WOLVERINE TRADING, LLC
13F Reported Value
ⓘ$138.7B
incl. option notional
Equity Holdings
ⓘ$5.0B
Option Notional
ⓘ$133.8B
$55.0B puts / $78.7B calls
Holdings
5,565
Latest Filing
2025-09-30
Filing Quarter
Q3 2025
Portfolio Overview
WOLVERINE TRADING, LLC disclosed 5,565 positions worth $138.7B in its Form 13F-HR for Q3 2025 — $5.0B in common stock plus $133.8B of put/call option positions (reported at underlying notional value, not premium at risk). During the quarter the fund opened 1632 new positions and exited 633 and a full exit from $CVNA. The portfolio is most concentrated in Other (37.7% of disclosed assets). All figures are sourced directly from WOLVERINE TRADING, LLC’s Form 13F-HR filing with the SEC under CIK 927337.
AI Fund Analysis
DiversifyingSector Allocation
13fpro.ai/research/fund/wolverine-trading-llc-927337
AUM History
13fpro.ai/research/fund/wolverine-trading-llc-927337
Top Equity Holdings by Value
13fpro.ai/research/fund/wolverine-trading-llc-927337
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q3 2025
Click any card to unlockTop Holdings
SPDR S&P 500 ETF TR PUT
—Quality
$7.7B11,624,700 shSPDR S&P 500 ETF TR CALL
—Quality
$7.5B11,273,700 shINVESCO QQQ TR CALL
—Quality
$6.7B11,263,800 shINVESCO QQQ TR PUT
—Quality
$5.4B9,061,900 sh- 53.6
Quality
$4.4B10,021,700 sh - 85.9
Quality
$4.4B23,921,800 sh - 79.6
Quality
$3.2B4,335,500 sh - 85.9
Quality
$2.6B14,335,200 sh - 53.6
Quality
$2.5B5,555,500 sh - 79.7
Quality
$2.2B4,243,400 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| SPDR S&P 500 ETF TR PUT | — | $7.7B | 11,624,700 |
| SPDR S&P 500 ETF TR CALL | — | $7.5B | 11,273,700 |
| INVESCO QQQ TR CALL | — | $6.7B | 11,263,800 |
| INVESCO QQQ TR PUT | — | $5.4B | 9,061,900 |
| 53.6 | $4.4B | 10,021,700 | |
| 85.9 | $4.4B | 23,921,800 | |
| 79.6 | $3.2B | 4,335,500 | |
| 85.9 | $2.6B | 14,335,200 | |
| 53.6 | $2.5B | 5,555,500 | |
| 79.7 | $2.2B | 4,243,400 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of WOLVERINE TRADING, LLC's 5,565 positions.
Showing top 10 of 5,565 holdings.
Sector Allocation
Other
$1.9B
Technology
$1.2B
Consumer Discretionary
$390.4M
Industrials
$366.9M
Financials
$342.9M
Healthcare
$293.4M
Materials
$132.1M
Energy
$123.4M
Top Holdings — WOLVERINE TRADING, LLC (Q3 2025)
Top 150 of 5,565 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | — | SPDR S&P 500 ETF TR | $7.7B | — | -22% | — |
| 2 | — | SPDR S&P 500 ETF TR | $7.5B | — | +30% | — |
| 3 | — | INVESCO QQQ TR | $6.7B | — | NEW | — |
| 4 | — | INVESCO QQQ TR | $5.4B | — | NEW | — |
| 5 | Tesla, Inc. | $4.4B | — | -1% | 53.6 | |
| 6 | NVIDIA CORP | $4.4B | — | -3% | 85.9 | |
| 7 | Meta Platforms, Inc. | $3.2B | — | -5% | 79.6 | |
| 8 | NVIDIA CORP | $2.6B | — | -9% | 85.9 | |
| 9 | Tesla, Inc. | $2.5B | — | -5% | 53.6 | |
| 10 | MICROSOFT CORP | $2.2B | — | -2% | 79.7 | |
| 11 | Strategy Inc | $1.9B | — | +1% | 17.6 | |
| 12 | Apple Inc. | $1.8B | — | NEW | 76.3 | |
| 13 | — | SPDR GOLD TR | $1.8B | — | +13% | — |
| 14 | Meta Platforms, Inc. | $1.6B | — | -12% | 79.6 | |
| 15 | AMAZON COM INC | $1.4B | — | NEW | 68.4 | |
| 16 | MICROSOFT CORP | $1.3B | — | -1% | 79.7 | |
| 17 | NETFLIX INC | $1.3B | — | -21% | 78.6 | |
| 18 | NETFLIX INC | $1.2B | — | -12% | 78.6 | |
| 19 | Apple Inc. | $1.1B | — | NEW | 76.3 | |
| 20 | Palantir Technologies Inc. | $1.1B | — | +0% | 84.5 | |
| 21 | Strategy Inc | $1.1B | — | +17% | 17.6 | |
| 22 | Alphabet Inc. | $1.0B | — | +4% | 78.1 | |
| 23 | Broadcom Inc. | $1.0B | — | +15% | 84.4 | |
| 24 | — | SPDR DOW JONES INDL AVERAGE | $827.6M | — | +24% | — |
| 25 | UNITEDHEALTH GROUP INC | $815.5M | — | +23% | 62.5 | |
| 26 | — | SPDR GOLD TR | $812.8M | — | -9% | — |
| 27 | Broadcom Inc. | $811.4M | — | +15% | 84.4 | |
| 28 | AMAZON COM INC | $768.8M | — | NEW | 68.4 | |
| 29 | Coinbase Global, Inc. | $757.9M | — | -10% | 44.6 | |
| 30 | — | ISHARES TR | $757.5M | — | -48% | — |
| 31 | ORACLE CORP | $747.0M | — | +116% | 68.2 | |
| 32 | BERKSHIRE HATHAWAY INC | $736.3M | — | NEW | 73.6 | |
| 33 | Alphabet Inc. | $720.8M | — | +13% | 78.1 | |
| 34 | GOLDMAN SACHS GROUP INC | $717.4M | — | -6% | 73.3 | |
| 35 | Palantir Technologies Inc. | $706.3M | — | +2% | 84.5 | |
| 36 | Booking Holdings Inc. | $700.9M | — | -15% | 58.3 | |
| 37 | ELI LILLY & Co | $675.6M | — | +29% | 87.5 | |
| 38 | — | SPDR DOW JONES INDL AVERAGE | $674.9M | — | +14% | — |
| 39 | ELI LILLY & Co | $665.8M | — | +13% | 87.5 | |
| 40 | ADVANCED MICRO DEVICES INC | $663.0M | — | NEW | 79.7 | |
| 41 | AppLovin Corp | $662.7M | — | +17% | 84.3 | |
| 42 | SPDR S&P 500 ETF TRUST | $607.7M | 12.3% | -35% | — | |
| 43 | Alibaba Group Holding Ltd | $552.2M | — | +37% | — | |
| 44 | Booking Holdings Inc. | $537.3M | — | -18% | 58.3 | |
| 45 | GOLDMAN SACHS GROUP INC | $531.9M | — | +9% | 73.3 | |
| 46 | COSTCO WHOLESALE CORP /NEW | $527.1M | — | +10% | 65.9 | |
| 47 | COSTCO WHOLESALE CORP /NEW | $526.4M | — | +11% | 65.9 | |
| 48 | — | ISHARES TR | $518.5M | — | -5% | — |
| 49 | UNITEDHEALTH GROUP INC | $512.8M | — | +29% | 62.5 | |
| 50 | — | VANGUARD INDEX FDS | $509.0M | — | +11% | — |
| 51 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $499.0M | — | +21% | — | |
| 52 | Alphabet Inc. | $462.2M | — | +5% | 78.1 | |
| 53 | CrowdStrike Holdings, Inc. | $453.5M | — | +8% | 67.5 | |
| 54 | Robinhood Markets, Inc. | $424.9M | — | +2% | 81.9 | |
| 55 | BOEING CO | $404.5M | — | NEW | 61.4 | |
| 56 | Coinbase Global, Inc. | $402.1M | — | -11% | 44.6 | |
| 57 | ORACLE CORP | $398.9M | — | +77% | 68.2 | |
| 58 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $389.8M | — | +26% | — | |
| 59 | iShares Bitcoin Trust ETF | $389.3M | — | NEW | — | |
| 60 | ADVANCED MICRO DEVICES INC | $375.7M | — | NEW | 79.7 | |
| 61 | JPMORGAN CHASE & CO | $360.5M | — | +11% | 70.3 | |
| 62 | — | ISHARES TR | $342.6M | — | -20% | — |
| 63 | MICRON TECHNOLOGY INC | $331.9M | — | -3% | 86.1 | |
| 64 | AppLovin Corp | $326.8M | — | -14% | 84.3 | |
| 65 | FIRST SOLAR, INC. | $323.0M | — | +60% | 79 | |
| 66 | CrowdStrike Holdings, Inc. | $292.9M | — | -6% | 67.5 | |
| 67 | MICRON TECHNOLOGY INC | $292.7M | — | +17% | 86.1 | |
| 68 | Alphabet Inc. | $288.7M | — | +9% | 78.1 | |
| 69 | JPMORGAN CHASE & CO | $288.1M | — | +12% | 70.3 | |
| 70 | MERCADOLIBRE INC | $286.7M | — | +42% | 80.1 | |
| 71 | ASML HOLDING NV | $282.5M | — | +30% | — | |
| 72 | Alibaba Group Holding Ltd | $279.7M | — | +50% | — | |
| 73 | ASML HOLDING NV | $278.9M | — | +56% | — | |
| 74 | AMERICAN EXPRESS CO | $274.3M | — | NEW | 69.1 | |
| 75 | FIRST SOLAR, INC. | $269.3M | — | +195% | 79 | |
| 76 | BOEING CO | $263.9M | — | NEW | 61.4 | |
| 77 | ServiceNow, Inc. | $261.1M | — | -8% | 72.8 | |
| 78 | Salesforce, Inc. | $256.6M | — | +36% | 76.9 | |
| 79 | — | ISHARES SILVER TR | $252.4M | — | NEW | — |
| 80 | Walmart Inc. | $251.8M | — | +6% | 59.9 | |
| 81 | — | ISHARES TR | $244.1M | — | +7% | — |
| 82 | GE Vernova Inc. | $240.2M | — | +2% | 81.1 | |
| 83 | DoorDash, Inc. | $239.6M | — | +48% | 70.8 | |
| 84 | — | MASTERCARD INCORPORATED | $238.8M | — | -0% | — |
| 85 | CITIGROUP INC | $231.5M | — | +59% | 64.7 | |
| 86 | BERKSHIRE HATHAWAY INC | $228.8M | — | NEW | 73.6 | |
| 87 | VISA INC. | $225.7M | — | +6% | 82.7 | |
| 88 | Uber Technologies, Inc | $225.5M | — | -1% | 73.3 | |
| 89 | INTUIT INC. | $224.7M | — | +9% | 79.3 | |
| 90 | ADOBE INC. | $218.6M | — | +37% | 77.8 | |
| 91 | Snowflake Inc. | $216.9M | — | NEW | 54.7 | |
| 92 | — | VANECK ETF TRUST | $215.6M | — | -9% | — |
| 93 | — | VANECK ETF TRUST | $205.7M | — | +29% | — |
| 94 | Spotify Technology S.A. | $205.6M | — | +6% | — | |
| 95 | ARM HOLDINGS PLC /UK | $203.7M | — | NEW | — | |
| 96 | — | ROYAL CARIBBEAN GROUP | $202.7M | — | -3% | — |
| 97 | BlackRock, Inc. | $201.3M | — | +5% | 69.8 | |
| 98 | Walmart Inc. | $195.3M | — | +4% | 59.9 | |
| 99 | Robinhood Markets, Inc. | $191.9M | — | -2% | 81.9 | |
| 100 | MERCADOLIBRE INC | $180.6M | — | +3% | 80.1 | |
| 101 | NVIDIA CORP | $180.1M | 3.6% | +29% | 85.9 | |
| 102 | ServiceNow, Inc. | $175.5M | — | -11% | 72.8 | |
| 103 | Oklo Inc. | $174.9M | — | +72% | — | |
| 104 | INTERNATIONAL BUSINESS MACHINES CORP | $173.7M | — | +38% | 69.7 | |
| 105 | HOME DEPOT, INC. | $173.5M | — | -12% | 60.1 | |
| 106 | iShares Bitcoin Trust ETF | $173.0M | — | NEW | — | |
| 107 | CoreWeave, Inc. | $173.0M | — | +200% | 52.1 | |
| 108 | SHOPIFY INC. | $169.1M | — | +6% | 64.9 | |
| 109 | IREN Ltd | $168.4M | — | +138% | 46.3 | |
| 110 | MongoDB, Inc. | $167.7M | — | +7% | 68.6 | |
| 111 | — | ISHARES TR | $164.4M | — | +28% | — |
| 112 | EXXON MOBIL CORP | $164.1M | — | -10% | 57.7 | |
| 113 | lululemon athletica inc. | $163.4M | — | +82% | 67.3 | |
| 114 | VISA INC. | $162.5M | — | -9% | 82.7 | |
| 115 | — | ISHARES TR | $161.0M | 3.2% | +25% | — |
| 116 | GE Vernova Inc. | $159.9M | — | -3% | 81.1 | |
| 117 | SYNOPSYS INC | $153.1M | — | +210% | 67.7 | |
| 118 | — | MASTERCARD INCORPORATED | $152.9M | — | -0% | — |
| 119 | Spotify Technology S.A. | $148.1M | — | +29% | — | |
| 120 | ADOBE INC. | $145.7M | — | +18% | 77.8 | |
| 121 | CATERPILLAR INC | $145.4M | — | +27% | 66.3 | |
| 122 | CATERPILLAR INC | $145.0M | — | -15% | 66.3 | |
| 123 | INTEL CORP | $143.8M | — | +51% | 45.5 | |
| 124 | — | VANECK ETF TRUST | $143.4M | — | +28% | — |
| 125 | MongoDB, Inc. | $140.9M | — | +56% | 68.6 | |
| 126 | — | SELECT SECTOR SPDR TR | $138.9M | — | +3% | — |
| 127 | Nebius Group N.V. | $138.1M | — | +93% | — | |
| 128 | MORGAN STANLEY | $136.5M | — | +16% | 75.7 | |
| 129 | CoreWeave, Inc. | $136.4M | — | +15% | 52.1 | |
| 130 | JOHNSON & JOHNSON | $136.0M | — | +35% | 68.8 | |
| 131 | Super Micro Computer, Inc. | $135.7M | — | -1% | 61.8 | |
| 132 | DoorDash, Inc. | $134.9M | — | -19% | 70.8 | |
| 133 | — | SELECT SECTOR SPDR TR | $131.1M | — | +60% | — |
| 134 | Arista Networks, Inc. | $129.5M | — | NEW | 81.8 | |
| 135 | MCDONALDS CORP | $128.3M | — | +71% | 68.6 | |
| 136 | APPLIED MATERIALS INC /DE | $128.3M | — | NEW | 72.1 | |
| 137 | RTX Corp | $127.2M | — | NEW | 73.1 | |
| 138 | CITIGROUP INC | $127.1M | — | +13% | 64.7 | |
| 139 | INTUIT INC. | $127.1M | — | +68% | 79.3 | |
| 140 | — | SELECT SECTOR SPDR TR | $127.0M | — | +96% | — |
| 141 | Dell Technologies Inc. | $126.8M | — | +14% | 71.1 | |
| 142 | Palo Alto Networks Inc | $125.3M | — | +1% | 65.4 | |
| 143 | — | WELLS FARGO CO NEW | $125.1M | — | +1% | — |
| 144 | STARBUCKS CORP | $124.6M | — | -6% | 57.9 | |
| 145 | HOME DEPOT, INC. | $124.3M | — | -5% | 60.1 | |
| 146 | NIKE, Inc. | $123.4M | — | +34% | 49 | |
| 147 | — | SELECT SECTOR SPDR TR | $123.1M | — | +17% | — |
| 148 | AMERICAN EXPRESS CO | $122.5M | — | NEW | 69.1 | |
| 149 | — | DISNEY WALT CO | $122.1M | — | -9% | — |
| 150 | INTEL CORP | $121.7M | — | +58% | 45.5 |
New Positions (1632)
Exited Positions (633)
Browse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
Available Analysis
13F Pro tracks comprehensive institutional data for WOLVERINE TRADING, LLC including:
Track WOLVERINE TRADING, LLC's Full Portfolio
See every holding, quarter-over-quarter changes, sector allocation, and accumulation patterns for WOLVERINE TRADING, LLC and 8,700+ other institutional investors.
Free tier includes full 13F search and fund profiles. Pro starts at $6.67/mo (billed annually).
AI-Powered Hedge Fund Analysis: WOLVERINE TRADING, LLC
13F Pro is an AI hedge fund tracker and stock research platform. For WOLVERINE TRADING, LLC (SEC CIK: 927337), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in WOLVERINE TRADING, LLC's portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.