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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
PAR icon
1951
CALL
PAR Technology
PAR
$726M
– –
-75,000
Closed -$5.45M
PARA
1952
CALL
DELISTED
Paramount Global Class B
PARA
– –
-421,700
Closed -$4.41M
PAYO icon
1953
PUT
Payoneer
PAYO
$2.41B
– –
-60,000
Closed -$602K
PAYX icon
1954
PUT
Paychex
PAYX
$40.9B
– –
-17,500
Closed -$2.45M
PBF icon
1955
CALL
PBF Energy
PBF
$9.18B
– –
-25,000
Closed -$664K
PBR icon
1956
CALL
Petrobras
PBR
$138B
– –
-2,000
Closed -$25.7K
PBR icon
1957
Petrobras
PBR
$138B
– –
-588,625
Closed -$7.57M
PBR icon
1958
PUT
Petrobras
PBR
$138B
– –
-1,000,000
Closed -$12.9M
PCAR icon
1959
CALL
PACCAR
PCAR
$64.2B
– –
-2,600
Closed -$270K
PCRX icon
1960
CALL
Pacira BioSciences
PCRX
$1.01B
– –
-3,100
Closed -$58.4K
PCRX icon
1961
Pacira BioSciences
PCRX
$1.01B
– –
-5,357
Closed -$101K
PCRX icon
1962
PUT
Pacira BioSciences
PCRX
$1.01B
– –
-22,500
Closed -$424K
PCVX icon
1963
CALL
Vaxcyte
PCVX
$8.79B
– –
-72,000
Closed -$5.89M
PCVX icon
1964
Vaxcyte
PCVX
$8.79B
– –
-20
Closed -$1.64K
PEG icon
1965
Public Service Enterprise Group
PEG
$36.2B
– –
-9,478
Closed -$791K
PGR icon
1966
Progressive
PGR
$125B
– –
-215,579
Closed -$56.4M
PHR icon
1967
CALL
Phreesia
PHR
$630M
– –
-18,700
Closed -$470K
PINS icon
1968
PUT
Pinterest
PINS
$10.6B
– –
-50,000
Closed -$1.45M
PIPR icon
1969
CALL
Piper Sandler
PIPR
$5.37B
– –
-400
Closed -$30K
PIPR icon
1970
Piper Sandler
PIPR
$5.37B
– –
-84,184
Closed -$6.31M
PIPR icon
1971
PUT
Piper Sandler
PIPR
$5.37B
– –
-46,400
Closed -$3.48M
PLAY icon
1972
Dave & Buster's
PLAY
$286M
– –
-7,441
Closed -$217K
PM icon
1973
PUT
Philip Morris
PM
$295B
– –
-125,000
Closed -$15M
PNC icon
1974
CALL
PNC Financial Services
PNC
$96.5B
– –
-10,600
Closed -$2.04M
PNC icon
1975
PNC Financial Services
PNC
$96.5B
– –
-33,274
Closed -$6.28M
77 78
79
80 81

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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.