Level Four Advisory Services, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Level Four Advisory Services, LLC reported 752 stock positions worth $2.4 billion. Its top holding was Apple (AAPL) at 4.6% of the portfolio, followed by Level Four Large Cap Growth (LGRO, 3.0%) and Invesco QQQ Trust Series 1 (QQQ, 2.5%). Compared with Q4 2024, it opened 44 new positions, sold out of 43, added to 413 and reduced 263. The biggest buy was CVS Health (CVS, shares +51%) and the biggest sale iShares Russell 1000 Value E (IWD, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001696715
- Portfolio Value
- $2.4B (Q1 2025)
- SEC Filing
- 0001085146-25-003068 ↗ filed May 14, 2025
Holdings Value
Holdings 752 stocks · $2.4B
| AAPL Apple Inc. | 4.62% | 505,583 | $112.3M | Reduce -0.4% |
| LGRO Level Four Large Cap Growth | 3.03% | 2,312,167 | $73.6M | Add +5.2% |
| QQQ Invesco QQQ Trust Series 1 | 2.54% | 131,762 | $61.8M | Reduce -3.8% |
| MSFT Microsoft Corp. | 2.30% | 148,955 | $55.9M | Add +4.9% |
| AMZN Amazon.com Inc. | 1.77% | 226,795 | $43.2M | Reduce -1.6% |
| USFR Wisdomtree Floating Rate Tre | 1.31% | 633,885 | $31.9M | Add +0.5% |
| MOAT Vaneck Morningstar Wide Moat | 1.27% | 351,777 | $31.0M | Add +5.7% |
| TCAF T Rowe PRC Cap Appreciation | 1.19% | 892,652 | $28.8M | Add +18.3% |
| NVDA Nvidia Corp. | 1.17% | 261,484 | $28.3M | Reduce -3.3% |
| JIRE JPMorgan Int Res Enh Eqty | 1.15% | 436,977 | $27.8M | Add +9.2% |
| ABBV Abbvie Inc. | 1.11% | 129,365 | $27.1M | Add +1.7% |
| META Meta Platforms Inc. Class A | 1.08% | 45,378 | $26.2M | Reduce -0.2% |
| CAG Conagra Brands Inc. | 1.07% | 974,884 | $26.0M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 1.04% | 103,284 | $25.3M | Add +4.3% |
| VOO Vanguard S&P 500 ETF | 1.03% | 48,772 | $25.1M | Reduce -12.1% |
| GOOGL Alphabet Inc. Class A | 1.01% | 158,806 | $24.6M | Add +2.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.93% | 343,515 | $22.6M | Add +2.4% |
| AGG iShares Core U.S. Aggregate | 0.93% | 228,331 | $22.6M | Add +18.5% |
| PTLC Pacer Trendpilot US Large Ca | 0.83% | 390,246 | $20.1M | Add +1.0% |
| AVGO Broadcom Inc. | 0.81% | 117,154 | $19.6M | Reduce -7.3% |
| GBIL Goldman Sachs Access Treasur | 0.79% | 192,829 | $19.3M | Add +4.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.75% | 34,122 | $18.2M | Add +5.0% |
| UNH Unitedhealth Group Inc. | 0.72% | 33,651 | $17.6M | Reduce -0.3% |
| GLD SPDR Gold Shares | 0.69% | 58,566 | $16.9M | Add +5.1% |
| WMT Walmart Inc. | 0.61% | 169,494 | $14.9M | Reduce -0.3% |
| DSTL Distillate US Fundamental St | 0.61% | 271,621 | $14.7M | Add +3.7% |
| HD Home Depot Inc. | 0.59% | 39,075 | $14.3M | Add +0.4% |
| UBER Uber Technologies Inc. | 0.58% | 192,031 | $14.0M | Add +7.9% |
| V Visa Inc. Class A | 0.57% | 39,832 | $14.0M | Reduce -4.1% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.57% | 508,864 | $13.9M | Add +21.6% |
| SPTI SS SPDR P Int Term TSY ETF | 0.55% | 471,893 | $13.5M | Add +5.1% |
| MS Morgan Stanley | 0.51% | 106,391 | $12.4M | Reduce -6.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.49% | 61,961 | $12.0M | Add +16.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.49% | 21,295 | $11.9M | Reduce -16.6% |
| COWZ Pacer US Cash Cows 100 ETF | 0.49% | 217,134 | $11.9M | Add +3.0% |
| C Citigroup Inc. | 0.49% | 166,342 | $11.8M | Reduce -1.6% |
| RSP Invesco S&P 500 Equal Weight | 0.47% | 65,323 | $11.3M | Add +3.7% |
| JNJ Johnson & Johnson | 0.45% | 66,662 | $11.1M | Add +6.1% |
| JPEF JPMorgan Equity Focus ETF | 0.45% | 171,945 | $10.9M | Add +5.9% |
| SCHD Schwab US DVD Equity ETF | 0.45% | 388,924 | $10.9M | Add +0.7% |
| LW Lamb Weston Holdings Inc. | 0.44% | 202,486 | $10.8M | No change |
| BKNG Booking Holdings Inc. | 0.44% | 2,301 | $10.6M | Reduce -1.9% |
| BLK BlackRock Inc. | 0.42% | 10,901 | $10.3M | Add +2.0% |
| MCK McKesson Corp. | 0.42% | 15,027 | $10.1M | Add +6.1% |
| LMT Lockheed Martin Corp. | 0.41% | 22,564 | $10.1M | Add +10.7% |
| IVW iShares S&P 500 Growth ETF | 0.41% | 107,918 | $10.0M | Reduce -3.4% |
| CVS CVS Health Corp. | 0.41% | 146,601 | $9.9M | Add +50.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.39% | 77,857 | $9.5M | Add +1.1% |
| FCNCA First Citizens Bcshs Class A | 0.39% | 5,065 | $9.4M | Add +4.7% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.39% | 102,084 | $9.4M | Add +4.2% |
| SNOW Snowflake Inc. | 0.39% | 64,095 | $9.4M | Reduce -9.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.39% | 134,903 | $9.4M | Add +66.2% |
| NFLX Netflix Inc. | 0.38% | 9,937 | $9.3M | Reduce -5.2% |
| ICE Intercontinental Exchange Inc. | 0.38% | 53,440 | $9.2M | Add +5.6% |
| LRCX Lam Research Corp. | 0.37% | 123,616 | $9.0M | Add +16.1% |
| MCD McDonald's Corp. | 0.37% | 28,553 | $8.9M | Add +4.3% |
| MA Mastercard Inc. Class A | 0.37% | 16,231 | $8.9M | Add +2.9% |
| CRM Salesforce Inc. | 0.37% | 33,097 | $8.9M | Add +7.6% |
| GS Goldman Sachs Group Inc. | 0.37% | 16,254 | $8.9M | Reduce -2.6% |
| PYPL PayPal Holdings Inc. | 0.36% | 133,647 | $8.7M | Add +5.2% |
| QCOM Qualcomm Inc. | 0.36% | 56,681 | $8.7M | Add +7.3% |
| TXN Texas Instruments Inc. | 0.36% | 48,438 | $8.7M | Add +7.3% |
| COP Conocophillips | 0.36% | 82,362 | $8.6M | Add +16.8% |
| IJH iShares Core S&P Midcap ETF | 0.35% | 147,599 | $8.6M | Add +25.9% |
| PTNQ Pacer Trendpilot 100 ETF | 0.35% | 121,076 | $8.6M | Add +2.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 31,053 | $8.5M | Reduce -2.2% |
| ROP Roper Technologies Inc. | 0.35% | 14,294 | $8.4M | Add +43.0% |
| DOCU Docusign Inc. | 0.34% | 101,137 | $8.2M | Reduce -5.3% |
| ACIO Aptus Collared Invest Opp | 0.34% | 212,338 | $8.2M | Add +2.4% |
| EOG EOG Resources Inc. | 0.34% | 63,582 | $8.2M | Add +4.1% |
| CHD Church & Dwight Co. Inc. | 0.33% | 73,898 | $8.1M | Add +6.7% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.33% | 87,600 | $8.0M | Reduce -1.1% |
| APA Apa Corp. | 0.33% | 380,102 | $8.0M | Add +69.6% |
| XLK SS Technology Select Sector | 0.33% | 38,559 | $8.0M | Reduce -1.4% |
| XOM Exxon Mobil Corp. | 0.33% | 66,842 | $7.9M | Reduce -0.1% |
| NEE Nextera Energy Inc. | 0.33% | 111,666 | $7.9M | Add +1.2% |
| PG The Procter & Gamble Co. | 0.32% | 46,163 | $7.9M | Reduce -1.1% |
| XMMO Invesco S&P Midcap Momentum | 0.32% | 68,967 | $7.8M | Add +24.3% |
| LOW Lowe's Cos Inc. | 0.32% | 33,258 | $7.8M | Add +5.5% |
| IWD iShares Russell 1000 Value E | 0.31% | 40,694 | $7.7M | Reduce -67.5% |
| OXY Occidental Petroleum Corp. | 0.31% | 154,649 | $7.6M | Add +29.3% |
| ALSN Allison Transmission Holding | 0.31% | 79,587 | $7.6M | Reduce -1.2% |
| CVX Chevron Corp. | 0.31% | 44,978 | $7.5M | Reduce -0.4% |
| OUSM Alps Oshares US Small-Cap Qu | 0.30% | 174,988 | $7.4M | Add +4.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 29,295 | $7.3M | Add +0.9% |
| AGCO Agco Corp. | 0.30% | 78,620 | $7.3M | Add +47.0% |
| VIG Vanguard Dividend Apprec ETF | 0.30% | 37,425 | $7.3M | Add +0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 173,941 | $7.3M | Add +4.0% |
| KO The Coca-Cola Co. | 0.30% | 100,943 | $7.2M | Add +10.5% |
| EFA iShares MSCI Eafe ETF | 0.29% | 87,448 | $7.1M | Reduce -56.5% |
| BTAL Agf US Market Neutral Anti-B | 0.29% | 339,960 | $7.1M | Add +6.2% |
| AFL Aflac Inc. | 0.29% | 62,814 | $7.0M | Reduce -8.7% |
| ELV Elevance Health Inc. | 0.29% | 15,997 | $7.0M | Add +48.0% |
| VZ Verizon Communications Inc. | 0.28% | 152,188 | $6.9M | Reduce -7.7% |
| MRK Merck & Co. Inc. | 0.28% | 76,768 | $6.9M | Reduce -3.3% |
| TWLO Twilio Inc. Class A | 0.28% | 69,556 | $6.8M | Reduce -12.3% |
| SBUX Starbucks Corp. | 0.28% | 69,128 | $6.8M | Add +4.8% |
| CMI Cummins Inc. | 0.28% | 21,438 | $6.7M | Add +3.5% |
| PTMC Pacer Trendpilot US Mid Cap | 0.27% | 192,900 | $6.7M | Add +3.3% |
| HDV iShares Core High Dividend E | 0.27% | 55,055 | $6.7M | Reduce -1.1% |
Portfolio Sells Q4 2024 → Q1 2025
| IWD iShares Russell 1000 Value E | Reduce -67.5% | 0.31% | −0.63 |
| AAPL Apple Inc. | Reduce -0.4% | 4.62% | −0.58 |
| AVGO Broadcom Inc. | Reduce -7.3% | 0.81% | −0.39 |
| EFA iShares MSCI Eafe ETF | Reduce -56.5% | 0.29% | −0.33 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.8% | 2.54% | −0.32 |
| NVDA Nvidia Corp. | Reduce -3.3% | 1.17% | −0.32 |
| AMZN Amazon.com Inc. | Reduce -1.6% | 1.77% | −0.29 |
| VOO Vanguard S&P 500 ETF | Reduce -12.1% | 1.03% | −0.19 |
| IWM iShares Russell 2000 ETF | Reduce -34.9% | 0.27% | −0.19 |
| IEF iShares 7-10 Year Treasury B | Reduce -82.4% | 0.04% | −0.16 |
| TSLA Tesla Inc. | Reduce -1.5% | 0.24% | −0.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -16.6% | 0.49% | −0.12 |
| FLJP Franklin Ftse Japan ETF | Sold out | 0.00% | −0.11 |
| FLMX Franklin Ftse Mexico ETF | Sold out | 0.00% | −0.10 |
| NOW ServiceNow Inc. | Reduce -1.7% | 0.24% | −0.08 |
| MS Morgan Stanley | Reduce -6.2% | 0.51% | −0.07 |
| TWLO Twilio Inc. Class A | Reduce -12.3% | 0.28% | −0.07 |
| SNOW Snowflake Inc. | Reduce -9.2% | 0.39% | −0.06 |
| ETN Eaton Corp. PLC | Reduce -2.7% | 0.24% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -2.7% | 0.23% | −0.06 |
| DOCU Docusign Inc. | Reduce -5.3% | 0.34% | −0.05 |
| SMH Vaneck Semiconductor ETF | Reduce -8.1% | 0.22% | −0.05 |
| IVW iShares S&P 500 Growth ETF | Reduce -3.4% | 0.41% | −0.05 |
| AMP Ameriprise Financial Inc. | Reduce -10.6% | 0.23% | −0.05 |
| WSM Williams-Sonoma Inc. | Reduce -5.2% | 0.22% | −0.05 |
| IVV iShares Core S&P 500 ETF | Reduce -18.1% | 0.18% | −0.05 |
| NDAQ Nasdaq Inc. | Reduce -76.2% | 0.01% | −0.05 |
| XLK SS Technology Select Sector | Reduce -1.4% | 0.33% | −0.04 |
| CBOE Cboe Global Markets Inc. | Sold out | 0.00% | −0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -9.4% | 0.20% | −0.04 |
| ALSN Allison Transmission Holding | Reduce -1.2% | 0.31% | −0.04 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.04 |
| BCPC Balchem Corp. | Sold out | 0.00% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -1.9% | 0.44% | −0.04 |
| ROAD Construction Partners Inc. Class A | Sold out | 0.00% | −0.04 |
| EG Everest Group Ltd. | Sold out | 0.00% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -3.3% | 0.28% | −0.04 |
| APP AppLovin Corp. Class A | Reduce -59.8% | 0.02% | −0.04 |
| FN Fabrinet | Reduce -46.6% | 0.04% | −0.04 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.04 |
| MPC Marathon Petroleum Corp. | Reduce -35.8% | 0.08% | −0.04 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.04 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.04 |
| XLF SS Financial Select Sector | Reduce -15.4% | 0.25% | −0.03 |
| QTUM Defiance Quantum ETF | Sold out | 0.00% | −0.03 |
| SPRX Spear Alpha ETF | Sold out | 0.00% | −0.03 |
| ARGX Argenx SE - ADR | Sold out | 0.00% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -50.2% | 0.04% | −0.03 |
| SHOP Shopify Inc. Class A | Reduce -12.0% | 0.12% | −0.03 |
| GFF Griffon Corp. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| CVS CVS Health Corp. | Add +50.7% | 0.41% | +0.23 |
| ABBV Abbvie Inc. | Add +1.7% | 1.11% | +0.19 |
| JIRE JPMorgan Int Res Enh Eqty | Add +9.2% | 1.15% | +0.19 |
| AGG iShares Core U.S. Aggregate | Add +18.5% | 0.93% | +0.17 |
| TCAF T Rowe PRC Cap Appreciation | Add +18.3% | 1.19% | +0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +5.0% | 0.75% | +0.15 |
| GLD SPDR Gold Shares | Add +5.1% | 0.69% | +0.14 |
| UBER Uber Technologies Inc. | Add +7.9% | 0.58% | +0.14 |
| RDVY First Trust Rising Dividend | Add +133.7% | 0.24% | +0.14 |
| ROP Roper Technologies Inc. | Add +43.0% | 0.35% | +0.13 |
| ELV Elevance Health Inc. | Add +48.0% | 0.29% | +0.12 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +21.6% | 0.57% | +0.12 |
| APA Apa Corp. | Add +69.6% | 0.33% | +0.12 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +66.2% | 0.39% | +0.10 |
| PULS Pgim Ultra Short Bond ETF | New | 0.10% | +0.10 |
| AGCO Agco Corp. | Add +47.0% | 0.30% | +0.10 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +421.1% | 0.11% | +0.09 |
| MCK McKesson Corp. | Add +6.1% | 0.42% | +0.09 |
| JNJ Johnson & Johnson | Add +6.1% | 0.45% | +0.08 |
| LEA Lear Corp. | Add +53.0% | 0.27% | +0.08 |
| MCHP Microchip Technology Inc. | Add +71.5% | 0.23% | +0.07 |
| OXY Occidental Petroleum Corp. | Add +29.3% | 0.31% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +4.3% | 1.04% | +0.07 |
| ICE Intercontinental Exchange Inc. | Add +5.6% | 0.38% | +0.07 |
| COP Conocophillips | Add +16.8% | 0.36% | +0.07 |
| DGRO iShares Core Dividend Growth | Add +53.1% | 0.18% | +0.07 |
| KO The Coca-Cola Co. | Add +10.5% | 0.30% | +0.06 |
| DINO HF Sinclair Corp. | Add +71.4% | 0.17% | +0.06 |
| GATX Gatx Corp. | Add +34.6% | 0.22% | +0.06 |
| LTH Life Time Group Holdings Inc. | Add +255.1% | 0.07% | +0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +69.2% | 0.13% | +0.06 |
| IJH iShares Core S&P Midcap ETF | Add +25.9% | 0.35% | +0.06 |
| LRCX Lam Research Corp. | Add +16.1% | 0.37% | +0.06 |
| CMCSA Comcast Corp. Class A | Add +25.8% | 0.27% | +0.05 |
| IVE iShares S&P 500 Value ETF | Add +29.5% | 0.22% | +0.05 |
| AWK American Water Works Co. Inc. | Add +8.1% | 0.23% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Add +122.8% | 0.09% | +0.05 |
| CTRA Coterra Energy Inc. | Add +10.1% | 0.25% | +0.05 |
| UFPT Ufp Technologies Inc. | Add +672.1% | 0.06% | +0.05 |
| BTAL Agf US Market Neutral Anti-B | Add +6.2% | 0.29% | +0.05 |
| MU Micron Technology Inc. | Add +17.8% | 0.27% | +0.05 |
| MO Altria Group Inc. | Add +9.0% | 0.24% | +0.05 |
| MUB iShares National Muni Bond E | Add +48.3% | 0.15% | +0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +83.6% | 0.10% | +0.05 |
| EL Estee Lauder Companies Class A | Add +133.1% | 0.09% | +0.05 |
| AOS Smith (a.o.) Corp. | Add +30.4% | 0.23% | +0.05 |
| PSX Phillips 66 | Add +15.6% | 0.22% | +0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Add +13.0% | 0.17% | +0.05 |
| PLD Prologis Inc. | Add +13.9% | 0.26% | +0.05 |
| TIP iShares Tips Bond ETF | Add +195.7% | 0.07% | +0.04 |
Notes & Other Activity Q4 2024 → Q1 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 172 | $210Kbefore 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 |