Park Avenue Institutional Advisers LLC
Long book
$199.2M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+1.4%
SPY +14.8%
Turnover
40%
of book per quarter
Strategy in plain words
auto-generated from filingsPark Avenue Institutional Advisers LLC is a wealth-management firm allocating client money, running a $199.2M US long book across 5 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: JANUS HENDERSON AA-A CLO ETF, JANUS HDRSN ASS BKD SEC ETF, REVOLUTION MEDICINES INC, BRAZE INC-A, SERVICETITAN INC-A.
Over the last 7 quarters its long book ran on average 3.9pp per quarter behind the S&P 500, beating the index in 1 of 7 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.2%
Q2 2024
+4.4%
Q3 2024
-2.1%
Q4 2024
+1.6%
Q3 2025
+1.5%
Q4 2025
-12.3%
Q1 2026
+1.4%
Sector allocation
Healthcare 56%
Technology 44%
Long book by quarter
What does Park Avenue own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 5 | $199.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 3 | $1.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 1 | $99.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-NT | Jul 31, 2025 | — | $0 | SEC ↗ | |
| Q1 2025 | 13F-NT | May 6, 2025 | — | $0 | SEC ↗ | |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 3 | $14.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 5 | $53.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 5 | $67.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 5 | $45.3M | canonical | SEC ↗ |