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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
-5.77%
1 Year Est. Return
+45.89%
3 Year Est. Return
+130.56%
5 Year Est. Return
+159.19%
10 Year Est. Return
+649.1%
AUM
$36.9B
AUM Growth
-$14.6B
Cap. Flow
-$12.3B
Cap. Flow %
-33.2%
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 Technology 2.6%
2 Consumer Discretionary 0.92%
3 Financials 0.88%
4 Industrials 0.64%
5 Communication Services 0.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
51
PUT
Alibaba
BABA
$304B
$129M 0.35%
973,200
+88,400
+10% +$10.2M
ABNB icon
52
PUT
Airbnb
ABNB
$90B
$128M 0.35%
1,069,200
-236,300
-18% -$31.7M
AMD icon
53
PUT
Advanced Micro Devices
AMD
$799B
$125M 0.34%
1,212,100
-694,400
-36% -$77.2M
RCL icon
54
PUT
Royal Caribbean
RCL
$85.7B
$119M 0.32%
580,600
-599,000
-51% -$141M
HYG icon
55
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
$116M 0.31%
1,468,200
-14,900
-1% -$1.18M
LLY icon
56
PUT
Eli Lilly
LLY
$1.06T
$114M 0.31%
138,000
-123,600
-47% -$103M
C icon
57
CALL
Citigroup
C
$224B
$110M 0.3%
1,546,500
-2,792,300
-64% -$213M
XLI icon
58
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.6B
$110M 0.3%
836,500
+400,600
+92% +$54.1M
RCL icon
59
CALL
Royal Caribbean
RCL
$85.7B
$108M 0.29%
526,200
+31,900
+6% +$7.53M
WFC icon
60
CALL
Wells Fargo
WFC
$265B
$108M 0.29%
1,500,600
-2,396,100
-61% -$180M
GS icon
61
PUT
Goldman Sachs
GS
$301B
$104M 0.28%
190,100
-103,500
-35% -$62.3M
BKNG icon
62
PUT
Booking.com
BKNG
$156B
$104M 0.28%
562,500
+155,000
+38% +$29.6M
QCOM icon
63
PUT
Qualcomm
QCOM
$168B
$101M 0.27%
658,500
-165,700
-20% -$27M
AAL icon
64
PUT
American Airlines Group
AAL
$10.6B
$99.6M 0.27%
9,438,400
-692,900
-7% -$10.4M
GOOGL icon
65
PUT
Alphabet (Google) Class A
GOOGL
$4.38T
$98.2M 0.27%
634,700
-631,800
-50% -$115M
XLE icon
66
CALL
State Street Energy Select Sector SPDR ETF
XLE
$38.1B
$97.9M 0.27%
2,095,600
-652,400
-24% -$29.4M
BAC icon
67
CALL
Bank of America
BAC
$441B
$96.8M 0.26%
2,319,800
-2,733,700
-54% -$122M
ARM icon
68
PUT
Arm
ARM
$306B
$96.6M 0.26%
904,500
-452,300
-33% -$63.1M
PDD icon
69
CALL
Pinduoduo
PDD
$129B
$95.5M 0.26%
807,300
-447,500
-36% -$51.4M
EFA icon
70
CALL
iShares MSCI EAFE ETF
EFA
$79.4B
$94.7M 0.26%
1,158,700
+1,126,300
+3,476% +$90.8M
XYZ
71
PUT
Block Inc
XYZ
$47.5B
$93.9M 0.25%
1,728,300
-840,300
-33% -$62.7M
MU icon
72
PUT
Micron Technology
MU
$996B
$92.4M 0.25%
1,062,900
+8,700
+0.8% +$836K
ARM icon
73
CALL
Arm
ARM
$306B
$92M 0.25%
861,200
+144,200
+20% +$20.1M
GE icon
74
CALL
GE Aerospace
GE
$389B
$91.2M 0.25%
455,800
+335,800
+280% +$66.1M
AMT icon
75
CALL
American Tower
AMT
$79.8B
$90.5M 0.25%
415,700
+403,200
+3,226% +$79.1M
1 2
3
4 5

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Nomura Asset Management
Nomura Asset Management Tokyo, Japan $38.8B AUM 30.94% 1-Year Est. Return
Credit Agricole
Credit Agricole Montrouge Cedex, France $38.1B AUM
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC) Omaha, Nebraska $38.1B AUM 19.66% 1-Year Est. Return
Fayez Sarofim & Co
Fayez Sarofim & Co Houston, Texas $39.1B AUM 15.14% 1-Year Est. Return
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts $39.1B AUM 28.69% 1-Year Est. Return
Nomura Holdings
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HF
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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 $12.3B 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 Technology at 2.6% of assets, up from 1.8% a quarter earlier, followed by Consumer Discretionary and Financials.

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.