Parallax Volatility Advisers, L.P.

Q1 2025 Holdings

Filed 2025-05-15 | 1518 holdings | $36.9B | 13F-HR | View on SEC ↗ · Holdings Table ↗

Issuer	Class	CUSIP	Value ↓	Shares	% Portfolio
Spdr S&P 500 ETF TR(SPY)Put	TR UNIT	78462F103	$3.8B	6,800,400	10.3%
Invesco QQQ TR(QQQ)Put	UNIT SER 1	46090E103	$2.7B	5,862,400	7.4%
Invesco QQQ TR(QQQ)Call	UNIT SER 1	46090E103	$1.2B	2,539,000	3.2%
Ishares TR(IWM)Put	RUSSELL 2000 ETF	464287655	$1.1B	5,344,300	2.9%
Nvidia Corporation(NVDA)Put	COM	67066G104	$896.4M	8,271,100	2.4%
Meta Platforms Inc(META)Call	CL A	30303M102	$725.6M	1,259,000	2.0%
Spdr S&P 500 ETF TR(SPY)Call	TR UNIT	78462F103	$708.7M	1,266,900	1.9%
Tesla Inc(TSLA)Put	COM	88160R101	$649.6M	2,506,400	1.8%
Meta Platforms Inc(META)Put	CL A	30303M102	$556.6M	965,700	1.5%
Ishares TR(IWM)Call	RUSSELL 2000 ETF	464287655	$503.6M	2,524,400	1.4%
Taiwan Semiconductor MFG LTD(TSM)Put	SPONSORED ADS	874039100	$476.4M	2,869,700	1.3%
Apple Inc(AAPL)Put	COM	037833100	$400.6M	1,803,500	1.1%
Nvidia Corporation(NVDA)Call	COM	67066G104	$374.7M	3,457,600	1.0%
Berkshire Hathaway Inc del(BRK/B)Call	CL B NEW	084670702	$315.6M	592,500	0.9%
Netflix Inc(NFLX)Put	COM	64110L106	$306.0M	328,100	0.8%
Vaneck ETF Trust(SMH)Put	SEMICONDUCTR ETF	92189F676	$299.0M	1,414,000	0.8%
Ishares TR(TLT)Call	20 YR TR BD ETF	464287432	$284.5M	3,125,100	0.8%
Spdr Gold TR(GLD)Call	GOLD SHS	78463V107	$283.5M	983,900	0.8%
Broadcom Inc(AVGO)Put	COM	11135F101	$271.9M	1,623,800	0.7%
Microstrategy Inc(MSTR)Put	CL A NEW	594972408	$269.8M	936,100	0.7%
JPMorgan Chase & Co.(JPM)Put	COM	46625H100	$222.3M	906,300	0.6%
Bank America Corp(BAC)Put	COM	060505104	$210.0M	5,032,900	0.6%
Select Sector Spdr TR(XLF)Put	FINANCIAL	81369Y605	$207.3M	4,160,900	0.6%
Uber Technologies Inc(UBER)Put	COM	90353T100	$204.8M	2,810,500	0.6%
American Express Co(AXP)Call	COM	025816109	$202.6M	753,000	0.5%
Select Sector Spdr TR(XLF)Call	FINANCIAL	81369Y605	$201.9M	4,053,800	0.5%
Ishares TR(EFA)Put	MSCI EAFE ETF	464287465	$197.3M	2,414,200	0.5%
Spdr SER TR(KRE)Put	S&P REGL BKG	78464A698	$191.3M	3,364,300	0.5%
Boeing Co(BA)Put	COM	097023105	$186.2M	1,091,600	0.5%
United Airls Hldgs Inc(UAL)Put	COM	910047109	$180.7M	2,617,200	0.5%
Citigroup Inc(C)Put	COM NEW	172967424	$177.7M	2,503,500	0.5%
Apple Inc(AAPL)Call	COM	037833100	$176.4M	794,100	0.5%
Broadcom Inc(AVGO)Call	COM	11135F101	$175.3M	1,046,800	0.5%
Morgan Stanley(MS)Put	COM NEW	617446448	$175.1M	1,500,600	0.5%
Nvidia Corporation(NVDA)	COM	67066G104	$172.0M	1,586,985	0.5%
Coinbase Global Inc(COIN)Put	COM CL A	19260Q107	$167.1M	970,500	0.5%
Palo Alto Networks Inc(PANW)Put	COM	697435105	$160.8M	942,500	0.4%
JPMorgan Chase & Co.(JPM)Call	COM	46625H100	$160.2M	653,200	0.4%
Ishares TR(EEM)Put	MSCI EMG MKT ETF	464287234	$160.2M	3,666,200	0.4%
Microsoft Corp(MSFT)Put	COM	594918104	$154.5M	411,600	0.4%
Costco Whsl Corp New(COST)Call	COM	22160K105	$154.1M	162,900	0.4%
Apollo Global Mgmt Inc(APO)Call	COM	03769M106	$153.9M	1,124,200	0.4%
Taiwan Semiconductor MFG LTD(TSM)Call	SPONSORED ADS	874039100	$147.6M	889,200	0.4%
Alphabet Inc(GOOGL)Call	CAP STK CL A	02079K305	$144.4M	934,000	0.4%
Wells Fargo Co New(WFC)Put	COM	949746101	$142.1M	1,979,300	0.4%
Micron Technology Inc(MU)Call	COM	595112103	$140.0M	1,611,100	0.4%
Spdr Gold TR(GLD)Put	GOLD SHS	78463V107	$136.1M	472,500	0.4%
Taiwan Semiconductor MFG LTD(TSM)	SPONSORED ADS	874039100	$135.2M	814,495	0.4%
Vaneck ETF Trust(SMH)Call	SEMICONDUCTR ETF	92189F676	$135.2M	639,100	0.4%
Oracle Corp(ORCL)Put	COM	68389X105	$134.9M	964,600	0.4%

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