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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
+6.61%
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
$48.9B
AUM Growth
-$15.5B
(-24%)
Cap. Flow
-$21.8B
Cap. Flow
% of AUM
-44.45%
Top 10 Holdings %
Top 10 Hldgs %
29.42%
Holding
3,383
New
558
Increased
557
Reduced
1,347
Closed
726
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$110M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$97.1M |
| 3 |
VanEck Semiconductor ETF
SMH
|
+$83.8M |
| 4 |
SPDR Gold Trust
GLD
|
+$79.7M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$73.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$517M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$490M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$159M |
| 4 |
Booking.com
BKNG
|
+$85.1M |
| 5 |
United Airlines
UAL
|
+$47.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 0.68% |
| 2 | Consumer Discretionary | 0.52% |
| 3 | Financials | 0.5% |
| 4 | Communication Services | 0.29% |
| 5 | Healthcare | 0.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $3.71B | 7.58% |
9,060,900
-6,871,600
| -43% | -$2.74B |
|
|
2
PUT
Invesco QQQ Trust
QQQ
$450B
| $2.35B | 4.81% |
7,336,300
-2,650,600
| -27% | -$782M |
|
|
3
CALL
Invesco QQQ Trust
QQQ
$450B
| $1.66B | 3.39% |
5,177,400
-212,200
| -4% | -$62.6M |
|
|
4
PUT
iShares Russell 2000 ETF
IWM
$80.2B
| $1.51B | 3.08% |
8,457,000
+2,086,600
| +33% | +$384M |
|
|
5
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $1.22B | 2.48% |
2,968,100
-677,600
| -19% | -$270M |
|
6
CALL
Apple
AAPL
$4.9T
| $927M | 1.89% |
5,622,900
+3,128,600
| +125% | +$462M |
|
|
7
CALL
iShares Russell 2000 ETF
IWM
$80.2B
| $887M | 1.81% |
4,974,700
+632,500
| +15% | +$116M |
|
8
CALL
Microsoft
MSFT
$3.35T
| $792M | 1.62% |
2,748,700
+815,900
| +42% | +$208M |
|
9
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.4B
| $687M | 1.4% |
6,459,500
+2,426,300
| +60% | +$254M |
|
10
CALL
Meta Platforms (Facebook)
META
$1.37T
| $655M | 1.34% |
3,090,400
+1,572,300
| +104% | +$268M |
|
11
PUT
Tesla
TSLA
$1.22T
| $601M | 1.23% |
2,895,900
-273,400
| -9% | -$47.7M |
|
|
12
CALL
Tesla
TSLA
$1.22T
| $453M | 0.93% |
2,182,600
-2,298,100
| -51% | -$401M |
|
|
13
CALL
SPDR Gold Trust
GLD
$133B
| $442M | 0.9% |
2,411,200
-1,358,300
| -36% | -$239M |
|
|
14
PUT
Microsoft
MSFT
$3.35T
| $421M | 0.86% |
1,461,200
-138,000
| -9% | -$35.2M |
|
15
CALL
NVIDIA
NVDA
$4.72T
| $406M | 0.83% |
14,606,000
-8,819,000
| -38% | -$191M |
|
|
16
PUT
NVIDIA
NVDA
$4.72T
| $364M | 0.74% |
13,119,000
-3,690,000
| -22% | -$79.9M |
|
|
17
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.2B
| $345M | 0.71% |
8,336,200
+5,819,200
| +231% | +$249M |
|
18
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $344M | 0.7% |
4,553,000
+1,717,600
| +61% | +$129M |
|
|
19
PUT
SPDR Gold Trust
GLD
$133B
| $332M | 0.68% |
1,813,600
-675,300
| -27% | -$119M |
|
|
20
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.4B
| $314M | 0.64% |
2,950,400
+782,500
| +36% | +$81.9M |
|
|
21
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.2B
| $311M | 0.64% |
7,508,400
+4,031,200
| +116% | +$172M |
|
22
CALL
Netflix
NFLX
$305B
| $295M | 0.6% |
8,539,000
+3,168,000
| +59% | +$105M |
|
23
CALL
Advanced Micro Devices
AMD
$791B
| $292M | 0.6% |
2,980,200
+230,000
| +8% | +$18.7M |
|
24
CALL
JPMorgan Chase
JPM
$933B
| $288M | 0.59% |
2,207,400
-2,286,200
| -51% | -$313M |
|
25
PUT
Palo Alto Networks
PANW
$265B
| $284M | 0.58% |
2,845,800
-1,522,400
| -35% | -$129M |
|
Similar funds
Parallax Volatility Advisers's Q1 2023 Portfolio in Review
As of Q1 2023, Parallax Volatility Advisers held 3,383 positions worth $48.9B, down 24% from $64.4B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Parallax Volatility Advisers withdrew a net $21.8B in Q1 2023, closing 726 positions and reducing 1,347 holdings. Its most notable exit was Caterpillar, an estimated $40.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 0.68% of assets, up from 0.62% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Parallax Volatility Advisers opened a new position in Cigna worth $39.7M.
- Parallax Volatility Advisers's largest Q1 2023 buy was Cigna: 155,245 shares worth $39.7M.
- Parallax Volatility Advisers added most to State Street SPDR S&P Regional Banking ETF in Q1 2023, an estimated $110M increase.
- Parallax Volatility Advisers's biggest Q1 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $517M.
- Parallax Volatility Advisers fully exited Caterpillar in Q1 2023, selling an estimated $40.4M.
- Parallax Volatility Advisers's ten largest holdings make up 29% of its $48.9B portfolio in Q1 2023.
- Parallax Volatility Advisers opened 558 new positions and closed 726 in Q1 2023.
- Parallax Volatility Advisers's portfolio value fell 24% quarter-over-quarter to $48.9B.
Based on Parallax Volatility Advisers's 13F filing for Q1 2023, filed 15 May 2023.