DV Trading LLC

DV Trading LLC runs a $4.22B, 462-name 13F whose defining structural signature is an extreme concentration in a single Nasdaq-100 vehicle: Invesco QQQ (QQQ, 23.8%, $1.0B) occupies more than one-fifth of the entire portfolio, signaling a deliberate large-cap growth mandate implemented through the most liquid large-cap growth vehicle available. Layered on top of that QQQ anchor are concentrated single-stock convictions — Google Class C (GOOG, 9.6%, $405M), iShares High Yield Corporate Bond (HYG, 9.5%), KWEB (KraneShares China Internet, 6.1%), and Nvidia (NVDA, 6.1%) — each providing a different expression: GOOG for AI-platform compounding, HYG for high-yield credit income, KWEB for China internet recovery, NVDA for AI compute. The Q1 changes — four new initiations alongside four exits, 28 increased positions and 9 decreased across 63 total — represent a manager who was actively adding to existing convictions while trimming only selectively. With whaleScore of 76.50 on a $4.22B book — an unusually high score reflecting extreme QQQ concentration — this fund is a genuine mega-cap growth allocator that uses QQQ as its primary engine and single-stock positions as conviction overlays.