Fund Holdings

Belvedere Trading LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
EVERSOURCE ENERGY(ES)(Put)1,743,6502,222,000+478,35012,133,876,63614,782,857,938+2,648,981,302
STATE STR SPDR S&P 500 ETF T TR(SPY)(Call)22,668,40026,107,700+3,439,30015,458,035,32816,978,881,618+1,520,846,290
STATE STR SPDR S&P 500 ETF T TR(SPY)(Put)23,424,20026,031,800+2,607,60015,973,430,46416,929,520,812+956,090,348
EVERSOURCE ENERGY(ES)(Call)529,650585,950+56,3003,692,506,6863,894,496,062+201,989,376
SPDR GOLD TR GOLD(GLD)(Put)1,009,5001,313,100+303,600400,074,945565,013,799+164,938,854
STATE STR SPDR S&P 500 ETF T TR(SPY)21,554273,804+252,25014,698,104178,065,69323.75%+163,367,589
NVIDIA CORPORATION(NVDA)152,656939,419+786,76328,470,344163,834,67421.85%+135,364,330
ISHARES SILVER TR(SLV)(Call)1,658,6003,503,000+1,844,400106,847,012238,694,420+131,847,408
META PLATFORMS INC(META)0148,050+148,050084,703,84611.30%+84,703,846
ISHARES SILVER TR(SLV)(Put)1,698,5002,554,700+856,200109,417,370174,077,258+64,659,888
INVESCO QQQ TR UNIT(Call)6,247,3006,743,600+496,3003,837,778,8633,892,271,048+54,492,185
VANECK(Put)
SEMICONDUCTR ETF
2,150,9002,137,600-13,300774,603,617819,555,840+44,952,223
SANDISK CORP(SNDK)(Put)16,90040,200+23,3004,011,72225,540,668+21,528,946
ISHARES BITCOIN TRUST ETF SHS(IBIT)685,7321,275,474+589,74234,046,59449,003,7116.54%+14,957,117
STRATEGY INC CL(MSTR)165,694310,773+145,07925,177,20338,784,4705.17%+13,607,267
ISHARES BITCOIN TRUST ETF SHS(IBIT)(Put)2,363,3003,354,800+991,500117,337,845128,891,416+11,553,571
ISHARES55,237100,877+45,64013,597,14025,017,4963.34%+11,420,356
SPDR GOLD TR GOLD(GLD)58,13178,301+20,17023,037,89733,692,1374.49%+10,654,240
MARQETA INC CLASS A(MQ)(Put)6181,064+44615,732,27125,445,560+9,713,289
SANDISK CORP(SNDK)(Call)1,40011,700+10,300332,3327,433,478+7,101,146
MARQETA INC CLASS A(MQ)(Call)502772+27012,779,28918,462,380+5,683,091
GLOBAL X FDS GLOBAL(Call)
GLOBAL X SILVER
15,40065,500+50,1001,286,2085,900,240+4,614,032
ABRDN SILVER ETF TRUST PHYSCL SILVR(Call)3,20066,100+62,900216,4484,733,421+4,516,973
ISHARES SILVER TR(SLV)188,770241,388+52,61812,160,56316,448,1782.19%+4,287,615
ISHARES TR U.S.(Put)022,900+22,90004,154,518+4,154,518
DIREXION SHARES
DAI SEM 3X ETF
0100,230+100,23003,995,1680.53%+3,995,168
DIREXION SHARES
DAI SEM BUL ETF
083,026+83,02603,977,7760.53%+3,977,776
AMPLIFY ETF(Call)0127,400+127,40003,786,328+3,786,328
INVESTMENT MANAGERS SER TR I TRADR 2X(Put)
TRAD 2X SNDK ETF
088,200+88,20003,212,244+3,212,244
SPROTT FDS
SILVER MINERS
346,401378,924+32,52319,329,17622,424,7222.99%+3,095,546
VANECK ETF TRUST RARE EARTH(Put)
RARE EAR STR ETF
20032,300+32,10014,7842,842,400+2,827,616
DIREXION SHARES ETF TRUST DAILY(Call)
DAIL MS KORE ETF
4,10012,400+8,300744,6013,523,088+2,778,487
ISHARES TR US AER(Put)011,200+11,20002,450,000+2,450,000
GLOBAL X FDS GLOBAL
GLOBAL X SILVER
101,618119,539+17,9218,487,13510,768,0731.44%+2,280,938
ISHARES TR US AER(Call)20010,500+10,30042,9382,296,875+2,253,937
INVESCO EXCHANGE TRADED FD(Put)
AEROSPACE DEFN
90014,300+13,400140,9672,369,510+2,228,543
MICRON TECHNOLOGY INC(MU)(Put)06,500+6,50002,195,960+2,195,960
ISHARES TR MSCI EMG(Put)038,500+38,50002,186,415+2,186,415
PROSHARES
ULTRAPRO SHORT
6,63332,441+25,808454,3602,611,1760.35%+2,156,816
ISHARES INC(Put)030,800+30,80002,136,904+2,136,904
GLOBAL X FDS GLOBAL(Put)
GLOBAL X SILVER
94,900111,700+16,8007,926,04810,061,936+2,135,888
COINBASE GLOBAL INC COM(COIN)(Call)29,60049,700+20,1006,693,7448,678,117+1,984,373
ISHARES TR U.S.010,878+10,87801,973,4870.26%+1,973,487
DIREXION SHARES ETF TRUST DAILY
DAI GOL BUL ETF
010,146+10,14601,909,9840.25%+1,909,984
PONY AI(PONY)(Call)0201,600+201,60001,903,104+1,903,104
DIREXION SHARES ETF TRUST DLY NVDA(Call)
DLY NVDA BULL 2X
018,500+18,50001,783,400+1,783,400
DIREXION SHARES ETF TRUST DLY MU
DLY MU BULL 2X
013,951+13,95101,679,4210.22%+1,679,421
PROSHARES
ULTR SHO S&P 500
029,411+29,41101,668,7800.22%+1,668,780
INVESCO EXCHANGE TRADED FD
AEROSPACE DEFN
09,994+9,99401,656,0060.22%+1,656,006
PROSHARES TR K-1 FREE
K-1 FREE CRD OIL
030,279+30,27901,638,0940.22%+1,638,094
GLOBAL X FDS GLOBAL(Put)
GLOBAL X URANIUM
20,50050,700+30,200875,9652,455,401+1,579,436
INTEL CORP(INTC)(Call)035,000+35,00001,544,550+1,544,550
SPROTT FDS(Call)
SILVER MINERS
1,10027,100+26,00061,3801,603,778+1,542,398
PACER FDS
TRENDPILOT 100
020,333+20,33301,483,4960.20%+1,483,496
PROSHARES
ULTRAPRO QQQ
035,560+35,56001,482,1410.20%+1,482,141
PROSHARES TR K-1 FREE(Put)
K-1 FREE CRD OIL
027,100+27,10001,466,110+1,466,110
SPDR(Put)
ST STR SW SERV
2,00012,900+10,900374,2801,835,541+1,461,261
VANGUARD ADMIRAL FDS INC 500 GRTH(Put)6,30010,400+4,1002,800,9174,239,976+1,439,059
IONQ INC(IONQ)(Call)3,10052,900+49,800139,0971,525,107+1,386,010
SPDR(Call)
ST STR SP SEMI
04,100+4,10001,337,092+1,337,092
ISHARES027,937+27,93701,329,1590.18%+1,329,159
BARCLAYS BANK PLC IPATH(DJP)036,632+36,63201,307,7620.17%+1,307,762
ISHARES INC(Put)07,200+7,20001,296,144+1,296,144
ISHARES ETHEREUM TR(ETHA)(Put)080,000+80,00001,266,400+1,266,400
ISHARES(Call)035,000+35,00001,256,500+1,256,500
SPDR(Put)
SP O&G EXPL PRO
06,900+6,90001,254,627+1,254,627
VANECK ETF TRUST RARE EARTH
RARE EAR STR ETF
014,050+14,05001,236,4000.16%+1,236,400
WEBSTER FINL CORP(WBS)(Put)017,500+17,50001,214,850+1,214,850
ISHARES TR US AER3,4008,887+5,487729,9461,944,0310.26%+1,214,085
ISHARES ETHEREUM TR(ETHA)13,86595,822+81,957310,9921,516,8620.20%+1,205,870
ISHARES INC MSCI128,247157,610+29,3634,395,0255,588,8510.75%+1,193,826
FIRST TR EXCHANGE-TRADED ALP COM(Call)
COM SHS
012,300+12,30001,135,905+1,135,905
ISHARES INC016,215+16,21501,124,9970.15%+1,124,997
VANGUARD INDEX(Put)2,8005,700+2,9001,366,0082,489,703+1,123,695
DIREXION SHARES
DAIL JR GOLD ETF
05,537+5,53701,102,6940.15%+1,102,694
UNITED STS COMMODITY INDEX F COMM(CPER)(Call)011,400+11,40001,086,614+1,086,614
VANGUARD WELLINGTON FD(Call)05,500+5,50001,084,050+1,084,050
DIREXION SHARES ETF TRUST DAILY
DA BI BU 3X ETF
06,501+6,50101,079,7510.14%+1,079,751
SPDR
ST STR SP AERO
1,3515,453+4,102325,9151,384,9530.18%+1,059,038
PROSHARES(Put)
ULTRAPRO SHORT
2,40018,500+16,10032,8801,088,361+1,055,481
IONQ INC(IONQ)(Put)11,40053,700+42,300511,5181,548,171+1,036,653
DIREXION SHARES ETF TRUST DLY NVDA(Call)
DLY NVDA BEAR 1X
025,700+25,70001,034,168+1,034,168
UNITED STS BRENT OIL FD LP(BNO)019,624+19,62401,020,5460.14%+1,020,546
VANECK ETF TRUST(Call)
OIL REFINERS ETF
020,600+20,60001,017,640+1,017,640
INVESTMENT MANAGERS SER TR I TRADR 2X(Call)
TRAD 2X LITE ETF
034,600+34,60001,012,396+1,012,396
DIREXION SHARES(Call)
DAIL HEAL BU ETF
010,900+10,9000998,113+998,113
CIRCLE INTERNET GROUP INC COM(CRCL)(Call)115,800106,700-9,1009,182,94010,180,247+997,307
ISHARES INC MSCI STH(Put)08,000+8,0000984,080+984,080
INVESTMENT MANAGERS SER TR I TRADR 2X
TRAD 2X SNDK ETF
026,789+26,7890975,6550.13%+975,655
ISHARES INC MSCI STH(Call)07,800+7,8000959,478+959,478
CIRCLE INTERNET GROUP INC COM(CRCL)(Put)53,40054,000+6004,234,6205,152,140+917,520
VOLATILITY SHS TR(Put)
2X SOLANA ETF
069,800+69,8000911,213+911,213
INVESTMENT MANAGERS SER TR I TRADR 2X(Call)
TRAD 2X SNDK ETF
024,800+24,8000903,216+903,216
ISHARES TR MSCI EMG015,753+15,7530894,6130.12%+894,613
LUMENTUM HLDGS INC(LITE)01,248+1,2480877,0440.12%+877,044
PROSHARES
SHORT QQQ
026,579+26,5790855,5780.11%+855,578
GLOBAL X FDS GLOBAL
GLOBAL X URANIUM
14,82830,465+15,637633,6001,475,4200.20%+841,820
JANUS DETROIT STR TR HENDRSON AAA(Put)
HENDRSON AAA CL
016,600+16,6000836,142+836,142
AST SPACEMOBILE INC COM(ASTS)(Call)1,40011,200+9,800101,682928,144+826,462
ASML HLDG NV N Y REGISTRY
N Y REGISTRY SHS
0617+6170814,9520.11%+814,952
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