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Parallax Volatility Advisers Portfolio holdings
AUM
$38.6B
1-Year Est. Return
45.89%
This Fund
S&P 500
This Quarter
Est. Return
+2.87%
1 Year Est. Return
+45.89%
3 Year Est. Return
+130.56%
5 Year Est. Return
+159.19%
10 Year Est. Return
+649.1%
AUM
$38.6B
AUM Growth
-$12.1B
(-24%)
Cap. Flow
-$11.5B
Cap. Flow
% of AUM
-29.81%
Top 10 Holdings %
Top 10 Hldgs %
42.79%
Holding
1,949
New
355
Increased
391
Reduced
597
Closed
522
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$109M |
| 2 |
NEE.PRV
NextEra Energy Inc 7.375% Corporate Units
NEE.PRV
|
+$100M |
| 3 |
Apple
AAPL
|
+$80.6M |
| 4 |
ORCL.PRD
Oracle Corp Preferred Stock Series D
ORCL.PRD
|
+$49.3M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Express
AXP
|
+$246M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$161M |
| 3 |
SPDR Gold Trust
GLD
|
+$146M |
| 4 |
Tesla
TSLA
|
+$128M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$91.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.04% |
| 2 | Financials | 0.82% |
| 3 | Energy | 0.43% |
| 4 | Consumer Discretionary | 0.37% |
| 5 | Industrials | 0.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $6.31B | 16.35% |
9,696,400
-3,319,200
| -26% | -$2.26B |
|
2
PUT
Invesco QQQ Trust
QQQ
$478B
| $2.43B | 6.29% |
4,205,300
+436,700
| +12% | +$265M |
|
|
3
CALL
Invesco QQQ Trust
QQQ
$478B
| $1.87B | 4.84% |
3,233,200
+116,900
| +4% | +$71M |
|
|
4
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $1.67B | 4.34% |
2,570,400
-162,400
| -6% | -$110M |
|
|
5
PUT
iShares Russell 2000 ETF
IWM
$81.8B
| $1.06B | 2.74% |
4,259,300
-604,800
| -12% | -$156M |
|
|
6
CALL
State Street Financial Select Sector SPDR ETF
XLF
$59B
| $839M | 2.18% |
16,036,900
-1,564,300
| -9% | -$81.5M |
|
|
7
PUT
State Street Financial Select Sector SPDR ETF
XLF
$59B
| $740M | 1.92% |
14,158,500
+2,808,100
| +25% | +$146M |
|
|
8
CALL
iShares Russell 2000 ETF
IWM
$81.8B
| $728M | 1.89% |
2,936,700
+1,765,700
| +151% | +$455M |
|
9
PUT
NVIDIA
NVDA
$5.27T
| $448M | 1.16% |
2,566,900
-1,615,000
| -39% | -$296M |
|
10
CALL
VanEck Semiconductor ETF
SMH
$70.6B
| $417M | 1.08% |
1,088,500
+369,800
| +51% | +$147M |
|
11
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $411M | 1.07% |
5,162,300
+2,777,500
| +116% | +$223M |
|
12
PUT
Meta Platforms (Facebook)
META
$1.53T
| $365M | 0.95% |
637,700
-233,400
| -27% | -$150M |
|
|
13
CALL
NVIDIA
NVDA
$5.27T
| $359M | 0.93% |
2,060,400
-623,400
| -23% | -$114M |
|
|
14
CALL
SPDR Gold Trust
GLD
$143B
| $351M | 0.91% |
815,700
-359,600
| -31% | -$161M |
|
15
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
| $341M | 0.88% |
6,099,600
+2,323,500
| +62% | +$125M |
|
|
16
PUT
Tesla
TSLA
$1.31T
| $322M | 0.83% |
833,000
-1,672,900
| -67% | -$689M |
|
|
17
PUT
Apple
AAPL
$4.45T
| $322M | 0.83% |
1,267,800
-895,200
| -41% | -$233M |
|
|
18
PUT
SPDR Gold Trust
GLD
$143B
| $314M | 0.81% |
728,700
-576,300
| -44% | -$258M |
|
19
CALL
Amazon
AMZN
$2.94T
| $278M | 0.72% |
1,113,000
-36,800
| -3% | -$8.1M |
|
|
20
PUT
VanEck Semiconductor ETF
SMH
$70.6B
| $257M | 0.67% |
671,600
-188,800
| -22% | -$75M |
|
21
CALL
iShares Bitcoin Trust
IBIT
$47.2B
| $257M | 0.67% |
6,040,600
+3,443,000
| +133% | +$149M |
|
|
22
CALL
Meta Platforms (Facebook)
META
$1.53T
| $220M | 0.57% |
383,900
-545,500
| -59% | -$350M |
|
|
23
PUT
Amazon
AMZN
$2.94T
| $216M | 0.56% |
863,500
-159,700
| -16% | -$35.2M |
|
24
PUT
iShares MSCI EAFE ETF
EFA
$79.9B
| $216M | 0.56% |
2,219,800
-107,800
| -5% | -$10.8M |
|
|
25
PUT
Alphabet (Google) Class A
GOOGL
$4.2T
| $195M | 0.51% |
677,400
-872,700
| -56% | -$274M |
|
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HF
Parallax Volatility Advisers's Q1 2026 Portfolio in Review
As of Q1 2026, Parallax Volatility Advisers held 1,949 positions worth $38.6B, down 24% from $50.7B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Parallax Volatility Advisers withdrew a net $11.5B in Q1 2026, closing 522 positions and reducing 597 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $161M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1% of assets, down from 1.3% a quarter earlier, followed by Financials and Energy.
Against the trend, Parallax Volatility Advisers opened a new position in NextEra Energy Inc 7.375% Corporate Units worth $182M.
- Parallax Volatility Advisers's largest Q1 2026 buy was NextEra Energy Inc 7.375% Corporate Units: 2,010,521 shares worth $182M.
- Parallax Volatility Advisers added most to State Street Financial Select Sector SPDR ETF in Q1 2026, an estimated $109M increase.
- Parallax Volatility Advisers's biggest Q1 2026 reduction was American Express, cutting an estimated $246M.
- Parallax Volatility Advisers fully exited iShares Russell 2000 ETF in Q1 2026, selling an estimated $161M.
- Parallax Volatility Advisers's ten largest holdings make up 43% of its $38.6B portfolio in Q1 2026.
- Parallax Volatility Advisers opened 355 new positions and closed 522 in Q1 2026.
- Parallax Volatility Advisers's portfolio value fell 24% quarter-over-quarter to $38.6B.
Based on Parallax Volatility Advisers's 13F filing for Q1 2026, filed 15 May 2026.