PARK AVENUE SECURITIES LLC

RIA/Wealth

PARK AVENUE SECURITIES LLC is a RIA/Wealth based in New York, NY led by Marianne Grace Caswell, reporting $15.0B in AUM as of Q3 2025 with 75% ETF concentration.

PresidentMarianne Grace Caswell

Portfolio Value: $11.7B
Positions: 1,415
Top Holding: IVV at 5%
Last Reported: Q3 2025

Address10 Hudson Yards, New York, NY, 10001, United States

Top Holdings

Largest long holdings in PARK AVENUE SECURITIES LLC's portfolio (34.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Core S&P 500 ETF IVV	ETF ETF	$584.3M	5.00%	+$14.6M Bought	— 872.9K shares	Q1 2019 Held for 6y 8m
2 BlackRock U.S. Equity Factor Rotation DYNF	ETF ETF	$514.0M	4.40%	+$98.2M Bought	— 8.7M shares	Q3 2024 Held for 1y 2m
3 EFV iShares MSCI EAFE Value EFV	ETF ETF	$435.7M	3.73%	-$54.2M Sold	— 6.4M shares	Q1 2019 Held for 6y 8m
4 iShares S&P 500 Growth ETF IVW	ETF ETF	$431.6M	3.69%	-$6.4M Sold	— 3.6M shares	Q3 2019 Held for 6y 2m
5 iShares Core Total USD Bond Market IUSB	ETF ETF	$417.0M	3.57%	-$70.1M Sold	— 8.9M shares	Q1 2021 Held for 4y 8m
6 iShares MSCI USA Quality Factor QUAL	ETF ETF	$385.8M	3.30%	-$93.6M Sold	— 2.0M shares	Q4 2019 Held for 5y 11m
7 iShares S&P 500 Value IVE	ETF ETF	$362.8M	3.10%	+$20.9M Bought	— 1.8M shares	Q2 2020 Held for 5y 5m
8 iShares Core MSCI Emerging Markets IEMG	ETF ETF	$337.0M	2.88%	+$46.4M Bought	— 5.1M shares	Q2 2015 Held for 10y 5m
9 iShares S&P 100 OEF	ETF ETF	$330.9M	2.83%	+$144.0M Bought	— 994.3K shares	Q3 2023 Held for 2y 2m
10 TLH iShares 10-20 Year Treasury Bond TLH	ETF ETF	$195.9M	1.68%	+$49.1M Bought	— 1.9M shares	Q3 2021 Held for 4y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in PARK AVENUE SECURITIES LLC's latest filing

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Market Value

$11.7B

Prior: $10.4B

Q/Q Change

+12.57%

+$1.3B

Net Flows % of MV

+3.25%

Turnover Ratio

9.04%

New Purchases

95 stocks

$81.0M

Added To

738 stocks

+$1.0B

Sold Out Of

69 stocks

$39.5M

Reduced Holdings

483 stocks

-$695.5M

Increased Positions

Position	Shares Δ	Change
1 Avantis U.S. Large Cap Equity AVLC	New	0 → 348.5K +$26.7M
2 XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury XTEN	New	0 → 189.4K +$8.8M
3 iShares iBonds Dec 2028 Term Corporate IBDT	New	0 → 260.7K +$6.7M
4 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund GRID	New	0 → 33.7K +$5.1M
5 JPMorgan International Growth JIG	New	0 → 31.5K +$2.4M

Decreased Positions

Position	Shares Δ	Change
1 UWM ProShares Ultra Russell2000 UWM	Sold	200.3K → 0 −$7.5M
2 SPDR EURO STOXX 50 ETF FEZ	Sold	91.0K → 0 −$5.4M
3 SPDR Portfolio Long Term Corporate Bond SPLB	Sold	149.2K → 0 −$3.4M
4 RWX SPDR Dow Jones International Real Estate RWX	Sold	116.4K → 0 −$3.2M
5 Ansys ANSS	Sold	5.2K → 0 −$1.8M

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Analytics

Portfolio insights and performance metrics for PARK AVENUE SECURITIES LLC

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Sector Allocation

ETF

74.60%

Technology

8.20%

Financial Services

3.90%

Industrials

2.60%

Consumer Cyclical

2.50%

Communication Services

2.30%

Healthcare

2.10%

Consumer Defensive

1.30%

Energy

0.70%

Utilities

0.70%

Real Estate

0.50%

Basic Materials

0.40%

Market Cap Distribution

Mega Cap (> $200B)

13.02%

Large Cap ($10B - $200B)

11.08%

Mid Cap ($2B - $10B)

1.10%

Small Cap ($300M - $2B)

0.05%

Micro Cap ($50M - $300M)

0.00%

Nano Cap (< $50M)

0.09%

N/A (ETF or Unknown)

74.65%

Portfolio Concentration

Top 10 Holdings %

34.18%

Top 20 Holdings %

45.31%

Top 50 Holdings %

60.93%

Top 100 Holdings %

72.07%