# WOLVERINE TRADING, LLC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 927337. Source: https://holderbook.com/funds/927337-wolverine-trading-llc/

- Reported value: $138.7B
- Positions: 2,395
- Weight of the ten largest: 44.4%
- Filed: 2025-11-14

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $15.8B | 915,710 | 11.4% | 20 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $12.3B | 173,291 | 8.8% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.1B | 990,500 | 5.1% | 28 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $7.0B | 173,665 | 5.0% | 28 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.9B | 68,620 | 3.5% | 28 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.5B | 160,224 | 2.6% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.0B | 59,673 | 2.2% | 1 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $2.9B | 1,934 | 2.1% | 7 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.7B | 52,482 | 1.9% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.5B | 33,222 | 1.8% | 28 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.2B | 176,899 | 1.6% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.9B | 92,343 | 1.3% | 26 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.8B | 16,861 | 1.3% | 20 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.6B | 138,852 | 1.1% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.5B | 43,442 | 1.1% | 28 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.4B | 19,630 | 1.0% | 12 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.3B | 43,079 | 1.0% | 28 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.3B | 85,000 | 0.9% | 10 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.3B | 8,428 | 0.9% | 25 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.3B | 24,786 | 0.9% | 28 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $1.2B | 50,401 | 0.8% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.2B | 76,837 | 0.8% | 28 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.1B | 356,883 | 0.8% | 28 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.1B | 229,185 | 0.8% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1B | 28,162 | 0.8% | 28 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.1B | 219,989 | 0.8% | 1 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $1.0B | 29,910 | 0.7% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $933.7M | 164,283 | 0.7% | 26 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $853.6M | 120,294 | 0.6% | 15 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $778.9M | 66,487 | 0.6% | 13 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $670.7M | 10,797 | 0.5% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $661.0M | 82,261 | 0.5% | 12 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $658.4M | 206,048 | 0.5% | 28 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $651.0M | 7,669 | 0.5% | 2 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $625.1M | 61,082 | 0.5% | 12 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $599.3M | 140,265 | 0.4% | 5 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $597.3M | 22,411 | 0.4% | 10 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $585.9M | 25,481 | 0.4% | 28 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $564.6M | 36,247 | 0.4% | 1 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $471.5M | 1,697 | 0.3% | 28 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $452.2M | 49,930 | 0.3% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $443.9M | 7,827 | 0.3% | 28 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $424.3M | 9,347 | 0.3% | 2 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $409.0M | 14,684 | 0.3% | 6 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $400.2M | 14,829 | 0.3% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $397.1M | 1,041 | 0.3% | 1 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $393.5M | 69,899 | 0.3% | 12 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $389.0M | 2,408 | 0.3% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $377.5M | 36,487 | 0.3% | 28 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $363.9M | 181,094 | 0.3% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $361.1M | 24,272 | 0.3% | 28 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $360.6M | 9,546 | 0.3% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $358.6M | 22,648 | 0.3% | 10 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $352.5M | 1,130 | 0.3% | 25 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $347.8M | 322,929 | 0.3% | 24 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $330.5M | 0 | 0.2% | 2 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $322.4M | 106,441 | 0.2% | 2 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $321.6M | 0 | 0.2% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $309.1M | 1,264,241 | 0.2% | 28 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $308.5M | 0 | 0.2% | 21 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $306.9M | 5,642 | 0.2% | 1 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $302.6M | 3,616 | 0.2% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $298.4M | 1,474 | 0.2% | 28 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $292.6M | 552,256 | 0.2% | 22 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $290.7M | 570 | 0.2% | 2 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $290.7M | 5,349 | 0.2% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $287.1M | 0 | 0.2% | 28 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $285.1M | 3,890 | 0.2% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $280.1M | 39,401 | 0.2% | 3 |
| OKLO INC | [OKLO](https://holderbook.com/stocks/OKLO/) | $280.1M | 0 | 0.2% | 4 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $275.7M | 41,697 | 0.2% | 28 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $263.7M | 158,642 | 0.2% | 2 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $262.2M | 42,996 | 0.2% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $260.3M | 1,646,746 | 0.2% | 5 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $252.9M | 46,739 | 0.2% | 16 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $250.4M | 119,326 | 0.2% | 15 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $248.9M | 591 | 0.2% | 13 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $244.2M | 50,973 | 0.2% | 9 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $235.4M | 1,425 | 0.2% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $235.0M | 114,203 | 0.2% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $231.8M | 35,617 | 0.2% | 11 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $229.3M | 30,883 | 0.2% | 4 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $226.5M | 6,663 | 0.2% | 1 |
| SUPER MICRO COMPUTER INC | [SMCI](https://holderbook.com/stocks/SMCI/) | $226.0M | 202,779 | 0.2% | 4 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $220.1M | 110,476 | 0.2% | 1 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $218.0M | 4,005 | 0.2% | 1 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $215.9M | 0 | 0.2% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $211.6M | 50,112 | 0.2% | 17 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $208.3M | 15,635 | 0.2% | 4 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $206.0M | 13,797 | 0.1% | 7 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $204.8M | 615,640 | 0.1% | 22 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $203.5M | 102,087 | 0.1% | 8 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $200.6M | 31,490 | 0.1% | 4 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $200.2M | 5,223 | 0.1% | 28 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $199.6M | 10,207 | 0.1% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $198.3M | 54,989 | 0.1% | 28 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $197.2M | 4,298 | 0.1% | 2 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $196.8M | 49,955 | 0.1% | 18 |
| WYNN RESORTS LTD | [WYNN](https://holderbook.com/stocks/WYNN/) | $196.3M | 386,758 | 0.1% | 11 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $193.5M | 24,931 | 0.1% | 13 |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $138.7B | 2,395 |
| Q2 2025 | $99.3B | 2,038 |
| Q1 2025 | $85.4B | 2,020 |
| Q4 2024 | $106.4B | 2,283 |
| Q3 2024 | $94.8B | 2,104 |
| Q2 2024 | $95.0B | 1,955 |
| Q1 2024 | $98.5B | 1,952 |
| Q4 2023 | $95.7B | 1,957 |
| Q3 2023 | $97.2B | 1,989 |
| Q2 2023 | $82.3B | 1,908 |
| Q1 2023 | $64.4B | 1,915 |
| Q4 2022 | $66.0B | 1,805 |