Parallax Volatility Advisers, L.P.
Follow13F filer, CIK 1521001, San Francisco, CA
Parallax Volatility Advisers, L.P. reported $38,559,408,297 across 1,428 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 28.05% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-002271
- Period
- 2026-03-31
- Reported value
- $38.6B
- Holdings
- 1,428
- Top 10 weight
- 28.05%
- New
- 359
- Sold out
- 536
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| NEEnew | +2,010,521 | $182M |
| XLFadded | +2,082,578 | $104M |
| AAPLnew | +309,616 | $78.6M |
| ORACLE CORPnew | +1,042,038 | $46.9M |
| GOOGLnew | +114,602 | $33M |
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 |
|---|---|---|
| AXPreduced | -733,881 | -$222M |
| IWMexited | -625,766 | -$154M |
| GLDreduced | -326,004 | -$140M |
| TSLAreduced | -310,479 | -$120M |
| SPYexited | -134,473 | -$91.7M |
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 589 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).
The largest 100 of 816. All 816
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 9,696,400 | $6.31B | -3,319,200 |
| QQQINVESCO QQQ TR COM | put | 4,205,300 | $2.43B | +436,700 |
| QQQINVESCO QQQ TR COM | call | 3,233,200 | $1.87B | +116,900 |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | call | 2,570,400 | $1.67B | -162,400 |
| IWMISHARES TR SHS | put | 4,259,300 | $1.06B | -604,800 |
| XLFSELECT SECTOR SPDR TR SHS | call | 16,036,900 | $839M | -1,564,300 |
| XLFSELECT SECTOR SPDR TR SHS | put | 14,158,500 | $740M | +2,808,100 |
| IWMISHARES TR SHS | call | 2,936,700 | $728M | +1,765,700 |
| NVDANVIDIA CORPORATION COM | put | 2,566,900 | $448M | -1,615,000 |
| SMHVANECK ETF TRUST COM | call | 1,088,500 | $417M | +369,800 |
| HYGISHARES TR IBOXX HI YD ETF | put | 5,162,300 | $411M | +2,777,500 |
| METAMETA PLATFORMS INC COM | put | 637,700 | $365M | -233,400 |
| NVDANVIDIA CORPORATION COM | call | 2,060,400 | $359M | -623,400 |
| GLDSPDR GOLD TR GOLD SHS | call | 815,700 | $351M | -359,600 |
| XLESELECT SECTOR SPDR TR SHS | put | 6,099,600 | $341M | +2,323,500 |
| TSLATESLA INC COM | put | 833,000 | $322M | -1,672,900 |
| AAPLAPPLE INC COM | put | 1,267,800 | $322M | -895,200 |
| GLDSPDR GOLD TR GOLD SHS | put | 728,700 | $314M | -576,300 |
| AMZNAMAZON COM INC COM | call | 1,113,000 | $278M | -36,800 |
| SMHVANECK ETF TRUST COM | put | 671,600 | $257M | -188,800 |
| IBITISHARES BITCOIN TRUST ETF SHS | call | 6,040,600 | $257M | +3,443,000 |
| METAMETA PLATFORMS INC COM | call | 383,900 | $220M | -545,500 |
| AMZNAMAZON COM INC COM | put | 863,500 | $216M | -159,700 |
| EFAISHARES TR MSCI EAFE ETF | put | 2,219,800 | $216M | -107,800 |
| GOOGLALPHABET INC COM | put | 677,400 | $195M | -872,700 |
| MSTRSTRATEGY INC Stock | put | 1,122,800 | $184M | -264,100 |
| AMDADVANCED MICRO DEVICES INC COM | put | 886,200 | $180M | +134,400 |
| CCITIGROUP INC COM | put | 1,366,700 | $180M | +353,800 |
| CRWVCOREWEAVE INC COM | put | 1,556,600 | $179M | -72,000 |
| SLVISHARES SILVER TR COM | call | 2,581,200 | $176M | -1,429,700 |
| XLISELECT SECTOR SPDR TR INDL | put | 951,800 | $163M | +90,100 |
| BABOEING CO COM | put | 740,700 | $162M | -633,900 |
| EEMISHARES TR MSCI EMG MKT ETF | put | 2,815,500 | $160M | -154,500 |
| GDXVANECK ETF TRUST GOLD MINERS ETF | put | 1,689,000 | $157M | +764,200 |
| BACBANK OF AMER CORP COM | put | 2,905,000 | $155M | +87,500 |
| CVXCHEVRON CORPORATION COM | put | 793,500 | $148M | +406,800 |
| TSLATESLA INC COM | call | 381,400 | $147M | -397,900 |
| VVISA INC COM | call | 458,700 | $142M | -338,100 |
| MUMICRON TECHNOLOGY INC COM | put | 420,600 | $142M | -182,600 |
| IBITISHARES BITCOIN TRUST ETF SHS | put | 3,297,600 | $140M | +1,067,500 |
| JPMJPMORGAN CHASE & CO COM | put | 434,900 | $136M | -75,100 |
| NFLXNETFLIX INC. COM | call | 1,470,000 | $136M | +655,200 |
| ORCLORACLE CORP COM | put | 882,100 | $130M | -667,400 |
| ORCLORACLE CORP COM | call | 873,600 | $129M | +235,500 |
| SLVISHARES SILVER TR COM | put | 1,872,700 | $128M | -1,162,900 |
| MSFTMICROSOFT CORP COM | call | 336,400 | $125M | -122,300 |
| AALAMERICAN AIRLINES GROUP INC Stock | put | 10,531,800 | $124M | -1,934,400 |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | put | 972,700 | $122M | -368,300 |
| AVGOBROADCOM INC COM | put | 393,800 | $122M | -1,021,400 |
| IBMINTERNATIONAL BUSINESS MACHS COM | put | 500,500 | $121M | +164,400 |
| XOPSPDR SERIES TRUST S&P OILGAS EXP | put | 726,300 | $120M | +649,700 |
| TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS | put | 346,200 | $117M | -651,800 |
| KRESPDR SERIES TRUST ST STR SP REGBNK | put | 1,673,200 | $117M | -251,700 |
| COINCOINBASE GLOBAL INC Stock | put | 573,200 | $112M | -440,900 |
| CRWVCOREWEAVE INC COM | call | 960,200 | $111M | -580,500 |
| MSTRSTRATEGY INC Stock | call | 670,900 | $110M | +127,600 |
| XOMEXXON MOBIL CORP COM | call | 732,100 | $109M | -161,800 |
| EFAISHARES TR MSCI EAFE ETF | call | 1,103,500 | $107M | +15,600 |
| CVXCHEVRON CORPORATION COM | call | 575,100 | $107M | +436,000 |
| BRK-BBERKSHIRE HATHAWAY INC DEL COM | put | 222,200 | $106M | -51,900 |
| BRK-BBERKSHIRE HATHAWAY INC DEL COM | call | 222,200 | $106M | -103,000 |
| SPOTSPOTIFY TECHNOLOGY S A STOK | put | 199,400 | $104M | 0 |
| AMDADVANCED MICRO DEVICES INC COM | call | 494,600 | $101M | +232,100 |
| MSFTMICROSOFT CORP COM | put | 269,100 | $99.6M | -274,600 |
| EEMISHARES TR MSCI EMG MKT ETF | call | 1,741,500 | $98.9M | -1,447,300 |
| EATBRINKER INTL INC Stock | put | 686,400 | $98M | +52,600 |
| COSTCOSTCO WHOLESALE CORPORATION COM | put | 96,600 | $97.2M | +57,300 |
| NFLXNETFLIX INC. COM | put | 1,035,700 | $95.9M | -903,500 |
| CCITIGROUP INC COM | call | 725,600 | $95.5M | -511,700 |
| TPRTAPESTRY INC Stock | put | 631,900 | $95.1M | +14,300 |
| XLESELECT SECTOR SPDR TR SHS | call | 1,605,500 | $89.7M | -538,500 |
| GDXVANECK ETF TRUST GOLD MINERS ETF | call | 951,900 | $88.5M | +524,100 |
| TTWOTAKE-TWO INTERACTIVE SOFTWAR Stock | put | 437,300 | $86.4M | -193,800 |
| UBERUBER TECHNOLOGIES INC COM | put | 1,117,100 | $86.3M | -1,084,300 |
| AXPAMERICAN EXPRESS CO COM | call | 260,200 | $85.8M | -100,700 |
| GOOGLALPHABET INC COM | call | 283,500 | $81.5M | -642,400 |
| APOAPOLLO GLOBAL MGMT INC Stock | call | 629,900 | $80.2M | -833,600 |
| LYVLIVE NATION ENTERTAINMENT IN Stock | put | 488,700 | $75M | +125,000 |
| DDOGDATADOG INC STOK | put | 619,000 | $73.1M | +181,600 |
| GSGOLDMAN SACHS GROUP INC COM | call | 77,300 | $71.6M | -9,900 |
| WMTWALMART INC COM | put | 536,700 | $69.6M | -71,600 |
| INTCINTEL CORP COM | put | 1,575,400 | $69.5M | +128,000 |
| FCXFREEPORT MCMORAN INC Stock | call | 1,026,500 | $69.4M | -79,200 |
| EQTEQT CORP Stock | put | 1,189,900 | $67.8M | +932,200 |
| WULFTERAWULF INC COM | call | 3,421,900 | $67.7M | -1,699,100 |
| EXEEXPAND ENERGY CORPORATION Stock | put | 715,000 | $67.4M | +687,600 |
| DALDELTA AIR LINES INC Stock | call | 959,500 | $67.4M | +179,000 |
| AAPLAPPLE INC COM | call | 258,600 | $65.6M | -421,700 |
| GSGOLDMAN SACHS GROUP INC COM | put | 70,500 | $65.3M | -25,500 |
| RCLROYAL CARIBBEAN GROUP Stock | call | 237,700 | $64.5M | -104,300 |
| DALDELTA AIR LINES INC Stock | put | 916,200 | $64.3M | -280,800 |
| COPCONOCOPHILLIPS COM | put | 533,200 | $64.1M | +363,400 |
| WMTWALMART INC COM | call | 493,800 | $64M | -113,000 |
| FCXFREEPORT MCMORAN INC Stock | put | 918,500 | $62.1M | +34,600 |
| PLTRPALANTIR TECHNOLOGIES INC COM | put | 414,700 | $60.7M | -76,600 |
| BACBANK OF AMER CORP COM | call | 1,128,900 | $60.4M | -994,500 |
| UALUNITED AIRLS HLDGS INC Stock | put | 613,300 | $59.6M | -463,500 |
| MSMORGAN STANLEY COM | call | 314,000 | $59.4M | +146,200 |
| RCLROYAL CARIBBEAN GROUP Stock | put | 215,900 | $58.6M | +14,100 |
| TMUST-MOBILE US INC COM | put | 277,800 | $58.3M | -3,200 |
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 | 35,000,000 | $34.8M | -5,000,000 |
| CHEFS WHSE INCCHEFS WHSE INC NOTE 2.375%12/1 | principal | 15,483,000 | $24.6M | -1,425,000 |
| BLACKSTONE MORTGAGE TRUST INBLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 | principal | 20,950,000 | $20.8M | 0 |
| SILVERCORP METALS INCSILVERCORP METALS INC NOTE 4.750%12/1 | principal | 5,000,000 | $14M | new |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 10,000,000 | $12.9M | 0 |
| EQUINOX GOLD CORPEQUINOX GOLD CORP NOTE 4.750%10/1 | principal | 5,000,000 | $11.8M | new |
| SEMTECH CORPSEMTECH CORP NOTE 1.625%11/0 | principal | 5,500,000 | $11.6M | 0 |
| SEA LTDSEA LTD NOTE 0.250% 9/1 | principal | 11,000,000 | $10.8M | +1,000,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1 | principal | 10,000,000 | $10.3M | 0 |
| PEABODY ENGR CORPPEABODY ENGR CORP NOTE 3.250% 3/0 | principal | 6,500,000 | $10.1M | 0 |
| STRATEGY INCSTRATEGY INC NOTE12/0 | principal | 11,500,000 | $9.94M | -1,500,000 |
| FORTUNA MNG CORPFORTUNA MNG CORP NOTE 3.750% 6/3 | principal | 5,000,000 | $8.72M | new |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 10,000,000 | $7.97M | 0 |
| AFFIRM HLDGS INCAFFIRM HLDGS INC NOTE 11/1 | principal | 8,000,000 | $7.78M | -2,500,000 |
| CRACKER BARREL OLD CTRY STORCRACKER BARREL OLD CTRY STOR cv | principal | 7,000,000 | $6.91M | +3,000,000 |
| PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC NOTE 7.250% 8/1 | principal | 7,000,000 | $6.49M | +1,000,000 |
| MARA HOLDINGS INCMARA HOLDINGS INC NOTE 6/0 | principal | 5,000,000 | $4.77M | 0 |
| WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1 | principal | 5,000,000 | $4.6M | 0 |
| UNITI GROUP LLCUNITI GROUP LLC COM | principal | 3,000,000 | $3.64M | 0 |
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 4,000,000 | $3.61M | 0 |
| GREEN PLAINS INCGREEN PLAINS INC NOTE 2.250% 3/1 | principal | 3,500,000 | $3.46M | +500,000 |
| PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP NOTE 1.500%10/1 | principal | 3,000,000 | $2.77M | -3,250,000 |
| UPWORK INCUPWORK INC NOTE 0.250% 8/1 | principal | 2,000,000 | $1.96M | 0 |
Sold out in Q1 2026
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| PELIRPELICAN ACQUISITION CORP RT | 100,000 | $23K | shares |
| APADRA PARADISE ACQUISITION CORP | 91,196 | $22.8K | shares |
| TMETENCENT MUSIC ENTMT GROUP | 1,300 | $22.8K | put |
| MKCMCCORMICK & CO INC | 300 | $20.4K | put |
| UMCUNITED MICROELECTRONICS CORP | 2,550 | $20K | shares |
| AIC3 AI INC | 1,200 | $16.2K | call |
| NRGNRG ENERGY INC | 100 | $15.9K | call |
| NFENEW FORTRESS ENERGY INC | 13,947 | $15.9K | shares |
| SABRSABRE CORP | 10,084 | $13.7K | shares |
| SESEA LTD | 100 | $12.8K | call |
| ANFABERCROMBIE & FITCH CO | 100 | $12.6K | call |
| AEPAMERICAN ELEC PWR CO INC | 100 | $11.5K | put |
| NPACWNEW PROVIDENCE ACQUISITION C | 21,950 | $11.1K | shares |
| ECLECOLAB INC | 40 | $10.5K | shares |
| GIWWRGIGCAPITAL8 CORP | 31,697 | $9.83K | shares |
| NCLHNORWEGIAN CRUISE LINE HLDGS | 400 | $8.93K | call |
| CTSHCOGNIZANT TECHNOLOGY SOLUTIO | 100 | $8.3K | call |
| BDCIWBTC DEV CORP | 13,394 | $7.7K | shares |
| CTVACORTEVA INC | 107 | $7.17K | shares |
| GPATWGP-ACT III ACQUISITION CORP | 25,159 | $6.78K | shares |
| FIVNFIVE9 INC | 300 | $6.01K | call |
| BLUWWBLUE WTR ACQUISITION CORP. I | 10,000 | $5.3K | shares |
| AMZNAMAZON COM INC | 16 | $3.69K | shares |
| TOSTTOAST INC | 100 | $3.55K | put |
| HBANHUNTINGTON BANCSHARES INC | 200 | $3.47K | call |
| HLFHERBALIFE LTD | 200 | $2.58K | call |
| SRPTSAREPTA THERAPEUTICS INC | 85 | $1.83K | shares |
| APPAPPLOVIN CORP | 2 | $1.35K | shares |
| CRONCRONOS GROUP INC | 200 | $526 | call |
| WBDWARNER BROS DISCOVERY INC | 10 | $288 | shares |
| DNNDENISON MINES CORP | 100 | $266 | put |
| CSGPCOSTAR GROUP INC | 2 | $134 | shares |
| EMREMERSON ELEC CO | 1 | $133 | shares |
| NFENEW FORTRESS ENERGY INC | 100 | $114 | put |
| URNMSPROTT FDS TR | 1 | $55 | shares |
| BKLNINVESCO EXCH TRADED FD TR II | 1 | $21 | shares |
How Q1 2026 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 0001172661-26-002271 | base | 2026-05-15 | acceptance time not in the bulk data set |