# LEVEL FOUR ADVISORY SERVICES, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1696715. Source: https://holderbook.com/funds/1696715-level-four-advisory-services-llc/

- Reported value: $3.5B
- Positions: 935
- Weight of the ten largest: 21.2%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $142.8M | 493,660 | 4.0% | 31 |
| ALPS ETF TR | [LGRO](https://holderbook.com/stocks/LGRO/) | $105.9M | 2,441,170 | 3.0% | 12 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $104.4M | 141,765 | 2.9% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $67.9M | 182,005 | 1.9% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $62.6M | 312,879 | 1.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $60.7M | 254,823 | 1.7% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $58.2M | 50,423 | 1.6% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $53.4M | 149,545 | 1.5% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $48.2M | 70,236 | 1.4% | 31 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $47.8M | 543,471 | 1.3% | 26 |
| T ROWE PRICE EXCHANGE-TRADED | [TCAF](https://holderbook.com/stocks/TCAF/) | $45.8M | 1,114,596 | 1.3% | 9 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $45.4M | 120,314 | 1.3% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JIRE](https://holderbook.com/stocks/JIRE/) | $38.6M | 467,614 | 1.1% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $34.0M | 135,146 | 1.0% | 31 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $33.1M | 656,655 | 0.9% | 17 |
| ALPS ETF TR | [SMTH](https://holderbook.com/stocks/SMTH/) | $32.3M | 1,255,537 | 0.9% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $32.1M | 98,167 | 0.9% | 31 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $29.5M | 283,812 | 0.8% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $27.2M | 46,820 | 0.8% | 28 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $27.0M | 41,190 | 0.8% | 14 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $25.3M | 44,855 | 0.7% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $24.4M | 10,722 | 0.7% | 4 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $24.3M | 80,570 | 0.7% | 9 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $22.8M | 75,333 | 0.6% | 11 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $22.0M | 222,404 | 0.6% | 31 |
| PACER FDS TR | [PTLC](https://holderbook.com/stocks/PTLC/) | $21.9M | 375,782 | 0.6% | 30 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $21.6M | 51,931 | 0.6% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $21.4M | 188,690 | 0.6% | 31 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $18.8M | 231,642 | 0.5% | 19 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $18.6M | 133,194 | 0.5% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $17.8M | 50,492 | 0.5% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $17.7M | 84,606 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $17.5M | 47,230 | 0.5% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $17.2M | 16,168 | 0.5% | 31 |
| INVESCO EXCH TRADED FD TR II | [SPMO](https://holderbook.com/stocks/SPMO/) | $17.2M | 106,491 | 0.5% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $16.7M | 65,905 | 0.5% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $16.7M | 87,674 | 0.5% | 31 |
| ETF SER SOLUTIONS | [DSTL](https://holderbook.com/stocks/DSTL/) | $16.6M | 276,915 | 0.5% | 15 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $16.6M | 165,571 | 0.5% | 30 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $16.4M | 55,116 | 0.5% | 27 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $16.3M | 21,835 | 0.5% | 31 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $15.3M | 167,864 | 0.4% | 19 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $15.2M | 173,607 | 0.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $15.2M | 30,381 | 0.4% | 31 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $14.9M | 20,883 | 0.4% | 31 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $14.6M | 105,839 | 0.4% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $14.5M | 39,261 | 0.4% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $14.4M | 14,272 | 0.4% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $14.2M | 41,307 | 0.4% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $14.2M | 183,726 | 0.4% | 31 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $14.1M | 497,633 | 0.4% | 27 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $14.1M | 537,264 | 0.4% | 9 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $14.1M | 226,228 | 0.4% | 19 |
| PGIM ETF TR | [PAAA](https://holderbook.com/stocks/PAAA/) | $13.7M | 267,578 | 0.4% | 5 |
| CONAGRA BRANDS INC | [CAG](https://holderbook.com/stocks/CAG/) | $13.1M | 975,150 | 0.4% | 21 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $12.8M | 50,149 | 0.4% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $12.8M | 36,170 | 0.4% | 31 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $12.7M | 61,358 | 0.4% | 19 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $12.3M | 13,169 | 0.3% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $12.2M | 168,490 | 0.3% | 26 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $11.9M | 114,479 | 0.3% | 31 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $11.6M | 366,061 | 0.3% | 20 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $11.6M | 98,480 | 0.3% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $11.5M | 15,966 | 0.3% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $11.5M | 26,525 | 0.3% | 7 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $11.4M | 110,040 | 0.3% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $11.1M | 26,480 | 0.3% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $11.0M | 46,551 | 0.3% | 31 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $11.0M | 59,454 | 0.3% | 19 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $11.0M | 21,578 | 0.3% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $10.8M | 71,396 | 0.3% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $10.8M | 132,773 | 0.3% | 31 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $10.5M | 109,666 | 0.3% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $10.4M | 48,917 | 0.3% | 31 |
| PACER FDS TR | [PTNQ](https://holderbook.com/stocks/PTNQ/) | $10.4M | 117,178 | 0.3% | 30 |
| FIDELITY COVINGTON TRUST | [FMDE](https://holderbook.com/stocks/FMDE/) | $10.4M | 255,337 | 0.3% | 4 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $10.3M | 55,901 | 0.3% | 31 |
| FIRST CTZNS BANCSHARES INC D | [FCNCA](https://holderbook.com/stocks/FCNCA/) | $10.1M | 4,852 | 0.3% | 16 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $10.1M | 60,631 | 0.3% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $10.0M | 63,109 | 0.3% | 31 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $9.9M | 96,683 | 0.3% | 13 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $9.6M | 295,244 | 0.3% | 9 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $9.5M | 83,813 | 0.3% | 31 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $9.5M | 197,413 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $9.4M | 109,408 | 0.3% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $9.4M | 73,273 | 0.3% | 31 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $9.4M | 6,809 | 0.3% | 31 |
| APTUS COLLARED INV | [ACIO](https://holderbook.com/stocks/ACIO/) | $9.3M | 202,165 | 0.3% | 11 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $9.3M | 27,242 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $9.3M | 115,133 | 0.3% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $9.2M | 21,576 | 0.3% | 20 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $9.0M | 158,765 | 0.3% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $9.0M | 32,004 | 0.3% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $8.9M | 50,697 | 0.3% | 6 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $8.9M | 71,391 | 0.3% | 15 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $8.9M | 18,642 | 0.3% | 31 |
| RH | [RH](https://holderbook.com/stocks/RH/) | $8.9M | 53,935 | 0.3% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $8.9M | 7,377 | 0.3% | 31 |
| LAMB WESTON HLDGS INC | [LW](https://holderbook.com/stocks/LW/) | $8.7M | 202,601 | 0.2% | 21 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $8.7M | 32,146 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.4% | +14.8% | -0.4% | 100% |
| Q1 2026 | -1.3% | -4.6% | +3.4% | 96% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 97% |
| Q3 2025 | +6.7% | +7.8% | -1.1% | 97% |
| Q2 2025 | +7.2% | +10.5% | -3.2% | 97% |
| Q1 2025 | -3.1% | -4.6% | +1.4% | 97% |
| Q4 2024 | -0.1% | +2.1% | -2.3% | 99% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.5B | 935 |
| Q1 2026 | $3.0B | 866 |
| Q4 2025 | $3.1B | 842 |
| Q3 2025 | $2.9B | 802 |
| Q2 2025 | $2.7B | 784 |
| Q1 2025 | $2.4B | 752 |
| Q4 2024 | $2.4B | 752 |
| Q3 2024 | $2.4B | 765 |
| Q2 2024 | $2.2B | 741 |
| Q1 2024 | $1.8B | 770 |
| Q4 2023 | $1.8B | 771 |
| Q3 2023 | $1.6B | 756 |