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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
+24.09%
1 Year Est. Return
+48.58%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$827M
AUM Growth
-$152M
(-16%)
Cap. Flow
-$28.7M
Cap. Flow % of AUM
Cap. Flow %
-3.47%
Top 10 Holdings %
Top 10 Hldgs %
87.34%
Holding
151
New
79
Increased
26
Reduced
11
Closed
34
Avg Time Held
Equity + Options
0.1
years
Top 10 Avg Time Held
Equity + Options
0.1
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
0.2
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$13.3M |
| 2 |
NVIDIA
NVDA
|
+$8.8M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$5.76M |
| 4 |
Tesla
TSLA
|
+$4.39M |
| 5 |
Johnson & Johnson
JNJ
|
+$2.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$38.4M |
| 2 |
Costco
COST
|
+$22.7M |
| 3 |
Target
TGT
|
+$11M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$2.12M |
| 5 |
Coca-Cola
KO
|
+$1.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 90.52% |
| 2 | Technology | 4.97% |
| 3 | Communication Services | 1.55% |
| 4 | Consumer Discretionary | 1.11% |
| 5 | Healthcare | 0.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
PUT
NVIDIA
NVDA
$3.93T
| $155M | 18.73% |
830,600
+21,200
| +3% | +$3.7M |
2025 Q2
1 quarter
|
|
2
PUT
Palantir
PLTR
$405B
| $136M | 16.45% |
746,300
+210,700
| +39% | +$34.1M |
2025 Q2
1 quarter
|
|
3
PUT
Alphabet (Google) Class C
GOOG
$3.6T
| $90M | 10.88% |
369,500
+42,900
| +13% | +$9.02M |
2025 Q2
1 quarter
|
|
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $61.3M | 7.41% |
92,000
+56,600
| +160% | +$36.3M |
2025 Q2
1 quarter
|
|
|
5
PUT
Tesla
TSLA
$1.54T
| $59.6M | 7.2% |
134,000
-69,700
| -34% | -$24.2M |
2025 Q2
1 quarter
|
|
6
PUT
Advanced Micro Devices
AMD
$876B
| $53.4M | 6.45% |
329,800
+140,200
| +74% | +$22.6M |
2025 Q2
1 quarter
|
|
|
7
PUT
Alphabet (Google) Class A
GOOGL
$3.64T
| $52.6M | 6.35% |
216,300
+88,800
| +70% | +$18.6M |
2025 Q2
1 quarter
|
|
8
PUT
Amazon
AMZN
$2.88T
| $51.5M | 6.23% |
234,700
+34,000
| +17% | +$7.7M |
2025 Q2
1 quarter
|
|
9
PUT
Meta Platforms (Facebook)
META
$1.64T
| $45.8M | 5.54% |
62,400
+19,700
| +46% | +$14.7M |
2025 Q2
1 quarter
|
|
|
10
Apple
AAPL
$5.18T
| $17.4M | 2.1% |
68,350
+58,825
| +618% | +$13.3M |
2025 Q2
1 quarter
|
|
|
11
NVIDIA
NVDA
$3.93T
| $13.1M | 1.59% |
70,385
+50,480
| +254% | +$8.8M |
2025 Q2
1 quarter
|
|
|
12
PUT
Apple
AAPL
$5.18T
| $9.4M | 1.14% |
+36,900
| New | +$8.34M |
2025 Q3
0 quarters
|
|
|
13
Alphabet (Google) Class A
GOOGL
$3.64T
| $7.7M | 0.93% |
31,686
+27,486
| +654% | +$5.76M |
2025 Q2
1 quarter
|
|
|
14
Tesla
TSLA
$1.54T
| $7.34M | 0.89% |
16,503
+12,656
| +329% | +$4.39M |
2025 Q2
1 quarter
|
|
|
15
Alphabet (Google) Class C
GOOG
$3.6T
| $5.15M | 0.62% |
21,143
+7,722
| +58% | +$1.62M |
2025 Q2
1 quarter
|
|
|
16
Palantir
PLTR
$405B
| $4.13M | 0.5% |
22,657
+2,157
| +11% | +$350K |
2025 Q2
1 quarter
|
|
|
17
CALL
NVIDIA
NVDA
$3.93T
| $3.73M | 0.45% |
+20,000
| New | +$3.49M |
2025 Q3
0 quarters
|
|
|
18
Johnson & Johnson
JNJ
$688B
| $3.02M | 0.37% |
+16,300
| New | +$2.79M |
2025 Q3
0 quarters
|
|
19
AbbVie
ABBV
$521B
| $2.81M | 0.34% |
+12,130
| New | +$2.47M |
2025 Q3
0 quarters
|
|
20
PUT
Broadcom
AVGO
$1.66T
| $2.74M | 0.33% |
8,300
+7,300
| +730% | +$2.24M |
2025 Q2
1 quarter
|
|
21
CALL
Microsoft
MSFT
$3.89T
| $2.33M | 0.28% |
4,500
+3,500
| +350% | +$1.79M |
2025 Q2
1 quarter
|
|
22
PUT
KraneShares CSI China Internet ETF
KWEB
$4.68B
| $2.1M | 0.25% |
50,000
-62,000
| -55% | -$2.33M |
2025 Q2
1 quarter
|
|
|
23
Invesco QQQ Trust
QQQ
$467B
| $2.04M | 0.25% |
3,402
-3,698
| -52% | -$2.12M |
2025 Q2
1 quarter
|
|
|
24
Advanced Micro Devices
AMD
$876B
| $1.9M | 0.23% |
11,751
+11,126
| +1,780% | +$1.8M |
2025 Q2
1 quarter
|
|
25
CALL
SPDR Gold Trust
GLD
$130B
| $1.78M | 0.21% |
5,000
+4,000
| +400% | +$1.27M |
2025 Q2
1 quarter
|
|
Similar funds
QVR's Q3 2025 Portfolio in Review
As of Q3 2025, QVR held 151 positions worth $827M, down 16% from $979M the previous quarter. Its ten largest holdings account for 87% of the portfolio.
QVR withdrew a net $28.7M in Q3 2025, closing 34 positions and reducing 11 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $38.4M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, down from 94% a quarter earlier, followed by Technology and Communication Services.
Against the trend, QVR opened a new position in Johnson & Johnson worth $3.02M.
- QVR's largest Q3 2025 buy was Johnson & Johnson: 16,300 shares worth $3.02M.
- QVR added most to Apple in Q3 2025, an estimated $13.3M increase.
- QVR's biggest Q3 2025 reduction was Invesco QQQ Trust, cutting an estimated $2.12M.
- QVR fully exited State Street SPDR S&P 500 ETF Trust in Q3 2025, selling an estimated $38.4M.
- QVR's ten largest holdings make up 87% of its $827M portfolio in Q3 2025.
- QVR opened 79 new positions and closed 34 in Q3 2025.
- QVR's portfolio value fell 16% quarter-over-quarter to $827M.
Based on QVR's 13F filing for Q3 2025, filed 27 Oct 2025.