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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
+1.25%
1 Year Est. Return
+37.12%
3 Year Est. Return
+92.23%
5 Year Est. Return
+115.57%
10 Year Est. Return
–
AUM
$966M
AUM Growth
-$24.2M
(-2.4%)
Cap. Flow
-$29.9M
Cap. Flow
% of AUM
-3.09%
Top 10 Holdings %
Top 10 Hldgs %
28.19%
Holding
554
New
32
Increased
253
Reduced
187
Closed
50
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Global Payments
GPN
|
+$52.9M |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$3M |
| 3 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$2.87M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$2.69M |
| 5 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$2.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSS
Total System Services, Inc.
TSS
|
+$51.3M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$20.2M |
| 3 |
First Trust Preferred Securities and Income ETF
FPE
|
+$12.4M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$3.43M |
| 5 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$3.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 47.73% |
| 2 | Industrials | 8.51% |
| 3 | Technology | 8.32% |
| 4 | Financials | 7.77% |
| 5 | Consumer Discretionary | 5.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Global Payments
GPN
$24.5B
| $51.5M | 5.33% |
+324,149
| New | +$52.9M |
|
|
2
iShares Core S&P 500 ETF
IVV
$900B
| $48M | 4.97% |
160,813
+9,044
| +6% | +$2.69M |
|
3
iShares MSCI USA Min Vol Factor ETF
USMV
$24.5B
| $43.8M | 4.53% |
683,512
+28,055
| +4% | +$1.78M |
|
4
Enterprise Products Partners
EPD
$84.3B
| $30.5M | 3.15% |
1,066,251
+409
| +0% | +$11.9K |
|
5
Apple
AAPL
$4.59T
| $24.9M | 2.57% |
444,056
+2,268
| +0.5% | +$119K |
|
6
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.42B
| $17.3M | 1.79% |
332,683
+10,039
| +3% | +$521K |
|
7
State Street DoubleLine Total Return Tactical ETF
TOTL
$4B
| $15.6M | 1.61% |
315,889
+12,267
| +4% | +$603K |
|
|
SNV
8
DELISTED
Synovus
SNV
| $14.3M | 1.48% |
399,965
| – | – |
|
9
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.5B
| $13.5M | 1.39% |
183,864
-4,733
| -3% | -$343K |
|
10
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.32B
| $13.1M | 1.36% |
251,147
+5,490
| +2% | +$287K |
|
11
Microsoft
MSFT
$3.75T
| $13.1M | 1.36% |
94,426
-371
| -0.4% | -$51K |
|
12
Amazon
AMZN
$2.76T
| $12.3M | 1.27% |
141,960
+5,080
| +4% | +$471K |
|
13
Las Vegas Sands
LVS
$28.7B
| $11.8M | 1.22% |
204,765
+725
| +0.4% | +$42.3K |
|
14
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.76B
| $9.21M | 0.95% |
293,775
+1,573
| +0.5% | +$50.1K |
|
15
Davis Select US Equity ETF
DUSA
$1.27B
| $8.98M | 0.93% |
376,625
+8,132
| +2% | +$192K |
|
16
State Street SPDR S&P 500 ETF Trust
SPY
$827B
| $8.16M | 0.84% |
27,484
+313
| +1% | +$92.5K |
|
17
iShares Core S&P Total US Stock Market ETF
ITOT
$97.7B
| $7.93M | 0.82% |
118,242
-1,194
| -1% | -$80K |
|
18
AT&T
T
$174B
| $7.73M | 0.8% |
270,304
+6,935
| +3% | +$184K |
|
19
Berkshire Hathaway Class B
BRK.B
$1.08T
| $7.04M | 0.73% |
33,826
+1,682
| +5% | +$347K |
|
20
iShares Core S&P US Value ETF
IUSV
$27.9B
| $7.03M | 0.73% |
121,575
-35,661
| -23% | -$2.03M |
|
21
Dominion Energy
D
$58.5B
| $7M | 0.72% |
86,424
+1,691
| +2% | +$131K |
|
22
JPMorgan Chase
JPM
$942B
| $6.93M | 0.72% |
58,908
-3,072
| -5% | -$347K |
|
23
iShares Core S&P US Growth ETF
IUSG
$33.7B
| $6.9M | 0.71% |
109,777
+6,125
| +6% | +$387K |
|
24
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $6.83M | 0.71% |
181,905
+2,161
| +1% | +$80.4K |
|
25
iShares MSCI EAFE ETF
EFA
$79.8B
| $6.52M | 0.67% |
99,938
-3,079
| -3% | -$198K |
|
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Level Four Advisory Services's Q3 2019 Portfolio in Review
As of Q3 2019, Level Four Advisory Services held 554 positions worth $966M, down 2.4% from $991M the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Level Four Advisory Services withdrew a net $29.9M in Q3 2019, closing 50 positions and reducing 187 holdings. Its most notable exit was Total System Services, Inc., an estimated $51.3M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 48% of assets, down from 50% a quarter earlier, followed by Industrials and Technology.
Against the trend, Level Four Advisory Services opened a new position in Global Payments worth $51.5M.
- Level Four Advisory Services's largest Q3 2019 buy was Global Payments: 324,149 shares worth $51.5M.
- Level Four Advisory Services added most to State Street Technology Select Sector SPDR ETF in Q3 2019, an estimated $3M increase.
- Level Four Advisory Services's biggest Q3 2019 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $3.43M.
- Level Four Advisory Services fully exited Total System Services, Inc. in Q3 2019, selling an estimated $51.3M.
- Level Four Advisory Services's ten largest holdings make up 28% of its $966M portfolio in Q3 2019.
- Level Four Advisory Services opened 32 new positions and closed 50 in Q3 2019.
- Level Four Advisory Services's portfolio value fell 2.4% quarter-over-quarter to $966M.
Based on Level Four Advisory Services's 13F filing for Q3 2019, filed 12 Nov 2019.