Parallax Volatility Advisers, L.P.

CIK: 0001521001SEC EDGAR →

Portfolio Value

$50.7T

Holdings

820

As of

Q4 2025

New Positions

132

Closed Positions

115

Portfolio Value History

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	SPYPut SPDR S&P 500 ETF TR	15,882,873	$10.8T	21.36%
2	NDQPut INVESCO QQQ TR	6,884,900	$4.2T	8.34%
3	IWMPut ISHARES TR	6,660,866	$1.6T	3.23%
4	TSLAPut TESLA INC	3,606,811	$1.6T	3.20%
5	XLFPut SELECT SECTOR SPDR TR	28,951,601	$1.6T	3.13%
6	NVDAPut NVIDIA CORPORATION	6,865,700	$1.3T	2.52%
7	METAPut META PLATFORMS INC	1,800,500	$1.2T	2.34%
8	GQ9Put SPDR GOLD TR	2,817,677	$1.1T	2.20%
9	GOOGLPut ALPHABET INC	2,476,000	$774.0B	1.53%
10	AAPLPut APPLE INC	2,843,300	$772.0B	1.52%

Quarterly Changes

Top Buys

SLV↑ Increased

$359.8B

AXP↑ Increased

$307.0B

XLF↑ Increased

$305.0B

EFA↑ Increased

$232.2B

TSLA↑ Increased

$193.9B

Top Sells

SPY↓ Decreased

$13.1T

NDQ↓ Decreased

$2.2T

GQ9↓ Decreased

$973.0B

IWM↓ Decreased

$933.0B

META↓ Decreased

$316.8B

New Positions (227)

$64.0B · 368K shares

$39.0B · 247K shares

$37.0B · 414K shares

$33.0B · 245K shares

$31.0B · 205K shares

$29.0B · 296K shares

$25.0B · 92K shares

$24.0B · 548K shares

$21.0B · 240K shares

$20.0B · 37K shares

$19.0B · 197K shares

$16.0B · 430K shares

$15.0B · 494K shares

$14.0B · 102K shares

$14.0B · 185K shares

$14.0B · 120K shares

$13.0B · 600K shares

$12.0B · 650K shares

$12.0B · 150K shares

$11.0B · 666K shares

$11.0B · 70K shares

$11.0B · 80K shares

$10.0B · 13.0M shares

TLRY

$10.0B · 1.3M shares

$10.0B · 34K shares

$9.0B · 93K shares

$9.0B · 163K shares

$9.0B · 9K shares

$8.0B · 7.5M shares

$8.0B · 394K shares

$8.0B · 125K shares

$7.0B · 587K shares

$7.0B · 38K shares

$7.0B · 833K shares

$7.0B · 7.5M shares

$7.0B · 45K shares

$7.0B · 27K shares

$6.0B · 63K shares

$6.0B · 21K shares

$6.0B · 52K shares

$6.0B · 613K shares

$6.0B · 16K shares

$6.0B · 418K shares

MESH

$6.0B · 608K shares

BMNR

$6.0B · 226K shares

XPEV

$6.0B · 299K shares

$6.0B · 38K shares

$5.0B · 89K shares

$5.0B · 5K shares

$5.0B · 123K shares

$5.0B · 563K shares

$5.0B · 21K shares

$4.0B · 188K shares

$4.0B · 407K shares

$4.0B · 43K shares

$4.0B · 541K shares

$4.0B · 50K shares

$4.0B · 505K shares

$4.0B · 275K shares

$4.0B · 33K shares

$4.0B · 5.0M shares

SILICON VY ACQUISITION CORP

$4.0B · 452K shares

$4.0B · 95K shares

$3.0B · 203K shares

$3.0B · 54K shares

$3.0B · 350K shares

$3.0B · 27K shares

LAFAYETTE ACQUISITION CORP

$3.0B · 310K shares

$3.0B · 344K shares

$3.0B · 3.0M shares

$3.0B · 53K shares

$3.0B · 69K shares

$3.0B · 20K shares

$3.0B · 12K shares

$3.0B · 350K shares

$3.0B · 337K shares

$2.0B · 52K shares

IBB

$2.0B · 14K shares

$2.0B · 30K shares

MKSI

$2.0B · 15K shares

AEAQ

$2.0B · 240K shares

$2.0B · 150K shares

$2.0B · 536K shares

$2.0B · 24K shares

$2.0B · 16K shares

$2.0B · 299K shares

$2.0B · 20K shares

$2.0B · 40K shares

$2.0B · 48K shares

$1.0B · 113K shares

$1.0B · 200K shares

$1.0B · 72K shares

$1.0B · 15K shares

$1.0B · 13K shares

SOCA

$1.0B · 150K shares

$1.0B · 17K shares

$1.0B · 100K shares

$1.0B · 1K shares

$1.0B · 723K shares

$1.0B · 100K shares

$1.0B · 143K shares

$1.0B · 100K shares

$1.0B · 62K shares

$1.0B · 22K shares

$1.0B · 100K shares

$1.0B · 10K shares

$1.0B · 2K shares

$1.0B · 12K shares

$1.0B · 5K shares

$1.0B · 154K shares

$1.0B · 8K shares

$1.0B · 5K shares

$1.0B · 4K shares

$1.0B · 109K shares

$1.0B · 4K shares

$1.0B · 152K shares

$1.0B · 199K shares

$1.0B · 34K shares

$1.0B · 56K shares

$1.0B · 28K shares

$1.0B · 100K shares

GENERAL PURP ACQUISITION COR

$1.0B · 153K shares

CTRA

$1.0B · 87K shares

STLA

$1.0B · 111K shares

BLUE WTR ACQUISITION CORP. I

$0 · 10K shares

OHI

$0 · 14K shares

CAH

$0 · 1K shares

BIIB

$0 · 2K shares

$0 · 20K shares

HSDT

$0 · 232K shares

$0 · 21K shares

DNUT

$0 · 201K shares

SAC

$0 · 89K shares

DHI

$0 · 2K shares

$0 · 5K shares

RANGE CAP ACQUISITION CORP I

$0 · 88K shares

$0 · 25K shares

$0 · 26K shares

$0 · 4K shares

$0 · 1K shares

$0 · 29K shares

$0 · 10K shares

$0 · 32K shares

$0 · 974 shares

$0 · 50K shares

$0 · 10K shares

$0 · 152K shares

$0 · 3K shares

$0 · 25K shares

$0 · 3K shares

$0 · 3K shares

$0 · 83K shares

$0 · 283K shares

$0 · 10K shares

$0 · 49K shares

$0 · 93K shares

$0 · 70K shares

$0 · 32K shares

$0 · 35K shares

$0 · 8K shares

CROWN RESV ACQUISITION CORP

$0 · 100K shares

DYOR

$0 · 122K shares

ORBS

$0 · 51K shares

RANGE CAP ACQUISITION CORP

$0 · 50K shares

CTVA

$0 · 5K shares

DEFI

$0 · 257K shares

$0 · 2K shares

$0 · 27K shares

$0 · 10K shares

$0 · 2K shares

$0 · 14K shares

$0 · 64K shares

$0 · 440K shares

$0 · 588 shares

$0 · 35K shares

$0 · 5K shares

$0 · 91K shares

$0 · 21K shares

$0 · 7K shares

$0 · 9K shares

$0 · 231K shares

$0 · 20K shares

$0 · 10K shares

$0 · 422 shares

$0 · 23K shares

$0 · 11K shares

$0 · 110K shares

$0 · 1K shares

$0 · 9K shares

$0 · 25K shares

$0 · 18K shares

$0 · 4K shares

$0 · 25K shares

$0 · 10K shares

STLD

$0 · 1K shares

APEX TREAS CORP

$0 · 573K shares

CSLM DIGITA ASSET ACQ CORP I

$0 · 13K shares

$0 · 500K shares

$0 · 317K shares

$0 · 17K shares

$0 · 50K shares

$0 · 326K shares

$0 · 540K shares

TALON CAP CORP

$0 · 100K shares

SEDG

$0 · 25K shares

FAST

$0 · 5K shares

URNM

$0 · 11K shares

BTC DEV CORP

$0 · 13K shares

FIG

$0 · 33K shares

EWH

$0 · 9K shares

SPRING VY ACQUISITION CORP I

$0 · 24K shares

$0 · 8K shares

$0 · 169K shares

$0 · 76K shares

$0 · 43K shares

$0 · 797K shares

$0 · 6K shares

$0 · 345K shares

$0 · 10K shares

$0 · 317K shares

$0 · 46K shares

$0 · 103K shares

$0 · 150K shares

$0 · 15K shares

$0 · 8K shares

$0 · 12K shares

$0 · 126K shares

Closed Positions (232)

$75.6B · 393K shares

$73.9B · 321K shares

$69.1B · 596K shares

$31.4B · 10.0M shares

$26.5B · 416K shares

$24.5B · 90K shares

$22.1B · 233K shares

$21.3B · 969K shares

$18.4B · 11.2M shares

ADSK

$17.3B · 54K shares

PFSI

$17.0B · 138K shares

$16.7B · 287K shares

$16.2B · 713K shares

$14.9B · 200K shares

$14.5B · 830K shares

$13.5B · 114K shares

UBER 0.875 12/01/28 2028

$13.2B · 9.0M shares

$13.1B · 370K shares

$12.7B · 98K shares

$12.0B · 117K shares

$11.7B · 408K shares

$10.9B · 100K shares

$10.9B · 1.9M shares

$10.7B · 50K shares

$10.5B · 203K shares

$10.4B · 115K shares

$10.0B · 90K shares

$9.9B · 61K shares

$9.1B · 97K shares

$9.0B · 32K shares

COP

$9.0B · 95K shares

$9.0B · 12K shares

$8.9B · 841K shares

$8.9B · 282K shares

$8.9B · 105K shares

$8.6B · 1.1M shares

$8.6B · 55K shares

$8.4B · 201K shares

$8.3B · 45K shares

$8.2B · 62K shares

$8.1B · 40K shares

$8.1B · 17K shares

$7.8B · 80K shares

$7.8B · 30K shares

$7.5B · 7.0M shares

$7.3B · 88K shares

$7.0B · 7.1M shares

$6.7B · 550K shares

$6.4B · 702K shares

$6.1B · 132K shares

KODK

$6.0B · 937K shares

CNP

$5.4B · 139K shares

$5.3B · 434K shares

$5.2B · 42K shares

$5.2B · 266K shares

$5.1B · 1.3M shares

$4.7B · 45K shares

$4.7B · 23K shares

$4.7B · 32K shares

$4.5B · 280K shares

$4.5B · 139K shares

$4.4B · 179K shares

$4.2B · 260K shares

$4.2B · 4.1M shares

$4.0B · 50K shares

$3.8B · 90K shares

$3.7B · 169K shares

$3.6B · 114K shares

$3.6B · 353K shares

$3.5B · 117K shares

$3.5B · 26K shares

$3.5B · 150K shares

$3.2B · 59K shares

$3.1B · 15K shares

$3.1B · 648K shares

$3.1B · 16K shares

$3.1B · 536K shares

$2.8B · 28K shares

MOS

$2.8B · 80K shares

AEO

$2.7B · 160K shares

CYBR

$2.7B · 6K shares

CSLM DIGITA ASSET ACQ CORP I

$2.7B · 270K shares

$2.6B · 24K shares

$2.6B · 264K shares

$2.6B · 35K shares

$2.5B · 250K shares

$2.5B · 27K shares

$2.5B · 73K shares

$2.4B · 67K shares

$2.4B · 40K shares

$2.4B · 3K shares

$2.4B · 261K shares

$2.3B · 822K shares

$2.2B · 27K shares

$2.1B · 28K shares

$2.0B · 42K shares

$2.0B · 14K shares

$1.9B · 62K shares

$1.9B · 1.1M shares

$1.9B · 52K shares

$1.8B · 21K shares

$1.8B · 42K shares

$1.8B · 25K shares

$1.8B · 50K shares

$1.7B · 18K shares

$1.7B · 34K shares

$1.7B · 5K shares

$1.7B · 26K shares

$1.6B · 23K shares

$1.6B · 21K shares

$1.5B · 6K shares

$1.5B · 93K shares

$1.5B · 1K shares

$1.5B · 26K shares

$1.5B · 10K shares

$1.4B · 13K shares

$1.3B · 34K shares

$1.3B · 17K shares

$1.3B · 30K shares

$1.3B · 124K shares

$1.1B · 252 shares

$1.1B · 64K shares

$1.1B · 8K shares

$1.0B · 20K shares

SPRING VY ACQUISITION CORP I

$1.0B · 100K shares

MBVI

$1.0B · 100K shares

BDCI

$1.0B · 100K shares

SHOO

$993.5M · 30K shares

$989.5M · 13K shares

SPEG

$989.4M · 99K shares

BYND 0 03/15/27

$987.5M · 5.0M shares

$973.4M · 10K shares

$961.8M · 16K shares

$960.3M · 95K shares

$939.9M · 390K shares

USFD

$934.8M · 12K shares

STLA

$934.0M · 100K shares

$933.2M · 12K shares

HUT

$922.5M · 27K shares

$917.5M · 15K shares

$914.1M · 95K shares

$898.9M · 3K shares

$886.6M · 20K shares

$883.5M · 1.0M shares

$862.2M · 10K shares

$861.8M · 84K shares

$852.3M · 30K shares

$831.7M · 15K shares

$824.2M · 83K shares

$822.4M · 3K shares

$812.9M · 81K shares

$806.1M · 80K shares

$778.7M · 15K shares

$753.2M · 3K shares

$726.1M · 23K shares

EWU

$713.2M · 17K shares

$689.7M · 14K shares

$687.2M · 8K shares

$677.6M · 13K shares

$673.4M · 67K shares

$665.7M · 64K shares

$665.2M · 29K shares

$663.6M · 15K shares

$654.9M · 58K shares

$594.2M · 56K shares

$590.4M · 59K shares

$574.1M · 23K shares

$567.5M · 50K shares

$552.5M · 50K shares

$527.9M · 50K shares

$517.2M · 50K shares

$515.5M · 9K shares

$491.8M · 20K shares

$480.0M · 25K shares

$464.4M · 45K shares

$454.8M · 32K shares

$444.1M · 14K shares

$437.5M · 33K shares

$422.1M · 772 shares

$405.4M · 39K shares

$402.7M · 12K shares

SYM

$397.2M · 7K shares

SABR

$374.2M · 205K shares

$338.9M · 145 shares

$324.2M · 11K shares

$312.4M · 1K shares

$307.0M · 9K shares

$305.6M · 6K shares

$304.8M · 1K shares

$300.0M · 30K shares

$291.7M · 800 shares

$288.5M · 50K shares

$273.2M · 5K shares

$268.0M · 27K shares

$257.2M · 20K shares

$256.4M · 25K shares

$254.4M · 193 shares

$247.1M · 6K shares

$234.3M · 2K shares

$210.2M · 20K shares

$206.8M · 40K shares

$185.2M · 17K shares

$176.7M · 27K shares

$147.7M · 14K shares

CRANE HBR ACQUISITION CORP

$124.5M · 402K shares

FSLY

$103.4M · 12K shares

INFLECTION PT ACQUISITION CO

$86.0M · 195K shares

LOB

$80.3M · 166K shares

TACH

$56.5M · 188K shares

CHURCHILL CAP CORP X

$53.3M · 15K shares

$49.6M · 291K shares

$42.0M · 300K shares

$40.8M · 291K shares

$36.6M · 80K shares

$36.5M · 82K shares

$31.8M · 50K shares

$29.0M · 116K shares

$26.9M · 10K shares

$22.7M · 11K shares

$22.2M · 92K shares

$19.1M · 88K shares

$18.1M · 12K shares

$14.5M · 95K shares

$13.0M · 50K shares

$12.9M · 25K shares

$12.5M · 63K shares

$8.8M · 38K shares

$7.7M · 100K shares

$7.3M · 33K shares

$6.8M · 44K shares

$5.6M · 70K shares

$4.3M · 25K shares

Sector Breakdown

Sector	# Holdings	Value	%
Financial Services	210	$21.2T	42.4%
Technology	151	$8.5T	17.0%
Unknown	85	$7.1T	14.2%
Consumer Cyclical	78	$4.7T	9.3%
Communication Services	32	$3.3T	6.5%
Industrials	53	$1.8T	3.6%
Energy	54	$889.0B	1.8%
Healthcare	53	$747.0B	1.5%
Utilities	22	$613.0B	1.2%
Basic Materials	32	$494.0B	1.0%
Consumer Defensive	30	$461.0B	0.9%
Real Estate	20	$262.0B	0.5%