LFAS
Level Four Advisory Services Portfolio holdings
AUM
$3.54B
Turnover
13.95%
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
Avg Time Held Equity + Options
1.2
years
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.5
years
Avg Time Held Equity only
1.2
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.5
years
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
TSS
1
DELISTED
Total System Services, Inc.
TSS
| $39.6M | 4.28% |
401,525
| – | – |
2017 Q4
3 quarters
|
|
2
Enterprise Products Partners
EPD
$77.3B
| $25.6M | 2.76% |
889,856
-70,947
| -7% | -$2.05M |
2016 Q4
7 quarters
|
|
3
Apple
AAPL
$5.01T
| $25M | 2.7% |
443,020
-65,540
| -13% | -$3.41M |
2016 Q4
7 quarters
|
|
4
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.37B
| $21.7M | 2.34% |
365,004
-139,175
| -28% | -$8.26M |
2017 Q4
3 quarters
|
|
5
Invesco QQQ Trust
QQQ
$488B
| $18.4M | 1.99% |
99,254
-27,214
| -22% | -$4.92M |
2016 Q4
7 quarters
|
|
6
iShares Core S&P 500 ETF
IVV
$887B
| $16.8M | 1.82% |
57,455
+1,068
| +2% | +$306K |
2016 Q4
7 quarters
|
|
7
Amazon
AMZN
$2.74T
| $13.1M | 1.41% |
130,360
-28,540
| -18% | -$2.68M |
2016 Q4
7 quarters
|
|
8
iShares Core S&P Total US Stock Market ETF
ITOT
$96.7B
| $12.9M | 1.39% |
193,590
+15,517
| +9% | +$1.02M |
2016 Q4
7 quarters
|
|
9
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.32B
| $11.9M | 1.28% |
162,935
-100,524
| -38% | -$7.25M |
2016 Q4
7 quarters
|
|
|
10
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.46B
| $11.1M | 1.2% |
217,162
+36,216
| +20% | +$1.85M |
2017 Q4
3 quarters
|
|
11
Microsoft
MSFT
$3.96T
| $10.9M | 1.18% |
95,592
-4,239
| -4% | -$460K |
2016 Q4
7 quarters
|
|
12
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.71B
| $9.91M | 1.07% |
302,797
+16,902
| +6% | +$555K |
2016 Q4
7 quarters
|
|
13
First Trust Preferred Securities and Income ETF
FPE
$5.93B
| $9.79M | 1.06% |
512,435
+67,483
| +15% | +$1.3M |
2017 Q4
3 quarters
|
|
14
DELISTED
Synovus
SNV
| $9.15M | 0.99% |
199,913
-54
| -0% | -$2.72K |
2017 Q4
3 quarters
|
|
|
15
Schwab US Mid-Cap ETF
SCHM
$14.4B
| $8.75M | 0.95% |
453,774
+347,496
| +327% | +$6.62M |
2017 Q3
4 quarters
|
|
16
Goldman Sachs ActiveBeta Europe Equity ETF
GSEU
$170M
| $7.79M | 0.84% |
253,659
+8,652
| +4% | +$267K |
2017 Q3
4 quarters
|
|
17
iShares Preferred and Income Securities ETF
PFF
$12B
| $7.43M | 0.8% |
200,230
-52,943
| -21% | -$1.99M |
2016 Q4
7 quarters
|
|
18
JPMorgan Chase
JPM
$890B
| $7.39M | 0.8% |
65,495
-6,072
| -8% | -$689K |
2016 Q4
7 quarters
|
|
19
Dominion Energy
D
$55.2B
| $7.29M | 0.79% |
103,684
+723
| +0.7% | +$51.2K |
2016 Q4
7 quarters
|
|
20
iShares S&P Small-Cap 600 Growth ETF
IJT
$7.48B
| $7.22M | 0.78% |
71,548
-58,672
| -45% | -$5.9M |
2016 Q4
7 quarters
|
|
21
iShares MSCI EAFE ETF
EFA
$76.3B
| $7.13M | 0.77% |
104,878
-1,622
| -2% | -$110K |
2016 Q4
7 quarters
|
|
22
iShares Core S&P Small-Cap ETF
IJR
$102B
| $7.1M | 0.77% |
81,376
+12,549
| +18% | +$1.1M |
2016 Q4
7 quarters
|
|
23
AT&T
T
$158B
| $7.05M | 0.76% |
278,106
+8,941
| +3% | +$219K |
2016 Q4
7 quarters
|
|
|
24
Davis Select US Equity ETF
DUSA
$1.26B
| $6.78M | 0.73% |
+268,177
| New | +$6.76M |
2018 Q3
0 quarters
|
|
25
Vanguard S&P 500 ETF
VOO
$1.04T
| $6.67M | 0.72% |
24,958
+2,477
| +11% | +$648K |
2016 Q4
7 quarters
|
|
Similar funds
MHC
CLG
FNBOO
BSA
CVA
CRAM
BW
MB
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.