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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
-5.77%
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
$36.9B
AUM Growth
-$14.6B
(-28%)
Cap. Flow
-$12.3B
Cap. Flow
% of AUM
-33.2%
Top 10 Holdings %
Top 10 Hldgs %
34.8%
Holding
2,248
New
267
Increased
417
Reduced
704
Closed
731
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$119M |
| 2 |
Visa
V
|
+$49.6M |
| 3 |
Delta Air Lines
DAL
|
+$41.9M |
| 4 |
Broadcom
AVGO
|
+$40.4M |
| 5 |
Etsy
ETSY
|
+$39.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$172M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$93.4M |
| 3 |
American Express
AXP
|
+$84.7M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$76.5M |
| 5 |
NVIDIA
NVDA
|
+$76M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.6% |
| 2 | Consumer Discretionary | 0.92% |
| 3 | Financials | 0.88% |
| 4 | Industrials | 0.64% |
| 5 | Communication Services | 0.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
PUT
United Rentals
URI
$73.3B
| $29.5M | 0.08% |
47,100
-31,600
| -40% | -$21.7M |
|
202
PUT
Super Micro Computer
SMCI
$19.8B
| $29.3M | 0.08% |
855,200
-1,389,800
| -62% | -$52.7M |
|
203
Cloudflare
NET
$109B
| $29.1M | 0.08% |
258,329
-47,252
| -15% | -$6.26M |
|
204
CALL
Northrop Grumman
NOC
$80.8B
| $28.9M | 0.08% |
+56,400
| New | +$26.9M |
|
205
PUT
RTX Corp
RTX
$299B
| $28.8M | 0.08% |
217,200
+137,200
| +172% | +$17.4M |
|
206
CALL
AstraZeneca
AZN
$249B
| $28.7M | 0.08% |
195,450
+50,950
| +35% | +$7.37M |
|
207
CALL
Bristol-Myers Squibb
BMY
$131B
| $28.6M | 0.08% |
469,700
+290,100
| +162% | +$16.9M |
|
208
CALL
Merck
MRK
$316B
| $28.3M | 0.08% |
315,100
+260,500
| +477% | +$24.3M |
|
209
PUT
DoorDash
DASH
$95.9B
| $28.1M | 0.08% |
153,900
-57,000
| -27% | -$10.7M |
|
210
CALL
Netflix
NFLX
$309B
| $27.9M | 0.08% |
299,000
+11,000
| +4% | +$1.05M |
|
211
VanEck Gold Miners ETF
GDX
$27.1B
| $26.9M | 0.07% |
584,987
+584,986
| +58,498,600% | +$23.7M |
|
212
PUT
Lam Research
LRCX
$386B
| $26.9M | 0.07% |
369,600
-605,200
| -62% | -$47.7M |
|
213
PUT
HSBC
HSBC
$355B
| $26.6M | 0.07% |
462,500
+204,300
| +79% | +$11.2M |
|
214
Cigna
CI
$74.3B
| $26.6M | 0.07% |
80,730
-68,785
| -46% | -$20.7M |
|
215
PUT
CrowdStrike
CRWD
$217B
| $26.5M | 0.07% |
300,800
-122,400
| -29% | -$11.7M |
|
216
PUT
Snowflake
SNOW
$113B
| $26.5M | 0.07% |
181,000
-50,900
| -22% | -$8.64M |
|
217
PUT
Amgen
AMGN
$220B
| $26.3M | 0.07% |
84,300
+5,300
| +7% | +$1.57M |
|
218
PUT
Caterpillar
CAT
$388B
| $26.3M | 0.07% |
79,600
-2,800
| -3% | -$997K |
|
219
Uber
UBER
$153B
| $25.8M | 0.07% |
354,152
-713,846
| -67% | -$51.4M |
|
220
CALL
CRH
CRH
$66.7B
| $25.7M | 0.07% |
+292,400
| New | +$28.8M |
|
221
Arm
ARM
$303B
| $25.7M | 0.07% |
240,571
-441,595
| -65% | -$61.6M |
|
222
PUT
Marvell Technology
MRVL
$195B
| $25.6M | 0.07% |
416,200
+20,100
| +5% | +$1.95M |
|
223
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $25.3M | 0.07% |
60,340
+57,631
| +2,127% | +$24.9M |
|
224
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.2B
| $25.3M | 0.07% |
256,600
-33,000
| -11% | -$3.58M |
|
225
United Airlines
UAL
$42.1B
| $25.2M | 0.07% |
364,648
-13,865
| -4% | -$1.31M |
|
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Parallax Volatility Advisers's Q1 2025 Portfolio in Review
As of Q1 2025, Parallax Volatility Advisers held 2,248 positions worth $36.9B, down 28% from $51.6B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Parallax Volatility Advisers withdrew a net $12.3B in Q1 2025, closing 731 positions and reducing 704 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $93.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.6% of assets, up from 1.8% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Parallax Volatility Advisers opened a new position in Visa worth $51.3M.
- Parallax Volatility Advisers's largest Q1 2025 buy was Visa: 146,472 shares worth $51.3M.
- Parallax Volatility Advisers added most to TSMC in Q1 2025, an estimated $119M increase.
- Parallax Volatility Advisers's biggest Q1 2025 reduction was GE Aerospace, cutting an estimated $172M.
- Parallax Volatility Advisers fully exited Invesco QQQ Trust in Q1 2025, selling an estimated $93.4M.
- Parallax Volatility Advisers's ten largest holdings make up 35% of its $36.9B portfolio in Q1 2025.
- Parallax Volatility Advisers opened 267 new positions and closed 731 in Q1 2025.
- Parallax Volatility Advisers's portfolio value fell 28% quarter-over-quarter to $36.9B.
Based on Parallax Volatility Advisers's 13F filing for Q1 2025, filed 15 May 2025.