Parallax Volatility Advisers, L.P.

Q1 2026 Holdings

Filed 2026-05-15 | 1428 holdings | $38.6B | 13F-HR | View on SEC ↗ · Holdings Table ↗

Issuer	Class	CUSIP	Value ↓	Shares	% Portfolio
State STR Spdr S&P 500 ETF T(SPY)Put	TR UNIT	78462F103	$6.3B	9,696,400	16.4%
Invesco QQQ TR(QQQ)Put	UNIT SER 1	46090E103	$2.4B	4,205,300	6.3%
Invesco QQQ TR(QQQ)Call	UNIT SER 1	46090E103	$1.9B	3,233,200	4.8%
State STR Spdr S&P 500 ETF T(SPY)Call	TR UNIT	78462F103	$1.7B	2,570,400	4.3%
Ishares TR(IWM)Put	RUSSELL 2000 ETF	464287655	$1.1B	4,259,300	2.7%
Select Sector Spdr TR(XLF)Call	STATE STREET FIN	81369Y605	$838.7M	16,036,900	2.2%
Select Sector Spdr TR(XLF)Put	STATE STREET FIN	81369Y605	$740.5M	14,158,500	1.9%
Ishares TR(IWM)Call	RUSSELL 2000 ETF	464287655	$728.3M	2,936,700	1.9%
Nvidia Corporation(NVDA)Put	COM	67066G104	$447.7M	2,566,900	1.2%
Vaneck ETF Trust(SMH)Call	SEMICONDUCTR ETF	92189F676	$417.3M	1,088,500	1.1%
Ishares TR(HYG)Put	IBOXX HI YD ETF	464288513	$410.7M	5,162,300	1.1%
Meta Platforms Inc(META)Put	CL A	30303M102	$364.8M	637,700	0.9%
Nvidia Corporation(NVDA)Call	COM	67066G104	$359.3M	2,060,400	0.9%
Spdr Gold TR(GLD)Call	GOLD SHS	78463V107	$351.0M	815,700	0.9%
Select Sector Spdr TR(XLE)Put	STATE STREET ENE	81369Y506	$340.8M	6,099,600	0.9%
Tesla Inc(TSLA)Put	COM	88160R101	$321.9M	833,000	0.8%
Apple Inc(AAPL)Put	COM	037833100	$321.8M	1,267,800	0.8%
Spdr Gold TR(GLD)Put	GOLD SHS	78463V107	$313.6M	728,700	0.8%
Amazon COM Inc(AMZN)Call	COM	023135106	$278.1M	1,113,000	0.7%
Vaneck ETF Trust(SMH)Put	SEMICONDUCTR ETF	92189F676	$257.5M	671,600	0.7%
Ishares Bitcoin Trust ETF(IBIT)Call	SHS BEN INT	46438F101	$256.8M	6,040,600	0.7%
Meta Platforms Inc(META)Call	CL A	30303M102	$219.6M	383,900	0.6%
Amazon COM Inc(AMZN)Put	COM	023135106	$215.8M	863,500	0.6%
Ishares TR(EFA)Put	MSCI EAFE ETF	464287465	$215.6M	2,219,800	0.6%
Alphabet Inc(GOOGL)Put	CAP STK CL A	02079K305	$194.8M	677,400	0.5%
Strategy Inc(MSTR)Put	CL A NEW	594972408	$184.1M	1,122,800	0.5%
Nextera Energy Inc	UNIT 02/15/2029	65339F655	$182.2M	2,010,521	0.5%
Advanced Micro Devices Inc(AMD)Put	COM	007903107	$180.3M	886,200	0.5%
Citigroup Inc(C)Put	COM NEW	172967424	$180.0M	1,366,700	0.5%
Coreweave Inc(CRWV)Put	COM CL A	21873S108	$179.3M	1,556,600	0.5%
Ishares Silver TR(SLV)Call	ISHARES	46428Q109	$175.9M	2,581,200	0.5%
Select Sector Spdr TR(XLI)Put	STATE STREET IND	81369Y704	$163.2M	951,800	0.4%
Boeing Co(BA)Put	COM	097023105	$162.3M	740,700	0.4%
Ishares TR(EEM)Put	MSCI EMG MKT ETF	464287234	$159.9M	2,815,500	0.4%
Vaneck ETF Trust(GDX)Put	GOLD MINERS ETF	92189F106	$157.1M	1,689,000	0.4%
Bank America Corp(BAC)Put	COM	060505104	$155.4M	2,905,000	0.4%
Chevron Corporation(CVX)Put	COM	166764100	$147.6M	793,500	0.4%
Tesla Inc(TSLA)Call	COM	88160R101	$147.4M	381,400	0.4%
Visa Inc(V)Call	COM CL A	92826C839	$142.2M	458,700	0.4%
Micron Technology Inc(MU)Put	COM	595112103	$142.1M	420,600	0.4%
Ishares Bitcoin Trust ETF(IBIT)Put	SHS BEN INT	46438F101	$140.2M	3,297,600	0.4%
JPMorgan Chase & Co(JPM)Put	COM	46625H100	$136.1M	434,900	0.4%
Netflix Inc.(NFLX)Call	COM	64110L106	$136.1M	1,470,000	0.4%
Oracle Corp(ORCL)Put	COM	68389X105	$129.8M	882,100	0.3%
Oracle Corp(ORCL)Call	COM	68389X105	$128.5M	873,600	0.3%
Ishares Silver TR(SLV)Put	ISHARES	46428Q109	$127.6M	1,872,700	0.3%
Microsoft Corp(MSFT)Call	COM	594918104	$124.5M	336,400	0.3%
American Airlines Group Inc(AAL)Put	COM	02376R102	$124.0M	10,531,800	0.3%
Alibaba Group Hldg LTD(BABA)Put	SPONSORED ADS	01609W102	$122.0M	972,700	0.3%
Broadcom Inc(AVGO)Put	COM	11135F101	$121.9M	393,800	0.3%

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