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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
HUM icon
1351
Humana
HUM
$48.4B
$199K ﹤0.01%
775
-15,039
-95% -$3.94M
FMC icon
1352
FMC
FMC
$1.6B
$194K ﹤0.01%
+13,955
New +$266K
DEFT
1353
CALL
Defi Technologies
DEFT
$241M
$194K ﹤0.01%
+256,500
New +$392K
WDAY icon
1354
PUT
Workday
WDAY
$44.9B
$193K ﹤0.01%
900
-9,100
-91% -$2.07M
CYTK icon
1355
Cytokinetics
CYTK
$10.5B
$193K ﹤0.01%
3,039
+130
+4% +$8.09K
EL icon
1356
Estee Lauder
EL
$36.8B
$192K ﹤0.01%
+1,829
New +$177K
PCAR icon
1357
PACCAR
PCAR
$64.5B
$186K ﹤0.01%
+1,699
New +$174K
EME icon
1358
PUT
Emcor
EME
$34.1B
$184K ﹤0.01%
+300
New +$194K
ENB icon
1359
Enbridge
ENB
$110B
$180K ﹤0.01%
3,756
-22,234
-86% -$1.06M
DKS icon
1360
CALL
Dick's Sporting Goods
DKS
$11.8B
$178K ﹤0.01%
900
-5,900
-87% -$1.29M
PAAS icon
1361
PUT
Pan American Silver
PAAS
$21.1B
$176K ﹤0.01%
3,400
-100
-3% -$4.19K
FRMM
1362
PUT
Forum Markets
FRMM
$64M
$175K ﹤0.01%
+35,800
New +$505K
SPOT icon
1363
CALL
Spotify
SPOT
$109B
$174K ﹤0.01%
300
-1,200
-80% -$750K
PHIN icon
1364
Phinia Inc
PHIN
$2.49B
$172K ﹤0.01%
+2,738
New +$151K
EU
1365
enCore Energy
EU
$241M
$169K ﹤0.01%
68,008
-2,342
-3% -$6.69K
CTSH icon
1366
PUT
Cognizant
CTSH
$27B
$166K ﹤0.01%
+2,000
New +$150K
PMTRU
1367
Perimeter Acquisition Corp I Unit
PMTRU
$200M
$164K ﹤0.01%
15,478
– –
BMO icon
1368
Bank of Montreal
BMO
$122B
$162K ﹤0.01%
+1,250
New +$158K
ROST icon
1369
CALL
Ross Stores
ROST
$73.3B
$162K ﹤0.01%
+900
New +$150K
P
1370
PUT
Everpure Inc
P
$33.6B
$161K ﹤0.01%
+2,400
New +$200K
APXTW
1371
Apex Treasury Corp Warrants
APXTW
$5.17M
$159K ﹤0.01%
+573,116
New +$174K
UMC icon
1372
PUT
United Microelectronic
UMC
$54.7B
$157K ﹤0.01%
20,000
– –
P
1373
Everpure Inc
P
$33.6B
$156K ﹤0.01%
2,326
-5,874
-72% -$491K
AJG icon
1374
PUT
Arthur J. Gallagher & Co
AJG
$64.5B
$155K ﹤0.01%
+600
New +$159K
ADP icon
1375
PUT
Automatic Data Processing
ADP
$106B
$154K ﹤0.01%
+600
New +$160K
53 54
55
56 57

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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.