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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 | |
|---|---|---|---|---|---|---|
1026
Autodesk
ADSK
$52.6B
| $1.22M | ﹤0.01% |
4,133
-8,258
| -67% | -$2.5M |
|
1027
Zimmer Biomet
ZBH
$18.4B
| $1.22M | ﹤0.01% |
13,551
+4,834
| +55% | +$458K |
|
1028
GE HealthCare
GEHC
$32.4B
| $1.21M | ﹤0.01% |
14,785
+12,255
| +484% | +$955K |
|
|
DHC
1029
CALL
Diversified Healthcare Trust
DHC
$2.14B
| $1.21M | ﹤0.01% |
250,000
| – | – |
|
1030
CALL
Kenvue
KVUE
$36.9B
| $1.2M | ﹤0.01% |
69,700
| – | – |
|
1031
Baker Hughes
BKR
$61.1B
| $1.19M | ﹤0.01% |
26,119
-15,430
| -37% | -$732K |
|
1032
CALL
Five Below
FIVE
$13.5B
| $1.19M | ﹤0.01% |
+6,300
| New | +$1.02M |
|
1033
PUT
Citizens Financial Group
CFG
$30.6B
| $1.19M | ﹤0.01% |
20,300
+300
| +2% | +$16.1K |
|
1034
Opendoor
OPEN
$3.38B
| $1.18M | ﹤0.01% |
202,301
+163,654
| +423% | +$1.17M |
|
1035
CALL
Chemours
CC
$2.37B
| $1.18M | ﹤0.01% |
+100,000
| New | +$1.28M |
|
|
1036
CALL
Opendoor
OPEN
$3.38B
| $1.17M | ﹤0.01% |
201,300
+103,753
| +106% | +$743K |
|
1037
ServiceNow
NOW
$129B
| $1.17M | ﹤0.01% |
+7,638
| New | +$1.31M |
|
1038
PUT
Caesars Entertainment
CZR
$6.14B
| $1.17M | ﹤0.01% |
50,000
-500,000
| -91% | -$11.2M |
|
|
EU
1039
CALL
enCore Energy
EU
$243M
| $1.17M | ﹤0.01% |
470,300
-84,700
| -15% | -$242K |
|
1040
Welltower
WELL
$171B
| $1.16M | ﹤0.01% |
+6,247
| New | +$1.17M |
|
1041
PUT
UBS Group
UBS
$176B
| $1.16M | ﹤0.01% |
25,000
| – | – |
|
1042
CALL
Accenture
ACN
$108B
| $1.15M | ﹤0.01% |
4,300
-18,600
| -81% | -$4.73M |
|
1043
PUT
Harley-Davidson
HOG
$2.71B
| $1.15M | ﹤0.01% |
+56,300
| New | +$1.38M |
|
1044
HF Sinclair
DINO
$14.5B
| $1.15M | ﹤0.01% |
24,917
+7,550
| +43% | +$389K |
|
|
KBONU
1045
Karbon Capital Partners Corp Units
KBONU
$317M
| $1.14M | ﹤0.01% |
+113,478
| New | +$1.14M |
|
1046
NuScale Power
SMR
$4.03B
| $1.14M | ﹤0.01% |
80,326
+78,226
| +3,725% | +$2.24M |
|
1047
Ally Financial
ALLY
$13.3B
| $1.12M | ﹤0.01% |
24,803
+13,162
| +113% | +$542K |
|
1048
CALL
Veeva Systems
VEEV
$37.4B
| $1.12M | ﹤0.01% |
+5,000
| New | +$1.33M |
|
1049
PUT
Paycom
PAYC
$9.69B
| $1.12M | ﹤0.01% |
7,000
| – | – |
|
1050
CALL
Royal Gold
RGLD
$19.5B
| $1.11M | ﹤0.01% |
5,000
| – | – |
|
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.