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

Parallax Volatility Advisers, L.P.

Q3 2025 · Filed 2025-11-14
Market Value
$2.9B
+46.7%
Holdings
554
-43
New Purchases
152
Added To
136
Closed
109
Reduced
135
Top 10 Concentration
36.2%
Turnover
47.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GLD 6.61% 0.00% +6.61% $195M
META 7.11% 0.87% +6.24% $210M
TSLA 3.73% 0.00% +3.73% $110M
PLTR 3.83% 0.67% +3.16% $113M
QQQ 2.17% 0.00% +2.17% $64M
AMZN 1.49% 0.03% +1.46% $44M
BA 1.19% 0.00% +1.19% $35M
BAC 1.18% 0.00% +1.18% $35M
GS 1.16% 0.00% +1.16% $34M
TSM 1.15% 0.00% +1.15% $34M
SNOW 1.06% 0.00% +1.06% $31M
AAPL 1.08% 0.10% +0.98% $32M
GOOGL 1.44% 0.50% +0.94% $42M
MS 0.89% 0.00% +0.89% $26M
AVGO 0.78% 0.00% +0.78% $23M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 4.57% 9.64% -5.07% $135M
ARM 0.59% 4.78% -4.19% $17M
NFLX 1.81% 4.60% -2.78% $53M
MSFT 0.00% 2.20% -2.20% $0
ARKK 0.00% 1.84% -1.84% $71K
BABA 0.28% 1.71% -1.43% $8M
JD 0.18% 1.61% -1.43% $5M
XLF 0.00% 1.35% -1.35% $54
GEV 1.61% 2.94% -1.34% $47M
TLT 0.80% 2.01% -1.22% $23M
AXP 0.00% 1.16% -1.16% $0
KRE 0.00% 1.07% -1.07% $63
CEF 0.00% 0.96% -0.96% $0
ZS 0.80% 1.64% -0.84% $24M
GE 2.11% 2.91% -0.80% $62M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 55 $1.3B 44.9%
Large Cap 282 $1.3B 45.6%
Mid Cap 119 $201M 6.8%
Small Cap 72 $67M 2.3%
Micro Cap 26 $11M 0.4%

Portfolio Analytics

Avg Market Cap
$126.4B
Median Market Cap
$19.9B
Avg P/E
36.9
Median P/E
25.1
Avg Dividend Yield
0.01%
Avg Beta
1.21
# Stocks
497
# ETFs / Funds
57

Top Holdings (554 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 META 7.11% 285,409 $210M $734.38 $192M +261,598 +1098.6%
2 GLD 6.61% 548,077 $195M $355.47 +548,077 NEW
3 NVDA 4.57% 721,202 $135M $186.58 -$59M -516,247 -41.7%
4 PLTR 3.83% 618,024 $113M $182.42 $99M +519,599 +527.9%
5 TSLA 3.73% 247,187 $110M $444.72 +247,187 NEW
6 NET 2.68% 368,380 $79M $214.59 $10M +8,015 +2.2%
7 QQQ 2.17% 106,284 $64M $600.37 +106,284 NEW
8 GE 2.11% 206,682 $62M $300.82 $4M -20,063 -8.8%
9 NFLX 1.81% 44,589 $53M $1,198.92 -$39M -24,395 -35.4%
10 GEV 1.61% 77,037 $47M $614.90 -$12M -34,724 -31.1%
11 CRWD 1.56% 93,680 $46M $490.38 $28M +57,561 +159.4%
12 AMZN 1.49% 200,482 $44M $219.57 $43M +197,361 +6323.6%
13 GOOGL 1.44% 174,161 $42M $243.10 $32M +117,440 +207.1%
14 C 1.33% 386,606 $39M $101.50 $27M +240,033 +163.8%
15 BA 1.19% 162,747 $35M $215.83 +162,747 NEW
16 BAC 1.18% 675,372 $35M $51.59 +675,372 NEW
17 GS 1.16% 42,778 $34M $796.35 +42,778 NEW
18 TSM 1.15% 121,158 $34M $279.29 +121,158 NEW
19 WFC 1.10% 386,428 $32M $83.82 $17M +196,894 +103.9%
20 AAPL 1.08% 125,539 $32M $254.63 $30M +115,523 +1153.4%
21 SNOW 1.06% 138,959 $31M $225.55 +138,959 NEW
22 ORCL 0.98% 102,845 $29M $281.24 $494K -27,193 -20.9%
23 MS 0.89% 164,861 $26M $158.96 +164,861 NEW
24 CI 0.86% 87,904 $25M $288.25 -$4M -278 -0.3%
25 DAL 0.81% 418,912 $24M $56.75 $447K -55,401 -11.7%
26 ZS 0.80% 79,052 $24M $299.66 -$9M -25,835 -24.6%
27 TLT 0.80% 262,231 $23M $89.37 -$17M -195,536 -42.7%
28 AVGO 0.78% 69,932 $23M $329.91 +69,932 NEW
29 JPM 0.72% 67,397 $21M $315.43 $17M +53,883 +398.7%
30 NKE 0.72% 304,425 $21M $69.73 -$2M -17,867 -5.5%
31 GM 0.72% 345,803 $21M $60.97 $4M +5,792 +1.7%
32 XBI 0.66% 194,820 $20M $100.20 $19M +192,958 +10362.9%
33 WULF 0.65% 1,677,627 $19M $11.42 $18M +1,476,057 +732.3%
34 UAL 0.64% 196,359 $19M $96.50 $13M +117,351 +148.5%
35 AAL 0.64% 1,671,833 $19M $11.24 -$8M -662,426 -28.4%
36 KR 0.61% 268,481 $18M $67.41 $13M +197,625 +278.9%
37 INTU 0.60% 25,813 $18M $682.91 +25,813 NEW
38 SHOP 0.59% 117,919 $18M $148.61 $15M +95,492 +425.8%
39 ARM 0.59% 121,944 $17M $141.49 -$79M -471,682 -79.5%
40 AMD 0.58% 105,234 $17M $161.79 $2M +1,764 +1.7%
41 MU 0.57% 100,994 $17M $167.32 +100,994 NEW
42 CVS 0.54% 211,532 $16M $75.39 $4M +39,174 +22.7%
43 UNH 0.54% 46,057 $16M $345.30 -$2M -10,720 -18.9%
44 SMH 0.54% 48,366 $16M $326.36 -$2M -16,091 -25.0%
45 DDOG 0.53% 110,425 $16M $142.40 $12M +84,649 +328.4%
46 TWLO 0.53% 155,549 $16M $100.09 -$5M -9,369 -5.7%
47 SOXX 0.51% 55,420 $15M $271.12 $49K -7,321 -11.7%
48 STX 0.50% 61,992 $15M $236.06 +61,992 NEW
49 SCHW 0.48% 149,348 $14M $95.47 +149,348 NEW
50 Z 0.47% 178,893 $14M $77.05 $6M +63,585 +55.1%
51 BIDU 0.45% 101,369 $13M $131.77 $8M +43,190 +74.2%
52 MDB 0.45% 43,025 $13M $310.38 $2M -10,644 -19.8%
53 ABNB 0.44% 106,526 $13M $121.42 $11M +94,793 +807.9%
54 ROKU 0.44% 129,075 $13M $100.13 $687K -10,162 -7.3%
55 INTC 0.43% 379,436 $13M $33.55 -$3M -320,723 -45.8%
56 SMCI 0.43% 263,208 $13M $47.94 -$3M -50,962 -16.2%
57 PYPL 0.42% 182,763 $12M $67.06 $2M +46,789 +34.4%
58 DIS 0.41% 104,441 $12M $114.50 $3M +29,239 +38.9%
59 ETSY 0.38% 170,221 $11M $66.39 $3M -1,967 -1.1%
60 MO 0.36% 162,664 $11M $66.06 +162,664 NEW
61 MARA 0.36% 583,350 $11M $18.26 +583,350 NEW
62 ADBE 0.36% 29,940 $11M $352.75 -$3M -5,973 -16.6%
63 WYNN 0.36% 81,822 $10M $128.27 $7M +41,830 +104.6%
64 JBL 0.35% 48,081 $10M $217.17 -$312K -1,225 -2.5%
65 HOOD 0.34% 69,731 $10M $143.18 $3M -6,178 -8.1%
66 NRG 0.34% 61,333 $10M $161.95 $1M +8,169 +15.4%
67 SHW 0.33% 28,338 $10M $346.26 $7M +19,607 +224.6%
68 DASH 0.33% 35,270 $10M $271.99 +35,270 NEW
69 GLW 0.32% 114,298 $9M $82.03 $8M +95,687 +514.1%
70 GDX 0.31% 121,149 $9M $76.40 $318K -50,542 -29.4%
71 RBLX 0.30% 63,196 $9M $138.52 $6M +36,012 +132.5%
72 TJX 0.30% 60,406 $9M $144.54 $8M +51,114 +550.1%
73 DELL 0.30% 61,566 $9M $141.77 +61,566 NEW
74 LYFT 0.30% 396,162 $9M $22.01 $7M +268,526 +210.4%
75 BLK 0.29% 7,436 $9M $1,165.87 +7,436 NEW
76 CEG 0.29% 25,575 $8M $329.07 +25,575 NEW
77 TTD 0.28% 169,433 $8M $49.01 -$1M +36,306 +27.3%
78 FXI 0.28% 201,262 $8M $41.14 +201,262 NEW
79 VLO 0.28% 48,164 $8M $170.26 $8M +45,693 +1849.2%
80 BABA 0.28% 45,785 $8M $178.73 -$26M -257,075 -84.9%
81 AEM 0.28% 48,123 $8M $168.56 $2M -1,157 -2.4%
82 BWXT 0.27% 42,762 $8M $184.37 $5M +19,487 +83.7%
83 EFA 0.26% 83,322 $8M $93.37 +83,322 NEW
84 CCL 0.26% 262,094 $8M $28.91 -$3M -100,327 -27.7%
85 SBUX 0.25% 87,288 $7M $84.60 -$864K -2,737 -3.0%
86 STZ 0.25% 54,654 $7M $134.67 +54,654 NEW
87 APH 0.24% 56,011 $7M $123.75 +56,011 NEW
88 RIOT 0.23% 361,224 $7M $19.03 $5M +191,224 +112.5%
89 IBKR 0.23% 99,156 $7M $68.81 $3M +22,701 +29.7%
90 MRVL 0.23% 80,536 $7M $84.07 -$1M -22,702 -22.0%
91 PEP 0.23% 48,135 $7M $140.44 -$3M -29,332 -37.9%
92 ANET 0.23% 45,834 $7M $145.71 +45,834 NEW
93 TPR 0.22% 58,416 $7M $113.22 $2M +5,759 +10.9%
94 XLV 0.22% 47,460 $7M $139.17 $3M +22,845 +92.8%
95 AFRM 0.22% 89,283 $7M $73.08 +89,283 NEW
96 NCLH 0.22% 262,829 $6M $24.63 $4M +139,363 +112.9%
97 CIFR 0.22% 503,270 $6M $12.59 $6M +368,577 +273.6%
98 UAA 0.21% 1,253,805 $6M $4.99 $574K +421,843 +50.7%
99 SLB 0.21% 181,469 $6M $34.37 -$113K -6,415 -3.4%
100 OKTA 0.21% 67,644 $6M $91.70 -$4M -40,572 -37.5%

Options Breakdown

599 Calls $16.8B Call Value 574 Puts $45.7B Put Value 2.71 P/C Ratio

Top Calls

SymbolSharesValueStatus
QQQ 3,522,900 $2.1B
SPY 2,330,000 $1.6B
GLD 3,915,900 $1.4B
XLF 15,713,300 $846M
META 1,022,300 $751M
IWM 2,779,400 $673M
NVDA 2,382,500 $445M
CVNA 755,700 $285M
GOOGL 1,018,300 $248M
AXP 733,900 $244M

Top Puts

SymbolSharesValueStatus
SPY 33,548,200 $22.3B
QQQ 7,055,700 $4.2B
IWM 7,850,300 $1.9B
TSLA 2,419,800 $1.1B
NVDA 5,408,000 $1.0B
AVGO 1,656,700 $547M
META 741,300 $544M
GLD 1,410,000 $501M
XLF 8,047,400 $434M
AAPL 1,698,000 $432M

New Positions

SymbolValue% Port
GLD $195M 6.61%
TSLA $110M 3.73%
QQQ $64M 2.17%
BA $35M 1.19%
BAC $35M 1.18%
GS $34M 1.16%
TSM $34M 1.15%
SNOW $31M 1.06%
MS $26M 0.89%
AVGO $23M 0.78%
INTU $18M 0.60%
MU $17M 0.57%
STX $15M 0.50%
SCHW $14M 0.48%
MO $11M 0.36%

Sold Out Positions

SymbolValue% Port
ESTC —%
YUM —%
ACN —%
ACI —%
DECK —%
BMY —%
XOM —%
HWM —%
ZTS —%
CSTM —%
VEEV —%
DLR —%
HLT —%
GPC —%
STLA —%
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