Level Four Advisory Services, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Level Four Advisory Services, LLC reported 842 stock positions worth $3.1 billion. Its top holding was Apple (AAPL) at 4.4% of the portfolio, followed by Level Four Large Cap Growth (LGRO, 3.6%) and Microsoft (MSFT, 2.5%). Compared with Q3 2025, it opened 76 new positions, sold out of 36, added to 411 and reduced 310. The biggest buy was iShares Russell 1000 Value E (IWD, shares +656%) and the biggest sale Lam Research (LRCX, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001696715
- Portfolio Value
- $3.1B (Q4 2025)
- SEC Filing
- 0001696715-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 842 stocks · $3.1B
| AAPL Apple Inc. | 4.43% | 498,031 | $135.4M | Reduce -0.5% |
| LGRO Level Four Large Cap Growth | 3.57% | 2,661,407 | $109.1M | Add +13.7% |
| MSFT Microsoft Corp. | 2.48% | 156,642 | $75.8M | Add +4.5% |
| QQQ Invesco QQQ Trust Series 1 | 2.43% | 120,926 | $74.3M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 1.84% | 243,957 | $56.3M | Add +7.6% |
| NVDA Nvidia Corp. | 1.72% | 281,313 | $52.5M | Add +2.4% |
| GOOGL Alphabet Inc. Class A | 1.65% | 160,777 | $50.3M | Reduce -8.8% |
| TCAF T Rowe PRC Cap Appreciation | 1.45% | 1,159,901 | $44.3M | Add +21.1% |
| VOO Vanguard S&P 500 ETF | 1.35% | 65,829 | $41.3M | Add +12.4% |
| AVGO Broadcom Inc. | 1.29% | 114,195 | $39.5M | Add +1.0% |
| JIRE JPMorgan Int Res Enh Eqty | 1.25% | 511,036 | $38.3M | Add +2.1% |
| SMTH Alps SMTH Cor BD Plus ETF | 1.15% | 1,342,242 | $35.0M | Add +2.9% |
| USFR Wisdomtree Floating Rate Tre | 1.05% | 640,412 | $32.2M | Reduce -4.0% |
| JPM JPMorgan Chase & Co. | 1.04% | 98,877 | $31.9M | Add +1.3% |
| MOAT Vaneck Morningstar Wide Moat | 1.00% | 296,122 | $30.7M | Add +0.3% |
| ABBV Abbvie Inc. | 0.98% | 131,749 | $30.1M | Add +2.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.95% | 362,274 | $29.1M | Add +3.7% |
| META Meta Platforms Inc. Class A | 0.93% | 43,038 | $28.4M | Add +3.3% |
| AGG iShares Core U.S. Aggregate | 0.76% | 231,434 | $23.1M | Add +16.0% |
| MU Micron Technology Inc. | 0.73% | 78,241 | $22.3M | Reduce -20.2% |
| WMT Walmart Inc. | 0.66% | 182,050 | $20.3M | Add +3.8% |
| PTLC Pacer Trendpilot US Large Ca | 0.66% | 364,187 | $20.2M | Reduce -7.7% |
| QQQM Invesco Nasdaq 100 ETF | 0.63% | 76,537 | $19.4M | Reduce -0.3% |
| IWD iShares Russell 1000 Value E | 0.61% | 88,901 | $18.7M | Add +656.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.59% | 36,178 | $18.2M | Reduce -0.5% |
| GLD SPDR Gold Shares | 0.58% | 44,369 | $17.6M | Reduce -24.9% |
| DSTL Distillate US Fundamental St | 0.57% | 293,793 | $17.3M | Add +2.9% |
| C Citigroup Inc. | 0.56% | 147,041 | $17.2M | Reduce -3.1% |
| CAG Conagra Brands Inc. | 0.55% | 975,034 | $16.9M | Add +0.2% |
| GBIL Goldman Sachs Access Treasur | 0.53% | 162,032 | $16.2M | Reduce -17.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.52% | 23,477 | $16.0M | Add +14.5% |
| V Visa Inc. Class A | 0.52% | 45,008 | $15.8M | Add +6.9% |
| GOOG Alphabet Inc. Class C | 0.51% | 49,492 | $15.5M | Add +20.5% |
| JNJ Johnson & Johnson | 0.50% | 73,665 | $15.2M | Add +4.5% |
| NEE Nextera Energy Inc. | 0.47% | 179,812 | $14.4M | Add +1.5% |
| COWZ Pacer US Cash Cows 100 ETF | 0.47% | 237,698 | $14.3M | Add +2.5% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.46% | 535,492 | $14.2M | Add +2.5% |
| MS Morgan Stanley | 0.46% | 79,071 | $14.0M | Reduce -23.9% |
| SPTI SS SPDR P Int Term TSY ETF | 0.46% | 482,652 | $13.9M | Add +0.5% |
| UNH Unitedhealth Group Inc. | 0.43% | 40,103 | $13.2M | Add +13.5% |
| GS Goldman Sachs Group Inc. | 0.43% | 15,022 | $13.2M | Reduce -1.7% |
| UBER Uber Technologies Inc. | 0.43% | 161,464 | $13.2M | Add +1.5% |
| IVW iShares S&P 500 Growth ETF | 0.43% | 106,824 | $13.2M | Reduce -0.7% |
| SMH Vaneck Semiconductor ETF | 0.42% | 35,613 | $12.8M | Add +12.0% |
| XLK SS Technology Select Sector | 0.39% | 83,301 | $12.0M | Reduce -1.0% |
| LMT Lockheed Martin Corp. | 0.39% | 24,362 | $11.8M | Add +3.4% |
| RDVY First Trust Rising Dividend | 0.39% | 169,568 | $11.8M | Add +7.7% |
| HD Home Depot Inc. | 0.38% | 34,172 | $11.8M | Reduce -15.1% |
| EFA iShares MSCI Eafe ETF | 0.38% | 122,231 | $11.7M | Add +91.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.38% | 34,482 | $11.6M | Add +6.0% |
| CMI Cummins Inc. | 0.37% | 21,901 | $11.2M | Reduce -0.2% |
| AMD Advanced Micro Devices | 0.36% | 51,640 | $11.1M | Add +45.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.36% | 71,207 | $10.9M | Reduce -3.4% |
| IJH iShares Core S&P Midcap ETF | 0.36% | 164,593 | $10.9M | Add +5.8% |
| CAT Caterpillar Inc. | 0.35% | 18,714 | $10.7M | Add +3.1% |
| IWM iShares Russell 2000 ETF | 0.34% | 42,818 | $10.5M | Add +123.6% |
| PAAA Pgim Aaa Clo ETF | 0.34% | 205,370 | $10.5M | Add +85.3% |
| FCNCA First Citizens Bcshs Class A | 0.34% | 4,864 | $10.4M | Reduce -2.1% |
| TSLA Tesla Inc. | 0.34% | 23,144 | $10.4M | Reduce -16.7% |
| SNOW Snowflake Inc. | 0.34% | 46,908 | $10.3M | Reduce -33.8% |
| BKNG Booking Holdings Inc. | 0.33% | 1,900 | $10.2M | Reduce -2.4% |
| COP Conocophillips | 0.33% | 108,523 | $10.2M | Reduce -4.2% |
| KLAC KLA Corp. | 0.33% | 8,261 | $10.0M | Reduce -0.3% |
| LRCX Lam Research Corp. | 0.32% | 57,885 | $9.9M | Reduce -50.8% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.32% | 94,274 | $9.7M | Reduce -12.8% |
| TWLO Twilio Inc. Class A | 0.32% | 67,855 | $9.7M | Add +8.2% |
| MCK McKesson Corp. | 0.32% | 11,739 | $9.6M | Reduce -3.2% |
| MA Mastercard Inc. Class A | 0.31% | 16,786 | $9.6M | Add +10.5% |
| CRM Salesforce Inc. | 0.31% | 36,165 | $9.6M | Add +13.7% |
| AMAT Applied Materials Inc. | 0.31% | 36,788 | $9.5M | Reduce -9.6% |
| SPMO Invesco S&P 500 Momentum ETF | 0.31% | 78,877 | $9.4M | Add +12.5% |
| QCOM Qualcomm Inc. | 0.30% | 54,261 | $9.3M | Reduce -1.9% |
| VIG Vanguard Dividend Apprec ETF | 0.30% | 42,107 | $9.3M | Add +11.7% |
| TXN Texas Instruments Inc. | 0.30% | 53,152 | $9.2M | Add +2.8% |
| MCD McDonald's Corp. | 0.30% | 30,005 | $9.2M | Add +7.2% |
| PTNQ Pacer Trendpilot 100 ETF | 0.30% | 114,786 | $9.0M | Reduce -6.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.29% | 163,864 | $9.0M | Reduce -3.0% |
| JPEF JPMorgan Equity Focus ETF | 0.29% | 119,713 | $8.9M | Add +1.6% |
| XOM Exxon Mobil Corp. | 0.29% | 74,200 | $8.9M | Add +8.1% |
| ACIO Aptus Collared Invest Opp | 0.28% | 198,183 | $8.7M | Reduce -5.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 29,032 | $8.6M | Add +5.5% |
| MRK Merck & Co. Inc. | 0.28% | 81,357 | $8.6M | Add +3.9% |
| RH RH | 0.28% | 47,695 | $8.5M | Reduce -8.2% |
| LOW Lowe's Cos Inc. | 0.28% | 35,323 | $8.5M | Add +2.3% |
| LW Lamb Weston Holdings Inc. | 0.28% | 202,565 | $8.5M | Add +0.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.27% | 17,142 | $8.4M | Add +4.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.27% | 32,377 | $8.4M | Add +8.8% |
| RSP Invesco S&P 500 Equal Weight | 0.27% | 42,890 | $8.2M | Add +5.7% |
| VYM Vanguard High DVD Yield ETF | 0.26% | 56,260 | $8.1M | Add +7.9% |
| APA Apa Corp. | 0.26% | 329,758 | $8.1M | Reduce -13.5% |
| MCHP Microchip Technology Inc. | 0.26% | 124,845 | $8.0M | Add +2.8% |
| BLK BlackRock Inc. | 0.26% | 7,380 | $7.9M | Reduce -28.1% |
| CSCO Cisco Systems Inc. | 0.25% | 101,141 | $7.8M | Add +5.7% |
| NFLX Netflix Inc. | 0.25% | 82,838 | $7.8M | Add +3.5% |
| DUSA Davis Select US Equity ETF | 0.25% | 151,321 | $7.7M | Add +1.0% |
| ETN Eaton Corp. PLC | 0.25% | 24,060 | $7.7M | Add +0.5% |
| CVX Chevron Corp. | 0.25% | 50,091 | $7.6M | Add +2.8% |
| XMMO Invesco S&P Midcap Momentum | 0.25% | 55,084 | $7.6M | Add +2.3% |
| IWF iShares Russell 1000 Growth | 0.25% | 16,033 | $7.6M | Add +0.1% |
| LLY Eli Lilly & Co. | 0.24% | 6,967 | $7.5M | Add +13.4% |
Portfolio Sells Q3 2025 → Q4 2025
| LRCX Lam Research Corp. | Reduce -50.8% | 0.32% | −0.21 |
| SNOW Snowflake Inc. | Reduce -33.8% | 0.34% | −0.21 |
| BTAL Agf US Market Neutral Anti-B | Sold out | 0.00% | −0.20 |
| HD Home Depot Inc. | Reduce -15.1% | 0.38% | −0.17 |
| BLK BlackRock Inc. | Reduce -28.1% | 0.26% | −0.15 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -41.1% | 0.16% | −0.15 |
| GBIL Goldman Sachs Access Treasur | Reduce -17.7% | 0.53% | −0.15 |
| GLD SPDR Gold Shares | Reduce -24.9% | 0.58% | −0.14 |
| PYPL PayPal Holdings Inc. | Reduce -29.9% | 0.20% | −0.14 |
| URI United Rentals Inc. | Reduce -71.3% | 0.04% | −0.14 |
| VEA Vanguard Ftse Developed ETF | Reduce -68.9% | 0.05% | −0.12 |
| MS Morgan Stanley | Reduce -23.9% | 0.46% | −0.11 |
| OXY Occidental Petroleum Corp. | Reduce -26.4% | 0.16% | −0.10 |
| USFR Wisdomtree Floating Rate Tre | Reduce -4.0% | 1.05% | −0.09 |
| ROP Roper Technologies Inc. | Reduce -33.2% | 0.12% | −0.09 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -67.4% | 0.04% | −0.09 |
| TSLA Tesla Inc. | Reduce -16.7% | 0.34% | −0.08 |
| RH RH | Reduce -8.2% | 0.28% | −0.08 |
| OC Owens Corning | Reduce -36.3% | 0.07% | −0.08 |
| MPWR Monolithic Power Systems Inc. | Reduce -22.2% | 0.22% | −0.08 |
| PTLC Pacer Trendpilot US Large Ca | Reduce -7.7% | 0.66% | −0.08 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.07 |
| CHD Church & Dwight Co. Inc. | Reduce -28.0% | 0.13% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.5% | 2.43% | −0.07 |
| TROW T Rowe Price Group Inc. | Reduce -12.8% | 0.32% | −0.06 |
| EOG EOG Resources Inc. | Reduce -19.0% | 0.16% | −0.06 |
| ANET Arista Networks Inc. | Reduce -19.7% | 0.14% | −0.06 |
| CELH Celsius Holdings Inc. | Reduce -15.0% | 0.11% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -29.2% | 0.11% | −0.06 |
| INGR Ingredion Inc. | Reduce -30.9% | 0.09% | −0.06 |
| GDXJ Vaneck Junior Gold Miners | Reduce -67.3% | 0.03% | −0.06 |
| CF CF Industries Holdings Inc. | Reduce -17.4% | 0.12% | −0.06 |
| APA Apa Corp. | Reduce -13.5% | 0.26% | −0.05 |
| SHOP Shopify Inc. Class A | Reduce -37.5% | 0.09% | −0.05 |
| ETSY Etsy Inc. | Reduce -17.1% | 0.08% | −0.04 |
| GDX Vaneck Gold Miners ETF | Reduce -21.3% | 0.23% | −0.04 |
| ELV Elevance Health Inc. | Reduce -27.1% | 0.13% | −0.04 |
| ITRI Itron Inc. | Reduce -51.1% | 0.02% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -6.7% | 0.19% | −0.04 |
| LTH Life Time Group Holdings Inc. | Reduce -49.4% | 0.03% | −0.04 |
| CXT Crane NXT Co. | Reduce -25.3% | 0.04% | −0.04 |
| PAYC Paycom Software Inc. | Reduce -16.3% | 0.06% | −0.04 |
| MBLY Mobileye Global Inc. Class A | Reduce -67.0% | 0.01% | −0.03 |
| COP Conocophillips | Reduce -4.2% | 0.33% | −0.03 |
| AGCO Agco Corp. | Reduce -6.4% | 0.23% | −0.03 |
| IPAR Interparfums Inc. | Sold out | 0.00% | −0.03 |
| WSM Williams-Sonoma Inc. | Reduce -3.1% | 0.18% | −0.03 |
| CRWV Coreweave Inc. Class A | Reduce -9.7% | 0.03% | −0.03 |
| PTNQ Pacer Trendpilot 100 ETF | Reduce -6.5% | 0.30% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 0.59% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| IWD iShares Russell 1000 Value E | Add +656.3% | 0.61% | +0.53 |
| LGRO Level Four Large Cap Growth | Add +13.7% | 3.57% | +0.36 |
| TCAF T Rowe PRC Cap Appreciation | Add +21.1% | 1.45% | +0.21 |
| NEAR iShares SH Dba ETF Usd Inc. | New | 0.21% | +0.21 |
| IJUL Innovator International Deve | New | 0.21% | +0.21 |
| IWM iShares Russell 2000 ETF | Add +123.6% | 0.34% | +0.19 |
| MDB Mongodb Inc. | New | 0.18% | +0.18 |
| EFA iShares MSCI Eafe ETF | Add +91.5% | 0.38% | +0.18 |
| AMD Advanced Micro Devices | Add +45.9% | 0.36% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +20.5% | 0.51% | +0.17 |
| PAAA Pgim Aaa Clo ETF | Add +85.3% | 0.34% | +0.15 |
| ISRG Intuitive Surgical Inc. | Add +613.4% | 0.16% | +0.14 |
| AMZN Amazon.com Inc. | Add +7.6% | 1.84% | +0.14 |
| FENI Fidelity Enhanced Intl ETF | New | 0.13% | +0.13 |
| VOO Vanguard S&P 500 ETF | Add +12.4% | 1.35% | +0.12 |
| RAL Ralliant Corp. | Add +492.0% | 0.14% | +0.12 |
| SNDK Sandisk Corp. | Add +43.5% | 0.17% | +0.11 |
| TWLO Twilio Inc. Class A | Add +8.2% | 0.32% | +0.10 |
| CPRT Copart Inc. | Add +340.1% | 0.13% | +0.09 |
| LLY Eli Lilly & Co. | Add +13.4% | 0.24% | +0.08 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +56.8% | 0.23% | +0.07 |
| AGG iShares Core U.S. Aggregate | Add +16.0% | 0.76% | +0.07 |
| IAU iShares Gold Trust | Add +54.4% | 0.16% | +0.06 |
| SMH Vaneck Semiconductor ETF | Add +12.0% | 0.42% | +0.06 |
| QYLD Global X Nasd 100 Cov Call | Add +341.7% | 0.08% | +0.06 |
| SFBS Servisfirst Bancshares Inc. | New | 0.06% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +14.5% | 0.52% | +0.06 |
| CRM Salesforce Inc. | Add +13.7% | 0.31% | +0.06 |
| MRK Merck & Co. Inc. | Add +3.9% | 0.28% | +0.06 |
| CAT Caterpillar Inc. | Add +3.1% | 0.35% | +0.05 |
| JNJ Johnson & Johnson | Add +4.5% | 0.50% | +0.05 |
| SANM Sanmina Corp. | New | 0.05% | +0.05 |
| WMT Walmart Inc. | Add +3.8% | 0.66% | +0.04 |
| ISCG iShares Morningstar Small-Ca | Add +54.5% | 0.13% | +0.04 |
| SGOV iShares 0-3 Month Treasury B | Add +93.2% | 0.09% | +0.04 |
| JEPI JPMorgan Equity Premium Inco | Add +32.9% | 0.20% | +0.04 |
| BX Blackstone Inc. | Add +82.2% | 0.11% | +0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Add +25.9% | 0.14% | +0.04 |
| VCLT Vanguard Long-Term Corp. Bond | Add +296.8% | 0.05% | +0.04 |
| WDC Western Digital Corp. | Add +41.6% | 0.08% | +0.04 |
| SLV iShares Silver Trust | Add +0.7% | 0.12% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | Add +25.5% | 0.20% | +0.04 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +56.9% | 0.10% | +0.03 |
| CELC Celcuity Inc. | New | 0.03% | +0.03 |
| AXP American Express Co. | Add +20.4% | 0.14% | +0.03 |
| PINK Simplify Health Care ETF | New | 0.03% | +0.03 |
| FBND Fidelity Total Bond ETF | Add +21.4% | 0.23% | +0.03 |
| CSCO Cisco Systems Inc. | Add +5.7% | 0.25% | +0.03 |
| HCA HCA Healthcare Inc. | Add +70.6% | 0.07% | +0.03 |
| BRC Brady Corporation Class A | New | 0.03% | +0.03 |
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 |