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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 | |
|---|---|---|---|---|---|---|
1226
CALL
Campbell Soup
CPB
$6.87B
| $412K | ﹤0.01% |
14,800
-250,000
| -94% | -$7.52M |
|
1227
CALL
IAMGOLD
IAG
$10.5B
| $412K | ﹤0.01% |
25,000
| – | – |
|
1228
PUT
W&T Offshore
WTI
$518M
| $408K | ﹤0.01% |
+250,000
| New | +$480K |
|
1229
SoundHound AI
SOUN
$3.49B
| $398K | ﹤0.01% |
+39,920
| New | +$574K |
|
1230
CALL
Ivanhoe Electric
IE
$1.74B
| $398K | ﹤0.01% |
24,900
| – | – |
|
1231
PUT
Patterson-UTI
PTEN
$3.76B
| $397K | ﹤0.01% |
65,000
| – | – |
|
1232
CALL
Wolfspeed
WOLF
$1.71B
| $395K | ﹤0.01% |
22,700
-213,800
| -90% | -$4.9M |
|
1233
PUT
Johnson Controls International
JCI
$92.2B
| $395K | ﹤0.01% |
3,300
+400
| +14% | +$45.9K |
|
1234
Suncor Energy
SU
$70.3B
| $394K | ﹤0.01% |
+8,886
| New | +$376K |
|
1235
Biogen
BIIB
$30.7B
| $394K | ﹤0.01% |
+2,237
| New | +$365K |
|
|
FIG
1236
Figma
FIG
$12.4B
| $391K | ﹤0.01% |
+10,472
| New | +$473K |
|
1237
PUT
Cytokinetics
CYTK
$10.4B
| $388K | ﹤0.01% |
6,100
| – | – |
|
1238
CALL
Northern Trust
NTRS
$33.9B
| $382K | ﹤0.01% |
+2,800
| New | +$368K |
|
1239
PBF Energy
PBF
$7.31B
| $372K | ﹤0.01% |
13,722
-1,288
| -9% | -$41.3K |
|
1240
NXP Semiconductors
NXPI
$60.4B
| $370K | ﹤0.01% |
1,705
+333
| +24% | +$71.4K |
|
1241
CALL
Strive Inc
ASST
$1.05B
| $369K | ﹤0.01% |
+25,000
| New | +$597K |
|
1242
Royalty Pharma
RPRX
$25.3B
| $367K | ﹤0.01% |
+9,509
| New | +$363K |
|
1243
Caesars Entertainment
CZR
$6.14B
| $367K | ﹤0.01% |
15,703
-14,326
| -48% | -$322K |
|
1244
PUT
Enovix
ENVX
$1.03B
| $367K | ﹤0.01% |
50,200
+200
| +0.4% | +$1.94K |
|
1245
Phillips 66
PSX
$81.4B
| $366K | ﹤0.01% |
+2,835
| New | +$382K |
|
1246
Porch Group
PRCH
$1.8B
| $365K | ﹤0.01% |
+40,000
| New | +$482K |
|
1247
Monster Beverage
MNST
$88.5B
| $362K | ﹤0.01% |
+4,724
| New | +$338K |
|
1248
PUT
Corning
GLW
$143B
| $359K | ﹤0.01% |
4,100
-2,200
| -35% | -$189K |
|
|
GAP
1249
CALL
The Gap Inc
GAP
$7.37B
| $358K | ﹤0.01% |
+14,000
| New | +$339K |
|
1250
PUT
Aflac
AFL
$62.6B
| $353K | ﹤0.01% |
+3,200
| New | +$352K |
|
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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.