Park Avenue Institutional Advisers LLC

CIK 0001640801 · Q1 2026

13F Equity AUM

$199.2M

+19705.3% QoQ

Positions

+2 QoQ

AUM Rank

#7,426

Top 60%

Skill Alpha (FF)

-7.7%/yr^ns

No Clear Edge

Rank #7,821 · Top 95%

vs S&P -13.4%/yr (unadj.)

Quarters Tracked

~10 years

Portfolio Concentration

Top 5: 100.0%Top 10: 100.0%Top 20: 100.0%

Janus Detroit Street Trust-Janus Henderson AA-A CLO ETF50.1%

JABS49.4%

RVMD0.3%

BRZE0.1%

TTAN0.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Unclassified50.1%

Fund49.4%

Other0.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 5Median: 0.25%Avg: 20.00%

0–0.5%

3(0.4%)

0.5–1%

0(0.0%)

1–3%

0(0.0%)

3–5%

0(0.0%)

5%+

2(99.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 3Unique: 2vs 20 funds

0%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.1%

VANGUARD CAPITAL MANAGEMENT LLC

0.1%

STATE STREET CORP

0.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.1%

FMR LLC

0.1%

MORGAN STANLEY

0.1%

GEODE CAPITAL MANAGEMENT, LLC

0.1%

JPMORGAN CHASE & CO

0.1%

BANK OF AMERICA CORP /DE/

0.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New2Increased0Decreased0Exited0

New Positions

Janus Detroit Street…50.1%

+2.0M

JABS49.4%

+2.0M

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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