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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 | |
|---|---|---|---|---|---|---|
1251
PUT
Welltower
WELL
$171B
| $353K | ﹤0.01% |
+1,900
| New | +$355K |
|
1252
iShares US Home Construction ETF
ITB
$2.35B
| $352K | ﹤0.01% |
3,658
+3,657
| +365,700% | +$369K |
|
1253
PUT
Rockwell Automation
ROK
$49B
| $350K | ﹤0.01% |
+900
| New | +$338K |
|
1254
PUT
Teladoc Health
TDOC
$1.3B
| $350K | ﹤0.01% |
50,000
-75,000
| -60% | -$587K |
|
1255
CALL
Canadian Natural Resources
CNQ
$93.8B
| $349K | ﹤0.01% |
10,300
| – | – |
|
1256
JD.com
JD
$44.5B
| $345K | ﹤0.01% |
12,030
-142,817
| -92% | -$4.47M |
|
1257
Duolingo
DUOL
$6.12B
| $345K | ﹤0.01% |
1,967
-826
| -30% | -$195K |
|
1258
Abercrombie & Fitch
ANF
$5B
| $345K | ﹤0.01% |
+2,741
| New | +$240K |
|
|
KEEL
1259
Keel Infrastructure Corp
KEEL
$2.34B
| $344K | ﹤0.01% |
146,319
-423,681
| -74% | -$1.45M |
|
1260
Nucor
NUE
$62.1B
| $341K | ﹤0.01% |
+2,088
| New | +$314K |
|
1261
CALL
Agnico Eagle Mines
AEM
$90.5B
| $339K | ﹤0.01% |
2,000
-600
| -23% | -$101K |
|
1262
CALL
Li Auto
LI
$12.7B
| $339K | ﹤0.01% |
+20,000
| New | +$396K |
|
1263
PUT
Kroger
KR
$34.8B
| $337K | ﹤0.01% |
5,400
+500
| +10% | +$32.7K |
|
1264
Accenture
ACN
$108B
| $337K | ﹤0.01% |
+1,256
| New | +$319K |
|
1265
Realty Income
O
$59.1B
| $333K | ﹤0.01% |
5,900
-2,655
| -31% | -$154K |
|
1266
PUT
Dave Inc
DAVE
$4.06B
| $332K | ﹤0.01% |
+1,500
| New | +$323K |
|
1267
BlackBerry
BB
$5.26B
| $330K | ﹤0.01% |
+87,067
| New | +$383K |
|
1268
CALL
Lucid Motors
LCID
$2.77B
| $330K | ﹤0.01% |
31,200
| – | – |
|
1269
Insmed
INSM
$28.6B
| $329K | ﹤0.01% |
1,890
-9,254
| -83% | -$1.69M |
|
1270
CALL
Synopsys
SNPS
$79.7B
| $329K | ﹤0.01% |
700
-29,200
| -98% | -$13M |
|
1271
CALL
iQIYI
IQ
$1.28B
| $326K | ﹤0.01% |
170,000
| – | – |
|
|
HIMX
1272
Himax Technologies
HIMX
$2.55B
| $325K | ﹤0.01% |
39,624
-2,269
| -5% | -$19.2K |
|
|
1273
PUT
Accenture
ACN
$108B
| $322K | ﹤0.01% |
1,200
+800
| +200% | +$203K |
|
1274
CALL
AB InBev
BUD
$165B
| $320K | ﹤0.01% |
5,000
-30,500
| -86% | -$1.89M |
|
|
SBXE.U
1275
SilverBox Corp V Units
SBXE.U
| $318K | ﹤0.01% |
+31,540
| New | +$318K |
|
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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.