SEC 13F Intelligence

Managers / Q3 2021

LEVEL FOUR FINANCIAL, LLC

CIK 0000857602 · 12400 COIT ROAD, SUITE 700, DALLAS, TX, 75251 · 972-284-5478

Reported Value
$229M
Q3 2021
Positions
301
Filings on Record
4
2019–present window
Filed
Oct 12, 2021
original filing

Summary

Level Four Financial, LLC reported $229M in U.S.-listed holdings across 301 positions for Q3 2021.

Its largest position, ISTB, represents 11.6% of the portfolio.

Compared with Q2 2021, the fund opened 31 new positions and exited 54.

Portfolio Metrics

Turnover
+9.7%
vs prior filed quarter
Top-10 Concentration
+39.8%
share of reported value
Largest Position
+11.6%
Ishares Tr
New / Exited
31 / 54
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’20: $232MQ4 ’20Q1 ’21: $216MQ1 ’21Q2 ’21: $237MQ2 ’21Q3 ’21: $229MQ3 ’21filingsflow.com

Portfolio Composition

By security type
Common Stock: 50.0%ETP: 44.4%Closed-End Fund: 2.2%Other: 1.1%REIT: 1.0%Other: 1.3%
  • Common Stock · 50.0% · $115M
  • ETP · 44.4% · $102M
  • Closed-End Fund · 2.2% · $5M
  • Other · 1.1% · $3M
  • REIT · 1.0% · $2M
  • Other · 1.3% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UPSTUPSTART HLDGS INCNEW+6.6K6.6K+$2M$2M
WHEELS UP EXPERIENCE INCNEW+75.2K75.2K+$496,000$496,000
GDXVANECK ETF TRUSTNEW+16.0K16.0K+$471,000$471,000
GSLGLOBAL SHIP LEASE INC NEWNEW+17.5K17.5K+$414,000$414,000
IYHISHARES TRNEW+1.5K1.5K+$412,000$412,000
LSPDLIGHTSPEED COMMERCE INCNEW+3.8K3.8K+$364,000$364,000
NFLXNETFLIX INCNEW+561561+$342,000$342,000
GENERAL ELECTRIC CONEW+3.1K3.1K+$320,000$320,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2021

220 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISTBISHARES TRCORE 1 5 YR USD · CORE S&P500 ETF · CORE DIV GRWTH · CORE US AGGBD ET · MSCI USA MMENTM · RUS 1000 VAL ETF · CORE S&P TTL STK · INTL SEL DIV ETF · RUS 1000 GRW ETF · SELECT DIVID ETF · IBOXX INV CP ETF · S&P 500 GRWT ETF · CORE S&P MCP ETF · RUSSELL 2000 ETF · CORE S&P SCP ETF · CORE MSCI EAFE · RUS 2000 VAL ETF · U.S. MED DVC ETF · US HLTHCARE ETF · MSCI USA MIN VOL · S&P 100 ETF · MSCI EAFE ETF · 0-5YR INVT GR CP · NATIONAL MUN ETF · 0-5YR HI YL CP · TIPS BD ETF · CORE MSCI TOTAL · MSCI PHILIPS ETF · U.S. REAL ES ETF · MRGSTR MD CP GRW · RUSSELL 3000 ETF · IBOXX HI YD ETF11.55%$27M302.6K
2AAPLAPPLE INChistory →COM5.81%$13M94.2K
3VTIVANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS · GROWTH ETF · VALUE ETF · EXTEND MKT ETF · SMALL CP ETF5.28%$12M51.9K
4CDCVICTORY PORTFOLIOS IIVCSHS US 500 VOL · VCSHS US EQ INCM · VCSHS US 500 ENH3.14%$7M103.3K
5XLKSELECT SECTOR SPDR TRTECHNOLOGY · SBI INT-INDS · ENERGY · SBI HEALTHCARE · FINANCIAL · COMMUNICATION2.89%$7M86.0K
6MSFTMICROSOFT CORPhistory →COM2.65%$6M21.6K
7SCHDSCHWAB STRATEGIC TRhistory →US DIVIDEND EQ2.64%$6M81.5K
8AMZNAMAZON COM INChistory →COM2.16%$5M1.5K
9BSVVANGUARD BD INDEX FDSSHORT TRM BOND · TOTAL BND MRKT · INTERMED TERM1.90%$4M52.7K
10GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.82%$4M1.6K
11MOATVANECK ETF TRUSTMRNGSTR WDE MOAT · GOLD MINERS ETF · SEMICONDUCTR ETF1.77%$4M61.8K
12FDNFIRST TR EXCHANGE-TRADED FDDJ INTERNT IDX · NASD TECH DIV · RISNG DIVD ACHIV · CAP STRENGTH ETF · DORSY WRGH VLU · NY ARCA BIOTECH · TECH ALPHADEX · DORSEYWRIGHT MOM · NASDAQ CYB ETF1.50%$3M59.0K
13MGCVANGUARD WORLD FDMEGA CAP INDEX · MEGA GRWTH IND1.48%$3M19.9K
14METAFACEBOOK INChistory →CL A1.35%$3M9.1K
15VFHVANGUARD WORLD FDSFINANCIALS ETF · INF TECH ETF · HEALTH CAR ETF · ENERGY ETF1.35%$3M21.8K
16QQQINVESCO QQQ TRhistory →UNIT SER 11.33%$3M8.5K
17ABBVABBVIE INChistory →COM1.19%$3M25.3K
18VCITVANGUARD SCOTTSDALE FDSINT-TERM CORP · SHRT TRM CORP BD · VNG RUS2000IDX · VNG RUS1000VAL · SHORT TERM TREAS1.15%$3M31.8K
19EXMOCEXXON MOBIL CORPhistory →COM1.14%$3M44.4K
20JPMJPMORGAN CHASE & COCOM0.98%$2M13.8K
21JOEST JOE COCOM0.95%$2M51.8K
22UPSTUPSTART HLDGS INCCOM0.91%$2M6.6K
23SOSOUTHERN COCOM0.91%$2M33.6K
24VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.87%$2M12.9K
25GNRCGENERAC HLDGS INCCOM0.85%$2M4.8K
26HDHOME DEPOT INCCOM0.80%$2M5.6K
27NVDANVIDIA CORPORATIONCOM0.80%$2M8.8K
28ABTABBOTT LABSCOM0.79%$2M15.4K
29WMTWALMART INCCOM0.78%$2M12.9K
30SPYSPDR S&P 500 ETF TRTR UNIT0.77%$2M4.1K
31FTECFIDELITY COVINGTON TRUSTMSCI INFO TECH I · MSCI INDL INDX · MSCI CONSM DIS · MSCI MATLS INDEX0.77%$2M24.8K
32VNLAJANUS DETROIT STR TRHENDRSN SHRT ETF0.76%$2M34.6K
33VZVERIZON COMMUNICATIONS INCCOM0.75%$2M31.9K
34RSPINVESCO EXCHANGE TRADED FD TS&P500 EQL WGT0.71%$2M10.9K
35TAT&T INCCOM0.65%$1M55.4K
36CVXCHEVRON CORP NEWCOM0.65%$1M14.6K
37SFBSSERVISFIRST BANCSHARES INCCOM0.61%$1M18.0K
38TSLATESLA INCCOM0.61%$1M1.8K
39ARKKARK ETF TRINNOVATION ETF · NEXT GNRTN INTER · GENOMIC REV ETF · FINTECH INNOVA0.59%$1M16.1K
40BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.59%$1M5.0K
41VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · FTSE PACIFIC ETF0.55%$1M21.3K
42CVSCVS HEALTH CORPCOM0.51%$1M13.7K
43SHOPSHOPIFY INCCL A0.49%$1M830
44COPCONOCOPHILLIPSCOM0.45%$1M15.4K
45VYMVANGUARD WHITEHALL FDSHIGH DIV YLD0.44%$1M9.7K
46JNJJOHNSON & JOHNSONCOM0.44%$999,0006.2K
47PFEPFIZER INCCOM0.43%$992,00023.1K
48OKEONEOK INC NEWCOM0.43%$985,00017.0K
49DISDISNEY WALT COCOM0.43%$976,0005.8K
50BNDXVANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.42%$957,00016.8K
51AVGOBROADCOM INCCOM0.41%$940,0001.9K
52COSTCOSTCO WHSL CORP NEWCOM0.40%$917,0002.0K
53APOLLO STRATEGIC GROWTH CAPTSHS CL A0.40%$909,00093.2K
54PPLPPL CORPCOM0.39%$887,00031.8K
55PEPPEPSICO INCCOM0.36%$829,0005.5K
56FFORD MTR CO DELCOM0.36%$822,00058.0K
57BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.36%$816,0005.5K
58MRNAMODERNA INCCOM0.33%$766,0002.0K
59PERSHING SQUARE TONTINE HLDGCOM CL A0.32%$728,00037.0K
60BACBK OF AMERICA CORPCOM0.31%$718,00016.9K
61PGPROCTER AND GAMBLE COCOM0.31%$716,0005.1K
62MOALTRIA GROUP INCCOM0.31%$709,00015.6K
63XGLQXCLOUGH GLOBAL EQUITY FDCOM0.30%$697,00047.6K
64SBLKSTAR BULK CARRIERS CORP.SHS PAR0.30%$690,00028.7K
65PMPHILIP MORRIS INTL INCCOM0.30%$689,0007.3K
66BABOEING COCOM0.29%$665,0003.0K
67EMREMERSON ELEC COCOM0.29%$663,0007.0K
68CDWCDW CORPCOM0.28%$633,0003.5K
69MPCMARATHON PETE CORPCOM0.27%$630,00010.2K
70MRKMERCK & CO INCCOM0.27%$627,0008.3K
71TTDTHE TRADE DESK INCCOM CL A0.27%$619,0008.8K
72SESEA LTDSPONSORD ADS0.26%$607,0001.9K
73JEPIJ P MORGAN EXCHANGE-TRADED FEQUITY PREMIUM0.26%$598,00010.0K
74XHBSPDR SER TRS&P HOMEBUILD · AEROSPACE DEF0.26%$596,0007.2K
75VVISA INCCOM CL A0.25%$569,0002.6K
76PTBDPACER FDS TRPACER US SMALL · TRENDPILOT US BD0.25%$566,00016.2K
77CSCOCISCO SYS INCCOM0.24%$551,00010.1K
78DGDOLLAR GEN CORP NEWCOM0.23%$533,0002.5K
79XRNPXCOHEN & STEERS REIT & PFD &COM0.23%$531,00020.7K
80MCDMCDONALDS CORPCOM0.23%$530,0002.2K
81TSCOTRACTOR SUPPLY COCOM0.22%$515,0002.5K
82IBMINTERNATIONAL BUSINESS MACHSCOM0.22%$515,0003.7K
83NCINO INCCOM0.22%$506,0007.1K
84PDBCINVESCO ACTIVLY MANGD ETC FDOPTIMUM YIELD0.22%$498,00023.7K
85WHEELS UP EXPERIENCE INCCOM CL A0.22%$496,00075.2K
86AFLAFLAC INCCOM0.22%$494,0009.5K
87UNHUNITEDHEALTH GROUP INCCOM0.21%$490,0001.3K
88RTXRAYTHEON TECHNOLOGIES CORPCOM0.21%$484,0005.6K
89PINE IS ACQUISITION CORPUNIT 99/99/99990.21%$483,00048.3K
90QYLDGLOBAL X FDSNASDAQ 100 COVER0.21%$480,00021.8K
91NOBLPROSHARES TRS&P 500 DV ARIST0.21%$477,0005.4K
92ETF MANAGERS GRP COMMDTY TRBREAKWAVE DRY0.21%$475,00013.2K
93GLDSPDR GOLD TRGOLD SHS0.21%$472,0002.9K
94SNOWSNOWFLAKE INCCL A0.21%$471,0001.6K
95PHYSICIANS RLTY TRCOM0.20%$466,00026.5K
96NEENEXTERA ENERGY INCCOM0.20%$452,0005.8K
97MMM3M COCOM0.20%$448,0002.6K
98UTFCOHEN & STEERS INFRASTRUCTURCOM0.19%$445,00016.4K
99TMTOYOTA MOTOR CORPSP ADR REP2COM0.19%$443,0002.5K
100ANTARES PHARMA INCCOM0.19%$437,000120.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2021$229M301Oct 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$237M327Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$216M284May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$232M328Feb 12, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.