Park Avenue Securities
NEW YORK, NYfiles as PARK AVENUE SECURITIES LLC
$16.0bn in 1,776 US stocks at the end of 30 June 2026. The top 10 are 30.2% of the money. It changed about 16.3% of the portfolio this quarter.
Value
$16.0bn
Stocks
1,776
Top 10 share
30.2%
Turnover
16.3%
What changed this quarter
New
Bought for the first time this quarter.
- Blackrock ETF TrustIDEF1.0% of the fund
- State STR Spdr S&P 500 ETF TSPY0.9% of the fund
- Dimensional ETF TrustDFIC0.7% of the fund
- Blackrock ETF TrustIALT0.7% of the fund
- Blackrock ETF Trust IIGGOV0.5% of the fund
- AlphabetGOOG0.3% of the fund
- Ishares TRIWF0.2% of the fund
- J P Morgan Exchange Traded FBBUS0.2% of the fund
- Blackrock ETF TrustBFLX0.2% of the fund
- Ishares TRIJH0.2% of the fund
- Ishares TRIYW0.2% of the fund
- Spdr Series TrustTFI0.1% of the fund
- Philip Morris InternationalPM0.1% of the fund
- Ishares TRIEUR0.1% of the fund
- Janus Detroit STR TRJAAA0.1% of the fund
- Goldman Sachs GroupGS0.1% of the fund
- Spdr Series TrustSPMD<0.1% of the fund
- Trust FOR Professional ManagAPUE<0.1% of the fund
- Ishares TRPFF<0.1% of the fund
- Vanguard World FDMGK<0.1% of the fund
- Wells Fargo & CompanyWFC<0.1% of the fund
- EatonETN<0.1% of the fund
- IsharesEZU<0.1% of the fund
- CumminsCMI<0.1% of the fund
- J P Morgan Exchange Traded FJUSA<0.1% of the fund
Added
Bought more of a stock they already held.
- Ishares TRIVV8.7% of the fund+58%
- Ishares TRIUSB3.7% of the fund+44%
- Blackrock ETF TrustDYNF3.3% of the fund+3%
- Ishares TREFG1.7% of the fund+4%
- Dimensional ETF TrustDFAC1.2% of the fund+9%
- Blackrock ETF TrustBLCR1.2% of the fund+7%
- Blackrock ETF TrustCORO1.0% of the fund+23481%
- Ishares TRGOVT0.9% of the fund+11%
- Ishares TRMBB0.9% of the fund+10%
- Vanguard Index FDSVBR0.8% of the fund+4%
- Ishares TRMUB0.8% of the fund+4%
- Schwab Strategic TRSCHG0.7% of the fund+2%
- American Centy ETF TRAVUS0.7% of the fund+13%
- AlphabetGOOGL0.7% of the fund+2%
- Blackrock ETF TrustBDYN0.7% of the fund+5%
- MicrosoftMSFT0.7% of the fund+2%
- Dimensional ETF TrustDUHP0.7% of the fund+7%
- Amazon.comAMZN0.7% of the fund+3%
- Spdr Series TrustSPYM0.6% of the fund+3%
- Vanguard Index FDSVB0.6% of the fund+5%
- Vanguard Specialized FundsVIG0.6% of the fund+9%
- Ishares TRAGG0.4% of the fund+5%
- Dimensional ETF TrustDFIS0.4% of the fund+7%
- Blackrock ETF TrustBDVL0.4% of the fund+6%
- Meta PlatformsMETA0.4% of the fund+7%
Cut
Sold some of their stake.
- Ishares TRIVE2.6% of the fund-18%
- IsharesIEMG2.2% of the fund-27%
- Blackrock ETF TrustBAI1.8% of the fund-15%
- Ishares TREFV1.7% of the fund-41%
- Ishares TRMTUM1.4% of the fund-11%
- Blackrock ETF TrustTHRO0.9% of the fund-31%
- Ishares TRTLH0.9% of the fund-20%
- Spdr Index SHS FDSSPDW0.5% of the fund-3%
- Select Sector Spdr TRXLK0.4% of the fund-14%
- Vanguard Tax-Managed FDSVEA0.4% of the fund-2%
- Ishares TRQUAL0.3% of the fund-80%
- Vanguard Index FDSVOO0.3% of the fund-3%
- Select Sector Spdr TRXLF0.2% of the fund-11%
- Select Sector Spdr TRXLI0.2% of the fund-10%
- Blackrock ETF Trust IIBINC0.2% of the fund-58%
- Ishares TRIEFA0.2% of the fund-18%
- Blackrock ETF TrustLCTU0.2% of the fund-3%
- Ishares TRESGU0.2% of the fund-2%
- Ishares TRIWB0.2% of the fund-2%
- Berkshire HathawayBRK-B0.2% of the fund-19%
- WalmartWMT0.2% of the fund-4%
- VisaV0.2% of the fund-9%
- Johnson & JohnsonJNJ0.2% of the fund-3%
- IntelINTC0.2% of the fund-4%
- ChevronCVX0.2% of the fund-8%
Sold out
Sold their entire stake.
- Bondbloxx ETF TrustXTEN-100%
- Honeywell InternationalHON-100%
- Ishares TRFXI-100%
- Carnival-100%
- First TR Exchange-Traded FDFMF-100%
- KTKT-100%
- Ishares TRHYGW-100%
- Signet JewelersSIG-100%
- Vanguard World FDVDE-100%
- BaiduBIDU-100%
- First TR Exchange-Traded FDFBT-100%
- Coterra EnergyCTRA-100%
- Fidelity Covington TrustFMAT-100%
- DuPont de NemoursDD-100%
- First TR Exch Traded FD IIIFTLS-100%
- Invesco DB US DLR Index TRUUP-100%
- Barrick MiningB-100%
- VontierVNT-100%
- First TR Exchange Trad FD VIFAAR-100%
- First TR Exchange-Traded FDSKYY-100%
- Gildan ActivewearGIL-100%
- GoDaddyGDDY-100%
- Vanguard Admiral FDSVIOV-100%
- TheRealRealREAL-100%
- SouthState BankSSB-100%
Holdings
- Ishares TRIVV
- Share
- 8.7%
- Value
- $1.4bn
- Shares
- 1,853,765
+58%
- Ishares TRIUSB
- Share
- 3.7%
- Value
- $596m
- Shares
- 12,913,640
+44%
- Ishares TRIVW
- Share
- 3.3%
- Value
- $532m
- Shares
- 3,868,755
Held
- Blackrock ETF TrustDYNF
- Share
- 3.3%
- Value
- $523m
- Shares
- 7,687,097
+3%
- Ishares TRIVE
- Share
- 2.6%
- Value
- $411m
- Shares
- 1,811,031
-18%
- IsharesIEMG
- Share
- 2.2%
- Value
- $350m
- Shares
- 4,218,980
-27%
- Blackrock ETF TrustBAI
- Share
- 1.8%
- Value
- $280m
- Shares
- 5,319,125
-15%
- Ishares TREFV
- Share
- 1.7%
- Value
- $265m
- Shares
- 3,462,556
-41%
- Ishares TREFG
- Share
- 1.7%
- Value
- $264m
- Shares
- 2,125,557
+4%
- Ishares TRMTUM
- Share
- 1.4%
- Value
- $219m
- Shares
- 639,938
-11%
- Dimensional ETF TrustDFAC
- Share
- 1.2%
- Value
- $186m
- Shares
- 4,201,813
+9%
- Blackrock ETF TrustBLCR
- Share
- 1.2%
- Value
- $186m
- Shares
- 3,684,774
+7%
- Blackrock ETF TrustCORO
- Share
- 1.0%
- Value
- $157m
- Shares
- 4,299,492
+23481%
- Blackrock ETF TrustIDEF
- Share
- 1.0%
- Value
- $152m
- Shares
- 4,789,547
New
- Ishares TRGOVT
- Share
- 0.9%
- Value
- $149m
- Shares
- 6,553,412
+11%
- Blackrock ETF TrustTHRO
- Share
- 0.9%
- Value
- $147m
- Shares
- 3,406,641
-31%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.9%
- Value
- $144m
- Shares
- 192,295
New
- Ishares TRMBB
- Share
- 0.9%
- Value
- $139m
- Shares
- 1,466,815
+10%
- Ishares TRTLH
- Share
- 0.9%
- Value
- $137m
- Shares
- 1,367,082
-20%
- Vanguard Index FDSVBR
- Share
- 0.8%
- Value
- $131m
- Shares
- 538,661
+4%
- Ishares TRMUB
- Share
- 0.8%
- Value
- $121m
- Shares
- 1,120,668
+4%
- Schwab Strategic TRSCHG
- Share
- 0.7%
- Value
- $118m
- Shares
- 3,491,855
+2%
- American Centy ETF TRAVUS
- Share
- 0.7%
- Value
- $117m
- Shares
- 914,760
+13%
- Blackrock ETF TrustBDYN
- Share
- 0.7%
- Value
- $111m
- Shares
- 4,001,344
+5%
- Dimensional ETF TrustDUHP
- Share
- 0.7%
- Value
- $110m
- Shares
- 2,647,486
+7%
- Dimensional ETF TrustDFIC
- Share
- 0.7%
- Value
- $110m
- Shares
- 2,957,764
New
- Blackrock ETF TrustIALT
- Share
- 0.7%
- Value
- $109m
- Shares
- 3,894,852
New
- Spdr Series TrustSPYM
- Share
- 0.6%
- Value
- $100m
- Shares
- 1,138,392
+3%
- Vanguard Index FDSVB
- Share
- 0.6%
- Value
- $92m
- Shares
- 302,910
+5%
- Vanguard Specialized FundsVIG
- Share
- 0.6%
- Value
- $89m
- Shares
- 378,079
+9%
- Spdr Index SHS FDSSPDW
- Share
- 0.5%
- Value
- $87m
- Shares
- 1,730,145
-3%
- Blackrock ETF Trust IIGGOV
- Share
- 0.5%
- Value
- $86m
- Shares
- 1,705,355
New
- Vanguard Index FDSVTI
- Share
- 0.5%
- Value
- $80m
- Shares
- 214,927
Held
- Ishares TRAGG
- Share
- 0.4%
- Value
- $68m
- Shares
- 691,853
+5%
- Dimensional ETF TrustDFIS
- Share
- 0.4%
- Value
- $65m
- Shares
- 1,853,826
+7%
- American Centy ETF TRAVLV
- Share
- 0.4%
- Value
- $64m
- Shares
- 706,032
Held
- Select Sector Spdr TRXLK
- Share
- 0.4%
- Value
- $62m
- Shares
- 327,896
-14%
- Blackrock ETF TrustBDVL
- Share
- 0.4%
- Value
- $60m
- Shares
- 2,306,714
+6%
- Vanguard Tax-Managed FDSVEA
- Share
- 0.4%
- Value
- $60m
- Shares
- 837,457
-2%
- Ishares TRLMUB
- Share
- 0.4%
- Value
- $60m
- Shares
- 1,163,887
+5%
- American Centy ETF TRAVEM
- Share
- 0.4%
- Value
- $59m
- Shares
- 613,449
Held
- American Centy ETF TRAVDV
- Share
- 0.3%
- Value
- $52m
- Shares
- 508,290
+6%
- Ishares TRQUAL
- Share
- 0.3%
- Value
- $49m
- Shares
- 221,923
-80%
- Vaneck ETF TrustSMH
- Share
- 0.3%
- Value
- $47m
- Shares
- 71,834
+19%
- Dimensional ETF TrustDIHP
- Share
- 0.3%
- Value
- $47m
- Shares
- 1,374,007
+8%
- Ishares Gold TRIAU
- Share
- 0.3%
- Value
- $46m
- Shares
- 606,122
+4%
- Vanguard Index FDSVOO
- Share
- 0.3%
- Value
- $45m
- Shares
- 65,769
-3%
- Ishares TRACWX
- Share
- 0.3%
- Value
- $44m
- Shares
- 584,590
+9%
- American Centy ETF TRAVLC
- Share
- 0.3%
- Value
- $43m
- Shares
- 480,400
+13%
- Dimensional ETF TrustDFSD
- Share
- 0.3%
- Value
- $43m
- Shares
- 903,188
+17%
- Dimensional ETF TrustDFAE
- Share
- 0.3%
- Value
- $41m
- Shares
- 1,013,493
+7%
- Select Sector Spdr TRXLF
- Share
- 0.2%
- Value
- $40m
- Shares
- 742,543
-11%
- Ishares TRIWF
- Share
- 0.2%
- Value
- $40m
- Shares
- 318,476
New
- Spdr Series TrustSPTM
- Share
- 0.2%
- Value
- $38m
- Shares
- 417,513
Held
- Select Sector Spdr TRXLI
- Share
- 0.2%
- Value
- $38m
- Shares
- 202,997
-10%
- Spdr Index SHS FDSSPEM
- Share
- 0.2%
- Value
- $38m
- Shares
- 725,002
+2%
- American Centy ETF TRAVDE
- Share
- 0.2%
- Value
- $37m
- Shares
- 415,767
+13%
- Vanguard Index FDSVTV
- Share
- 0.2%
- Value
- $36m
- Shares
- 164,751
+7%
- Invesco QQQ TRQQQ
- Share
- 0.2%
- Value
- $35m
- Shares
- 47,996
+8%
- Blackrock ETF Trust IIBINC
- Share
- 0.2%
- Value
- $35m
- Shares
- 675,214
-58%
- Ishares TRLQD
- Share
- 0.2%
- Value
- $35m
- Shares
- 321,974
+6%
- Ishares TRIEFA
- Share
- 0.2%
- Value
- $35m
- Shares
- 362,178
-18%
- Vaneck ETF TrustEMLC
- Share
- 0.2%
- Value
- $34m
- Shares
- 1,346,648
+3%
- Blackrock ETF TrustLCTU
- Share
- 0.2%
- Value
- $34m
- Shares
- 419,357
-3%
- Ishares TRESGU
- Share
- 0.2%
- Value
- $33m
- Shares
- 201,434
-2%
- Ishares TRIWB
- Share
- 0.2%
- Value
- $33m
- Shares
- 80,040
-2%
- Vanguard BD Index FDSBSV
- Share
- 0.2%
- Value
- $32m
- Shares
- 415,886
+5%
- Schwab Strategic TRSCHF
- Share
- 0.2%
- Value
- $32m
- Shares
- 1,165,387
+6%
- Ssga Active TRXLSR
- Share
- 0.2%
- Value
- $32m
- Shares
- 495,551
Held
- Vanguard Scottsdale FDSVGSH
- Share
- 0.2%
- Value
- $32m
- Shares
- 541,474
+14%
- J P Morgan Exchange Traded FBBUS
- Share
- 0.2%
- Value
- $32m
- Shares
- 233,818
New
- Invesco Exchange Traded FD TSPHQ
- Share
- 0.2%
- Value
- $31m
- Shares
- 340,277
+1187%
- Blackrock ETF TrustBFLX
- Share
- 0.2%
- Value
- $30m
- Shares
- 1,164,317
New
- American Centy ETF TRAVIG
- Share
- 0.2%
- Value
- $29m
- Shares
- 708,154
+12%
- Spdr Series TrustSPTB
- Share
- 0.2%
- Value
- $29m
- Shares
- 975,018
Held
- Vanguard Scottsdale FDSVCIT
- Share
- 0.2%
- Value
- $29m
- Shares
- 352,980
+10%
- Invesco Exch Traded FD TR IISPMO
- Share
- 0.2%
- Value
- $29m
- Shares
- 178,623
+25%
- American Centy ETF TRAVUV
- Share
- 0.2%
- Value
- $28m
- Shares
- 224,090
+7%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ishares TRIVV | 8.7% | $1.4bn | 1,853,765 | +58% |
| Ishares TRIUSB | 3.7% | $596m | 12,913,640 | +44% |
| Ishares TRIVW | 3.3% | $532m | 3,868,755 | Held |
| Blackrock ETF TrustDYNF | 3.3% | $523m | 7,687,097 | +3% |
| Ishares TRIVE | 2.6% | $411m | 1,811,031 | -18% |
| IsharesIEMG | 2.2% | $350m | 4,218,980 | -27% |
| Blackrock ETF TrustBAI | 1.8% | $280m | 5,319,125 | -15% |
| Ishares TREFV | 1.7% | $265m | 3,462,556 | -41% |
| Ishares TREFG | 1.7% | $264m | 2,125,557 | +4% |
| NvidiaNVDA | 1.4% | $222m | 1,111,322 | Held |
| Ishares TRMTUM | 1.4% | $219m | 639,938 | -11% |
| Dimensional ETF TrustDFAC | 1.2% | $186m | 4,201,813 | +9% |
| Blackrock ETF TrustBLCR | 1.2% | $186m | 3,684,774 | +7% |
| AppleAAPL | 1.1% | $177m | 613,031 | Held |
| Blackrock ETF TrustCORO | 1.0% | $157m | 4,299,492 | +23481% |
| Blackrock ETF TrustIDEF | 1.0% | $152m | 4,789,547 | New |
| Ishares TRGOVT | 0.9% | $149m | 6,553,412 | +11% |
| Blackrock ETF TrustTHRO | 0.9% | $147m | 3,406,641 | -31% |
| State STR Spdr S&P 500 ETF TSPY | 0.9% | $144m | 192,295 | New |
| Ishares TRMBB | 0.9% | $139m | 1,466,815 | +10% |
| Ishares TRTLH | 0.9% | $137m | 1,367,082 | -20% |
| Vanguard Index FDSVBR | 0.8% | $131m | 538,661 | +4% |
| Ishares TRMUB | 0.8% | $121m | 1,120,668 | +4% |
| Schwab Strategic TRSCHG | 0.7% | $118m | 3,491,855 | +2% |
| American Centy ETF TRAVUS | 0.7% | $117m | 914,760 | +13% |
| AlphabetGOOGL | 0.7% | $112m | 314,685 | +2% |
| Blackrock ETF TrustBDYN | 0.7% | $111m | 4,001,344 | +5% |
| MicrosoftMSFT | 0.7% | $111m | 297,053 | +2% |
| Dimensional ETF TrustDUHP | 0.7% | $110m | 2,647,486 | +7% |
| Dimensional ETF TrustDFIC | 0.7% | $110m | 2,957,764 | New |
| Blackrock ETF TrustIALT | 0.7% | $109m | 3,894,852 | New |
| Amazon.comAMZN | 0.7% | $106m | 445,205 | +3% |
| Spdr Series TrustSPYM | 0.6% | $100m | 1,138,392 | +3% |
| Vanguard Index FDSVB | 0.6% | $92m | 302,910 | +5% |
| Vanguard Specialized FundsVIG | 0.6% | $89m | 378,079 | +9% |
| Spdr Index SHS FDSSPDW | 0.5% | $87m | 1,730,145 | -3% |
| Blackrock ETF Trust IIGGOV | 0.5% | $86m | 1,705,355 | New |
| Vanguard Index FDSVTI | 0.5% | $80m | 214,927 | Held |
| BroadcomAVGO | 0.5% | $76m | 201,540 | Held |
| Ishares TRAGG | 0.4% | $68m | 691,853 | +5% |
| Dimensional ETF TrustDFIS | 0.4% | $65m | 1,853,826 | +7% |
| American Centy ETF TRAVLV | 0.4% | $64m | 706,032 | Held |
| Select Sector Spdr TRXLK | 0.4% | $62m | 327,896 | -14% |
| Blackrock ETF TrustBDVL | 0.4% | $60m | 2,306,714 | +6% |
| Meta PlatformsMETA | 0.4% | $60m | 106,211 | +7% |
| Vanguard Tax-Managed FDSVEA | 0.4% | $60m | 837,457 | -2% |
| Ishares TRLMUB | 0.4% | $60m | 1,163,887 | +5% |
| American Centy ETF TRAVEM | 0.4% | $59m | 613,449 | Held |
| JPMorgan ChaseJPM | 0.3% | $54m | 164,625 | +3% |
| TeslaTSLA | 0.3% | $53m | 125,184 | +3% |
| American Centy ETF TRAVDV | 0.3% | $52m | 508,290 | +6% |
| Micron TechnologyMU | 0.3% | $52m | 44,706 | +6% |
| AlphabetGOOG | 0.3% | $49m | 137,935 | New |
| Ishares TRQUAL | 0.3% | $49m | 221,923 | -80% |
| Vaneck ETF TrustSMH | 0.3% | $47m | 71,834 | +19% |
| Dimensional ETF TrustDIHP | 0.3% | $47m | 1,374,007 | +8% |
| Ishares Gold TRIAU | 0.3% | $46m | 606,122 | +4% |
| Vanguard Index FDSVOO | 0.3% | $45m | 65,769 | -3% |
| Ishares TRACWX | 0.3% | $44m | 584,590 | +9% |
| American Centy ETF TRAVLC | 0.3% | $43m | 480,400 | +13% |
| Dimensional ETF TrustDFSD | 0.3% | $43m | 903,188 | +17% |
| Eli LillyLLY | 0.3% | $43m | 35,602 | +11% |
| Dimensional ETF TrustDFAE | 0.3% | $41m | 1,013,493 | +7% |
| Select Sector Spdr TRXLF | 0.2% | $40m | 742,543 | -11% |
| Ishares TRIWF | 0.2% | $40m | 318,476 | New |
| Spdr Series TrustSPTM | 0.2% | $38m | 417,513 | Held |
| Cisco SystemsCSCO | 0.2% | $38m | 322,424 | +2% |
| Select Sector Spdr TRXLI | 0.2% | $38m | 202,997 | -10% |
| Spdr Index SHS FDSSPEM | 0.2% | $38m | 725,002 | +2% |
| American Centy ETF TRAVDE | 0.2% | $37m | 415,767 | +13% |
| Lam ResearchLRCX | 0.2% | $37m | 84,400 | +4% |
| Vanguard Index FDSVTV | 0.2% | $36m | 164,751 | +7% |
| Advanced Micro DevicesAMD | 0.2% | $36m | 61,723 | +16% |
| Invesco QQQ TRQQQ | 0.2% | $35m | 47,996 | +8% |
| Blackrock ETF Trust IIBINC | 0.2% | $35m | 675,214 | -58% |
| Ishares TRLQD | 0.2% | $35m | 321,974 | +6% |
| Ishares TRIEFA | 0.2% | $35m | 362,178 | -18% |
| CaterpillarCAT | 0.2% | $35m | 32,641 | +8% |
| Vaneck ETF TrustEMLC | 0.2% | $34m | 1,346,648 | +3% |
| Blackrock ETF TrustLCTU | 0.2% | $34m | 419,357 | -3% |
| Ishares TRESGU | 0.2% | $33m | 201,434 | -2% |
| Ishares TRIWB | 0.2% | $33m | 80,040 | -2% |
| Vanguard BD Index FDSBSV | 0.2% | $32m | 415,886 | +5% |
| Schwab Strategic TRSCHF | 0.2% | $32m | 1,165,387 | +6% |
| Ssga Active TRXLSR | 0.2% | $32m | 495,551 | Held |
| Vanguard Scottsdale FDSVGSH | 0.2% | $32m | 541,474 | +14% |
| J P Morgan Exchange Traded FBBUS | 0.2% | $32m | 233,818 | New |
| Berkshire HathawayBRK-B | 0.2% | $31m | 62,540 | -19% |
| WalmartWMT | 0.2% | $31m | 274,907 | -4% |
| VisaV | 0.2% | $31m | 90,012 | -9% |
| Invesco Exchange Traded FD TSPHQ | 0.2% | $31m | 340,277 | +1187% |
| Johnson & JohnsonJNJ | 0.2% | $30m | 119,431 | -3% |
| Taiwan Semiconductor ManufacturingTSM | 0.2% | $30m | 62,563 | Held |
| Blackrock ETF TrustBFLX | 0.2% | $30m | 1,164,317 | New |
| American Centy ETF TRAVIG | 0.2% | $29m | 708,154 | +12% |
| Spdr Series TrustSPTB | 0.2% | $29m | 975,018 | Held |
| Vanguard Scottsdale FDSVCIT | 0.2% | $29m | 352,980 | +10% |
| IntelINTC | 0.2% | $29m | 208,562 | -4% |
| Invesco Exch Traded FD TR IISPMO | 0.2% | $29m | 178,623 | +25% |
| American Centy ETF TRAVUV | 0.2% | $28m | 224,090 | +7% |
Showing the largest 100 of 1,776.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 47.3% since 30 June 2025.
Where the money is
Technology7.9%
Financial services3.1%
Industrials3.0%
Retail & consumer2.0%
Health care1.9%
Media & telecom1.9%
Everyday goods1.0%
Energy0.8%
Utilities0.5%
Materials0.5%
Real estate0.4%
Other77.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.