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LFAS
Level Four Advisory Services Portfolio holdings
AUM
$3.54B
1-Year Est. Return
37.12%
This Fund
S&P 500
This Quarter
Est. Return
+5.47%
1 Year Est. Return
+37.12%
3 Year Est. Return
+92.23%
5 Year Est. Return
+115.57%
10 Year Est. Return
–
AUM
$925M
AUM Growth
-$448M
(-33%)
Cap. Flow
-$427M
Cap. Flow
% of AUM
-46.19%
Top 10 Holdings %
Top 10 Hldgs %
21.19%
Holding
648
New
37
Increased
159
Reduced
319
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Davis Select US Equity ETF
DUSA
|
+$6.76M |
| 2 |
Schwab US Mid-Cap ETF
SCHM
|
+$6.62M |
| 3 |
State Street DoubleLine Total Return Tactical ETF
TOTL
|
+$4.07M |
| 4 |
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
|
+$1.85M |
| 5 |
AGN
Allergan plc
AGN
|
+$1.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 Growth ETF
IWF
|
+$35.6M |
| 2 |
iShares Russell Mid-Cap Growth ETF
IWP
|
+$33.2M |
| 3 |
iShares Russell Mid-Cap Value ETF
IWS
|
+$28.2M |
| 4 |
iShares Russell 1000 Value ETF
IWD
|
+$22.5M |
| 5 |
iShares MSCI EAFE Growth ETF
EFG
|
+$19M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 46.93% |
| 2 | Technology | 8.33% |
| 3 | Industrials | 8.09% |
| 4 | Financials | 6.82% |
| 5 | Energy | 6.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TSS
1
DELISTED
Total System Services, Inc.
TSS
| $39.6M | 4.28% |
401,525
| – | – |
|
2
Enterprise Products Partners
EPD
$84.3B
| $25.6M | 2.76% |
889,856
-70,947
| -7% | -$2.05M |
|
3
Apple
AAPL
$4.7T
| $25M | 2.7% |
443,020
-65,540
| -13% | -$3.41M |
|
4
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.32B
| $21.7M | 2.34% |
365,004
-139,175
| -28% | -$8.26M |
|
5
Invesco QQQ Trust
QQQ
$492B
| $18.4M | 1.99% |
99,254
-27,214
| -22% | -$4.92M |
|
6
iShares Core S&P 500 ETF
IVV
$902B
| $16.8M | 1.82% |
57,455
+1,068
| +2% | +$306K |
|
7
Amazon
AMZN
$2.87T
| $13.1M | 1.41% |
130,360
-28,540
| -18% | -$2.68M |
|
8
iShares Core S&P Total US Stock Market ETF
ITOT
$97.8B
| $12.9M | 1.39% |
193,590
+15,517
| +9% | +$1.02M |
|
9
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.49B
| $11.9M | 1.28% |
162,935
-100,524
| -38% | -$7.25M |
|
|
10
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.41B
| $11.1M | 1.2% |
217,162
+36,216
| +20% | +$1.85M |
|
11
Microsoft
MSFT
$3.82T
| $10.9M | 1.18% |
95,592
-4,239
| -4% | -$460K |
|
12
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.75B
| $9.91M | 1.07% |
302,797
+16,902
| +6% | +$555K |
|
13
First Trust Preferred Securities and Income ETF
FPE
$6.31B
| $9.79M | 1.06% |
512,435
+67,483
| +15% | +$1.3M |
|
|
SNV
14
DELISTED
Synovus
SNV
| $9.15M | 0.99% |
199,913
-54
| -0% | -$2.72K |
|
|
15
Schwab US Mid-Cap ETF
SCHM
$14.9B
| $8.75M | 0.95% |
453,774
+347,496
| +327% | +$6.62M |
|
16
Goldman Sachs ActiveBeta Europe Equity ETF
GSEU
$146M
| $7.79M | 0.84% |
253,659
+8,652
| +4% | +$267K |
|
17
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $7.43M | 0.8% |
200,230
-52,943
| -21% | -$1.99M |
|
18
JPMorgan Chase
JPM
$950B
| $7.39M | 0.8% |
65,495
-6,072
| -8% | -$689K |
|
19
Dominion Energy
D
$57.9B
| $7.29M | 0.79% |
103,684
+723
| +0.7% | +$51.2K |
|
20
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.12B
| $7.22M | 0.78% |
71,548
-58,672
| -45% | -$5.9M |
|
21
iShares MSCI EAFE ETF
EFA
$79.8B
| $7.13M | 0.77% |
104,878
-1,622
| -2% | -$110K |
|
22
iShares Core S&P Small-Cap ETF
IJR
$110B
| $7.1M | 0.77% |
81,376
+12,549
| +18% | +$1.1M |
|
23
AT&T
T
$178B
| $7.05M | 0.76% |
278,106
+8,941
| +3% | +$219K |
|
|
24
Davis Select US Equity ETF
DUSA
$1.27B
| $6.78M | 0.73% |
+268,177
| New | +$6.76M |
|
25
Vanguard S&P 500 ETF
VOO
$1.03T
| $6.67M | 0.72% |
24,958
+2,477
| +11% | +$648K |
|
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Level Four Advisory Services's Q3 2018 Portfolio in Review
As of Q3 2018, Level Four Advisory Services held 648 positions worth $925M, down 33% from $1.37B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Level Four Advisory Services withdrew a net $427M in Q3 2018, closing 65 positions and reducing 319 holdings. Its most notable exit was State Street Materials Select Sector SPDR ETF, an estimated $7.61M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 47% of assets, down from 62% a quarter earlier, followed by Technology and Industrials.
Against the trend, Level Four Advisory Services opened a new position in Davis Select US Equity ETF worth $6.78M.
- Level Four Advisory Services's largest Q3 2018 buy was Davis Select US Equity ETF: 268,177 shares worth $6.78M.
- Level Four Advisory Services added most to Schwab US Mid-Cap ETF in Q3 2018, an estimated $6.62M increase.
- Level Four Advisory Services's biggest Q3 2018 reduction was iShares Russell 1000 Growth ETF, cutting an estimated $35.6M.
- Level Four Advisory Services fully exited State Street Materials Select Sector SPDR ETF in Q3 2018, selling an estimated $7.61M.
- Level Four Advisory Services's ten largest holdings make up 21% of its $925M portfolio in Q3 2018.
- Level Four Advisory Services opened 37 new positions and closed 65 in Q3 2018.
- Level Four Advisory Services's portfolio value fell 33% quarter-over-quarter to $925M.
Based on Level Four Advisory Services's 13F filing for Q3 2018, filed 14 Nov 2018.