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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 | |
|---|---|---|---|---|---|---|
|
SAC.U
1101
Safeguard Acquisition Corp Units
SAC.U
| $894K | ﹤0.01% |
+88,617
| New | +$894K |
|
1102
PUT
Synopsys
SNPS
$79.7B
| $892K | ﹤0.01% |
1,900
-34,200
| -95% | -$15.2M |
|
|
DMIIU
1103
Drugs Made In America Acquisition II Corp Unit
DMIIU
| $892K | ﹤0.01% |
89,079
-282,891
| -76% | -$2.83M |
|
1104
Moderna
MRNA
$23.6B
| $891K | ﹤0.01% |
30,213
-75,628
| -71% | -$2.05M |
|
|
HIVE
1105
CALL
HIVE Digital Technologies
HIVE
$777M
| $890K | ﹤0.01% |
345,000
-67,300
| -16% | -$284K |
|
1106
CALL
Skyworks Solutions
SWKS
$10.6B
| $888K | ﹤0.01% |
14,000
| – | – |
|
1107
Magnite
MGNI
$3.55B
| $887K | ﹤0.01% |
54,658
-76,025
| -58% | -$1.26M |
|
1108
PUT
Unity
U
$18.9B
| $883K | ﹤0.01% |
20,000
| – | – |
|
1109
PUT
Duolingo
DUOL
$6.12B
| $878K | ﹤0.01% |
+5,000
| New | +$1.18M |
|
1110
CALL
Edwards Lifesciences
EW
$51.7B
| $853K | ﹤0.01% |
10,000
| – | – |
|
1111
CALL
Ford
F
$55.7B
| $850K | ﹤0.01% |
64,800
+14,800
| +30% | +$191K |
|
1112
CALL
Southwest Airlines
LUV
$23B
| $839K | ﹤0.01% |
+20,300
| New | +$709K |
|
1113
Liberty Live Group Series C
LLYVK
$9.46B
| $835K | ﹤0.01% |
10,038
| – | – |
|
|
CRON
1114
Cronos Group
CRON
$1.14B
| $833K | ﹤0.01% |
316,745
-44,127
| -12% | -$114K |
|
1115
CALL
TJX Companies
TJX
$178B
| $829K | ﹤0.01% |
5,400
+900
| +20% | +$133K |
|
1116
Black Hills Corp
BKH
$5.69B
| $829K | ﹤0.01% |
+11,937
| New | +$805K |
|
1117
ACM Research
ACMR
$5.79B
| $826K | ﹤0.01% |
20,937
-2,881
| -12% | -$107K |
|
1118
PUT
WEC Energy
WEC
$35.1B
| $823K | ﹤0.01% |
7,800
| – | – |
|
1119
Brinker International
EAT
$9.66B
| $817K | ﹤0.01% |
5,692
+2,010
| +55% | +$263K |
|
1120
PUT
Regions Financial
RF
$26.8B
| $813K | ﹤0.01% |
30,000
| – | – |
|
1121
CALL
First Horizon
FHN
$12.1B
| $813K | ﹤0.01% |
34,000
+33,800
| +16,900% | +$753K |
|
1122
CALL
Krispy Kreme
DNUT
$577M
| $808K | ﹤0.01% |
+201,000
| New | +$796K |
|
1123
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
| $807K | ﹤0.01% |
17,800
+17,600
| +8,800% | +$778K |
|
1124
The GEO Group
GEO
$4.04B
| $806K | ﹤0.01% |
50,000
+30,000
| +150% | +$500K |
|
1125
CALL
American Superconductor
AMSC
$1.59B
| $791K | ﹤0.01% |
27,500
| – | – |
|
Similar funds
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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.