Level Financial Advisors

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Level Financial Advisors reported 94 stock positions worth $354.8 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 15.4% of the portfolio, followed by Vanguard Short-Term Treasury (VGSH, 7.4%) and Vanguard Ftse Developed ETF (VEA, 6.9%). Compared with Q2 2025, it opened 4 new positions, added to 42 and reduced 31. The biggest buy was Dimensional Inflation-Protec (DFIP, shares +43%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −0%).

Most Recent 13F
Q2 2026
Location
EAST AMHERST, NY
CIK
0001871734
Portfolio Value
$354.8M (Q3 2025)
SEC Filing
0001871734-25-000006 ↗ filed Oct 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 Q2 2025 Q3 2025: $354.8M $354.8M Q3 2025 Q4 2025: $378.2M Q4 2025 Q1 2026: $392.1M Q1 2026 Q2 2026: $447.5M Q2 2026

Holdings 94 stocks · $354.8M
VOO Vanguard S&P 500 ETF 15.37% 89,025 $54.5M Reduce -0.0%
VGSH Vanguard Short-Term Treasury 7.40% 446,325 $26.3M Add +6.5%
VEA Vanguard Ftse Developed ETF 6.94% 411,093 $24.6M Add +2.3%
BSV Vanguard Short-Term Bond ETF 4.39% 197,233 $15.6M Add +2.7%
DUHP Dimensional US High Profi Et 4.10% 385,198 $14.5M Add +5.9%
VCSH Vanguard S/T Corp. Bond ETF 3.81% 168,898 $13.5M Add +5.0%
DFGR Dim Global Real Estate ETF 3.61% 469,132 $12.8M Add +9.9%
DFIP Dimensional Inflation-Protec 3.39% 284,722 $12.0M Add +42.7%
VMBS Vanguard Mortgage-Backed Sec 2.88% 217,673 $10.2M Add +5.0%
DFEM Dimensional Emrg MRKT Core 2.84% 313,736 $10.1M Add +14.9%
VUG Vanguard Mrngstar GR ETF-Sui 2.50% 18,462 $8.9M Add +7.7%
DFUV Dimensional US Marketwide Va 2.49% 197,843 $8.8M Reduce -0.9%
VTV Vanguard Mrngstr Val ETF-Aui 2.43% 46,203 $8.6M Add +2.6%
DFLV Dim US Large Cap Value ETF 2.26% 243,617 $8.0M Add +11.8%
BNDX Vanguard Total Intl Bond ETF 2.19% 156,812 $7.8M Add +10.2%
DFIS Dimensional International SM 2.07% 232,628 $7.4M Add +18.0%
AVRE Avantis Real Estate ETF 2.06% 164,072 $7.3M Add +4.5%
VTI VG Morningstar TS MKT ETF-US 1.95% 21,036 $6.9M Reduce -1.5%
PG The Procter & Gamble Co. 1.59% 36,663 $5.6M Add +0.5%
AVEM Avantis Emerging Markets Eq 1.42% 67,225 $5.0M Reduce -0.8%
SHYG iShares 0-5 YR HY Corp. Bond 1.41% 115,380 $5.0M Add +3.1%
VWO Vanguard Ftse Emerging Marke 1.34% 87,761 $4.8M Add +9.6%
AVSC Avantis US Small Cap Equity 1.19% 73,444 $4.2M Add +10.7%
DFAT Dimensional US Target Value 1.16% 70,724 $4.1M Add +0.9%
BLV Vanguard Long-Term Bond ETF 1.00% 50,229 $3.6M Add +7.4%
DFSV Dimensional US Small Cap Val 0.97% 108,269 $3.4M Add +16.7%
DFAE Dimensional Emerging Core Eq 0.89% 99,954 $3.2M Add +2.6%
AVUV Avantis US Small Cap Value 0.83% 29,538 $2.9M Reduce -2.4%
DFSU Dimensional US Sus CORE1 ETF 0.81% 67,576 $2.9M Add +9.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.72% 3,809 $2.5M Reduce -0.4%
AVDE Avantis International Equity 0.66% 29,763 $2.3M Reduce -2.1%
VSS Vanguard Ftse All Wo X-US SC 0.62% 15,437 $2.2M Reduce -1.8%
AAPL Apple Inc. 0.62% 8,605 $2.2M Reduce -0.1%
BIV Vanguard Intermediate-Term B 0.58% 26,311 $2.1M Add +13.9%
VTIP Vanguard Short-Term Tips 0.55% 38,476 $1.9M Add +0.3%
NYF iShares New York Muni Bond E 0.54% 36,077 $1.9M Reduce -9.3%
VB Vanguard Most SM-Cap ETF-Usd 0.52% 7,293 $1.9M Add +5.3%
QUAL iShares MSCI USA Quality Fac 0.52% 9,513 $1.9M Reduce -5.7%
IWC iShares Micro-Cap ETF 0.42% 9,971 $1.5M Add +6.4%
MSFT Microsoft Corp. 0.39% 2,688 $1.4M Add +0.3%
VCEB Vanguard ESG US Corp. Bond 0.35% 19,178 $1.2M Add +7.7%
DFSI Dimensional Int Sus COR1 ETF 0.35% 29,980 $1.2M Reduce -0.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.34% 5,737 $1.2M Reduce -1.1%
REET iShares Global REIT ETF 0.32% 44,717 $1.1M Add +6.9%
BRK.B Berkshire Hathaway Inc. Class B 0.30% 2,123 $1.1M Reduce -0.6%
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.29% 98,159 $1.0M Reduce -0.4%
UPS United Parcel Service Class B 0.29% 12,382 $1.0M No change
DFIV Dimensional International Va 0.27% 21,061 $971K Add +0.4%
LRCX Lam Research Corp. 0.27% 7,116 $953K New
JPM JPMorgan Chase & Co. 0.25% 2,845 $897K Add +64.6%
AVDV Avantis Intl S/C Value ETF 0.25% 9,911 $882K Reduce -1.1%
NVDA Nvidia Corp. 0.25% 4,721 $881K Reduce -0.7%
SUSB iShares ESG Aware 1-5 Year U 0.25% 34,529 $874K Reduce -4.6%
XOM Exxon Mobil Corp. 0.23% 7,236 $816K Reduce -37.7%
AGG iShares Core U.S. Aggregate 0.21% 7,570 $759K No change
ESGD iShares Trust iShares ESG Aw 0.21% 7,843 $729K Reduce -13.5%
MA Mastercard Inc. Class A 0.19% 1,207 $687K New
GOOGL Alphabet Inc. Class A 0.19% 2,775 $674K Add +1.4%
QQQ Invesco QQQ Trust Series 1 0.18% 1,062 $638K New
AMZN Amazon.com Inc. 0.18% 2,849 $626K Reduce -1.5%
IVV iShares Core S&P 500 ETF 0.17% 896 $599K Reduce -3.7%
VNQ Vanguard Real Estate ETF 0.16% 6,144 $562K Reduce -0.3%
META Meta Platforms Inc. Class A 0.16% 756 $555K No change
AVLV Avantis US Large Cap Value 0.14% 7,046 $509K Add +7.8%
ESGV Vanguard ESG US Stock ETF 0.14% 4,225 $500K No change
NEE Nextera Energy Inc. 0.14% 6,484 $489K Reduce -3.9%
ITOT iShares Core S&P Total U.S. 0.14% 3,313 $483K Add +0.1%
NOC Northrop Grumman Corp. 0.13% 783 $477K No change
DFSB Dim GLB Sustain Fix Inc. ETF 0.13% 8,624 $459K Add +4.7%
NFLX Netflix Inc. 0.13% 371 $445K No change
SCHJ Schwab 1-5 YR Corp. BND ETF 0.12% 17,685 $441K Reduce -11.1%
CVX Chevron Corp. 0.10% 2,391 $371K Add +51.6%
GBTC Grayscale Bitcoin Trust ETF 0.10% 4,041 $363K No change
AVSE Avantis Resp Emerg MKTS Eq-E 0.10% 5,611 $357K No change
LLY Eli Lilly & Co. 0.10% 458 $349K No change
GOOG Alphabet Inc. Class C 0.10% 1,400 $341K No change
DFSE Dimensional Em Sus CORE1 ETF 0.10% 8,231 $338K Add +2.9%
MTB M & T Bank Corp. filed as M & T BK CORP 0.09% 1,688 $334K Reduce -3.0%
VSGX Vanguard ESG Intl Stock ETF 0.09% 4,612 $320K No change
ESGU iShares ESG Aware MSCI USA 0.09% 2,191 $319K Reduce -50.6%
TSLA Tesla Inc. 0.08% 674 $300K No change
IAGG iShares Intl Aggregate Bond 0.08% 5,666 $290K No change
DFNM Dimensional National Muni BD 0.08% 5,775 $277K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 981 $277K Add +25.4%
GE General Electric filed as GE AEROSPACE 0.07% 860 $259K Reduce -12.3%
VONG Vanguard Russell 1000 Growth 0.07% 2,090 $252K Reduce -8.1%
GNMA iShares Gnma Bond ETF 0.07% 5,573 $247K Reduce -5.4%
HD Home Depot Inc. 0.07% 601 $243K Add +0.2%
VIG Vanguard Dividend Apprec ETF 0.07% 1,118 $241K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.07% 4,771 $239K Add +7.0%
VTES Vanguard SH Term Tax-Ex Bond 0.07% 2,292 $234K No change
BA The Boeing Co. 0.07% 1,082 $234K No change
SUSC iShares ESG Aware Usd Corpor 0.06% 9,260 $218K Reduce -29.8%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.06% 1,185 $207K New

Portfolio Sells Q2 2025 → Q3 2025
VOO Vanguard S&P 500 ETF Reduce -0.0% 15.37% −0.37
XOM Exxon Mobil Corp. Reduce -37.7% 0.23% −0.16
DFUV Dimensional US Marketwide Va Reduce -0.9% 2.49% −0.13
NYF iShares New York Muni Bond E Reduce -9.3% 0.54% −0.10
ESGU iShares ESG Aware MSCI USA Reduce -50.6% 0.09% −0.10
VTI VG Morningstar TS MKT ETF-US Reduce -1.5% 1.95% −0.07
QUAL iShares MSCI USA Quality Fac Reduce -5.7% 0.52% −0.05
ESGD iShares Trust iShares ESG Aw Reduce -13.5% 0.21% −0.05
AVDE Avantis International Equity Reduce -2.1% 0.66% −0.04
SUSB iShares ESG Aware 1-5 Year U Reduce -4.6% 0.25% −0.04
VSS Vanguard Ftse All Wo X-US SC Reduce -1.8% 0.62% −0.04
SUSC iShares ESG Aware Usd Corpor Reduce -29.8% 0.06% −0.03
SCHJ Schwab 1-5 YR Corp. BND ETF Reduce -11.1% 0.12% −0.03
AVUV Avantis US Small Cap Value Reduce -2.4% 0.83% −0.03
VGSR Vert GLB Sust Re ETF Reduce -0.4% 0.29% −0.03
DFSI Dimensional Int Sus COR1 ETF Reduce -0.8% 0.35% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.6% 0.30% −0.02
AVEM Avantis Emerging Markets Eq Reduce -0.8% 1.42% −0.02
AMZN Amazon.com Inc. Reduce -1.5% 0.18% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.4% 0.72% −0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -1.1% 0.34% −0.01
VNQ Vanguard Real Estate ETF Reduce -0.3% 0.16% −0.01
MTB M & T Bank Corp. Reduce -3.0% 0.09% −0.01
GNMA iShares Gnma Bond ETF Reduce -5.4% 0.07% −0.01
IVV iShares Core S&P 500 ETF Reduce -3.7% 0.17% −0.01
NEE Nextera Energy Inc. Reduce -3.9% 0.14% −0.01
VONG Vanguard Russell 1000 Growth Reduce -8.1% 0.07% −0.01
GE General Electric Reduce -12.3% 0.07% −0.01
AVDV Avantis Intl S/C Value ETF Reduce -1.1% 0.25% +0.00
NVDA Nvidia Corp. Reduce -0.7% 0.25% +0.01
AAPL Apple Inc. Reduce -0.1% 0.62% +0.07

Portfolio Buys Q2 2025 → Q3 2025
DFIP Dimensional Inflation-Protec Add +42.7% 3.39% +0.79
DFEM Dimensional Emrg MRKT Core Add +14.9% 2.84% +0.32
LRCX Lam Research Corp. New 0.27% +0.27
DFIS Dimensional International SM Add +18.0% 2.07% +0.24
MA Mastercard Inc. Class A New 0.19% +0.19
QQQ Invesco QQQ Trust Series 1 New 0.18% +0.18
VUG Vanguard Mrngstar GR ETF-Sui Add +7.7% 2.50% +0.16
DFLV Dim US Large Cap Value ETF Add +11.8% 2.26% +0.16
DFSV Dimensional US Small Cap Val Add +16.7% 0.97% +0.12
AVSC Avantis US Small Cap Equity Add +10.7% 1.19% +0.12
VWO Vanguard Ftse Emerging Marke Add +9.6% 1.34% +0.11
JPM JPMorgan Chase & Co. Add +64.6% 0.25% +0.10
DUHP Dimensional US High Profi Et Add +5.9% 4.10% +0.08
VOE Vngrd Mrngstr MD-Cap Val ETF New 0.06% +0.06
DFSU Dimensional US Sus CORE1 ETF Add +9.5% 0.81% +0.06
DFGR Dim Global Real Estate ETF Add +9.9% 3.61% +0.05
IWC iShares Micro-Cap ETF Add +6.4% 0.42% +0.05
GOOGL Alphabet Inc. Class A Add +1.4% 0.19% +0.04
CVX Chevron Corp. Add +51.6% 0.10% +0.03
BIV Vanguard Intermediate-Term B Add +13.9% 0.58% +0.02
VB Vanguard Most SM-Cap ETF-Usd Add +5.3% 0.52% +0.01
DFAE Dimensional Emerging Core Eq Add +2.6% 0.89% +0.01
IBM Intl Business Machines Corp. Add +25.4% 0.08% +0.01
AVLV Avantis US Large Cap Value Add +7.8% 0.14% +0.00
DFSE Dimensional Em Sus CORE1 ETF Add +2.9% 0.10% +0.00
REET iShares Global REIT ETF Add +6.9% 0.32% +0.00
HD Home Depot Inc. Add +0.2% 0.07% +0.00
VTEB Vanguard Tax-Exempt Bond ETF Add +7.0% 0.07% −0.00
ITOT iShares Core S&P Total U.S. Add +0.1% 0.14% −0.00
VCEB Vanguard ESG US Corp. Bond Add +7.7% 0.35% −0.00
DFSB Dim GLB Sustain Fix Inc. ETF Add +4.7% 0.13% −0.00
DFIV Dimensional International Va Add +0.4% 0.27% −0.01
BNDX Vanguard Total Intl Bond ETF Add +10.2% 2.19% −0.01
BLV Vanguard Long-Term Bond ETF Add +7.4% 1.00% −0.01
DFAT Dimensional US Target Value Add +0.9% 1.16% −0.02
MSFT Microsoft Corp. Add +0.3% 0.39% −0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +2.6% 2.43% −0.05
VTIP Vanguard Short-Term Tips Add +0.3% 0.55% −0.05
SHYG iShares 0-5 YR HY Corp. Bond Add +3.1% 1.41% −0.09
AVRE Avantis Real Estate ETF Add +4.5% 2.06% −0.10
VMBS Vanguard Mortgage-Backed Sec Add +5.0% 2.88% −0.11
VCSH Vanguard S/T Corp. Bond ETF Add +5.0% 3.81% −0.17
VEA Vanguard Ftse Developed ETF Add +2.3% 6.94% −0.19
PG The Procter & Gamble Co. Add +0.5% 1.59% −0.22
VGSH Vanguard Short-Term Treasury Add +6.5% 7.40% −0.26
BSV Vanguard Short-Term Bond ETF Add +2.7% 4.39% −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