QVR is based out of San Francisco. QVR is a hedge fund with 6 clients and discretionary assets under management (AUM) of $391,359,024 (Form ADV from 2025-05-14). Whalewisdom has at least 30 13F filings
Investment Strategy
QVR's investment strategy is data-driven and options-focused, spanning absolute return, convexity alpha, and custom solution business lines. Clients can invest in U.S. and non-U.S. exposures through various instruments available in both markets, including equities, listed options, ETFs, ADRs, ADSs, GDRs, U.S. Government securities, single-issuer equity swaps, futures contracts, currency forwards, and SPDRs. Investment parameters and restrictions are defined in the agreement between QVR, the Clients, and its adviser.
QVR Absolute Return Business aims to generate returns by exposing itself to various components of the volatility complex, using model-driven and systematic trades based on quantitative analysis of volatility market microstructure. QVR's solutions business is customer-centered, designing customized investment programs for tail risk hedging, inflation hedging, defensive equity, and other areas. QVR Convexity Alpha seeks to generate returns by capitalizing on the structural shift in S&P 500 option risk pricing, providing liquidity and seeking alpha given the growth in derivative income, hedged equity, and other structured outcome products.
Owners
- TERRACOTTA CAPITAL - MEMBER
- RICHEY, STEVEN, BENJAMIN - MEMBER
- MAIDEL, SCOTT, ALLEN - MEMBER
- Toyama, Scott, Satoshi - COO/CFO/CCO, MANAGING MEMBER
- Eifert, Benjamin, Patrick - CO-CIO/MANAGING MEMBER
- CHEN, LEON, ERNEST - MEMBER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2025-03-31
Top Buys (13F)
| Name | % Change |
|---|
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|
2025-03-31
13F Holdings Summary
2025-03-31
13F Activity
| Market Value | $0, Prior: $0 |
| New Purchases | 0 stocks |
| Added To | 0 stocks |
| Sold out of | 0 stocks |
| Reduced holdings in | 0 stocks |
| Top 10 Holdings % | % |
| Turnover %[1] | % |
| Turnover Alt %[2] | % |
| Time Held Top 20 | quarters |
| Time Held Top 10 | quarters |
| Time Held All | quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31