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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 | |
|---|---|---|---|---|---|---|
151
PUT
Morgan Stanley
MS
$323B
| $36.9M | 0.1% |
194,900
-262,400
| -57% | -$45.4M |
|
152
State Street Energy Select Sector SPDR ETF
XLE
$39.1B
| $36.7M | 0.1% |
657,322
+314,833
| +92% | +$16.9M |
|
153
CALL
Dell
DELL
$247B
| $36.7M | 0.1% |
223,700
+164,700
| +279% | +$21.9M |
|
154
PUT
Halliburton
HAL
$26.2B
| $35.9M | 0.09% |
941,500
+202,000
| +27% | +$6.99M |
|
155
Netflix
NFLX
$307B
| $35.9M | 0.09% |
375,691
+195,117
| +108% | +$17.2M |
|
156
PUT
UnitedHealth
UNH
$385B
| $35.3M | 0.09% |
102,000
-394,300
| -79% | -$117M |
|
157
CALL
ConocoPhillips
COP
$144B
| $35.1M | 0.09% |
291,700
+259,100
| +795% | +$28.7M |
|
158
CALL
PayPal
PYPL
$51.1B
| $34.8M | 0.09% |
684,600
+29,100
| +4% | +$1.4M |
|
159
PUT
Ares Management
ARES
$28.1B
| $34.8M | 0.09% |
290,100
+82,100
| +39% | +$10.9M |
|
160
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.53B
| $34.6M | 0.09% |
209,600
+192,500
| +1,126% | +$29M |
|
|
NBIS
161
CALL
Nebius Group N.V.
NBIS
$40.6B
| $34.6M | 0.09% |
220,800
-179,900
| -45% | -$18M |
|
162
PUT
Peabody Energy
BTU
$2.55B
| $34.3M | 0.09% |
1,267,800
| – | – |
|
163
CALL
Robinhood
HOOD
$81.9B
| $34M | 0.09% |
393,600
-742,300
| -65% | -$65.2M |
|
164
PUT
Affirm
AFRM
$24.2B
| $33.9M | 0.09% |
525,000
-673,600
| -56% | -$38.9M |
|
165
PUT
Caesars Entertainment
CZR
$6.07B
| $33.7M | 0.09% |
1,218,800
+1,168,800
| +2,338% | +$27.8M |
|
166
CALL
Capital One
COF
$129B
| $33.7M | 0.09% |
166,300
+152,700
| +1,123% | +$31.9M |
|
167
PUT
Danaher
DHR
$139B
| $33.7M | 0.09% |
173,100
+150,200
| +656% | +$32M |
|
168
CALL
Pfizer
PFE
$144B
| $33M | 0.09% |
1,207,200
-807,300
| -40% | -$21.5M |
|
|
169
Alphabet (Google) Class A
GOOGL
$4.17T
| $33M | 0.09% |
+114,602
| New | +$36M |
|
170
CALL
Newmont
NEM
$97B
| $32.6M | 0.08% |
297,900
-7,100
| -2% | -$818K |
|
171
PUT
GE Vernova
GEV
$244B
| $32.5M | 0.08% |
32,800
-57,900
| -64% | -$45.2M |
|
172
PUT
Antero Resources
AR
$10.8B
| $32.5M | 0.08% |
873,500
+595,900
| +215% | +$21.7M |
|
173
CALL
TSMC
TSM
$2.01T
| $32.3M | 0.08% |
95,500
-12,000
| -11% | -$4.13M |
|
174
CALL
Palantir
PLTR
$303B
| $32.1M | 0.08% |
219,300
+192,600
| +721% | +$29.4M |
|
175
CALL
Iris Energy
IREN
$11.2B
| $31.9M | 0.08% |
707,200
-956,500
| -57% | -$43.2M |
|
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.