Parallax Volatility Advisers, L.P.

CIK

1521001

Location

San Francisco, CA

Portfolio Value

Large $30,097,008,281

Diversification

Diversified

Filing Date

Global Rank

#207 / 8,607 ▼ 45 · as of Mar 2026

Top Industry

Semiconductors 12.8%

3Y Alpha vs SPY

+7.5%

Period ended 3 months ago

Filed May 15, 2026 · 56d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+111.5%

SPY

+77.0%

Annualised alpha

+7.4%

Max drawdown

−22.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

581 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

26.5%

+1.5 pts

Top 5

47.6%

+3.4 pts

Top 10

54.3%

+1.2 pts

HHI

948

Diversified+163

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	45.4%	$13,653,428,631	13
Technology	17.0%	$5,106,402,261	99
Financial Services	9.0%	$2,710,167,230	146
Consumer Cyclical	7.1%	$2,148,738,771	58
Communication Services	5.9%	$1,773,274,642	24
Energy	5.9%	$1,764,370,402	51
Industrials	3.5%	$1,050,581,100	56
Consumer Defensive	1.9%	$576,403,226	28
Basic Materials	1.7%	$522,285,566	37
Healthcare	1.2%	$363,398,731	35
Utilities	0.8%	$246,411,338	15
Real Estate	0.6%	$181,546,383	19

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IBIT	iShares Bitcoin Trust ETF	+4,417,443	9,338,200	$358,773,644
BTDR	Bitdeer Technologies Group	+2,566,395	4,497,112	$38,900,018
RIG	Transocean Ltd.	+1,555,400	3,034,400	$20,118,072
PINS	Pinterest, Inc.	+1,536,400	1,583,600	$29,043,224
HAL	Halliburton Co	+1,496,639	2,435,403	$94,956,362
OWL	Blue Owl Capital Inc.	+1,443,323	2,096,623	$19,142,167
AGNC	AGNC Investment Corp.	+1,173,906	1,326,878	$13,308,586
CZR	Caesars Entertainment, Inc.	+1,123,045	1,291,048	$34,122,398
EQT	EQT Corp	+1,107,490	1,528,339	$97,263,493
CORZ	Core Scientific, Inc./tx	+974,886	3,195,389	$47,803,019
CVX	Chevron Corp	+954,153	1,531,575	$316,882,867
BULL	Webull Corp	+843,658	920,000	$4,416,000
EQX	Equinox Gold Corp.	+797,300	1,400,000	$20,244,000
F	Ford Motor Co	+752,690	1,744,300	$20,129,222
COP	Conocophillips	+750,558	991,055	$130,819,260
NKE	NIKE, Inc.	+734,436	1,241,261	$65,563,406
CTRA	Coterra Energy Inc.	+732,178	818,978	$28,778,886
TTD	Trade Desk, Inc.	+730,506	848,506	$19,252,601
EXE	EXPAND ENERGY Corp	+700,742	881,237	$96,742,197
B	Barrick Mining Corp	+666,107	1,436,004	$58,574,603
RRC	Range Resources Corp	+608,200	808,300	$36,518,994
MGM	MGM Resorts International	+607,614	660,614	$24,449,324
QQQ	Invesco Qqq Trust, Series 1	+553,600	7,438,500	$4,293,353,430
AR	ANTERO RESOURCES Corp	+522,261	1,016,202	$43,127,612
GAP	Gap Inc	+518,410	545,000	$13,189,000
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NIO	NIO Inc.	−5,062,400	4,351,400	$26,238,942
WULF	Terawulf Inc.	−4,202,451	4,446,700	$64,165,881
SPY	Spdr S&P 500 ETF Trust	−3,616,073	12,266,800	$7,977,590,712
NU	Nu Holdings Ltd.	−3,186,900	1,731,800	$24,885,966
RIOT	Riot Platforms, Inc.	−2,828,200	1,885,000	$23,298,600
SLV	iShares Silver Trust	−2,602,929	4,453,900	$303,488,746
CMG	Chipotle Mexican Grill Inc	−2,530,126	276,413	$8,847,980
TSLA	Tesla, Inc.	−2,381,279	1,225,532	$455,591,521
RKT	Rocket Companies, Inc.	−2,239,966	382,192	$5,446,236
NVDA	Nvidia Corp	−2,186,226	4,679,474	$816,100,265
CLSK	Cleanspark, Inc.	−2,133,172	478,900	$4,075,439
ABR	Arbor Realty Trust Inc	−2,008,418	1,982,600	$15,285,846
AAL	American Airlines Group Inc.	−1,959,208	12,652,806	$135,891,136
TRIP	TripAdvisor, Inc.	−1,714,579	300,000	$3,198,000
SOFI	SoFi Technologies, Inc.	−1,529,100	2,219,100	$35,239,308
XRX	Xerox Holdings Corp	−1,477,472	835,500	$1,077,795
GOOGL	Alphabet Inc.	−1,400,498	1,075,502	$309,271,355
HOOD	Robinhood Markets, Inc.	−1,397,398	526,000	$36,451,800
AVGO	Broadcom Inc.	−1,364,318	460,800	$142,622,208
AXP	American Express Co	−1,287,381	280,902	$84,967,236
RIVN	Rivian Automotive, Inc. / DE	−1,278,600	2,280,400	$34,320,020
MP	MP Materials Corp. / DE	−1,275,700	175,000	$8,445,500
XYZ	Block, Inc.	−1,268,616	399,284	$24,028,911
GLD	Spdr Gold Trust	−1,261,904	1,555,773	$669,433,564
PDD	PDD Holdings Inc.	−1,184,104	140,300	$14,335,854
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
LITE	Lumentum Holdings Inc.	34,376	$24,158,077
AAOI	Applied Optoelectronics, Inc.	219,371	$18,556,592
GLNG	Golar Lng Ltd	327,392	$17,715,181
CHRW	C. H. Robinson Worldwide, Inc.	105,100	$17,453,957
HWM	Howmet Aerospace Inc.	65,274	$15,043,046
SUI	Sun Communities Inc	99,045	$12,475,708
LYB	LyondellBasell Industries N.V.	140,600	$11,326,736
REXR	Rexford Industrial Realty, Inc.	340,800	$11,154,384
MCO	Moodys Corp /De/	24,293	$10,597,821
STM	STMicroelectronics N.V.	249,100	$8,606,405
KOYN	CSLM Digital Asset Acquisition Corp III, Ltd	828,627	$8,319,415
MTB	M&T Bank Corp	40,002	$8,269,213
VMC	Vulcan Materials CO	29,514	$8,036,662
ETOR	eToro Group Ltd.	254,200	$7,633,626
SJM	J M SMUCKER Co	79,134	$7,631,682
PENG	Penguin Solutions, Inc.	432,000	$7,603,200
MESH	Meshflow Acquisition Corp	763,403	$7,550,055
RDAG	Republic Digital Acquisition Co	735,477	$7,523,929
AMPX	Amprius Technologies, Inc.	425,777	$7,178,600
TACO	Berto Acquisition Corp.	631,366	$6,471,501
OVV	Ovintiv Inc.	100,000	$5,936,000
GPC	Genuine Parts Co	50,000	$5,287,500
AEAQ	Activate Energy Acquisition Corp.	531,719	$5,258,700
APD	Air Products & Chemicals, Inc.	17,740	$5,153,292
KRC	Kilroy Realty Corp	172,477	$4,865,576
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
BURL	Burlington Stores, Inc.	173,100	$49,999,935
CAVA	Cava Group, Inc.	653,342	$38,344,641
ZS	Zscaler, Inc.	137,301	$30,881,740
TEVA	Teva Pharmaceutical Industries Ltd	795,008	$24,812,199
TMO	Thermo Fisher Scientific Inc.	37,216	$21,564,811
HCA	HCA Healthcare, Inc.	42,900	$20,028,294
DTE	Dte Energy Co	150,000	$19,347,000
PMT	PennyMac Mortgage Investment Trust	1,465,200	$18,388,260
ANF	Abercrombie & Fitch Co /De/	125,741	$15,827,019
NTR	Nutrien Ltd.	250,000	$15,430,000
ETHA	iShares Ethereum Trust ETF	599,615	$13,449,364
BCS	Barclays PLC	510,500	$12,992,225
WM	Waste Management Inc	57,500	$12,633,325
NTNX	Nutanix, Inc.	222,319	$11,491,669
NRG	Nrg Energy, Inc.	70,373	$11,206,196
CVE	Cenovus Energy Inc.	661,356	$11,190,143
ALGM	Allegro Microsystems, Inc.	417,291	$11,008,136
TKO	TKO Group Holdings, Inc.	50,000	$10,450,000
JKS	JinkoSolar Holding Co., Ltd.	391,201	$10,096,897
GLXY	Galaxy Digital Inc.	408,400	$9,131,824
WDAY	Workday, Inc.	42,100	$9,042,238
CRH	Crh Public Ltd Co	70,868	$8,844,326
RDDT	Reddit, Inc.	37,764	$8,680,810
BMO	Bank Of Montreal /Can/	66,250	$8,598,587
CSGP	Costar Group, Inc.	125,402	$8,432,030
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

581 positions · $30,097,008,281 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 581 positions by value · page 1 of 12

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	12,266,800	-3,616,073	$7,977,590,712	−26.3%	26.51%
QQQ	Invesco Qqq Trust, Series 1	Added	7,438,500	+553,600	$4,293,353,430	+1.5%	14.27%
NVDA	Nvidia Corp Technology	Reduced	4,679,474	-2,186,226	$816,100,265	−36.3%	2.71%
GLD	Spdr Gold Trust	Reduced	1,555,773	-1,261,904	$669,433,564	−40.1%	2.22%
META	Meta Platforms, Inc. Communication Services	Reduced	1,021,600	-778,900	$584,488,008	−50.8%	1.94%
AAPL	Apple Inc. Technology	Reduced	1,836,016	-1,007,284	$465,962,500	−39.7%	1.55%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	1,225,532	-2,381,279	$455,591,521	−71.9%	1.51%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	1,976,500	-196,516	$411,645,655	−17.9%	1.37%
IBIT	iShares Bitcoin Trust ETF	Added	9,338,200	+4,417,443	$358,773,644	+46.8%	1.19%
CVX	Chevron Corp Energy	Added	1,531,575	+954,153	$316,882,867	+260.1%	1.05%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,075,502	-1,400,498	$309,271,355	−60.1%	1.03%
SLV	iShares Silver Trust	Reduced	4,453,900	-2,602,929	$303,488,746	−33.2%	1.01%
AMD	Advanced Micro Devices Inc Technology	Added	1,389,119	+332,018	$282,588,478	+24.8%	0.94%
NFLX	Netflix Inc Communication Services	Reduced	2,881,391	-53,183	$277,045,744	+0.7%	0.92%
C	Citigroup Inc Financial Services	Reduced	2,280,227	-285,366	$258,600,544	−13.6%	0.86%
ORCL	Oracle Corp Technology	Reduced	1,755,700	-557,889	$258,281,027	−42.7%	0.86%
MSTR	Strategy Inc Technology	Reduced	1,903,760	-66,175	$237,589,248	−20.6%	0.79%
MSFT	Microsoft Corp Technology	Reduced	621,537	-380,863	$230,074,351	−52.5%	0.76%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	477,711	-124,639	$228,919,111	−24.4%	0.76%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	1,705,544	-541,726	$213,977,550	−35.0%	0.71%
CRWV	CoreWeave, Inc. Technology	Reduced	2,681,843	-618,765	$207,762,377	−12.1%	0.69%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	4,033,956	-1,139,169	$196,655,355	−30.9%	0.65%
BA	Boeing Co Industrials	Reduced	963,187	-809,713	$191,703,108	−50.2%	0.64%
XOM	ExxonMobil Holdings Corp Energy	Reduced	1,101,611	-222,289	$186,899,322	+17.3%	0.62%
V	Visa Inc. Financial Services	Reduced	615,405	-302,595	$186,000,007	−42.2%	0.62%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	621,028	-366,447	$182,681,596	−42.6%	0.61%
MU	Micron Technology Inc Technology	Reduced	526,549	-275,246	$177,889,314	−22.3%	0.59%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	495,582	-686,970	$167,481,936	−53.4%	0.56%
GS	Goldman Sachs Group Inc Financial Services	Reduced	181,159	-2,517	$153,258,702	−5.1%	0.51%
AVGO	Broadcom Inc. Technology	Reduced	460,800	-1,364,318	$142,622,208	−77.4%	0.47%
UBER	Uber Technologies, Inc Technology	Reduced	1,933,683	-1,115,721	$139,089,818	−44.2%	0.46%
INTC	Intel Corp Technology	Reduced	3,087,647	-762,853	$136,257,862	−4.1%	0.45%
AAL	American Airlines Group Inc. Industrials	Reduced	12,652,806	-1,959,208	$135,891,136	−39.3%	0.45%
IBM	International Business Machines Corp Technology	Added	549,335	+120,347	$133,153,310	+4.8%	0.44%
COP	Conocophillips Energy	Added	991,055	+750,558	$130,819,260	+481.1%	0.43%
DAL	Delta Air Lines, Inc. Industrials	Reduced	1,958,866	-250,417	$130,225,411	−15.1%	0.43%
COIN	Coinbase Global, Inc. Financial Services	Reduced	736,194	-463,239	$128,546,834	−52.6%	0.43%
WMT	Walmart Inc. Consumer Defensive	Reduced	1,030,506	-294,415	$128,071,285	−13.2%	0.43%
RCL	Royal Caribbean Cruises Ltd Consumer Cyclical	Reduced	453,602	-90,198	$124,822,198	−17.7%	0.41%
TTWO	Take Two Interactive Software Inc Communication Services	Reduced	579,761	-63,786	$114,502,797	−30.5%	0.38%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	1,945,001	-44,599	$114,327,158	+13.1%	0.38%
DDOG	Datadog, Inc. Technology	Added	885,557	+34,343	$104,540,003	−9.7%	0.35%
OXY	Occidental Petroleum Corp /De/ Energy	Reduced	1,574,994	-230,155	$102,374,610	+37.9%	0.34%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	101,812	+41,710	$101,448,531	+95.7%	0.34%
SPOT	Spotify Technology S.A. Communication Services	Added	204,242	+4,542	$99,038,988	−14.6%	0.33%
SLB	Slb Limited/Nv Energy	Added	1,922,200	+46,673	$98,781,858	+37.2%	0.33%
EAT	Brinker International, Inc Consumer Cyclical	Added	686,400	+46,908	$97,997,328	+6.8%	0.33%
EQT	EQT Corp Energy	Added	1,528,339	+1,107,490	$97,263,493	+331.2%	0.32%
EXE	EXPAND ENERGY Corp Energy	Added	881,237	+700,742	$96,742,197	+385.7%	0.32%
HAL	Halliburton Co Energy	Added	2,435,403	+1,496,639	$94,956,362	+257.9%	0.32%