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QVR Portfolio holdings
AUM
$2.49B
Turnover
74.21%
1-Year Est. Return
48.58%
QVR is a hedge fund firm founded in 2017 that specialized in trading volatility through options and derivatives. Its founder and managing partner is Benn Eifert. Its fund was later converted into a multi-strategy vehicle, and in May 2026 the firm said it was closing the fund and seeking to sell its management business.
This Fund
S&P 500
This Quarter Est. Return
+0.62%
1 Year Est. Return
+48.58%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$948M
AUM Growth
+$375M
(+65%)
Cap. Flow
+$42M
Cap. Flow % of AUM
Cap. Flow %
4.43%
Top 10 Holdings %
Top 10 Hldgs %
70.74%
Holding
74
New
24
Increased
20
Reduced
14
Closed
15
Avg Time Held
Equity + Options
0.2
years
Top 10 Avg Time Held
Equity + Options
0.2
years
Top 20 Avg Time Held
Equity + Options
0.1
years
Avg Time Held Equity only
0.1
years
Top 10 Avg Time Held Equity only
0
years
Top 20 Avg Time Held Equity only
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$16.1M |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$15.3M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$11.4M |
| 4 |
United States Oil Fund
USO
|
+$7.44M |
| 5 |
iShares MSCI South Korea ETF
EWY
|
+$4.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Real Estate ETF
IYR
|
+$7.4M |
| 2 |
SPDR Gold Trust
GLD
|
+$5.88M |
| 3 |
State Street SPDR S&P Biotech ETF
XBI
|
+$3.56M |
| 4 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$3.01M |
| 5 |
iShares MSCI Brazil ETF
EWZ
|
+$2.91M |
Sector Composition
| Rank | Sector | Weight |
|---|
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
iShares S&P 100 ETF
OEF
$20B
| $207M | 21.85% |
2,187,600
+1,252,400
| +134% | +$149M |
2017 Q4
2 quarters
|
|
|
2
PUT
iShares S&P 100 ETF
OEF
$20B
| $154M | 16.22% |
1,724,100
+778,500
| +82% | +$92.7M |
2017 Q4
2 quarters
|
|
3
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $71.6M | 7.55% |
1,936,300
-139,400
| -7% | -$5.39M |
2017 Q4
2 quarters
|
|
|
4
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45B
| $53.4M | 5.63% |
+220,200
| New | +$54.1M |
2018 Q2
0 quarters
|
|
5
PUT
State Street SPDR NYSE Technology ETF
XNTK
$1.75B
| $35.4M | 3.73% |
617,000
+38,400
| +7% | +$3.54M |
2017 Q4
2 quarters
|
|
6
CALL
United States Natural Gas Fund
UNG
$491M
| $34M | 3.58% |
+358,125
| New | +$33.1M |
2018 Q2
0 quarters
|
|
7
PUT
Invesco QQQ Trust
QQQ
$463B
| $30.8M | 3.25% |
+179,500
| New | +$30.1M |
2018 Q2
0 quarters
|
|
|
8
CALL
State Street SPDR NYSE Technology ETF
XNTK
$1.75B
| $30.7M | 3.24% |
511,100
-98,200
| -16% | -$9.05M |
2017 Q4
2 quarters
|
|
|
9
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45B
| $28.3M | 2.98% |
+116,500
| New | +$28.6M |
2018 Q2
0 quarters
|
|
10
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.31B
| $25.6M | 2.7% |
886,000
+845,200
| +2,072% | +$24.8M |
2017 Q4
2 quarters
|
|
|
11
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.31B
| $23.3M | 2.46% |
784,400
+772,200
| +6,330% | +$22.6M |
2017 Q4
2 quarters
|
|
|
12
CALL
Invesco QQQ Trust
QQQ
$463B
| $19.7M | 2.08% |
+115,000
| New | +$19.3M |
2018 Q2
0 quarters
|
|
|
13
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45B
| $15.9M | 1.68% |
+65,497
| New | +$16.1M |
2018 Q2
0 quarters
|
|
|
14
PUT
United States Natural Gas Fund
UNG
$491M
| – | – |
0
| – | – |
2018 Q2
0 quarters
|
|
|
15
iShares MSCI EAFE ETF
EFA
$76.5B
| $14.6M | 1.54% |
+218,163
| New | +$15.3M |
2018 Q2
0 quarters
|
|
16
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$31.7B
| $12.9M | 1.36% |
180,200
+97,300
| +117% | +$7.22M |
2017 Q4
2 quarters
|
|
17
PUT
iShares Morningstar Value ETF
ILCV
$1.37B
| $12.6M | 1.33% |
+296,800
| New | +$15.2M |
2018 Q2
0 quarters
|
|
18
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$48.4B
| $12M | 1.26% |
143,200
+88,300
| +161% | +$7.32M |
2018 Q1
1 quarter
|
|
|
19
State Street SPDR S&P 500 ETF Trust
SPY
$798B
| $11.4M | 1.21% |
+42,203
| New | +$11.4M |
2018 Q2
0 quarters
|
|
20
CALL
iShares MSCI Australia ETF
EWA
$1.23B
| $11.2M | 1.18% |
202,500
-141,200
| -41% | -$3.18M |
2017 Q4
2 quarters
|
|
|
21
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$31.7B
| $11M | 1.16% |
153,600
+78,400
| +104% | +$5.81M |
2017 Q4
2 quarters
|
|
22
CALL
WisdomTree US Total Dividend Fund
DTD
$1.67B
| $10.9M | 1.15% |
405,000
+240,600
| +146% | +$10.9M |
2018 Q1
1 quarter
|
|
|
23
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$48.4B
| $10.8M | 1.14% |
129,000
+72,100
| +127% | +$5.98M |
2018 Q1
1 quarter
|
|
|
24
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $9.21M | 0.97% |
248,900
-84,900
| -25% | -$3.28M |
2017 Q4
2 quarters
|
|
|
25
United States Oil Fund
USO
$1.81B
| $8.16M | 0.86% |
+67,768
| New | +$7.44M |
2018 Q2
0 quarters
|
|
Similar funds
QVR's Q2 2018 Portfolio in Review
As of Q2 2018, QVR held 74 positions worth $948M, up 65% from $574M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
QVR deployed $42M of net new capital in Q2 2018, opening 24 new positions and adding to 20 existing holdings. Its largest new stake was State Street SPDR Dow Jones Industrial Average ETF Trust: 65,497 shares worth $15.9M.
On the sell side, the largest reduction was Invesco CurrencyShares Euro Currency Trust, an estimated $1.13M trimmed.
- QVR's largest Q2 2018 buy was State Street SPDR Dow Jones Industrial Average ETF Trust: 65,497 shares worth $15.9M.
- QVR added most to iShares MSCI South Korea ETF in Q2 2018, an estimated $4.32M increase.
- QVR's biggest Q2 2018 reduction was Invesco CurrencyShares Euro Currency Trust, cutting an estimated $1.13M.
- QVR fully exited iShares US Real Estate ETF in Q2 2018, selling an estimated $7.4M.
- QVR's ten largest holdings make up 71% of its $948M portfolio in Q2 2018.
- QVR opened 24 new positions and closed 15 in Q2 2018.
- QVR's portfolio value rose 65% quarter-over-quarter to $948M.
Based on QVR's 13F filing for Q2 2018, filed 1 Aug 2018.