Q2 2026 13F · SEC CIK 1521001

Parallax Volatility Advisers, L.P.

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.4B
Reported positions: 623
Top holdings a year, 3 yrs: +34.1%
Assets under management: $6.0B

Parallax Volatility Advisers, L.P. is a hedge fund that reported 623 positions worth $2.4B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Nvidia Corporation (NVDA, 9.5%), NextEra Energy 7.375 15-Feb-2029 PEPS (8.5%), Intel Corp (INTC, 2.6%). A portfolio copying its top holdings returned 34.1% a year over the last 3 years, against 20.4% for the S&P 500.

Parallax Volatility Advisers, L.P. holdings largest 50 of 623 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Parallax Volatility Advisers, L.P. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	9.5%	—	1,157,378	—	$231.6M
65339F655NextEra Energy 7.375 15-Feb-2029 PEPS	8.5%	9.0%	2,360,663	+17.4%	$207.2M
INTCIntel Corp	2.6%	0.5%	459,534	+106.2%	$64.2M
AMATApplied Matls Inc	2.3%	—	76,903	—	$55.6M
AMZNAmazon Com Inc	2.1%	—	209,819	—	$50.0M
MUMicron Technology Inc	1.8%	1.2%	38,116	-46.3%	$44.0M
GSGoldman Sachs Group Inc	1.7%	1.5%	41,730	+25.1%	$42.2M
WMTWalmart Inc	1.5%	—	325,915	—	$36.9M
BABAAlibaba Group Hldg Ltd	1.4%	2.6%	357,219	-15.5%	$34.3M
XOMExxon Mobil Corp	1.4%	—	247,293	—	$33.8M
CCitigroup Inc	1.3%	1.2%	220,662	+17.4%	$30.9M
NFLXNetflix Inc.	1.2%	1.8%	426,514	+13.5%	$30.5M
LRCXLam Research Corp	1.2%	—	70,231	—	$30.4M
CSCOCisco Sys Inc	1.1%	—	234,359	—	$27.5M
CVXChevron Corporation	1.1%	1.5%	164,149	+0.7%	$27.2M
GOOGLAlphabet Inc	1.1%	1.6%	75,153	-34.4%	$26.9M
SOXXIshares Tr	1.0%	—	39,929	—	$25.6M
TTWOTake-Two Interactive Softwar	1.0%	0.6%	94,871	+51.9%	$23.7M
METAMeta Platforms Inc	1.0%	—	41,691	—	$23.5M
DELLDell Technologies Inc	0.9%	—	51,200	—	$22.1M
CIThe Cigna Group	0.9%	—	78,726	—	$21.7M
BRK-BBerkshire Hathaway Inc Del	0.9%	0.8%	43,216	+29.7%	$21.6M
IJSIshares Tr	0.8%	—	150,002	—	$20.5M
AAPLApple Inc	0.8%	3.9%	70,306	-77.3%	$20.3M
NOVTUNovanta Inc	0.8%	—	298,876	—	$20.1M
BXBlackstone Inc	0.8%	0.5%	169,007	+116.5%	$19.9M
JPMJpmorgan Chase & Co	0.8%	0.9%	60,554	+4.4%	$19.8M
BABoeing Co	0.8%	0.9%	87,345	+5.4%	$18.9M
FCXFreeport Mcmoran Inc	0.8%	—	295,411	—	$18.6M
DDOGDatadog Inc	0.7%	0.6%	69,356	-29.3%	$18.1M
MAMastercard Incorporated	0.7%	—	34,909	—	$17.9M
CRWDCrowdstrike Hldgs Inc	0.7%	—	22,875	—	$17.5M
TLTIshares Tr	0.7%	0.5%	199,806	+76.9%	$17.3M
SBUXStarbucks Corp	0.7%	—	162,699	—	$16.6M
CVSCvs Health Corp	0.7%	—	156,666	—	$16.2M
MSFTMicrosoft Corp	0.6%	—	41,786	—	$15.6M
XLISelect Sector Spdr Tr	0.6%	—	83,163	—	$15.4M
BBarrick Mng Corp	0.6%	0.5%	418,885	+62.2%	$15.4M
WMBWilliams Cos	0.6%	—	204,737	—	$15.2M
TXNTexas Instrs Inc	0.6%	—	50,809	—	$15.1M
SNDKSandisk Corp	0.6%	—	6,649	—	$15.1M
SNOWSnowflake Inc	0.6%	0.7%	59,367	-41.1%	$15.1M
MRKMerck & Co Inc	0.6%	0.7%	116,081	-1.4%	$14.9M
OXYOccidental Pete Corp	0.6%	0.9%	305,254	-5.1%	$14.8M
TGTTarget Corp	0.6%	—	109,008	—	$14.2M
FDXFedex Corp	0.6%	1.0%	44,050	-12.5%	$13.8M
ORCLOracle Corp	0.6%	—	94,032	—	$13.8M
PLTRPalantir Technologies Inc	0.6%	—	116,581	—	$13.6M
WFCWells Fargo & Co	0.6%	—	162,737	—	$13.4M
AXPAmerican Express Co	0.5%	—	39,111	—	$13.2M

What Parallax Volatility Advisers, L.P. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

BX Blackstone Inc+116.5% shares
INTC Intel Corp+106.2% shares
TLT Ishares Tr+76.9% shares
B Barrick Mng Corp+62.2% shares
TTWO Take-Two Interactive Softwar+51.9% shares
BRK-B Berkshire Hathaway Inc Del+29.7% shares
GS Goldman Sachs Group Inc+25.1% shares
C Citigroup Inc+17.4% shares

Reduced

AAPL Apple Inc-77.3% shares
MU Micron Technology Inc-46.3% shares
SNOW Snowflake Inc-41.1% shares
GOOGL Alphabet Inc-34.4% shares
DDOG Datadog Inc-29.3% shares
BABA Alibaba Group Hldg Ltd-15.5% shares
FDX Fedex Corp-12.5% shares
OXY Occidental Pete Corp-5.1% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +14.2% /yr; S&P 500 +20.1%
3 years: +34.1% /yr; S&P 500 +20.4%
5 years: +13.4% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.4B	623
Q1 2026	$2.0B	589
Q4 2025	$2.9B	543
Q3 2025	$3.0B	523
Q2 2025	$2.1B	473
Q1 2025	$2.7B	495
Q4 2024	$4.0B	616
Q3 2024	$3.3B	551
Q2 2024	$3.5B	555
Q1 2024	$3.0B	531
Q4 2023	$3.1B	563
Q3 2023	$2.4B	630

Questions about Parallax Volatility Advisers, L.P.'s portfolio

What stocks does Parallax Volatility Advisers, L.P. own?

Parallax Volatility Advisers, L.P.'s latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 623 positions worth $2.4B. The largest are Nvidia Corporation (NVDA) at 9.5%, NextEra Energy 7.375 15-Feb-2029 PEPS at 8.5%, Intel Corp (INTC) at 2.6%, Applied Matls Inc (AMAT) at 2.3% and Amazon Com Inc (AMZN) at 2.1%.

What did Parallax Volatility Advisers, L.P. buy last quarter?

In Q2 2026, Parallax Volatility Advisers, L.P. added Blackstone Inc (BX) (+116.5% shares), Intel Corp (INTC) (+106.2% shares) and Ishares Tr (TLT) (+76.9% shares), compared with its Q1 2026 filing.

What did Parallax Volatility Advisers, L.P. sell last quarter?

In Q2 2026, Parallax Volatility Advisers, L.P. cut from its top 50 Select Sector Spdr Tr (XLF), cut from its top 50 Oracle Corp, cut from its top 50 Select Sector Spdr Tr (XLE), cut from its top 50 Pepsico Inc (PEP), cut from its top 50 Vaneck ETF Trust (GDX), Apple Inc (AAPL) (-77.3% shares), Micron Technology Inc (MU) (-46.3% shares) and Snowflake Inc (SNOW) (-41.1% shares), compared with its Q1 2026 filing.

How has Parallax Volatility Advisers, L.P.'s portfolio performed?

A portfolio copying Parallax Volatility Advisers, L.P.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +34.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +14.2% against +20.1%. Over 5 years: +13.4% a year against +11.6%.

When is Parallax Volatility Advisers, L.P.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Parallax Volatility Advisers, L.P.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Parallax Volatility Advisers, L.P. manage?

Parallax Volatility Advisers, L.P. reported $6.0B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.4B.