Latest Parallax Volatility Advisers, L.P. Stock Portfolio

Parallax Volatility Advisers, L.P. Performance:

2025 Q4: 0.97%YTD: 14.04%2024: 23.63%

Performance for 2025 Q4 is 0.97%, and YTD is 14.04%, and 2024 is 23.63%.

About Parallax Volatility Advisers, L.P. and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Parallax Volatility Advisers, L.P. reported an equity portfolio of $50.7 Billions as of 31 Dec, 2025.

The top stock holdings of Parallax Volatility Advisers, L.P. are AXP, IJR, TSLA. The fund has invested 0.5% of it's portfolio in AMERICAN EXPRESS CO and 0.3% of portfolio in ISHARES TR.

The fund managers got completely rid off ISHARES TR (IJR), ANYWHERE REAL ESTATE INC (HOUS) and OTG ACQUISITION CORP. I stocks. They significantly reduced their stock positions in AIRBNB INC (ABNB), PAYPAL HLDGS INC (PYPL) and SPDR SERIES TRUST (BIL). Parallax Volatility Advisers, L.P. opened new stock positions in AMERICAN EXPRESS CO (AXP), ISHARES TR (IJR) and SPDR S&P 500 ETF TR (SPY). The fund showed a lot of confidence in some stocks as they added substantially to SELECT SECTOR SPDR TR (XLB), ETF SER SOLUTIONS (ACIO) and SPDR SERIES TRUST (BIL).

Parallax Volatility Advisers, L.P. Annual Return Estimates Vs S&P 500

Our best estimate is that Parallax Volatility Advisers, L.P. made a return of 0.97% in the last quarter. In trailing 12 months, it's portfolio return was 14.04%.

Performance
S&P 500

New Buys

Ticker	$ Bought
american express co	271,500,000
ishares tr	154,039,000
spdr s&p 500 etf tr	91,699,800
chipotle mexican grill inc	29,664,300
pdd holdings inc	21,306,400
caterpillar inc	16,714,600
ishares tr	16,480,400
uber technologies inc	13,523,300

New stocks bought by Parallax Volatility Advisers, L.P.

Additions

Ticker	% Inc.
select sector spdr tr	17,124,400
select sector spdr tr	11,184,000
capital one finl corp	3,085
truist finl corp	2,095
international business machs	1,730
palo alto networks inc	1,274
vistra corp	1,099
alibaba group hldg ltd	637

Additions to existing portfolio by Parallax Volatility Advisers, L.P.

Reductions

Ticker	% Reduced
bank america corp	-65.62
netflix inc	-59.5
advanced micro devices inc	-59.33
ishares tr	-57.7
united airls hldgs inc	-51.47
general mtrs co	-49.52
american airls group inc	-46.04
delta air lines inc del	-44.67

Parallax Volatility Advisers, L.P. reduced stake in above stock

Sold off

None of the stocks were completely sold off by Parallax Volatility Advisers, L.P.

Sector Distribution

Parallax Volatility Advisers, L.P. has about 31.6% of it's holdings in Others sector.

Sector	%
Others	31.6
Financial Services	20.1
Technology	18.9
Consumer Cyclical	9.5
Industrials	6.9
Communication Services	3
Utilities	2.4
Energy	2.2
Healthcare	1.9
Consumer Defensive	1.7
Basic Materials	1.1

Market Cap. Distribution

Parallax Volatility Advisers, L.P. has about 63.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	34.9
UNALLOCATED	31.4
LARGE-CAP	28.7
MID-CAP	3.8
SMALL-CAP	1.2

Stocks belong to which Index?

About 52.4% of the stocks held by Parallax Volatility Advisers, L.P. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	49.7
Others	47.6
RUSSELL 2000	2.7

Top 5 Winners (%)		%
XLB	select sector spdr tr	90.1 %
	blue acquisition corp.	89.2 %
XLB	select sector spdr tr	77.8 %
XLB	select sector spdr tr	54.5 %
COHR	coherent corp	53.3 %

Top 5 Winners ($)		$
GLD	spdr gold tr	18.1 M
MU	micron technology inc	6.6 M
TWLO	twilio inc	6.2 M
XLB	select sector spdr tr	5.9 M
C	citigroup inc	5.3 M

Top 5 Losers (%)		%
	murano global invts plc	-71.7 %
EMLD	fold hldgs inc	-50.0 %
	yorkville acquisition corp.	-47.5 %
AMC	amc entmt hldgs inc	-46.2 %
SMR	nuscale pwr corp	-44.1 %

Top 5 Losers ($)		$
ORCL	oracle corp	-9.9 M
NFLX	netflix inc	-8.2 M
BABA	alibaba group hldg ltd	-6.2 M
NET	cloudflare inc	-5.4 M
	arm holdings plc	-5.4 M

Parallax Volatility Advisers, L.P. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Parallax Volatility Advisers, L.P.

Parallax Volatility Advisers, L.P. has 543 stocks in it's portfolio. About 2.2% of the portfolio is in top 10 stocks. ORCL proved to be the most loss making stock for the portfolio. GLD was the most profitable stock for Parallax Volatility Advisers, L.P. last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAL	american airls group inc	0.03	902,114	13,829,400	reduced	-46.04

AAXJ	ishares tr	0.03	204,395	16,480,400	new

ABNB	airbnb inc	0.04	20,000,000	19,790,000	reduced	-20.00

AFRM	affirm hldgs inc	0.02	10,500,000	10,080,000	unchanged	0.00

AMD	advanced micro devices inc	0.02	42,801	9,166,260	reduced	-59.33

AVGO	broadcom inc	0.12	171,818	59,466,200	added	145

AXP	american express co	0.54	733,883	271,500,000	new

AZN	astrazeneca plc	0.02	126,498	11,629,000	added	30.92

BABA	alibaba group hldg ltd	0.10	337,770	49,510,300	added	637

BAC	bank america corp	0.03	232,225	12,772,400	reduced	-65.62

BTU	peabody engr corp	0.02	6,500,000	10,903,800	unchanged	0.00

BXMT	blackstone mortgage trust in	0.04	20,950,000	20,646,200	unchanged	0.00

C	citigroup inc	0.07	315,393	36,803,200	reduced	-18.42

CAT	caterpillar inc	0.03	29,177	16,714,600	new

CEG	constellation energy corp	0.02	32,476	11,472,800	added	26.98

CHEF	chefs whse inc	0.05	16,908,000	25,635,900	added	6.08

CHK	expand energy corporation	0.02	88,095	9,722,160	added	369

CMG	chipotle mexican grill inc	0.06	801,739	29,664,300	new

COF	capital one finl corp	0.03	68,020	16,485,300	added	3,085

COIN	coinbase global inc	0.08	40,000,000	39,900,000	unchanged	0.00