Park Avenue Institutional Advisers LLC Q4 2022 vs. Q1 2023: A Look at Changes in Holdings

It's always interesting to take a look at the changes in holdings of a fund to see what a company has been investing in or divesting from. In this case, we'll be taking a deeper dive into the Q4 2022 vs. Q1 2023 13F holdings comparison for Park Avenue Institutional Advisers LLC.

One of the biggest changes we see is with the holding of "ISHARES NASDAQ BIOTECH INDX" which went from 54,000 shares to 359,000 shares. The value of the holding also increased significantly from $4,945,000 to $34,008,000. This is a staggering increase of 587.7%! This is worth noting as this ETF tracks the NASDAQ Biotechnology Index, which includes biotech and pharmaceutical companies.

We also see a decrease in their holding of "Vanguard Short-Term Inflation-", which went from 1,320,700 shares to 700,700 shares. The value of the holding decreased as well from $63,538,000 to $33,507,000 which is a -47.3% change. This is a fund that aims to provide protection against inflation in the short term and is invested primarily in investment-grade bonds.

The holding of "Vanguard Mortgage-Backed Secur" remained constant at 110,000 shares with a slight increase in value from $4,959,000 to $5,120,000, a 3.2% change. This fund invests in mortgage-backed securities which are essentially bonds that are collateralized by a pool of mortgages.

The only change seen in their holding of "Surgery Partners Inc" and "Altice USA Inc" is the value of the holding. For Surgery Partners Inc, it went from $241,000 to $356,000, a 47.3% change. Altice USA Inc, on the other hand, saw a decrease in its holding value from $315,000 to $185,000, a -41.3% change.

We also see a new addition to their holdings with "AMPLITUDE INC." with 28,253 making its way into their portfolio. This company develops and sells medical devices for orthopedic surgery and is having quite a successful year.

Finally, we see a decrease in the holding of "iHeartMedia Inc" from 34,000 shares to 34,000 shares with the value dipping from $249,000 to $132,000. This is a leading audio media company who has recently had a major merger with a podcast advertising company.

All in all, we see that Park Avenue Institutional Advisers LLC has been making some moves in their investing as 2022 turned into 2023. It's interesting to look at where their focus has shifted and what new additions they have made.