Parallax Volatility Advisers, L.P.
Institutional investor · Portfolio as of Q1 2025
Top Holdings1,518 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 6.8M | $3.8B | 10.3% | — | — | — | Decreased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 5.9M | $2.7B | 7.4% | — | — | — | Decreased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 2.5M | $1.2B | 3.2% | — | — | — | Decreased — |
ISHARES RUSSELL 2000 ETF ETF | 5.3M | $1.1B | 2.9% | — | — | — | Increased — |
NVIDIA CORP | 8.3M | $896.4M | 2.4% | — | — | — | Decreased — |
META PLATFORMS INC-CLASS A | 1.3M | $725.6M | 2.0% | — | — | — | Decreased — |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 1.3M | $708.7M | 1.9% | — | — | — | Decreased — |
TESLA INC | 2.5M | $649.6M | 1.8% | — | — | — | Decreased — |
META PLATFORMS INC-CLASS A | 965,700 | $556.6M | 1.5% | — | — | — | Decreased — |
ISHARES RUSSELL 2000 ETF ETF | 2.5M | $503.6M | 1.4% | — | — | — | Increased — |
TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ | 2.9M | $476.4M | 1.3% | — | — | — | Increased — |
APPLE INC | 1.8M | $400.6M | 1.1% | — | — | — | Decreased — |
NVIDIA CORP | 3.5M | $374.7M | 1.0% | — | — | — | Decreased — |
BERKSHIRE HATHAWAY INC-CL B | 592,500 | $315.6M | 0.9% | — | — | — | Decreased — |
NETFLIX INC | 328,100 | $306M | 0.8% | — | — | — | Decreased — |
VANECK SEMICONDUCTOR ETF | 1.4M | $299M | 0.8% | — | — | — | Increased — |
ISHARES 20 PLUS YEAR TREASURY BD | 3.1M | $284.5M | 0.8% | — | — | — | Increased — |
SPDR GOLD TRUST | 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 (10.3%), QQQ (7.4%), QQQ (3.2%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 1.5/5.0.
Active quarter - 134 new positions, 264 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