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Parallax Volatility Advisers

Parallax Volatility Advisers Portfolio holdings

AUM $38.6B
1-Year Est. Return 45.89%
This Fund
S&P 500
This Quarter Est. Return
+2.87%
1 Year Est. Return
+45.89%
3 Year Est. Return
+130.57%
5 Year Est. Return
+159.2%
10 Year Est. Return
+646.93%
AUM
$38.6B
AUM Growth
-$12.1B
Cap. Flow
-$11.5B
Cap. Flow %
-29.81%
Top 10 Hldgs %
42.79%
Holding
1,949
New
355
Increased
391
Reduced
597
Closed
522

Top Buys

Rank Stock Value
1
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$109M
2
NEE.PRV
NextEra Energy Inc 7.375% Corporate Units
NEE.PRV
+$100M
3
AAPL icon
Apple
AAPL
+$80.6M
4
ORCL.PRD
Oracle Corp Preferred Stock Series D
ORCL.PRD
+$49.3M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$36M

Top Sells

Rank Stock Value
1
AXP icon
American Express
AXP
+$246M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$161M
3
GLD icon
SPDR Gold Trust
GLD
+$146M
4
TSLA icon
Tesla
TSLA
+$128M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$91.4M

Sector Composition

Rank Sector Weight
1 Technology 1.04%
2 Financials 0.82%
3 Energy 0.43%
4 Consumer Discretionary 0.37%
5 Industrials 0.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBM icon
51
PUT
IBM
IBM
$215B
$121M 0.31%
500,500
+164,400
+49% +$44.5M
XOP icon
52
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.53B
$120M 0.31%
726,300
+649,700
+848% +$97.9M
TSM icon
53
PUT
TSMC
TSM
$1.97T
$117M 0.3%
346,200
-651,800
-65% -$224M
KRE icon
54
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.52B
$117M 0.3%
1,673,200
-251,700
-13% -$17M
COIN icon
55
PUT
Coinbase
COIN
$43.3B
$112M 0.29%
573,200
-440,900
-43% -$86.8M
CRWV
56
CALL
CoreWeave
CRWV
$34.4B
$111M 0.29%
960,200
-580,500
-38% -$50.4M
MSTR icon
57
CALL
Strategy Inc
MSTR
$35.1B
$110M 0.29%
670,900
+127,600
+23% +$18.2M
XOM icon
58
CALL
ExxonMobil
XOM
$652B
$109M 0.28%
732,100
-161,800
-18% -$23.6M
EFA icon
59
CALL
iShares MSCI EAFE ETF
EFA
$76.5B
$107M 0.28%
1,103,500
+15,600
+1% +$1.56M
CVX icon
60
CALL
Chevron
CVX
$383B
$107M 0.28%
575,100
+436,000
+313% +$79.5M
BRK.B icon
61
CALL
Berkshire Hathaway Class B
BRK.B
$1.1T
$106M 0.28%
222,200
-103,000
-32% -$50.6M
BRK.B icon
62
PUT
Berkshire Hathaway Class B
BRK.B
$1.1T
$106M 0.28%
222,200
-51,900
-19% -$25.5M
XLF icon
63
State Street Financial Select Sector SPDR ETF
XLF
$56.9B
$104M 0.27%
2,082,579
+2,082,578
+208,257,800% +$109M
SPOT icon
64
PUT
Spotify
SPOT
$107B
$104M 0.27%
199,400
– –
AMD icon
65
CALL
Advanced Micro Devices
AMD
$713B
$101M 0.26%
494,600
+232,100
+88% +$49.6M
MSFT icon
66
PUT
Microsoft
MSFT
$2.94T
$99.6M 0.26%
269,100
-274,600
-51% -$115M
EEM icon
67
CALL
iShares MSCI Emerging Markets ETF
EEM
$27.6B
$98.9M 0.26%
1,741,500
-1,447,300
-45% -$85.1M
EAT icon
68
PUT
Brinker International
EAT
$8.85B
$98M 0.25%
686,400
+52,600
+8% +$8.01M
COST icon
69
PUT
Costco
COST
$432B
$97.2M 0.25%
96,600
+57,300
+146% +$55.8M
NFLX icon
70
PUT
Netflix
NFLX
$303B
$95.9M 0.25%
1,035,700
-903,500
-47% -$79.6M
C icon
71
CALL
Citigroup
C
$216B
$95.5M 0.25%
725,600
-511,700
-41% -$58.3M
TPR icon
72
PUT
Tapestry
TPR
$30.2B
$95.1M 0.25%
631,900
+14,300
+2% +$2.03M
XLE icon
73
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.1B
$89.7M 0.23%
1,605,500
-538,500
-25% -$28.9M
GDX icon
74
CALL
VanEck Gold Miners ETF
GDX
$22.5B
$88.5M 0.23%
951,900
+524,100
+123% +$51.6M
TTWO icon
75
PUT
Take-Two Interactive
TTWO
$46.3B
$86.4M 0.22%
437,300
-193,800
-31% -$42.1M
1 2
3
4 5

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Credit Agricole
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Carson Wealth (CWM LLC)
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Fayez Sarofim & Co
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Grantham, Mayo, Van Otterloo & Co (GMO)
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Nomura Holdings
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KBC Group
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Parallax Volatility Advisers's Q1 2026 Portfolio in Review

As of Q1 2026, Parallax Volatility Advisers held 1,949 positions worth $38.6B, down 24% from $50.7B the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Parallax Volatility Advisers withdrew a net $11.5B in Q1 2026, closing 522 positions and reducing 597 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $161M position sold in full.

By sector, the portfolio is most concentrated in Technology at 1% of assets, down from 1.3% a quarter earlier, followed by Financials and Energy.

Against the trend, Parallax Volatility Advisers opened a new position in NextEra Energy Inc 7.375% Corporate Units worth $182M.

  • Parallax Volatility Advisers's largest Q1 2026 buy was NextEra Energy Inc 7.375% Corporate Units: 2,010,521 shares worth $182M.
  • Parallax Volatility Advisers added most to State Street Financial Select Sector SPDR ETF in Q1 2026, an estimated $109M increase.
  • Parallax Volatility Advisers's biggest Q1 2026 reduction was American Express, cutting an estimated $246M.
  • Parallax Volatility Advisers fully exited iShares Russell 2000 ETF in Q1 2026, selling an estimated $161M.
  • Parallax Volatility Advisers's ten largest holdings make up 43% of its $38.6B portfolio in Q1 2026.
  • Parallax Volatility Advisers opened 355 new positions and closed 522 in Q1 2026.
  • Parallax Volatility Advisers's portfolio value fell 24% quarter-over-quarter to $38.6B.

Based on Parallax Volatility Advisers's 13F filing for Q1 2026, filed 15 May 2026.