Level Four Advisory Services, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Level Four Advisory Services, LLC reported 763 stock positions worth $2.4 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, 2.8%). Compared with Q2 2024, it opened 74 new positions, sold out of 50, added to 385 and reduced 271. The biggest buy was JPMorgan Chase (JPM, shares +43%) and the biggest sale an exit from Lam Research (LRCX).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001696715
- Portfolio Value
- $2.4B (Q3 2024)
- SEC Filing
- 0001085146-24-005789 ↗ filed Nov 14, 2024
Holdings Value
Holdings 763 stocks · $2.4B
| AAPL Apple Inc. | 4.86% | 511,025 | $115.4M | Reduce -1.7% |
| LGRO Level Four Large Cap Growth | 2.96% | 2,130,724 | $70.2M | Reduce -1.6% |
| QQQ Invesco QQQ Trust Series 1 | 2.82% | 138,441 | $67.0M | Reduce -0.8% |
| MSFT Microsoft Corp. | 2.38% | 139,108 | $56.5M | Add +0.8% |
| AMZN Amazon.com Inc. | 1.78% | 226,796 | $42.3M | Reduce -0.5% |
| NVDA Nvidia Corp. | 1.51% | 269,643 | $35.8M | Reduce -11.2% |
| VOO Vanguard S&P 500 ETF | 1.34% | 60,770 | $31.8M | Add +4.9% |
| USFR Wisdomtree Floating Rate Tre | 1.33% | 627,045 | $31.5M | Add +3.8% |
| MOAT Vaneck Morningstar Wide Moat | 1.27% | 319,683 | $30.1M | Add +10.7% |
| CAG Conagra Brands Inc. | 1.19% | 974,093 | $28.2M | Reduce -0.2% |
| ABBV Abbvie Inc. | 1.16% | 134,719 | $27.5M | Add +9.3% |
| JIRE JPMorgan Int Res Enh Eqty | 1.14% | 433,664 | $27.1M | Add +31.0% |
| GOOGL Alphabet Inc. Class A | 1.07% | 148,555 | $25.4M | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 1.03% | 42,898 | $24.3M | Add +10.7% |
| TCAF T Rowe PRC Cap Appreciation | 0.97% | 701,640 | $23.0M | Add +14.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.93% | 330,642 | $22.1M | Reduce -3.4% |
| JPM JPMorgan Chase & Co. | 0.92% | 98,492 | $21.9M | Add +43.1% |
| PTLC Pacer Trendpilot US Large Ca | 0.86% | 392,183 | $20.4M | Add +11.1% |
| AVGO Broadcom Inc. | 0.86% | 119,896 | $20.4M | Reduce -1.4% |
| UNH Unitedhealth Group Inc. | 0.81% | 34,151 | $19.3M | Reduce -1.4% |
| AGG iShares Core U.S. Aggregate | 0.77% | 185,978 | $18.3M | Add +5.0% |
| GBIL Goldman Sachs Access Treasur | 0.76% | 180,429 | $18.1M | Add +18.0% |
| LW Lamb Weston Holdings Inc. | 0.66% | 202,732 | $15.8M | Add +0.1% |
| HD Home Depot Inc. | 0.66% | 39,738 | $15.6M | Add +0.1% |
| DSTL Distillate US Fundamental St | 0.62% | 263,759 | $14.6M | Reduce -3.4% |
| WMT Walmart Inc. | 0.61% | 177,549 | $14.6M | Add +18.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 32,105 | $14.5M | Reduce -11.2% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.59% | 507,721 | $13.9M | Reduce -4.8% |
| GLD SPDR Gold Shares | 0.59% | 54,999 | $13.9M | Add +10.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.58% | 24,196 | $13.8M | Add +9.2% |
| MS Morgan Stanley | 0.54% | 109,363 | $12.7M | Add +3.6% |
| SPTI SS SPDR P Int Term TSY ETF | 0.52% | 439,177 | $12.4M | Add +18.4% |
| UBER Uber Technologies Inc. | 0.50% | 165,358 | $11.9M | Reduce -2.7% |
| COWZ Pacer US Cash Cows 100 ETF | 0.50% | 208,860 | $11.9M | Reduce -1.8% |
| V Visa Inc. Class A | 0.50% | 40,623 | $11.8M | Reduce -0.6% |
| SCHD Schwab US DVD Equity ETF | 0.48% | 406,345 | $11.5M | Add +262.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.46% | 97,769 | $10.9M | Add +42.7% |
| LMT Lockheed Martin Corp. | 0.46% | 19,945 | $10.9M | Add +2.1% |
| BKNG Booking Holdings Inc. | 0.45% | 2,306 | $10.8M | Reduce -2.7% |
| IVW iShares S&P 500 Growth ETF | 0.45% | 111,752 | $10.6M | Add +3.7% |
| VIG Vanguard Dividend Apprec ETF | 0.44% | 53,403 | $10.4M | Reduce -1.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.43% | 51,856 | $10.3M | Add +10.4% |
| JNJ Johnson & Johnson | 0.43% | 64,588 | $10.3M | Reduce -13.2% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.43% | 92,709 | $10.2M | Add +66.0% |
| C Citigroup Inc. | 0.43% | 158,290 | $10.2M | Add +12.4% |
| JPEF JPMorgan Equity Focus ETF | 0.42% | 155,014 | $10.1M | Add +7.7% |
| PYPL PayPal Holdings Inc. | 0.40% | 121,008 | $9.6M | Add +0.3% |
| TXN Texas Instruments Inc. | 0.38% | 44,942 | $9.1M | Reduce -0.4% |
| XLK SS Technology Select Sector | 0.38% | 40,608 | $9.0M | Add +19.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.37% | 31,347 | $8.8M | Add +14.6% |
| PTNQ Pacer Trendpilot 100 ETF | 0.36% | 118,407 | $8.7M | Add +13.5% |
| CRM Salesforce Inc. | 0.36% | 29,526 | $8.6M | Reduce -0.0% |
| FCNCA First Citizens Bcshs Class A | 0.36% | 4,431 | $8.6M | Add +42.2% |
| NEE Nextera Energy Inc. | 0.36% | 107,063 | $8.5M | Add +8.3% |
| LOW Lowe's Cos Inc. | 0.35% | 31,412 | $8.2M | Add +3.6% |
| ALSN Allison Transmission Holding | 0.35% | 76,922 | $8.2M | Reduce -11.9% |
| ACIO Aptus Collared Invest Opp | 0.35% | 208,062 | $8.2M | Add +14.3% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.35% | 82,983 | $8.2M | Add +12.8% |
| MRK Merck & Co. Inc. | 0.34% | 79,636 | $8.1M | Reduce -14.5% |
| GS Goldman Sachs Group Inc. | 0.34% | 15,553 | $8.1M | Add +45.8% |
| XOM Exxon Mobil Corp. | 0.34% | 68,886 | $8.0M | Reduce -9.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.34% | 71,148 | $8.0M | Add +33.6% |
| QCOM Qualcomm Inc. | 0.34% | 49,326 | $8.0M | Reduce -11.4% |
| COP Conocophillips | 0.33% | 72,508 | $7.9M | Add +19.4% |
| PG The Procter & Gamble Co. | 0.33% | 47,884 | $7.9M | Reduce -15.5% |
| MCD McDonald's Corp. | 0.33% | 26,564 | $7.8M | Add +2.7% |
| MA Mastercard Inc. Class A | 0.32% | 15,226 | $7.6M | Add +0.1% |
| ICE Intercontinental Exchange Inc. | 0.32% | 48,535 | $7.6M | Add +13.7% |
| ETN Eaton Corp. PLC | 0.32% | 22,694 | $7.5M | Add +0.1% |
| AFL Aflac Inc. | 0.32% | 71,427 | $7.5M | Add +2.3% |
| CVS CVS Health Corp. | 0.32% | 132,524 | $7.5M | Add +35.1% |
| NFLX Netflix Inc. | 0.31% | 9,889 | $7.5M | Reduce -2.8% |
| RSP Invesco S&P 500 Equal Weight | 0.31% | 42,330 | $7.5M | Add +43.5% |
| LLY Eli Lilly & Co. | 0.31% | 8,893 | $7.4M | Add +2.1% |
| IJH iShares Core S&P Midcap ETF | 0.31% | 118,565 | $7.3M | Add +5.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 174,794 | $7.3M | Add +58.3% |
| OMFL Invesco Russell 1000 DYN M/F | 0.31% | 138,697 | $7.3M | Reduce -5.0% |
| AGCO Agco Corp. | 0.31% | 72,878 | $7.3M | Add +49.0% |
| DOCU Docusign Inc. | 0.31% | 104,456 | $7.2M | Add +0.1% |
| CVX Chevron Corp. | 0.30% | 48,680 | $7.2M | Add +2.4% |
| NOW ServiceNow Inc. | 0.30% | 7,701 | $7.2M | Add +0.1% |
| CMCSA Comcast Corp. Class A | 0.30% | 163,400 | $7.1M | Add +215.2% |
| EOG EOG Resources Inc. | 0.30% | 57,829 | $7.1M | Add +19.2% |
| MCK McKesson Corp. | 0.29% | 13,971 | $7.0M | Add +43.2% |
| OXY Occidental Petroleum Corp. | 0.29% | 138,929 | $7.0M | Add +40.2% |
| UPS United Parcel Service Class B | 0.29% | 51,816 | $6.9M | Add +320.3% |
| OUSM Alps Oshares US Small-Cap Qu | 0.29% | 156,728 | $6.9M | Add +70.8% |
| PTMC Pacer Trendpilot US Mid Cap | 0.29% | 187,188 | $6.9M | Add +15.0% |
| VZ Verizon Communications Inc. | 0.29% | 162,950 | $6.9M | Reduce -31.0% |
| PFXF Vaneck Pref Sec X-Financials | 0.29% | 379,143 | $6.8M | Reduce -5.3% |
| CMI Cummins Inc. | 0.28% | 20,340 | $6.7M | Reduce -14.3% |
| XLF SS Financial Select Sector | 0.28% | 143,775 | $6.7M | Add +12.2% |
| AMAT Applied Materials Inc. | 0.28% | 36,544 | $6.6M | Reduce -2.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.28% | 17,326 | $6.6M | Add +25.5% |
| APA Apa Corp. | 0.28% | 280,447 | $6.6M | Add +56.9% |
| ROP Roper Technologies Inc. | 0.28% | 12,268 | $6.6M | Add +67.4% |
| AMP Ameriprise Financial Inc. | 0.28% | 12,829 | $6.5M | Add +4.5% |
| XMMO Invesco S&P Midcap Momentum | 0.27% | 53,299 | $6.5M | Reduce -11.8% |
| CHD Church & Dwight Co. Inc. | 0.27% | 64,686 | $6.5M | Add +29.2% |
| SMH Vaneck Semiconductor ETF | 0.27% | 26,488 | $6.4M | Add +6.2% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $574K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 292 | $361K | Add +4.7% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 173 | $214K | Reduce -58.0% |
Total filed on the 13F, all lines: $2.4B.
Portfolio Sells Q2 2024 → Q3 2024
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.47 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.36 |
| F Ford Motor Co. | Reduce -86.5% | 0.03% | −0.29 |
| DAL Delta Air Lines Inc. | Reduce -97.2% | 0.01% | −0.28 |
| EBAY eBay Inc. | Reduce -95.8% | 0.01% | −0.28 |
| PTIN Pacer Trendpilot Intl ETF | Sold out | 0.00% | −0.25 |
| AMZN Amazon.com Inc. | Reduce -0.5% | 1.78% | −0.21 |
| MDT Medtronic PLC | Reduce -58.5% | 0.15% | −0.20 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.8% | 2.82% | −0.19 |
| NVDA Nvidia Corp. | Reduce -11.2% | 1.51% | −0.18 |
| CWT California Water Service Grp | Sold out | 0.00% | −0.18 |
| MRK Merck & Co. Inc. | Reduce -14.5% | 0.34% | −0.18 |
| FRDM Freedom 100 Emeging MRKT ETF | Reduce -78.4% | 0.04% | −0.17 |
| JHMD John Hancock MF Dev Intl ETF | Reduce -85.0% | 0.03% | −0.16 |
| QCOM Qualcomm Inc. | Reduce -11.4% | 0.34% | −0.16 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 1.07% | −0.15 |
| VZ Verizon Communications Inc. | Reduce -31.0% | 0.29% | −0.15 |
| FLJP Franklin Ftse Japan ETF | Reduce -53.1% | 0.11% | −0.15 |
| WFC Wells Fargo & Co. | Reduce -70.7% | 0.06% | −0.15 |
| AMAT Applied Materials Inc. | Reduce -2.4% | 0.28% | −0.12 |
| INTC Intel Corp. | Reduce -73.1% | 0.02% | −0.12 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -83.7% | 0.02% | −0.11 |
| CSCO Cisco Systems Inc. | Reduce -37.6% | 0.21% | −0.10 |
| GIS General Mills Inc. | Reduce -78.5% | 0.03% | −0.10 |
| PRU Prudential Financial Inc. | Reduce -42.8% | 0.12% | −0.10 |
| TFC Truist Financial Corp. | Reduce -58.0% | 0.07% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -15.5% | 0.33% | −0.09 |
| LGRO Level Four Large Cap Growth | Reduce -1.6% | 2.96% | −0.09 |
| WBD Warner Bros Discovery Inc. | Reduce -91.1% | 0.01% | −0.08 |
| PFE Pfizer Inc. | Reduce -25.5% | 0.20% | −0.08 |
| PNC PNC Financial Services Group | Reduce -52.8% | 0.09% | −0.08 |
| AAPL Apple Inc. | Reduce -1.7% | 4.86% | −0.08 |
| GOOG Alphabet Inc. Class C | Reduce -12.0% | 0.26% | −0.08 |
| IBM Intl Business Machines Corp. | Reduce -29.3% | 0.26% | −0.07 |
| KDP Keurig Dr Pepper Inc. | Reduce -80.2% | 0.02% | −0.07 |
| SGI Somnigroup International Inc. | Reduce -88.2% | 0.01% | −0.07 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -4.8% | 0.59% | −0.07 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -34.5% | 0.12% | −0.07 |
| CAG Conagra Brands Inc. | Reduce -0.2% | 1.19% | −0.06 |
| MCO Moody's Corp. | Reduce -83.9% | 0.01% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -9.8% | 0.34% | −0.06 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -3.4% | 0.93% | −0.06 |
| JNJ Johnson & Johnson | Reduce -13.2% | 0.43% | −0.06 |
| MPWR Monolithic Power Systems Inc. | Reduce -5.0% | 0.25% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -2.7% | 0.50% | −0.06 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.2% | 0.61% | −0.05 |
| BP BP PLC-Spons ADR | Reduce -65.9% | 0.02% | −0.05 |
| PPH Vaneck Pharmaceutical ETF | Reduce -22.1% | 0.12% | −0.04 |
| XSW SS SPDR S&P Soft & Serv ETF | Reduce -48.7% | 0.05% | −0.04 |
Portfolio Buys Q2 2024 → Q3 2024
| JPM JPMorgan Chase & Co. | Add +43.1% | 0.92% | +0.29 |
| BTAL Agf US Market Neutral Anti-B | Add +1914.9% | 0.26% | +0.24 |
| UPS United Parcel Service Class B | Add +320.3% | 0.29% | +0.22 |
| CMCSA Comcast Corp. Class A | Add +215.2% | 0.30% | +0.21 |
| JIRE JPMorgan Int Res Enh Eqty | Add +31.0% | 1.14% | +0.21 |
| ABBV Abbvie Inc. | Add +9.3% | 1.16% | +0.20 |
| AWK American Water Works Co. Inc. | New | 0.19% | +0.19 |
| WMT Walmart Inc. | Add +18.0% | 0.61% | +0.15 |
| META Meta Platforms Inc. Class A | Add +10.7% | 1.03% | +0.14 |
| MOAT Vaneck Morningstar Wide Moat | Add +10.7% | 1.27% | +0.14 |
| TROW T Rowe Price Group Inc. | Add +66.0% | 0.43% | +0.14 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +93.2% | 0.27% | +0.13 |
| FCNCA First Citizens Bcshs Class A | Add +42.2% | 0.36% | +0.12 |
| DINO HF Sinclair Corp. | Add +511.6% | 0.16% | +0.12 |
| GS Goldman Sachs Group Inc. | Add +45.8% | 0.34% | +0.12 |
| OUSM Alps Oshares US Small-Cap Qu | Add +70.8% | 0.29% | +0.12 |
| BAC Bank of America Corp. | Add +58.3% | 0.31% | +0.11 |
| LEA Lear Corp. | Add +120.4% | 0.25% | +0.11 |
| GLD SPDR Gold Shares | Add +10.0% | 0.59% | +0.10 |
| TGT Target Corp. | Add +88.1% | 0.23% | +0.10 |
| CGMS Cap Group US Multi-Sect Bond | Add +844.9% | 0.11% | +0.10 |
| TCAF T Rowe PRC Cap Appreciation | Add +14.2% | 0.97% | +0.10 |
| RSP Invesco S&P 500 Equal Weight | Add +43.5% | 0.31% | +0.10 |
| ROP Roper Technologies Inc. | Add +67.4% | 0.28% | +0.09 |
| AGCO Agco Corp. | Add +49.0% | 0.31% | +0.09 |
| CGCP Cap Group Core Plus Income | Add +701.1% | 0.10% | +0.09 |
| SCHD Schwab US DVD Equity ETF | Add +262.6% | 0.48% | +0.09 |
| PYPL PayPal Holdings Inc. | Add +0.3% | 0.40% | +0.09 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +298.0% | 0.10% | +0.08 |
| TJX TJX Companies Inc. | Add +33.6% | 0.34% | +0.07 |
| TWLO Twilio Inc. Class A | Add +4.3% | 0.26% | +0.07 |
| MS Morgan Stanley | Add +3.6% | 0.54% | +0.07 |
| GBIL Goldman Sachs Access Treasur | Add +18.0% | 0.76% | +0.07 |
| PTLC Pacer Trendpilot US Large Ca | Add +11.1% | 0.86% | +0.07 |
| SBUX Starbucks Corp. | Add +13.1% | 0.27% | +0.07 |
| DVY iShares Select Dividend ETF | Add +107.2% | 0.12% | +0.06 |
| ICE Intercontinental Exchange Inc. | Add +13.7% | 0.32% | +0.06 |
| WSM Williams-Sonoma Inc. | Add +58.7% | 0.19% | +0.05 |
| SPTI SS SPDR P Int Term TSY ETF | Add +18.4% | 0.52% | +0.05 |
| MOH Molina Healthcare Inc. | Add +154.2% | 0.09% | +0.05 |
| CVS CVS Health Corp. | Add +35.1% | 0.32% | +0.05 |
| DOCU Docusign Inc. | Add +0.1% | 0.31% | +0.05 |
| FEZ State Street SPDR Euro Stoxx | Add +176.9% | 0.09% | +0.05 |
| TEAM Atlassian Corp. Class A | New | 0.05% | +0.05 |
| GEV GE Vernova Inc. | Add +207.9% | 0.07% | +0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +53.7% | 0.15% | +0.05 |
| T AT&T Inc. | Add +49.1% | 0.13% | +0.05 |
| FAST Fastenal Co. | Add +6.3% | 0.25% | +0.05 |
| LMT Lockheed Martin Corp. | Add +2.1% | 0.46% | +0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +25.5% | 0.28% | +0.05 |
Notes & Other Activity Q2 2024 → Q3 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +4.7% | 292 | $361K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -58.0% | 173 | $214K |
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 |