We are live on
!
Find out more
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 | |
|---|---|---|---|---|---|---|
1201
CALL
Lifestance Health
LFST
$4.14B
| $493K | ﹤0.01% |
+70,000
| New | +$422K |
|
|
CEPF
1202
Cantor Equity Partners IV
CEPF
| $486K | ﹤0.01% |
47,240
-32,607
| -41% | -$339K |
|
1203
JetBlue
JBLU
$2.29B
| $482K | ﹤0.01% |
105,964
+11,043
| +12% | +$50.3K |
|
1204
JFrog
FROG
$10.8B
| $480K | ﹤0.01% |
+7,684
| New | +$437K |
|
1205
PUT
BP
BP
$107B
| $479K | ﹤0.01% |
13,800
-46,900
| -77% | -$1.65M |
|
1206
PUT
Canadian Solar
CSIQ
$1.08B
| $478K | ﹤0.01% |
20,100
| – | – |
|
1207
PUT
Sable Offshore Corp
SOC
$911M
| $474K | ﹤0.01% |
+52,500
| New | +$496K |
|
1208
Fox Class A
FOXA
$26.9B
| $471K | ﹤0.01% |
6,450
+960
| +17% | +$62.7K |
|
1209
CALL
WillScot Mobile Mini Holdings
WSC
$4.41B
| $471K | ﹤0.01% |
25,000
| – | – |
|
1210
Bilibili
BILI
$7.84B
| $463K | ﹤0.01% |
+18,844
| New | +$507K |
|
|
MCGA
1211
Yorkville Acquisition Corp
MCGA
$241M
| $461K | ﹤0.01% |
+45,522
| New | +$469K |
|
1212
Allegro MicroSystems
ALGM
$8.16B
| $456K | ﹤0.01% |
17,291
-9,007
| -34% | -$248K |
|
1213
PUT
Sherwin-Williams
SHW
$89.8B
| $454K | ﹤0.01% |
1,400
-67,400
| -98% | -$22.5M |
|
1214
FIVE9
FIVN
$2.54B
| $453K | ﹤0.01% |
+22,583
| New | +$479K |
|
1215
PUT
TJX Companies
TJX
$178B
| $445K | ﹤0.01% |
2,900
+900
| +45% | +$133K |
|
1216
Green Plains
GPRE
$1.03B
| $444K | ﹤0.01% |
45,291
-3,578
| -7% | -$36K |
|
1217
PUT
iQIYI
IQ
$1.28B
| $440K | ﹤0.01% |
229,300
| – | – |
|
1218
PUT
Chubb
CB
$135B
| $437K | ﹤0.01% |
+1,400
| New | +$409K |
|
1219
CALL
Exelon
EXC
$47B
| $427K | ﹤0.01% |
9,800
| – | – |
|
1220
Energy Fuels
UUUU
$3.53B
| $426K | ﹤0.01% |
29,327
-134,257
| -82% | -$2.28M |
|
1221
BridgeBio Pharma
BBIO
$16.5B
| $424K | ﹤0.01% |
5,538
+963
| +21% | +$63.2K |
|
1222
PUT
Best Buy
BBY
$17.3B
| $422K | ﹤0.01% |
6,300
+6,000
| +2,000% | +$458K |
|
1223
CALL
Melco Resorts & Entertainment
MLCO
$2.14B
| $422K | ﹤0.01% |
55,700
| – | – |
|
1224
Goldman Sachs
GS
$303B
| $418K | ﹤0.01% |
476
-42,302
| -99% | -$34.5M |
|
|
JKS
1225
JinkoSolar
JKS
$891M
| $418K | ﹤0.01% |
16,201
-18,919
| -54% | -$482K |
|
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.