Parallel Advisors, LLC

SAN FRANCISCO, CA · CIK 1690010 · 13F filing filed 2025-04-08

SEC-registered investment adviser since 2007 · limited liability company

Assets managed$10.3bn
Staff137 · 61 in investment roles
Main clients (by assets)High net worth individuals 53%, Individuals 37%, Pension plans 9%
Form ADV · 2026-06-29SEC adviser record

$4.4bn reported value -0.1% vs Q4 2024

3,506positions

37.3%in top 10

226 new 1,519 added 1,175 reduced 222 sold out vs Q4 2024

Options: 10 call positions ($954.2k notional), 4 put positions ($14.6m notional) – listed below, not included above.

Holdings, Q1 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR CORE S&P500 ETF IVV	IVV	699,904	$393.3m8.90%	8.90%	Added +17.6k	+17,568 2.6%
2	ISHARES TR CORE S&P TTL STK ITOT	ITOT	2,560,483	$312.4m7.07%	7.07%	Reduced -10.5k	-10,537 -0.4%
3	CORCEPT THERAPEUTICS INC COM CORT	CORT	3,972,416	$219.6m4.97%	4.97%	Added +142.8k	+142,784 3.7%
4	APPLE INC COM AAPL	AAPL	926,914	$205.9m4.66%	4.66%	Added +72.8k	+72,844 8.5%
5	NVIDIA CORPORATION COM NVDA	NVDA	1,090,608	$118.2m2.67%	2.67%	Added +22.7k	+22,709 2.1%
6	MICROSOFT CORP COM MSFT	MSFT	285,518	$107.2m2.43%	2.43%	Added +96.7k	+96,672 51.2%
7	ISHARES TR CORE MSCI EAFE IEFA	IEFA	1,023,166	$77.4m1.75%	1.75%	Added +59.7k	+59,678 6.2%
8	AMAZON COM INC COM AMZN	AMZN	380,319	$72.4m1.64%	1.64%	Reduced -1.3k	-1,287 -0.3%
9	BLACKROCK ETF TRUST ISHARES US EQUIT DYNF	DYNF	1,469,251	$71.6m1.62%	1.62%	Added +106.8k	+106,822 7.8%
10	CVB FINL CORP COM CVBF	CVBF	3,822,248	$70.6m1.60%	1.60%	Added +874.6k	+874,631 29.7%
11	VANGUARD INDEX FDS LARGE CAP ETF VV	VV	222,435	$57.2m1.29%	1.29%	Reduced -2.2k	-2,192 -1.0%
12	JANUS DETROIT STR TR HENDERSON MTG JMBS	JMBS	1,200,559	$54.3m1.23%	1.23%	Added +596.2k	+596,248 98.7%
13	ALPHABET INC CAP STK CL C GOOG	GOOG	339,085	$53.0m1.20%	1.20%	Added +17.1k	+17,070 5.3%
14	ALPHABET INC CAP STK CL A GOOGL	GOOGL	322,515	$49.9m1.13%	1.13%	Added +23.3k	+23,344 7.8%
15	COSTCO WHSL CORP NEW COM COST	COST	46,376	$43.9m0.99%	0.99%	Reduced -247	-247 -0.5%
16	ISHARES TR S&P 500 GRWT ETF IVW	IVW	450,352	$41.8m0.95%	0.95%	Reduced -904	-904 -0.2%
17	META PLATFORMS INC CL A META	META	72,062	$41.5m0.94%	0.94%	Added +7.6k	+7,641 11.9%
18	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	77,805	$41.4m0.94%	0.94%	Added +351	+351 0.5%
19	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	149,712	$41.1m0.93%	0.93%	Reduced -1.5k	-1,475 -1.0%
20	VANGUARD INDEX FDS SMALL CP ETF VB	VB	166,120	$36.8m0.83%	0.83%	Reduced -1.5k	-1,475 -0.9%
21	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	196,006	$33.5m0.76%	0.76%	Reduced -6.6k	-6,554 -3.2%
22	JPMORGAN CHASE & CO COM JPM	JPM	130,397	$32.0m0.72%	0.72%	Added +881	+881 0.7%
23	VISA INC COM CL A V	V	80,793	$28.3m0.64%	0.64%	Added +3.0k	+3,049 3.9%
24	NETFLIX INC COM NFLX	NFLX	28,575	$26.6m0.60%	0.60%	Added +2.9k	+2,882 11.2%
25	ISHARES TR CORE US AGGBD ET AGG	AGG	247,405	$24.5m0.55%	0.55%	Reduced -40.0k	-39,996 -13.9%
26	ELI LILLY & CO COM LLY	LLY	28,973	$23.9m0.54%	0.54%	Added +2.7k	+2,696 10.3%
27	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	469,865	$23.9m0.54%	0.54%	Added +18.7k	+18,703 4.2%
28	VANGUARD INDEX FDS VALUE ETF VTV	VTV	134,077	$23.1m0.52%	0.52%	Added +1.2k	+1,170 0.9%
29	MASTERCARD INCORPORATED CL A MA	MA	41,523	$22.8m0.52%	0.52%	Reduced -655	-655 -1.6%
30	ABBVIE INC COM ABBV	ABBV	107,042	$22.4m0.51%	0.51%	Reduced -1.1k	-1,143 -1.1%
31	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	39,373	$22.0m0.50%	0.50%	Added +1.1k	+1,141 3.0%
32	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	46,926	$22.0m0.50%	0.50%	Added +836	+836 1.8%
33	VANGUARD SCOTTSDALE FDS INT-TERM CORP VCIT	VCIT	256,039	$20.9m0.47%	0.47%	Added +19.9k	+19,867 8.4%
34	ISHARES TR GLOBAL TECH ETF IXN	IXN	271,432	$20.6m0.47%	0.47%	Added +8.7k	+8,685 3.3%
35	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	39,582	$20.3m0.46%	0.46%	Added +2.5k	+2,538 6.8%
36	UBER TECHNOLOGIES INC COM UBER	UBER	271,132	$19.8m0.45%	0.45%	Added +6.0k	+5,961 2.2%
37	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	39,139	$19.4m0.44%	0.44%	Reduced -1.1k	-1,144 -2.8%
38	CROWN CASTLE INC COM CCI	CCI	184,283	$19.2m0.43%	0.43%	Added +318	+318 0.2%
39	CHEVRON CORP NEW COM CVX	CVX	111,833	$18.7m0.42%	0.42%	Added +1.7k	+1,743 1.6%
40	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	58,410	$18.2m0.41%	0.41%	Reduced -1.2k	-1,174 -2.0%
41	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	36,458	$18.1m0.41%	0.41%	Added +3.1k	+3,114 9.3%
42	SALESFORCE INC COM CRM	CRM	67,283	$18.1m0.41%	0.41%	Added +349	+349 0.5%
43	TESLA INC COM TSLA	TSLA	69,338	$18.0m0.41%	0.41%	Added +4.0k	+4,048 6.2%
44	ISHARES TR MSCI EAFE ETF EFA	EFA	216,721	$17.7m0.40%	0.40%	Added +1.6k	+1,639 0.8%
45	SPDR SERIES TRUST PORTFOLI S&P1500 SPTM	SPTM	259,528	$17.7m0.40%	0.40%	Reduced -9.9k	-9,948 -3.7%
46	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	626,487	$17.5m0.40%	0.40%	Added +1.3k	+1,252 0.2%
47	ISHARES INC CORE MSCI EMKT IEMG	IEMG	324,389	$17.5m0.40%	0.40%	Reduced -32.0k	-32,032 -9.0%
48	BLACKROCK ETF TRUST II ISHARES FLEXIBLE BINC	BINC	327,412	$17.1m0.39%	0.39%	Added +298.4k	+298,366 1027.2%
49	ABBOTT LABS COM ABT	ABT	127,540	$16.9m0.38%	0.38%	Added +1.7k	+1,671 1.3%
50	UNITEDHEALTH GROUP INC COM UNH	UNH	31,303	$16.4m0.37%	0.37%	Reduced -3.2k	-3,233 -9.4%
51	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	194,122	$16.4m0.37%	0.37%	Reduced -287.2k	-287,166 -59.7%
52	ISHARES TR INTL SEL DIV ETF IDV	IDV	527,890	$16.4m0.37%	0.37%	Reduced -23.0k	-23,032 -4.2%
53	TJX COS INC NEW COM TJX	TJX	132,649	$16.2m0.37%	0.37%	Reduced -67	-67 -0.1%
54	INTUIT COM INTU	INTU	25,679	$15.8m0.36%	0.36%	Reduced -124	-124 -0.5%
55	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	301,027	$15.8m0.36%	0.36%	Added +241.2k	+241,228 403.4%
56	VANGUARD INDEX FDS MID CAP ETF VO	VO	58,433	$15.1m0.34%	0.34%	Added +2.3k	+2,343 4.2%
57	BROADCOM INC COM AVGO	AVGO	88,374	$14.8m0.33%	0.33%	Added +14.5k	+14,498 19.6%
58	BOOKING HOLDINGS INC COM BKNG	BKNG	3,082	$14.2m0.32%	0.32%	Reduced -20	-20 -0.6%
59	ADOBE INC COM ADBE	ADBE	34,234	$13.1m0.30%	0.30%	Reduced -1.3k	-1,280 -3.6%
60	WALMART INC COM WMT	WMT	148,430	$13.0m0.29%	0.29%	Added +2.0k	+1,982 1.4%
61	JOHNSON & JOHNSON COM JNJ	JNJ	76,195	$12.6m0.29%	0.29%	Added +3.7k	+3,724 5.1%
62	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	276,116	$12.5m0.28%	0.28%	Added +3.0k	+2,996 1.1%
63	ISHARES TR IBOXX HI YD ETF HYG	HYG	158,017	$12.5m0.28%	0.28%	Reduced -2.2k	-2,233 -1.4%
64	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	154,403	$12.2m0.28%	0.28%	Added +6.2k	+6,159 4.2%
65	SPDR GOLD TR GOLD SHS GLD	GLD	39,200	$11.3m0.26%	0.26%	Added +1.2k	+1,224 3.2%
66	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	57,761	$11.2m0.25%	0.25%	Reduced -241	-241 -0.4%
67	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	64,334	$11.1m0.25%	0.25%	Reduced -7.6k	-7,618 -10.6%
68	PROCTER AND GAMBLE CO COM PG	PG	64,456	$11.0m0.25%	0.25%	Added +199	+199 0.3%
69	BLACKROCK INC COM BLK	BLK	11,441	$10.8m0.25%	0.25%	Reduced -261	-261 -2.2%
70	STARBUCKS CORP COM SBUX	SBUX	109,856	$10.8m0.24%	0.24%	Added +76.5k	+76,451 228.9%
71	HOME DEPOT INC COM HD	HD	29,285	$10.7m0.24%	0.24%	Reduced -365	-365 -1.2%
72	ISHARES TR CORE S&P MCP ETF IJH	IJH	181,273	$10.6m0.24%	0.24%	Added +30.3k	+30,257 20.0%
73	ISHARES TR S&P 500 VAL ETF IVE	IVE	55,297	$10.5m0.24%	0.24%	Added +599	+599 1.1%
74	SHERWIN WILLIAMS CO COM SHW	SHW	29,892	$10.4m0.24%	0.24%	Reduced -37	-37 -0.1%
75	DONALDSON INC COM DCI	DCI	154,808	$10.4m0.23%	0.23%	Reduced -3.8k	-3,849 -2.4%
76	REALTY INCOME CORP COM O	O	176,990	$10.3m0.23%	0.23%	Added +2.8k	+2,801 1.6%
77	ISHARES TR RUS 1000 GRW ETF IWF	IWF	28,319	$10.2m0.23%	0.23%	Added +3.8k	+3,753 15.3%
78	NEXTERA ENERGY INC COM NEE	NEE	141,824	$10.1m0.23%	0.23%	Added +4.8k	+4,790 3.5%
79	HONEYWELL INTL INC COM COM		47,279	$10.0m0.23%	0.23%	Reduced -1.3k	-1,258 -2.6%
80	ISHARES TR CORE S&P SCP ETF IJR	IJR	95,057	$9.9m0.22%	0.22%	Added +17.0k	+16,963 21.7%
81	ECOLAB INC COM ECL	ECL	39,154	$9.9m0.22%	0.22%	Reduced -3.4k	-3,399 -8.0%
82	ROPER TECHNOLOGIES INC COM ROP	ROP	16,555	$9.8m0.22%	0.22%	Added +338	+338 2.1%
83	ORACLE CORP COM ORCL	ORCL	66,850	$9.4m0.21%	0.21%	Reduced -172	-172 -0.3%
84	PALO ALTO NETWORKS INC COM PANW	PANW	54,684	$9.3m0.21%	0.21%	Added +2.9k	+2,915 5.6%
85	VERIZON COMMUNICATIONS INC COM VZ	VZ	199,341	$9.0m0.20%	0.20%	Reduced -70.3k	-70,291 -26.1%
86	MCCORMICK & CO INC COM NON VTG MKC	MKC	109,031	$9.0m0.20%	0.20%	Reduced -3.3k	-3,297 -2.9%
87	COUPANG INC CL A CPNG	CPNG	406,743	$8.9m0.20%	0.20%	Reduced -6.3k	-6,269 -1.5%
88	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	175,770	$8.9m0.20%	0.20%	Added +249	+249 0.1%
89	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	45,680	$8.5m0.19%	0.19%	Added +606	+606 1.3%
90	SELECT SECTOR SPDR TR ENERGY XLE	XLE	90,535	$8.5m0.19%	0.19%	Reduced -2.2k	-2,177 -2.4%
91	COLGATE PALMOLIVE CO COM CL	CL	88,371	$8.3m0.19%	0.19%	Reduced -1.2k	-1,167 -1.3%
92	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	91,446	$8.3m0.19%	0.19%	Added +4.5k	+4,539 5.2%
93	EXXON MOBIL CORP COM XOM	XOM	69,279	$8.2m0.19%	0.19%	Reduced -3.4k	-3,388 -4.7%
94	ISHARES TR MSCI USA MIN VOL USMV	USMV	85,808	$8.0m0.18%	0.18%	Reduced -7.9k	-7,928 -8.5%
95	PIMCO ETF TR ULTRA SHORT GOVT BILZ	BILZ	79,232	$8.0m0.18%	0.18%	Added +12.0k	+11,979 17.8%
96	ISHARES TR MSCI INTL QUALTY IQLT	IQLT	200,260	$7.9m0.18%	0.18%	Reduced -12.6k	-12,551 -5.9%
97	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	22,077	$7.8m0.18%	0.18%	Reduced -251	-251 -1.1%
98	ISHARES TR RUS 1000 VAL ETF IWD	IWD	39,088	$7.3m0.17%	0.17%	Added +612	+612 1.6%
99	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	368,926	$7.3m0.17%	0.17%	Added +12.0k	+11,978 3.4%
100	ILLINOIS TOOL WKS INC COM ITW	ITW	29,295	$7.3m0.16%	0.16%	Reduced -257	-257 -0.9%

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
INARI MED INC NARI	NARI	52,441	$2.7m52.4k shares
FIRST TR EXCHANGE-TRADED FD FCG	FCG	34,858	$858.6k34.9k shares
REVANCE THERAPEUTICS INC RVNC	RVNC	92,323	$280.7k92.3k shares
FLEXSHARES TR TDTT	TDTT	10,607	$250.2k10.6k shares
INNOVATOR ETFS TRUST PMAR	PMAR	3,142	$126.3k3.1k shares
DESTINY TECH100 INC DXYZ	DXYZ	2,000	$117.7k2.0k shares
INNOVATOR ETFS TRUST PSEP	PSEP	3,000	$117.3k3.0k shares
CHENIERE ENERGY PARTNERS LP CQP	CQP	2,180	$115.8k2.2k shares
COLUMBIA ETF TR I MUST	MUST	5,699	$115.7k5.7k shares
SMARTSHEET INC SMAR	SMAR	2,032	$113.9k2.0k shares
MATTERPORT INC MTTR	MTTR	20,304	$96.2k20.3k shares
ACCURAY INC ARAY	ARAY	40,000	$79.2k40.0k shares
ZUORA INC ZUO	ZUO	7,474	$74.1k7.5k shares
BARNES GROUP INC B	B	1,190	$56.2k1.2k shares
ALTAIR ENGR INC ALTR	ALTR	498	$54.3k498 shares
EATON VANCE TAX ADVT DIV INC XEVTX	XEVTX	2,206	$53.1k2.2k shares
INVESCO EXCHANGE TRADED FD T PEJ	PEJ	900	$47.0k900 shares
HEARTLAND FINL USA INC HTLF	HTLF	762	$46.7k762 shares
ISHARES U S ETF TR CMDY	CMDY	961	$45.7k961 shares
FIDELIS INSURANCE HOLDINGS L PLGO	PLGO	2,202	$39.9k2.2k shares
SUMMIT MATLS INC SUM	SUM	782	$39.6k782 shares
FIDELITY COVINGTON TRUST FBCG	FBCG	823	$38.1k823 shares
HASHICORP INC HCP	HCP	1,078	$36.9k1.1k shares
ISHARES TR IBTG	IBTG	1,601	$36.5k1.6k shares
INVESCO ACTVELY MNGD ETC FD EVMT	EVMT	2,406	$35.1k2.4k shares

Options (notional value)

Underlying	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR PUT OPT 05/25 470.0 PUT Put	Put	19,100	$10.7m19.1k shares	New
PALANTIR JUN 20 25 $50 (100 SHS) Put	Put	20,000	$1.7m20.0k shares	Unchanged
PALANTIR TECHNOLOGIES IN PUT OPT 09/25 45.0 PUT Put	Put	20,000	$1.7m20.0k shares	Unchanged
SPDR S&P 500 ETF TR PUT OPT 05/25 541.0 PUT Put	Put	1,000	$559.4k1.0k shares	New
PINTEREST INC CLL OPT 09/25 35.0 CAL Call	Call	9,500	$294.5k9.5k shares	Added
ALPHABET INC CLL OPT 05/25 200.0 CAL Call	Call	1,600	$247.4k1.6k shares	New
SALESFORCE INC CLL OPT 12/26 220.0 CAL Call	Call	400	$107.3k400 shares	Unchanged
PINTEREST INC CLL OPT 05/25 31.0 CAL Call	Call	3,000	$93.0k3.0k shares	New
BROADCOM INC CLL OPT 04/25 180.0 CAL Call	Call	100	$57.6k100 shares	New
INVESCO QQQ TR CLL OPT 04/25 510.0 CAL Call	Call	100	$46.9k100 shares	New
INVESCO QQQ TR CLL OPT 04/25 462.0 CAL Call	Call	100	$46.9k100 shares	New
CONSTELLATION ENERGY COR CLL OPT 05/25 280.0 CAL Call	Call	200	$40.3k200 shares	Unchanged
META PLATFORMS INC CLL OPT 12/26 470.0 CAL Call	Call	100	$16.7k100 shares	Unchanged
PURECYCLE JUL 18 25 $15 (100 SHS) Call	Call	500	$3.5k500 shares	Unchanged