— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Parallax Volatility Advisers, L.P.

Q2 2025 · Filed 2025-08-14
Market Value
$2.0B
-21.6%
Holdings
597
-106
New Purchases
132
Added To
124
Closed
195
Reduced
128
Top 10 Concentration
36.1%
Turnover
54.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ARM 4.78% 1.00% +3.78% $96M
NFLX 4.60% 1.34% +3.26% $92M
NVDA 9.64% 6.71% +2.93% $194M
GE 2.91% 0.54% +2.37% $58M
NET 3.43% 1.14% +2.30% $69M
TLT 2.01% 0.00% +2.01% $40M
ARKK 1.84% 0.03% +1.81% $37M
ZS 1.64% 0.00% +1.64% $33M
JD 1.61% 0.14% +1.47% $32M
XLF 1.35% 0.00% +1.35% $27M
GEV 2.94% 1.72% +1.22% $59M
BABA 1.71% 0.52% +1.18% $34M
AXP 1.16% 0.10% +1.07% $23M
ORCL 1.42% 0.49% +0.92% $28M
META 0.87% 0.00% +0.87% $18M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TSM 0.00% 5.28% -5.28% $0
TSLA 0.00% 3.45% -3.45% $0
AAPL 0.10% 2.81% -2.71% $2M
TMUS 0.00% 2.07% -2.07% $0
V 0.00% 2.00% -2.00% $0
SQ 0.35% 1.71% -1.35% $7M
MS 0.00% 1.30% -1.30% $0
CEF 0.96% 2.24% -1.28% $19M
ABNB 0.08% 1.35% -1.27% $2M
AVGO 0.00% 1.25% -1.25% $0
PYPL 0.50% 1.57% -1.07% $10M
ETSY 0.43% 1.46% -1.03% $9M
UBER 0.00% 1.01% -1.01% $0
DIA 0.01% 0.99% -0.98% $249K
MA 0.00% 0.93% -0.93% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 62 $848M 42.2%
Large Cap 333 $898M 44.7%
Mid Cap 111 $202M 10.1%
Small Cap 68 $52M 2.6%
Micro Cap 23 $9M 0.5%

Portfolio Analytics

Avg Market Cap
$128.2B
Median Market Cap
$25.2B
Avg P/E
37.1
Median P/E
24.9
Avg Dividend Yield
0.01%
Avg Beta
1.16
# Stocks
536
# ETFs / Funds
61

Top Holdings (597 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 9.64% 1,237,449 $194M $156.47 $22M -349,536 -22.0%
2 ARM 4.78% 593,626 $96M $161.74 $70M +353,055 +146.8%
3 NFLX 4.60% 68,984 $92M $1,339.13 $58M +32,244 +87.8%
4 NET 3.43% 360,365 $69M $191.30 $40M +102,036 +39.5%
5 GEV 2.94% 111,761 $59M $529.15 $15M -32,950 -22.8%
6 GE 2.91% 226,745 $58M $257.39 $45M +157,715 +228.5%
7 MSFT 2.20% 88,854 $44M $497.41 $2M -23,248 -20.7%
8 TLT 2.01% 457,767 $40M $88.25 +457,767 NEW
9 ARKK 1.84% 525,116 $37M $70.29 $36M +510,137 +3405.7%
10 BABA 1.71% 302,860 $34M $113.41 $21M +201,113 +197.7%
11 ZS 1.64% 104,887 $33M $313.94 +104,887 NEW
12 JD 1.61% 991,998 $32M $32.64 $29M +901,745 +999.1%
13 CI 1.45% 88,182 $29M $330.58 $3M +7,452 +9.2%
14 ORCL 1.42% 130,038 $28M $218.63 $16M +39,653 +43.9%
15 XLF 1.35% 518,548 $27M $52.37 $27M +518,547 +51854700.0%
16 AAL 1.32% 2,334,259 $26M $11.35 $4M +200,208 +9.4%
17 DAL 1.16% 474,313 $23M $49.18 -$19M -492,988 -51.0%
18 AXP 1.16% 73,110 $23M $318.98 $21M +63,985 +701.2%
19 NKE 1.14% 322,292 $23M $71.04 $732K -26,852 -7.7%
20 KRE 1.07% 363,103 $22M $59.39 $13M +211,756 +139.9%
21 TWLO 1.02% 164,918 $21M $124.36 $7M +24,863 +17.8%
22 CEF 0.96% 641,772 $19M $30.10 -$38M -1,377,816 -68.2%
23 CRWD 0.92% 36,119 $18M $509.31 -$20M -73,903 -67.2%
24 SMH 0.89% 64,457 $18M $278.88 -$23M -130,921 -67.0%
25 UNH 0.88% 56,777 $18M $311.97 -$27M -28,295 -33.3%
26 META 0.87% 23,811 $18M $738.09 +23,811 NEW
27 GM 0.83% 340,011 $17M $49.21 $10M +191,953 +129.7%
28 INTC 0.78% 700,159 $16M $22.40 +700,159 NEW
29 SMCI 0.77% 314,170 $15M $49.01 $10M +146,465 +87.3%
30 CSX 0.76% 468,507 $15M $32.63 $15M +468,494 +3603800.0%
31 WFC 0.76% 189,534 $15M $80.12 -$8M -136,084 -41.8%
32 SOXX 0.75% 62,741 $15M $238.70 $12M +46,144 +278.0%
33 AMD 0.73% 103,470 $15M $141.90 -$17M -207,248 -66.7%
34 ADBE 0.69% 35,913 $14M $386.88 -$426K -1,425 -3.8%
35 BRK-B 0.68% 27,914 $14M $485.77 +27,914 NEW
36 PLTR 0.67% 98,425 $13M $136.32 $7M +16,579 +20.3%
37 C 0.62% 146,573 $12M $85.12 -$12M -191,745 -56.7%
38 ROKU 0.61% 139,237 $12M $87.89 $4M +22,567 +19.3%
39 CVS 0.59% 172,358 $12M $68.98 $8M +113,795 +194.3%
40 XLE 0.57% 135,642 $12M $84.81 $12M +135,641 +13564100.0%
41 MDB 0.56% 53,669 $11M $209.99 -$1M -17,048 -24.1%
42 JBL 0.54% 49,306 $11M $218.10 +49,306 NEW
43 OKTA 0.53% 108,216 $11M $98.66 $4M +41,798 +62.9%
44 PEP 0.51% 77,467 $10M $132.04 $10M +74,312 +2355.4%
45 CCL 0.51% 362,421 $10M $28.12 -$2M -265,330 -42.3%
46 PYPL 0.50% 135,974 $10M $74.32 -$30M -480,207 -77.9%
47 GOOGL 0.50% 56,721 $10M $176.23 -$12M -82,386 -59.2%
48 LLY 0.48% 12,495 $10M $779.53 -$4M -3,787 -23.3%
49 GILD 0.48% 87,543 $10M $110.87 -$226K -1,092 -1.2%
50 ASML 0.48% 12,074 $10M $801.39 $3M +1,464 +13.8%
51 TTD 0.48% 133,127 $10M $71.99 $5M +41,787 +45.8%
52 DIS 0.46% 75,202 $9M $124.01 $9M +72,799 +3029.5%
53 GDX 0.44% 171,691 $9M $52.06 -$18M -413,296 -70.7%
54 SOFI 0.44% 488,133 $9M $18.21 $3M +22,403 +4.8%
55 ADI 0.43% 36,692 $9M $238.02 $7M +25,643 +232.1%
56 ETSY 0.43% 172,188 $9M $50.16 -$29M -619,855 -78.3%
57 NRG 0.42% 53,164 $9M $160.58 $7M +32,684 +159.6%
58 SBUX 0.41% 90,025 $8M $91.63 $3M +36,254 +67.4%
59 Z 0.41% 115,308 $8M $71.31 -$2M -29,897 -20.6%
60 CSCO 0.40% 117,171 $8M $69.38 +117,171 NEW
61 MRVL 0.40% 103,238 $8M $77.40 +103,238 NEW
62 KMI 0.39% 265,528 $8M $29.40 -$5M -176,179 -39.9%
63 BSX 0.37% 69,696 $7M $107.41 -$11M -115,956 -62.5%
64 HYG 0.35% 88,401 $7M $80.65 +88,401 NEW
65 SQ 0.35% 104,838 $7M $67.93 -$37M -700,933 -87.0%
66 HOOD 0.35% 75,909 $7M $93.63 -$5M -203,475 -72.8%
67 MPC 0.35% 42,473 $7M $166.11 $4M +23,371 +122.3%
68 AMAT 0.34% 37,567 $7M $183.07 -$10M -78,808 -67.7%
69 AES 0.33% 630,933 $7M $10.52 $974K +174,961 +38.4%
70 ARKF 0.33% 130,699 $7M $50.24 +130,699 NEW
71 SLB 0.32% 187,884 $6M $33.80 $6M +183,764 +4460.3%
72 UAL 0.31% 79,008 $6M $79.63 -$19M -285,640 -78.3%
73 AEM 0.29% 49,280 $6M $118.93 -$795K -12,112 -19.7%
74 VZ 0.29% 133,955 $6M $43.27 +133,955 NEW
75 UAA 0.28% 831,962 $6M $6.83 $437K -7,279 -0.9%
76 DOCU 0.28% 72,780 $6M $77.89 -$4M -50,250 -40.8%
77 IBIT 0.28% 91,301 $6M $61.21 $952K -7,743 -7.8%
78 KCHVU 0.27% 542,562 $6M $10.17 +542,562 NEW
79 WDC 0.27% 85,002 $5M $63.99 $2M -6,778 -7.4%
80 GIS 0.26% 101,700 $5M $51.81 $5M +89,538 +736.2%
81 EQT 0.26% 89,118 $5M $58.32 $1M +14,463 +19.4%
82 KR 0.25% 70,856 $5M $71.73 $131K -2,290 -3.1%
83 BIDU 0.25% 58,179 $5M $85.76 $3M +39,796 +216.5%
84 GOOG 0.25% 27,910 $5M $177.39 -$18M -116,961 -80.7%
85 HUM 0.24% 20,055 $5M $244.48 -$2M -5,818 -22.5%
86 MCHP 0.24% 69,363 $5M $70.37 +69,363 NEW
87 XOM 0.24% 45,069 $5M $107.80 $5M +45,044 +180176.0%
88 FTNT 0.24% 44,883 $5M $105.72 $3M +25,740 +134.5%
89 TPR 0.23% 52,657 $5M $87.81 $4M +36,894 +234.1%
90 PBI 0.22% 400,000 $4M $10.91 $744K
91 AGG 0.22% 43,651 $4M $99.20 $12K
92 TXN 0.21% 20,785 $4M $207.62 -$3M -17,264 -45.4%
93 MGNI 0.21% 175,813 $4M $24.12 $1M -93,170 -34.6%
94 IBKR 0.21% 76,455 $4M $55.41 $4M +74,653 +4142.8%
95 EGHAU 0.20% 400,550 $4M $10.19 +400,550 NEW
96 EBAY 0.20% 54,130 $4M $74.46 $3M +44,017 +435.2%
97 MDT 0.20% 45,455 $4M $87.17 $2M +25,430 +127.0%
98 JPM 0.20% 13,514 $4M $289.91 -$3M -16,353 -54.8%
99 AJG 0.19% 11,962 $4M $320.12 +11,962 NEW
100 WYNN 0.19% 39,992 $4M $93.67 -$2M -34,277 -46.1%

Options Breakdown

596 Calls $13.7B Call Value 568 Puts $28.1B Put Value 2.05 P/C Ratio

Top Calls

SymbolSharesValueStatus
QQQ 2,337,400 $1.3B
SPY 1,727,600 $1.1B
META 1,179,800 $871M
XLF 8,463,700 $443M
NVDA 2,495,400 $394M
TSLA 1,237,400 $393M
IWM 1,743,100 $376M
AXP 729,900 $233M
NFLX 167,200 $224M
AAPL 1,044,900 $214M

Top Puts

SymbolSharesValueStatus
SPY 13,575,700 $8.4B
QQQ 6,187,700 $3.4B
IWM 5,150,700 $1.1B
NVDA 5,556,600 $878M
TSLA 1,826,200 $580M
META 760,300 $561M
MSTR 1,086,500 $439M
HYG 5,367,100 $433M
XLF 7,516,000 $394M
AVGO 1,326,700 $366M

New Positions

SymbolValue% Port
TLT $40M 2.01%
ZS $33M 1.64%
META $18M 0.87%
INTC $16M 0.78%
BRK-B $14M 0.68%
JBL $11M 0.54%
CSCO $8M 0.40%
MRVL $8M 0.40%
HYG $7M 0.35%
ARKF $7M 0.33%
VZ $6M 0.29%
KCHVU $6M 0.27%
MCHP $5M 0.24%
EGHAU $4M 0.20%
AJG $4M 0.19%

Sold Out Positions

SymbolValue% Port
T —%
BDX —%
ALB —%
CB —%
RH —%
LYV —%
FDX —%
UBER —%
HPE —%
AA —%
NOW —%
WY —%
NEE —%
CMG —%
PSX —%
View SEC EDGAR Filings for Parallax Volatility Advisers, L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms