Parallax Volatility Advisers, L.P.
Annual return '25
+17.9%
SPY '25
+17.7%
Alpha
+0.2ptsvs SPY
Invested
$38.4B
Holdings
662
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 83%. 3 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$SPY
STATE STR SPDR S&P 500 ETF T
Q3 2025: Increased +147.1% (27.15M → 67.10M shares)
20.8%
02
$NDQ
INVESCO QQQ TR
Q3 2025: Increased +71.0% (12.38M → 21.17M shares)
11.2%
03
$IWM
ISHARES TR
Q3 2025: Increased +52.4% (10.30M → 15.70M shares)
4.6%
04
$XLF
SELECT SECTOR SPDR TR
Q3 2025: Increased +85.7% (25.39M → 47.14M shares)
4.4%
05
$NVDA
NVIDIA CORPORATION
Q1 2026: New position (130.6k shares)
2.1%
06
$SMH
VANECK ETF TRUST
Q3 2025: Increased +16.2% (2.81M → 3.26M shares)
1.8%
07
$GQ9
SPDR GOLD TR
Q3 2025: Increased +859.0% (1.23M → 11.75M shares)
1.7%
08
$META
META PLATFORMS INC
Q1 2026: New position (36.3k shares)
1.5%
09
$AMZN
AMAZON COM INC
Q1 2026: New position (359.8k shares)
1.3%
10
$TSLA
TESLA INC
Q3 2025: Increased +193.3% (2.47M → 7.26M shares)
1.2%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 06:30 UTC.