§ 13F · FUND PROFILE
WOLVERINE TRADING, LLC.
Options market maker, volatility trading
AUM · $99.3B (13F)Positions · 4512Turnover · 45% · Q2Filed · Aug 18, 2025
CONCENTRATION
36%
Top 10 holdings
NEW BUYS
+2038
+$59.9B deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q2 2025
FILED AUG 18, 2025
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | SPY | SPDR S&P 500 ETF TR | 14.82M | $9.1B | 9.2% | NEW |
| 2 | SPY | SPDR S&P 500 ETF TR | 8.70M | $5.4B | 5.4% | — |
| 3 | NVDA | NVIDIA CORPORATION | 24.57M | $3.9B | 3.9% | NEW |
| 4 | META | META PLATFORMS INC | 4.56M | $3.3B | 3.4% | NEW |
| 5 | TSLA | TESLA INC | 10.17M | $3.3B | 3.3% | NEW |
| 6 | NVDA | NVIDIA CORPORATION | 15.76M | $2.5B | 2.5% | — |
| 7 | MSTR | MICROSTRATEGY INC | 5.66M | $2.2B | 2.2% | NEW |
| 8 | MSFT | MICROSOFT CORP | 4.32M | $2.1B | 2.2% | NEW |
| 9 | TSLA | TESLA INC | 5.82M | $1.9B | 1.9% | — |
| 10 | META | META PLATFORMS INC | 2.43M | $1.8B | 1.8% | — |
§ 02 · SECTOR ALLOCATION
Where the money is
Other24.9%
Technology14.8%
Media11.3%
Semiconductors10.8%
Financial Services5.6%
Automobiles5.5%
§ 03 · THE WOLVERINE SIGNAL
AC read
WOLVERINE TRADING, LLC is a Systematic / Quant fund managing $99.3 billion in assets. The fund runs a massive portfolio of 4,512 positions, broad diversification across holdings, with the top 10 accounting for 36%. Trading activity is aggressive at 45% quarterly turnover, with 2038 new positions and 0 exits last quarter. Top sector allocations: Other (25%), Technology (15%), Media (11%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q2 2025
Busy quarter
+2038 buys · −0 exits · 0 changed