Q2 2026 13F · SEC CIK 1871734

Level Financial Advisors

Wealth managerFiled 2026-07-15 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $447.5M
Reported positions: 95
Top holdings a year, 3 yrs: +11.2%
Assets under management: $975.2M

Level Financial Advisors is a wealth manager that reported 95 positions worth $447.5M in its Q2 2026 13F, filed 2026-07-15. Its largest holdings were Vanguard S&p 500 ETF (VOO, 14.4%), Vanguard Tax-Managed Fds (VEA, 7.7%), Vanguard Short-Term Treasury ETF Total (VGSH, 6.9%). A portfolio copying its top holdings returned 11.2% a year over the last 3 years, against 20.4% for the S&P 500.

Level Financial Advisors holdings largest 50 of 95 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Level Financial Advisors 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VOOVanguard S&p 500 ETF	14.4%	14.0%	93,946	+2.3%	$64.5M
VEAVanguard Tax-Managed Fds	7.7%	7.4%	485,706	+7.6%	$34.6M
VGSHVanguard Short-Term Treasury ETF Total	6.9%	7.6%	532,912	+4.3%	$31.0M
BSVVanguard Bd Index Fds Vanguard Short Ter	4.1%	4.5%	237,879	+4.9%	$18.5M
DUHPDimensional ETF Trust	4.1%	3.9%	435,560	+3.9%	$18.2M
DFGRDimensional ETF Trust	4.0%	3.9%	618,117	+6.2%	$17.9M
DFEMDimensional	3.7%	3.4%	404,242	+4.3%	$16.4M
VUGVanguard Indx Fd	3.4%	2.7%	176,907	+628.5%	$15.2M
DFIPDimensional ETF Trust	3.3%	3.6%	362,625	+5.8%	$15.0M
VCSHVanguard Scottsdale Fds	3.3%	3.7%	188,449	+2.3%	$14.9M
VMBSVmbs	3.0%	3.1%	287,255	+10.3%	$13.4M
VTVVanguard Value ETF	2.9%	2.6%	59,363	+15.3%	$12.9M
BNDXVanguard Charlotte Fds	2.8%	2.6%	255,969	+19.4%	$12.4M
DFLVDimensional ETF Trust	2.7%	2.6%	302,324	+4.0%	$12.0M
DFUVDimensional U.s. Marketwide Val	2.3%	2.4%	190,210	-1.5%	$10.5M
DFISDimensional ETF Trust	2.2%	2.3%	286,576	+6.1%	$10.0M
AVREAmerican Centy ETF Tr	1.8%	1.9%	173,162	-0.0%	$8.2M
VTIVanguard Index Fds	1.8%	1.8%	22,080	-0.6%	$8.2M
VWOVanguard Intl Equity Index F	1.6%	1.4%	118,209	+14.7%	$7.1M
AVSCAmerican Centy ETF Tr	1.5%	1.4%	92,905	+3.3%	$6.8M
AVEMAmerican Centy ETF Tr	1.4%	1.4%	66,122	-1.6%	$6.4M
DFSVDfa U.s. Small Cap Value ETF	1.2%	1.2%	143,779	+4.0%	$5.6M
SHYGIshares Tr	1.2%	1.3%	122,620	+1.8%	$5.2M
PGProcter & Gamble Co Com	1.1%	1.3%	34,579	-0.0%	$5.1M
DFATDimensional U.s. Targeted Value	1.1%	1.1%	69,302	+0.3%	$4.8M
AVUVAvantis US Small Cap Value ETF	0.8%	0.8%	29,189	-1.4%	$3.6M
DFAEDimensional ETF Trust	0.8%	0.8%	88,314	-5.7%	$3.6M
BLVVanguard Bd Index Fds	0.8%	0.9%	51,081	-4.8%	$3.5M
VBVanguard Indx Fd	0.7%	0.6%	11,031	+16.1%	$3.3M
BIVVanguard Bd Index Fds	0.7%	0.8%	41,898	+4.2%	$3.2M
DFSUDimensional ETF Trust	0.7%	0.7%	67,307	-1.2%	$3.1M
LRCXLam Research Corp	0.7%	0.4%	7,052	+0.0%	$3.1M
AVDEAvantis International Equity ETF	0.6%	0.7%	32,381	+0.5%	$2.9M
AAPLApple Inc	0.5%	0.6%	8,407	-1.1%	$2.4M
QUALIshares Msci USA Quality Factor ETF	0.5%	0.5%	10,257	+0.0%	$2.3M
VSSVanguard Intl Equity Index F	0.5%	0.5%	13,712	-1.8%	$2.1M
IWCIshares Tr	0.4%	0.4%	9,769	-1.6%	$2.0M
VTIPVanguard Malvern Fds	0.4%	0.5%	35,019	-0.9%	$1.8M
NYFIshares Tr	0.4%	0.4%	32,184	-1.9%	$1.7M
DFSIDimensional ETF Trust	0.4%	0.4%	35,064	+1.1%	$1.6M
VCEBVanguard World Fd	0.3%	0.4%	21,461	-16.0%	$1.3M
SPYSpdr S&p 500 ETF Tr	0.3%	0.3%	1,783	-5.4%	$1.3M
LINLinde PLC	0.3%	0.4%	2,564	-12.7%	$1.3M
UPSUnited Parcel Svcs Inc Cl B	0.3%	0.3%	12,152	-1.9%	$1.3M
NVDANvidia Corporation Com	0.3%	0.3%	6,127	-0.1%	$1.2M
VGSRManager Directed Portfolios	0.3%	0.3%	102,899	-0.7%	$1.2M
VBRVanguard Small Cap Value ETF	0.2%	0.3%	4,553	-1.2%	$1.1M
REETIshares Tr	0.2%	0.3%	39,505	-1.4%	$1.1M
DFIVDimensional ETF Trust	0.2%	0.3%	19,900	-0.3%	$1.1M
AVDVAvantis International Small Cap Value Et	0.2%	0.3%	10,032	+1.0%	$1.0M

What Level Financial Advisors bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

VUG Vanguard Indx Fd+628.5% shares
BNDX Vanguard Charlotte Fds+19.4% shares
VB Vanguard Indx Fd+16.1% shares
VTV Vanguard Value ETF+15.3% shares
VWO Vanguard Intl Equity Index F+14.7% shares
VMBS Vmbs+10.3% shares
VEA Vanguard Tax-Managed Fds+7.6% shares
DFGR Dimensional ETF Trust+6.2% shares

Reduced

Left the top 50

No position left the top 50.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +13.2% /yr; S&P 500 +20.1%
3 years: +11.2% /yr; S&P 500 +20.4%
5 years: +6.3% /yr; S&P 500 +13.0%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$447.5M	95
Q1 2026	$392.1M	92
Q4 2025	$378.2M	95
Q3 2025	$354.8M	94
Q2 2025	$321.4M	90
Q1 2025	$294.1M	85
Q4 2024	$272.5M	79
Q3 2024	$262.0M	75
Q2 2024	$230.8M	67
Q1 2024	$220.5M	72
Q4 2023	$202.3M	279
Q3 2023	$178.9M	286

Questions about Level Financial Advisors's portfolio

What stocks does Level Financial Advisors own?

Level Financial Advisors's latest 13F, for Q2 2026 and filed Jul 15, 2026, lists 95 positions worth $447.5M. The largest are Vanguard S&p 500 ETF (VOO) at 14.4%, Vanguard Tax-Managed Fds (VEA) at 7.7%, Vanguard Short-Term Treasury ETF Total (VGSH) at 6.9%, Vanguard Bd Index Fds Vanguard Short Ter (BSV) at 4.1% and Dimensional ETF Trust (DUHP) at 4.1%.

What did Level Financial Advisors buy last quarter?

In Q2 2026, Level Financial Advisors added Vanguard Indx Fd (VUG) (+628.5% shares), Vanguard Charlotte Fds (BNDX) (+19.4% shares) and Vanguard Indx Fd (VB) (+16.1% shares), compared with its Q1 2026 filing.

What did Level Financial Advisors sell last quarter?

In Q2 2026, Level Financial Advisors Vanguard World Fd (VCEB) (-16.0% shares), Linde PLC (LIN) (-12.7% shares) and Dimensional ETF Trust (DFAE) (-5.7% shares), compared with its Q1 2026 filing.

How has Level Financial Advisors's portfolio performed?

A portfolio copying Level Financial Advisors's 20 largest 13F holdings each quarter, from the day each filing was public, returned +11.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +13.2% against +20.1%. Over 5 years: +6.3% a year against +13.0%.

When is Level Financial Advisors's next 13F filing due?

13F filings are due 45 days after each quarter ends. Level Financial Advisors's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Level Financial Advisors manage?

Level Financial Advisors reported $975.2M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $447.5M.