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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 | |
|---|---|---|---|---|---|---|
|
SOUL
1076
Soulpower Acquisition Corp
SOUL
$353M
| $1.02M | ﹤0.01% |
+100,033
| New | +$1.02M |
|
1077
Xerox
XRX
$425M
| $1.01M | ﹤0.01% |
427,572
-486,915
| -53% | -$1.44M |
|
|
CRANU
1078
Crane Harbor Acquisition Corp II Units
CRANU
| $1.01M | ﹤0.01% |
+100,000
| New | +$1.01M |
|
|
VHCPU
1079
Vine Hill Capital Investment Corp II Units
VHCPU
$176M
| $1.01M | ﹤0.01% |
+100,394
| New | +$1.01M |
|
|
SOCA
1080
Solarius Capital Acquisition Corp
SOCA
| $1M | ﹤0.01% |
+100,000
| New | +$1.01M |
|
1081
Carlyle Group
CG
$17.2B
| $1M | ﹤0.01% |
+16,977
| New | +$965K |
|
1082
PUT
Regeneron Pharmaceuticals
REGN
$80.8B
| $1M | ﹤0.01% |
+1,300
| New | +$883K |
|
1083
PUT
Pinterest
PINS
$13.4B
| $1M | ﹤0.01% |
38,700
-12,100
| -24% | -$348K |
|
1084
PUT
Applied Digital
APLD
$8.41B
| $988K | ﹤0.01% |
40,300
-407,600
| -91% | -$11.7M |
|
|
FITB
1085
CALL
Fifth Third Bancorp
FITB
$51.8B
| $988K | ﹤0.01% |
21,100
-44,900
| -68% | -$1.98M |
|
1086
CALL
Advance Auto Parts
AAP
$3.49B
| $983K | ﹤0.01% |
25,000
| – | – |
|
|
UNIT
1087
PUT
Uniti Group
UNIT
$2.32B
| $981K | ﹤0.01% |
140,000
| – | – |
|
1088
Bit Digital
BTBT
$482M
| $974K | ﹤0.01% |
515,289
-154,711
| -23% | -$447K |
|
1089
PUT
Ulta Beauty
ULTA
$24.3B
| $968K | ﹤0.01% |
+1,600
| New | +$880K |
|
1090
CALL
MaxLinear
MXL
$6.8B
| $959K | ﹤0.01% |
55,000
| – | – |
|
1091
Coinbase
COIN
$40.5B
| $957K | ﹤0.01% |
+4,233
| New | +$1.26M |
|
1092
Lam Research
LRCX
$390B
| $945K | ﹤0.01% |
+5,523
| New | +$859K |
|
|
FITB
1093
PUT
Fifth Third Bancorp
FITB
$51.8B
| $936K | ﹤0.01% |
20,000
| – | – |
|
|
CTRA
1094
PUT
DELISTED
Coterra Energy
CTRA
| $932K | ﹤0.01% |
+35,400
| New | +$892K |
|
1095
PUT
Emerson Electric
EMR
$88.3B
| $929K | ﹤0.01% |
7,000
| – | – |
|
1096
CALL
Archer Daniels Midland
ADM
$36.9B
| $926K | ﹤0.01% |
16,100
| – | – |
|
1097
Antero Resources
AR
$10.7B
| $925K | ﹤0.01% |
+26,841
| New | +$909K |
|
1098
eBay
EBAY
$49.8B
| $906K | ﹤0.01% |
10,399
-11,252
| -52% | -$974K |
|
1099
Centene
CNC
$32.5B
| $902K | ﹤0.01% |
21,923
+260
| +1% | +$9.73K |
|
1100
CALL
Sony
SONY
$138B
| $896K | ﹤0.01% |
35,000
| – | – |
|
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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.