTIR TECHNOLOGIES INC | $1.1B | 0.81% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.