We are live on ! Find out more
Parallax Volatility Advisers

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
+130.57%
5 Year Est. Return
+159.2%
10 Year Est. Return
+646.93%
AUM
$50.7B
AUM Growth
-$15.2B
Cap. Flow
-$16B
Cap. Flow %
-31.47%
Top 10 Hldgs %
39.98%
Holding
1,934
New
364
Increased
545
Reduced
471
Closed
329

Top Buys

Rank Stock Value
1
AXP icon
American Express
AXP
+$263M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$154M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$90.9M
4
BABA icon
Alibaba
BABA
+$47.6M
5
AVGO icon
Broadcom
AVGO
+$36.4M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$191M
2
NVDA icon
NVIDIA
NVDA
+$134M
3
GLD icon
SPDR Gold Trust
GLD
+$80.5M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$65.2M
5
GOOGL icon
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
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$8.88B 17.51%
13,015,600
-20,532,600
-61% -$13.9B
QQQ icon
2
PUT
Invesco QQQ Trust
QQQ
$458B
$2.32B 4.57%
3,768,600
-3,287,100
-47% -$2.02B
QQQ icon
3
CALL
Invesco QQQ Trust
QQQ
$458B
$1.91B 3.78%
3,116,300
-406,600
-12% -$250M
SPY icon
4
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$1.86B 3.68%
2,732,800
+402,800
+17% +$272M
IWM icon
5
PUT
iShares Russell 2000 ETF
IWM
$81.5B
$1.2B 2.36%
4,864,100
-2,986,200
-38% -$734M
TSLA icon
6
PUT
Tesla
TSLA
$1.23T
$1.13B 2.22%
2,505,900
+86,100
+4% +$38.2M
XLF icon
7
CALL
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
$964M 1.9%
17,601,200
+1,887,900
+12% +$101M
NVDA icon
8
PUT
NVIDIA
NVDA
$5.1T
$780M 1.54%
4,181,900
-1,226,100
-23% -$228M
XLF icon
9
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
$622M 1.23%
11,350,400
+3,303,000
+41% +$176M
META icon
10
CALL
Meta Platforms (Facebook)
META
$1.53T
$613M 1.21%
929,400
-92,900
-9% -$62M
AAPL icon
11
PUT
Apple
AAPL
$4.9T
$588M 1.16%
2,163,000
+465,000
+27% +$125M
META icon
12
PUT
Meta Platforms (Facebook)
META
$1.53T
$575M 1.13%
871,100
+129,800
+18% +$86.7M
GLD icon
13
PUT
SPDR Gold Trust
GLD
$131B
$517M 1.02%
1,305,000
-105,000
-7% -$40.1M
NVDA icon
14
CALL
NVIDIA
NVDA
$5.1T
$501M 0.99%
2,683,800
+301,300
+13% +$56.1M
AVGO icon
15
PUT
Broadcom
AVGO
$1.83T
$490M 0.97%
1,415,200
-241,500
-15% -$86.4M
GOOGL icon
16
PUT
Alphabet (Google) Class A
GOOGL
$3.91T
$485M 0.96%
1,550,100
+139,100
+10% +$39.7M
GLD icon
17
CALL
SPDR Gold Trust
GLD
$131B
$466M 0.92%
1,175,300
-2,740,600
-70% -$1.05B
TSLA icon
18
CALL
Tesla
TSLA
$1.23T
$350M 0.69%
779,300
+239,500
+44% +$106M
SMH icon
19
PUT
VanEck Semiconductor ETF
SMH
$68.6B
$310M 0.61%
860,400
-226,800
-21% -$79.6M
TSM icon
20
PUT
TSMC
TSM
$2.11T
$303M 0.6%
998,000
-403,100
-29% -$118M
ORCL icon
21
PUT
Oracle
ORCL
$342B
$302M 0.6%
1,549,500
+712,700
+85% +$170M
BA icon
22
PUT
Boeing
BA
$167B
$298M 0.59%
1,374,600
-48,500
-3% -$9.97M
GOOGL icon
23
CALL
Alphabet (Google) Class A
GOOGL
$3.91T
$290M 0.57%
925,900
-92,400
-9% -$26.4M
IWM icon
24
CALL
iShares Russell 2000 ETF
IWM
$81.5B
$288M 0.57%
1,171,000
-1,608,400
-58% -$395M
V icon
25
CALL
Visa
V
$673B
$279M 0.55%
796,800
+89,800
+13% +$30.6M
1
2 3 4 5

Similar funds

Empower Advisory Group
Empower Advisory Group Greenwood Village, Colorado $38.5B AUM 18.4% 1-Year Est. Return
Nomura Asset Management
Nomura Asset Management Tokyo, Japan $38.8B AUM 30.94% 1-Year Est. Return
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors Fairfield, Iowa $38.8B AUM 21.88% 1-Year Est. Return
Credit Agricole
Credit Agricole Montrouge Cedex, France $38.1B AUM
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC) Omaha, Nebraska $38.1B AUM 19.66% 1-Year Est. Return
Fayez Sarofim & Co
Fayez Sarofim & Co Houston, Texas $39.1B AUM 15.14% 1-Year Est. Return
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts $39.1B AUM 28.69% 1-Year Est. Return
Nomura Holdings
Nomura Holdings Tokyo, Japan $37.7B AUM 34.44% 1-Year Est. Return

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.