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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
+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 | |
|---|---|---|---|---|---|---|
1001
CALL
US Global Jets ETF
JETS
$800M
| $1.4M | ﹤0.01% |
50,000
| – | – |
|
1002
CALL
UBS Group
UBS
$176B
| $1.39M | ﹤0.01% |
+30,000
| New | +$1.21M |
|
1003
PUT
DexCom
DXCM
$32B
| $1.38M | ﹤0.01% |
20,800
-19,200
| -48% | -$1.24M |
|
1004
CALL
lululemon athletica
LULU
$14.6B
| $1.37M | ﹤0.01% |
6,600
-1,100
| -14% | -$199K |
|
1005
CALL
Take-Two Interactive
TTWO
$46.1B
| $1.36M | ﹤0.01% |
5,300
| – | – |
|
|
CTRA
1006
CALL
DELISTED
Coterra Energy
CTRA
| $1.35M | ﹤0.01% |
+51,400
| New | +$1.3M |
|
1007
United Natural Foods
UNFI
$2.85B
| $1.35M | ﹤0.01% |
40,000
| – | – |
|
1008
CALL
UiPath
PATH
$7.8B
| $1.34M | ﹤0.01% |
81,800
| – | – |
|
1009
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $1.32M | ﹤0.01% |
16,965
+16,964
| +1,696,400% | +$1.32M |
|
1010
PUT
Reddit
RDDT
$31.1B
| $1.31M | ﹤0.01% |
+5,700
| New | +$1.2M |
|
1011
First Horizon
FHN
$12.1B
| $1.31M | ﹤0.01% |
54,718
+8,526
| +18% | +$190K |
|
1012
PUT
S&P Global
SPGI
$120B
| $1.31M | ﹤0.01% |
2,500
| – | – |
|
|
SNDK
1013
CALL
Sandisk
SNDK
$177B
| $1.31M | ﹤0.01% |
5,500
-25,600
| -82% | -$5.13M |
|
1014
PUT
Itaú Unibanco
ITUB
$87.5B
| $1.31M | ﹤0.01% |
182,300
-5,469
| -3% | -$38.9K |
|
1015
CALL
Newell Brands
NWL
$2.56B
| $1.3M | ﹤0.01% |
350,000
| – | – |
|
|
FLG
1016
PUT
Flagstar Bank National Association
FLG
$5.82B
| $1.26M | ﹤0.01% |
100,000
| – | – |
|
1017
PUT
Lockheed Martin
LMT
$136B
| $1.26M | ﹤0.01% |
2,600
+100
| +4% | +$47.9K |
|
1018
British American Tobacco
BTI
$128B
| $1.25M | ﹤0.01% |
22,134
-1,951
| -8% | -$106K |
|
1019
Uranium Energy
UEC
$5.57B
| $1.25M | ﹤0.01% |
+107,108
| New | +$1.41M |
|
1020
Equinix
EQIX
$103B
| $1.25M | ﹤0.01% |
+1,632
| New | +$1.28M |
|
1021
PUT
Zimmer Biomet
ZBH
$18.4B
| $1.25M | ﹤0.01% |
13,900
| – | – |
|
1022
CALL
Affirm
AFRM
$25.2B
| $1.24M | ﹤0.01% |
16,700
-85,300
| -84% | -$6.14M |
|
1023
CALL
US Bancorp
USB
$99.6B
| $1.24M | ﹤0.01% |
23,200
+22,000
| +1,833% | +$1.08M |
|
|
DOCU
1024
DocuSign
DOCU
$11.5B
| $1.23M | ﹤0.01% |
18,046
-52,144
| -74% | -$3.61M |
|
1025
BHP
BHP
$230B
| $1.23M | ﹤0.01% |
20,316
+5,797
| +40% | +$329K |
|
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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.