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Livermore
Livermore
ZHEN

Park Avenue Securities LLC

SEC CIK
0001071640
Latest filing
Jul 20, 2026

The latest 13F from Park Avenue Securities LLC covers Q2 2026 (filed Jul 20, 2026): 1,776 long positions worth $16.0B. The top 10 holdings make up 30.2% of the portfolio, and the largest is iShares Core S&P 500 ETF at 8.7%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
329
Est. +$1.36B
Added
761
Est. +$1.53B
Reduced
667
Est. −$1.27B
Sold out
70
Est. −$39.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    8.7%$1.39B
  2. iShares Tr46434V613
    3.7%$596.0M
  3. iShares S&P 500 Growth ETF464287309
    3.3%$532.1M
  4. BlackRock ETF Trust09290C103
    3.3%$522.8M
  5. iShares S&P 500 Value ETF464287408
    2.6%$411.2M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$508.2MAdded
  2. iShares Tr46434V613
    +$182.6MAdded
  3. BlackRock ETF Trust09290C764
    +$156.7MAdded
  4. BlackRock ETF Trust09290C699
    +$152.2MNew
  5. SPYSPDR S&P 500 ETF Trust
    +$143.6MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares Core S&P 500 ETF464287200
    +2.67 pp6.0% → 8.7%
  2. BlackRock ETF Trust09290C764
    +0.98 pp<0.1% → 1.0%
  3. BlackRock ETF Trust09290C699
    +0.95 pp0.0% → 1.0%
  4. SPYSPDR S&P 500 ETF Trust
    +0.90 pp0.0% → 0.9%History
  5. Dimensional ETF Trust25434V799
    +0.69 pp0.0% → 0.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI USA Quality Factor ETF46432F339
    −$193.1MReduced
  2. iShares Tr464288877
    −$183.7MReduced
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −$127.5MReduced
  4. iShares Tr46435G672
    −$93.5MReduced
  5. iShares S&P 500 Value ETF464287408
    −$88.2MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Tr464288877
    −1.75 pp3.4% → 1.7%
  2. iShares MSCI USA Quality Factor ETF46432F339
    −1.35 pp1.7% → 0.3%
  3. iShares S&P 500 Value ETF464287408
    −1.06 pp3.6% → 2.6%
  4. iShares Core MSCI Emerging Markets ETF46434G103
    −0.96 pp3.1% → 2.2%
  5. iShares Tr46435G672
    −0.73 pp0.8% → <0.1%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$16.0B
+$3.21B (+25.1%) vs. prior quarter
Positions
1,776
+259 vs. prior quarter
Top 10 concentration
30.2%
Top 10 as share of value
Turnover
9.1%
Q2 2026, one quarter
Average holding period
13.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $16.0B (Q2 2026)

Q1 2021: $4.12BQ2 2021: $4.71BQ3 2021: $4.98BQ4 2021: $5.66BQ1 2022: $5.70BQ2 2022: $5.16BQ3 2022: $5.02BQ4 2022: $5.63BQ1 2023: $5.82BQ2 2023: $6.32BQ3 2023: $6.45BQ4 2023: $7.24BQ1 2024: $7.74BQ2 2024: $8.18BQ3 2024: $8.90BQ4 2024: $9.72BQ1 2025: $8.14BQ2 2025: $10.9BQ3 2025: $12.8BQ4 2025: $11.8BQ1 2026: $12.8BQ2 2026: $16.0B
Q1 2021Q2 2026
13F filings of Park Avenue Securities LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 20261,776$16.0BiShares Core S&P 500 ETFiShares TriShares S&P 500 Growth ETFvs. Q1 2026SEC
Q1 2026Apr 7, 20261,517$12.8BiShares Core S&P 500 ETFiShares S&P 500 Value ETFiShares S&P 500 Growth ETFvs. Q4 2025SEC
Q4 2025Jan 5, 20261,493$11.8BiShares Core S&P 500 ETFiShares S&P 500 Value ETFiShares S&P 500 Growth ETFvs. Q3 2025SEC
Q3 2025Oct 23, 20251,630$12.8BiShares Core S&P 500 ETFBlackRock ETF TrustiShares Trvs. Q2 2025SEC
Q2 2025Jul 14, 20251,467$10.9BiShares Core S&P 500 ETFiShares TriShares Trvs. Q1 2025SEC
Q1 2025Apr 14, 20251,155$8.14BiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q4 2024SEC
Q4 2024Jan 14, 20251,460$9.72BiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q3 2024SEC
Q3 2024Oct 3, 20241,379$8.90BiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q2 2024SEC
Q2 2024Jul 9, 20241,355$8.18BiShares Core S&P 500 ETFiShares TriShares S&P 500 Growth ETFvs. Q1 2024SEC
Q1 2024Apr 10, 20241,358$7.74BiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q4 2023SEC
Q4 2023Jan 10, 20241,330$7.24BiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q3 2023SEC
Q3 2023Oct 26, 20231,257$6.45BiShares Core S&P 500 ETFiShares TriShares Trvs. Q2 2023SEC
Q2 2023Jul 14, 2023720$6.32BiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q1 2023SEC
Q1 2023Apr 18, 2023693$5.82BiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q4 2022SEC
Q4 2022Jan 24, 20231,189$5.63BiShares Core S&P 500 ETFiShares TriShares Trvs. Q3 2022SEC
Q3 2022Nov 1, 20221,114$5.02BiShares Core S&P 500 ETFiShares TriShares Trvs. Q2 2022SEC
Q2 2022Jul 27, 20221,114$5.16BiShares Core S&P 500 ETFiShares TriShares Trvs. Q1 2022SEC
Q1 2022Apr 29, 20221,124$5.70BiShares Core S&P 500 ETFiShares TriShares Trvs. Q4 2021SEC
Q4 2021Apr 8, 20221,098$5.66BiShares TriShares Core S&P 500 ETFiShares Trvs. Q3 2021SEC
Q3 2021Oct 21, 20211,027$4.98BiShares TriShares Core S&P 500 ETFiShares Trvs. Q2 2021SEC
Q2 2021Aug 5, 2021Amended1,012$4.71BiShares Core S&P 500 ETFiShares TriShares Trvs. Q1 2021SEC
Q1 2021Apr 28, 2021947$4.12BiShares Core S&P 500 ETFiShares TriShares Tr–SEC