Park Avenue Securities portfolio

What changed this quarter

1687 positions with a change (83 new, 854 added to, 660 trimmed, 90 sold); also, 4 entered through an IPO. 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Msci Acwi EX US ETF+507%more sharesIncreased
  0.3% → 1.6%
• iShares Msci USA Momentum FA ETF−94%fewer sharesReduced
  1.4% → 0.1%
• BlackRock ETF Trust+98%more sharesIncreased
  1.0% → 1.9%
• iShares MBS ETF−94%fewer sharesReduced
  0.9% → under 0.1%
• Ishares Tr+22%more sharesIncreased
  3.7% → 4.2%
• Ishares−35%fewer sharesReduced
  2.2% → 1.4%
• Dimensional ETF Trust−0.7 ppof portfolioSold out
  0.7% → —

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• iShares Core S&P 500 ETFIVV8.7%
• Ishares TrIUSB4.2%
• iShares S&P 500 Growth ETFIVW3.4%
• BlackRock ETF TrustDYNF3.2%
• iShares S&P 500 Value ETFIVE2.5%
• BlackRock ETF TrustCORO1.9%
• iShares Msci Eafe Value ETFEFV1.7%
• iShares Msci Acwi EX US ETFACWX1.6%
• NVIDIANVDA1.6%
• BlackRock ETF TrustBLCR1.5%
• IsharesIEMG1.4%
• iShares Msci Eafe Growth ETFEFG1.4%
• BlackRock ETF TrustBAI1.3%
• AppleAAPL1.3%
• Dimensional ETF TrustDFAC1.2%
• AlphabetGOOGL · GOOG1.0%
• MicrosoftMSFT1.0%
• BlackRock ETF TrustTHRO0.9%
• iShares National Muni Bond E ETFMUB0.9%
• iShares US Treasury Bond ETFGOVT0.9%
• State Str Spdr S&P 500 ETF TSPY0.9%
• Schwab US Large-cap Growth ETFSCHG0.8%
• iShares 10-20 Year Treasury ETFTLH0.8%
• American Centy ETF TrAVUS0.8%
• Vanguard Index FundsVBR0.8%
• BlackRock ETF TrustIDEF0.8%
• BlackRock ETF TrustIALT0.7%
• Dimensional ETF TrustDFIC0.7%
• DFA Invt Dimensions Group In0.7%
• Amazon.comAMZN0.7%
• BlackRock ETF TrustBDYN0.7%
• BlackRock ETF Trust IIGGOV0.6%
• Vanguard Most Sm-cap ETF-usd ETFVB0.6%
• Vanguard Dividend Apprec ETFVIG0.5%
• STE Str SPDR PT DW EU ETFSPDW0.5%
• STE Str SPDR PT S&P 500 ETFSPYM0.5%
• BlackRock ETF TrustBFLX0.5%
• Vanguard Index FundsVTI0.5%
• Meta PlatformsMETA0.5%
• iShares Core U.s. Aggregate ETFAGG0.5%
• BroadcomAVGO0.4%
• Dimensional ETF TrustDFIS0.4%
• American Centy ETF TrAVLV0.4%
• State Street Technology Select Sector ETFXLK0.4%
• BlackRock ETF TrustBDVL0.4%
• Vanguard Ftse Developed ETFVEA0.4%
• American Centy ETF TrAVDV0.4%
• American Centy ETF TrAVEM0.4%
• iShares Core Msci Eafe ETFIEFA0.3%
• JPMorgan ChaseJPM0.3%
• Micron TechnologyMU0.3%
• iShares Gold Trust ETFIAU0.3%
• iShares Msci USA Quality FAC ETFQUAL0.3%
• Dimensional ETF TrustDIHP0.3%
• American Centy ETF TrAVLC0.3%
• Vanguard S&P 500 ETFVOO0.3%
• Vaneck ETF TrustSMH0.3%
• TeslaTSLA0.3%
• iShares LT National Muni BD ETFLMUB0.3%
• State Street SPDR BB 1-3m T-bill ETFBIL0.3%
• Dimensional ETF TrustDFSD0.3%
• Eli LillyLLY0.3%
• State Street Financial Select Sector ETFXLF0.3%
• American Centy ETF TrAVDE0.3%
• Advanced Micro DevicesAMD0.2%
• Dimensional ETF TrustDFAE0.2%
• Palantir TechnologiesPLTR0.2%
• BlackRock ETF Trust IIBINC0.2%
• State Street SPDR P S&P 1500 Comp ETFSPTM0.2%
• Invesco QQQ Trust Series 1 ETFQQQ0.2%
• Vanguard Mrngstr Val ETF-aui ETFVTV0.2%
• Spdr Index SHS FundsSPEM0.2%
• iShares Russell 1000 ETFIWB0.2%
• Cisco SystemsCSCO0.2%
• Vaneck ETF TrustEMLC0.2%
• iShares ESG Aware Msci USA ETFESGU0.2%
• Exxon MobilXOM0.2%
• Schwab International Equity ETFSCHF0.2%
• VisaV0.2%
• Vanguard Short-term Bond ETFBSV0.2%
• iShares Russell 1000 Growth ETFIWF0.2%
• Ssga Active TrXLSR0.2%
• Johnson & JohnsonJNJ0.2%
• BlackRock ETF TrustLCTU0.2%
• Ishares TrLQD0.2%
• Berkshire HathawayBRK/B0.2%
• Vanguard Short-term Treasury ETFVGSH0.2%
• ChevronCVX0.2%
• iShares 0-1 Year Treasury BO ETFSHV0.2%
• J P Morgan Exchange Traded FundBBUS0.2%
• Lam ResearchLRCX0.2%
• Vanguard Int-term Corporate ETFVCIT0.2%
• American Centy ETF TrAVUV0.2%
• WalmartWMT0.2%
• Taiwan Semiconductor ManufacturingTSM0.2%
• Dimensional US Small Cap Value ETF0.2%
• CaterpillarCAT0.2%
• Arista NetworksANET0.2%
• iShares Core S&P Midcap ETFIJH0.2%