Belvedere Trading 13F annual report
Belvedere Trading is an investment fund managing more than $1.81 trillion ran by Lisa Muehlfelt. There are currently 133 companies in Mrs. Muehlfelt’s portfolio. The largest investments include NVIDIA Corp and Spdr S&p 500 Etf Tr, together worth $1.27 trillion.
$1.81 trillion Assets Under Management (AUM)
As of 2nd August 2024, Belvedere Trading’s top holding is 7,566,515 shares of NVIDIA Corp currently worth over $935 billion and making up 51.5% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Belvedere Trading owns more than approximately 0.1% of the company.
In addition, the fund holds 611,112 shares of Spdr S&p 500 Etf Tr worth $333 billion.
The third-largest holding is Amazon.com worth $136 billion and the next is Tesla Inc worth $135 billion, with 680,583 shares owned.
Currently, Belvedere Trading's portfolio is worth at least $1.81 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Belvedere Trading
The Belvedere Trading office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Lisa Muehlfelt serves as the Controller at Belvedere Trading.
Recent trades
In the most recent 13F filing, Belvedere Trading revealed that it had opened a new position in
Meta Platforms Inc and bought 201,182 shares worth $101 billion.
This means they effectively own approximately 0.1% of the company.
Meta Platforms Inc makes up
9.3%
of the fund's Technology sector allocation and has grown its share price by 67.0% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
6,949,502 additional shares.
This makes their stake in NVIDIA Corp total 7,566,515 shares worth $935 billion.
NVIDIA Corp dropped 75.3% in the past year.
On the other hand, there are companies that Belvedere Trading is getting rid of from its portfolio.
Belvedere Trading closed its position in Ishares Tr on 9th August 2024.
It sold the previously owned 94,183 shares for $18.7 billion.
Lisa Muehlfelt also disclosed a decreased stake in Spdr S&p 500 Etf Tr by 0.1%.
This leaves the value of the investment at $333 billion and 611,112 shares.
One of the largest hedge funds
The two most similar investment funds to Belvedere Trading are Robertson Stephens Wealth Management and Woodley Farra Manion Portfolio Management Inc. They manage $1.82 trillion and $1.82 trillion respectively.
Lisa Muehlfelt investment strategy
Belvedere Trading’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 59.9% of
the total portfolio value.
The fund focuses on investments in the United States as
30.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
12% of the total holdings value.
On the other hand, small-cap stocks make up only 6.8% of the portfolio.
The average market cap of the portfolio companies is close to $103 billion.
The complete list of Belvedere Trading trades based on 13F SEC filings
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NVIDIA Corp |
1,126.31%
7,566,515
|
$934,767,263,000 | 51.53% |
| Spdr S&p 500 Etf Tr |
10.42%
611,112
|
$332,579,373,000 | 18.33% |
| Amazon.com Inc. |
12.83%
702,596
|
$135,776,677,000 | 7.48% |
| Tesla Inc |
4.16%
680,583
|
$134,673,764,000 | 7.42% |
| Meta Platforms Inc |
Opened
201,182
|
$101,439,988,000 | 5.59% |
| Advanced Micro Devices Inc. |
25,993.47%
175,870
|
$28,527,873,000 | 1.57% |
| Ishares Tr |
Closed
94,183
|
$18,708,610,000 | |
| Graniteshares Etf Tr |
Opened
358,398
|
$16,631,380,000 | 0.92% |
| Apple Inc |
78.37%
69,738
|
$14,688,218,000 | 0.81% |
| Super Micro Computer Inc |
1,849.53%
14,641
|
$11,996,103,000 | 0.66% |
| Microstrategy Inc. |
Opened
6,486
|
$8,934,335,000 | 0.49% |
| Vanguard Index Fds |
797.22%
16,796
|
$8,324,866,000 | 0.46% |
| Ishares Silver Tr |
68.68%
239,539
|
$6,364,551,000 | 0.35% |
| Volatility Shs Tr |
Closed
110,692
|
$5,894,349,000 | |
| Ishares Tr |
Opened
97,163
|
$9,842,991,000 | 0.54% |
| Spdr Gold Tr |
Opened
21,774
|
$4,681,628,000 | 0.26% |
| Exxon Mobil Corp. |
Opened
34,972
|
$4,025,977,000 | 0.22% |
| GE Aerospace |
Opened
22,379
|
$3,557,590,000 | 0.20% |
| Vanguard World Fd |
35.32%
16,345
|
$6,677,084,000 | 0.37% |
| Ishares Tr |
7.91%
95,668
|
$8,057,188,000 | 0.44% |
| Coinbase Global Inc |
Closed
10,246
|
$2,716,420,000 | |
| SP Plus Corp |
Closed
48,222
|
$2,518,153,000 | |
| Cerevel Therapeutics Hldng I |
953.99%
52,710
|
$2,155,312,000 | 0.12% |
| Direxion Shs Etf Tr |
311.38%
200,090
|
$2,007,044,000 | 0.11% |
| Select Sector Spdr Tr |
Opened
26,286
|
$2,183,840,000 | 0.12% |
| Proshares Tr |
58.58%
20,920
|
$1,475,278,000 | 0.08% |
| Fidelity Covington Trust |
Opened
50,728
|
$1,273,570,000 | 0.07% |
| Spdr Ser Tr |
Closed
44,501
|
$3,197,108,000 | |
| Ge Vernova Inc |
Opened
6,957
|
$1,193,195,000 | 0.07% |
| Invesco Exch Traded Fd Tr Ii |
Opened
13,540
|
$1,830,595,000 | 0.10% |
| Gamestop Corp New |
201.79%
45,440
|
$1,121,914,000 | 0.06% |
| Graniteshares Etf Tr |
704.43%
24,519
|
$1,114,879,000 | 0.06% |
| Amplify Etf Tr |
680.62%
15,066
|
$975,222,000 | 0.05% |
| Tidal Tr Ii |
6.07%
119,067
|
$2,778,337,000 | 0.15% |
| Hamilton Insurance Group Ltd |
Opened
200,000
|
$874,800,000 | 0.05% |
| MBIA Inc. |
20.27%
151,159
|
$829,863,000 | 0.05% |
| Direxion Shs Etf Tr |
Opened
39,050
|
$1,816,884,000 | 0.10% |
| Biohaven Ltd |
Closed
14,338
|
$784,145,000 | |
| Danaher Corp. |
Opened
3,051
|
$762,292,000 | 0.04% |
| Global X Fds |
Opened
23,794
|
$1,299,541,000 | 0.07% |
| Fusion Pharmaceuticals Inc. |
Closed
33,000
|
$703,560,000 | |
| Nuvei Corporation |
Closed
15,309
|
$655,531,000 | |
| Bank Montreal Medium |
24.42%
13,176
|
$647,337,000 | 0.04% |
| Summit Midstream Partners LP |
16.54%
17,577
|
$625,038,000 | 0.03% |
| Endeavor Group Hldgs Inc |
Opened
22,661
|
$612,527,000 | 0.03% |
| Etf Opportunities Trust |
Opened
15,089
|
$561,582,000 | 0.03% |
| First Tr Morningstar Divid L |
Opened
14,704
|
$557,723,000 | 0.03% |
| Arm Holdings Plc |
5.44%
3,372
|
$551,727,000 | 0.03% |
| Hippo Hldgs Inc |
Closed
28,902
|
$528,040,000 | |
| PowerFleet Inc |
38.86%
111,413
|
$509,157,000 | 0.03% |
| Etf Opportunities Trust |
118.21%
81,119
|
$651,994,000 | 0.04% |
| Lufax Holding Ltd |
Opened
204,737
|
$485,227,000 | 0.03% |
| Invesco Exchange Traded Fd T |
Opened
11,702
|
$664,924,000 | 0.04% |
| Microsoft Corporation |
Closed
1,104
|
$464,475,000 | |
| 3M Co. |
Opened
4,362
|
$445,753,000 | 0.02% |
| Atlas Lithium Corp |
Closed
23,844
|
$405,825,000 | |
| Viridian Therapeutics Inc |
Opened
28,720
|
$373,647,000 | 0.02% |
| Rush Enterprises Inc |
Closed
6,942
|
$371,536,000 | |
| Spdr Ser Tr |
Opened
2,414
|
$364,787,000 | 0.02% |
| First Tr Exchange Traded Fd |
Opened
2,501
|
$340,786,000 | 0.02% |
| Investment Managers Ser Tr I |
Closed
23,659
|
$583,833,000 | |
| Investment Managers Ser Tr I |
Opened
8,725
|
$346,592,000 | 0.02% |
| United Sts Commodity Index F |
Opened
5,292
|
$329,321,000 | 0.02% |
| Vanguard Index Fds |
Closed
2,350
|
$554,813,000 | |
| Stoke Therapeutics, Inc. |
Closed
23,665
|
$319,478,000 | |
| Valkyrie Etf Trust Ii |
65.63%
14,774
|
$312,766,000 | 0.02% |
| Insmed Inc |
73.68%
4,624
|
$309,808,000 | 0.02% |
| Ishares Inc |
Opened
13,377
|
$393,876,000 | 0.02% |
| Pacer Fds Tr |
Inf%
7,060
|
$307,534,000 | 0.02% |
| VanEck ETF Trust |
Closed
901
|
$303,033,000 | |
| Alpine Immune Sciences Inc |
Closed
7,570
|
$300,075,000 | |
| Olink Hldg Ab |
4.68%
11,742
|
$299,186,000 | 0.02% |
| Proshares Tr |
Opened
5,200
|
$301,345,000 | 0.02% |
| Vanguard Specialized Funds |
37.60%
1,560
|
$284,778,000 | 0.02% |
| Invesco Db Multi-sector Comm |
Closed
15,807
|
$283,894,000 | |
| Symbotic Inc |
Closed
6,274
|
$282,330,000 | |
| Barrick Gold Corp. |
Opened
16,690
|
$278,389,000 | 0.02% |
| Constellation Energy Corp |
Closed
1,500
|
$277,275,000 | |
| Miniso Group Hldg Ltd |
Opened
14,193
|
$270,661,000 | 0.01% |
| Novartis AG |
63.44%
2,498
|
$265,937,000 | 0.01% |
| EchoStar Corp |
52.25%
14,903
|
$265,422,000 | 0.01% |
| Macrogenics Inc |
Closed
17,501
|
$257,615,000 | |
| Scully Royalty Ltd |
Closed
41,327
|
$254,161,000 | |
| Direxion Shs Etf Tr |
Closed
79,786
|
$806,332,000 | |
| Janux Therapeutics Inc |
3.90%
5,857
|
$245,350,000 | 0.01% |
| Root, Inc. |
12.96%
4,750
|
$245,148,000 | 0.01% |
| BridgeBio Pharma Inc |
35.54%
9,654
|
$244,536,000 | 0.01% |
| American Pub Ed Inc |
Closed
17,159
|
$243,658,000 | |
| Cytokinetics Inc |
Closed
3,469
|
$243,212,000 | |
| Harrow Inc |
Opened
11,634
|
$243,034,000 | 0.01% |
| Proshares Tr Ii |
Opened
12,928
|
$342,984,000 | 0.02% |
| Advisorshares Tr |
Closed
37,518
|
$235,613,000 | |
| Energy Transfer L P |
Closed
14,966
|
$235,415,000 | |
| Ark Etf Tr |
Opened
13,368
|
$312,505,000 | 0.02% |
| 4d Molecular Therapeutics In |
Closed
7,308
|
$232,833,000 | |
| Ballys Corporation |
Closed
16,346
|
$227,863,000 | |
| Astria Therapeutics Inc |
Closed
16,036
|
$225,707,000 | |
| Schwab Strategic Tr |
35.85%
2,194
|
$221,243,000 | 0.01% |
| Bragg Gaming Group Inc |
Closed
26,048
|
$215,938,000 | |
| Ishares Inc |
Closed
2,984
|
$213,938,000 | |
| Zimvie Inc |
Opened
11,353
|
$207,192,000 | 0.01% |
| Powerschool Holdings Inc |
Opened
9,190
|
$205,764,000 | 0.01% |
| iTeos Therapeutics, Inc. |
Opened
13,758
|
$204,169,000 | 0.01% |
| Cleanspark Inc |
Closed
9,600
|
$203,616,000 | |
| Netflix Inc. |
Opened
300
|
$202,464,000 | 0.01% |
| e.l.f. Beauty Inc |
Opened
951
|
$200,395,000 | 0.01% |
| Orchid Is Cap Inc |
0.00%
24,000
|
$200,160,000 | 0.01% |
| VanEck ETF Trust |
235.08%
7,489
|
$199,058,000 | 0.01% |
| ARMOUR Residential REIT, Inc. |
9.55%
10,266
|
$198,955,000 | 0.01% |
| Vera Therapeutics Inc |
110.99%
5,279
|
$190,994,000 | 0.01% |
| James Riv Group Ltd |
Closed
20,026
|
$186,242,000 | |
| Valley Natl Bancorp |
11.71%
26,234
|
$183,113,000 | 0.01% |
| Tarsus Pharmaceuticals, Inc. |
Closed
4,709
|
$171,172,000 | |
| J P Morgan Exchange Traded F |
73.33%
3,025
|
$167,888,000 | 0.01% |
| Soundhound Ai Inc |
66.03%
41,377
|
$163,439,000 | 0.01% |
| Cardlytics Inc |
Closed
11,048
|
$160,086,000 | |
| Futurefuel Corp |
Opened
31,192
|
$160,015,000 | 0.01% |
| Vaxcyte, Inc. |
18.84%
2,098
|
$158,420,000 | 0.01% |
| Turtle Beach Corp |
Closed
9,113
|
$157,108,000 | |
| Volatility Shs Tr |
Opened
12,891
|
$151,083,000 | 0.01% |
| Central & Eastern Europe Fd |
No change
14,000
|
$149,240,000 | 0.01% |
| AltC Acquisition Corp. |
Closed
12,904
|
$147,364,000 | |
| Odyssey Marine Expl Inc |
Opened
29,130
|
$142,154,000 | 0.01% |
| Costco Whsl Corp New |
Closed
180
|
$131,873,000 | |
| Moonlake Immunotherapeutics |
29.94%
2,860
|
$125,754,000 | 0.01% |
| Lithium Americas Argentina C |
Closed
23,280
|
$125,479,000 | |
| United States Stl Corp New |
Opened
3,315
|
$125,307,000 | 0.01% |
| Oceanfirst Finl Corp |
Opened
7,586
|
$120,542,000 | 0.01% |
| Palantir Technologies Inc. |
217.46%
4,746
|
$120,216,000 | 0.01% |
| FibroGen Inc |
Closed
51,020
|
$119,897,000 | |
| Harmony Biosciences Hldgs In |
Opened
3,955
|
$119,322,000 | 0.01% |
| Annexon Inc |
Closed
16,446
|
$117,918,000 | |
| Permian Resources Corp |
25.13%
7,275
|
$117,491,000 | 0.01% |
| Seanergy Maritime Hldgs Corp |
Closed
13,419
|
$116,745,000 | |
| Nextnav Inc |
Closed
17,473
|
$114,972,000 | |
| Evgo Inc |
9.23%
42,922
|
$105,159,000 | 0.01% |
| Lithium Amers Corp New |
Closed
15,429
|
$103,683,000 | |
| Morphosys AG |
Closed
5,602
|
$101,620,000 | |
| Gaotu Techedu Inc |
Closed
15,144
|
$99,193,000 | |
| Crinetics Pharmaceuticals In |
Closed
2,114
|
$98,956,000 | |
| Graniteshares Etf Tr |
Closed
3,909
|
$97,764,000 | |
| Tidal Tr Ii |
Opened
5,555
|
$97,324,000 | 0.01% |
| Cassava Sciences Inc |
898.09%
7,855
|
$97,009,000 | 0.01% |
| JPMorgan Chase & Co. |
Opened
459
|
$92,837,000 | 0.01% |
| Avid Bioservices Inc |
37.13%
11,819
|
$84,388,000 | 0.00% |
| Establishment Labs Holdings Inc |
Closed
1,626
|
$82,763,000 | |
| Flux Pwr Hldgs Inc |
Closed
18,492
|
$81,920,000 | |
| Listed Fd Tr |
63.76%
1,761
|
$79,439,000 | 0.00% |
| Invesco Db Us Dlr Index Tr |
Opened
4,438
|
$79,418,000 | 0.00% |
| Lumen Technologies, Inc. |
Closed
48,090
|
$75,020,000 | |
| NEOS ETF Trust |
Opened
1,411
|
$70,762,000 | 0.00% |
| Marinus Pharmaceuticals Inc |
Closed
7,823
|
$70,720,000 | |
| Mastercard Incorporated |
Opened
157
|
$69,262,000 | 0.00% |
| Invesco Exchange Traded Fd T |
Closed
672
|
$68,255,000 | |
| Advisorshares Tr |
Opened
9,230
|
$67,656,000 | 0.00% |
| New York Cmnty Bancorp Inc |
64.99%
20,403
|
$65,698,000 | 0.00% |
| Vanguard Admiral Fds Inc |
Opened
339
|
$79,896,000 | 0.00% |
| Toro Co. |
Closed
11,687
|
$62,759,000 | |
| Airsculpt Technologies Inc |
Closed
10,133
|
$62,217,000 | |
| BlackBerry Ltd |
21.28%
24,758
|
$61,400,000 | 0.00% |
| GlycoMimetics Inc |
Closed
20,465
|
$61,395,000 | |
| Alphabet Inc |
Closed
403
|
$61,361,000 | |
| Trump Media & Technology Gro |
Opened
1,826
|
$59,802,000 | 0.00% |
| United States Cellular Corporation |
Opened
1,050
|
$58,611,000 | 0.00% |
| Viking Therapeutics Inc |
97.00%
1,081
|
$57,304,000 | 0.00% |
| Buzzfeed Inc |
Opened
20,692
|
$57,110,000 | 0.00% |
| Big Lots Inc |
Closed
12,431
|
$53,826,000 | |
| Vistra Corp |
Closed
772
|
$53,770,000 | |
| Ssr Mining In |
34.36%
11,730
|
$52,902,000 | 0.00% |
| Dyne Therapeutics, Inc. |
Closed
1,807
|
$51,301,000 | |
| One Stop Sys Inc |
46.64%
20,896
|
$50,359,000 | 0.00% |
| Grifols S A |
Closed
7,298
|
$48,751,000 | |
| Dada Nexus Ltd |
Closed
22,678
|
$46,490,000 | |
| Ihs Holding Limited |
Closed
13,060
|
$46,102,000 | |
| Cipher Mining Inc |
41.38%
11,013
|
$45,704,000 | 0.00% |
| Canopy Growth Corporation |
Closed
5,252
|
$45,325,000 | |
| Alpha & Omega Semiconductor Ltd |
Opened
1,167
|
$43,611,000 | 0.00% |
| Core Scientific Inc New |
Closed
12,256
|
$43,386,000 | |
| Atea Pharmaceuticals, Inc. |
Closed
10,519
|
$42,497,000 | |
| Westrock Coffee Co |
Opened
4,114
|
$42,086,000 | 0.00% |
| Vimeo Inc |
Closed
10,099
|
$41,305,000 | |
| BioAtla, Inc. |
Closed
11,734
|
$40,365,000 | |
| Community Health Sys Inc New |
Closed
11,257
|
$39,400,000 | |
| Relmada Therapeutics Inc |
22.99%
13,029
|
$39,087,000 | 0.00% |
| Acelyrin Inc |
Closed
5,731
|
$38,684,000 | |
| Ishares Inc |
37.70%
651
|
$38,539,000 | 0.00% |
| Sharecare Inc |
Opened
28,100
|
$37,935,000 | 0.00% |
| Encore Energy Corp |
Opened
7,026
|
$37,730,000 | 0.00% |
| Adobe Inc |
Closed
74
|
$37,340,000 | |
| Proshares Tr |
Closed
4,708
|
$34,792,000 | |
| Southwestern Energy Company |
Closed
4,319
|
$32,738,000 | |
| Matterport Inc |
Opened
7,137
|
$31,902,000 | 0.00% |
| Etf Opportunities Trust |
Closed
745
|
$29,547,000 | |
| The Arena Group Holdings Inc |
Opened
36,329
|
$27,973,000 | 0.00% |
| Annovis Bio, Inc. |
Opened
4,778
|
$27,521,000 | 0.00% |
| Pulse Biosciences Inc |
Closed
3,064
|
$26,687,000 | |
| TotalEnergies SE |
Opened
374
|
$24,938,000 | 0.00% |
| Fulcrum Therapeutics Inc |
Opened
3,988
|
$24,726,000 | 0.00% |
| North European Oil Rty Tr |
Closed
4,123
|
$24,532,000 | |
| Psq Holdings Inc |
Closed
4,321
|
$23,247,000 | |
| Sirius XM Holdings Inc |
Closed
5,863
|
$22,748,000 | |
| Aurinia Pharmaceuticals Inc |
Closed
4,497
|
$22,530,000 | |
| Valaris Ltd |
Opened
282
|
$21,009,000 | 0.00% |
| American Centy Etf Tr |
Closed
359
|
$20,808,000 | |
| Spruce Biosciences, Inc. |
Closed
24,900
|
$19,571,000 | |
| Pmv Pharmaceuticals Inc |
Closed
11,419
|
$19,412,000 | |
| Invivyd Inc |
Closed
4,290
|
$19,048,000 | |
| Microvision Inc. |
Closed
10,273
|
$18,902,000 | |
| Bank Ozk Little Rock Ark |
Closed
390
|
$17,729,000 | |
| Kaixin Auto Hldgs |
Closed
87,761
|
$17,464,000 | |
| Cellectar Biosciences Inc |
Closed
3,778
|
$15,036,000 | |
| VanEck ETF Trust |
Opened
198
|
$13,047,000 | 0.00% |
| Sequans Communications S.A |
16.47%
21,216
|
$10,672,000 | 0.00% |
| Newegg Commerce Inc |
Closed
11,328
|
$10,467,000 | |
| RAPT Therapeutics, Inc. |
Closed
886
|
$7,956,000 | |
| Chargepoint Holdings Inc. |
Closed
3,766
|
$7,155,000 | |
| Amplify Etf Tr |
Opened
100
|
$4,586,000 | 0.00% |
| Savara Inc |
Opened
1,056
|
$4,256,000 | 0.00% |
| Rani Therapeutics Hldgs Inc |
Opened
991
|
$3,766,000 | 0.00% |
| Faraday Future Intlgt Elec I |
Opened
3,572
|
$1,811,000 | 0.00% |
| Intuitive Machines Inc |
Opened
412
|
$1,360,000 | 0.00% |
| Smith Micro Software, Inc. |
Opened
355
|
$785,000 | 0.00% |
| Oppfi Inc |
Opened
80
|
$271,000 | 0.00% |
| QIWI plc |
No change
46,779
|
$0 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 224 holdings | |||
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