Level Four Advisory Services, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Level Four Advisory Services, LLC reported 767 stock positions worth $1.8 billion. Its top holding was Apple (AAPL) at 6.0% of the portfolio, followed by Level Four Large Cap Growth (LGRO, 3.6%) and Invesco QQQ Trust Series 1 (QQQ, 2.8%). Compared with Q4 2023, it opened 4 new positions, sold out of 5, added to 241 and reduced 10. The biggest buy was iShares Russell 1000 Value E (IWD, shares +130%) and the biggest sale iShares Core S&P Midcap ETF (IJH, shares −80%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001696715
Portfolio Value
$1.8B (Q1 2024)
SEC Filing
0001085146-24-002402 ↗ filed May 13, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $1.8B $1.8B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.4B Q3 2024 Q4 2024: $2.4B Q4 2024 Q1 2025: $2.4B Q1 2025 Q2 2025: $2.7B Q2 2025 Q3 2025: $2.9B Q3 2025 Q4 2025: $3.1B Q4 2025 Q1 2026: $3.0B Q1 2026 Q2 2026: $3.5B Q2 2026

Holdings 767 stocks · $1.8B
AAPL Apple Inc. 6.01% 567,506 $109.3M Add +1.4%
LGRO Level Four Large Cap Growth 3.55% 2,289,856 $64.6M Add +3.2%
QQQ Invesco QQQ Trust Series 1 2.81% 124,914 $51.2M Add +0.4%
MSFT Microsoft Corp. 2.51% 121,629 $45.7M Add +2.8%
AMZN Amazon.com Inc. 2.13% 254,778 $38.7M Add +3.4%
USFR Wisdomtree Floating Rate Tre 1.77% 640,094 $32.2M Add +1.6%
MOAT Vaneck Morningstar Wide Moat 1.70% 363,557 $30.9M Add +1.5%
CAG Conagra Brands Inc. 1.54% 976,444 $28.0M No change
LW Lamb Weston Holdings Inc. 1.20% 202,577 $21.9M No change
ABBV Abbvie Inc. 1.15% 134,845 $20.9M Add +2.1%
GOOGL Alphabet Inc. Class A 1.11% 144,723 $20.2M Add +5.4%
SPYM Ste STR SPDR PT S&P 500 ETF 0.98% 320,304 $17.9M Add +2.7%
UNH Unitedhealth Group Inc. 0.91% 31,327 $16.5M Add +2.3%
PTLC Pacer Trendpilot US Large Ca 0.86% 362,005 $15.7M Add +3.8%
GBIL Goldman Sachs Access Treasur 0.83% 151,354 $15.1M Add +3.6%
NVDA Nvidia Corp. 0.74% 27,015 $13.4M Add +1.3%
JPM JPMorgan Chase & Co. 0.70% 75,324 $12.8M Add +2.6%
BRK.B Berkshire Hathaway Inc. Class B 0.69% 35,119 $12.5M Add +2.2%
UBER Uber Technologies Inc. 0.68% 202,291 $12.5M Add +4.3%
TLT iShares 20+ Year Treasury BD 0.68% 125,475 $12.4M Add +2.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.68% 25,976 $12.3M No change
HD Home Depot Inc. 0.65% 34,130 $11.8M Add +2.8%
SPTI SS SPDR P Int Term TSY ETF 0.63% 402,371 $11.5M Add +3.5%
FBND Fidelity Total Bond ETF 0.61% 240,871 $11.1M Add +3.0%
BND Vanguard Total Bond Market 0.60% 149,406 $11.0M Add +3.2%
DSTL Distillate US Fundamental St 0.59% 218,823 $10.8M Add +3.1%
GNTX Gentex Corp. 0.57% 319,302 $10.4M No change
SPEU State Street SPDR Portfolio 0.56% 252,116 $10.2M Add +3.5%
V Visa Inc. Class A 0.55% 38,685 $10.1M Add +1.6%
VOO Vanguard S&P 500 ETF 0.54% 22,665 $9.9M No change
SCHD Schwab US DVD Equity ETF 0.54% 128,248 $9.8M Add +0.4%
GLD SPDR Gold Shares 0.52% 49,780 $9.5M Add +2.2%
AVGO Broadcom Inc. 0.51% 8,347 $9.3M Add +1.8%
XOM Exxon Mobil Corp. 0.51% 92,586 $9.3M No change
CRM Salesforce Inc. 0.51% 35,027 $9.2M Add +4.1%
IVW iShares S&P 500 Growth ETF 0.48% 115,473 $8.7M No change
JNJ Johnson & Johnson 0.47% 54,705 $8.6M Add +0.1%
MRK Merck & Co. Inc. 0.47% 78,486 $8.6M Add +0.1%
IVV iShares Core S&P 500 ETF 0.47% 17,890 $8.5M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.47% 52,004 $8.5M Add +3.2%
LRCX Lam Research Corp. 0.47% 10,822 $8.5M Add +6.2%
WMT Walmart Inc. 0.47% 53,723 $8.5M Reduce -65.9%
ABT Abbott Laboratories 0.45% 74,501 $8.2M No change
VIG Vanguard Dividend Apprec ETF 0.45% 47,877 $8.2M No change
INTC Intel Corp. 0.45% 161,671 $8.1M Add +1.2%
BKNG Booking Holdings Inc. 0.44% 2,255 $8.0M Add +7.2%
META Meta Platforms Inc. Class A 0.44% 22,568 $8.0M Add +2.4%
VTI VG Morningstar TS MKT ETF-US 0.41% 31,634 $7.5M No change
QCOM Qualcomm Inc. 0.41% 51,627 $7.5M Add +4.3%
GOOG Alphabet Inc. Class C 0.41% 52,721 $7.4M No change
BLK BlackRock Finance Inc. 0.39% 8,754 $7.1M Add +7.5%
CVS CVS Health Corp. 0.39% 88,879 $7.0M Add +0.9%
MCD McDonald's Corp. 0.39% 23,628 $7.0M Add +2.4%
PTNQ Pacer Trendpilot 100 ETF 0.38% 105,883 $6.9M Add +3.6%
COP Conocophillips 0.38% 59,169 $6.9M Add +3.4%
VZ Verizon Communications Inc. 0.37% 180,026 $6.8M Add +0.7%
VPL Vanguard Ftse Pacific ETF 0.36% 91,651 $6.6M Add +3.1%
PG The Procter & Gamble Co. 0.36% 44,897 $6.6M Add +2.6%
MU Micron Technology Inc. 0.36% 77,046 $6.6M Add +7.0%
AGG iShares Core U.S. Aggregate 0.36% 65,949 $6.5M No change
SLYG SS SPDR S&P 600 SC GR ETF 0.36% 77,789 $6.5M Add +2.3%
TSLA Tesla Inc. 0.34% 24,914 $6.2M No change
XLK SS Technology Select Sector 0.34% 31,909 $6.1M No change
CVX Chevron Corp. 0.33% 40,227 $6.0M No change
ACIO Aptus Collared Invest Opp 0.33% 179,984 $6.0M Add +3.7%
CSCO Cisco Systems Inc. 0.33% 118,000 $6.0M Add +4.1%
MA Mastercard Inc. Class A 0.33% 13,919 $5.9M Add +5.5%
PFXF Vaneck Pref Sec X-Financials 0.32% 342,471 $5.9M Add +2.8%
PSX Phillips 66 0.32% 44,064 $5.9M Add +5.1%
SPYV SS SPDR P S&P 500 Value ETF 0.32% 123,980 $5.8M Add +3.7%
FRDM Freedom 100 Emeging MRKT ETF 0.32% 175,475 $5.8M No change
COST Costco Wholesale Corp. 0.32% 8,732 $5.8M No change
HDV iShares Core High Dividend E 0.32% 56,366 $5.7M No change
NVO Novo-Nordisk A/S-Spons ADR 0.31% 54,617 $5.7M Add +0.9%
GDX Vaneck Gold Miners ETF 0.30% 177,617 $5.5M No change
AMAT Applied Materials Inc. 0.30% 33,543 $5.4M Add +7.8%
MPWR Monolithic Power Systems Inc. 0.30% 8,559 $5.4M Add +7.5%
NFLX Netflix Inc. 0.30% 11,035 $5.4M Add +7.2%
PTMC Pacer Trendpilot US Mid Cap 0.29% 162,471 $5.3M Add +3.8%
TWLO Twilio Inc. Class A 0.29% 69,194 $5.2M Add +10.6%
IJT iShares S&P Small-Cap 600 GR 0.29% 41,782 $5.2M No change
C Citigroup Inc. 0.29% 101,309 $5.2M Add +7.2%
PTIN Pacer Trendpilot Intl ETF 0.29% 188,715 $5.2M Add +4.0%
SPGP Invesco S&P 500 Garp ETF 0.28% 52,579 $5.2M Add +1.3%
CAH Cardinal Health Inc. 0.28% 50,473 $5.1M Add +3.1%
F Ford Motor Co. filed as FORD MTR CO DEL 0.28% 412,448 $5.0M Add +1.3%
IBTF iShares Ibonds Dec 2025 Term 0.28% 215,282 $5.0M Add +4.1%
DOCU Docusign Inc. 0.27% 84,061 $5.0M Add +7.3%
EFA iShares MSCI Eafe ETF 0.27% 66,284 $5.0M Add +5.1%
DUSA Davis Select US Equity ETF 0.27% 141,361 $5.0M Add +3.1%
IJH iShares Core S&P Midcap ETF 0.27% 17,822 $4.9M Reduce -80.0%
LMT Lockheed Martin Corp. 0.27% 10,896 $4.9M Add +0.5%
KO The Coca-Cola Co. 0.27% 83,699 $4.9M No change
ILCG iShares Morningstar Growth E 0.27% 72,395 $4.9M No change
AMD Advanced Micro Devices 0.27% 33,070 $4.9M No change
XMMO Invesco S&P Midcap Momentum 0.27% 54,226 $4.9M No change
DBX Dropbox Inc. Class A 0.27% 164,519 $4.9M Add +8.9%
IEF iShares 7-10 Year Treasury B 0.27% 50,161 $4.8M No change
AVUV Avantis US Small Cap Value 0.26% 53,480 $4.8M Add +3.1%
MDT Medtronic PLC 0.26% 58,155 $4.8M Add +1.8%

Show all 767 holdings

Options reported separately and not counted above: TSLA calls ($38K), NVDA calls ($17K), LHX calls ($12K), AMZN calls ($9K), AAPL puts ($2K).

Other holdings (3): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 578$691KNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 489$589KNo change
TMCWW TMC the Metals Co. Inc. -CW25I *W EXP 09/09/202 18,666$2KNo change

Total filed on the 13F, all lines: $1.8B.

Portfolio Sells Q4 2023 → Q1 2024
IJH iShares Core S&P Midcap ETF Reduce -80.0% 0.27% −0.01
T AT&T Inc. Reduce -0.1% 0.14% −0.00
GE General Electric Reduce -0.7% 0.04% −0.00
TPL Texas Pacific Land Corp. Reduce -66.7% 0.04% −0.00
OTLK Outlook Therapeutics Inc. Sold out 0.00% −0.00
GEHC GE Healthcare Technology Reduce -0.3% 0.01% −0.00
IHF iShares U.S. Healthcare Prov Reduce -80.0% 0.02% −0.00
SOXX iShares Semiconductor ETF Reduce -66.7% 0.02% −0.00
IYH iShares U.S. Healthcare ETF Reduce -80.0% 0.01% −0.00
CHINA JO-JO DRUGSTORES INC Sold out 0.00% −0.00
CHINA LIBERAL ED HLDGS LTD Sold out 0.00% −0.00
ARAV Aravive Inc. Sold out 0.00% −0.00
SIRI Sirius XM Holdings Inc. Reduce -0.8% 0.00% −0.00
BETSF Bit Brother Ltd. Sold out 0.00% −0.00
WMT Walmart Inc. Reduce -65.9% 0.47% +0.00

Portfolio Buys Q4 2023 → Q1 2024
IWD iShares Russell 1000 Value E Add +130.3% 0.24% +0.13
LGRO Level Four Large Cap Growth Add +3.2% 3.55% +0.04
GOOGL Alphabet Inc. Class A Add +5.4% 1.11% +0.03
EPD Enterprise Products Partners Add +41.0% 0.10% +0.03
AMZN Amazon.com Inc. Add +3.4% 2.13% +0.03
BTI British American Tob-SP ADR Add +103.9% 0.05% +0.02
TWLO Twilio Inc. Class A Add +10.6% 0.29% +0.02
BKNG Booking Holdings Inc. Add +7.2% 0.44% +0.02
BLK BlackRock Finance Inc. Add +7.5% 0.39% +0.02
LRCX Lam Research Corp. Add +6.2% 0.47% +0.02
SIG Signet Jewelers Ltd. New 0.02% +0.02
DBX Dropbox Inc. Class A Add +8.9% 0.27% +0.02
MU Micron Technology Inc. Add +7.0% 0.36% +0.02
MSFT Microsoft Corp. Add +2.8% 2.51% +0.02
AMAT Applied Materials Inc. Add +7.8% 0.30% +0.02
MPWR Monolithic Power Systems Inc. Add +7.5% 0.30% +0.01
UBER Uber Technologies Inc. Add +4.3% 0.68% +0.01
NFLX Netflix Inc. Add +7.2% 0.30% +0.01
C Citigroup Inc. Add +7.2% 0.29% +0.01
PTLC Pacer Trendpilot US Large Ca Add +3.8% 0.86% +0.01
RH RH Add +10.1% 0.19% +0.01
MSCI MSCI Inc. Add +8.4% 0.23% +0.01
DOCU Docusign Inc. Add +7.3% 0.27% +0.01
KMLM Kraneshares MT LC MN FT Id S New 0.01% +0.01
EDV Vanguard Extended Dur Treas New 0.01% +0.01
GBIL Goldman Sachs Access Treasur Add +3.6% 0.83% +0.01
MPLX MPLX LP New 0.01% +0.01
MO Altria Group Inc. Add +10.9% 0.15% +0.01
WFC Wells Fargo & Co. Add +7.3% 0.22% +0.01
MS Morgan Stanley Add +6.5% 0.26% +0.01
MA Mastercard Inc. Class A Add +5.5% 0.33% +0.01
CRM Salesforce Inc. Add +4.1% 0.51% +0.01
PRU Prudential Financial Inc. Add +8.8% 0.16% +0.01
PNC PNC Financial Services Group Add +7.7% 0.18% +0.01
SWK Stanley Black & Decker Inc. Add +12.1% 0.10% +0.01
AKAM Akamai Technologies Inc. Add +10.2% 0.12% +0.01
PSX Phillips 66 Add +5.1% 0.32% +0.01
URI United Rentals Inc. Add +7.4% 0.18% +0.01
SGI Somnigroup International Inc. Add +10.9% 0.11% +0.01
QCOM Qualcomm Inc. Add +4.3% 0.41% +0.01
SPTI SS SPDR P Int Term TSY ETF Add +3.5% 0.63% +0.01
DAL Delta Air Lines Inc. Add +6.3% 0.22% +0.01
CTSH Cognizant Tech Solutions-A Add +10.1% 0.11% +0.01
EFA iShares MSCI Eafe ETF Add +5.1% 0.27% +0.01
GS Goldman Sachs Group Inc. Add +6.9% 0.17% +0.01
SPEU State Street SPDR Portfolio Add +3.5% 0.56% +0.01
FTV Fortive Corp. Add +10.1% 0.10% +0.01
STZ Constellation Brands Inc. Class A Add +7.0% 0.16% +0.01
BND Vanguard Total Bond Market Add +3.2% 0.60% +0.01
CSCO Cisco Systems Inc. Add +4.1% 0.33% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 935$3.5BAAPL, LGRO, QQQ, MSFT, NVDA
Q1 2026 866$3.0BAAPL, LGRO, QQQ, MSFT, AMZN
Q4 2025 842$3.1BAAPL, LGRO, MSFT, QQQ, AMZN
Q3 2025 802$2.9BAAPL, LGRO, MSFT, QQQ, NVDA
Q2 2025 784$2.7BAAPL, LGRO, MSFT, QQQ, AMZN
Q1 2025 752$2.4BAAPL, LGRO, QQQ, MSFT, AMZN
Q4 2024 751$2.4BAAPL, LGRO, QQQ, MSFT, AMZN
Q3 2024 763$2.4BAAPL, LGRO, QQQ, MSFT, AMZN
Q2 2024 739$2.2BAAPL, LGRO, QQQ, MSFT, AMZN
Q1 2024 767$1.8BAAPL, LGRO, QQQ, MSFT, AMZN