Level Four Advisory Services, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Level Four Advisory Services, LLC reported 751 stock positions worth $2.4 billion. Its top holding was Apple (AAPL) at 5.2% of the portfolio, followed by Level Four Large Cap Growth (LGRO, 3.1%) and Invesco QQQ Trust Series 1 (QQQ, 2.9%). Compared with Q3 2024, it opened 48 new positions, sold out of 60, added to 359 and reduced 311. The biggest buy was iShares Russell 1000 Value E (IWD, shares +1911%) and the biggest sale Invesco Russell 1000 DYN M/F (OMFL, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001696715
- Portfolio Value
- $2.4B (Q4 2024)
- SEC Filing
- 0001085146-25-001041 ↗ filed Feb 12, 2025
Holdings Value
Holdings 751 stocks · $2.4B
| AAPL Apple Inc. | 5.20% | 507,601 | $127.1M | Reduce -0.7% |
| LGRO Level Four Large Cap Growth | 3.13% | 2,198,022 | $76.5M | Add +3.2% |
| QQQ Invesco QQQ Trust Series 1 | 2.86% | 136,990 | $70.0M | Reduce -1.1% |
| MSFT Microsoft Corp. | 2.45% | 141,959 | $59.8M | Add +2.0% |
| AMZN Amazon.com Inc. | 2.07% | 230,371 | $50.5M | Add +1.6% |
| NVDA Nvidia Corp. | 1.48% | 270,449 | $36.3M | Add +0.3% |
| USFR Wisdomtree Floating Rate Tre | 1.30% | 630,856 | $31.7M | Add +0.6% |
| MOAT Vaneck Morningstar Wide Moat | 1.26% | 332,704 | $30.9M | Add +4.1% |
| VOO Vanguard S&P 500 ETF | 1.22% | 55,469 | $29.9M | Reduce -8.7% |
| GOOGL Alphabet Inc. Class A | 1.20% | 155,035 | $29.3M | Add +4.4% |
| AVGO Broadcom Inc. | 1.20% | 126,332 | $29.3M | Add +5.4% |
| CAG Conagra Brands Inc. | 1.10% | 974,025 | $27.0M | Reduce -0.0% |
| META Meta Platforms Inc. Class A | 1.09% | 45,451 | $26.6M | Add +6.0% |
| TCAF T Rowe PRC Cap Appreciation | 1.03% | 754,423 | $25.1M | Add +7.5% |
| JPM JPMorgan Chase & Co. | 0.97% | 99,025 | $23.7M | Add +0.5% |
| JIRE JPMorgan Int Res Enh Eqty | 0.96% | 400,284 | $23.4M | Reduce -7.7% |
| IWD iShares Russell 1000 Value E | 0.95% | 125,288 | $23.2M | Add +1910.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.94% | 335,362 | $23.1M | Add +1.4% |
| ABBV Abbvie Inc. | 0.92% | 127,149 | $22.6M | Reduce -5.6% |
| PTLC Pacer Trendpilot US Large Ca | 0.84% | 386,248 | $20.6M | Reduce -1.5% |
| AGG iShares Core U.S. Aggregate | 0.76% | 192,633 | $18.7M | Add +3.6% |
| GBIL Goldman Sachs Access Treasur | 0.75% | 184,388 | $18.4M | Add +2.2% |
| UNH Unitedhealth Group Inc. | 0.70% | 33,760 | $17.1M | Reduce -1.1% |
| WMT Walmart Inc. | 0.63% | 170,018 | $15.4M | Reduce -4.2% |
| EFA iShares MSCI Eafe ETF | 0.62% | 201,166 | $15.2M | Add +222.3% |
| HD Home Depot Inc. | 0.62% | 38,922 | $15.1M | Reduce -2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.61% | 25,545 | $15.0M | Add +5.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.60% | 32,503 | $14.7M | Add +1.2% |
| DSTL Distillate US Fundamental St | 0.59% | 261,831 | $14.4M | Reduce -0.7% |
| MS Morgan Stanley | 0.58% | 113,370 | $14.3M | Add +3.7% |
| LW Lamb Weston Holdings Inc. | 0.55% | 202,486 | $13.5M | Reduce -0.1% |
| GLD SPDR Gold Shares | 0.55% | 55,707 | $13.5M | Add +1.3% |
| V Visa Inc. Class A | 0.54% | 41,521 | $13.1M | Add +2.2% |
| SPTI SS SPDR P Int Term TSY ETF | 0.51% | 449,066 | $12.5M | Add +2.3% |
| COWZ Pacer US Cash Cows 100 ETF | 0.49% | 210,831 | $11.9M | Add +0.9% |
| C Citigroup Inc. | 0.49% | 169,099 | $11.9M | Add +6.8% |
| BKNG Booking Holdings Inc. | 0.48% | 2,345 | $11.7M | Add +1.7% |
| IVW iShares S&P 500 Growth ETF | 0.46% | 111,725 | $11.3M | Reduce -0.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.46% | 53,390 | $11.2M | Add +3.0% |
| IWM iShares Russell 2000 ETF | 0.45% | 50,323 | $11.1M | Add +317.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.45% | 97,943 | $11.1M | Add +5.7% |
| RSP Invesco S&P 500 Equal Weight | 0.45% | 63,016 | $11.0M | Add +48.9% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.45% | 418,608 | $11.0M | Reduce -17.6% |
| BLK BlackRock Inc. | 0.45% | 10,686 | $11.0M | New |
| SNOW Snowflake Inc. | 0.45% | 70,614 | $10.9M | Add +91.1% |
| JPEF JPMorgan Equity Focus ETF | 0.45% | 162,299 | $10.9M | Add +4.7% |
| PYPL PayPal Holdings Inc. | 0.44% | 127,048 | $10.8M | Add +5.0% |
| UBER Uber Technologies Inc. | 0.44% | 177,983 | $10.7M | Add +7.6% |
| SCHD Schwab US DVD Equity ETF | 0.43% | 386,146 | $10.5M | Reduce -68.3% |
| CRM Salesforce Inc. | 0.42% | 30,757 | $10.3M | Add +4.2% |
| FCNCA First Citizens Bcshs Class A | 0.42% | 4,838 | $10.2M | Add +9.2% |
| LMT Lockheed Martin Corp. | 0.40% | 20,378 | $9.9M | Add +2.2% |
| DOCU Docusign Inc. | 0.39% | 106,826 | $9.6M | Add +2.3% |
| GS Goldman Sachs Group Inc. | 0.39% | 16,696 | $9.6M | Add +7.3% |
| NFLX Netflix Inc. | 0.38% | 10,481 | $9.3M | Add +6.0% |
| TSLA Tesla Inc. | 0.38% | 23,097 | $9.3M | Add +2.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.38% | 76,978 | $9.3M | Add +8.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.38% | 31,753 | $9.2M | Add +1.3% |
| XLK SS Technology Select Sector | 0.37% | 39,115 | $9.1M | Reduce -3.7% |
| JNJ Johnson & Johnson | 0.37% | 62,817 | $9.1M | Reduce -2.7% |
| PTNQ Pacer Trendpilot 100 ETF | 0.36% | 118,215 | $8.8M | Reduce -0.2% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.36% | 88,557 | $8.7M | Add +6.7% |
| ALSN Allison Transmission Holding | 0.36% | 80,527 | $8.7M | Add +4.7% |
| TWLO Twilio Inc. Class A | 0.35% | 79,349 | $8.6M | Add +2.0% |
| TXN Texas Instruments Inc. | 0.35% | 45,140 | $8.5M | Add +0.4% |
| ACIO Aptus Collared Invest Opp | 0.34% | 207,469 | $8.3M | Reduce -0.3% |
| MA Mastercard Inc. Class A | 0.34% | 15,778 | $8.3M | Add +3.6% |
| QCOM Qualcomm Inc. | 0.33% | 52,804 | $8.1M | Add +7.0% |
| MCK McKesson Corp. | 0.33% | 14,160 | $8.1M | Add +1.4% |
| MCD McDonald's Corp. | 0.32% | 27,377 | $7.9M | Add +3.1% |
| NEE Nextera Energy Inc. | 0.32% | 110,379 | $7.9M | Add +3.1% |
| MRK Merck & Co. Inc. | 0.32% | 79,422 | $7.9M | Reduce -0.3% |
| NOW ServiceNow Inc. | 0.32% | 7,418 | $7.9M | Reduce -3.7% |
| PG The Procter & Gamble Co. | 0.32% | 46,697 | $7.8M | Reduce -2.5% |
| LOW Lowe's Cos Inc. | 0.32% | 31,514 | $7.8M | Add +0.3% |
| LRCX Lam Research Corp. | 0.31% | 106,442 | $7.7M | New |
| ICE Intercontinental Exchange Inc. | 0.31% | 50,618 | $7.5M | Add +4.3% |
| EOG EOG Resources Inc. | 0.31% | 61,089 | $7.5M | Add +5.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 167,294 | $7.4M | Reduce -4.3% |
| ETN Eaton Corp. PLC | 0.30% | 22,066 | $7.3M | Reduce -2.8% |
| OUSM Alps Oshares US Small-Cap Qu | 0.30% | 167,402 | $7.3M | Add +6.8% |
| IJH iShares Core S&P Midcap ETF | 0.30% | 117,213 | $7.3M | Reduce -1.1% |
| VIG Vanguard Dividend Apprec ETF | 0.30% | 37,289 | $7.3M | Reduce -30.2% |
| CHD Church & Dwight Co. Inc. | 0.30% | 69,258 | $7.3M | Add +7.1% |
| CMI Cummins Inc. | 0.29% | 20,704 | $7.2M | Add +1.8% |
| XOM Exxon Mobil Corp. | 0.29% | 66,878 | $7.2M | Reduce -2.9% |
| AFL Aflac Inc. | 0.29% | 68,828 | $7.1M | Reduce -3.6% |
| RH RH | 0.29% | 18,047 | $7.1M | Add +5.4% |
| GOOG Alphabet Inc. Class C | 0.29% | 36,914 | $7.0M | Add +4.2% |
| COP Conocophillips | 0.29% | 70,537 | $7.0M | Reduce -2.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.29% | 81,159 | $7.0M | Reduce -17.0% |
| XLF SS Financial Select Sector | 0.28% | 143,287 | $6.9M | Reduce -0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.28% | 28,699 | $6.9M | Add +6.5% |
| PTMC Pacer Trendpilot US Mid Cap | 0.28% | 186,792 | $6.9M | Reduce -0.2% |
| XMMO Invesco S&P Midcap Momentum | 0.28% | 55,467 | $6.9M | Add +4.1% |
| AMP Ameriprise Financial Inc. | 0.28% | 12,844 | $6.8M | Add +0.1% |
| VZ Verizon Communications Inc. | 0.27% | 164,868 | $6.6M | Add +1.2% |
| SMH Vaneck Semiconductor ETF | 0.27% | 27,118 | $6.6M | Add +2.4% |
| WSM Williams-Sonoma Inc. | 0.27% | 35,367 | $6.5M | Add +5.7% |
| CVX Chevron Corp. | 0.27% | 45,171 | $6.5M | Reduce -7.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $210K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 172 | $210K | Reduce -0.6% |
Total filed on the 13F, all lines: $2.4B.
Portfolio Sells Q3 2024 → Q4 2024
| OMFL Invesco Russell 1000 DYN M/F | Reduce -93.9% | 0.02% | −0.29 |
| ABBV Abbvie Inc. | Reduce -5.6% | 0.92% | −0.23 |
| DBX Dropbox Inc. Class A | Sold out | 0.00% | −0.21 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.18 |
| JIRE JPMorgan Int Res Enh Eqty | Reduce -7.7% | 0.96% | −0.18 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -17.0% | 0.29% | −0.18 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -17.6% | 0.45% | −0.14 |
| VIG Vanguard Dividend Apprec ETF | Reduce -30.2% | 0.30% | −0.14 |
| CVS CVS Health Corp. | Reduce -26.6% | 0.18% | −0.14 |
| VOO Vanguard S&P 500 ETF | Reduce -8.7% | 1.22% | −0.12 |
| UNH Unitedhealth Group Inc. | Reduce -1.1% | 0.70% | −0.11 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -65.6% | 0.05% | −0.11 |
| LW Lamb Weston Holdings Inc. | Reduce -0.1% | 0.55% | −0.11 |
| AGCO Agco Corp. | Reduce -26.6% | 0.20% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -23.1% | 0.22% | −0.09 |
| CAG Conagra Brands Inc. | Reduce -0.0% | 1.10% | −0.08 |
| CMCSA Comcast Corp. Class A | Reduce -12.6% | 0.22% | −0.08 |
| DGRO iShares Core Dividend Growth | Reduce -36.8% | 0.12% | −0.08 |
| TGT Target Corp. | Reduce -24.1% | 0.15% | −0.08 |
| UPS United Parcel Service Class B | Reduce -17.1% | 0.22% | −0.07 |
| GDX Vaneck Gold Miners ETF | Reduce -14.7% | 0.16% | −0.07 |
| APA Apa Corp. | Reduce -20.1% | 0.21% | −0.07 |
| LEA Lear Corp. | Reduce -22.8% | 0.19% | −0.07 |
| ROP Roper Technologies Inc. | Reduce -18.5% | 0.21% | −0.07 |
| JNJ Johnson & Johnson | Reduce -2.7% | 0.37% | −0.06 |
| ELV Elevance Health Inc. | Reduce -18.2% | 0.16% | −0.06 |
| IEF iShares 7-10 Year Treasury B | Reduce -19.7% | 0.20% | −0.06 |
| VFH Vanguard Financials ETF | Sold out | 0.00% | −0.06 |
| IYF iShares US Financials ETF | Sold out | 0.00% | −0.06 |
| DINO HF Sinclair Corp. | Reduce -26.6% | 0.10% | −0.06 |
| SCHD Schwab US DVD Equity ETF | Reduce -68.3% | 0.43% | −0.05 |
| OXY Occidental Petroleum Corp. | Reduce -13.9% | 0.24% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -21.4% | 0.20% | −0.05 |
| VYM Vanguard High DVD Yield ETF | Reduce -21.1% | 0.16% | −0.05 |
| COP Conocophillips | Reduce -2.7% | 0.29% | −0.05 |
| URI United Rentals Inc. | Reduce -5.5% | 0.18% | −0.05 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Reduce -46.6% | 0.05% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -2.9% | 0.29% | −0.04 |
| AMD Advanced Micro Devices | Reduce -0.8% | 0.18% | −0.04 |
| ENV Envestnet Inc. | Sold out | 0.00% | −0.04 |
| HD Home Depot Inc. | Reduce -2.0% | 0.62% | −0.04 |
| CEF Sprott Physical Gold and Sil | Reduce -7.8% | 0.19% | −0.04 |
| NXPI NXP Semiconductors NV | Reduce -35.2% | 0.05% | −0.04 |
| CVX Chevron Corp. | Reduce -7.2% | 0.27% | −0.04 |
| VALE Vale SA-SP ADR | Reduce -60.4% | 0.02% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -15.2% | 0.25% | −0.03 |
| FOXF Fox Factory Holding Corp. | Sold out | 0.00% | −0.03 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -9.9% | 0.23% | −0.03 |
| PEP Pepsico Inc. | Reduce -3.1% | 0.19% | −0.03 |
| LNG Cheniere Energy Inc. | Reduce -66.8% | 0.02% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| IWD iShares Russell 1000 Value E | Add +1910.7% | 0.95% | +0.90 |
| BLK BlackRock Inc. | New | 0.45% | +0.45 |
| EFA iShares MSCI Eafe ETF | Add +222.3% | 0.62% | +0.41 |
| IWM iShares Russell 2000 ETF | Add +317.6% | 0.45% | +0.34 |
| AVGO Broadcom Inc. | Add +5.4% | 1.20% | +0.34 |
| LRCX Lam Research Corp. | New | 0.31% | +0.31 |
| AMZN Amazon.com Inc. | Add +1.6% | 2.07% | +0.29 |
| SNOW Snowflake Inc. | Add +91.1% | 0.45% | +0.27 |
| LGRO Level Four Large Cap Growth | Add +3.2% | 3.13% | +0.17 |
| GATX Gatx Corp. | New | 0.16% | +0.16 |
| TSLA Tesla Inc. | Add +2.1% | 0.38% | +0.14 |
| RSP Invesco S&P 500 Equal Weight | Add +48.9% | 0.45% | +0.14 |
| GOOGL Alphabet Inc. Class A | Add +4.4% | 1.20% | +0.13 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.11% | +0.11 |
| DOCU Docusign Inc. | Add +2.3% | 0.39% | +0.09 |
| TLT iShares 20+ Year Treasury BD | Add +471.2% | 0.11% | +0.09 |
| TWLO Twilio Inc. Class A | Add +2.0% | 0.35% | +0.09 |
| WSM Williams-Sonoma Inc. | Add +5.7% | 0.27% | +0.08 |
| ET Energy Transfer LP | Add +248.9% | 0.10% | +0.08 |
| NFLX Netflix Inc. | Add +6.0% | 0.38% | +0.07 |
| MSFT Microsoft Corp. | Add +2.0% | 2.45% | +0.07 |
| EPD Enterprise Products Partners | Add +71.3% | 0.14% | +0.07 |
| META Meta Platforms Inc. Class A | Add +6.0% | 1.09% | +0.06 |
| RH RH | Add +5.4% | 0.29% | +0.06 |
| TCAF T Rowe PRC Cap Appreciation | Add +7.5% | 1.03% | +0.06 |
| C Citigroup Inc. | Add +6.8% | 0.49% | +0.06 |
| CRM Salesforce Inc. | Add +4.2% | 0.42% | +0.06 |
| FCNCA First Citizens Bcshs Class A | Add +9.2% | 0.42% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +7.3% | 0.39% | +0.05 |
| YETI Yeti Holdings Inc. | New | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.5% | 0.97% | +0.05 |
| MS Morgan Stanley | Add +3.7% | 0.58% | +0.05 |
| TJX TJX Companies Inc. | Add +8.2% | 0.38% | +0.04 |
| V Visa Inc. Class A | Add +2.2% | 0.54% | +0.04 |
| PYPL PayPal Holdings Inc. | Add +5.0% | 0.44% | +0.04 |
| FTSM First Trust Enh Short Mat FD | New | 0.04% | +0.04 |
| MCK McKesson Corp. | Add +1.4% | 0.33% | +0.04 |
| QTUM Defiance Quantum ETF | New | 0.03% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.6% | 0.61% | +0.03 |
| APP AppLovin Corp. Class A | Add +23.3% | 0.06% | +0.03 |
| OSIS Osi Systems Inc. | Add +47.8% | 0.07% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +4.2% | 0.29% | +0.03 |
| SMLR Semler Scientific Inc. | New | 0.03% | +0.03 |
| Z Zillow Group Inc. Class C | Add +3.4% | 0.14% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +20.1% | 0.13% | +0.03 |
| CXT Crane NXT Co. | Add +62.5% | 0.06% | +0.02 |
| QQQM Invesco Nasdaq 100 ETF | Add +3.0% | 0.46% | +0.02 |
| CHD Church & Dwight Co. Inc. | Add +7.1% | 0.30% | +0.02 |
| TROW T Rowe Price Group Inc. | Add +5.7% | 0.45% | +0.02 |
| BKNG Booking Holdings Inc. | Add +1.7% | 0.48% | +0.02 |
Notes & Other Activity Q3 2024 → Q4 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 292 | $361Kbefore exit |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -0.6% | 172 | $210K |
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 |