Level Financial Advisors
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 19, 2024), Level Financial Advisors reported 72 stock positions worth $220.5 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 21.0% of the portfolio, followed by Vanguard Short-Term Treasury (VGSH, 9.6%) and Vanguard Ftse Developed ETF (VEA, 7.1%). Compared with Q4 2023, it opened 1 new position, sold out of 202, added to 27 and reduced 32. The biggest buy was Dimensional US High Profi Et (DUHP, shares +39%) and the biggest sale Avantis Real Estate ETF (AVRE, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- EAST AMHERST, NY
- CIK
- 0001871734
- Portfolio Value
- $220.5M (Q1 2024)
- SEC Filing
- 0001871734-24-000004 ↗ filed Apr 19, 2024
Holdings Value
Holdings 72 stocks · $220.5M
| VOO Vanguard S&P 500 ETF | 21.03% | 96,424 | $46.4M | Reduce -1.6% |
| VGSH Vanguard Short-Term Treasury | 9.62% | 365,311 | $21.2M | Add +9.9% |
| VEA Vanguard Ftse Developed ETF | 7.09% | 311,407 | $15.6M | Add +3.0% |
| BSV Vanguard Short-Term Bond ETF | 5.58% | 160,550 | $12.3M | Add +0.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 4.98% | 141,975 | $11.0M | Add +14.3% |
| DFUV Dimensional US Marketwide Va | 3.87% | 208,713 | $8.5M | Reduce -0.1% |
| DUHP Dimensional US High Profi Et | 3.42% | 238,211 | $7.5M | Add +38.5% |
| VMBS Vanguard Mortgage-Backed Sec | 3.20% | 154,662 | $7.1M | Add +15.5% |
| AVRE Avantis Real Estate ETF | 3.01% | 156,800 | $6.6M | Reduce -1.3% |
| DFGR Dim Global Real Estate ETF | 2.27% | 196,237 | $5.0M | Add +72.6% |
| VTI VG Morningstar TS MKT ETF-US | 2.16% | 18,290 | $4.8M | Reduce -0.8% |
| SHYG iShares 0-5 YR HY Corp. Bond | 2.14% | 110,688 | $4.7M | Add +5.0% |
| DFAT Dimensional US Target Value | 1.86% | 75,368 | $4.1M | Reduce -2.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.67% | 22,592 | $3.7M | Reduce -4.6% |
| DFAE Dimensional Emerging Core Eq | 1.55% | 138,417 | $3.4M | Reduce -7.5% |
| AVEM Avantis Emerging Markets Eq | 1.48% | 56,326 | $3.3M | Add +10.4% |
| DFIP Dimensional Inflation-Protec | 1.48% | 79,060 | $3.3M | Add +130.2% |
| BNDX Vanguard Total Intl Bond ETF | 1.42% | 63,840 | $3.1M | Add +9.2% |
| AVUV Avantis US Small Cap Value | 1.32% | 31,003 | $2.9M | Reduce -12.6% |
| DFEM Dimensional Emrg MRKT Core | 1.30% | 112,654 | $2.9M | Add +193.0% |
| VSS Vanguard Ftse All Wo X-US SC | 1.28% | 24,195 | $2.8M | Reduce -9.8% |
| VTIP Vanguard Short-Term Tips | 1.02% | 46,742 | $2.2M | Reduce -7.0% |
| NYF iShares New York Muni Bond E | 0.97% | 39,745 | $2.1M | Reduce -16.9% |
| XOM Exxon Mobil Corp. | 0.87% | 16,489 | $1.9M | No change |
| QUAL iShares MSCI USA Quality Fac | 0.82% | 11,048 | $1.8M | Reduce -1.2% |
| DFLV Dim US Large Cap Value ETF | 0.82% | 60,497 | $1.8M | Add +110.2% |
| VWO Vanguard Ftse Emerging Marke | 0.76% | 39,877 | $1.7M | Reduce -3.9% |
| DFIS Dimensional International SM | 0.75% | 65,753 | $1.6M | Add +134.9% |
| AAPL Apple Inc. | 0.69% | 8,837 | $1.5M | Reduce -2.2% |
| IWC iShares Micro-Cap ETF | 0.66% | 12,067 | $1.5M | Reduce -3.1% |
| DFSU Dimensional US Sus CORE1 ETF | 0.62% | 39,913 | $1.4M | Add +1259.0% |
| AVSC Avantis US Small Cap Equity | 0.59% | 24,940 | $1.3M | Add +59.0% |
| REET iShares Global REIT ETF | 0.58% | 53,551 | $1.3M | Reduce -3.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.57% | 6,529 | $1.3M | Reduce -3.6% |
| MSFT Microsoft Corp. | 0.53% | 2,766 | $1.2M | Reduce -8.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.51% | 3,276 | $1.1M | Add +31.0% |
| DFSV Dimensional US Small Cap Val | 0.49% | 36,009 | $1.1M | Add +258.6% |
| AVDE Avantis International Equity | 0.45% | 15,537 | $990K | Reduce -1.6% |
| VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS | 0.42% | 94,254 | $924K | Reduce -1.3% |
| VCEB Vanguard ESG US Corp. Bond | 0.36% | 12,813 | $804K | Reduce -14.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 1,903 | $800K | No change |
| DFIV Dimensional International Va | 0.35% | 21,230 | $780K | Reduce -0.1% |
| SUSB iShares ESG Aware 1-5 Year U | 0.33% | 29,920 | $732K | Add +4.3% |
| ESGD iShares Trust iShares ESG Aw | 0.33% | 9,101 | $727K | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 0.28% | 4,111 | $620K | Reduce -6.3% |
| AVDV Avantis Intl S/C Value ETF | 0.28% | 9,375 | $617K | Reduce -0.4% |
| AMZN Amazon.com Inc. | 0.27% | 3,244 | $585K | No change |
| ESGU iShares ESG Aware MSCI USA | 0.24% | 4,523 | $520K | No change |
| NEE Nextera Energy Inc. | 0.21% | 7,080 | $452K | Add +0.0% |
| ESGV Vanguard ESG US Stock ETF | 0.19% | 4,586 | $427K | Reduce -10.7% |
| JPM JPMorgan Chase & Co. | 0.18% | 2,023 | $405K | Reduce -3.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.18% | 7,839 | $397K | Add +3.6% |
| NOC Northrop Grumman Corp. | 0.17% | 805 | $385K | No change |
| DFSI Dimensional Int Sus COR1 ETF | 0.17% | 11,129 | $375K | Add +2069.4% |
| NFLX Netflix Inc. | 0.16% | 581 | $353K | Reduce -9.9% |
| NVDA Nvidia Corp. | 0.15% | 359 | $324K | Add +16.2% |
| ITOT iShares Core S&P Total U.S. | 0.14% | 2,733 | $315K | No change |
| DFSB Dim GLB Sustain Fix Inc. ETF | 0.14% | 5,990 | $310K | Add +37.2% |
| SUSC iShares ESG Aware Usd Corpor | 0.14% | 13,194 | $303K | Reduce -1.5% |
| META Meta Platforms Inc. Class A | 0.14% | 624 | $303K | No change |
| LLY Eli Lilly & Co. | 0.13% | 378 | $294K | No change |
| VSGX Vanguard ESG Intl Stock ETF | 0.13% | 4,929 | $283K | No change |
| GNMA iShares Gnma Bond ETF | 0.13% | 6,485 | $281K | Reduce -17.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.12% | 511 | $267K | No change |
| BIV Vanguard Intermediate-Term B | 0.12% | 3,487 | $263K | Add +31.4% |
| GE General Electric | 0.12% | 1,489 | $261K | Reduce -0.1% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.12% | 5,230 | $257K | Add +0.4% |
| GBTC Grayscale Bitcoin Trust ETF | 0.12% | 4,041 | $255K | New |
| VB Vanguard Most SM-Cap ETF-Usd | 0.11% | 1,024 | $234K | Add +36.0% |
| VTES Vanguard SH Term Tax-Ex Bond | 0.10% | 2,292 | $231K | No change |
| UPS United Parcel Service Class B | 0.09% | 1,400 | $208K | No change |
| GOOG Alphabet Inc. Class C | 0.09% | 1,360 | $207K | Reduce -6.8% |
Portfolio Sells Q4 2023 → Q1 2024
| AVRE Avantis Real Estate ETF | Reduce -1.3% | 3.01% | −0.40 |
| NYF iShares New York Muni Bond E | Reduce -16.9% | 0.97% | −0.31 |
| AVUV Avantis US Small Cap Value | Reduce -12.6% | 1.32% | −0.26 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -9.8% | 1.28% | −0.24 |
| DFAE Dimensional Emerging Core Eq | Reduce -7.5% | 1.55% | −0.23 |
| AAPL Apple Inc. | Reduce -2.2% | 0.69% | −0.17 |
| VTIP Vanguard Short-Term Tips | Reduce -7.0% | 1.02% | −0.17 |
| DFAT Dimensional US Target Value | Reduce -2.1% | 1.86% | −0.13 |
| VOO Vanguard S&P 500 ETF | Reduce -1.6% | 21.03% | −0.13 |
| VCEB Vanguard ESG US Corp. Bond | Reduce -14.8% | 0.36% | −0.11 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.9% | 0.76% | −0.09 |
| REET iShares Global REIT ETF | Reduce -3.3% | 0.58% | −0.09 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Sold out | 0.00% | −0.09 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.08 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -4.6% | 1.67% | −0.08 |
| AVLV Avantis US Large Cap Value | Sold out | 0.00% | −0.08 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.08 |
| SJNK SS SPDR BB St Hi Yield ETF | Sold out | 0.00% | −0.08 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Sold out | 0.00% | −0.08 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.07 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.06 |
| BLV Vanguard Long-Term Bond ETF | Sold out | 0.00% | −0.06 |
| HES Hess Corp. | Sold out | 0.00% | −0.06 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.05 |
| NFG National Fuel Gas Co. | Sold out | 0.00% | −0.05 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.05 |
| IWC iShares Micro-Cap ETF | Reduce -3.1% | 0.66% | −0.05 |
| VGSR Vert GLB Sust Re ETF | Reduce -1.3% | 0.42% | −0.05 |
| DFUS Dimensional US Eq MKT ETF | Sold out | 0.00% | −0.05 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.05 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.05 |
| GNMA iShares Gnma Bond ETF | Reduce -17.9% | 0.13% | −0.05 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.04 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.04 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.04 |
| MOG.A Moog Inc. Class A | Sold out | 0.00% | −0.04 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.04 |
| WTW Willis Towers Watson PLC | Sold out | 0.00% | −0.04 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.04 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.04 |
| DFAS Dimensional US Small Cap ETF | Sold out | 0.00% | −0.04 |
| MSFT Microsoft Corp. | Reduce -8.7% | 0.53% | −0.04 |
| IXUS iShares Core Intl Stock ETF | Sold out | 0.00% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -3.6% | 0.57% | −0.03 |
| L Loews Corp. | Sold out | 0.00% | −0.03 |
| BA The Boeing Co. | Sold out | 0.00% | −0.03 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.03 |
| SCHA Schwab US Small-Cap ETF | Sold out | 0.00% | −0.03 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| DUHP Dimensional US High Profi Et | Add +38.5% | 3.42% | +0.98 |
| DFEM Dimensional Emrg MRKT Core | Add +193.0% | 1.30% | +0.83 |
| DFGR Dim Global Real Estate ETF | Add +72.6% | 2.27% | +0.81 |
| DFIP Dimensional Inflation-Protec | Add +130.2% | 1.48% | +0.78 |
| DFSU Dimensional US Sus CORE1 ETF | Add +1259.0% | 0.62% | +0.58 |
| DFLV Dim US Large Cap Value ETF | Add +110.2% | 0.82% | +0.44 |
| DFIS Dimensional International SM | Add +134.9% | 0.75% | +0.41 |
| DFSV Dimensional US Small Cap Val | Add +258.6% | 0.49% | +0.35 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +14.3% | 4.98% | +0.23 |
| AVSC Avantis US Small Cap Equity | Add +59.0% | 0.59% | +0.20 |
| DFSI Dimensional Int Sus COR1 ETF | Add +2069.4% | 0.17% | +0.16 |
| VMBS Vanguard Mortgage-Backed Sec | Add +15.5% | 3.20% | +0.13 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +31.0% | 0.51% | +0.13 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.12% | +0.12 |
| NVDA Nvidia Corp. | Add +16.2% | 0.15% | +0.07 |
| AVEM Avantis Emerging Markets Eq | Add +10.4% | 1.48% | +0.06 |
| VGSH Vanguard Short-Term Treasury | Add +9.9% | 9.62% | +0.04 |
| DFSB Dim GLB Sustain Fix Inc. ETF | Add +37.2% | 0.14% | +0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +36.0% | 0.11% | +0.03 |
| BIV Vanguard Intermediate-Term B | Add +31.4% | 0.12% | +0.02 |
| BNDX Vanguard Total Intl Bond ETF | Add +9.2% | 1.42% | −0.00 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Add +0.4% | 0.12% | −0.01 |
| NEE Nextera Energy Inc. | Add +0.0% | 0.21% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +3.6% | 0.18% | −0.01 |
| SUSB iShares ESG Aware 1-5 Year U | Add +4.3% | 0.33% | −0.01 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +5.0% | 2.14% | −0.06 |
| VEA Vanguard Ftse Developed ETF | Add +3.0% | 7.09% | −0.07 |
| BSV Vanguard Short-Term Bond ETF | Add +0.1% | 5.58% | −0.53 |
Notes & Other Activity Q4 2023 → Q1 2024
| LMT Lockheed Martin Corp. | COM | Sold out | 0 | $126before exit |
| ADP Automatic Data Processing | COM | Sold out | 0 | $92before exit |
| IYR iShares US Real Estate ETF | U.S. REAL ES ETF | Sold out | 0 | $34before exit |
| EXC Exelon Corp. | COM | Sold out | 0 | $16before exit |
| TMO Thermo Fisher Scientific Inc. | COM | Sold out | 0 | $16before exit |
| XLI SS Industrial Select Sector | ST STR INDL ETF | Sold out | 0 | $2before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 95 | $447.5M | VOO, VEA, VGSH, BSV, DUHP |
| Q1 2026 | 92 | $392.1M | VOO, VGSH, VEA, BSV, DFGR |
| Q4 2025 | 95 | $378.2M | VOO, VGSH, VEA, BSV, DUHP |
| Q3 2025 | 94 | $354.8M | VOO, VGSH, VEA, BSV, DUHP |
| Q2 2025 | 90 | $321.4M | VOO, VGSH, VEA, BSV, DUHP |
| Q1 2025 | 85 | $294.1M | VOO, VGSH, VEA, BSV, VCSH |
| Q4 2024 | 79 | $272.5M | VOO, VGSH, VEA, BSV, VCSH |
| Q3 2024 | 75 | $262.0M | VOO, VGSH, VEA, BSV, VCSH |
| Q2 2024 | 67 | $230.8M | VOO, VGSH, VEA, BSV, VCSH |
| Q1 2024 | 72 | $220.5M | VOO, VGSH, VEA, BSV, VCSH |