Belvedere Trading Llc Investment Changes: Q2 Analysis

Belvedere Trading Llc has released its investment data for the period ending June 30, 2026. The fund's portfolio is dominated by Technology stocks, with a total value of $699.7 million allocated to this sector.

Recent Purchases

The hedge fund has shown strong buying activity in several large-cap and mid-cap technology companies during the quarter:

• NVIDIA Corporation (NVDA): Belvedere Trading increased its position significantly by acquiring an additional 1,042,823 shares. This brings their total holdings to over 1.9 million shares representing approximately $396.6 million in value and accounting for about 33% of the portfolio.
• Micron Technology Inc (MU): The fund added more than 126,000 shares to its position in this memory chip maker. Their total holdings now stand at around $150 million.
• Sandisk Corp (SNDK): Belvedere Trading purchased an additional 47,861 shares of the flash storage company.

Additionally, purchases were noted in:

• Super Micro Computer Inc (SMCI): The fund bought more than 200,000 shares during this period.
• Broadcom Inc (AVGO): Belvedere added a small position of around $2.3 million worth to the portfolio.

Stock Sales and Portfolio Adjustments

In contrast, the fund also divested some positions during this quarter:

• META Platforms Inc (META): Belvedere Trading sold off approximately half of its holdings in Meta stock. The change shows a reduction of over 104,000 shares.

Furthermore, the fund:

• Sold Tesla Inc (TSLA): Their stake in Tesla was reduced by nearly all of it during this period.
• Sold Apple Inc (AAPL): Belvedere Trading completely exited its position in Apple stock.

No Change in Certain Sectors

For several sectors, there was no change disclosed:

• Industrials: No such activity is disclosed in this filing.
• Financial Services: No significant changes are reported for stocks within the Financial Services sector.
• Healthcare, Energy, Utilities, Basic Materials: No change information was provided for these sectors either.

The fund also completely exited its position in AMD stock and sold off shares from SOXL during this period. Overall portfolio turnover appears very high given the number of holdings changed or divested.