Level Financial Advisors

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 15, 2026), Level Financial Advisors reported 95 stock positions worth $447.5 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 14.4% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 7.7%) and Vanguard Short-Term Treasury (VGSH, 6.9%). Compared with Q1 2026, it opened 5 new positions, sold out of 2, added to 36 and reduced 32. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +21%) and the biggest sale Vanguard Long-Term Bond ETF (BLV, shares −5%).

Most Recent 13F
Q2 2026
Location
EAST AMHERST, NY
CIK
0001871734
Portfolio Value
$447.5M (Q2 2026)
SEC Filing
0001871734-26-000003 ↗ filed Jul 15, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $220.5M Q1 2024 Q2 2024: $230.8M Q2 2024 Q3 2024: $262.0M Q3 2024 Q4 2024: $272.5M Q4 2024 Q1 2025: $294.1M Q1 2025 Q2 2025: $321.4M Q2 2025 Q3 2025: $354.8M Q3 2025 Q4 2025: $378.2M Q4 2025 Q1 2026: $392.1M Q1 2026 Q2 2026: $447.5M $447.5M Q2 2026

Holdings 95 stocks · $447.5M
VOO Vanguard S&P 500 ETF 14.42% 93,946 $64.5M Add +2.3%
VEA Vanguard Ftse Developed ETF 7.73% 485,706 $34.6M Add +7.6%
VGSH Vanguard Short-Term Treasury 6.93% 532,912 $31.0M Add +4.3%
BSV Vanguard Short-Term Bond ETF 4.14% 237,879 $18.5M Add +4.9%
DUHP Dimensional US High Profi Et 4.06% 435,560 $18.2M Add +3.9%
DFGR Dim Global Real Estate ETF 4.00% 618,117 $17.9M Add +6.2%
DFEM Dimensional Emrg MRKT Core 3.67% 404,242 $16.4M Add +4.3%
VUG Vanguard Mrngstar GR ETF-Sui 3.41% 176,907 $15.2M Add +21.4%
DFIP Dimensional Inflation-Protec 3.34% 362,625 $15.0M Add +5.8%
VCSH Vanguard S/T Corp. Bond ETF 3.33% 188,449 $14.9M Add +2.3%
VMBS Vanguard Mortgage-Backed Sec 3.00% 287,255 $13.4M Add +10.3%
VTV Vanguard Mrngstr Val ETF-Aui 2.89% 59,363 $12.9M Add +15.3%
BNDX Vanguard Total Intl Bond ETF 2.77% 255,969 $12.4M Add +19.4%
DFLV Dim US Large Cap Value ETF 2.67% 302,324 $12.0M Add +4.0%
DFUV Dimensional US Marketwide Va 2.34% 190,210 $10.5M Reduce -1.5%
DFIS Dimensional International SM 2.24% 286,576 $10.0M Add +6.1%
AVRE Avantis Real Estate ETF 1.83% 173,162 $8.2M Reduce -0.1%
VTI VG Morningstar TS MKT ETF-US 1.83% 22,080 $8.2M Reduce -0.6%
VWO Vanguard Ftse Emerging Marke 1.58% 118,209 $7.1M Add +14.7%
AVSC Avantis US Small Cap Equity 1.52% 92,905 $6.8M Add +3.3%
AVEM Avantis Emerging Markets Eq 1.43% 66,122 $6.4M Reduce -1.6%
DFSV Dimensional US Small Cap Val 1.25% 143,779 $5.6M Add +4.0%
SHYG iShares 0-5 YR HY Corp. Bond 1.16% 122,620 $5.2M Add +1.8%
PG The Procter & Gamble Co. 1.13% 34,579 $5.1M Reduce -0.0%
DFAT Dimensional US Target Value 1.08% 69,302 $4.8M Add +0.3%
AVUV Avantis US Small Cap Value 0.81% 29,189 $3.6M Reduce -1.4%
DFAE Dimensional Emerging Core Eq 0.79% 88,314 $3.6M Reduce -5.8%
BLV Vanguard Long-Term Bond ETF 0.79% 51,081 $3.5M Reduce -4.8%
VB Vanguard Most SM-Cap ETF-Usd 0.75% 11,031 $3.3M Add +16.1%
BIV Vanguard Intermediate-Term B 0.72% 41,898 $3.2M Add +4.2%
DFSU Dimensional US Sus CORE1 ETF 0.70% 67,307 $3.1M Reduce -1.2%
LRCX Lam Research Corp. 0.68% 7,052 $3.1M No change
AVDE Avantis International Equity 0.65% 32,381 $2.9M Add +0.5%
AAPL Apple Inc. 0.54% 8,407 $2.4M Reduce -1.1%
QUAL iShares MSCI USA Quality Fac 0.50% 10,257 $2.3M No change
VSS Vanguard Ftse All Wo X-US SC 0.47% 13,712 $2.1M Reduce -1.9%
IWC iShares Micro-Cap ETF 0.44% 9,769 $2.0M Reduce -1.6%
VTIP Vanguard Short-Term Tips 0.39% 35,019 $1.8M Reduce -0.9%
NYF iShares New York Muni Bond E 0.39% 32,184 $1.7M Reduce -1.9%
DFSI Dimensional Int Sus COR1 ETF 0.35% 35,064 $1.6M Add +1.1%
VCEB Vanguard ESG US Corp. Bond 0.30% 21,461 $1.3M Reduce -16.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.30% 1,783 $1.3M Reduce -5.4%
LIN Linde PLC 0.30% 2,564 $1.3M Reduce -12.7%
UPS United Parcel Service Class B 0.29% 12,152 $1.3M Reduce -1.9%
NVDA Nvidia Corp. 0.27% 6,127 $1.2M Reduce -0.1%
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.26% 102,899 $1.2M Reduce -0.7%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.25% 4,553 $1.1M Reduce -1.2%
REET iShares Global REIT ETF 0.24% 39,505 $1.1M Reduce -1.4%
DFIV Dimensional International Va 0.24% 19,900 $1.1M Reduce -0.3%
AVDV Avantis Intl S/C Value ETF 0.23% 10,032 $1.0M Add +1.0%
GOOGL Alphabet Inc. Class A 0.21% 2,627 $939K Add +0.4%
SUSB iShares ESG Aware 1-5 Year U 0.20% 35,262 $881K Add +1.2%
MSFT Microsoft Corp. 0.19% 2,242 $836K No change
DFSB Dim GLB Sustain Fix Inc. ETF 0.18% 15,384 $802K Add +52.9%
ESGD iShares Trust iShares ESG Aw 0.18% 7,651 $787K Reduce -2.5%
BRK.B Berkshire Hathaway Inc. Class B 0.17% 1,524 $763K Reduce -23.0%
ILTB iShares Core 10+ Year Usd Bo 0.17% 15,014 $739K New
JPM JPMorgan Chase & Co. 0.16% 2,172 $711K Reduce -3.3%
DFGX Dimsnl Intr CF in ETF-Usd Inc. 0.16% 12,982 $696K Add +76.6%
AMZN Amazon.com Inc. 0.15% 2,895 $690K Reduce -0.0%
IVV iShares Core S&P 500 ETF 0.15% 892 $668K No change
AVLV Avantis US Large Cap Value 0.15% 7,256 $662K Add +3.2%
VONG Vanguard Russell 1000 Growth 0.13% 4,539 $580K Reduce -0.8%
NEE Nextera Energy Inc. 0.13% 6,494 $570K No change
ESGV Vanguard ESG US Stock ETF 0.12% 4,225 $559K No change
ITOT iShares Core S&P Total U.S. 0.12% 3,318 $545K Add +0.1%
LLY Eli Lilly & Co. 0.12% 447 $536K No change
AVSE Avantis Resp Emerg MKTS Eq-E 0.11% 6,174 $505K Add +0.0%
SUSC iShares ESG Aware Usd Corpor 0.11% 20,448 $473K New
META Meta Platforms Inc. Class A 0.10% 802 $452K Reduce -1.5%
DFSE Dimensional Em Sus CORE1 ETF 0.10% 8,715 $426K Add +1.1%
MTB M & T Bank Corp. filed as M & T BK CORP 0.09% 1,693 $403K Add +0.1%
NOC Northrop Grumman Corp. 0.09% 767 $391K No change
XOM Exxon Mobil Corp. 0.08% 2,721 $372K No change
ESGU iShares ESG Aware MSCI USA 0.08% 2,191 $359K No change
VSGX Vanguard ESG Intl Stock ETF 0.07% 3,965 $326K No change
GOOG Alphabet Inc. Class C 0.07% 902 $319K Reduce -23.2%
GE General Electric filed as GE AEROSPACE 0.07% 847 $317K No change
VIG Vanguard Dividend Apprec ETF 0.06% 1,228 $291K No change
IAGG iShares Intl Aggregate Bond 0.06% 5,700 $288K No change
DFNM Dimensional National Muni BD 0.06% 5,775 $279K No change
TSLA Tesla Inc. 0.06% 642 $270K No change
QQQ Invesco QQQ Trust Series 1 0.06% 362 $267K New
NFLX Netflix Inc. 0.06% 3,720 $266K No change
HD Home Depot Inc. 0.06% 745 $263K Reduce -0.7%
GEV GE Vernova Inc. 0.06% 222 $261K New
MOG.A Moog Inc. Class A 0.06% 585 $248K New
VNQ Vanguard Real Estate ETF 0.05% 2,531 $244K Reduce -9.0%
GNMA iShares Gnma Bond ETF 0.05% 5,504 $243K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.05% 4,771 $241K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.05% 1,187 $234K Add +0.1%
VTES Vanguard SH Term Tax-Ex Bond 0.05% 2,292 $232K No change
VONV Vanguard Russell 1000 Value 0.05% 2,162 $230K No change
CVX Chevron Corp. 0.05% 1,302 $216K Add +0.5%
FTNY FR New York Muni Inc. ETF 0.03% 15,162 $121K No change

Portfolio Sells Q1 2026 → Q2 2026
BLV Vanguard Long-Term Bond ETF Reduce -4.8% 0.79% −0.15
PG The Procter & Gamble Co. Reduce -0.0% 1.13% −0.14
AVRE Avantis Real Estate ETF Reduce -0.1% 1.83% −0.11
VCEB Vanguard ESG US Corp. Bond Reduce -16.0% 0.30% −0.11
LIN Linde PLC Reduce -12.7% 0.30% −0.07
BRK.B Berkshire Hathaway Inc. Class B Reduce -23.0% 0.17% −0.07
VTIP Vanguard Short-Term Tips Reduce -0.9% 0.39% −0.06
NYF iShares New York Muni Bond E Reduce -1.9% 0.39% −0.06
BA The Boeing Co. Sold out 0.00% −0.05
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% −0.05
DFUV Dimensional US Marketwide Va Reduce -1.5% 2.34% −0.05
VSS Vanguard Ftse All Wo X-US SC Reduce -1.9% 0.47% −0.05
DFIV Dimensional International Va Reduce -0.3% 0.24% −0.03
AVUV Avantis US Small Cap Value Reduce -1.4% 0.81% −0.02
UPS United Parcel Service Class B Reduce -1.9% 0.29% −0.02
META Meta Platforms Inc. Class A Reduce -1.5% 0.10% −0.02
DFAE Dimensional Emerging Core Eq Reduce -5.8% 0.79% −0.02
ESGD iShares Trust iShares ESG Aw Reduce -2.5% 0.18% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -5.4% 0.30% −0.01
GOOG Alphabet Inc. Class C Reduce -23.2% 0.07% −0.01
REET iShares Global REIT ETF Reduce -1.4% 0.24% −0.01
DFSU Dimensional US Sus CORE1 ETF Reduce -1.2% 0.70% −0.01
VGSR Vert GLB Sust Re ETF Reduce -0.7% 0.26% −0.01
JPM JPMorgan Chase & Co. Reduce -3.3% 0.16% −0.01
VNQ Vanguard Real Estate ETF Reduce -9.0% 0.05% −0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -1.2% 0.25% −0.01
AAPL Apple Inc. Reduce -1.1% 0.54% −0.01
HD Home Depot Inc. Reduce -0.7% 0.06% −0.00
AMZN Amazon.com Inc. Reduce -0.0% 0.15% +0.00
NVDA Nvidia Corp. Reduce -0.1% 0.27% +0.00
VONG Vanguard Russell 1000 Growth Reduce -0.8% 0.13% +0.00
VTI VG Morningstar TS MKT ETF-US Reduce -0.6% 1.83% +0.01
IWC iShares Micro-Cap ETF Reduce -1.6% 0.44% +0.03
AVEM Avantis Emerging Markets Eq Reduce -1.6% 1.43% +0.04

Portfolio Buys Q1 2026 → Q2 2026
VUG Vanguard Mrngstar GR ETF-Sui Add +21.4% 3.41% +0.70
VOO Vanguard S&P 500 ETF Add +2.3% 14.42% +0.42
VEA Vanguard Ftse Developed ETF Add +7.6% 7.73% +0.35
VTV Vanguard Mrngstr Val ETF-Aui Add +15.3% 2.89% +0.31
DFEM Dimensional Emrg MRKT Core Add +4.3% 3.67% +0.25
ILTB iShares Core 10+ Year Usd Bo New 0.17% +0.17
VWO Vanguard Ftse Emerging Marke Add +14.7% 1.58% +0.16
BNDX Vanguard Total Intl Bond ETF Add +19.4% 2.77% +0.14
DUHP Dimensional US High Profi Et Add +3.9% 4.06% +0.13
VB Vanguard Most SM-Cap ETF-Usd Add +16.1% 0.75% +0.11
SUSC iShares ESG Aware Usd Corpor New 0.11% +0.11
AVSC Avantis US Small Cap Equity Add +3.3% 1.52% +0.09
QQQ Invesco QQQ Trust Series 1 New 0.06% +0.06
GEV GE Vernova Inc. New 0.06% +0.06
DFGX Dimsnl Intr CF in ETF-Usd Inc. Add +76.6% 0.16% +0.06
MOG.A Moog Inc. Class A New 0.06% +0.06
DFGR Dim Global Real Estate ETF Add +6.2% 4.00% +0.05
DFSB Dim GLB Sustain Fix Inc. ETF Add +52.9% 0.18% +0.05
DFLV Dim US Large Cap Value ETF Add +4.0% 2.67% +0.02
GOOGL Alphabet Inc. Class A Add +0.4% 0.21% +0.02
DFSV Dimensional US Small Cap Val Add +4.0% 1.25% +0.01
AVSE Avantis Resp Emerg MKTS Eq-E Add +0.0% 0.11% +0.01
AVLV Avantis US Large Cap Value Add +3.2% 0.15% +0.00
DFSE Dimensional Em Sus CORE1 ETF Add +1.1% 0.10% +0.00
ITOT iShares Core S&P Total U.S. Add +0.1% 0.12% +0.00
MTB M & T Bank Corp. Add +0.1% 0.09% +0.00
VOE Vngrd Mrngstr MD-Cap Val ETF Add +0.1% 0.05% −0.00
DFAT Dimensional US Target Value Add +0.3% 1.08% −0.02
CVX Chevron Corp. Add +0.5% 0.05% −0.02
DFSI Dimensional Int Sus COR1 ETF Add +1.1% 0.35% −0.02
AVDV Avantis Intl S/C Value ETF Add +1.0% 0.23% −0.02
SUSB iShares ESG Aware 1-5 Year U Add +1.2% 0.20% −0.03
AVDE Avantis International Equity Add +0.5% 0.65% −0.05
BIV Vanguard Intermediate-Term B Add +4.2% 0.72% −0.07
DFIS Dimensional International SM Add +6.1% 2.24% −0.08
VMBS Vanguard Mortgage-Backed Sec Add +10.3% 3.00% −0.11
SHYG iShares 0-5 YR HY Corp. Bond Add +1.8% 1.16% −0.14
DFIP Dimensional Inflation-Protec Add +5.8% 3.34% −0.30
BSV Vanguard Short-Term Bond ETF Add +4.9% 4.14% −0.39
VCSH Vanguard S/T Corp. Bond ETF Add +2.3% 3.33% −0.40
VGSH Vanguard Short-Term Treasury Add +4.3% 6.93% −0.70

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 95$447.5MVOO, VEA, VGSH, BSV, DUHP
Q1 2026 92$392.1MVOO, VGSH, VEA, BSV, DFGR
Q4 2025 95$378.2MVOO, VGSH, VEA, BSV, DUHP
Q3 2025 94$354.8MVOO, VGSH, VEA, BSV, DUHP
Q2 2025 90$321.4MVOO, VGSH, VEA, BSV, DUHP
Q1 2025 85$294.1MVOO, VGSH, VEA, BSV, VCSH
Q4 2024 79$272.5MVOO, VGSH, VEA, BSV, VCSH
Q3 2024 75$262.0MVOO, VGSH, VEA, BSV, VCSH
Q2 2024 67$230.8MVOO, VGSH, VEA, BSV, VCSH
Q1 2024 72$220.5MVOO, VGSH, VEA, BSV, VCSH