Parallax Volatility Advisers, L.P.
Follow13F filer, CIK 1521001, San Francisco, CA
Parallax Volatility Advisers, L.P. reported $65,941,654,971 across 1,573 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 31.49% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-005017
- Period
- 2025-09-30
- Reported value
- $65.9B
- Holdings
- 1,573
- Top 10 weight
- 31.49%
- New
- 365
- Sold out
- 319
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| GLDnew | +548,077 | $195M |
| METAadded | +261,598 | $192M |
| TSLAnew | +247,187 | $110M |
| PLTRadded | +519,599 | $94.8M |
| QQQnew | +106,284 | $63.8M |
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 |
|---|---|---|
| NVDAreduced | -516,247 | -$96.3M |
| ARMreduced | -471,682 | -$66.7M |
| NEEexited | -787,858 | -$54.7M |
| BABAreduced | -257,075 | -$45.9M |
| ARKKreduced | -524,299 | -$45.2M |
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 523 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 |
|---|---|---|---|---|
| GLXYGALAXY DIGITAL INC. Stock | put | 400 | $13.5K | new |
| ASHRDBX ETF TR XTRACK HRVST CSI | call | 400 | $13.2K | -200 |
| APHAMPHENOL CORP COM | put | 100 | $12.4K | -14,900 |
| BAXBAXTER INTL INC COM | call | 400 | $9.11K | new |
| XLBSELECT SECTOR SPDR TR SBI MATERIALS | call | 100 | $8.96K | -6,800 |
| SBUXSTARBUCKS CORP COM | call | 100 | $8.46K | -29,900 |
| SABRSABRE CORP Stock | call | 4,500 | $8.23K | 0 |
| OMFONEMAIN HLDGS INC Stock | call | 100 | $5.65K | 0 |
| EDUNEW ORIENTAL ED & TECHNOLOGY ADR | put | 100 | $5.31K | new |
| FHNFIRST HORIZON CORPORATION Common Capital Stock, par value $0.625 per share | call | 200 | $4.52K | 0 |
| TIGRUP FINTECH HLDG LTD COM | call | 400 | $4.27K | -7,100 |
| CGCCANOPY GROWTH CORPORATION Stock | call | 1,600 | $2.34K | 0 |
| CRONCRONOS GROUP INC COM | call | 200 | $556 | 0 |
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 | $44.4M | 0 |
| AXON ENTERPRISE INCAXON ENTERPRISE INC NOTE 0.500%12/1 | principal | 10,000,000 | $31.4M | 0 |
| SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1 | principal | 20,000,000 | $27.3M | 0 |
| AIRBNB INCAIRBNB INC CLASS A | principal | 25,000,000 | $24.4M | 0 |
| CHEFS WHSE INCCHEFS WHSE INC NOTE 2.375%12/1 | principal | 15,939,000 | $23M | new |
| BLACKSTONE MORTGAGE TRUST INBLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 | principal | 20,950,000 | $20.5M | +1,450,000 |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 11,184,000 | $18.4M | new |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertible | principal | 13,615,000 | $16.7M | -5,135,000 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 16,778,000 | $16.7M | +4,778,000 |
| SNOWFLAKE INCSNOWFLAKE INC NOTE 10/0 | principal | 9,000,000 | $14.1M | new |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 8,990,000 | $13.2M | new |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 10,000,000 | $11.4M | 0 |
| SEMTECH CORPSEMTECH CORP NOTE 1.625%11/0 | principal | 5,500,000 | $10.8M | 0 |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 10,000,000 | $10.2M | +8,000,000 |
| AFFIRM HLDGS INCAFFIRM HLDGS INC NOTE 11/1 | principal | 10,500,000 | $9.98M | 0 |
| PEABODY ENGR CORPPEABODY ENGR CORP NOTE 3.250% 3/0 | principal | 6,500,000 | $9.74M | 0 |
| TripAdvisor IncTripAdvisor Inc CONV | principal | 10,000,000 | $9.68M | 0 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1 | principal | 10,000,000 | $9.58M | 0 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 | principal | 5,250,000 | $8.47M | +250,000 |
| SEA LTDSEA LTD NOTE 0.250% 9/1 | principal | 8,000,000 | $7.66M | 0 |
| PINNACLE WEST CAP CORPPINNACLE WEST CAP CORP CNV | principal | 7,000,000 | $7.52M | new |
| PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC NOTE 7.250% 8/1 | principal | 6,000,000 | $7.15M | +3,500,000 |
| RWT HLDGS INCRWT HLDGS INC NOTE 5.750%10/0 | principal | 7,060,000 | $7.04M | 0 |
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 7,420,000 | $6.54M | -4,762,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 5,000,000 | $6.28M | new |
| PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP NOTE 1.500%10/1 | principal | 6,250,000 | $6.01M | +750,000 |
| CRACKER BARREL OLD CTRY STORCRACKER BARREL OLD CTRY STOR cv | principal | 6,000,000 | $5.74M | 0 |
| DROPBOX INCDROPBOX INC NOTE 3/0 | principal | 5,000,000 | $5.16M | +500,000 |
| REDFIN CORPREDFIN CORP NOTE 0.500% 4/0 | principal | 5,000,000 | $4.62M | -5,000,000 |
| WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1 | principal | 5,000,000 | $4.46M | 0 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 4,125,000 | $4.18M | -2,000,000 |
| VAIL RESORTS INCVAIL RESORTS INC NOTE 1/0 | principal | 3,000,000 | $2.96M | 0 |
| GREEN PLAINS INCGREEN PLAINS INC NOTE 2.250% 3/1 | principal | 3,000,000 | $2.87M | 0 |
| MARA HOLDINGS INCMARA HOLDINGS INC NOTE 1.000%12/0 | principal | 2,500,000 | $2.33M | 0 |
| UPWORK INCUPWORK INC NOTE 0.250% 8/1 | principal | 2,000,000 | $1.93M | 0 |
| BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1 | principal | 5,000,000 | $988K | -5,400,000 |
| FIVE9 INCFIVE9 INC CNV | principal | 1,000,000 | $884K | -4,000,000 |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 319. All 319
| Security | Shares before | Value before | Type |
|---|---|---|---|
| NTRSNORTHERN TR CORP | 455,900 | $57.8M | put |
| NEENEXTERA ENERGY INC | 787,858 | $54.7M | shares |
| MSFTMICROSOFT CORP | 88,854 | $44.2M | shares |
| CRDOCREDO TECHNOLOGY GROUP HOLDI | 361,800 | $33.5M | put |
| FISFIDELITY NATL INFORMATION SV | 400,000 | $32.6M | call |
| ISRGINTUITIVE SURGICAL INC | 56,100 | $30.5M | call |
| FOOT LOCKER INCFOOT LOCKER INC | 1,210,000 | $29.6M | put |
| EGEVEREST GROUP LTD | 71,200 | $24.2M | call |
| REDFIN CORPREDFIN CORP | 2,125,000 | $23.8M | put |
| AXPAMERICAN EXPRESS CO | 73,110 | $23.3M | shares |
| LNGCHENIERE ENERGY INC | 94,900 | $23.1M | call |
| PWRQUANTA SVCS INC | 55,000 | $20.8M | call |
| FLUTFLUTTER ENTMT PLC | 70,000 | $20M | call |
| CEFSPROTT ASSET MANAGEMENT LP | 641,772 | $19.3M | shares |
| ARBOR REALTY TRUST INCARBOR REALTY TRUST INC | 16,000,000 | $15.8M | principal |
| IBNICICI BK LTD | 450,000 | $15.1M | call |
| GWWWW GRAINGER INC | 13,400 | $13.9M | put |
| GWWWW GRAINGER INC | 13,200 | $13.7M | call |
| CBOECBOE GLOBAL MKTS INC | 52,900 | $12.3M | call |
| MGNIMAGNITE INC | 500,000 | $12.1M | put |
| CTSHCOGNIZANT TECHNOLOGY SOLUTIO | 151,600 | $11.8M | call |
| DXCDXC TECHNOLOGY CO | 751,000 | $11.5M | put |
| DXCDXC TECHNOLOGY CO | 750,000 | $11.5M | call |
| FNDFLOOR & DECOR HLDGS INC | 150,000 | $11.4M | put |
| LUVSOUTHWEST AIRLS CO | 327,300 | $10.6M | call |
| MDLZMONDELEZ INTL INC | 156,000 | $10.5M | put |
| BIRKBIRKENSTOCK HOLDING PLC | 200,000 | $9.84M | put |
| LLYELI LILLY & CO | 12,495 | $9.74M | shares |
| SOFISOFI TECHNOLOGIES INC | 488,133 | $8.89M | shares |
| ADIANALOG DEVICES INC | 36,692 | $8.73M | shares |
| CSCOCISCO SYS INC | 117,171 | $8.13M | shares |
| NCLHNORWEGIAN CRUISE LINE HLDGS | 388,500 | $7.88M | call |
| TALTAL ED GROUP | 760,400 | $7.77M | call |
| ADBEADOBE INC | 19,300 | $7.47M | call |
| IBBISHARES TR | 58,500 | $7.4M | put |
| NOWSERVICENOW INC | 7,000 | $7.2M | call |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN | 4,000,000 | $7.19M | principal |
| HYGISHARES TR | 88,401 | $7.13M | shares |
| AMATAPPLIED MATLS INC | 37,567 | $6.88M | shares |
| IVVISHARES TR | 10,900 | $6.77M | put |
| ARKFARK ETF TR | 130,699 | $6.57M | shares |
| PAYXPAYCHEX INC | 44,500 | $6.47M | call |
| IVVISHARES TR | 10,000 | $6.21M | call |
| WIX COM LTDWIX COM LTD | 6,000,000 | $5.96M | principal |
| VZVERIZON COMMUNICATIONS INC | 133,955 | $5.8M | shares |
| KCHVUKOCHAV DEFENSE ACQUI CO | 542,562 | $5.52M | shares |
| PGRPROGRESSIVE CORP | 20,300 | $5.42M | put |
| AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC | 5,000,000 | $4.99M | principal |
| GOOGALPHABET INC | 27,910 | $4.95M | shares |
| XOMEXXON MOBIL CORP | 45,069 | $4.86M | shares |
| AJGGALLAGHER ARTHUR J & CO | 14,700 | $4.71M | put |
| TCOMTRIP COM GROUP LTD | 80,000 | $4.69M | put |
| AJGGALLAGHER ARTHUR J & CO | 14,500 | $4.64M | call |
| TMETENCENT MUSIC ENTMT GROUP | 213,700 | $4.17M | call |
| EGHAUEGH ACQUISITION CORP. | 400,550 | $4.08M | shares |
| ELVELEVANCE HEALTH INC FORMERLY | 10,100 | $3.93M | call |
| NOWSERVICENOW INC | 3,800 | $3.91M | put |
| AJGGALLAGHER ARTHUR J & CO | 11,962 | $3.83M | shares |
| FROGJFROG LTD | 85,000 | $3.73M | call |
| CHTRCHARTER COMMUNICATIONS INC | 9,063 | $3.71M | shares |
| CARRCARRIER GLOBAL CORPORATION | 50,000 | $3.66M | call |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP | 3,521,000 | $3.62M | principal |
| PFEPFIZER INC | 148,435 | $3.6M | shares |
| RMDRESMED INC | 12,900 | $3.33M | put |
| BENTLEY SYS INCBENTLEY SYS INC | 3,500,000 | $3.3M | principal |
| GWWWW GRAINGER INC | 3,156 | $3.28M | shares |
| JCIJOHNSON CONTROLS INTERNATION | 30,568 | $3.23M | shares |
| WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC | 278,100 | $3.19M | call |
| CRANE HBR ACQUISITION CORPCRANE HBR ACQUISITION CORP | 300,335 | $3.15M | shares |
| VKTXVIKING THERAPEUTICS INC | 116,800 | $3.1M | put |
| XHBSPDR SERIES TRUST | 30,600 | $3.02M | put |
| COLDAMERICOLD REALTY TRUST INC | 180,800 | $3.01M | put |
| CORCENCORA INC | 10,000 | $3M | call |
| BBWIBATH & BODY WORKS INC | 100,000 | $3M | put |
| NUENUCOR CORP | 23,000 | $2.98M | put |
| BALLBALL CORP | 52,800 | $2.96M | call |
| SNAP INCSNAP INC | 3,400,000 | $2.95M | principal |
| IBKRINTERACTIVE BROKERS GROUP IN | 52,000 | $2.88M | put |
| COLDAMERICOLD REALTY TRUST INC | 172,507 | $2.87M | shares |
| INDAISHARES TR | 50,000 | $2.78M | put |
| INDAISHARES TR | 50,000 | $2.78M | call |
| DKNGDRAFTKINGS INC NEW | 63,696 | $2.73M | shares |
| EOGEOG RES INC | 22,700 | $2.72M | call |
| PGRPROGRESSIVE CORP | 10,100 | $2.7M | call |
| WDAYWORKDAY INC | 11,200 | $2.69M | shares |
| IBBISHARES TR | 19,416 | $2.46M | shares |
| XRPNUARMADA ACQUISITION CORP II | 239,448 | $2.44M | shares |
| CVECENOVUS ENERGY INC | 177,766 | $2.42M | shares |
| CARTESIAN GROWTH CORP IIICARTESIAN GROWTH CORP III | 237,500 | $2.41M | shares |
| TVACUTEXAS VENTURES ACQUISITION I | 227,271 | $2.33M | shares |
| AZNASTRAZENECA PLC-SPONS ADR | 33,300 | $2.33M | call |
| COPCONOCOPHILLIPS | 25,900 | $2.32M | put |
| OBAWUOXLEY BRIDGE ACQ LTD | 227,102 | $2.27M | shares |
| IBBISHARES TR | 17,800 | $2.25M | call |
| FERAFIFTH ERA ACQUISITION CORP I | 218,128 | $2.21M | shares |
| BMYBRISTOL-MYERS SQUIBB CO | 47,237 | $2.19M | shares |
| MTDRMATADOR RES CO | 45,000 | $2.15M | call |
| SEDGSOLAREDGE TECHNOLOGIES INC | 105,000 | $2.14M | call |
| CHWYCHEWY INC | 50,000 | $2.13M | put |
| CHWYCHEWY INC | 50,000 | $2.13M | call |
How Q3 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 0001172661-25-005017 | base | 2025-11-14 | acceptance time not in the bulk data set |