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Parallax Volatility Advisers

Parallax Volatility Advisers Portfolio holdings

AUM $58.9B
1-Year Est. Return 51.73%
This Fund
S&P 500
This Quarter Est. Return
+3.14%
1 Year Est. Return
+51.73%
3 Year Est. Return
+168.58%
5 Year Est. Return
+213.54%
10 Year Est. Return
+865.31%
AUM
$50.7B
AUM Growth
-$15.2B
Cap. Flow
-$465M
Cap. Flow %
-0.92%
Top 10 Hldgs %
39.98%
Holding
1,934
New
364
Increased
545
Reduced
471
Closed
329

Top Buys

Rank Stock Value
1
AXP icon
American Express
AXP
+$263M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$154M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$90.9M
4
BABA icon
Alibaba
BABA
+$47.6M
5
AVGO icon
Broadcom
AVGO
+$36.4M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$191M
2
NVDA icon
NVIDIA
NVDA
+$134M
3
GLD icon
SPDR Gold Trust
GLD
+$80.5M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$65.2M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$49.8M

Sector Composition

Rank Sector Weight
1 Miscellaneous 95.43%
2 Technology 1.29%
3 Financials 1.28%
4 Consumer Discretionary 0.7%
5 Industrials 0.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TD icon
376
CALL
Toronto Dominion Bank
TD
$197B
$13.7M 0.03%
145,000
– –
RIOT icon
377
PUT
Riot Platforms
RIOT
$8.35B
$13.6M 0.03%
1,076,200
+308,300
+40% +$5.27M
UBER icon
378
Uber
UBER
$149B
$13.5M 0.03%
+165,504
New +$14.9M
NEM icon
379
Newmont
NEM
$134B
$13.5M 0.03%
+135,291
New +$12.2M
ETHA
380
iShares Ethereum Trust ETF
ETHA
$8.63B
$13.4M 0.03%
+599,615
New +$15.7M
PANW icon
381
Palo Alto Networks
PANW
$275B
$13.4M 0.03%
72,963
+67,655
+1,275% +$13.6M
VRT icon
382
Vertiv
VRT
$112B
$13.4M 0.03%
+82,850
New +$14.4M
CSCO icon
383
Cisco
CSCO
$430B
$13.2M 0.03%
+171,162
New +$12.7M
NOW icon
384
CALL
ServiceNow
NOW
$139B
$13M 0.03%
+85,000
New +$14.6M
STT icon
385
State Street
STT
$52.7B
$12.9M 0.03%
99,859
+72,359
+263% +$8.66M
MRVL icon
386
CALL
Marvell Technology
MRVL
$203B
$12.9M 0.03%
151,500
+51,600
+52% +$4.52M
BAC icon
387
Bank of America
BAC
$436B
$12.8M 0.03%
232,225
-443,147
-66% -$23.4M
SOXX icon
388
CALL
iShares Semiconductor ETF
SOXX
$43.5B
$12.8M 0.03%
42,400
+16,800
+66% +$4.95M
HOOD icon
389
Robinhood
HOOD
$105B
$12.7M 0.03%
112,398
+42,667
+61% +$5.55M
WM icon
390
CALL
Waste Management
WM
$87B
$12.6M 0.02%
57,500
– –
ARKK icon
391
CALL
ARK Innovation ETF
ARKK
$6.43B
$12.6M 0.02%
163,300
+64,800
+66% +$5.37M
PNC icon
392
PUT
PNC Financial Services
PNC
$96.9B
$12.5M 0.02%
60,000
– –
ANET icon
393
CALL
Arista Networks
ANET
$246B
$12.5M 0.02%
95,100
-23,000
-19% -$3.17M
CLMT icon
394
PUT
Calumet Specialty Products
CLMT
$4.74B
$12.4M 0.02%
+625,000
New +$12M
MO icon
395
PUT
Altria Group
MO
$114B
$12.4M 0.02%
214,500
+122,000
+132% +$7.37M
SCHW
396
CALL
Charles Schwab
SCHW
$185B
$12.3M 0.02%
123,000
-47,400
-28% -$4.5M
JCI icon
397
CALL
Johnson Controls International
JCI
$88.7B
$12.2M 0.02%
102,200
-170,000
-62% -$19.5M
WMT icon
398
Walmart Inc
WMT
$841B
$12.2M 0.02%
109,821
+51,439
+88% +$5.52M
WYNN icon
399
CALL
Wynn Resorts
WYNN
$9.5B
$12M 0.02%
+99,500
New +$12.3M
WYNN icon
400
PUT
Wynn Resorts
WYNN
$9.5B
$12M 0.02%
99,500
– –
14 15
16
17 18

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Parallax Volatility Advisers's Q4 2025 Portfolio in Review

As of Q4 2025, Parallax Volatility Advisers held 1,934 positions worth $50.7B, down 23% from $65.9B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Parallax Volatility Advisers's Q4 2025 filing shows 364 new, 545 increased, 471 reduced and 329 closed positions. Its largest new stake was American Express: 733,883 shares worth $272M. The largest sale was Meta Platforms (Facebook), an estimated $191M.

By sector, the portfolio is most concentrated in Miscellaneous at 95% of assets, down from 96% a quarter earlier, followed by Technology and Financials.

  • Parallax Volatility Advisers's largest Q4 2025 buy was American Express: 733,883 shares worth $272M.
  • Parallax Volatility Advisers added most to Alibaba in Q4 2025, an estimated $47.6M increase.
  • Parallax Volatility Advisers's biggest Q4 2025 reduction was SPDR Gold Trust, cutting an estimated $80.5M.
  • Parallax Volatility Advisers fully exited Meta Platforms (Facebook) in Q4 2025, selling an estimated $191M.
  • Parallax Volatility Advisers's ten largest holdings make up 40% of its $50.7B portfolio in Q4 2025.
  • Parallax Volatility Advisers opened 364 new positions and closed 329 in Q4 2025.
  • Parallax Volatility Advisers's portfolio value fell 23% quarter-over-quarter to $50.7B.

Based on Parallax Volatility Advisers's 13F filing for Q4 2025, filed 17 Feb 2026.