Parallax Volatility Advisers, L.P.
Institutional investor · Portfolio as of Q2 2025
Top Holdings1,527 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 13.6M | $8.4B | 18.9% | — | — | — | Increased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 6.2M | $3.4B | 7.7% | — | — | — | Increased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 2.3M | $1.3B | 2.9% | — | — | — | Decreased — |
ISHARES RUSSELL 2000 ETF ETF | 5.2M | $1.1B | 2.5% | — | — | — | Decreased — |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 1.7M | $1.1B | 2.4% | — | — | — | Increased — |
NVIDIA CORP | 5.6M | $877.9M | 2.0% | — | — | — | Decreased — |
META PLATFORMS INC-CLASS A | 1.2M | $870.8M | 2.0% | — | — | — | Decreased — |
TESLA INC | 1.8M | $580.1M | 1.3% | — | — | — | Decreased — |
META PLATFORMS INC-CLASS A | 760,300 | $561.2M | 1.3% | — | — | — | Decreased — |
FINANCIAL SELECT SECTOR SPDR | 8.5M | $443.2M | 1.0% | — | — | — | Increased — |
STRATEGY INC | 1.1M | $439.2M | 1.0% | — | — | — | Increased — |
ISHR IBX USD HIYLD CB ETF-UI | 5.4M | $432.9M | 1.0% | — | — | — | Increased — |
NVIDIA CORP | 2.5M | $394.2M | 0.9% | — | — | — | Decreased — |
FINANCIAL SELECT SECTOR SPDR | 7.5M | $393.6M | 0.9% | — | — | — | Increased — |
TESLA INC | 1.2M | $393.1M | 0.9% | — | — | — | Increased — |
ISHARES RUSSELL 2000 ETF ETF | 1.7M | $376.1M | 0.8% | — | — | — | Decreased — |
BROADCOM INC | 1.3M | $365.7M | 0.8% | — | — | — | Decreased — |
TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ | 1.6M | $363.9M | 0.8% | — | — | — | Decreased — |
ISHARES MSCI EMERGING MARKETS INDEX FUND | 7.2M | $348.2M | 0.8% | — | — | — | Increased — |
COINBASE GLOBAL INC -CLASS A | 965,800 | $338.5M | 0.8% | — | — | — | Decreased — |
Parallax Volatility Advisers, L.P. manages $44.4B across 1527 positions as of Q2 2025. Top holdings: SPY (18.9%), QQQ (7.7%), QQQ (2.9%). Fund DNA: Diversified Scout. HoldingsIntel Rating: 1.5/5.0.
Active quarter - 196 new positions, 220 exits, 138 increased. No standout high-conviction moves this quarter. Portfolio: $44.4B across 1527 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