Parallax Volatility Advisers, L.P. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Parallax Volatility Advisers, L.P. disclosed 577 US equity positions worth $3.2bn in its Q4 2025 13F filing. The largest position was AXP at 8.5% of the reported book, followed by IWM and TSLA. Against the Q3 2025 filing, it opened 10 new positions, added to 24 and reduced 13 among the top 50 holdings.
What did Parallax Volatility Advisers, L.P. own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | AXP AMERICAN EXPRESS CO | Financial Services | 8.5% | $271.5m | 733,883 | – | new |
| 2 | IWM ISHARES TR | 4.8% | $154.0m | 625,766 | – | new | |
| 3 | TSLA TESLA INC | Consumer Cyclical | 4.5% | $144.6m | 321,611 | 30% | added |
| 4 | GLD SPDR GOLD TR | 4.2% | $133.7m | 337,377 | -38% | reduced | |
| 5 | SPY SPDR S&P 500 ETF TR | 2.9% | $91.7m | 134,473 | – | new | |
| 6 | GE GE AEROSPACE | Industrials | 2.6% | $83.7m | 271,716 | 31% | added |
| 7 | PLTR PALANTIR TECHNOLOGIES INC | Technology | 2.2% | $71.3m | 401,108 | -35% | reduced |
| 8 | MS MORGAN STANLEY | Financial Services | 2.1% | $66.8m | 376,397 | 128% | added |
| 9 | AVGO BROADCOM INC | Technology | 1.9% | $59.5m | 171,818 | 146% | added |
| 10 | WFC WELLS FARGO CO NEW | Financial Services | 1.6% | $51.6m | 553,377 | 43% | added |
| 11 | NET CLOUDFLARE INC | Technology | 1.5% | $49.8m | 252,397 | -31% | reduced |
| 12 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 1.5% | $49.5m | 337,770 | 638% | added |
| 13 | CRWD CROWDSTRIKE HLDGS INC | Technology | 1.4% | $46.1m | 98,359 | 5% | added |
| 14 | GEV GE VERNOVA INC | Industrials | 1.4% | $46.0m | 70,328 | -9% | reduced |
| 15 | COIN COINBASE GLOBAL INC | 1.2% | $39.9m | 40,000,000 | 0% | held | |
| 16 | C CITIGROUP INC | Financial Services | 1.1% | $36.8m | 315,393 | -18% | reduced |
| 17 | CMG CHIPOTLE MEXICAN GRILL INC | Consumer Cyclical | 0.9% | $29.7m | 801,739 | – | new |
| 18 | DDOG DATADOG INC | Technology | 0.9% | $29.3m | 215,814 | 95% | added |
| 19 | CHEFS WHSE INC | 0.8% | $25.6m | 16,908,000 | 6% | added | |
| 20 | ORCL ORACLE CORP | Technology | 0.8% | $24.6m | 125,989 | 23% | added |
| 21 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.7% | $23.4m | 77,052 | -36% | reduced |
| 22 | SNOW SNOWFLAKE INC | Technology | 0.7% | $23.2m | 105,773 | -24% | reduced |
| 23 | ARM ARM HOLDINGS PLC | Technology | 0.7% | $23.0m | 210,570 | 73% | added |
| 24 | SPOTIFY USA INC | 0.7% | $22.7m | 20,000,000 | 0% | held | |
| 25 | PDD PDD HOLDINGS INC | Consumer Cyclical | 0.7% | $21.3m | 187,904 | – | new |
| 26 | BLACKSTONE MORTGAGE TRUST IN | 0.6% | $20.6m | 20,950,000 | 0% | held | |
| 27 | TWLO TWILIO INC | Technology | 0.6% | $20.0m | 140,919 | -9% | reduced |
| 28 | AIRBNB INC | 0.6% | $19.8m | 20,000,000 | -20% | reduced | |
| 29 | SHOP SHOPIFY INC | Technology | 0.6% | $19.4m | 120,421 | 2% | added |
| 30 | VST VISTRA CORP | Utilities | 0.6% | $19.4m | 120,021 | 1099% | added |
| 31 | WEC ENERGY GROUP INC | 0.6% | $19.2m | 16,457,000 | 21% | added | |
| 32 | IBM INTERNATIONAL BUSINESS MACHS | Technology | 0.6% | $18.7m | 63,088 | 1731% | added |
| 33 | PENNYMAC CORP | 0.6% | $17.9m | 18,000,000 | 7% | added | |
| 34 | NFLX NETFLIX INC | Communication Services | 0.5% | $16.9m | 180,574 | 305% | added |
| 35 | WDC WESTERN DIGITAL CORP | Technology | 0.5% | $16.7m | 97,217 | 163% | added |
| 36 | CAT CATERPILLAR INC | Industrials | 0.5% | $16.7m | 29,177 | – | new |
| 37 | JPM JPMORGAN CHASE & CO. | Financial Services | 0.5% | $16.7m | 51,775 | -23% | reduced |
| 38 | COF CAPITAL ONE FINL CORP | Financial Services | 0.5% | $16.5m | 68,020 | 3086% | added |
| 39 | HYG ISHARES TR | 0.5% | $16.5m | 204,395 | – | new | |
| 40 | DAL DELTA AIR LINES INC DEL | Industrials | 0.5% | $16.1m | 231,783 | -45% | reduced |
| 41 | SCHW SCHWAB CHARLES CORP | Financial Services | 0.5% | $16.1m | 160,692 | 8% | added |
| 42 | XLE SELECT SECTOR SPDR TR | 0.5% | $15.3m | 342,489 | 34248800% | added | |
| 43 | NEE NEXTERA ENERGY INC | Utilities | 0.4% | $14.3m | 177,663 | 404% | added |
| 44 | GM GENERAL MTRS CO | Consumer Cyclical | 0.4% | $14.2m | 174,557 | -50% | reduced |
| 45 | FXI ISHARES TR | 0.4% | $14.0m | 366,168 | 82% | added | |
| 46 | AAL AMERICAN AIRLS GROUP INC | Industrials | 0.4% | $13.8m | 902,114 | -46% | reduced |
| 47 | UBER UBER TECHNOLOGIES INC | Technology | 0.4% | $13.5m | 165,504 | – | new |
| 48 | NEM NEWMONT CORP | Basic Materials | 0.4% | $13.5m | 135,291 | – | new |
| 49 | ETHA ISHARES ETHEREUM TR | 0.4% | $13.4m | 599,615 | – | new | |
| 50 | PANW PALO ALTO NETWORKS INC | Technology | 0.4% | $13.4m | 72,963 | 1275% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.