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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
STT icon
1051
CALL
State Street
STT
$52.7B
$1.11M ﹤0.01%
8,600
-559,400
-98% -$67M
OPEN icon
1052
PUT
Opendoor
OPEN
$2.98B
$1.1M ﹤0.01%
189,200
+39,367
+26% +$282K
LATAU
1053
Galata Acquisition Corp. II Units
LATAU
$155M
$1.09M ﹤0.01%
+108,534
New +$1.09M
WHR icon
1054
CALL
Whirlpool
WHR
$2.45B
$1.09M ﹤0.01%
15,100
– –
STLA icon
1055
CALL
Stellantis
STLA
$15.6B
$1.09M ﹤0.01%
100,000
– –
NBR icon
1056
Nabors Industries
NBR
$1.4B
$1.09M ﹤0.01%
20,000
+2,012
+11% +$98.1K
PRU icon
1057
CALL
Prudential Financial
PRU
$41.2B
$1.07M ﹤0.01%
9,500
-35,700
-79% -$3.83M
AGNC icon
1058
CALL
AGNC Investment
AGNC
$12.7B
$1.07M ﹤0.01%
100,000
– –
OZK icon
1059
Bank OZK
OZK
$5.37B
$1.07M ﹤0.01%
+23,290
New +$1.09M
CRH icon
1060
CRH
CRH
$60.3B
$1.07M ﹤0.01%
+8,568
New +$1.02M
TER icon
1061
Teradyne
TER
$58.2B
$1.06M ﹤0.01%
5,478
+2,427
+80% +$416K
ATEC icon
1062
CALL
Alphatec Holdings
ATEC
$1.42B
$1.05M ﹤0.01%
50,000
– –
WMB icon
1063
PUT
Williams Companies
WMB
$92.8B
$1.05M ﹤0.01%
17,500
-60,000
-77% -$3.63M
QUBT icon
1064
PUT
Quantum Computing Inc
QUBT
$1.86B
$1.05M ﹤0.01%
+102,500
New +$1.46M
BUD icon
1065
AB InBev
BUD
$157B
$1.05M ﹤0.01%
+16,389
New +$1.02M
Q
1066
Qnity Electronics Inc
Q
$25.8B
$1.05M ﹤0.01%
+12,821
New +$1.09M
ARES icon
1067
Ares Management
ARES
$31.3B
$1.04M ﹤0.01%
+6,459
New +$1.01M
BP icon
1068
CALL
BP
BP
$116B
$1.04M ﹤0.01%
30,000
-36,300
-55% -$1.27M
BTU icon
1069
CALL
Peabody Energy
BTU
$3.59B
$1.04M ﹤0.01%
35,000
-19,500
-36% -$573K
PAYC icon
1070
Paycom
PAYC
$9.88B
$1.04M ﹤0.01%
6,509
+5,156
+381% +$914K
ZTS icon
1071
Zoetis
ZTS
$30.4B
$1.04M ﹤0.01%
+8,231
New +$1.07M
UPWK icon
1072
Upwork
UPWK
$1.04B
$1.03M ﹤0.01%
51,900
+652
+1% +$12K
NNE
1073
PUT
Nano Nuclear Energy
NNE
$1.04B
$1.03M ﹤0.01%
42,700
-144,200
-77% -$5.52M
MAR icon
1074
PUT
Marriott International
MAR
$85.7B
$1.02M ﹤0.01%
+3,300
New +$943K
EA
1075
PUT
DELISTED
Electronic Arts
EA
$1.02M ﹤0.01%
5,000
– –
41 42
43
44 45

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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.