Level Four Advisory Services, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Level Four Advisory Services, LLC reported 784 stock positions worth $2.7 billion. Its top holding was Apple (AAPL) at 3.9% of the portfolio, followed by Level Four Large Cap Growth (LGRO, 2.9%) and Microsoft (MSFT, 2.8%). Compared with Q1 2025, it opened 67 new positions, sold out of 36, added to 383 and reduced 312. The biggest buy was a new position in Alps SMTH Cor BD Plus ETF (SMTH) and the biggest sale CVS Health (CVS, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001696715
- Portfolio Value
- $2.7B (Q2 2025)
- SEC Filing
- 0001085146-25-004979 ↗ filed Aug 13, 2025
Holdings Value
Holdings 784 stocks · $2.7B
| AAPL Apple Inc. | 3.91% | 516,635 | $106.0M | Add +2.2% |
| LGRO Level Four Large Cap Growth | 2.93% | 2,154,964 | $79.6M | Reduce -6.8% |
| MSFT Microsoft Corp. | 2.82% | 153,636 | $76.4M | Add +3.1% |
| QQQ Invesco QQQ Trust Series 1 | 2.54% | 125,145 | $69.0M | Reduce -5.0% |
| AMZN Amazon.com Inc. | 1.83% | 226,582 | $49.7M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.68% | 289,117 | $45.7M | Add +10.6% |
| MOAT Vaneck Morningstar Wide Moat | 1.24% | 357,975 | $33.6M | Add +1.8% |
| AVGO Broadcom Inc. | 1.22% | 119,936 | $33.1M | Add +2.4% |
| SMTH Alps SMTH Cor BD Plus ETF | 1.21% | 1,271,655 | $32.9M | New |
| TCAF T Rowe PRC Cap Appreciation | 1.19% | 914,706 | $32.3M | Add +2.5% |
| META Meta Platforms Inc. Class A | 1.19% | 43,579 | $32.2M | Reduce -4.0% |
| VOO Vanguard S&P 500 ETF | 1.18% | 56,416 | $32.0M | Add +15.7% |
| GOOGL Alphabet Inc. Class A | 1.17% | 180,776 | $31.9M | Add +13.8% |
| JIRE JPMorgan Int Res Enh Eqty | 1.17% | 450,142 | $31.9M | Add +3.0% |
| USFR Wisdomtree Floating Rate Tre | 1.15% | 620,611 | $31.2M | Reduce -2.1% |
| JPM JPMorgan Chase & Co. | 1.08% | 101,520 | $29.4M | Reduce -1.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.92% | 343,984 | $25.0M | Add +0.1% |
| ABBV Abbvie Inc. | 0.91% | 133,406 | $24.8M | Add +3.1% |
| CAG Conagra Brands Inc. | 0.73% | 973,966 | $19.9M | Reduce -0.1% |
| PTLC Pacer Trendpilot US Large Ca | 0.73% | 392,514 | $19.9M | Add +0.6% |
| GBIL Goldman Sachs Access Treasur | 0.72% | 193,839 | $19.4M | Add +0.5% |
| GLD SPDR Gold Shares | 0.70% | 61,905 | $18.9M | Add +5.7% |
| AGG iShares Core U.S. Aggregate | 0.68% | 187,313 | $18.6M | Reduce -18.0% |
| WMT Walmart Inc. | 0.65% | 180,885 | $17.7M | Add +6.7% |
| SNOW Snowflake Inc. | 0.65% | 78,334 | $17.5M | Add +22.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.64% | 35,568 | $17.3M | Add +4.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.63% | 75,394 | $17.1M | Add +21.7% |
| UBER Uber Technologies Inc. | 0.58% | 169,305 | $15.8M | Reduce -11.8% |
| DSTL Distillate US Fundamental St | 0.56% | 276,377 | $15.3M | Add +1.8% |
| MS Morgan Stanley | 0.56% | 107,514 | $15.1M | Add +1.1% |
| HD Home Depot Inc. | 0.54% | 40,299 | $14.8M | Add +3.1% |
| C Citigroup Inc. | 0.54% | 172,208 | $14.7M | Add +3.5% |
| V Visa Inc. Class A | 0.53% | 40,596 | $14.4M | Add +1.9% |
| SPTI SS SPDR P Int Term TSY ETF | 0.50% | 474,150 | $13.6M | Add +0.5% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.48% | 494,267 | $13.1M | Reduce -2.9% |
| LRCX Lam Research Corp. | 0.48% | 134,432 | $13.1M | Add +8.8% |
| NEE Nextera Energy Inc. | 0.47% | 181,769 | $12.6M | Add +62.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 20,092 | $12.4M | Reduce -5.7% |
| COWZ Pacer US Cash Cows 100 ETF | 0.45% | 223,912 | $12.3M | Add +3.1% |
| BKNG Booking Holdings Inc. | 0.44% | 2,082 | $12.1M | Reduce -9.5% |
| JPEF JPMorgan Equity Focus ETF | 0.44% | 169,821 | $11.9M | Reduce -1.2% |
| IVW iShares S&P 500 Growth ETF | 0.43% | 106,937 | $11.8M | Reduce -0.9% |
| BLK BlackRock Inc. | 0.43% | 11,138 | $11.7M | Add +2.2% |
| GS Goldman Sachs Group Inc. | 0.43% | 16,406 | $11.6M | Add +0.9% |
| PYPL PayPal Holdings Inc. | 0.43% | 155,487 | $11.6M | Add +16.3% |
| NFLX Netflix Inc. | 0.43% | 8,617 | $11.5M | Reduce -13.3% |
| MU Micron Technology Inc. | 0.42% | 93,479 | $11.5M | Add +24.8% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.42% | 117,194 | $11.3M | Add +14.8% |
| XLK SS Technology Select Sector | 0.42% | 44,627 | $11.3M | Add +15.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.41% | 159,384 | $11.0M | Add +18.1% |
| LMT Lockheed Martin Corp. | 0.39% | 23,101 | $10.7M | Add +2.4% |
| SCHD Schwab US DVD Equity ETF | 0.39% | 403,681 | $10.7M | Add +3.8% |
| RH RH | 0.39% | 56,455 | $10.7M | Add +167.0% |
| TXN Texas Instruments Inc. | 0.39% | 50,843 | $10.6M | Add +5.0% |
| COP Conocophillips | 0.39% | 117,190 | $10.5M | Add +42.3% |
| LW Lamb Weston Holdings Inc. | 0.39% | 202,546 | $10.5M | Add +0.0% |
| JNJ Johnson & Johnson | 0.39% | 68,509 | $10.5M | Add +2.8% |
| FCNCA First Citizens Bcshs Class A | 0.38% | 5,306 | $10.4M | Add +4.8% |
| MCK McKesson Corp. | 0.37% | 13,808 | $10.1M | Reduce -8.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.37% | 81,376 | $10.0M | Add +4.5% |
| UNH Unitedhealth Group Inc. | 0.37% | 31,931 | $10.0M | Reduce -5.1% |
| IJH iShares Core S&P Midcap ETF | 0.35% | 154,534 | $9.6M | Add +4.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 31,420 | $9.5M | Add +1.2% |
| QCOM Qualcomm Inc. | 0.35% | 59,123 | $9.4M | Add +4.3% |
| ICE Intercontinental Exchange Inc. | 0.34% | 51,009 | $9.4M | Reduce -4.5% |
| MA Mastercard Inc. Class A | 0.33% | 15,722 | $8.8M | Reduce -3.1% |
| AMAT Applied Materials Inc. | 0.32% | 48,087 | $8.8M | Add +16.0% |
| TSLA Tesla Inc. | 0.32% | 27,531 | $8.7M | Add +21.0% |
| ACIO Aptus Collared Invest Opp | 0.32% | 211,201 | $8.7M | Reduce -0.5% |
| PTNQ Pacer Trendpilot 100 ETF | 0.32% | 122,128 | $8.7M | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 182,569 | $8.6M | Add +5.0% |
| CRM Salesforce Inc. | 0.32% | 31,589 | $8.6M | Reduce -4.6% |
| MCHP Microchip Technology Inc. | 0.31% | 119,292 | $8.4M | Add +2.9% |
| TWLO Twilio Inc. Class A | 0.31% | 67,349 | $8.4M | Reduce -3.2% |
| AGCO Agco Corp. | 0.31% | 81,011 | $8.4M | Add +3.0% |
| ETN Eaton Corp. PLC | 0.31% | 23,276 | $8.3M | Add +8.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 27,783 | $8.2M | Reduce -5.2% |
| MCD McDonald's Corp. | 0.29% | 27,265 | $8.0M | Reduce -4.5% |
| ROP Roper Technologies Inc. | 0.29% | 13,918 | $7.9M | Reduce -2.6% |
| EOG EOG Resources Inc. | 0.29% | 65,581 | $7.8M | Add +3.1% |
| MPWR Monolithic Power Systems Inc. | 0.29% | 10,615 | $7.8M | Add +13.8% |
| RSP Invesco S&P 500 Equal Weight | 0.28% | 42,546 | $7.7M | Reduce -34.9% |
| ALSN Allison Transmission Holding | 0.28% | 81,362 | $7.7M | Add +2.2% |
| APA Apa Corp. | 0.28% | 422,426 | $7.7M | Add +11.1% |
| NOW ServiceNow Inc. | 0.28% | 7,434 | $7.6M | Add +1.9% |
| VIG Vanguard Dividend Apprec ETF | 0.28% | 37,321 | $7.6M | Reduce -0.3% |
| LEA Lear Corp. | 0.28% | 80,230 | $7.6M | Add +7.8% |
| PG The Procter & Gamble Co. | 0.28% | 47,211 | $7.5M | Add +2.3% |
| LOW Lowe's Cos Inc. | 0.28% | 33,674 | $7.5M | Add +1.3% |
| XLV SS Health Care Select Sector | 0.27% | 55,194 | $7.4M | Add +148.8% |
| KLAC KLA Corp. | 0.27% | 8,234 | $7.4M | Add +0.2% |
| OXY Occidental Petroleum Corp. | 0.27% | 175,376 | $7.4M | Add +13.4% |
| DOCU Docusign Inc. | 0.27% | 94,176 | $7.3M | Reduce -6.9% |
| XOM Exxon Mobil Corp. | 0.27% | 67,772 | $7.3M | Add +1.4% |
| CHD Church & Dwight Co. Inc. | 0.27% | 75,430 | $7.2M | Add +2.1% |
| KO The Coca-Cola Co. | 0.27% | 102,425 | $7.2M | Add +1.5% |
| SMH Vaneck Semiconductor ETF | 0.27% | 25,857 | $7.2M | Add +3.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.26% | 16,345 | $7.2M | Add +22.7% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.26% | 72,892 | $7.2M | Reduce -16.8% |
| CMI Cummins Inc. | 0.26% | 21,586 | $7.1M | Add +0.7% |
Portfolio Sells Q1 2025 → Q2 2025
| CVS CVS Health Corp. | Reduce -93.7% | 0.02% | −0.39 |
| UNH Unitedhealth Group Inc. | Reduce -5.1% | 0.37% | −0.36 |
| CAG Conagra Brands Inc. | Reduce -0.1% | 0.73% | −0.33 |
| IWD iShares Russell 1000 Value E | Reduce -81.0% | 0.06% | −0.26 |
| AGG iShares Core U.S. Aggregate | Reduce -18.0% | 0.68% | −0.24 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.24 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −0.24 |
| RSP Invesco S&P 500 Equal Weight | Reduce -34.9% | 0.28% | −0.18 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.17 |
| USFR Wisdomtree Floating Rate Tre | Reduce -2.1% | 1.15% | −0.16 |
| FIS Fidelity National Info Serv | Reduce -94.1% | 0.01% | −0.12 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.12 |
| IWM iShares Russell 2000 ETF | Reduce -41.6% | 0.15% | −0.12 |
| PFE Pfizer Inc. | Reduce -56.5% | 0.06% | −0.11 |
| PULS Pgim Ultra Short Bond ETF | Sold out | 0.00% | −0.10 |
| LGRO Level Four Large Cap Growth | Reduce -6.8% | 2.93% | −0.09 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.09 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.09 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -2.9% | 0.48% | −0.09 |
| EFA iShares MSCI Eafe ETF | Reduce -27.0% | 0.21% | −0.08 |
| OUSM Alps Oshares US Small-Cap Qu | Reduce -19.6% | 0.22% | −0.08 |
| XMMO Invesco S&P Midcap Momentum | Reduce -24.6% | 0.25% | −0.08 |
| CVX Chevron Corp. | Reduce -1.5% | 0.23% | −0.08 |
| MCD McDonald's Corp. | Reduce -4.5% | 0.29% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -4.9% | 0.21% | −0.07 |
| DOCU Docusign Inc. | Reduce -6.9% | 0.27% | −0.07 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -16.8% | 0.26% | −0.07 |
| TLT iShares 20+ Year Treasury BD | Reduce -49.3% | 0.05% | −0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -38.5% | 0.07% | −0.06 |
| XLI SS Industrial Select Sector | Reduce -30.5% | 0.14% | −0.06 |
| ROP Roper Technologies Inc. | Reduce -2.6% | 0.29% | −0.06 |
| GILD Gilead Sciences Inc. | Reduce -23.2% | 0.11% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -3.4% | 0.23% | −0.05 |
| SBUX Starbucks Corp. | Reduce -1.6% | 0.23% | −0.05 |
| CRM Salesforce Inc. | Reduce -4.6% | 0.32% | −0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -11.7% | 0.12% | −0.05 |
| MUB iShares National Muni Bond E | Reduce -21.4% | 0.11% | −0.05 |
| FTAI Ftai Aviation Ltd. | Reduce -71.2% | 0.02% | −0.04 |
| PLD Prologis Inc. | Reduce -1.8% | 0.21% | −0.04 |
| CCS Century Communities Inc. | Sold out | 0.00% | −0.04 |
| MCK McKesson Corp. | Reduce -8.1% | 0.37% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -3.1% | 0.33% | −0.04 |
| WEC WEC Energy Group Inc. | Reduce -14.2% | 0.10% | −0.04 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | Sold out | 0.00% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -4.5% | 0.34% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.7% | 0.46% | −0.03 |
| XLF SS Financial Select Sector | Reduce -6.7% | 0.22% | −0.03 |
| FLBL Franklin Senior Loan ETF | Sold out | 0.00% | −0.03 |
| KMB Kimberly-Clark Corp. | Reduce -4.3% | 0.10% | −0.03 |
| GEV GE Vernova Inc. | Reduce -56.9% | 0.06% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| SMTH Alps SMTH Cor BD Plus ETF | New | 1.21% | +1.21 |
| NVDA Nvidia Corp. | Add +10.6% | 1.68% | +0.52 |
| MSFT Microsoft Corp. | Add +3.1% | 2.82% | +0.52 |
| AVGO Broadcom Inc. | Add +2.4% | 1.22% | +0.41 |
| SNOW Snowflake Inc. | Add +22.2% | 0.65% | +0.26 |
| PAAA Pgim Aaa Clo ETF | New | 0.20% | +0.20 |
| RH RH | Add +167.0% | 0.39% | +0.19 |
| FBND Fidelity Total Bond ETF | Add +1235.3% | 0.20% | +0.19 |
| OC Owens Corning | New | 0.18% | +0.18 |
| SPMO Invesco S&P 500 Momentum ETF | Add +753.5% | 0.20% | +0.18 |
| GOOGL Alphabet Inc. Class A | Add +13.8% | 1.17% | +0.16 |
| MU Micron Technology Inc. | Add +24.8% | 0.42% | +0.16 |
| VOO Vanguard S&P 500 ETF | Add +15.7% | 1.18% | +0.15 |
| CRWV Coreweave Inc. Class A | New | 0.15% | +0.15 |
| ANET Arista Networks Inc. | Add +440.4% | 0.17% | +0.14 |
| XLV SS Health Care Select Sector | Add +148.8% | 0.27% | +0.14 |
| NEE Nextera Energy Inc. | Add +62.8% | 0.47% | +0.14 |
| QQQM Invesco Nasdaq 100 ETF | Add +21.7% | 0.63% | +0.14 |
| DXCM Dexcom Inc. | Add +327.4% | 0.17% | +0.14 |
| CELH Celsius Holdings Inc. | Add +381.1% | 0.16% | +0.13 |
| LRCX Lam Research Corp. | Add +8.8% | 0.48% | +0.11 |
| XLK SS Technology Select Sector | Add +15.7% | 0.42% | +0.09 |
| IWF iShares Russell 1000 Growth | Add +46.8% | 0.24% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Add +93.6% | 0.17% | +0.08 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +88.0% | 0.19% | +0.08 |
| TSLA Tesla Inc. | Add +21.0% | 0.32% | +0.08 |
| COIN Coinbase Global Inc. Class A | New | 0.08% | +0.08 |
| MCHP Microchip Technology Inc. | Add +2.9% | 0.31% | +0.08 |
| AMAT Applied Materials Inc. | Add +16.0% | 0.32% | +0.08 |
| COWG Pacer US LRG Cap Cows GR LD | New | 0.08% | +0.08 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +83.5% | 0.17% | +0.07 |
| PYPL PayPal Holdings Inc. | Add +16.3% | 0.43% | +0.07 |
| ETN Eaton Corp. PLC | Add +8.4% | 0.31% | +0.07 |
| IAU iShares Gold Trust | Add +272.5% | 0.09% | +0.06 |
| MPWR Monolithic Power Systems Inc. | Add +13.8% | 0.29% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +0.9% | 0.43% | +0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +22.7% | 0.26% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +56.5% | 0.12% | +0.06 |
| TIP iShares Tips Bond ETF | Add +106.9% | 0.12% | +0.06 |
| C Citigroup Inc. | Add +3.5% | 0.54% | +0.05 |
| WM Waste Management Inc. | Add +93.7% | 0.13% | +0.05 |
| SMH Vaneck Semiconductor ETF | Add +3.8% | 0.27% | +0.05 |
| INTA Intapp Inc. | New | 0.05% | +0.05 |
| BSCR Invesco Bulletshares 2027 CB | New | 0.05% | +0.05 |
| MS Morgan Stanley | Add +1.1% | 0.56% | +0.05 |
| JEPQ JPM Nasdaq Equity Premium | Add +161.6% | 0.08% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +8.4% | 0.12% | +0.04 |
| JBL Jabil Inc. | Add +187.2% | 0.06% | +0.04 |
| NOW ServiceNow Inc. | Add +1.9% | 0.28% | +0.04 |
| KLAC KLA Corp. | Add +0.2% | 0.27% | +0.04 |
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 |