LEVEL FOUR ADVISORY SERVICES, LLC
Long book
$3.05B
Q1 2026
Positions
866
Top-10 weight
20%
concentration
Last quarter
+14.1%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsLEVEL FOUR ADVISORY SERVICES, LLC is an institutional manager, running a $3.05B US long book across 866 positions.
The portfolio is broadly diversified across 866 positions (top 10 only 20%). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, LEVEL FOUR LARGE CAP GROWTH, INVESCO QQQ TRUST SERIES 1, MICROSOFT CORP, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.0%
Q2 2024
+6.0%
Q3 2024
+1.1%
Q4 2024
-2.9%
Q1 2025
+8.0%
Q2 2025
+7.2%
Q3 2025
+2.4%
Q4 2025
-1.2%
Q1 2026
+14.1%
Sector allocation
Technology 34%
Financials 13%
Industrials 12%
Consumer discretionary 11%
Healthcare 7%
Energy 6%
Services media 4%
Utilities 4%
Long book by quarter
What does LEVEL FOUR own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 485.5K | $123.2M | 4.0% | -2.5% |
| MSFT MICROSOFT CORP | Technology | 162.3K | $60.1M | 2.0% | +3.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 250.7K | $52.2M | 1.7% | +2.8% |
| NVDA NVIDIA CORP | Technology | 295.1K | $51.5M | 1.7% | +4.9% |
| GOOGL ALPHABET INC-CL A | Technology | 151.5K | $43.6M | 1.4% | -5.8% |
| AVGO BROADCOM INC | Technology | 116.6K | $36.1M | 1.2% | +2.1% |
| ABBV ABBVIE INC | Healthcare | 132.2K | $28.8M | 0.9% | +0.4% |
| JPM JPMORGAN CHASE & CO | Financials | 95.2K | $28.0M | 0.9% | -3.7% |
| META META PLATFORMS INC-CLASS A | Technology | 44.2K | $25.3M | 0.8% | +2.7% |
| WMT WALMART INC | Consumer discretionary | 183.6K | $22.8M | 0.7% | +0.8% |
| MU MICRON TECHNOLOGY INC | Technology | 53.7K | $18.2M | 0.6% | -31.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 66.2K | $16.2M | 0.5% | -10.1% |
| NEE NEXTERA ENERGY INC | Utilities | 171.7K | $15.9M | 0.5% | -4.5% |
| CAG CONAGRA BRANDS INC | Consumer staples | 975.0K | $15.3M | 0.5% | 0.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 31.5K | $15.1M | 0.5% | -13.0% |
| C CITIGROUP INC | Financials | 131.8K | $15.0M | 0.5% | -10.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 54.6K | $14.8M | 0.5% | +36.1% |
| COP CONOCOPHILLIPS | Energy | 108.8K | $14.4M | 0.5% | +0.3% |
| GOOG ALPHABET INC-CL C | Technology | 50.0K | $14.3M | 0.5% | +0.9% |
| MS MORGAN STANLEY | Financials | 84.7K | $13.9M | 0.5% | +7.1% |
| APA APA CORP | Energy | 316.4K | $13.4M | 0.4% | -4.1% |
| V VISA INC-CLASS A SHARES | Services media | 43.8K | $13.2M | 0.4% | -2.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 13.1K | $13.0M | 0.4% | +115.0% |
| LMT LOCKHEED MARTIN CORP | Industrials | 21.4K | $12.9M | 0.4% | -12.2% |
| SNDK SANDISK CORP | Technology | 19.3K | $12.3M | 0.4% | -13.6% |
| HD HOME DEPOT INC | Consumer discretionary | 36.8K | $12.1M | 0.4% | +7.7% |
| GS GOLDMAN SACHS GROUP INC | Financials | 14.2K | $12.0M | 0.4% | -5.3% |
| UBER UBER TECHNOLOGIES INC | Services media | 166.1K | $11.9M | 0.4% | +2.9% |
| KLAC KLA CORP | Other | 8.0K | $11.8M | 0.4% | -2.9% |
| TJX TJX COMPANIES INC | Consumer discretionary | 70.5K | $11.3M | 0.4% | -1.0% |
| CVX CHEVRON CORP | Energy | 54.3K | $11.2M | 0.4% | +8.5% |
| CAT CATERPILLAR INC | Industrials | 15.7K | $11.1M | 0.4% | -15.9% |
| CMI CUMMINS INC | Industrials | 20.7K | $11.1M | 0.4% | -5.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 54.1K | $11.0M | 0.4% | +4.7% |
| TXN TEXAS INSTRUMENTS INC | Technology | 55.4K | $10.8M | 0.4% | +4.3% |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 165.6K | $10.8M | 0.4% | +41.3% |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 165.8K | $10.7M | 0.4% | +32.8% |
| MCD MCDONALD'S CORP | Consumer discretionary | 31.9K | $9.9M | 0.3% | +6.3% |
| MCK MCKESSON CORP | Consumer discretionary | 11.3K | $9.8M | 0.3% | -3.5% |
| TSLA TESLA INC | Industrials | 25.5K | $9.5M | 0.3% | +10.2% |
| NFLX NETFLIX INC | Services media | 97.3K | $9.4M | 0.3% | +17.4% |
| EOG EOG RESOURCES INC | Energy | 63.8K | $9.2M | 0.3% | +33.1% |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 4.8K | $9.1M | 0.3% | -0.9% |
| SO SOUTHERN CO/THE | Utilities | 93.9K | $9.1M | 0.3% | +94.2% |
| MRK MERCK & CO. INC. | Healthcare | 74.9K | $9.0M | 0.3% | -8.0% |
| XOM EXXON MOBIL CORP | Energy | 51.8K | $8.8M | 0.3% | -30.2% |
| LW LAMB WESTON HOLDINGS INC | Consumer staples | 202.4K | $8.6M | 0.3% | -0.1% |
| KO COCA-COLA CO/THE | Consumer staples | 111.7K | $8.5M | 0.3% | +8.5% |
| PYPL PAYPAL HOLDINGS INC | Services media | 187.5K | $8.5M | 0.3% | +80.3% |
| ALSN ALLISON TRANSMISSION HOLDING | Industrials | 72.4K | $8.5M | 0.3% | -0.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 866 | $3.05B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 842 | $3.06B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 802 | $2.92B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 784 | $2.71B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 752 | $2.43B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 752 | $2.45B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 765 | $2.38B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 741 | $2.22B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 775 | $1.82B | canonical | SEC ↗ |
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