Belvedere Trading LLC Q4 2025 Filing

Filed February 10, 2026

Portfolio Value

$93.1B

Holdings

384

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (384 positions)

#StockSharesValue% PortfolioType
101
APLXINVESTMENT MANAGERS SER TR I TRADR 2X
26,700$1.0M0.00%Put
102
IVESWEDBUSH SER TR DAN
37,825$1.0M0.00%Put
103
AAPUDIREXION SHS ETF TR DLY AAPL
46,896$1.0M0.00%Put
104
REMXVANECK ETF TRUST RARE EARTH
21,300$1.0M0.00%Put
105
AVGXTIDAL TRUST II DEF DLY
28,400$1.0M0.00%Put
106
CRWDCROWDSTRIKE HLDGS INC
2,800$1.0M0.00%Call
107
TEMTEMPUS AI INC
34,185$1.0M0.00%Put
108
CRWVCOREWEAVE INC COM
36,257$1.0M0.00%Put
109
ITUBITAU UNIBANCO HLDG S A SPON ADR
139,834$1.0M0.00%Call
110
QTUMETF
14,972$1.0M0.00%Put
111
UNHGTHEMES ETF TR LEVERAGE
97,861$1.0M0.00%Put
112
SPXLDIREXION SHS ETF TR
3,367$00.00%
113
BKKTBAKKT HOLDINGS INC COM CL
86,218$00.00%Put
114
ETHGRAYSCALE ETHEREUM MINI TR E
11,031$00.00%Put
115
SOLTVOLATILITY SHS TR
223,926$00.00%Put
116
NFENEW FORTRESS ENERGY INC COM
73,787$00.00%Call
117
APAMPCO-PITTSBURG CORP
10,287$00.00%
118
PEZINVESCO EXCHANGE TRADED FD T DORSEY
2,300$00.00%Put
119
CHATTIDAL TRUST
16,773$00.00%Put
120
ELVRELEVRA LITHIUM
17,100$00.00%Put
121
CANETEUCRIUM COMMODITY
11,547$00.00%
122
STCESCHWAB STRATEGIC
11,900$00.00%Put
123
TSLLDIREXION SHS ETF TR DAILY TSLA
64,143$00.00%Put
124
ETHDPROSHARES
33,600$00.00%Put
125
KPDDKRANESHARES TRUST 2X LONG
16,626$00.00%Put
126
TSMUGRANITESHARES ETF TR 2X LONG
21,493$00.00%Put
127
CEGCONSTELLATION ENERGY CORP
1,200$00.00%Call
128
GILGILDAN ACTIVEWEAR INC
18,851$00.00%Put
129
SMSTTIDAL TRUST
5,865$00.00%Call
130
AQSTAQUESTIVE THERAPEUTICS INC
17,300$00.00%Call
131
BTCZWORLD FDS TR T
26,592$00.00%Put
132
WOLFWOLFSPEED INC
30,600$00.00%Put
133
XLISELECT SECTOR SPDR
3,894$00.00%
134
EWYISHARES INC MSCI STH
8,671$00.00%
135
CEECENTRAL & EASTERN EUROPE FD
14,395$00.00%
136
GMEUETF OPPORTUNITIES TRUST T REX 2X
16,805$00.00%Put
137
UFOPROCURE ETF TRUST
9,711$00.00%Put
138
AVUVAMERICAN CENTY ETF TR US SML
3,600$00.00%Call
139
LPSNLIVEPERSON INC
20,000$00.00%Call
140
IYMISHARES TR U.S. BAS
5,050$00.00%Put
141
APPAPPLOVIN CORP COM
600$00.00%Call
142
WCPCPI AEROSTRUCTURES INC
10,000$00.00%Call
143
WKHSWORKHORSE GROUP INC
12,017$00.00%Put
144
AVTXAVALO THERAPEUTICS INC
17,426$00.00%Put
145
XXYCROSS CTRY HEALTHCARE INC
28,100$00.00%Put
146
YMAXTIDAL TRUST
42,958$00.00%Put
147
TUGLISTED FDS TR
6,873$00.00%
148
AMDYTIDAL TRUST II YIELDMAX
27,757$00.00%Put
149
MSTWROUNDHILL ETF TRUST
15,360$00.00%Put
150
JMIAJUMIA TECHNOLOGIES
16,690$00.00%
151
GRANITESHARES ETF TR 2X LONG
17,467$00.00%Put
152
IVWISHARES TR S&P 500
2,000$00.00%Call
153
PDDPDD HOLDINGS
2,372$00.00%
154
MSFLGRANITESHARES ETF TR
15,480$00.00%Put
155
CVXCHEVRON CORP NEW
3,900$00.00%Call
156
LITGLOBAL X FDS LITHIUM
10,000$00.00%Call
157
GGLLDIREXION SHS ETF TR DAILY GOOGL
9,197$00.00%Put
158
EWWISHARES INC
3,244$00.00%
159
ETHZETHZILLA CORPORATION COM
65,600$00.00%Call
160
OUNZVANECK MERK GOLD ETF GOLD
9,000$00.00%Call
161
GSATGLOBALSTAR INC
120,600$00.00%Call
162
XXRPLISTED FDS TR TEUCRIUM
50,293$00.00%Put
163
ARKQARK ETF
10,913$00.00%Call
164
NFLXNETFLIX INC
8,764$00.00%Call
165
RGNXREGENXBIO INC
22,500$00.00%Call
166
VONEVANGUARD SCOTTSDALE FDS
1,000$00.00%Call
167
SBETSHARPLINK GAMING INC
104,583$00.00%Put
168
AIYYTIDAL TRUST II YIELDMAX
14,333$00.00%Put
169
SPWHSPORTSMANS WHSE HLDGS INC
38,556$00.00%Call
170
UVXYPROSHARES TR II ULTRA
18,369$00.00%Put
171
BRKDDIREXION SHS ETF TR DAILY
21,669$00.00%Put
172
BITUPROSHARES
25,237$00.00%Put
173
ECHISHARES INC
15,500$00.00%Put
174
XNTKSPDR
1,100$00.00%Put
175
XRPRETF OPPORTUNITIES TRUST T REX 2X
12,615$00.00%Put
176
DBAINVESCO DB MULTI-SECTOR
12,622$00.00%
177
LLYELI LILLY & CO
300$00.00%Call
178
CRWUETF OPPORTUNITIES TRUST T-REX
17,948$00.00%Put
179
AMZZGRANITESHARES ETF TR
17,654$00.00%Put
180
OPENOPENDOOR TECHNOLOGIES INC
134,600$00.00%Put
181
SQNSSEQUANS COMMUNICATIONS S
120,300$00.00%Put
182
KULRKULR TECHNOLOGY GROUP INC
84,400$00.00%Put
183
DBJPDBX ETF TR XTRACK
5,300$00.00%Put
184
CRMLCRITICAL METALS CORP PUBCO ORD
19,042$00.00%Put
185
VIOGVANGUARD ADMIRAL FDS
4,300$00.00%Call
186
BMNUETF OPPORTUNITIES TRUST T-REX 2X
226,426$00.00%Put
187
INBXINHIBRX BIOSCIENCES INC
15,102$00.00%Put
188
NFLUETF OPPORTUNITIES TRUST T REX 2X
48,229$00.00%Put
189
DBRGDIGITALBRIDGE GROUP INC CL
38,297$00.00%Call
190
NNENANO NUCLEAR ENERGY INC
27,064$00.00%Put
191
KOLDPROSHARES TR
8,302$00.00%
192
IWDISHARES TR RUS 1000
1,652$00.00%
193
MAGSLISTED FDS
6,589$00.00%Put
194
KPTIKARYOPHARM THERAPEUTICS INC
12,300$00.00%Call
195
AIQGLOBAL X
11,097$00.00%Put
196
RINGISHARES INC MSCI GBL
5,500$00.00%Put
197
EZAISHARES INC MSCI STH
3,100$00.00%Put
198
NVDSINVESTMENT MANAGERS SER TR I TRADR
22,305$00.00%Put
199
IREXINVESTMENT MANAGERS SER TR I TRADR
28,800$00.00%Put
200
SPUUDIREXION SHS ETF TR
3,600$00.00%Put
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