We are live on
!
Find out more
Parallax Volatility Advisers Portfolio holdings
AUM
$38.6B
1-Year Est. Return
45.89%
This Fund
S&P 500
This Quarter
Est. Return
+3.14%
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
$50.7B
AUM Growth
-$15.2B
(-23%)
Cap. Flow
-$16B
Cap. Flow
% of AUM
-31.47%
Top 10 Holdings %
Top 10 Hldgs %
39.98%
Holding
1,934
New
364
Increased
545
Reduced
471
Closed
329
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Express
AXP
|
+$263M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$154M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$90.9M |
| 4 |
Alibaba
BABA
|
+$47.6M |
| 5 |
Broadcom
AVGO
|
+$36.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$191M |
| 2 |
NVIDIA
NVDA
|
+$134M |
| 3 |
SPDR Gold Trust
GLD
|
+$80.5M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$65.2M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$49.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.29% |
| 2 | Financials | 1.28% |
| 3 | Consumer Discretionary | 0.7% |
| 4 | Industrials | 0.48% |
| 5 | Communication Services | 0.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
951
CALL
Western Alliance Bancorporation
WAL
$8.87B
| $1.77M | ﹤0.01% |
21,000
| – | – |
|
952
CALL
Teladoc Health
TDOC
$1.3B
| $1.75M | ﹤0.01% |
250,000
| – | – |
|
953
D-Wave Quantum Inc. Common Stock
QBTS
$7.73B
| $1.74M | ﹤0.01% |
66,686
-7,063
| -10% | -$206K |
|
|
CMA
954
PUT
DELISTED
Comerica
CMA
| $1.74M | ﹤0.01% |
20,000
| – | – |
|
955
Rockwell Automation
ROK
$49B
| $1.74M | ﹤0.01% |
4,468
-228
| -5% | -$85.7K |
|
956
CALL
Zoetis
ZTS
$30B
| $1.74M | ﹤0.01% |
13,800
| – | – |
|
957
CALL
Etsy
ETSY
$7.85B
| $1.71M | ﹤0.01% |
30,900
-48,800
| -61% | -$2.98M |
|
958
BP
BP
$107B
| $1.7M | ﹤0.01% |
48,942
+33,886
| +225% | +$1.19M |
|
959
AbbVie
ABBV
$435B
| $1.7M | ﹤0.01% |
7,435
-8,667
| -54% | -$1.97M |
|
960
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.51B
| $1.69M | ﹤0.01% |
13,376
+13,375
| +1,337,500% | +$1.73M |
|
961
VanEck Gold Miners ETF
GDX
$27.4B
| $1.69M | ﹤0.01% |
19,690
-101,459
| -84% | -$8.01M |
|
962
CALL
Domo
DOMO
$184M
| $1.69M | ﹤0.01% |
+200,000
| New | +$2.35M |
|
963
Cognizant
CTSH
$26B
| $1.68M | ﹤0.01% |
+20,243
| New | +$1.51M |
|
964
Unity
U
$18.9B
| $1.66M | ﹤0.01% |
37,628
-68,383
| -65% | -$2.79M |
|
965
State Street SPDR S&P Retail ETF
XRT
$327M
| $1.65M | ﹤0.01% |
19,361
-9,028
| -32% | -$758K |
|
966
CALL
GE HealthCare
GEHC
$32.4B
| $1.64M | ﹤0.01% |
20,000
| – | – |
|
967
PUT
Restaurant Brands International
QSR
$25.8B
| $1.64M | ﹤0.01% |
24,000
| – | – |
|
968
CALL
RingCentral
RNG
$5.28B
| $1.59M | ﹤0.01% |
55,000
| – | – |
|
969
CALL
Wheaton Precious Metals
WPM
$60.9B
| $1.59M | ﹤0.01% |
13,500
| – | – |
|
970
iShares MSCI Brazil ETF
EWZ
$8.95B
| $1.58M | ﹤0.01% |
+49,676
| New | +$1.57M |
|
971
Enphase Energy
ENPH
$5.53B
| $1.58M | ﹤0.01% |
49,237
+42,680
| +651% | +$1.38M |
|
972
CALL
Ulta Beauty
ULTA
$24.3B
| $1.57M | ﹤0.01% |
+2,600
| New | +$1.43M |
|
|
NNE
973
CALL
Nano Nuclear Energy
NNE
$1.01B
| $1.56M | ﹤0.01% |
65,000
-13,500
| -17% | -$517K |
|
974
Abbott
ABT
$187B
| $1.56M | ﹤0.01% |
12,444
-22,517
| -64% | -$2.87M |
|
975
KLA
KLAC
$259B
| $1.56M | ﹤0.01% |
12,810
-910
| -7% | -$107K |
|
Similar funds
HF
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 withdrew a net $16B in Q4 2025, closing 329 positions and reducing 471 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $191M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.3% of assets, down from 1.3% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Parallax Volatility Advisers opened a new position in American Express worth $272M.
- 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.