Level Four Advisory Services, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Level Four Advisory Services, LLC reported 739 stock positions worth $2.2 billion. Its top holding was Apple (AAPL) at 4.9% of the portfolio, followed by Level Four Large Cap Growth (LGRO, 3.0%) and Invesco QQQ Trust Series 1 (QQQ, 3.0%). Compared with Q1 2024, it opened 145 new positions, sold out of 174, added to 310 and reduced 274. The biggest buy was Nvidia (NVDA, shares +12%) and the biggest sale Apple (AAPL, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001696715
- Portfolio Value
- $2.2B (Q2 2024)
- SEC Filing
- 0001085146-24-003605 ↗ filed Aug 9, 2024
Holdings Value
Holdings 739 stocks · $2.2B
| AAPL Apple Inc. | 4.94% | 519,983 | $109.5M | Reduce -8.4% |
| LGRO Level Four Large Cap Growth | 3.04% | 2,164,232 | $67.5M | Reduce -5.5% |
| QQQ Invesco QQQ Trust Series 1 | 3.01% | 139,503 | $66.8M | Add +11.7% |
| MSFT Microsoft Corp. | 2.78% | 138,007 | $61.7M | Add +13.5% |
| AMZN Amazon.com Inc. | 1.99% | 227,832 | $44.0M | Reduce -10.6% |
| NVDA Nvidia Corp. | 1.69% | 303,637 | $37.5M | Add +12.4% |
| USFR Wisdomtree Floating Rate Tre | 1.37% | 604,330 | $30.4M | Reduce -5.6% |
| VOO Vanguard S&P 500 ETF | 1.31% | 57,908 | $29.0M | Add +155.5% |
| CAG Conagra Brands Inc. | 1.25% | 975,951 | $27.7M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 1.22% | 148,789 | $27.1M | Add +2.8% |
| MOAT Vaneck Morningstar Wide Moat | 1.13% | 288,750 | $25.0M | Reduce -20.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.99% | 342,330 | $21.9M | Add +6.9% |
| ABBV Abbvie Inc. | 0.95% | 123,260 | $21.1M | Reduce -8.6% |
| JIRE JPMorgan Int Res Enh Eqty | 0.93% | 330,987 | $20.7M | Add +515.2% |
| META Meta Platforms Inc. Class A | 0.88% | 38,746 | $19.5M | Add +71.7% |
| AVGO Broadcom Inc. | 0.88% | 12,155 | $19.5M | Add +45.6% |
| TCAF T Rowe PRC Cap Appreciation | 0.87% | 614,289 | $19.3M | New |
| UNH Unitedhealth Group Inc. | 0.80% | 34,647 | $17.6M | Add +10.6% |
| PTLC Pacer Trendpilot US Large Ca | 0.79% | 353,048 | $17.6M | Reduce -2.5% |
| AGG iShares Core U.S. Aggregate | 0.78% | 177,037 | $17.2M | Add +168.4% |
| LW Lamb Weston Holdings Inc. | 0.77% | 202,634 | $17.0M | Add +0.0% |
| GBIL Goldman Sachs Access Treasur | 0.69% | 152,874 | $15.3M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 36,157 | $14.7M | Add +3.0% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.65% | 533,035 | $14.5M | New |
| DSTL Distillate US Fundamental St | 0.63% | 272,900 | $14.0M | Add +24.7% |
| JPM JPMorgan Chase & Co. | 0.63% | 68,835 | $13.9M | Reduce -8.6% |
| HD Home Depot Inc. | 0.62% | 39,711 | $13.7M | Add +16.4% |
| UBER Uber Technologies Inc. | 0.56% | 169,882 | $12.3M | Reduce -16.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.54% | 22,160 | $12.1M | Reduce -14.7% |
| COWZ Pacer US Cash Cows 100 ETF | 0.52% | 212,643 | $11.6M | Add +165.5% |
| MRK Merck & Co. Inc. | 0.52% | 93,176 | $11.5M | Add +18.7% |
| QCOM Qualcomm Inc. | 0.50% | 55,651 | $11.1M | Add +7.8% |
| JNJ Johnson & Johnson | 0.49% | 74,393 | $10.9M | Add +36.0% |
| GLD SPDR Gold Shares | 0.48% | 50,011 | $10.8M | Add +0.5% |
| V Visa Inc. Class A | 0.48% | 40,877 | $10.7M | Add +5.7% |
| SPTI SS SPDR P Int Term TSY ETF | 0.47% | 370,994 | $10.4M | Reduce -7.8% |
| LRCX Lam Research Corp. | 0.47% | 9,709 | $10.3M | Reduce -10.3% |
| MS Morgan Stanley | 0.46% | 105,543 | $10.3M | Add +107.9% |
| WMT Walmart Inc. | 0.46% | 150,421 | $10.2M | Add +180.0% |
| IVW iShares S&P 500 Growth ETF | 0.45% | 107,735 | $10.0M | Reduce -6.7% |
| VIG Vanguard Dividend Apprec ETF | 0.45% | 54,060 | $9.9M | Add +12.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.44% | 68,499 | $9.8M | Add +25.4% |
| VZ Verizon Communications Inc. | 0.44% | 236,050 | $9.7M | Add +31.1% |
| BKNG Booking Holdings Inc. | 0.42% | 2,369 | $9.4M | Add +5.1% |
| PG The Procter & Gamble Co. | 0.42% | 56,683 | $9.3M | Add +26.3% |
| QQQM Invesco Nasdaq 100 ETF | 0.42% | 46,975 | $9.3M | Add +3524.6% |
| LMT Lockheed Martin Corp. | 0.41% | 19,529 | $9.1M | Add +79.2% |
| JPEF JPMorgan Equity Focus ETF | 0.40% | 143,889 | $9.0M | Add +298.3% |
| C Citigroup Inc. | 0.40% | 140,815 | $8.9M | Add +39.0% |
| AMAT Applied Materials Inc. | 0.40% | 37,425 | $8.8M | Add +11.6% |
| XOM Exxon Mobil Corp. | 0.40% | 76,355 | $8.8M | Reduce -17.5% |
| TXN Texas Instruments Inc. | 0.40% | 45,116 | $8.8M | Add +806.5% |
| SCHD Schwab US DVD Equity ETF | 0.39% | 112,074 | $8.7M | Reduce -12.6% |
| BLK BlackRock Finance Inc. | 0.36% | 10,238 | $8.1M | Add +16.9% |
| LLY Eli Lilly & Co. | 0.36% | 8,706 | $7.9M | Add +29.1% |
| MDT Medtronic PLC | 0.35% | 98,024 | $7.7M | Add +68.6% |
| XLK SS Technology Select Sector | 0.35% | 33,910 | $7.7M | Add +6.3% |
| OMFL Invesco Russell 1000 DYN M/F | 0.35% | 145,983 | $7.7M | New |
| CRM Salesforce Inc. | 0.34% | 29,532 | $7.6M | Reduce -15.7% |
| MU Micron Technology Inc. | 0.34% | 57,596 | $7.6M | Reduce -25.2% |
| PTNQ Pacer Trendpilot 100 ETF | 0.34% | 104,294 | $7.5M | Reduce -1.5% |
| CVX Chevron Corp. | 0.34% | 47,539 | $7.4M | Add +18.2% |
| GOOG Alphabet Inc. Class C | 0.33% | 40,290 | $7.4M | Reduce -23.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 42,398 | $7.3M | Reduce -18.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.33% | 27,365 | $7.3M | Reduce -13.5% |
| F Ford Motor Co. filed as FORD MTR CO DEL | 0.33% | 575,101 | $7.2M | Add +39.4% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.32% | 73,535 | $7.1M | Add +262.5% |
| ETN Eaton Corp. PLC | 0.32% | 22,668 | $7.1M | Add +95.3% |
| CSCO Cisco Systems Inc. | 0.32% | 148,774 | $7.1M | Add +26.1% |
| PYPL PayPal Holdings Inc. | 0.32% | 120,595 | $7.0M | Add +115.5% |
| NEE Nextera Energy Inc. | 0.32% | 98,823 | $7.0M | Add +297.1% |
| COP Conocophillips | 0.31% | 60,728 | $6.9M | Add +2.6% |
| PFXF Vaneck Pref Sec X-Financials | 0.31% | 400,432 | $6.9M | Add +16.9% |
| XMMO Invesco S&P Midcap Momentum | 0.31% | 60,462 | $6.9M | Add +11.5% |
| NFLX Netflix Inc. | 0.31% | 10,176 | $6.9M | Reduce -7.8% |
| ACIO Aptus Collared Invest Opp | 0.31% | 182,039 | $6.9M | Add +1.1% |
| MPWR Monolithic Power Systems Inc. | 0.31% | 8,276 | $6.8M | Reduce -3.3% |
| MA Mastercard Inc. Class A | 0.30% | 15,203 | $6.7M | Add +9.2% |
| LOW Lowe's Cos Inc. | 0.30% | 30,316 | $6.7M | Add +139.9% |
| ALSN Allison Transmission Holding | 0.30% | 87,288 | $6.6M | New |
| MCD McDonald's Corp. | 0.30% | 25,874 | $6.6M | Add +9.5% |
| IJH iShares Core S&P Midcap ETF | 0.30% | 112,419 | $6.6M | Add +530.8% |
| CMI Cummins Inc. | 0.30% | 23,725 | $6.6M | Add +295.1% |
| KLAC KLA Corp. | 0.30% | 7,943 | $6.5M | New |
| EBAY eBay Inc. | 0.30% | 121,886 | $6.5M | Add +57.1% |
| SMH Vaneck Semiconductor ETF | 0.29% | 24,938 | $6.5M | Add +7.9% |
| DAL Delta Air Lines Inc. | 0.29% | 136,889 | $6.5M | Add +40.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.29% | 55,831 | $6.4M | Add +104.2% |
| ELV Elevance Health Inc. | 0.29% | 11,785 | $6.4M | Add +143.8% |
| OXY Occidental Petroleum Corp. | 0.28% | 99,093 | $6.2M | Add +43.9% |
| AFL Aflac Inc. | 0.28% | 69,795 | $6.2M | Add +244.9% |
| PFE Pfizer Inc. | 0.28% | 220,347 | $6.2M | Add +134.3% |
| DUSA Davis Select US Equity ETF | 0.28% | 150,604 | $6.1M | Add +6.5% |
| EOG EOG Resources Inc. | 0.28% | 48,497 | $6.1M | Add +31.1% |
| NOW ServiceNow Inc. | 0.27% | 7,696 | $6.1M | Add +79.9% |
| HDV iShares Core High Dividend E | 0.27% | 54,986 | $6.0M | Reduce -2.5% |
| JAAA Janus Henderson Aaa Clo ETF | 0.27% | 115,949 | $5.9M | Add +544.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 53,256 | $5.9M | Add +30.1% |
| ILCG iShares Morningstar Growth E | 0.26% | 72,017 | $5.9M | Reduce -0.5% |
| ICE Intercontinental Exchange Inc. | 0.26% | 42,696 | $5.8M | Add +16.9% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $825K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 412 | $493K | Reduce -15.8% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 279 | $332K | Reduce -51.7% |
Total filed on the 13F, all lines: $2.2B.
Portfolio Sells Q1 2024 → Q2 2024
| AAPL Apple Inc. | Reduce -8.4% | 4.94% | −1.07 |
| TLT iShares 20+ Year Treasury BD | Reduce -95.9% | 0.02% | −0.66 |
| FBND Fidelity Total Bond ETF | Reduce -96.6% | 0.02% | −0.59 |
| GNTX Gentex Corp. | Sold out | 0.00% | −0.57 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -20.6% | 1.13% | −0.57 |
| SPEU State Street SPDR Portfolio | Sold out | 0.00% | −0.56 |
| BND Vanguard Total Bond Market | Reduce -85.0% | 0.07% | −0.53 |
| LGRO Level Four Large Cap Growth | Reduce -5.5% | 3.04% | −0.51 |
| USFR Wisdomtree Floating Rate Tre | Reduce -5.6% | 1.37% | −0.40 |
| ABT Abbott Laboratories | Reduce -68.5% | 0.11% | −0.34 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -91.8% | 0.02% | −0.33 |
| VPL Vanguard Ftse Pacific ETF | Reduce -85.1% | 0.05% | −0.32 |
| INTC Intel Corp. | Reduce -37.4% | 0.14% | −0.31 |
| CAG Conagra Brands Inc. | Reduce -0.1% | 1.25% | −0.29 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -86.1% | 0.04% | −0.28 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.28 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -92.3% | 0.02% | −0.26 |
| IVV iShares Core S&P 500 ETF | Reduce -53.4% | 0.21% | −0.26 |
| CAH Cardinal Health Inc. | Reduce -90.1% | 0.02% | −0.26 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.26 |
| VGSH Vanguard Short-Term Treasury | Reduce -95.0% | 0.01% | −0.24 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.20 |
| ABBV Abbvie Inc. | Reduce -8.6% | 0.95% | −0.20 |
| IWD iShares Russell 1000 Value E | Reduce -76.5% | 0.05% | −0.19 |
| CRM Salesforce Inc. | Reduce -15.7% | 0.34% | −0.16 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -7.8% | 0.47% | −0.16 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.16 |
| CL Colgate-Palmolive Co. | Reduce -85.3% | 0.03% | −0.15 |
| SCHD Schwab US DVD Equity ETF | Reduce -12.6% | 0.39% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -10.6% | 1.99% | −0.14 |
| IBM Intl Business Machines Corp. | Reduce -18.5% | 0.33% | −0.14 |
| DNL Wisdmtree GB Ex-US QL GR-Usd | Reduce -90.7% | 0.01% | −0.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -14.7% | 0.54% | −0.14 |
| HYEM Vaneck Emrg MKTS Hi YLD | Sold out | 0.00% | −0.13 |
| UBER Uber Technologies Inc. | Reduce -16.0% | 0.56% | −0.13 |
| TSLA Tesla Inc. | Reduce -3.9% | 0.21% | −0.13 |
| AKAM Akamai Technologies Inc. | Sold out | 0.00% | −0.12 |
| IHDG Wisdomtree International Hed | Sold out | 0.00% | −0.12 |
| AUPH Aurinia Pharmaceuticals Inc. | Sold out | 0.00% | −0.12 |
| XOM Exxon Mobil Corp. | Reduce -17.5% | 0.40% | −0.11 |
| FRDM Freedom 100 Emeging MRKT ETF | Reduce -25.4% | 0.21% | −0.11 |
| RJF Raymond James Financial Inc. | Reduce -85.7% | 0.02% | −0.10 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.10 |
| EFA iShares MSCI Eafe ETF | Reduce -26.0% | 0.17% | −0.10 |
| SO The Southern Co. | Reduce -33.1% | 0.15% | −0.10 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -47.7% | 0.07% | −0.09 |
| RDVY First Trust Rising Dividend | Reduce -36.4% | 0.12% | −0.09 |
| GDX Vaneck Gold Miners ETF | Reduce -21.6% | 0.21% | −0.09 |
| PSX Phillips 66 | Reduce -16.9% | 0.23% | −0.09 |
| SCHO Schwab Short-Term US Treas | Reduce -82.4% | 0.01% | −0.09 |
Portfolio Buys Q1 2024 → Q2 2024
| NVDA Nvidia Corp. | Add +12.4% | 1.69% | +0.96 |
| TCAF T Rowe PRC Cap Appreciation | New | 0.87% | +0.87 |
| VOO Vanguard S&P 500 ETF | Add +155.5% | 1.31% | +0.76 |
| JIRE JPMorgan Int Res Enh Eqty | Add +515.2% | 0.93% | +0.76 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | New | 0.65% | +0.65 |
| META Meta Platforms Inc. Class A | Add +71.7% | 0.88% | +0.44 |
| AGG iShares Core U.S. Aggregate | Add +168.4% | 0.78% | +0.42 |
| QQQM Invesco Nasdaq 100 ETF | Add +3524.6% | 0.42% | +0.41 |
| AVGO Broadcom Inc. | Add +45.6% | 0.88% | +0.37 |
| TXN Texas Instruments Inc. | Add +806.5% | 0.40% | +0.35 |
| OMFL Invesco Russell 1000 DYN M/F | New | 0.35% | +0.35 |
| JPEF JPMorgan Equity Focus ETF | Add +298.3% | 0.40% | +0.30 |
| ALSN Allison Transmission Holding | New | 0.30% | +0.30 |
| KLAC KLA Corp. | New | 0.30% | +0.30 |
| COWZ Pacer US Cash Cows 100 ETF | Add +165.5% | 0.52% | +0.29 |
| MSFT Microsoft Corp. | Add +13.5% | 2.78% | +0.27 |
| RSG Republic Services Inc. | New | 0.26% | +0.26 |
| FLJP Franklin Ftse Japan ETF | New | 0.26% | +0.26 |
| APA Apa Corp. | New | 0.24% | +0.24 |
| NEE Nextera Energy Inc. | Add +297.1% | 0.32% | +0.23 |
| AMP Ameriprise Financial Inc. | Add +2125.2% | 0.24% | +0.23 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +262.5% | 0.32% | +0.22 |
| CMI Cummins Inc. | Add +295.1% | 0.30% | +0.22 |
| JAAA Janus Henderson Aaa Clo ETF | Add +544.2% | 0.27% | +0.22 |
| AGCO Agco Corp. | New | 0.22% | +0.22 |
| FCNCA First Citizens Bcshs Class A | Add +819.5% | 0.24% | +0.21 |
| AOS Smith (a.o.) Corp. | New | 0.21% | +0.21 |
| CTRA Coterra Energy Inc. | New | 0.21% | +0.21 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.20% | +0.20 |
| FAST Fastenal Co. | New | 0.20% | +0.20 |
| MCHP Microchip Technology Inc. | Add +944.2% | 0.23% | +0.20 |
| MS Morgan Stanley | Add +107.9% | 0.46% | +0.20 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.7% | 3.01% | +0.20 |
| BR Broadridge Financial Solutio | New | 0.20% | +0.20 |
| DGX Quest Diagnostics Inc. | New | 0.20% | +0.20 |
| CNI Canadian Natl Railway Co. | New | 0.19% | +0.19 |
| SNOW Snowflake Inc. | New | 0.19% | +0.19 |
| AFL Aflac Inc. | Add +244.9% | 0.28% | +0.19 |
| AMT American Tower Corp. | Add +512.8% | 0.23% | +0.18 |
| CWT California Water Service Grp | New | 0.18% | +0.18 |
| ETN Eaton Corp. PLC | Add +95.3% | 0.32% | +0.17 |
| PPH Vaneck Pharmaceutical ETF | New | 0.16% | +0.16 |
| PLD Prologis Inc. | Add +465.3% | 0.22% | +0.16 |
| ELV Elevance Health Inc. | Add +143.8% | 0.29% | +0.16 |
| INGR Ingredion Inc. | New | 0.16% | +0.16 |
| CF CF Industries Holdings Inc. | New | 0.15% | +0.15 |
| SBUX Starbucks Corp. | Add +468.2% | 0.20% | +0.15 |
| LOW Lowe's Cos Inc. | Add +139.9% | 0.30% | +0.15 |
| LMT Lockheed Martin Corp. | Add +79.2% | 0.41% | +0.14 |
| LLY Eli Lilly & Co. | Add +29.1% | 0.36% | +0.14 |
Options Activity Q1 2024 → Q2 2024
| TSLA Tesla Inc. | call | Sold out | 300 | $38Kbefore exit |
| NVDA Nvidia Corp. | call | Sold out | 1,000 | $17Kbefore exit |
| LHX L3HARRIS Technologies Inc. | call | Sold out | 300 | $12Kbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 100 | $9Kbefore exit |
| AAPL Apple Inc. | put | Sold out | 100 | $2Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -15.8% | 412 | $493K |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -51.7% | 279 | $332K |
| TMCWW TMC the Metals Co. Inc. -CW25I | *W EXP 09/09/202 | Sold out | 18,666 | $2Kbefore 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 | 935 | $3.5B | AAPL, LGRO, QQQ, MSFT, NVDA |
| Q1 2026 | 866 | $3.0B | AAPL, LGRO, QQQ, MSFT, AMZN |
| Q4 2025 | 842 | $3.1B | AAPL, LGRO, MSFT, QQQ, AMZN |
| Q3 2025 | 802 | $2.9B | AAPL, LGRO, MSFT, QQQ, NVDA |
| Q2 2025 | 784 | $2.7B | AAPL, LGRO, MSFT, QQQ, AMZN |
| Q1 2025 | 752 | $2.4B | AAPL, LGRO, QQQ, MSFT, AMZN |
| Q4 2024 | 751 | $2.4B | AAPL, LGRO, QQQ, MSFT, AMZN |
| Q3 2024 | 763 | $2.4B | AAPL, LGRO, QQQ, MSFT, AMZN |
| Q2 2024 | 739 | $2.2B | AAPL, LGRO, QQQ, MSFT, AMZN |
| Q1 2024 | 767 | $1.8B | AAPL, LGRO, QQQ, MSFT, AMZN |