1y return+16.0%S&P 500 +20.9%
3y return+101.0%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since September 30, 2022: $243 against $209 in the S&P 500.2
Parallax Volatility Advisers, L.P.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $231.6M | 9.5% | +2118.3% |
| Nextera Energy IncCUSIP 65339F655 | $207.2M | 8.5% | +17.4% |
| INTCIntel Corp | $64.2M | 2.6% | +106.2% |
| AMATApplied Matls Inc | $55.6M | 2.3% | New |
| AMZNAmazon Com Inc | $50.0M | 2.1% | New |
| MUMicron Technology Inc | $44.0M | 1.8% | −46.3% |
| GSGoldman Sachs Group Inc | $42.2M | 1.7% | +25.1% |
| WMTWalmart Inc | $36.9M | 1.5% | +5431816.7% |
| BABAAlibaba Group Hldg Ltd | $34.3M | 1.4% | −15.5% |
| Exxon Mobil CorpCUSIP 30231G102 | $33.8M | 1.4% | +1604.2% |
| CCitigroup Inc | $30.9M | 1.3% | +17.4% |
| NFLXNetflix Inc. | $30.5M | 1.2% | +13.5% |
| LRCXLam Research Corp | $30.4M | 1.2% | +815.2% |
| CSCOCisco Sys Inc | $27.5M | 1.1% | New |
| CVXChevron Corporation | $27.2M | 1.1% | |
| GOOGLAlphabet Inc | $26.9M | 1.1% | −34.4% |
| SOXXIshares Tr | $25.6M | 1.0% | +207.4% |
| TTWOTake-two Interactive Softwar | $23.7M | 1.0% | +51.9% |
| METAMeta Platforms Inc | $23.5M | 1.0% | New |
| DELLDell Technologies Inc | $22.1M | 0.9% | New |
| CIThe Cigna Group | $21.7M | 0.9% | +470.4% |
| BRK/BBerkshire Hathaway Inc Del | $21.6M | 0.9% | +29.7% |
| IJSIshares Tr | $20.5M | 0.8% | +200.0% |
| AAPLApple Inc | $20.3M | 0.8% | −77.3% |
| Novanta IncCUSIP 67000B203 | $20.1M | 0.8% | +102.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CRWDCrowdstrike Hldgs Inc | June 30, 2022 | +352.7% | $17.5M |
| XLISelect Sector Spdr Tr | June 30, 2020 | +169.6% | $15.4M |
| LRCXLam Research Corp | December 31, 2025 | +153.1% | $30.4M |
| CCitigroup Inc | December 31, 2024 | +98.8% | $30.9M |
| SOXXIshares Tr | March 31, 2026 | +95.0% | $25.6M |
| DDOGDatadog Inc | December 31, 2024 | +82.2% | $18.1M |
| BBarrick Mng Corp | June 30, 2025 | +76.4% | $15.4M |
| CVSCvs Health Corp | June 30, 2024 | +75.2% | $16.2M |
| JPMJpmorgan Chase & Co | March 31, 2024 | +63.4% | $19.8M |
| TXNTexas Instrs Inc | March 31, 2026 | +53.5% | $15.1M |
Sold off last quarter
- Oracle CorpCUSIP 68389X204 was $46.9M
- EWZIshares Inc was $20.5M
- PWRQuanta Svcs Inc was $13.2M
- Asml Hldg NvCUSIP N07059210 was $10.6M
- ANETArista Networks Inc was $10.6M
- MRVLMarvell Technology Inc was $10.3M
- PANWPalo Alto Networks Inc was $9.7M
- IBMInternational Business Machs was $7.6M
- WECWec Energy Group Inc was $7.2M
- Credo Technology Group HoldiCUSIP G25457105 was $6.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.1% | +14.8% |
| March 31, 2026 | −3.8% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +9.2% | +7.8% |
| June 30, 2025 | +19.5% | +10.5% |
| March 31, 2025 | −4.4% | −4.6% |
| December 31, 2024 | +3.4% | +2.1% |
| September 30, 2024 | +5.5% | +5.4% |
| June 30, 2024 | +4.8% | +4.0% |
| March 31, 2024 | +16.9% | +10.0% |
| December 31, 2023 | +14.0% | +11.2% |
| September 30, 2023 | −0.6% | −3.6% |
| June 30, 2023 | +4.9% | +8.3% |
| March 31, 2023 | +8.7% | +7.0% |
| December 31, 2022 | +6.0% | +7.1% |
| June 30, 2022 | −20.0% | −16.5% |
| March 31, 2022 | −10.3% | −4.9% |
| December 31, 2021 | +3.6% | +10.7% |
| September 30, 2021 | −3.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Parallax Volatility Advisers, L.P. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1521001&type=13F-HR&dateb=&owner=include&count=40CIK 1521001
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1521001/000117266126003723/Filed August 14, 2026 · accession 0001172661-26-003723