Parallax Volatility Advisers, L.P.
Institutional investor · Portfolio as of Q3 2025
Top Holdings1,573 positions
STATE STR SPDR S&P 500 ETF T | 33.5M | $22.3B | 33.9% | — | — | — | Increased — |
INVESCO QQQ TR | 7.1M | $4.2B | 6.4% | — | — | — | Increased — |
INVESCO QQQ TR | 3.5M | $2.1B | 3.2% | — | — | — | Increased — |
ISHARES TR | 7.9M | $1.9B | 2.9% | — | — | — | Increased — |
STATE STR SPDR S&P 500 ETF T | 2.3M | $1.6B | 2.4% | — | — | — | Increased — |
SPDR GOLD TR | 3.9M | $1.4B | 2.1% | — | — | — | Increased — |
TESLA INC | 2.4M | $1.1B | 1.6% | — | — | — | Increased — |
NVIDIA CORPORATION | 5.4M | $1B | 1.5% | — | — | — | Decreased — |
SELECT SECTOR SPDR TR | 15.7M | $846.5M | 1.3% | — | — | — | Increased — |
META PLATFORMS INC | 1M | $750.8M | 1.1% | — | — | — | Decreased — |
ISHARES TR | 2.8M | $672.5M | 1.0% | — | — | — | Increased — |
BROADCOM INC | 1.7M | $546.6M | 0.8% | — | — | — | Increased — |
META PLATFORMS INC | 741,300 | $544.4M | 0.8% | — | — | — | Decreased — |
SPDR GOLD TR | 1.4M | $501.2M | 0.8% | — | — | — | Increased — |
NVIDIA CORPORATION | 2.4M | $444.5M | 0.7% | — | — | — | Decreased — |
SELECT SECTOR SPDR TR | 8M | $433.5M | 0.7% | — | — | — | Increased — |
APPLE INC | 1.7M | $432.4M | 0.7% | — | — | — | Increased — |
STRATEGY INC | 1.3M | $409.9M | 0.6% | — | — | — | Increased — |
TAIWAN SEMICONDUCTOR MANUFAC | 1.4M | $391.3M | 0.6% | — | — | — | Decreased — |
VANECK ETF TRUST | 1.1M | $354.8M | 0.5% | — | — | — | Increased — |
Parallax Volatility Advisers, L.P. manages $65.9B across 1573 positions as of Q3 2025. Top holdings: SPY puts (33.9%), QQQ puts (6.4%), QQQ calls (3.2%). Fund DNA: Diversified Scout. HoldingsIntel Score: 1.5/5.0.
Active quarter - 190 new positions, 141 exits, 159 increased. No standout high-conviction moves this quarter. Portfolio: $65.9B across 1573 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