Level Financial Advisors

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 15, 2025), Level Financial Advisors reported 90 stock positions worth $321.4 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 15.7% of the portfolio, followed by Vanguard Short-Term Treasury (VGSH, 7.7%) and Vanguard Ftse Developed ETF (VEA, 7.1%). Compared with Q1 2025, it opened 6 new positions, sold out of 1, added to 43 and reduced 27. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +36%) and the biggest sale Vanguard Short-Term Treasury (VGSH, shares −1%).

Most Recent 13F
Q2 2026
Location
EAST AMHERST, NY
CIK
0001871734
Portfolio Value
$321.4M (Q2 2025)
SEC Filing
0001871734-25-000003 ↗ filed Jul 15, 2025

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 $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 Q2 2026

Holdings 90 stocks · $321.4M
VOO Vanguard S&P 500 ETF 15.74% 89,045 $50.6M Reduce -1.5%
VGSH Vanguard Short-Term Treasury 7.67% 419,170 $24.6M Reduce -0.8%
VEA Vanguard Ftse Developed ETF 7.13% 402,018 $22.9M Add +0.9%
BSV Vanguard Short-Term Bond ETF 4.70% 191,992 $15.1M Add +6.5%
DUHP Dimensional US High Profi Et 4.02% 363,744 $12.9M Add +1.2%
VCSH Vanguard S/T Corp. Bond ETF 3.98% 160,909 $12.8M Add +0.7%
DFGR Dim Global Real Estate ETF 3.56% 426,776 $11.5M Add +3.7%
VMBS Vanguard Mortgage-Backed Sec 2.99% 207,228 $9.6M Add +5.7%
DFUV Dimensional US Marketwide Va 2.63% 199,691 $8.4M Reduce -0.2%
DFIP Dimensional Inflation-Protec 2.60% 199,579 $8.3M Add +6.6%
DFEM Dimensional Emrg MRKT Core 2.52% 272,985 $8.1M Add +8.4%
VTV Vanguard Mrngstr Val ETF-Aui 2.48% 45,014 $8.0M Add +16.3%
VUG Vanguard Mrngstar GR ETF-Sui 2.34% 17,146 $7.5M Add +36.4%
BNDX Vanguard Total Intl Bond ETF 2.19% 142,332 $7.0M Add +20.9%
AVRE Avantis Real Estate ETF 2.16% 157,087 $6.9M Reduce -0.4%
DFLV Dim US Large Cap Value ETF 2.10% 217,854 $6.8M Add +0.9%
VTI VG Morningstar TS MKT ETF-US 2.02% 21,359 $6.5M Add +12.8%
DFIS Dimensional International SM 1.83% 197,207 $5.9M Add +15.0%
PG The Procter & Gamble Co. 1.81% 36,472 $5.8M Add +0.0%
SHYG iShares 0-5 YR HY Corp. Bond 1.50% 111,946 $4.8M Reduce -6.4%
AVEM Avantis Emerging Markets Eq 1.45% 67,756 $4.6M Add +1.8%
VWO Vanguard Ftse Emerging Marke 1.23% 80,049 $4.0M Add +14.0%
DFAT Dimensional US Target Value 1.18% 70,106 $3.8M Reduce -2.7%
AVSC Avantis US Small Cap Equity 1.06% 66,326 $3.4M Add +9.0%
BLV Vanguard Long-Term Bond ETF 1.01% 46,773 $3.3M Add +9.3%
DFAE Dimensional Emerging Core Eq 0.88% 97,391 $2.8M Reduce -10.6%
AVUV Avantis US Small Cap Value 0.86% 30,249 $2.8M Add +16.1%
DFSV Dimensional US Small Cap Val 0.85% 92,765 $2.7M Add +0.6%
DFSU Dimensional US Sus CORE1 ETF 0.75% 61,734 $2.4M Add +6.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.74% 3,825 $2.4M Reduce -3.1%
AVDE Avantis International Equity 0.70% 30,411 $2.3M Add +22.1%
VSS Vanguard Ftse All Wo X-US SC 0.66% 15,721 $2.1M Reduce -12.5%
NYF iShares New York Muni Bond E 0.65% 39,770 $2.1M Add +11.6%
VTIP Vanguard Short-Term Tips 0.60% 38,359 $1.9M Reduce -3.9%
QUAL iShares MSCI USA Quality Fac 0.57% 10,090 $1.8M Reduce -4.1%
BIV Vanguard Intermediate-Term B 0.56% 23,096 $1.8M Add +24.5%
AAPL Apple Inc. 0.55% 8,611 $1.8M Reduce -2.6%
VB Vanguard Most SM-Cap ETF-Usd 0.51% 6,929 $1.6M Add +40.8%
MSFT Microsoft Corp. 0.41% 2,680 $1.3M Add +0.8%
XOM Exxon Mobil Corp. 0.39% 11,611 $1.3M Add +0.0%
UPS United Parcel Service Class B 0.39% 12,382 $1.2M No change
IWC iShares Micro-Cap ETF 0.37% 9,368 $1.2M Reduce -7.3%
DFSI Dimensional Int Sus COR1 ETF 0.37% 30,226 $1.2M Add +12.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.35% 5,798 $1.1M Reduce -3.6%
VCEB Vanguard ESG US Corp. Bond 0.35% 17,806 $1.1M Reduce -1.5%
BRK.B Berkshire Hathaway Inc. Class B 0.32% 2,135 $1.0M Add +0.7%
REET iShares Global REIT ETF 0.32% 41,840 $1.0M Reduce -15.5%
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.32% 98,584 $1.0M Add +2.4%
SUSB iShares ESG Aware 1-5 Year U 0.28% 36,186 $911K Reduce -2.1%
DFIV Dimensional International Va 0.28% 20,981 $899K Reduce -0.7%
ESGD iShares Trust iShares ESG Aw 0.25% 9,067 $809K No change
AVDV Avantis Intl S/C Value ETF 0.25% 10,018 $794K Reduce -5.0%
NVDA Nvidia Corp. 0.23% 4,756 $751K No change
AGG iShares Core U.S. Aggregate 0.23% 7,570 $751K No change
AMZN Amazon.com Inc. 0.20% 2,893 $635K Add +1.4%
ESGU iShares ESG Aware MSCI USA 0.19% 4,433 $600K No change
IVV iShares Core S&P 500 ETF 0.18% 930 $578K No change
META Meta Platforms Inc. Class A 0.17% 756 $558K Reduce -2.3%
VNQ Vanguard Real Estate ETF 0.17% 6,160 $549K Reduce -2.0%
JPM JPMorgan Chase & Co. 0.16% 1,728 $501K No change
NFLX Netflix Inc. 0.15% 371 $497K Reduce -3.9%
SCHJ Schwab 1-5 YR Corp. BND ETF 0.15% 19,901 $494K No change
GOOGL Alphabet Inc. Class A 0.15% 2,737 $482K No change
NEE Nextera Energy Inc. 0.15% 6,750 $469K No change
ESGV Vanguard ESG US Stock ETF 0.14% 4,225 $463K Add +0.1%
ITOT iShares Core S&P Total U.S. 0.14% 3,311 $447K Add +0.0%
AVLV Avantis US Large Cap Value 0.14% 6,537 $446K Add +20.7%
DFSB Dim GLB Sustain Fix Inc. ETF 0.13% 8,241 $432K Reduce -6.7%
NOC Northrop Grumman Corp. 0.12% 783 $391K Reduce -2.9%
LLY Eli Lilly & Co. 0.11% 458 $357K Reduce -0.4%
GBTC Grayscale Bitcoin Trust ETF 0.11% 4,041 $343K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.11% 1,741 $338K Reduce -0.2%
AVSE Avantis Resp Emerg MKTS Eq-E 0.10% 5,611 $329K Add +0.2%
SUSC iShares ESG Aware Usd Corpor 0.10% 13,190 $306K Add +2.1%
DFSE Dimensional Em Sus CORE1 ETF 0.09% 7,996 $304K Add +8.4%
VSGX Vanguard ESG Intl Stock ETF 0.09% 4,612 $302K No change
IAGG iShares Intl Aggregate Bond 0.09% 5,666 $289K Add +3.2%
DFNM Dimensional National Muni BD 0.09% 5,775 $274K New
GNMA iShares Gnma Bond ETF 0.08% 5,893 $259K Add +5.3%
GE General Electric filed as GE AEROSPACE 0.08% 981 $253K New
GOOG Alphabet Inc. Class C 0.08% 1,400 $248K Add +2.9%
VONG Vanguard Russell 1000 Growth 0.08% 2,274 $248K New
VTES Vanguard SH Term Tax-Ex Bond 0.07% 2,292 $231K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 782 $231K New
VIG Vanguard Dividend Apprec ETF 0.07% 1,118 $229K No change
BA The Boeing Co. 0.07% 1,082 $227K New
CVX Chevron Corp. 0.07% 1,577 $226K Add +0.1%
HD Home Depot Inc. 0.07% 600 $220K Add +0.3%
VTEB Vanguard Tax-Exempt Bond ETF 0.07% 4,460 $219K Reduce -45.7%
TSLA Tesla Inc. 0.07% 674 $214K New

Portfolio Sells Q1 2025 → Q2 2025
VGSH Vanguard Short-Term Treasury Reduce -0.8% 7.67% −0.77
SHYG iShares 0-5 YR HY Corp. Bond Reduce -6.4% 1.50% −0.23
DFUV Dimensional US Marketwide Va Reduce -0.2% 2.63% −0.18
AVRE Avantis Real Estate ETF Reduce -0.4% 2.16% −0.15
MOG.B Moog Inc. Class B Sold out 0.00% −0.13
AAPL Apple Inc. Reduce -2.6% 0.55% −0.12
REET iShares Global REIT ETF Reduce -15.5% 0.32% −0.09
DFAT Dimensional US Target Value Reduce -2.7% 1.18% −0.08
DFAE Dimensional Emerging Core Eq Reduce -10.6% 0.88% −0.08
VTIP Vanguard Short-Term Tips Reduce -3.9% 0.60% −0.08
VTEB Vanguard Tax-Exempt Bond ETF Reduce -45.7% 0.07% −0.07
VOO Vanguard S&P 500 ETF Reduce -1.5% 15.74% −0.05
VSS Vanguard Ftse All Wo X-US SC Reduce -12.5% 0.66% −0.05
QUAL iShares MSCI USA Quality Fac Reduce -4.1% 0.57% −0.04
VCEB Vanguard ESG US Corp. Bond Reduce -1.5% 0.35% −0.04
SUSB iShares ESG Aware 1-5 Year U Reduce -2.1% 0.28% −0.03
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -3.6% 0.35% −0.03
VNQ Vanguard Real Estate ETF Reduce -2.0% 0.17% −0.02
DFSB Dim GLB Sustain Fix Inc. ETF Reduce -6.7% 0.13% −0.02
NOC Northrop Grumman Corp. Reduce -2.9% 0.12% −0.02
LLY Eli Lilly & Co. Reduce -0.4% 0.11% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.1% 0.74% −0.02
IWC iShares Micro-Cap ETF Reduce -7.3% 0.37% −0.01
DFIV Dimensional International Va Reduce -0.7% 0.28% −0.00
AVDV Avantis Intl S/C Value ETF Reduce -5.0% 0.25% −0.00
MTB M & T Bank Corp. Reduce -0.2% 0.11% −0.00
META Meta Platforms Inc. Class A Reduce -2.3% 0.17% +0.02
NFLX Netflix Inc. Reduce -3.9% 0.15% +0.03

Portfolio Buys Q1 2025 → Q2 2025
VUG Vanguard Mrngstar GR ETF-Sui Add +36.4% 2.34% +0.75
DFIS Dimensional International SM Add +15.0% 1.83% +0.32
DFEM Dimensional Emrg MRKT Core Add +8.4% 2.52% +0.26
VTI VG Morningstar TS MKT ETF-US Add +12.8% 2.02% +0.25
VEA Vanguard Ftse Developed ETF Add +0.9% 7.13% +0.25
BNDX Vanguard Total Intl Bond ETF Add +20.9% 2.19% +0.24
VTV Vanguard Mrngstr Val ETF-Aui Add +16.3% 2.48% +0.20
VWO Vanguard Ftse Emerging Marke Add +14.0% 1.23% +0.15
VB Vanguard Most SM-Cap ETF-Usd Add +40.8% 0.51% +0.14
AVDE Avantis International Equity Add +22.1% 0.70% +0.14
AVUV Avantis US Small Cap Value Add +16.1% 0.86% +0.09
DFNM Dimensional National Muni BD New 0.09% +0.09
AVEM Avantis Emerging Markets Eq Add +1.8% 1.45% +0.08
GE General Electric New 0.08% +0.08
VONG Vanguard Russell 1000 Growth New 0.08% +0.08
MSFT Microsoft Corp. Add +0.8% 0.41% +0.08
BIV Vanguard Intermediate-Term B Add +24.5% 0.56% +0.07
IBM Intl Business Machines Corp. New 0.07% +0.07
BA The Boeing Co. New 0.07% +0.07
TSLA Tesla Inc. New 0.07% +0.07
AVSC Avantis US Small Cap Equity Add +9.0% 1.06% +0.06
DFSI Dimensional Int Sus COR1 ETF Add +12.5% 0.37% +0.05
DFSU Dimensional US Sus CORE1 ETF Add +6.5% 0.75% +0.05
AVLV Avantis US Large Cap Value Add +20.7% 0.14% +0.02
AMZN Amazon.com Inc. Add +1.4% 0.20% +0.01
DFSE Dimensional Em Sus CORE1 ETF Add +8.4% 0.09% +0.01
NYF iShares New York Muni Bond E Add +11.6% 0.65% +0.01
GOOG Alphabet Inc. Class C Add +2.9% 0.08% +0.01
AVSE Avantis Resp Emerg MKTS Eq-E Add +0.2% 0.10% +0.00
ESGV Vanguard ESG US Stock ETF Add +0.1% 0.14% +0.00
ITOT iShares Core S&P Total U.S. Add +0.0% 0.14% +0.00
GNMA iShares Gnma Bond ETF Add +5.3% 0.08% −0.00
IAGG iShares Intl Aggregate Bond Add +3.2% 0.09% −0.00
SUSC iShares ESG Aware Usd Corpor Add +2.1% 0.10% −0.01
HD Home Depot Inc. Add +0.3% 0.07% −0.01
VGSR Vert GLB Sust Re ETF Add +2.4% 0.32% −0.01
BLV Vanguard Long-Term Bond ETF Add +9.3% 1.01% −0.01
CVX Chevron Corp. Add +0.1% 0.07% −0.02
DUHP Dimensional US High Profi Et Add +1.2% 4.02% −0.03
DFSV Dimensional US Small Cap Val Add +0.6% 0.85% −0.03
BRK.B Berkshire Hathaway Inc. Class B Add +0.7% 0.32% −0.06
XOM Exxon Mobil Corp. Add +0.0% 0.39% −0.08
DFIP Dimensional Inflation-Protec Add +6.6% 2.60% −0.08
BSV Vanguard Short-Term Bond ETF Add +6.5% 4.70% −0.10
VMBS Vanguard Mortgage-Backed Sec Add +5.7% 2.99% −0.10
DFGR Dim Global Real Estate ETF Add +3.7% 3.56% −0.11
DFLV Dim US Large Cap Value ETF Add +0.9% 2.10% −0.14
PG The Procter & Gamble Co. Add +0.0% 1.81% −0.30
VCSH Vanguard S/T Corp. Bond ETF Add +0.7% 3.98% −0.31

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