Parallax Volatility Advisers, L.P. recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
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As of the latest 13F report, the guru’s equity portfolio contained 3044 stocks valued at a total of $64.24Bil. The top holdings were QQQ(0.86%), IWM(0.66%), and CI(0.63%).
According to GuruFocus data, these were Parallax Volatility Advisers, L.P.’s top five trades of the quarter.
GSK PLC
Parallax Volatility Advisers, L.P. reduced their investment in NYSE:GSK by 12,762,447 shares. The trade had a 2.28% impact on the equity portfolio. During the quarter, the stock traded for an average price of $36.57.
On 11/22/2022, GSK PLC traded for a price of $33.44 per share and a market cap of $68.01Bil. The stock has returned -17.41% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, GSK PLC has a price-earnings ratio of 4.24, a price-book ratio of 6.18, a price-earnings-to-growth (PEG) ratio of 0.90, a EV-to-Ebitda ratio of 6.40 and a price-sales ratio of 1.37.
The price-to-GF Value ratio is 1.04, earning the stock a GF Value rank of 6.
INVESCO QQQ Trust
During the quarter, Parallax Volatility Advisers, L.P. bought 1,516,059 shares of NAS:QQQ for a total holding of 2,062,767. The trade had a 0.63% impact on the equity portfolio. During the quarter, the stock traded for an average price of $301.34.
On 11/22/2022, INVESCO QQQ Trust traded for a price of $281.89 per share and a market cap of $158.76Bil. The stock has returned -29.79% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, INVESCO QQQ Trust has a price-earnings ratio of 23.35 and a price-book ratio of 5.80.
iShares Russell 2000 ETF
During the quarter, Parallax Volatility Advisers, L.P. bought 2,374,099 shares of ARCA:IWM for a total holding of 2,553,146. The trade had a 0.61% impact on the equity portfolio. During the quarter, the stock traded for an average price of $181.52.
On 11/22/2022, iShares Russell 2000 ETF traded for a price of $182.76 per share and a market cap of $55.07Bil. The stock has returned -20.46% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Russell 2000 ETF has a price-earnings ratio of 11.53 and a price-book ratio of 1.91.
S&P 500 ETF TRUST ETF
During the quarter, Parallax Volatility Advisers, L.P. bought 894,909 shares of ARCA:SPY for a total holding of 963,917. The trade had a 0.5% impact on the equity portfolio. During the quarter, the stock traded for an average price of $395.76.
On 11/22/2022, S&P 500 ETF TRUST ETF traded for a price of $394.59 per share and a market cap of $374.32Bil. The stock has returned -14.57% over the past year.
GuruFocus gives the ETF a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, S&P 500 ETF TRUST ETF has a price-earnings ratio of 19.42, a price-book ratio of 3.61, a price-earnings-to-growth (PEG) ratio of 2.35, a EV-to-Ebitda ratio of 14.65 and a price-sales ratio of 2.74.
The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 6.
Tesla Inc
Parallax Volatility Advisers, L.P. reduced their investment in NAS:TSLA by 505,860 shares. The trade had a 0.17% impact on the equity portfolio. During the quarter, the stock traded for an average price of $279.27.
On 11/22/2022, Tesla Inc traded for a price of $167.87 per share and a market cap of $530.09Bil. The stock has returned -55.71% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Tesla Inc has a price-earnings ratio of 51.88, a price-book ratio of 13.30, a EV-to-Ebitda ratio of 34.17 and a price-sales ratio of 7.72.
The price-to-GF Value ratio is 0.44, earning the stock a GF Value rank of 4.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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