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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
+2.87%
1 Year Est. Return
+45.89%
3 Year Est. Return
+130.57%
5 Year Est. Return
+159.2%
10 Year Est. Return
+646.93%
AUM
$38.6B
AUM Growth
-$12.1B
(-24%)
Cap. Flow
-$11.5B
Cap. Flow
% of AUM
-29.81%
Top 10 Holdings %
Top 10 Hldgs %
42.79%
Holding
1,949
New
355
Increased
391
Reduced
597
Closed
522
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$109M |
| 2 |
NEE.PRV
NextEra Energy Inc 7.375% Corporate Units
NEE.PRV
|
+$100M |
| 3 |
Apple
AAPL
|
+$80.6M |
| 4 |
ORCL.PRD
Oracle Corp Preferred Stock Series D
ORCL.PRD
|
+$49.3M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Express
AXP
|
+$246M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$161M |
| 3 |
SPDR Gold Trust
GLD
|
+$146M |
| 4 |
Tesla
TSLA
|
+$128M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$91.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.04% |
| 2 | Financials | 0.82% |
| 3 | Energy | 0.43% |
| 4 | Consumer Discretionary | 0.37% |
| 5 | Industrials | 0.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CALL
Uber
UBER
$146B
| $43.6M | 0.11% |
563,900
-118,600
| -17% | -$9.13M |
|
127
PUT
Blackstone Mortgage Trust
BXMT
$2.77B
| $43.4M | 0.11% |
2,265,000
-1,081,100
| -32% | -$20.8M |
|
128
PUT
Verizon
VZ
$202B
| $43.1M | 0.11% |
857,800
+132,300
| +18% | +$6.13M |
|
129
PUT
Iris Energy
IREN
$11.2B
| $43M | 0.11% |
953,000
+391,700
| +70% | +$17.7M |
|
130
CALL
Carvana
CVNA
$49B
| $42.9M | 0.11% |
534,500
-2,277,500
| -81% | -$169M |
|
|
AXON
131
PUT
Axon Enterprise
AXON
$44.2B
| $41.8M | 0.11% |
98,400
+14,000
| +17% | +$7.28M |
|
132
PUT
Nabors Industries
NBR
$1.17B
| $41.1M | 0.11% |
495,800
+116,200
| +31% | +$8.43M |
|
133
PUT
Carnival Corporation Ltd
CCL
$38.5B
| $41.1M | 0.11% |
1,500,700
-1,407,800
| -48% | -$41.1M |
|
134
CALL
Applied Materials
AMAT
$364B
| $41M | 0.11% |
120,000
-53,600
| -31% | -$18M |
|
135
PUT
PepsiCo
PEP
$197B
| $40.6M | 0.11% |
262,000
+111,200
| +74% | +$17.3M |
|
136
CALL
KraneShares CSI China Internet ETF
KWEB
$5.56B
| $40.2M | 0.1% |
1,414,500
-991,700
| -41% | -$32.5M |
|
137
PUT
PayPal
PYPL
$51.2B
| $40.1M | 0.1% |
788,900
-23,600
| -3% | -$1.14M |
|
138
CALL
JPMorgan Chase
JPM
$927B
| $40.1M | 0.1% |
128,100
-297,600
| -70% | -$90.3M |
|
139
CALL
Western Digital
WDC
$167B
| $39.6M | 0.1% |
146,400
-85,300
| -37% | -$22.3M |
|
140
CALL
Qualcomm
QCOM
$171B
| $39.6M | 0.1% |
307,400
-158,600
| -34% | -$23.1M |
|
141
CALL
Alibaba
BABA
$280B
| $38.9M | 0.1% |
310,300
-258,200
| -45% | -$38.8M |
|
142
CALL
iShares China Large-Cap ETF
FXI
$4.35B
| $38.9M | 0.1% |
1,084,000
+960,000
| +774% | +$36.5M |
|
143
PUT
Darling Ingredients
DAR
$9.42B
| $37.9M | 0.1% |
612,500
+60,000
| +11% | +$2.95M |
|
144
CALL
Snowflake
SNOW
$101B
| $37.5M | 0.1% |
248,400
-223,000
| -47% | -$41.3M |
|
145
PUT
Cameco
CCJ
$37.3B
| $37.4M | 0.1% |
321,100
-4,800
| -1% | -$549K |
|
146
CALL
NextEra Energy
NEE
$185B
| $37.4M | 0.1% |
412,500
+223,800
| +119% | +$19.9M |
|
|
NBIS
147
PUT
Nebius Group N.V.
NBIS
$40.5B
| $37.3M | 0.1% |
238,300
-167,300
| -41% | -$16.7M |
|
148
PUT
Vistra
VST
$48.4B
| $37.2M | 0.1% |
240,000
-703,200
| -75% | -$114M |
|
|
B
149
PUT
Barrick Mining
B
$61.5B
| $37.1M | 0.1% |
917,900
+779,300
| +562% | +$36M |
|
|
150
PUT
iShares China Large-Cap ETF
FXI
$4.35B
| $37.1M | 0.1% |
1,032,900
-325,500
| -24% | -$12.4M |
|
Similar funds
Parallax Volatility Advisers's Q1 2026 Portfolio in Review
As of Q1 2026, Parallax Volatility Advisers held 1,949 positions worth $38.6B, down 24% from $50.7B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Parallax Volatility Advisers withdrew a net $11.5B in Q1 2026, closing 522 positions and reducing 597 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $161M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1% of assets, down from 1.3% a quarter earlier, followed by Financials and Energy.
Against the trend, Parallax Volatility Advisers opened a new position in NextEra Energy Inc 7.375% Corporate Units worth $182M.
- Parallax Volatility Advisers's largest Q1 2026 buy was NextEra Energy Inc 7.375% Corporate Units: 2,010,521 shares worth $182M.
- Parallax Volatility Advisers added most to State Street Financial Select Sector SPDR ETF in Q1 2026, an estimated $109M increase.
- Parallax Volatility Advisers's biggest Q1 2026 reduction was American Express, cutting an estimated $246M.
- Parallax Volatility Advisers fully exited iShares Russell 2000 ETF in Q1 2026, selling an estimated $161M.
- Parallax Volatility Advisers's ten largest holdings make up 43% of its $38.6B portfolio in Q1 2026.
- Parallax Volatility Advisers opened 355 new positions and closed 522 in Q1 2026.
- Parallax Volatility Advisers's portfolio value fell 24% quarter-over-quarter to $38.6B.
Based on Parallax Volatility Advisers's 13F filing for Q1 2026, filed 15 May 2026.