Parallax Volatility Advisers, L.P.
CIK
1521001
Location
San Francisco, CA
Portfolio Value
Large
$50,942,966,379
Diversification
Moderately concentrated
Filing Date
Global Rank
#163
/ 8,651
▲ 50
Top Industry
Semiconductors
19.5%
3Y Alpha vs SPY
+58.8%
Period ended 59 days ago
Filed Aug 14, 2026 · 14d
26 quarters · since Mar 2020
Clone Performance
Aug 2023–Aug 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Not a measure of this manager's performance.
Most of Parallax Volatility Advisers, L.P.'s reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
6% that is ordinary stock — as little as
4% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+476.6%
SPY
+74.2%
Annualised alpha
+59.0%
Max drawdown
−22.4%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 6% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
680 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
45.0%
+18.6 pts
Top 5
68.1%
+20.7 pts
Top 10
72.1%
+17.9 pts
HHI
2,361
Moderately concentrated+1,422
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 66.0% | $33,618,515,570 |
| Technology | 13.1% | $6,657,935,251 |
| Financial Services | 5.2% | $2,635,867,539 |
| Consumer Cyclical | 4.4% | $2,239,356,586 |
| Communication Services | 3.1% | $1,564,629,617 |
| Industrials | 2.5% | $1,275,551,781 |
| Energy | 2.2% | $1,126,818,242 |
| Consumer Defensive | 1.0% | $514,875,009 |
| Healthcare | 0.9% | $467,199,906 |
| Basic Materials | 0.9% | $438,014,078 |
| Utilities | 0.4% | $220,015,974 |
| Real Estate | 0.4% | $184,186,826 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SPY | Spdr S&P 500 ETF Trust | +18,406,200 | 30,673,000 | $22,905,676,210 | |
| QQQ | Invesco Qqq Trust, Series 1 | +4,951,500 | 12,390,000 | $9,123,996,000 | |
| CMG | Chipotle Mexican Grill Inc | +3,127,802 | 3,404,215 | $115,743,310 | |
| NU | Nu Holdings Ltd. | +2,931,000 | 4,662,800 | $62,295,008 | |
| RIG | Transocean Ltd. | +1,411,200 | 4,445,600 | $21,738,984 | |
| GLD | Spdr Gold Trust | +1,344,727 | 2,900,500 | $1,068,486,190 | |
| WMT | Walmart Inc. | +971,009 | 2,001,515 | $226,691,588 | |
| CLSK | Cleanspark, Inc. | +851,300 | 1,330,200 | $19,354,410 | |
| SHOP | Shopify Inc. | +843,149 | 879,349 | $100,404,068 | |
| SMCI | Super Micro Computer, Inc. | +798,233 | 2,309,549 | $67,739,072 | |
| PFE | Pfizer Inc | +768,969 | 2,108,276 | $50,767,286 | |
| SBET | Sharplink, Inc. | +748,389 | 771,600 | $3,703,680 | |
| ARCC | Ares Capital Corp | +675,000 | 1,815,100 | $33,633,803 | |
| BB | BLACKBERRY Ltd | +668,544 | 737,658 | $9,331,373 | |
| NVDA | Nvidia Corp | +663,704 | 5,343,178 | $1,069,116,486 | |
| QUBT | Quantum Computing Inc. | +631,640 | 1,015,100 | $9,846,470 | |
| BSX | Boston Scientific Corp | +553,210 | 756,199 | $32,274,573 | |
| WMB | Williams Companies, Inc. | +508,335 | 826,337 | $61,429,892 | |
| AG | First Majestic Silver Corp | +484,200 | 1,238,700 | $21,008,352 | |
| RITM | Rithm Capital Corp. | +466,757 | 2,038,125 | $19,137,993 | |
| PBI | Pitney Bowes Inc /De/ | +455,000 | 1,020,000 | $17,870,400 | |
| USAR | USA Rare Earth, Inc. | +435,900 | 490,900 | $10,593,622 | |
| NFLX | Netflix Inc | +431,323 | 3,312,714 | $236,527,779 | |
| MCHP | Microchip Technology Inc | +427,200 | 677,600 | $61,797,120 | |
| QCOM | Qualcomm Inc/De | +418,128 | 975,700 | $180,299,603 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NIO | NIO Inc. | −3,499,400 | 852,000 | $4,311,120 | |
| WULF | Terawulf Inc. | −2,270,800 | 2,175,900 | $53,744,730 | |
| BAC | Bank Of America Corp /De/ | −2,035,483 | 1,998,473 | $113,872,991 | |
| MARA | MARA Holdings, Inc. | −1,881,300 | 2,247,900 | $31,223,331 | |
| CORZ | Core Scientific, Inc./tx | −1,841,047 | 1,354,342 | $34,657,611 | |
| AAL | American Airlines Group Inc. | −1,683,830 | 10,968,976 | $198,209,396 | |
| OWL | Blue Owl Capital Inc. | −1,658,223 | 438,400 | $3,836,000 | |
| CRWV | CoreWeave, Inc. | −1,627,937 | 1,053,906 | $104,905,803 | |
| PINS | Pinterest, Inc. | −1,497,829 | 85,771 | $1,803,764 | |
| IBIT | iShares Bitcoin Trust ETF | −1,367,404 | 7,970,796 | $265,347,798 | |
| HAL | Halliburton Co | −1,102,757 | 1,332,646 | $45,243,331 | |
| EQT | EQT Corp | −1,066,836 | 461,503 | $24,538,114 | |
| DAL | Delta Air Lines, Inc. | −975,566 | 983,300 | $92,095,878 | |
| INTC | Intel Corp | −959,513 | 2,128,134 | $297,151,350 | |
| C | Citigroup Inc | −936,365 | 1,343,862 | $188,086,925 | |
| VZ | Verizon Communications Inc | −881,756 | 514,916 | $21,801,543 | |
| AAPL | Apple Inc. | −855,310 | 980,706 | $283,777,088 | |
| CCL | Carnival Corp Ltd. | −820,300 | 1,833,400 | $52,380,238 | |
| EXE | EXPAND ENERGY Corp | −819,714 | 61,523 | $5,610,282 | |
| FCX | Freeport-Mcmoran Inc | −733,890 | 1,211,111 | $76,166,770 | |
| ORCL | Oracle Corp | −637,568 | 1,118,132 | $163,862,244 | |
| XP | XP Inc. | −619,072 | 30,928 | $502,889 | |
| META | Meta Platforms, Inc. | −615,509 | 406,091 | $228,746,999 | |
| UBER | Uber Technologies, Inc | −598,182 | 1,335,501 | $96,369,752 | |
| AR | ANTERO RESOURCES Corp | −579,602 | 436,600 | $15,342,124 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SPCX | Space Exploration Technologies Corp | 906,200 | $154,833,332 | |
| ADSK | Autodesk, Inc. | 476,900 | $92,718,898 | |
| BURL | Burlington Stores, Inc. | 252,988 | $80,146,598 | |
| CMCSA | Comcast Corp | 935,090 | $22,956,459 | |
| SPG | Simon Property Group Inc. | 74,950 | $16,762,567 | |
| MIR | Mirion Technologies, Inc. | 838,018 | $15,025,662 | |
| PURR | Hyperliquid Strategies Inc | 1,332,085 | $10,483,508 | |
| PGR | Progressive Corp/Oh/ | 44,337 | $9,685,417 | |
| FE | Firstenergy Corp | 200,001 | $9,508,047 | |
| ZS | Zscaler, Inc. | 62,900 | $8,878,335 | |
| KGC | Kinross Gold Corp | 370,000 | $8,739,400 | |
| GLXY | Galaxy Digital Inc. | 318,000 | $8,694,120 | |
| AMG | Affiliated Managers Group, Inc. | 25,000 | $8,460,000 | |
| SAP | Sap SE | 53,042 | $8,174,302 | |
| CLW | Clearwater Paper Corp | 515,000 | $8,075,200 | |
| KEEL | Keel Infrastructure Corp. | 1,400,600 | $8,039,444 | |
| CPNG | Coupang, Inc. | 450,000 | $7,816,500 | |
| WDAY | Workday, Inc. | 56,337 | $6,896,775 | |
| PL | Planet Labs PBC | 198,700 | $6,582,931 | |
| NTES | NetEase, Inc. | 50,000 | $6,407,000 | |
| ARRY | Array Technologies, Inc. | 830,235 | $6,152,041 | |
| MOD | Modine Manufacturing Co | 22,700 | $6,061,354 | |
| XYL | Xylem Inc. | 50,002 | $5,910,736 | |
| FIX | Comfort Systems USA Inc | 2,910 | $5,767,474 | |
| CAII | Collective Acquisition Corp. II | 801,273 | $5,358,275 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SPOT | Spotify Technology S.A. | 204,242 | $99,038,988 | |
| AAOI | Applied Optoelectronics, Inc. | 219,371 | $18,556,592 | |
| ABT | Abbott Laboratories | 150,002 | $15,400,705 | |
| HWM | Howmet Aerospace Inc. | 65,274 | $15,043,046 | |
| SUI | Sun Communities Inc | 99,045 | $12,475,708 | |
| MP | MP Materials Corp. / DE | 175,000 | $8,445,500 | |
| ALAB | Astera Labs, Inc. | 74,579 | $8,173,858 | |
| VMC | Vulcan Materials CO | 29,514 | $8,036,662 | |
| MDT | Medtronic plc | 92,356 | $8,002,647 | |
| WEC | Wec Energy Group, Inc. | 63,824 | $7,388,904 | |
| PSA | Public Storage | 27,000 | $7,313,760 | |
| SU | Suncor Energy Inc | 85,000 | $5,619,350 | |
| GPC | Genuine Parts Co | 50,000 | $5,287,500 | |
| KRC | Kilroy Realty Corp | 172,477 | $4,865,576 | |
| COHR | Coherent Corp. | 19,041 | $4,535,756 | |
| KMB | Kimberly Clark Corp | 42,000 | $4,051,740 | |
| BEKE | KE Holdings Inc. | 240,000 | $3,592,800 | |
| ICE | Intercontinental Exchange, Inc. | 22,346 | $3,514,578 | |
| BNS | Bank Of Nova Scotia | 50,000 | $3,465,500 | |
| RRX | Regal Rexnord Corp | 18,205 | $3,409,068 | |
| VOYA | Voya Financial, Inc. | 49,107 | $3,354,990 | |
| TRIP | TripAdvisor, Inc. | 300,000 | $3,198,000 | |
| PLUG | Plug Power Inc | 1,399,900 | $3,163,774 | |
| OZK | Bank OZK | 60,035 | $2,755,006 | |
| MGA | Magna International Inc | 44,483 | $2,482,596 | |
| No positions match the current search. | ||||
680 tracked positions ·
$50,942,966,379 total
· filing declares
1,502 positions · $58,866,296,771
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 680 positions by value
· page 1 of 14
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
PUT
CALL
|
Added | 30,673,000 | $22,905,676,210 | 44.96% | |
| QQQ |
Invesco Qqq Trust, Series 1
PUT
CALL
|
Added | 12,390,000 | $9,123,996,000 | 17.91% | |
| NVDA |
Nvidia Corp
PUT
CALL
+ SHARES
Technology
|
Added | 5,343,178 | $1,069,116,486 | 2.10% | |
| GLD |
Spdr Gold Trust
PUT
CALL
|
Added | 2,900,500 | $1,068,486,190 | 2.10% | |
| TSLA |
Tesla, Inc.
PUT
CALL
+ SHARES
Consumer Cyclical
|
Added | 1,277,932 | $537,498,199 | 1.06% | |
| AMD |
Advanced Micro Devices Inc
PUT
CALL
Technology
|
Reduced | 905,200 | $525,839,732 | 1.03% | |
| MU |
Micron Technology Inc
PUT
CALL
+ SHARES
Technology
|
Reduced | 416,116 | $480,318,537 | 0.94% | |
| GOOGL |
Alphabet Inc.
PUT
CALL
+ SHARES
Communication Services
|
Reduced | 1,082,237 | $386,117,548 | 0.76% | |
| AMZN |
Amazon Com Inc
PUT
CALL
+ SHARES
Consumer Cyclical
|
Reduced | 1,460,419 | $348,076,264 | 0.68% | |
| INTC |
Intel Corp
PUT
CALL
+ SHARES
Technology
|
Reduced | 2,128,134 | $297,151,350 | 0.58% | |
| AAPL |
Apple Inc.
PUT
CALL
+ SHARES
Technology
|
Reduced | 980,706 | $283,777,088 | 0.56% | |
| IBIT |
iShares Bitcoin Trust ETF
PUT
CALL
+ SHARES
|
Reduced | 7,970,796 | $265,347,798 | 0.52% | |
| SLV |
iShares Silver Trust
PUT
CALL
|
Added | 4,536,900 | $242,588,043 | 0.48% | |
| NFLX |
Netflix Inc
PUT
CALL
+ SHARES
Communication Services
|
Added | 3,312,714 | $236,527,779 | 0.46% | |
| META |
Meta Platforms, Inc.
PUT
CALL
+ SHARES
Communication Services
|
Reduced | 406,091 | $228,746,999 | 0.45% | |
| WMT |
Walmart Inc.
PUT
CALL
+ SHARES
Consumer Defensive
|
Added | 2,001,515 | $226,691,588 | 0.44% | |
| GS |
Goldman Sachs Group Inc
PUT
CALL
+ SHARES
Financial Services
|
Added | 209,330 | $211,710,082 | 0.42% | |
| BA |
Boeing Co
PUT
CALL
+ SHARES
Industrials
|
Reduced | 950,445 | $205,742,829 | 0.40% | |
| TTWO |
Take Two Interactive Software Inc
PUT
CALL
+ SHARES
Communication Services
|
Added | 794,271 | $198,551,864 | 0.39% | |
| AAL |
American Airlines Group Inc.
PUT
CALL
+ SHARES
Industrials
|
Reduced | 10,968,976 | $198,209,396 | 0.39% | |
| XOM |
ExxonMobil Holdings Corp
PUT
CALL
+ SHARES
Energy
|
Added | 1,447,593 | $197,914,914 | 0.39% | |
| V |
Visa Inc.
PUT
CALL
+ SHARES
Financial Services
|
Reduced | 575,905 | $197,587,246 | 0.39% | |
| C |
Citigroup Inc
PUT
CALL
+ SHARES
Financial Services
|
Reduced | 1,343,862 | $188,086,925 | 0.37% | |
| QCOM |
Qualcomm Inc/De
PUT
CALL
Technology
|
Added | 975,700 | $180,299,603 | 0.35% | |
| MSFT |
Microsoft Corp
PUT
CALL
+ SHARES
Technology
|
Reduced | 479,086 | $178,708,659 | 0.35% | |
| CVX |
Chevron Corp
PUT
CALL
+ SHARES
Energy
|
Reduced | 1,027,949 | $170,392,826 | 0.33% | |
| NBIS |
Nebius Group N.V.
PUT
CALL
+ SHARES
Communication Services
|
Added | 598,181 | $165,199,646 | 0.32% | |
| ORCL |
Oracle Corp
PUT
CALL
+ SHARES
Technology
|
Reduced | 1,118,132 | $163,862,244 | 0.32% | |
| MRVL |
Marvell Technology, Inc.
PUT
CALL
Technology
|
Reduced | 536,600 | $159,847,774 | 0.31% | |
| BRK-B |
Berkshire Hathaway Inc
PUT
CALL
+ SHARES
Financial Services
|
Reduced | 313,716 | $156,980,349 | 0.31% | |
| SPCX |
Space Exploration Technologies Corp
PUT
CALL
Industrials
|
NEW | 906,200 | $154,833,332 | 0.30% | |
| AVGO |
Broadcom Inc.
PUT
CALL
Technology
|
Reduced | 388,300 | $146,680,325 | 0.29% | |
| MSTR |
Strategy Inc
PUT
CALL
+ SHARES
Technology
|
Reduced | 1,654,824 | $143,853,850 | 0.28% | |
| BABA |
Alibaba Group Holding Ltd
PUT
CALL
+ SHARES
Consumer Cyclical
|
Reduced | 1,493,119 | $143,309,561 | 0.28% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
PUT
CALL
+ SHARES
Technology
|
Reduced | 295,546 | $141,143,903 | 0.28% | |
| IBM |
International Business Machines Corp
PUT
CALL
Technology
|
Reduced | 488,900 | $137,483,569 | 0.27% | |
| ARM |
Arm Holdings PLC /Uk
PUT
CALL
Technology
|
Reduced | 350,700 | $124,347,699 | 0.24% | |
| AMAT |
Applied Materials Inc /De
PUT
CALL
+ SHARES
Technology
|
Added | 166,803 | $120,598,569 | 0.24% | |
| EAT |
Brinker International, Inc
PUT
Consumer Cyclical
|
Added | 710,900 | $119,431,200 | 0.23% | |
| CMG |
Chipotle Mexican Grill Inc
PUT
CALL
+ SHARES
Consumer Cyclical
|
Added | 3,404,215 | $115,743,310 | 0.23% | |
| JPM |
Jpmorgan Chase & Co
PUT
CALL
+ SHARES
Financial Services
|
Reduced | 349,754 | $114,484,976 | 0.22% | |
| BAC |
Bank Of America Corp /De/
PUT
CALL
+ SHARES
Financial Services
|
Reduced | 1,998,473 | $113,872,991 | 0.22% | |
| SNOW |
Snowflake Inc.
PUT
CALL
+ SHARES
Technology
|
Reduced | 445,267 | $113,320,451 | 0.22% | |
| UAL |
United Airlines Holdings, Inc.
PUT
CALL
+ SHARES
Industrials
|
Added | 804,830 | $109,448,831 | 0.21% | |
| CRWV |
CoreWeave, Inc.
PUT
CALL
+ SHARES
Technology
|
Reduced | 1,053,906 | $104,905,803 | 0.21% | |
| PLTR |
Palantir Technologies Inc.
PUT
CALL
+ SHARES
Technology
|
Added | 877,981 | $102,434,043 | 0.20% | |
| SHOP |
Shopify Inc.
PUT
CALL
+ SHARES
Technology
|
Added | 879,349 | $100,404,068 | 0.20% | |
| ASML |
Asml Holding NV
PUT
CALL
Technology
|
Added | 50,200 | $99,869,881 | 0.20% | |
| APO |
Apollo Global Management, Inc.
PUT
CALL
+ SHARES
Financial Services
|
Added | 841,303 | $99,534,557 | 0.20% | |
| UBER |
Uber Technologies, Inc
PUT
CALL
+ SHARES
Technology
|
Reduced | 1,335,501 | $96,369,752 | 0.19% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.