The Rise and Fall of Park Avenue Securities' 13F Holdings: A Q4 2022 vs. Q1 2023 Analysis

Park Avenue Securities LLC, a New York-based financial services company, has recently filed its 13F report disclosing its equity holdings for Q4 2022 and Q1 2023. The report reveals the changes in the company's stock portfolio during this period. In this article, we'll take a detailed look at Park Avenue Securities' 13F holdings, comparing the data between Q4 2022 and Q1 2023.

First, let's take a moment to understand what a 13F filing is and why companies are required to file it. A 13F report is a quarterly filing that institutional investors, such as investment advisers, must submit to the Securities and Exchange Commission (SEC). The report contains information about the institutional investor's equity holdings, including the name, class, and number of shares held. This information is intended to inform the public about the institutional investor's investment activities.

Now, let's dive into the data. Park Avenue Securities' 13F report shows that the company held 38 securities as of Q1 2023. The total value of the holdings was $3.12 billion, a 22.6% increase from the $2.54 billion reported in Q4 2022. However, the number of shares held by the company decreased by 02%, from 29,829,300 to 29,751,322.

Below are the top 10 holdings of Park Avenue Securities as of Q1 2023:

- iShares 20+ Year Treasury Bond ETF (TLT)

- iShares Core U.S. Aggregate Bond ETF (AGG)

- iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)

- iShares MSCI EAFE ETF (EFA)

- Vanguard Total Stock Market ETF (VTI)

- iShares Short Treasury Bond ETF (SHV)

- iShares Core S&P Mid-Cap ETF (IJH)

- SPDR S&P 500 ETF Trust (SPY)

- iShares Russell 2000 ETF (IWM)

- iShares iBoxx $ High Yield Corporate Bond ETF (HYG)

Among these top holdings, the largest changes in position were in the iShares US Treasury Bond ETF (GOVT) with a 75.7% increase and the iShares MSCI USA ESG Select ETF (ESGU) with a 53.9% decrease in the number of shares held. The changes in the value of these holdings were $60.5 million and -$235.8 million, respectively.

Another notable change was in the holdings of Apple Inc (AAPL), which increased by 6.5%, resulting in a value increase of $14.5 million. This was a significant decrease compared to the 35.2% growth rate in Q4 2022. Similarly, Amazon.com Inc. (AMZN) experienced a growth rate of only 36.7%, down from 51.3% in Q4 2022.

On the other hand, one of the most impressive performances was from iShares MSCI USA Quality Factor ETF (QUAL), with a massive 11,354.5% increase in the number of shares held resulting in a value increase of $300.7 million. iShares Core Total USD Bond Market ETF (IUSB) also saw significant growth, with an increase of 31.2% in the number of shares held and a value increase of $104.7 million.

In conclusion, Park Avenue Securities' 13F filings highlight the changes in the company's equity holdings between Q4 2022 and Q1 2023. Despite a decrease in the number of shares held, the total value of the holdings increased. The report also sheds light on the company's top holdings, which are primarily in ETFs and corporate bonds, with a few notable investments in individual stocks. It will be interesting to see how these investments perform in the future and if Park Avenue Securities makes any significant changes to its portfolio for the next reporting period.