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Wolverine Trading, LLC
Robert Bellick · Hedge Fund · Multi-Strategy
Established in 1994 and headquartered in Chicago, Wolverine Trading, LLC is a leading proprietary trading firm and a key component of the Wolverine group of companies. The firm specializes in market making and valuation arbitrage across a wide array of global financial instruments, including equities, options, futures, ETFs, and cash bonds. Known for its expertise in derivatives valuation and high-performance trading technology, Wolverine provides critical liquidity to global exchanges. Over the decades, it has expanded into a diversified financial institution that includes asset management and execution services, maintaining a focus on innovation and integrity in the capital markets.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +36.4% |
| YTD return | +28.1% |
| Sharpe ratio | 3.09 |
| Win rate | 48% |
| AUM | $1.6B |
| Inception | Oct 1, 2025 |
| Updated | Aug 20, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.6B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.wolve.com |
Current Holdings
Updated on Aug 20, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| MU | Micron Technology Inc | 12.9% | +243.6% |
| NVDA | NVIDIA Corporation | 12.8% | +14.7% |
| INTC | Intel Corporation | 9.9% | +81.1% |
| GOOGL | Alphabet Inc Class A | 9.1% | +35.4% |
| AMD | Advanced Micro Devices Inc | 7.1% | +152.9% |
| BRK-A | Berkshire Hathaway Inc | 7.0% | +0.7% |
| TSM | Taiwan Semiconductor Manufacturing | 4.4% | +39.2% |
| TSLA | Tesla Inc | 4.3% | -23.5% |
| CI | Cigna Corp | 4.2% | -4.8% |
| MSFT | Microsoft Corporation | 3.9% | -2.5% |
| ASML | ASML Holding NV ADR | 3.0% | +58.3% |
| CRWD | Crowdstrike Holdings Inc | 2.9% | +63.0% |
| MAR | Marriott International Inc | 2.7% | +29.6% |
| WYNN | Wynn Resorts Limited | 2.6% | -20.3% |
| AMZN | Amazon.com Inc | 2.6% | +15.8% |
| META | Meta Platforms Inc. | 2.5% | -21.8% |
| AVGO | Broadcom Inc | 2.2% | +8.5% |
| BKNG | Booking Holdings Inc | 2.2% | +2.2% |
| STX | Seagate Technology PLC | 1.8% | -3.6% |
| WDC | Western Digital Corporation | 1.8% | -17.2% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Jun 15, 2026 | SELL | COST | 1.8% → 0.0% |
| Jun 15, 2026 | SELL | AMD | 6.9% → 7.1% |
| Jun 15, 2026 | BUY | AVGO | 2.3% → 2.2% |
| Jun 15, 2026 | SELL | NVDA | 13.3% → 12.8% |
| Jun 15, 2026 | SELL | BKNG | 2.2% → 2.2% |
Investment Style Analysis
Wolverine Trading, LLC is widely recognized for employing a Multi-Strategy strategy. As of Aug 20, 2026, the firm oversees approximately $1.6B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Internet Content & Information sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Jun 15, Wolverine Trading, LLC made a significant move by reducing the position in COST. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Wolverine Trading operates on a philosophy of technology-driven market neutrality and valuation arbitrage. The firm leverages sophisticated quantitative models and high-frequency trading infrastructure to identify and capture price discrepancies in global derivatives and equity markets. As a primary market maker, its strategy is centered on providing continuous liquidity and transparency while managing risk through complex algorithmic systems. The broader organization, including its asset management arm, emphasizes absolute returns through relative value strategies, capital structure arbitrage, and volatility trading, utilizing proprietary risk management technology to navigate diverse asset classes.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Wolverine Trading, LLC.
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Frequently asked questions
How is the simulated portfolio for Wolverine Trading, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Wolverine Trading, LLC's largest holding?
As of the latest filing, Wolverine Trading, LLC's top position is Micron Technology Inc (MU), representing 12.9% of the portfolio. This reflects a high-conviction bet by the institution.
What is Wolverine Trading, LLC's historical performance and risk profile?
Our simulation indicates a total return of +36.4% with a win rate of 48%. Notably, the portfolio maintains a Sharpe Ratio of 3.09, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Wolverine Trading, LLC primarily invest in?
Wolverine Trading, LLC has a strong preference for the Semiconductors sector, which makes up 49.3% of their disclosed assets. The portfolio also has exposure to Internet Content & Information, indicating a specific thematic focus.
Is Wolverine Trading, LLC's portfolio concentrated or diversified?
Wolverine Trading, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 35.6% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Wolverine Trading, LLC performed in 2026?
Our AI-simulated model portfolio for Wolverine Trading, LLC tracks a Year-to-Date (YTD) return of +28.1%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Robert Bellick manage Wolverine Trading, LLC directly?
Yes, Robert Bellick serves as the key portfolio manager for Wolverine Trading, LLC, overseeing the investment strategy and final capital allocation decisions.