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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 | |
|---|---|---|---|---|---|---|
|
UNIT
1426
Uniti Group
UNIT
$2.32B
| $70.4K | ﹤0.01% |
10,037
-54,151
| -84% | -$343K |
|
1427
CALL
Odyssey Marine Exploration
OMEX
$51.8M
| $69.2K | ﹤0.01% |
+35,300
| New | +$81.7K |
|
1428
Lamb Weston
LW
$7.19B
| $68.2K | ﹤0.01% |
1,627
-65,785
| -98% | -$3.87M |
|
1429
PUT
Agnico Eagle Mines
AEM
$90.5B
| $67.8K | ﹤0.01% |
400
-1,800
| -82% | -$303K |
|
1430
CleanSpark
CLSK
$3.16B
| $67.5K | ﹤0.01% |
+6,672
| New | +$100K |
|
1431
PUT
Coupang
CPNG
$29.2B
| $66.1K | ﹤0.01% |
2,800
-12,200
| -81% | -$347K |
|
1432
CALL
Baker Hughes
BKR
$61.1B
| $63.8K | ﹤0.01% |
+1,400
| New | +$66.4K |
|
1433
NextDecade
NEXT
$1.78B
| $62.5K | ﹤0.01% |
11,861
-6,873
| -37% | -$41K |
|
|
EVOXW
1434
Evolution Global Acquisition Corp Warrants
EVOXW
| $62.2K | ﹤0.01% |
+151,750
| New | +$57.6K |
|
1435
Altria Group
MO
$114B
| $61.2K | ﹤0.01% |
1,062
-161,602
| -99% | -$9.76M |
|
1436
CALL
Emcor
EME
$36B
| $61.2K | ﹤0.01% |
+100
| New | +$64.8K |
|
1437
CALL
Beyond Meat
BYND
$277M
| $60.8K | ﹤0.01% |
+74,100
| New | +$103K |
|
|
FERAR
1438
Fifth Era Acquisition Corp I Rights
FERAR
| $60K | ﹤0.01% |
150,000
-31,007
| -17% | -$9.86K |
|
|
TACOW
1439
Berto Acquisition Corp Warrant
TACOW
$16.5M
| $59.5K | ﹤0.01% |
160,735
-86,699
| -35% | -$44K |
|
1440
PUT
NexGen Energy
NXE
$6.99B
| $58.9K | ﹤0.01% |
6,400
-93,600
| -94% | -$827K |
|
|
OYSER
1441
Oyster Enterprises II Acquisition Corp Rights
OYSER
| $58.7K | ﹤0.01% |
293,600
-272,392
| -48% | -$50.6K |
|
|
DNMXW
1442
Dynamix Corp III Warrants
DNMXW
$2.52M
| $58.3K | ﹤0.01% |
+168,999
| New | +$63.7K |
|
|
TLNCW
1443
Talon Capital Corp Warrants
TLNCW
$4.15M
| $54.8K | ﹤0.01% |
+99,650
| New | +$71.1K |
|
1444
PUT
Centene
CNC
$32.5B
| $53.5K | ﹤0.01% |
1,300
-4,200
| -76% | -$157K |
|
1445
Restaurant Brands International
QSR
$25.8B
| $53.2K | ﹤0.01% |
780
-1,607
| -67% | -$111K |
|
1446
Diamondback Energy
FANG
$52.7B
| $51.3K | ﹤0.01% |
341
+339
| +16,950% | +$50K |
|
1447
Vodafone
VOD
$37.4B
| $50.5K | ﹤0.01% |
3,826
-15,316
| -80% | -$185K |
|
|
SOUL.RT
1448
Soulpower Acquisition Corp Rights
SOUL.RT
| $49.1K | ﹤0.01% |
280,777
+177,742
| +173% | +$35K |
|
1449
Mattel
MAT
$4.3B
| $48.9K | ﹤0.01% |
2,466
-55,821
| -96% | -$1.08M |
|
|
HVIIR
1450
Hennessy Capital Investment Corp VII Rights
HVIIR
| $48.9K | ﹤0.01% |
175,198
+23,122
| +15% | +$8.36K |
|
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.