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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
-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
(-28%)
Cap. Flow
-$12.3B
Cap. Flow
% of AUM
-33.2%
Top 10 Holdings %
Top 10 Hldgs %
34.8%
Holding
2,248
New
267
Increased
417
Reduced
704
Closed
731
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$119M |
| 2 |
Visa
V
|
+$49.6M |
| 3 |
Delta Air Lines
DAL
|
+$41.9M |
| 4 |
Broadcom
AVGO
|
+$40.4M |
| 5 |
Etsy
ETSY
|
+$39.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$172M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$93.4M |
| 3 |
American Express
AXP
|
+$84.7M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$76.5M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
76
Tesla
TSLA
$1.29T
| $88.3M | 0.24% |
340,898
-154,429
| -31% | -$51.5M |
|
77
CALL
iShares MSCI Emerging Markets ETF
EEM
$29.4B
| $86.1M | 0.23% |
1,969,200
-228,600
| -10% | -$9.93M |
|
78
PUT
Spotify
SPOT
$101B
| $85.4M | 0.23% |
155,200
-482,400
| -76% | -$270M |
|
|
79
PUT
American Express
AXP
$230B
| $84.7M | 0.23% |
314,900
+85,900
| +38% | +$25.4M |
|
80
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$41.6B
| $83.7M | 0.23% |
919,900
-980,200
| -52% | -$87.3M |
|
|
SCHW
81
PUT
Charles Schwab
SCHW
$186B
| $83.7M | 0.23% |
1,069,700
-1,377,700
| -56% | -$108M |
|
|
82
PUT
Delta Air Lines
DAL
$60.2B
| $81.1M | 0.22% |
1,860,500
+768,300
| +70% | +$45.5M |
|
83
PUT
Amazon
AMZN
$2.96T
| $81M | 0.22% |
425,700
+138,100
| +48% | +$30M |
|
84
CALL
Goldman Sachs
GS
$303B
| $80.3M | 0.22% |
146,900
-130,100
| -47% | -$78.3M |
|
85
CALL
Intel
INTC
$509B
| $80.1M | 0.22% |
3,526,000
+2,934,300
| +496% | +$64.2M |
|
86
CALL
iShares Bitcoin Trust
IBIT
$47.6B
| $79.2M | 0.21% |
1,693,000
+1,686,100
| +24,436% | +$89.3M |
|
87
CALL
Morgan Stanley
MS
$338B
| $78M | 0.21% |
668,900
-713,600
| -52% | -$91.9M |
|
88
PUT
UnitedHealth
UNH
$371B
| $78M | 0.21% |
148,900
-30,400
| -17% | -$15.5M |
|
|
89
CALL
Amazon
AMZN
$2.96T
| $77.4M | 0.21% |
406,900
-421,400
| -51% | -$91.4M |
|
90
CALL
Capital One
COF
$133B
| $77.4M | 0.21% |
431,400
+371,700
| +623% | +$70.2M |
|
91
PUT
PayPal
PYPL
$50.6B
| $76.5M | 0.21% |
1,172,000
-355,200
| -23% | -$27.7M |
|
92
PUT
Carnival Corporation Ltd
CCL
$39.3B
| $76.2M | 0.21% |
3,901,300
-1,211,300
| -24% | -$28.8M |
|
93
PUT
State Street Energy Select Sector SPDR ETF
XLE
$38B
| $74.5M | 0.2% |
1,594,400
-181,400
| -10% | -$8.18M |
|
94
CALL
Johnson & Johnson
JNJ
$618B
| $73.8M | 0.2% |
445,300
+28,500
| +7% | +$4.46M |
|
|
NEE.PRT
95
NextEra Energy 7.234% Corporate Units
NEE.PRT
$1.45B
| $72.7M | 0.2% |
1,025,561
-43,743
| -4% | -$1.97M |
|
96
Apple
AAPL
$4.57T
| $72.1M | 0.2% |
324,393
+166,011
| +105% | +$38.5M |
|
|
97
CALL
Visa
V
$678B
| $71.2M | 0.19% |
203,200
-486,600
| -71% | -$165M |
|
98
CALL
ExxonMobil
XOM
$636B
| $69.9M | 0.19% |
587,800
+348,400
| +146% | +$38.5M |
|
99
CALL
Boeing
BA
$184B
| $68.6M | 0.19% |
402,000
+163,300
| +68% | +$28.3M |
|
|
XYZ
100
CALL
Block Inc
XYZ
$47.2B
| $68.3M | 0.19% |
1,257,800
+738,800
| +142% | +$55.1M |
|
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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.