# Level Financial Advisors

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1871734. Source: https://holderbook.com/funds/1871734-level-financial-advisors/

- Reported value: $447.5M
- Positions: 95
- Weight of the ten largest: 55.0%
- Filed: 2026-07-15

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 |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $64.5M | 93,946 | 14.4% | 19 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $34.6M | 485,706 | 7.7% | 19 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $31.0M | 532,912 | 6.9% | 19 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $18.5M | 237,879 | 4.1% | 19 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $18.2M | 435,560 | 4.1% | 17 |
| DIMENSIONAL ETF TRUST | [DFGR](https://holderbook.com/stocks/DFGR/) | $17.9M | 618,117 | 4.0% | 14 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $16.4M | 404,242 | 3.7% | 14 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $15.2M | 176,907 | 3.4% | 19 |
| DIMENSIONAL ETF TRUST | [DFIP](https://holderbook.com/stocks/DFIP/) | $15.0M | 362,625 | 3.3% | 14 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $14.9M | 188,449 | 3.3% | 19 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $13.4M | 287,255 | 3.0% | 19 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $12.9M | 59,363 | 2.9% | 19 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $12.4M | 255,969 | 2.8% | 19 |
| DIMENSIONAL ETF TRUST | [DFLV](https://holderbook.com/stocks/DFLV/) | $12.0M | 302,324 | 2.7% | 14 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $10.5M | 190,210 | 2.3% | 17 |
| DIMENSIONAL ETF TRUST | [DFIS](https://holderbook.com/stocks/DFIS/) | $10.0M | 286,576 | 2.2% | 15 |
| AMERICAN CENTY ETF TR | [AVRE](https://holderbook.com/stocks/AVRE/) | $8.2M | 173,162 | 1.8% | 17 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $8.2M | 22,080 | 1.8% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $7.1M | 118,209 | 1.6% | 19 |
| AMERICAN CENTY ETF TR | [AVSC](https://holderbook.com/stocks/AVSC/) | $6.8M | 92,905 | 1.5% | 17 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $6.4M | 66,122 | 1.4% | 19 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $5.6M | 143,779 | 1.2% | 15 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $5.2M | 122,620 | 1.2% | 19 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $5.1M | 34,579 | 1.1% | 6 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $4.8M | 69,302 | 1.1% | 17 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $3.6M | 29,189 | 0.8% | 19 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $3.6M | 88,314 | 0.8% | 19 |
| VANGUARD BD INDEX FDS | [BLV](https://holderbook.com/stocks/BLV/) | $3.5M | 51,081 | 0.8% | 9 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.3M | 11,031 | 0.7% | 19 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $3.2M | 41,898 | 0.7% | 19 |
| DIMENSIONAL ETF TRUST | [DFSU](https://holderbook.com/stocks/DFSU/) | $3.1M | 67,307 | 0.7% | 13 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $3.1M | 7,052 | 0.7% | 4 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $2.9M | 32,381 | 0.6% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.4M | 8,407 | 0.5% | 8 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $2.3M | 10,257 | 0.5% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $2.1M | 13,712 | 0.5% | 19 |
| ISHARES TR | [IWC](https://holderbook.com/stocks/IWC/) | $2.0M | 9,769 | 0.4% | 19 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $1.8M | 35,019 | 0.4% | 19 |
| ISHARES TR | [NYF](https://holderbook.com/stocks/NYF/) | $1.7M | 32,184 | 0.4% | 17 |
| DIMENSIONAL ETF TRUST | [DFSI](https://holderbook.com/stocks/DFSI/) | $1.6M | 35,064 | 0.4% | 14 |
| VANGUARD WORLD FD | [VCEB](https://holderbook.com/stocks/VCEB/) | $1.3M | 21,461 | 0.3% | 17 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.3M | 1,783 | 0.3% | 19 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $1.3M | 2,564 | 0.3% | 2 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.3M | 12,152 | 0.3% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.2M | 6,127 | 0.3% | 7 |
| MANAGER DIRECTED PORTFOLIOS | [VGSR](https://holderbook.com/stocks/VGSR/) | $1.2M | 102,899 | 0.3% | 11 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $1.1M | 4,553 | 0.2% | 19 |
| ISHARES TR | [REET](https://holderbook.com/stocks/REET/) | $1.1M | 39,505 | 0.2% | 19 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $1.1M | 19,900 | 0.2% | 17 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $1.0M | 10,032 | 0.2% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $938.9K | 2,627 | 0.2% | 8 |
| ISHARES TR | [SUSB](https://holderbook.com/stocks/SUSB/) | $881.2K | 35,262 | 0.2% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $836.4K | 2,242 | 0.2% | 19 |
| DIMENSIONAL ETF TRUST | [DFSB](https://holderbook.com/stocks/DFSB/) | $801.6K | 15,384 | 0.2% | 13 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $786.6K | 7,651 | 0.2% | 19 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $762.6K | 1,524 | 0.2% | 19 |
| ISHARES TR | [ILTB](https://holderbook.com/stocks/ILTB/) | $739.5K | 15,014 | 0.2% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $710.9K | 2,172 | 0.2% | 19 |
| DIMENSIONAL ETF TRUST | [DFGX](https://holderbook.com/stocks/DFGX/) | $695.8K | 12,982 | 0.2% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $690.0K | 2,895 | 0.2% | 8 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $667.7K | 892 | 0.1% | 6 |
| AMERICAN CENTY ETF TR | [AVLV](https://holderbook.com/stocks/AVLV/) | $661.9K | 7,256 | 0.1% | 7 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $580.1K | 4,539 | 0.1% | 5 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $569.9K | 6,494 | 0.1% | 19 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $558.7K | 4,225 | 0.1% | 18 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $545.0K | 3,318 | 0.1% | 19 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $536.0K | 447 | 0.1% | 19 |
| AMERICAN CENTY ETF TR | [AVSE](https://holderbook.com/stocks/AVSE/) | $505.2K | 6,174 | 0.1% | 14 |
| ISHARES TR | [SUSC](https://holderbook.com/stocks/SUSC/) | $473.4K | 20,448 | 0.1% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $451.8K | 802 | 0.1% | 8 |
| DIMENSIONAL ETF TRUST | [DFSE](https://holderbook.com/stocks/DFSE/) | $426.0K | 8,715 | 0.1% | 7 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $402.8K | 1,693 | 0.1% | 9 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $390.6K | 767 | 0.1% | 13 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $372.0K | 2,721 | 0.1% | 19 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $358.6K | 2,191 | 0.1% | 19 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $326.4K | 3,965 | 0.1% | 18 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $318.7K | 902 | 0.1% | 8 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $316.5K | 847 | 0.1% | 5 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $290.6K | 1,228 | 0.1% | 6 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $288.4K | 5,700 | 0.1% | 9 |
| DIMENSIONAL ETF TRUST | [DFNM](https://holderbook.com/stocks/DFNM/) | $279.1K | 5,775 | 0.1% | 5 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $270.0K | 642 | 0.1% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $266.8K | 362 | 0.1% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $265.6K | 3,720 | 0.1% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $262.7K | 745 | 0.1% | 8 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $260.8K | 222 | 0.1% | 1 |
| MOOG INC | [MOGA](https://holderbook.com/stocks/MOGA/) | $247.9K | 585 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $244.0K | 2,531 | 0.1% | 6 |
| ISHARES TR | [GNMA](https://holderbook.com/stocks/GNMA/) | $243.4K | 5,504 | 0.1% | 15 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $241.3K | 4,771 | 0.1% | 18 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $234.5K | 1,187 | 0.1% | 4 |
| VANGUARD WELLINGTON FD | [VTES](https://holderbook.com/stocks/VTES/) | $232.2K | 2,292 | 0.1% | 12 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $229.8K | 2,162 | 0.1% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $215.8K | 1,302 | 0.0% | 6 |
| PUTNAM ETF TRUST | [FTNY](https://holderbook.com/stocks/FTNY/) | $120.8K | 15,162 | 0.0% | 3 |

## 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 | +8.9% | +14.8% | -5.9% | 100% |
| Q1 2026 | -0.4% | -4.6% | +4.2% | 100% |
| Q4 2025 | +1.3% | +2.4% | -1.0% | 100% |
| Q3 2025 | +4.7% | +7.8% | -3.1% | 100% |
| Q2 2025 | +5.6% | +10.5% | -4.9% | 100% |
| Q1 2025 | -0.7% | -4.6% | +3.9% | 100% |
| Q4 2024 | -2.5% | +2.1% | -4.7% | 100% |
| Q3 2024 | +5.7% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $447.5M | 95 |
| Q1 2026 | $392.1M | 92 |
| Q4 2025 | $378.2M | 95 |
| Q3 2025 | $354.8M | 94 |
| Q2 2025 | $321.4M | 90 |
| Q1 2025 | $294.1M | 85 |
| Q4 2024 | $272.5M | 79 |
| Q3 2024 | $262.0M | 75 |
| Q2 2024 | $230.8M | 67 |
| Q1 2024 | $220.5M | 72 |
| Q4 2023 | $202.3M | 279 |
| Q3 2023 | $178.9M | 286 |