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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
+2.96%
1 Year Est. Return
+48.58%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$836M
AUM Growth
+$52.4M
(+6.7%)
Cap. Flow
+$71.3M
Cap. Flow % of AUM
Cap. Flow %
8.53%
Top 10 Holdings %
Top 10 Hldgs %
79.91%
Holding
92
New
10
Increased
18
Reduced
16
Closed
48
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.2
years
Top 20 Avg Time Held
Equity + Options
0.3
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$62.9M |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$8.82M |
| 3 |
VanEck Semiconductor ETF
SMH
|
+$6.12M |
| 4 |
iShares Silver Trust
SLV
|
+$5.17M |
| 5 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$3.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$7.88M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$5.54M |
| 3 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$3.02M |
| 4 |
State Street SPDR S&P Biotech ETF
XBI
|
+$2.83M |
| 5 |
State Street SPDR S&P Retail ETF
XRT
|
+$2.22M |
Sector Composition
| Rank | Sector | Weight |
|---|
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$48.5B
| $179M | 21.37% |
1,248,400
+53,800
| +5% | +$7.48M |
2018 Q4
3 quarters
|
|
|
2
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$48.5B
| $162M | 19.42% |
1,134,500
+339,000
| +43% | +$47.1M |
2018 Q4
3 quarters
|
|
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $63.2M | 7.56% |
+212,909
| New | +$62.9M |
2019 Q3
0 quarters
|
|
4
PUT
iShares China Large-Cap ETF
FXI
$3.89B
| $49.1M | 5.88% |
1,233,700
+824,200
| +201% | +$33.4M |
2018 Q4
3 quarters
|
|
5
PUT
iShares Russell 2000 ETF
IWM
$78.6B
| $44.2M | 5.29% |
292,000
+174,200
| +148% | +$26.6M |
2018 Q4
3 quarters
|
|
|
6
CALL
iShares China Large-Cap ETF
FXI
$3.89B
| $41.7M | 4.99% |
1,048,700
+920,800
| +720% | +$37.4M |
2018 Q4
3 quarters
|
|
|
7
CALL
iShares Russell 2000 ETF
IWM
$78.6B
| $39.8M | 4.76% |
262,700
+23,400
| +10% | +$3.57M |
2018 Q4
3 quarters
|
|
8
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.5B
| $33.2M | 3.97% |
+260,300
| New | +$32.8M |
2019 Q3
0 quarters
|
|
9
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$128M
| $29M | 3.47% |
+19,105
| New | +$30.4M |
2019 Q3
0 quarters
|
|
|
10
CALL
iShares MSCI EAFE ETF
EFA
$77.7B
| $26.7M | 3.19% |
409,300
-264,400
| -39% | -$17M |
2018 Q4
3 quarters
|
|
|
11
PUT
iShares MSCI EAFE ETF
EFA
$77.7B
| $26.2M | 3.14% |
402,000
+105,500
| +36% | +$6.8M |
2018 Q4
3 quarters
|
|
12
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.06B
| $20.5M | 2.45% |
1,216,800
+1,156,800
| +1,928% | +$18.7M |
2019 Q2
1 quarter
|
|
13
PUT
iShares MSCI South Korea ETF
EWY
$21.7B
| $17.4M | 2.08% |
308,700
+165,600
| +116% | +$9.16M |
2018 Q4
3 quarters
|
|
|
14
PUT
VanEck Semiconductor ETF
SMH
$65.8B
| $13.7M | 1.64% |
230,400
+95,800
| +71% | +$5.54M |
2019 Q1
2 quarters
|
|
15
PUT
Invesco QQQ Trust
QQQ
$469B
| $9.9M | 1.19% |
52,600
-67,900
| -56% | -$12.9M |
2018 Q2
5 quarters
|
|
|
16
iShares MSCI EAFE ETF
EFA
$77.7B
| $8.93M | 1.07% |
+136,922
| New | +$8.82M |
2019 Q3
0 quarters
|
|
|
17
CALL
iShares MSCI South Korea ETF
EWY
$21.7B
| $8.16M | 0.98% |
144,900
-27,700
| -16% | -$1.53M |
2018 Q4
3 quarters
|
|
18
PUT
iShares MSCI Japan ETF
EWJ
$23.4B
| $6.98M | 0.84% |
123,100
+18,800
| +18% | +$1.03M |
2018 Q4
3 quarters
|
|
|
19
State Street Utilities Select Sector SPDR ETF
XLU
$24.2B
| $6.66M | 0.8% |
205,704
+127,704
| +164% | +$3.94M |
2019 Q2
1 quarter
|
|
|
20
iShares Silver Trust
SLV
$25.2B
| $6.6M | 0.79% |
414,349
+325,104
| +364% | +$5.17M |
2019 Q2
1 quarter
|
|
|
21
VanEck Semiconductor ETF
SMH
$65.8B
| $6.3M | 0.75% |
+105,782
| New | +$6.12M |
2019 Q3
0 quarters
|
|
22
PUT
Beyond Meat
BYND
$108M
| $6.03M | 0.72% |
1,353
+1,096
| +426% | +$5.41M |
2019 Q2
1 quarter
|
|
|
23
CALL
iShares MSCI Japan ETF
EWJ
$23.4B
| $4.1M | 0.49% |
72,300
+4,000
| +6% | +$219K |
2018 Q4
3 quarters
|
|
24
iShares US Real Estate ETF
IYR
$4B
| $4.02M | 0.48% |
+42,993
| New | +$3.92M |
2019 Q3
0 quarters
|
|
|
25
WisdomTree Japan Hedged Equity Fund
DXJ
$7.06B
| $3.46M | 0.41% |
+205,734
| New | +$3.32M |
2019 Q3
0 quarters
|
|
Similar funds
QVR's Q3 2019 Portfolio in Review
As of Q3 2019, QVR held 92 positions worth $836M, up 6.7% from $783M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
QVR deployed $71.3M of net new capital in Q3 2019, opening 10 new positions and adding to 18 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 212,909 shares worth $63.2M.
On the sell side, the largest reduction was State Street SPDR S&P Oil & Gas Exploration & Production ETF, an estimated $3.02M trimmed.
- QVR's largest Q3 2019 buy was State Street SPDR S&P 500 ETF Trust: 212,909 shares worth $63.2M.
- QVR added most to iShares Silver Trust in Q3 2019, an estimated $5.17M increase.
- QVR's biggest Q3 2019 reduction was State Street SPDR S&P Oil & Gas Exploration & Production ETF, cutting an estimated $3.02M.
- QVR fully exited State Street SPDR Dow Jones Industrial Average ETF Trust in Q3 2019, selling an estimated $7.88M.
- QVR's ten largest holdings make up 80% of its $836M portfolio in Q3 2019.
- QVR opened 10 new positions and closed 48 in Q3 2019.
- QVR's portfolio value rose 6.7% quarter-over-quarter to $836M.
Based on QVR's 13F filing for Q3 2019, filed 1 Nov 2019.