13F Filings/Parallax Volatility Advisers, L.P.

Parallax Volatility Advisers, L.P.

Hedge FundCIK0001521001LocationSAN FRANCISCO, CA 94104, United States

Long U.S. equity positions disclosed to the SEC on Form 13F-HR.

Latest filingQ2 2026Quarter ended30 Jun 2026Filed14 Aug 2026
Firm profile · Form ADV
SEC adviser registration

Parallax Volatility Advisers, L.P. (PVA) is a California limited partnership established in 1996 that exclusively manages assets on a discretionary basis. The firm manages a single master-feeder fund family known as the "Parallax Core" funds, consisting of a Cayman Islands master fund with onshore and offshore feeder funds. While the brochure lists "Item 8. Methods of Analysis, Investment Strategies and Risk of Loss" in its table of contents, specific details regarding its investment strategy are omitted from the provided text beyond the operation of this master-feeder structure.Summarised from the firm’s Form ADV Part 2A brochure.

CRD
158143 · 801-73683
Portfolio Turnover
24%
Of book traded, QoQ
Positions
1,502
Long U.S. equities
Top 10 Concentration
62%
Of reported value
QoQ Change
$20.3B
Value change
Assets under management
Form ADV RAUM · client mix · 13F over time
Regulatory AUM
$6.0B
Form ADV, as of Mar 2026
● 100% discretionary ($6.0B)
By client type
Pooled investment vehicles: $6.0B (100.0%) · 3 clients
Pooled investment vehicles
$6.0B · 100%
13F AUM over time
$58.9B
Q2 ’26 · 13F AUM
▲ 29%
42 quarters
Reported Holdings
Q2 2026 · upgrade to Pro for past quarters
↗
★ Position spotlightNVDANVIDIA CORPORATION · 0.4% of bookThis highlighted stock and its 1Y chart are public
Loading position history…
Security⇅Shares⇅Market Value▼Est. Cost⇅Last Px⇅Est. Return⇅% Portfolio⇅Δ Shares⇅Action⇅
STATE STR SPDR S&P 500 ETF T
SPY
26.12MPut$19.5B—$766.48—33.1%▲ 169.4%Added
INVESCO QQQ TR
QQQ
8.30MCall$6.1B—$718.36—10.4%▲ 97.3%Added
STATE STR SPDR S&P 500 ETF T
SPY
4.55MCall$3.4B—$766.48—5.8%▼ 53.1%Reduced
INVESCO QQQ TR
QQQ
4.09MPut$3.0B—$718.36—5.1%▼ 2.7%Reduced
ISHARES TR
IWM
5.06MPut$1.5B—$271.28—2.6%▲ 18.7%Added
SPDR GOLD TR
GLD
2.21MCall$813.8M—$379.69—1.4%▲ 203.1%Added
SELECT SECTOR SPDR TR
XLF
12.85MPut$688.9M—$55.06—1.2%▼ 9.2%Reduced
NVIDIA CORPORATION
NVDA· Information Technology
3.01MPut$601.5M—$217.09—1.0%▲ 5661.7%Added
VANECK ETF TRUST
SMH
866KCall$568.2M—$548.46—1.0%▲ 29.0%Added
VANECK ETF TRUST
SMH
853KPut$559.3M—$548.46—1.0%▲ 27.0%Added
SPYSTATE STR SPDR S&P 500 ETF TAdded
$19.5B· 33.1%· 26.12M Put· ▲ 169.4%· last $766.48
TR UNIT · SOLE
QQQINVESCO QQQ TRAdded
$6.1B· 10.4%· 8.30M Call· ▲ 97.3%· last $718.36
UNIT SER 1 · SOLE
SPYSTATE STR SPDR S&P 500 ETF TReduced
$3.4B· 5.8%· 4.55M Call· ▼ 53.1%· last $766.48
TR UNIT · SOLE
QQQINVESCO QQQ TRReduced
$3.0B· 5.1%· 4.09M Put· ▼ 2.7%· last $718.36
UNIT SER 1 · SOLE
IWMISHARES TRAdded
$1.5B· 2.6%· 5.06M Put· ▲ 18.7%· last $271.28
RUSSELL 2000 ETF · SOLE
GLDSPDR GOLD TRAdded
$813.8M· 1.4%· 2.21M Call· ▲ 203.1%· last $379.69
GOLD SHS · SOLE
XLFSELECT SECTOR SPDR TRReduced
$688.9M· 1.2%· 12.85M Put· ▼ 9.2%· last $55.06
ST STR FINL ETF · SOLE
NVDANVIDIA CORPORATIONAdded
$601.5M· 1.0%· 3.01M Put· ▲ 5661.7%· last $217.09
Information Technology · COM · SOLE
SMHVANECK ETF TRUSTAdded
$568.2M· 1.0%· 866K Call· ▲ 29.0%· last $548.46
SEMICONDUCTR ETF · SOLE
SMHVANECK ETF TRUSTAdded
$559.3M· 1.0%· 853K Put· ▲ 27.0%· last $548.46
SEMICONDUCTR ETF · SOLE
1–10 of 1,502
1 / 151
Sector Breakdown
Q2 2026
Unclassified72.9% · $42.9B
Information Technology10.8% · $6.4B
Financials3.8% · $2.2B
Consumer Discretionary3.6% · $2.1B
Communication Services2.4% · $1.4B
Industrials2.1% · $1.2B
Energy1.5% · $860.2M
Other3.0% · $1.7B
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