Parallax Volatility Advisers, L.P.
Institutional investor · Portfolio as of Q1 2025
Top Holdings1,518 positions
STATE STR SPDR S&P 500 ETF T | 6.8M | $3.8B | 10.3% | — | — | — | Decreased — |
INVESCO QQQ TR | 5.9M | $2.7B | 7.4% | — | — | — | Decreased — |
INVESCO QQQ TR | 2.5M | $1.2B | 3.2% | — | — | — | Decreased — |
ISHARES TR | 5.3M | $1.1B | 2.9% | — | — | — | Increased — |
NVIDIA CORPORATION | 8.3M | $896.4M | 2.4% | — | — | — | Decreased — |
META PLATFORMS INC | 1.3M | $725.6M | 2.0% | — | — | — | Decreased — |
STATE STR SPDR S&P 500 ETF T | 1.3M | $708.7M | 1.9% | — | — | — | Decreased — |
TESLA INC | 2.5M | $649.6M | 1.8% | — | — | — | Decreased — |
META PLATFORMS INC | 965,700 | $556.6M | 1.5% | — | — | — | Decreased — |
ISHARES TR | 2.5M | $503.6M | 1.4% | — | — | — | Increased — |
TAIWAN SEMICONDUCTOR MANUFAC | 2.9M | $476.4M | 1.3% | — | — | — | Increased — |
APPLE INC | 1.8M | $400.6M | 1.1% | — | — | — | Decreased — |
NVIDIA CORPORATION | 3.5M | $374.7M | 1.0% | — | — | — | Decreased — |
BERKSHIRE HATHAWAY INC DEL | 592,500 | $315.6M | 0.9% | — | — | — | Decreased — |
NETFLIX INC. | 328,100 | $306M | 0.8% | — | — | — | Decreased — |
VANECK ETF TRUST | 1.4M | $299M | 0.8% | — | — | — | Increased — |
ISHARES TR | 3.1M | $284.5M | 0.8% | — | — | — | Increased — |
SPDR GOLD TR | 983,900 | $283.5M | 0.8% | — | — | — | Decreased — |
BROADCOM INC | 1.6M | $271.9M | 0.7% | — | — | — | Increased — |
STRATEGY INC | 936,100 | $269.8M | 0.7% | — | — | — | Increased — |
Parallax Volatility Advisers, L.P. manages $36.9B across 1518 positions as of Q1 2025. Top holdings: SPY puts (10.3%), QQQ puts (7.4%), QQQ calls (3.2%). Fund DNA: Diversified Scout. HoldingsIntel Score: 1.5/5.0.
Active quarter - 136 new positions, 265 exits, 150 increased. No standout high-conviction moves this quarter. Portfolio: $36.9B across 1518 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR