Parallax Volatility Advisers, L.P.
Institutional investor · Portfolio as of Q1 2026
Top Holdings1,428 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 9.7M | $6.3B | 16.4% | — | — | — | Decreased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 4.2M | $2.4B | 6.3% | — | — | — | Increased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 3.2M | $1.9B | 4.8% | — | — | — | Increased — |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 2.6M | $1.7B | 4.3% | — | — | — | Decreased — |
ISHARES RUSSELL 2000 ETF ETF | 4.3M | $1.1B | 2.7% | — | — | — | Decreased — |
FINANCIAL SELECT SECTOR SPDR | 16M | $838.7M | 2.2% | — | — | — | Decreased — |
FINANCIAL SELECT SECTOR SPDR | 14.2M | $740.5M | 1.9% | — | — | — | Increased — |
ISHARES RUSSELL 2000 ETF ETF | 2.9M | $728.3M | 1.9% | — | — | — | Increased — |
NVIDIA CORP | 2.6M | $447.7M | 1.2% | — | — | — | Decreased — |
VANECK SEMICONDUCTOR ETF | 1.1M | $417.3M | 1.1% | — | — | — | Increased — |
ISHR IBX USD HIYLD CB ETF-UI | 5.2M | $410.7M | 1.1% | — | — | — | Increased — |
META PLATFORMS INC-CLASS A | 637,700 | $364.8M | 0.9% | — | — | — | Decreased — |
NVIDIA CORP | 2.1M | $359.3M | 0.9% | — | — | — | Decreased — |
SPDR GOLD TRUST | 815,700 | $351M | 0.9% | — | — | — | Decreased — |
ENERGY SELECT SECTOR SPDR | 6.1M | $340.8M | 0.9% | — | — | — | Increased — |
TESLA INC | 833,000 | $321.9M | 0.8% | — | — | — | Decreased — |
APPLE INC | 1.3M | $321.8M | 0.8% | — | — | — | Decreased — |
SPDR GOLD TRUST | 728,700 | $313.6M | 0.8% | — | — | — | Decreased — |
AMAZON.COM INC | 1.1M | $278.1M | 0.7% | — | — | — | Decreased — |
VANECK SEMICONDUCTOR ETF | 671,600 | $257.5M | 0.7% | — | — | — | Decreased — |
Parallax Volatility Advisers, L.P. manages $38.6B across 1428 positions as of Q1 2026. Top holdings: SPY (16.4%), QQQ (6.3%), QQQ (4.8%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 1.5/5.0.
Active quarter - 230 new positions, 207 exits, 141 increased. No standout high-conviction moves this quarter. Portfolio: $38.6B across 1428 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