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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
+0.98%
1 Year Est. Return
+48.58%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$750M
AUM Growth
-$199M
(-21%)
Cap. Flow
-$49M
Cap. Flow % of AUM
Cap. Flow %
-6.53%
Top 10 Holdings %
Top 10 Hldgs %
75.38%
Holding
75
New
17
Increased
15
Reduced
27
Closed
15
Avg Time Held
Equity + Options
0.4
years
Top 10 Avg Time Held
Equity + Options
0.3
years
Top 20 Avg Time Held
Equity + Options
0.2
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.1
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Real Estate ETF
IYR
|
+$7.16M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$5.88M |
| 3 |
State Street SPDR S&P Biotech ETF
XBI
|
+$2.06M |
| 4 |
Vanguard Real Estate ETF
VNQ
|
+$1.65M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$1.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$16.8M |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$13.9M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$11.4M |
| 4 |
United States Oil Fund
USO
|
+$4.52M |
| 5 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$4.1M |
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
$20.4B
| $227M | 30.29% |
2,421,100
+233,500
| +11% | +$29.5M |
2017 Q4
3 quarters
|
|
|
2
PUT
iShares S&P 100 ETF
OEF
$20.4B
| $170M | 22.74% |
2,088,200
+364,100
| +21% | +$46.1M |
2017 Q4
3 quarters
|
|
3
CALL
United States Natural Gas Fund
UNG
$498M
| $38M | 5.07% |
382,550
+24,425
| +7% | +$2.29M |
2018 Q2
1 quarter
|
|
|
4
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.1B
| $31.1M | 4.15% |
117,700
-102,500
| -47% | -$26.2M |
2018 Q2
1 quarter
|
|
5
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $30.2M | 4.02% |
1,131,300
-805,000
| -42% | -$24.2M |
2017 Q4
3 quarters
|
|
6
CALL
Invesco QQQ Trust
QQQ
$470B
| $16.3M | 2.17% |
87,600
-27,400
| -24% | -$4.96M |
2018 Q2
1 quarter
|
|
7
CALL
SPDR Gold Trust
GLD
$135B
| $14.8M | 1.97% |
+130,800
| New | +$15M |
2018 Q3
0 quarters
|
|
8
PUT
iShares Morningstar Value ETF
ILCV
$1.4B
| $12.8M | 1.71% |
296,800
| – | – |
2018 Q2
1 quarter
|
|
|
9
PUT
United States Natural Gas Fund
UNG
$498M
| $12.8M | 1.7% |
+128,500
| New | +$12M |
2018 Q2
1 quarter
|
|
10
PUT
iShares MSCI Australia ETF
EWA
$1.26B
| $11.6M | 1.55% |
257,100
+151,400
| +143% | +$3.41M |
2017 Q4
3 quarters
|
|
11
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.45B
| $11.5M | 1.54% |
322,600
-563,400
| -64% | -$16.6M |
2017 Q4
3 quarters
|
|
|
12
PUT
Invesco QQQ Trust
QQQ
$470B
| $10.7M | 1.43% |
57,700
-121,800
| -68% | -$22M |
2018 Q2
1 quarter
|
|
13
CALL
iShares Core MSCI Emerging Markets ETF
IEMG
$148B
| $10.7M | 1.43% |
177,500
+139,800
| +371% | +$7.3M |
2017 Q4
3 quarters
|
|
|
14
CALL
iShares MSCI Australia ETF
EWA
$1.26B
| $10.3M | 1.37% |
273,800
+71,300
| +35% | +$1.6M |
2017 Q4
3 quarters
|
|
|
15
PUT
iShares Core MSCI Emerging Markets ETF
IEMG
$148B
| $9.9M | 1.32% |
164,700
+150,800
| +1,085% | +$7.87M |
2017 Q4
3 quarters
|
|
|
16
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.45B
| $8.72M | 1.16% |
262,800
-521,600
| -66% | -$15.4M |
2017 Q4
3 quarters
|
|
17
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.6B
| $8.26M | 1.1% |
+141,000
| New | +$8.03M |
2018 Q3
0 quarters
|
|
|
18
PUT
SPDR Gold Trust
GLD
$135B
| $8.1M | 1.08% |
+71,800
| New | +$8.24M |
2018 Q3
0 quarters
|
|
19
PUT
WisdomTree US Total Dividend Fund
DTD
$1.69B
| $7.9M | 1.05% |
272,800
-19,400
| -7% | -$920K |
2018 Q1
2 quarters
|
|
20
CALL
State Street Technology Select Sector SPDR ETF
XLK
$118B
| $7.64M | 1.02% |
202,800
+172,400
| +567% | +$6.32M |
2018 Q2
1 quarter
|
|
21
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$31.1B
| $7.31M | 0.98% |
93,300
-60,300
| -39% | -$4.59M |
2017 Q4
3 quarters
|
|
|
22
iShares US Real Estate ETF
IYR
$4.08B
| $7.02M | 0.94% |
+87,767
| New | +$7.16M |
2018 Q3
0 quarters
|
|
|
23
CALL
WisdomTree US Total Dividend Fund
DTD
$1.69B
| $6.89M | 0.92% |
237,800
-167,200
| -41% | -$7.93M |
2018 Q1
2 quarters
|
|
|
24
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $6.57M | 0.88% |
246,500
-2,400
| -1% | -$72.1K |
2017 Q4
3 quarters
|
|
|
25
iShares MSCI Emerging Markets ETF
EEM
$28.6B
| $5.85M | 0.78% |
+136,272
| New | +$5.88M |
2018 Q3
0 quarters
|
|
Similar funds
QVR's Q3 2018 Portfolio in Review
As of Q3 2018, QVR held 75 positions worth $750M, down 21% from $948M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
QVR withdrew a net $49M in Q3 2018, closing 15 positions and reducing 27 holdings. Its most notable exit was State Street SPDR Dow Jones Industrial Average ETF Trust, an estimated $16.8M position sold in full.
Against the trend, QVR opened a new position in iShares US Real Estate ETF worth $7.02M.
- QVR's largest Q3 2018 buy was iShares US Real Estate ETF: 87,767 shares worth $7.02M.
- QVR added most to State Street Health Care Select Sector SPDR ETF in Q3 2018, an estimated $1.22M increase.
- QVR's biggest Q3 2018 reduction was iShares MSCI EAFE ETF, cutting an estimated $13.9M.
- QVR fully exited State Street SPDR Dow Jones Industrial Average ETF Trust in Q3 2018, selling an estimated $16.8M.
- QVR's ten largest holdings make up 75% of its $750M portfolio in Q3 2018.
- QVR opened 17 new positions and closed 15 in Q3 2018.
- QVR's portfolio value fell 21% quarter-over-quarter to $750M.
Based on QVR's 13F filing for Q3 2018, filed 14 Nov 2018.