# Belvedere Advisors LLC

> Institutional holdings reported to the SEC as of Q2 2019 on Form 13F. CIK 1755386. Source: https://holderbook.com/funds/1755386-belvedere-advisors-llc/

- Reported value: $3.2M
- Positions: 30
- Weight of the ten largest: 83.7%
- Filed: 2019-09-24

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [ILF](https://holderbook.com/stocks/ILF/) | $1.2M | 35,926 | 37.4% | 2 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $291.0K | 2,343 | 9.0% | 2 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $227.0K | 2,123 | 7.0% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $191.0K | 520 | 5.9% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $180.0K | 935 | 5.6% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $132.0K | 3,109 | 4.1% | 1 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $131.0K | 1,496 | 4.0% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $125.0K | 66 | 3.9% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $119.0K | 603 | 3.7% | 1 |
| INVESCO CURRENCYSHARES SWISS | [FXF](https://holderbook.com/stocks/FXF/) | $105.0K | 1,107 | 3.2% | 2 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $99.0K | 587 | 3.1% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $61.0K | 456 | 1.9% | 2 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $45.0K | 1,080 | 1.4% | 2 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $44.0K | 162 | 1.4% | 2 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $43.0K | 465 | 1.3% | 1 |
| ISHARES TR | [REZ](https://holderbook.com/stocks/REZ/) | $39.0K | 537 | 1.2% | 2 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $38.0K | 2,673 | 1.2% | 2 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $38.0K | 844 | 1.2% | 2 |
| ISHARES TR | [IGE](https://holderbook.com/stocks/IGE/) | $32.0K | 1,039 | 1.0% | 2 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $28.0K | 252 | 0.9% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $15.0K | 14 | 0.5% | 1 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $8.0K | 71 | 0.2% | 2 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $7.0K | 195 | 0.2% | 2 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $6.0K | 39 | 0.2% | 2 |
| SPDR INDEX SHS FDS | [RWO](https://holderbook.com/stocks/RWO/) | $5.0K | 94 | 0.2% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.0K | 13 | 0.1% | 2 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $4.0K | 45 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $4.0K | 39 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.0K | 24 | 0.1% | 2 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $3.0K | 24 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2019 | +2.2% | +3.7% | -1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2019 | $3.2M | 30 |
| Q1 2019 | $7.8M | 42 |