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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
-5.77%
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
$36.9B
AUM Growth
-$14.6B
Cap. Flow
-$1.54B
Cap. Flow %
-4.18%
Top 10 Hldgs %
34.8%
Holding
2,248
New
267
Increased
417
Reduced
704
Closed
731

Top Buys

Rank Stock Value
1
TSM icon
TSMC
TSM
+$119M
2
V icon
Visa
V
+$49.6M
3
DAL icon
Delta Air Lines
DAL
+$41.9M
4
AVGO icon
Broadcom
AVGO
+$40.4M
5
ETSY icon
Etsy
ETSY
+$39.3M

Top Sells

Rank Stock Value
1
GE icon
GE Aerospace
GE
+$172M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$93.4M
3
AXP icon
American Express
AXP
+$84.7M
4
IWM icon
iShares Russell 2000 ETF
IWM
+$76.5M
5
NVDA icon
NVIDIA
NVDA
+$76M

Sector Composition

Rank Sector Weight
1 Miscellaneous 93.64%
2 Technology 2.6%
3 Consumer Discretionary 0.92%
4 Financials 0.88%
5 Industrials 0.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
151
Microsoft
MSFT
$3.65T
$42.1M 0.11%
112,102
+78,885
+237% +$32.2M
KO icon
152
CALL
Coca-Cola
KO
$377B
$41.7M 0.11%
582,100
+417,000
+253% +$27.8M
AMAT icon
153
PUT
Applied Materials
AMAT
$372B
$41.6M 0.11%
286,700
+156,400
+120% +$26.3M
SMH icon
154
VanEck Semiconductor ETF
SMH
$69.9B
$41.3M 0.11%
195,378
+132,659
+212% +$31.8M
SCHW
155
CALL
Charles Schwab
SCHW
$184B
$41.2M 0.11%
526,700
-773,400
-59% -$60.7M
SE icon
156
PUT
Sea Limited
SE
$66.6B
$41.1M 0.11%
315,000
+39,400
+14% +$4.89M
CSCO icon
157
PUT
Cisco
CSCO
$431B
$40.7M 0.11%
659,400
+119,900
+22% +$7.38M
SLV icon
158
CALL
iShares Silver Trust
SLV
$32.7B
$40.4M 0.11%
1,302,900
-291,500
-18% -$8.47M
PYPL icon
159
PayPal
PYPL
$44.6B
$40.2M 0.11%
616,181
+290,255
+89% +$22.6M
EWZ icon
160
PUT
iShares MSCI Brazil ETF
EWZ
$8.67B
$40.1M 0.11%
1,550,000
-840,200
-35% -$20.9M
TMUS icon
161
PUT
T-Mobile US
TMUS
$190B
$39.8M 0.11%
149,100
+18,300
+14% +$4.51M
KWEB icon
162
CALL
KraneShares CSI China Internet ETF
KWEB
$4.78B
$39.1M 0.11%
1,118,900
-1,380,200
-55% -$45.7M
CRWD icon
163
CrowdStrike
CRWD
$213B
$38.8M 0.11%
440,088
+324,648
+281% +$30.9M
EWZ icon
164
CALL
iShares MSCI Brazil ETF
EWZ
$8.67B
$38.8M 0.11%
1,500,000
+1,279,300
+580% +$31.9M
XLV icon
165
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$38.8M 0.11%
265,400
-575,500
-68% -$83.6M
HOOD icon
166
PUT
Robinhood
HOOD
$104B
$38.7M 0.1%
930,100
-956,200
-51% -$45.5M
TPR icon
167
PUT
Tapestry
TPR
$22.7B
$38.6M 0.1%
547,600
-164,100
-23% -$12.4M
ABBV icon
168
CALL
AbbVie
ABBV
$443B
$38M 0.1%
181,400
-121,000
-40% -$23.5M
ITW icon
169
CALL
Illinois Tool Works
ITW
$75.2B
$37.8M 0.1%
+152,600
New +$39.2M
ETSY icon
170
Etsy
ETSY
$6.53B
$37.4M 0.1%
792,043
+767,113
+3,077% +$39.3M
AFRM icon
171
PUT
Affirm
AFRM
$23B
$37.2M 0.1%
824,200
-879,000
-52% -$52.1M
GDX icon
172
PUT
VanEck Gold Miners ETF
GDX
$30.2B
$36.8M 0.1%
800,800
-23,600
-3% -$954K
APP icon
173
PUT
Applovin
APP
$102B
$36.5M 0.1%
137,800
+30,200
+28% +$10.4M
HD icon
174
PUT
Home Depot
HD
$310B
$36.4M 0.1%
99,300
-59,100
-37% -$23M
BABA icon
175
CALL
Alibaba
BABA
$272B
$36.4M 0.1%
275,200
-196,100
-42% -$22.6M
5 6
7
8 9

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Parallax Volatility Advisers's Q1 2025 Portfolio in Review

As of Q1 2025, Parallax Volatility Advisers held 2,248 positions worth $36.9B, down 28% from $51.6B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Parallax Volatility Advisers withdrew a net $1.54B in Q1 2025, closing 731 positions and reducing 704 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $93.4M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, up from 94% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Parallax Volatility Advisers opened a new position in Visa worth $51.3M.

  • Parallax Volatility Advisers's largest Q1 2025 buy was Visa: 146,472 shares worth $51.3M.
  • Parallax Volatility Advisers added most to TSMC in Q1 2025, an estimated $119M increase.
  • Parallax Volatility Advisers's biggest Q1 2025 reduction was GE Aerospace, cutting an estimated $172M.
  • Parallax Volatility Advisers fully exited Invesco QQQ Trust in Q1 2025, selling an estimated $93.4M.
  • Parallax Volatility Advisers's ten largest holdings make up 35% of its $36.9B portfolio in Q1 2025.
  • Parallax Volatility Advisers opened 267 new positions and closed 731 in Q1 2025.
  • Parallax Volatility Advisers's portfolio value fell 28% quarter-over-quarter to $36.9B.

Based on Parallax Volatility Advisers's 13F filing for Q1 2025, filed 15 May 2025.