Parallax Volatility Advisers, L.P.
Follow13F filer, CIK 1521001, San Francisco, CA
Parallax Volatility Advisers, L.P. reported $44,357,705,777 across 1,527 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 30.22% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-003451
- Period
- 2025-06-30
- Reported value
- $44.4B
- Holdings
- 1,527
- Top 10 weight
- 30.22%
- New
- 395
- Sold out
- 386
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| ARMadded | +353,055 | $57.1M |
| NFLXadded | +32,244 | $43.2M |
| GEadded | +157,715 | $40.6M |
| TLTnew | +457,767 | $40.4M |
| ARKKadded | +510,137 | $35.9M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| TSMexited | -814,495 | -$135M |
| TSLAexited | -340,898 | -$88.3M |
| AAPLreduced | -314,377 | -$64.5M |
| NVDAreduced | -349,536 | -$54.7M |
| TMUSexited | -198,906 | -$53.1M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Back to all 473 share positions
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| SABRSABRE CORP Stock | call | 4,500 | $14.2K | -109,300 |
| IPINTERNATIONAL PAPER CO Stock | call | 300 | $14K | -99,700 |
| TJXTJX COS INC NEW COM | call | 100 | $12.3K | -106,800 |
| PLDPROLOGIS INC. COM | put | 100 | $10.5K | 0 |
| CNPCENTERPOINT ENERGY INC COM | call | 200 | $7.35K | new |
| OMFONEMAIN HLDGS INC Stock | call | 100 | $5.7K | 0 |
| WOLFSPEED INCWOLFSPEED INC COM | call | 13,800 | $5.5K | -37,900 |
| CFGCITIZENS FINL GROUP INC Stock | call | 100 | $4.47K | -198,900 |
| FHNFIRST HORIZON CORPORATION Common Capital Stock, par value $0.625 per share | call | 200 | $4.24K | 0 |
| HBANHUNTINGTON BANCSHARES INC Stock | call | 200 | $3.35K | -1,000 |
| AAALCOA CORP Stock | call | 100 | $2.95K | -33,700 |
| BITOPROSHARES TR BITCOIN ETF | put | 100 | $2.15K | -4,300 |
| CGCCANOPY GROWTH CORPORATION Stock | call | 1,600 | $1.95K | -55,500 |
| WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC COM | put | 100 | $1.15K | -100 |
| UAAUNDER ARMOUR INC CL A | call | 100 | $683 | new |
| CRONCRONOS GROUP INC COM | call | 200 | $382 | -105,600 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0 | principal | 40,000,000 | $46.2M | 0 |
| AXON ENTERPRISE INCAXON ENTERPRISE INC NOTE 0.500%12/1 | principal | 10,000,000 | $36.3M | new |
| SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1 | principal | 20,000,000 | $30.3M | 0 |
| AIRBNB INCAIRBNB INC CLASS A | principal | 25,000,000 | $24.1M | -3,000,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertible | principal | 18,750,000 | $21.6M | new |
| BLACKSTONE MORTGAGE TRUST INBLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 | principal | 19,500,000 | $18.9M | +4,500,000 |
| ARBOR REALTY TRUST INCARBOR REALTY TRUST INC NOTE 7.500% 8/0 | principal | 16,000,000 | $15.8M | +4,000,000 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 12,000,000 | $11.9M | +2,000,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 10,000,000 | $11.8M | -2,000,000 |
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 12,182,000 | $10.4M | +3,014,000 |
| AFFIRM HLDGS INCAFFIRM HLDGS INC NOTE 11/1 | principal | 10,500,000 | $9.83M | 0 |
| TripAdvisor IncTripAdvisor Inc CONV | principal | 10,000,000 | $9.6M | 0 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1 | principal | 10,000,000 | $9.04M | 0 |
| REDFIN CORPREDFIN CORP NOTE 0.500% 4/0 | principal | 10,000,000 | $8.98M | 0 |
| SEMTECH CORPSEMTECH CORP NOTE 1.625%11/0 | principal | 5,500,000 | $7.91M | -2,000,000 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 | principal | 5,000,000 | $7.68M | new |
| SEA LTDSEA LTD NOTE 0.250% 9/1 | principal | 8,000,000 | $7.54M | 0 |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0 | principal | 4,000,000 | $7.19M | new |
| RWT HLDGS INCRWT HLDGS INC NOTE 5.750%10/0 | principal | 7,060,000 | $7.04M | +560,000 |
| PEABODY ENGR CORPPEABODY ENGR CORP NOTE 3.250% 3/0 | principal | 6,500,000 | $6.69M | new |
| PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP NOTE 1.500%10/1 | principal | 5,500,000 | $6.29M | 0 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 6,125,000 | $6.05M | -8,875,000 |
| WIX COM LTDWIX COM LTD NOTE 8/1 | principal | 6,000,000 | $5.96M | 0 |
| CRACKER BARREL OLD CTRY STORCRACKER BARREL OLD CTRY STOR cv | principal | 6,000,000 | $5.71M | 0 |
| AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC NOTE 6.500% 7/0 | principal | 5,000,000 | $4.99M | 0 |
| DROPBOX INCDROPBOX INC NOTE 3/0 | principal | 4,500,000 | $4.56M | +2,500,000 |
| FIVE9 INCFIVE9 INC CNV | principal | 5,000,000 | $4.36M | new |
| WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1 | principal | 5,000,000 | $4.3M | 0 |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 3,521,000 | $3.62M | new |
| BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0 | principal | 3,500,000 | $3.3M | +1,000,000 |
| PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC NOTE 7.250% 8/1 | principal | 2,500,000 | $3.12M | new |
| SNAP INCSNAP INC NOTE 0.125% 3/0 | principal | 3,400,000 | $2.95M | -1,600,000 |
| VAIL RESORTS INCVAIL RESORTS INC NOTE 1/0 | principal | 3,000,000 | $2.92M | 0 |
| GREEN PLAINS INCGREEN PLAINS INC NOTE 2.250% 3/1 | principal | 3,000,000 | $2.5M | -2,000,000 |
| MARA HOLDINGS INCMARA HOLDINGS INC NOTE 1.000%12/0 | principal | 2,500,000 | $2.25M | 0 |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 2,000,000 | $2.08M | 0 |
| UPWORK INCUPWORK INC NOTE 0.250% 8/1 | principal | 2,000,000 | $1.88M | -1,000,000 |
| BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1 | principal | 10,400,000 | $827K | 0 |
Sold out in Q2 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 386. All 386
| Security | Shares before | Value before | Type |
|---|---|---|---|
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 814,495 | $135M | shares |
| TSLATESLA INC | 340,898 | $88.3M | shares |
| ZSZSCALER INC | 287,900 | $57.1M | call |
| TMUST-MOBILE US INC | 198,906 | $53.1M | shares |
| VVISA INC | 146,472 | $51.3M | shares |
| EWZISHARES INC | 1,550,000 | $40.1M | put |
| ITWILLINOIS TOOL WKS INC | 152,600 | $37.8M | call |
| BOOKING HOLDINGS INCBOOKING HOLDINGS INC | 15,000,000 | $36.9M | principal |
| PALO ALTO NETWORKS INCPALO ALTO NETWORKS INC | 10,000,000 | $34.3M | principal |
| MSMORGAN STANLEY | 285,901 | $33.4M | shares |
| AVGOBROADCOM INC | 190,935 | $32M | shares |
| UBERUBER TECHNOLOGIES INC | 354,152 | $25.8M | shares |
| MAMASTERCARD INCORPORATED | 43,662 | $23.9M | shares |
| APPNAPPIAN CORP | 818,000 | $23.6M | put |
| MUMICRON TECHNOLOGY INC | 266,953 | $23.2M | shares |
| GSGOLDMAN SACHS GROUP INC | 38,154 | $20.8M | shares |
| QCOMQUALCOMM INC | 134,292 | $20.6M | shares |
| DELLDELL TECHNOLOGIES INC | 213,871 | $19.5M | shares |
| DASHDOORDASH INC | 101,533 | $18.6M | shares |
| ALBALBEMARLE CORP | 253,500 | $18.3M | put |
| AONAON PLC | 45,000 | $18M | call |
| DESPEGAR COM CORPDESPEGAR COM CORP | 930,100 | $17.5M | call |
| HDHOME DEPOT INC | 46,728 | $17.1M | shares |
| BABOEING CO | 92,672 | $15.8M | shares |
| RHRH | 67,042 | $15.7M | shares |
| VRTVERTIV HOLDINGS CO | 205,170 | $14.8M | shares |
| XPEVXPENG INC | 700,000 | $14.5M | put |
| JBLJABIL INC | 100,000 | $13.6M | call |
| CRMSALESFORCE INC | 50,591 | $13.6M | shares |
| QSRRESTAURANT BRANDS INTL INC | 202,400 | $13.5M | call |
| TPRTAPESTRY INC | 182,500 | $12.8M | call |
| IBMINTERNATIONAL BUSINESS MACHS | 50,800 | $12.6M | call |
| WAYFAIR INCWAYFAIR INC | 12,500,000 | $11.7M | principal |
| SOXLDIREXION SHARES ETF TRUST | 700,000 | $11.2M | put |
| REGNREGENERON PHARMACEUTICALS | 17,000 | $10.8M | put |
| CHKPCHECK POINT SOFTWARE TECH LT | 45,000 | $10.3M | call |
| TROWPRICE T ROWE GROUP INC | 107,100 | $9.84M | put |
| ANETARISTA NETWORKS INC | 118,907 | $9.21M | shares |
| BACBANK OF AMER CORP | 211,243 | $8.82M | shares |
| TFCTRUIST FINL CORP | 213,010 | $8.77M | shares |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW | 200,000 | $8.45M | put |
| RGLDROYAL GOLD INC | 50,000 | $8.18M | put |
| FIRSTENERGY CORPFIRSTENERGY CORP | 7,930,000 | $8.03M | principal |
| YUMYUM BRANDS INC | 50,000 | $7.87M | put |
| UPSUNITED PARCEL SVCS INC | 70,466 | $7.75M | shares |
| BDXBECTON DICKINSON & CO | 33,600 | $7.7M | call |
| EXPEEXPEDIA GROUP INC | 45,600 | $7.67M | put |
| EWZISHARES INC | 291,942 | $7.55M | shares |
| LENLENNAR CORP | 65,000 | $7.46M | put |
| CMCSACOMCAST CORP NEW | 197,800 | $7.3M | put |
| KLACKLA CORP | 10,376 | $7.05M | shares |
| VARONIS SYS INCVARONIS SYS INC | 5,000,000 | $6.65M | principal |
| DKNGDRAFTKINGS INC NEW | 194,100 | $6.45M | call |
| TSCOTRACTOR SUPPLY CO | 115,000 | $6.34M | call |
| AZNASTRAZENECA PLC-SPONS ADR | 86,200 | $6.34M | put |
| PINSPINTEREST INC | 203,880 | $6.32M | shares |
| CEGCONSTELLATION ENERGY CORP | 30,976 | $6.25M | shares |
| MRSHMARSH & MCLENNAN COS INC | 24,000 | $5.86M | call |
| REGNREGENERON PHARMACEUTICALS | 9,197 | $5.83M | shares |
| PPL CAP FDG INCPPL CAP FDG INC | 5,000,000 | $5.59M | principal |
| FIVNFIVE9 INC | 202,700 | $5.5M | put |
| BPBP PLC | 160,729 | $5.43M | shares |
| GSR III ACQUISITION CORPGSR III ACQUISITION CORP | 500,000 | $5.13M | shares |
| STMSTMICROELECTRONICS N V | 232,900 | $5.11M | put |
| XLRESELECT SECTOR SPDR TR | 120,000 | $5.02M | put |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC | 4,500,000 | $4.87M | principal |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW | 4,400,000 | $4.77M | principal |
| LUVSOUTHWEST AIRLS CO | 141,193 | $4.74M | shares |
| PHMPULTE GROUP INC | 45,900 | $4.72M | call |
| DEDEERE & CO | 10,000 | $4.69M | call |
| SCHWCHARLES SCHWAB CORP (THE) | 58,715 | $4.6M | shares |
| UUNITY SOFTWARE INC | 225,000 | $4.41M | put |
| MOALTRIA GROUP INC | 73,086 | $4.39M | shares |
| APPNAPPIAN CORP | 152,016 | $4.38M | shares |
| SOXLDIREXION SHARES ETF TRUST | 267,704 | $4.27M | shares |
| PEGPUBLIC SVC ENTERPRISE GROUP | 51,700 | $4.25M | call |
| AIGAMERICAN INTL GROUP INC | 47,115 | $4.1M | shares |
| EQIXEQUINIX INC | 5,000 | $4.08M | put |
| TGTTARGET CORP | 38,461 | $4.01M | shares |
| STMSTMICROELECTRONICS N V | 182,684 | $4.01M | shares |
| IRINGERSOLL RAND INC | 49,800 | $3.99M | call |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC | 4,000,000 | $3.98M | principal |
| GENGEN DIGITAL INC | 150,000 | $3.98M | call |
| OLEDUNIVERSAL DISPLAY CORP | 27,900 | $3.89M | put |
| BBIOBRIDGEBIO PHARMA INC | 109,700 | $3.79M | call |
| TWLOTWILIO INC | 38,600 | $3.78M | call |
| DTDYNATRACE INC | 80,000 | $3.77M | call |
| TTWOTAKE-TWO INTERACTIVE SOFTWAR | 18,142 | $3.76M | shares |
| SESEA LTD | 27,500 | $3.59M | call |
| NSCNORFOLK SOUTHN CORP | 15,000 | $3.55M | put |
| NSCNORFOLK SOUTHN CORP | 15,000 | $3.55M | call |
| BBYBEST BUY INC | 47,700 | $3.51M | put |
| SKXSKECHERS U S A INC | 59,900 | $3.4M | put |
| VRTXVERTEX PHARMACEUTICALS INC | 7,000 | $3.39M | call |
| XPEVXPENG INC | 161,727 | $3.35M | shares |
| RLRALPH LAUREN CORP | 15,100 | $3.33M | call |
| BLKBLACKROCK INC | 3,501 | $3.31M | shares |
| HDBHDFC BANK LTD | 49,000 | $3.26M | put |
| HPEHEWLETT PACKARD ENTERPRISE C | 202,773 | $3.13M | shares |
| IFFINTERNATIONAL FLAVORS&FRAGRA | 40,000 | $3.1M | call |
How Q2 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001172661-25-003451 | base | 2025-08-14 | acceptance time not in the bulk data set |