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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 | |
|---|---|---|---|---|---|---|
1151
KeyCorp
KEY
$24.4B
| $649K | ﹤0.01% |
+31,437
| New | +$585K |
|
1152
PUT
Hertz
HTZ
$809M
| $648K | ﹤0.01% |
126,000
| – | – |
|
1153
CALL
CNX Resources
CNX
$5.2B
| $647K | ﹤0.01% |
17,600
-8,000
| -31% | -$286K |
|
1154
Thermo Fisher Scientific
TMO
$220B
| $647K | ﹤0.01% |
+1,116
| New | +$631K |
|
1155
B&G Foods
BGS
$286M
| $645K | ﹤0.01% |
150,000
| – | – |
|
|
KEEL
1156
PUT
Keel Infrastructure Corp
KEEL
$2.34B
| $636K | ﹤0.01% |
270,800
-420,300
| -61% | -$1.44M |
|
1157
Omega Healthcare
OHI
$14.7B
| $636K | ﹤0.01% |
+14,336
| New | +$618K |
|
|
NNE
1158
Nano Nuclear Energy
NNE
$1.01B
| $634K | ﹤0.01% |
26,400
+22,770
| +627% | +$872K |
|
1159
PUT
British American Tobacco
BTI
$128B
| $617K | ﹤0.01% |
10,900
-300
| -3% | -$16.4K |
|
1160
CALL
Trump Media & Technology Group
DJT
$2.83B
| $617K | ﹤0.01% |
46,600
-303,400
| -87% | -$4.14M |
|
1161
ARK Genomic Revolution ETF
ARKG
$1.73B
| $610K | ﹤0.01% |
21,069
-2,184
| -9% | -$65.6K |
|
1162
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $605K | ﹤0.01% |
7,500
-793,000
| -99% | -$63.9M |
|
1163
State Street SPDR S&P Bank ETF
KBE
$1.66B
| $604K | ﹤0.01% |
9,956
+9,955
| +995,500% | +$586K |
|
|
1164
CALL
ARK Genomic Revolution ETF
ARKG
$1.73B
| $600K | ﹤0.01% |
+20,700
| New | +$621K |
|
1165
Centrus Energy
LEU
$3.82B
| $597K | ﹤0.01% |
2,460
-4,894
| -67% | -$1.48M |
|
1166
Lowe's Companies
LOW
$125B
| $596K | ﹤0.01% |
2,472
+788
| +47% | +$189K |
|
1167
CALL
Moderna
MRNA
$23.6B
| $590K | ﹤0.01% |
20,000
-100,000
| -83% | -$2.72M |
|
|
1168
PUT
Moderna
MRNA
$23.6B
| $587K | ﹤0.01% |
19,900
-124,900
| -86% | -$3.39M |
|
1169
Best Buy
BBY
$17.3B
| $577K | ﹤0.01% |
+8,619
| New | +$658K |
|
1170
Coupang
CPNG
$29.2B
| $577K | ﹤0.01% |
24,454
-59,728
| -71% | -$1.7M |
|
1171
S&P Global
SPGI
$120B
| $568K | ﹤0.01% |
1,087
+31
| +3% | +$15.3K |
|
1172
AGNC Investment
AGNC
$12.9B
| $568K | ﹤0.01% |
52,972
+17,967
| +51% | +$185K |
|
1173
CALL
dLocal
DLO
$4.24B
| $566K | ﹤0.01% |
40,000
| – | – |
|
1174
Nutanix
NTNX
$16.9B
| $564K | ﹤0.01% |
10,919
-14,189
| -57% | -$867K |
|
1175
Invesco CurrencyShares Euro Currency Trust
FXE
$341M
| $562K | ﹤0.01% |
5,180
| – | – |
|
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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.