Filed: 11/14/2025ACC: 0000927337-25-000026
📋 What this filing means
WOLVERINE TRADING, LLC filed this quarterly 13F‑HR report disclosing 2395 equity positions with a total reported market value of $138.73B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
2395
Positions
$138.73B
Total AUM (reported)
889.48M
Total Shares
Allocation by class
COM$63.72B45.9%
TR UNIT$15.80B11.4%
UNIT SER 1$12.27B8.8%
CL A$10.48B7.6%
COM CL A$5.14B3.7%
CL A NEW$2.98B2.1%
COM NEW$2.76B2.0%
Portfolio Concentration
Top 3$35.22B25.4%
4–10$26.43B19.1%
11–25$21.13B15.2%
Rest$55.96B40.3%
Top 3 weight
25.4%
Top 10 weight
44.4%
Voting Authority Distribution
Total shares with voting rights: 0.00
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other2395
Dominant voting typeNone · 0.0% of voting shares
Institutional Holdings2395
Rows:
SPDR S&P 500 ETF TR
DFNDShares23.81M
TypeSH
Market value$15.80B
11.39%
Sole
0.00
Shared
0.00
None
0.00
INVESCO QQQ TR
DFNDShares20.50M
TypeSH
Market value$12.27B
8.85%
Sole
0.00
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares39.25M
TypeSH
Market value$7.14B
5.14%
Sole
0.00
Shared
0.00
None
0.00
TESLA INC
DFNDShares15.75M
TypeSH
Market value$6.98B
5.03%
Sole
0.00
Shared
0.00
None
0.00
META PLATFORMS INC
DFNDShares6.53M
TypeSH
Market value$4.85B
3.50%
Sole
0.00
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares6.89M
TypeSH
Market value$3.54B
2.55%
Sole
0.00
Shared
0.00
None
0.00
APPLE INC
DFNDShares11.78M
TypeSH
Market value$3.00B
2.16%
Sole
0.00
Shared
0.00
None
0.00
STRATEGY INC
DFNDShares9M
TypeSH
Market value$2.94B
2.12%
Sole
0.00
Shared
0.00
None
0.00
SPDR GOLD TR
DFNDShares7.57M
TypeSH
Market value$2.67B
1.92%
Sole
0.00
Shared
0.00
None
0.00
NETFLIX INC
DFNDShares2.03M
TypeSH
Market value$2.45B
1.77%
Sole
0.00
Shared
0.00
None
0.00
AMAZON COM INC
DFNDShares9.88M
TypeSH
Market value$2.20B
1.58%
Sole
0.00
Shared
0.00
None
0.00
BROADCOM INC
DFNDShares5.71M
TypeSH
Market value$1.87B
1.35%
Sole
0.00
Shared
0.00
None
0.00
PALANTIR TECHNOLOGIES INC
DFNDShares10.28M
TypeSH
Market value$1.84B
1.33%
Sole
0.00
Shared
0.00
None
0.00
SPDR DOW JONES INDL AVERAGE
DFNDShares3.38M
TypeSH
Market value$1.57B
1.13%
Sole
0.00
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares6.17M
TypeSH
Market value$1.51B
1.09%
Sole
0.00
Shared
0.00
None
0.00
ELI LILLY & CO
DFNDShares1.87M
TypeSH
Market value$1.36B
0.98%
Sole
0.00
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
DFNDShares3.89M
TypeSH
Market value$1.34B
0.97%
Sole
0.00
Shared
0.00
None
0.00
ISHARES TR
DFNDShares5.37M
TypeSH
Market value$1.30B
0.93%
Sole
0.00
Shared
0.00
None
0.00
BOOKING HOLDINGS INC
DFNDShares235.43K
TypeSH
Market value$1.28B
0.93%
Sole
0.00
Shared
0.00
None
0.00
GOLDMAN SACHS GROUP INC
DFNDShares1.58M
TypeSH
Market value$1.27B
0.91%
Sole
0.00
Shared
0.00
None
0.00
COINBASE GLOBAL INC
DFNDShares3.52M
TypeSH
Market value$1.18B
0.85%
Sole
0.00
Shared
0.00
None
0.00
ORACLE CORP
DFNDShares4.13M
TypeSH
Market value$1.17B
0.84%
Sole
0.00
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares4.49M
TypeSH
Market value$1.10B
0.79%
Sole
0.00
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
DFNDShares2.16M
TypeSH
Market value$1.08B
0.78%
Sole
0.00
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
DFNDShares1.18M
TypeSH
Market value$1.08B
0.78%
Sole
0.00
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRDFND | TR UNIT | 23.81M | SH | $15.80B 11.39% | 0.00 | 0.00 | 0.00 |
INVESCO QQQ TRDFND | UNIT SER 1 | 20.50M | SH | $12.27B 8.85% | 0.00 | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 39.25M | SH | $7.14B 5.14% | 0.00 | 0.00 | 0.00 |
TESLA INCDFND | COM | 15.75M | SH | $6.98B 5.03% | 0.00 | 0.00 | 0.00 |
META PLATFORMS INCDFND | CL A | 6.53M | SH | $4.85B 3.50% | 0.00 | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 6.89M | SH | $3.54B 2.55% | 0.00 | 0.00 | 0.00 |
APPLE INCDFND | COM | 11.78M | SH | $3.00B 2.16% | 0.00 | 0.00 | 0.00 |
STRATEGY INCDFND | CL A NEW | 9M | SH | $2.94B 2.12% | 0.00 | 0.00 | 0.00 |
SPDR GOLD TRDFND | GOLD SHS | 7.57M | SH | $2.67B 1.92% | 0.00 | 0.00 | 0.00 |
NETFLIX INCDFND | COM | 2.03M | SH | $2.45B 1.77% | 0.00 | 0.00 | 0.00 |
AMAZON COM INCDFND | COM | 9.88M | SH | $2.20B 1.58% | 0.00 | 0.00 | 0.00 |
BROADCOM INCDFND | COM | 5.71M | SH | $1.87B 1.35% | 0.00 | 0.00 | 0.00 |
PALANTIR TECHNOLOGIES INCDFND | CL A | 10.28M | SH | $1.84B 1.33% | 0.00 | 0.00 | 0.00 |
SPDR DOW JONES INDL AVERAGEDFND | UT SER 1 | 3.38M | SH | $1.57B 1.13% | 0.00 | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 6.17M | SH | $1.51B 1.09% | 0.00 | 0.00 | 0.00 |
ELI LILLY & CODFND | COM | 1.87M | SH | $1.36B 0.98% | 0.00 | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCDFND | COM | 3.89M | SH | $1.34B 0.97% | 0.00 | 0.00 | 0.00 |
ISHARES TRDFND | RUSSELL 2000 ETF | 5.37M | SH | $1.30B 0.93% | 0.00 | 0.00 | 0.00 |
BOOKING HOLDINGS INCDFND | COM | 235.43K | SH | $1.28B 0.93% | 0.00 | 0.00 | 0.00 |
GOLDMAN SACHS GROUP INCDFND | COM | 1.58M | SH | $1.27B 0.91% | 0.00 | 0.00 | 0.00 |
COINBASE GLOBAL INCDFND | COM CL A | 3.52M | SH | $1.18B 0.85% | 0.00 | 0.00 | 0.00 |
ORACLE CORPDFND | COM | 4.13M | SH | $1.17B 0.84% | 0.00 | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL C | 4.49M | SH | $1.10B 0.79% | 0.00 | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELDFND | CL B NEW | 2.16M | SH | $1.08B 0.78% | 0.00 | 0.00 | 0.00 |
COSTCO WHSL CORP NEWDFND | COM | 1.18M | SH | $1.08B 0.78% | 0.00 | 0.00 | 0.00 |
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