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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
CRON
1551
CALL
Cronos Group
CRON
$1.18B
$526 ﹤0.01%
200
– –
HON icon
1552
Honeywell
HON
$66B
$390 ﹤0.01%
2
-13,354
-100% -$2.61M
CSX icon
1553
CSX Corp
CSX
$90.8B
$290 ﹤0.01%
8
– –
WBD icon
1554
Warner Bros
WBD
$70.5B
$288 ﹤0.01%
10
– –
ABNB icon
1555
Airbnb
ABNB
$103B
$271 ﹤0.01%
2
-106,524
-100% -$13.3M
DNN icon
1556
PUT
Denison Mines
DNN
$3.03B
$266 ﹤0.01%
+100
New +$272
XLY icon
1557
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.1B
$239 ﹤0.01%
2
– –
PYPL icon
1558
PayPal
PYPL
$45.5B
$234 ﹤0.01%
4
-182,759
-100% -$11.9M
CSGP icon
1559
CoStar Group
CSGP
$12.3B
$134 ﹤0.01%
2
– –
EMR icon
1560
Emerson Electric
EMR
$84.9B
$133 ﹤0.01%
+1
New +$133
XBI icon
1561
State Street SPDR S&P Biotech ETF
XBI
$11.3B
$122 ﹤0.01%
1
-194,819
-100% -$22.3M
NFE icon
1562
PUT
New Fortress Energy
NFE
$73.7M
$114 ﹤0.01%
+100
New +$147
XME icon
1563
State Street SPDR S&P Metals & Mining ETF
XME
$4.92B
$104 ﹤0.01%
1
– –
XHB icon
1564
State Street SPDR S&P Homebuilders ETF
XHB
$1.38B
$103 ﹤0.01%
+1
New +$106
IYR icon
1565
iShares US Real Estate ETF
IYR
$4.32B
$94 ﹤0.01%
1
– –
KRE icon
1566
State Street SPDR S&P Regional Banking ETF
KRE
$4.29B
$65 ﹤0.01%
1
– –
URNM icon
1567
Sprott Uranium Miners ETF
URNM
$2.18B
$55 ﹤0.01%
+1
New +$58
XLF icon
1568
State Street Financial Select Sector SPDR ETF
XLF
$54.3B
$55 ﹤0.01%
1
– –
URA icon
1569
Global X Uranium ETF
URA
$6.65B
$43 ﹤0.01%
1
– –
BKLN icon
1570
Invesco Senior Loan ETF
BKLN
$6.77B
$21 ﹤0.01%
1
– –
ICLN icon
1571
iShares Global Clean Energy ETF
ICLN
$2.14B
$16 ﹤0.01%
+1
New +$17
AAPL icon
1572
Apple
AAPL
$4.61T
– –
-125,539
Closed -$33.7M
ABT icon
1573
CALL
Abbott
ABT
$183B
– –
-700
Closed -$93.8K
ADBE icon
1574
Adobe
ADBE
$102B
– –
-29,940
Closed -$10.2M
ADSK icon
1575
CALL
Autodesk
ADSK
$44.4B
– –
-3,200
Closed -$1.02M
61 62
63
64 65

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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.