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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 | |
|---|---|---|---|---|---|---|
1276
Vanguard Information Technology ETF
VGT
$149B
| $318K | ﹤0.01% |
+3,376
| New | +$321K |
|
1277
General Mills
GIS
$19.7B
| $318K | ﹤0.01% |
6,837
-98,453
| -94% | -$4.68M |
|
|
RTACU
1278
Renatus Tactical Acquisition Corp I Unit
RTACU
$188M
| $316K | ﹤0.01% |
28,528
-8,186
| -22% | -$93.9K |
|
|
BULL
1279
PUT
Webull Corp
BULL
$3.89B
| $311K | ﹤0.01% |
+40,000
| New | +$402K |
|
1280
CALL
Enovix
ENVX
$1.03B
| $310K | ﹤0.01% |
42,400
+9,900
| +30% | +$95.9K |
|
1281
BWX Technologies
BWXT
$15.6B
| $309K | ﹤0.01% |
1,790
-40,972
| -96% | -$7.69M |
|
|
HAPN
1282
CALL
Happen Inc
HAPN
$2.24B
| $307K | ﹤0.01% |
16,200
| – | – |
|
1283
iShares Gold Trust
IAU
$67.5B
| $304K | ﹤0.01% |
3,750
| – | – |
|
1284
PUT
Corteva
CTVA
$51.3B
| $302K | ﹤0.01% |
+4,500
| New | +$291K |
|
1285
PUT
FirstEnergy
FE
$27.5B
| $300K | ﹤0.01% |
6,700
-104,000
| -94% | -$4.78M |
|
1286
PUT
iShares US Home Construction ETF
ITB
$2.35B
| $299K | ﹤0.01% |
3,100
+600
| +24% | +$60.6K |
|
|
GAP
1287
PUT
The Gap Inc
GAP
$7.37B
| $297K | ﹤0.01% |
+11,600
| New | +$281K |
|
1288
CALL
Celestica
CLS
$36.5B
| $296K | ﹤0.01% |
1,000
+600
| +150% | +$181K |
|
1289
PUT
CNX Resources
CNX
$5.2B
| $294K | ﹤0.01% |
8,000
-67,800
| -89% | -$2.43M |
|
1290
CALL
Alight
ALIT
$407M
| $293K | ﹤0.01% |
7,500
| – | – |
|
1291
PUT
Zoetis
ZTS
$30B
| $289K | ﹤0.01% |
+2,300
| New | +$300K |
|
1292
CALL
Eos Energy Enterprises
EOSE
$1.51B
| $287K | ﹤0.01% |
+25,000
| New | +$359K |
|
1293
PUT
dLocal
DLO
$4.24B
| $283K | ﹤0.01% |
20,000
| – | – |
|
|
BULL
1294
Webull Corp
BULL
$3.89B
| $282K | ﹤0.01% |
+36,342
| New | +$365K |
|
1295
CALL
Tencent Music
TME
$15.6B
| $280K | ﹤0.01% |
+16,000
| New | +$325K |
|
|
BNY
1296
Bank of New York Mellon
BNY
$107B
| $280K | ﹤0.01% |
+2,409
| New | +$267K |
|
1297
Navitas Semiconductor
NVTS
$3.63B
| $274K | ﹤0.01% |
38,398
+7,957
| +26% | +$76.6K |
|
1298
Sherwin-Williams
SHW
$89.8B
| $274K | ﹤0.01% |
846
-27,492
| -97% | -$9.2M |
|
1299
iShares MSCI Australia ETF
EWA
$1.45B
| $271K | ﹤0.01% |
+10,333
| New | +$273K |
|
1300
PUT
Dominion Energy
D
$59.3B
| $270K | ﹤0.01% |
+4,600
| New | +$277K |
|
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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.