LEVEL FOUR ADVISORY SERVICES, LLC
SEC Form 13F institutional filer · CIK 0001696715
13F-HR · 326 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$2.00B
Top-10 concentration
31.0%
LEVEL FOUR ADVISORY SERVICES, LLC — $2B AUM allocation strategy
LEVEL FOUR ADVISORY SERVICES, LLC files SEC Form 13F and reports $2B of long US equity value across 326 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 13.6%, followed by Financials 9.5% and Communication Services 3.5%.
The top 10 holdings account for 31% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
LEVEL FOUR ADVISORY SERVICES, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$2B
total across 326 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
31% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SPYM +167K sh · +$11.4M+$INTC +125K sh · +$967K+$RF +116K sh · +$2.99M
Biggest trims (shares)
−$IVZ −109K sh · −$9.58M−$XLU −96.1K sh · −$3.97M−$IWM −92.5K sh · −$21.1M
Exited to nil (held last quarter, gone now)
$HPQ ($2.39M last qtr)$WDAY ($1.21M last qtr)$FICO ($384K last qtr)$TSCO ($345K last qtr)$TTD ($307K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Technology Hardware, Storage & Peripherals6.2%—
- Asset Management & Custody Banks5.6%—
- Semiconductors4.4%—
- Interactive Media & Services3.5%—
- Systems Software3.0%—
- Broadline Retail2.6%—
- Investment Banking & Brokerage1.4%—
- Biotechnology1.4%—
- Other holdings71.9%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
6 of 6 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 485K | $123M | -12.5K | 6.2% |
| $MSFT | Microsoft Corporation | 162K | $60.1M | +5.68K | 3.0% |
| $AMZN | Amazon.com Inc | 251K | $52.2M | +6.78K | 2.6% |
| $TROW | T. Rowe Price Group Inc | 1.31M | $51.5M | +41.5K | 2.6% |
| $NVDA | NVIDIA Corporation | 295K | $51.5M | +13.8K | 2.6% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 151K | $43.6M | -9.33K | 2.2% |
…and 320 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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