Parallax Volatility Advisers, L.P. Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$50.7B

Holdings

820

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (820 positions)

#	Stock	Shares	Value	% Portfolio	Type
401	AGFIRST MAJESTIC SILVER CORP	417,709	$6.0M	0.01%	Put
402	MESHMESHFLOW ACQUISITION CORP	607,969	$6.0M	0.01%
403	BEKEKE HLDGS INC	402,640	$6.0M	0.01%	Put
404	BMNRBITMINE IMMERSION TECNOLOGIE	226,000	$6.0M	0.01%	Put
405	PAR 1.5 10/15/27PAR TECHNOLOGY CORP	6,250,000	$6.0M	0.01%
406	XPEVXPENG INC	299,200	$6.0M	0.01%	Put
407	RYROYAL BK CDA	37,821	$6.0M	0.01%
408	LMNDLEMONADE INC	88,727	$5.0M	0.01%	Put
409	PWRQUANTA SVCS INC	15,142	$5.0M	0.01%	Put
410	DOCUDOCUSIGN INC	78,046	$5.0M	0.01%	Call
411	FIXCOMFORT SYS USA INC	5,400	$5.0M	0.01%	Put
412	XRXXEROX HOLDINGS CORP	2,312,972	$5.0M	0.01%	Put
413	AEMAGNICO EAGLE MINES LTD	36,745	$5.0M	0.01%	Put
414	OZKBANK OZK LITTLE ROCK ARK	123,290	$5.0M	0.01%	Put
415	BKLNINVESCO EXCH TRADED FD TR II	250,001	$5.0M	0.01%	Put
416	PTENPATTERSON-UTI ENERGY INC	981,000	$5.0M	0.01%	Put
417	QUBTQUANTUM COMPUTING INC	562,500	$5.0M	0.01%	Put
418	ABGCENCORA INC	15,914	$5.0M	0.01%
419	DKNGDRAFTKINGS INC NEW	180,000	$5.0M	0.01%	Put
420	AHCOADAPTHEALTH CORP	558,600	$5.0M	0.01%	Put
421	AJGGALLAGHER ARTHUR J & CO	20,600	$5.0M	0.01%	Put
422	TSEMTOWER SEMICONDUCTOR LTD	50,000	$5.0M	0.01%	Call
423	GTLBGITLAB INC	167,239	$5.0M	0.01%	Put
424	QC10FLAGSTAR BANK NATIONAL ASSOC	451,600	$5.0M	0.01%	Put
425	SMRNUSCALE PWR CORP	479,826	$5.0M	0.01%	Put
426	HLFHERBALIFE LTD	431,894	$5.0M	0.01%	Put
427	PBIPITNEY BOWES INC	515,000	$5.0M	0.01%	Put
428	PLDPROLOGIS INC.	49,215	$5.0M	0.01%	Put
429	ELVELEVANCE HEALTH INC FORMERLY	16,976	$5.0M	0.01%	Put
430	LCIDLUCID GROUP INC	592,600	$5.0M	0.01%	Put
431	CNCCENTENE CORP DEL	154,223	$5.0M	0.01%	Put
432	EFRENERGY FUELS INC	441,527	$5.0M	0.01%	Put
433	KBESPDR SERIES TRUST	100,956	$5.0M	0.01%	Put
434	ABTABBOTT LABS	37,444	$4.0M	0.01%	Put
435	EBAEBAY INC.	60,799	$4.0M	0.01%	Put
436	CFLTCONFLUENT INC	162,700	$4.0M	0.01%	Put
437	AEOAMERICAN EAGLE OUTFITTERS IN	188,113	$4.0M	0.01%	Put
438	PLUNPLUG POWER INC	2,339,700	$4.0M	0.01%	Put
439	LVSLAS VEGAS SANDS CORP	80,329	$4.0M	0.01%	Put
440	AIC3 AI INC	407,400	$4.0M	0.01%	Put
441	TEMTEMPUS AI INC	76,400	$4.0M	0.01%	Put
442	GDGENERAL DYNAMICS CORP	13,800	$4.0M	0.01%	Call
443	CLSCELESTICA INC	19,452	$4.0M	0.01%	Put
444	GFSGLOBALFOUNDRIES INC	140,000	$4.0M	0.01%	Put
445	BITFBITFARMS LTD	2,459,419	$4.0M	0.01%	Put
446	CFGCITIZENS FINL GROUP INC	79,682	$4.0M	0.01%	Put
447	VISNCOMMSCOPE HLDG CO INC	250,000	$4.0M	0.01%	Call
448	NDAQNASDAQ INC	43,412	$4.0M	0.01%	Put
449	G3VGREEN PLAINS INC	545,291	$4.0M	0.01%	Put
450	WGO 3.25 01/15/30WINNEBAGO INDS INC	5,000,000	$4.0M	0.01%
451	SOCSABLE OFFSHORE CORP	540,775	$4.0M	0.01%	Put
452	TOSTTOAST INC	135,100	$4.0M	0.01%	Put
453	RDFN 0.5 04/01/27REDFIN CORP	5,000,000	$4.0M	0.01%
454	KMBKIMBERLY-CLARK CORP	49,500	$4.0M	0.01%	Put
455	TTDTHE TRADE DESK INC	118,000	$4.0M	0.01%	Put
456	AGGISHARES TR	43,651	$4.0M	0.01%
457	BIXIBITCOIN INFRASTRUCTURE ACQUI	504,816	$4.0M	0.01%
458	XLFISELECT SECTOR SPDR TR	66,965	$4.0M	0.01%	Put
459	ICLNISHARES TR	275,001	$4.0M	0.01%	Call
460	CRDOCREDO TECHNOLOGY GROUP HOLDI	32,700	$4.0M	0.01%	Put
461	MARA 0 06/01/31MARA HOLDINGS INC	5,000,000	$4.0M	0.01%
462	CENXCENTURY ALUM CO	120,614	$4.0M	0.01%	Call
463	—SILICON VY ACQUISITION CORP	451,500	$4.0M	0.01%
464	ENBENBRIDGE INC	94,856	$4.0M	0.01%	Put
465	HASIHA SUSTAINABLE INFRA CAP INC	105,000	$3.0M	0.01%	Call
466	FIVNFIVE9 INC	202,883	$3.0M	0.01%	Put
467	PVHPVH CORPORATION	50,000	$3.0M	0.01%	Call
468	DGXQUEST DIAGNOSTICS INC	18,000	$3.0M	0.01%	Call
469	PHINPHINIA INC	53,738	$3.0M	0.01%	Put
470	DOWDOW INC	146,200	$3.0M	0.01%	Put
471	ALUBALUSSA ENERGY ACQUISITION CO	350,000	$3.0M	0.01%
472	CPNGCOUPANG INC	182,954	$3.0M	0.01%	Put
473	AIGAMERICAN INTL GROUP INC	42,500	$3.0M	0.01%	Call
474	MDTMEDTRONIC PLC	49,887	$3.0M	0.01%	Put
475	AEPAMERICAN ELEC PWR CO INC	26,977	$3.0M	0.01%	Put
476	DC4DEXCOM INC	65,214	$3.0M	0.01%	Put
477	ASOACADEMY SPORTS & OUTDOORS IN	64,726	$3.0M	0.01%
478	—LAFAYETTE ACQUISITION CORP	310,371	$3.0M	0.01%
479	FVIFORTUNA MNG CORP	400,000	$3.0M	0.01%	Call
480	TWLVTWELVE SEAS INVT CO III	344,433	$3.0M	0.01%
481	UNIT 7.5 12/01/27UNITI GROUP LLC	3,000,000	$3.0M	0.01%
482	ETSY 0.25 06/15/28ETSY INC	4,000,000	$3.0M	0.01%
483	OMFONEMAIN HLDGS INC	53,174	$3.0M	0.01%
484	DOCNDIGITALOCEAN HLDGS INC	68,671	$3.0M	0.01%
485	AVBAVALONBAY CMNTYS INC	20,000	$3.0M	0.01%	Call
486	CBRL 0.625 06/15/26CRACKER BARREL OLD CTRY STOR	4,000,000	$3.0M	0.01%
487	STZCONSTELLATION BRANDS INC	28,324	$3.0M	0.01%	Put
488	ROKROCKWELL AUTOMATION INC	11,568	$3.0M	0.01%	Put
489	APLSAPELLIS PHARMACEUTICALS INC	124,000	$3.0M	0.01%	Call
490	TEAMATLASSIAN CORPORATION	20,100	$3.0M	0.01%	Put
491	BTBTBIT DIGITAL INC	2,664,089	$3.0M	0.01%	Put
492	CZRCAESARS ENTERTAINMENT INC NE	168,003	$3.0M	0.01%	Put
493	HCACHALL CHADWICK ACQUISITION CO	350,300	$3.0M	0.01%
494	OPENOPENDOOR TECHNOLOGIES INC	592,801	$3.0M	0.01%	Put
495	BILIBILIBILI INC	148,444	$3.0M	0.01%	Put
496	EVOXEVOLUTION GLOBAL ACQUISITION	337,180	$3.0M	0.01%
497	N1UANEW ORIENTAL ED & TECHNOLOGY	63,944	$2.0M	0.00%	Put
498	LWLAMB WESTON HLDGS INC	51,627	$2.0M	0.00%	Call
499	IBBISHARES TR	13,526	$2.0M	0.00%
500	GPRE 2.25 03/15/27GREEN PLAINS INC	3,000,000	$2.0M	0.00%

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