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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
(-24%)
Cap. Flow
-$11.5B
Cap. Flow
% of AUM
-29.81%
Top 10 Holdings %
Top 10 Hldgs %
42.79%
Holding
1,949
New
355
Increased
391
Reduced
597
Closed
522
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$109M |
| 2 |
NEE.PRV
NextEra Energy Inc 7.375% Corporate Units
NEE.PRV
|
+$100M |
| 3 |
Apple
AAPL
|
+$80.6M |
| 4 |
ORCL.PRD
Oracle Corp Preferred Stock Series D
ORCL.PRD
|
+$49.3M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Express
AXP
|
+$246M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$161M |
| 3 |
SPDR Gold Trust
GLD
|
+$146M |
| 4 |
Tesla
TSLA
|
+$128M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
76
PUT
Uber
UBER
$144B
| $86.3M | 0.22% |
1,117,100
-1,084,300
| -49% | -$83.5M |
|
|
77
CALL
American Express
AXP
$227B
| $85.8M | 0.22% |
260,200
-100,700
| -28% | -$33.8M |
|
|
78
CALL
Alphabet (Google) Class A
GOOGL
$4.12T
| $81.5M | 0.21% |
283,500
-642,400
| -69% | -$202M |
|
79
CALL
Apollo Global Management
APO
$70B
| $80.2M | 0.21% |
629,900
-833,600
| -57% | -$103M |
|
|
80
Apple
AAPL
$5.03T
| $78.6M | 0.2% |
+309,616
| New | +$80.6M |
|
81
PUT
Live Nation Entertainment
LYV
$42.2B
| $75M | 0.19% |
488,700
+125,000
| +34% | +$18.9M |
|
82
PUT
Datadog
DDOG
$94.5B
| $73.1M | 0.19% |
619,000
+181,600
| +42% | +$22.4M |
|
83
CALL
Goldman Sachs
GS
$295B
| $71.6M | 0.19% |
77,300
-9,900
| -11% | -$8.83M |
|
84
PUT
Walmart Inc
WMT
$905B
| $69.6M | 0.18% |
536,700
-71,600
| -12% | -$8.79M |
|
85
PUT
Intel
INTC
$423B
| $69.5M | 0.18% |
1,575,400
+128,000
| +9% | +$5.87M |
|
86
CALL
Freeport-McMoran
FCX
$85.9B
| $69.4M | 0.18% |
1,026,500
-79,200
| -7% | -$4.79M |
|
87
PUT
EQT Corp
EQT
$32.9B
| $67.8M | 0.18% |
1,189,900
+932,200
| +362% | +$54.6M |
|
88
CALL
TeraWulf
WULF
$7.88B
| $67.7M | 0.18% |
3,421,900
-1,699,100
| -33% | -$25.2M |
|
|
EXE
89
PUT
Expand Energy Corp
EXE
$22.1B
| $67.4M | 0.17% |
715,000
+687,600
| +2,509% | +$73.4M |
|
90
CALL
Delta Air Lines
DAL
$57.5B
| $67.4M | 0.17% |
959,500
+179,000
| +23% | +$12.1M |
|
|
91
CALL
Apple
AAPL
$5.03T
| $65.6M | 0.17% |
258,600
-421,700
| -62% | -$110M |
|
|
92
PUT
Goldman Sachs
GS
$295B
| $65.3M | 0.17% |
70,500
-25,500
| -27% | -$22.7M |
|
93
CALL
Royal Caribbean
RCL
$87.9B
| $64.5M | 0.17% |
237,700
-104,300
| -30% | -$31.1M |
|
|
94
PUT
Delta Air Lines
DAL
$57.5B
| $64.3M | 0.17% |
916,200
-280,800
| -23% | -$18.9M |
|
95
PUT
ConocoPhillips
COP
$144B
| $64.1M | 0.17% |
533,200
+363,400
| +214% | +$40.2M |
|
|
96
CALL
Walmart Inc
WMT
$905B
| $64M | 0.17% |
493,800
-113,000
| -19% | -$13.9M |
|
|
97
PUT
Freeport-McMoran
FCX
$85.9B
| $62.1M | 0.16% |
918,500
+34,600
| +4% | +$2.09M |
|
98
PUT
Palantir
PLTR
$300B
| $60.7M | 0.16% |
414,700
-76,600
| -16% | -$11.7M |
|
99
CALL
Bank of America
BAC
$435B
| $60.4M | 0.16% |
1,128,900
-994,500
| -47% | -$51.3M |
|
100
PUT
United Airlines
UAL
$39.5B
| $59.6M | 0.15% |
613,300
-463,500
| -43% | -$48.6M |
|
Similar funds
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.