Q3 2026 13F · SEC CIK 1871734

Level Financial Advisors

Wealth managerFiled 2026-10-13 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $452.5M
Reported positions: 91
Top holdings a year, 3 yrs: +11.2%
Assets under management: $975.2M

Level Financial Advisors is a wealth manager that reported 91 positions worth $452.5M in its Q3 2026 13F, filed 2026-10-13. Its largest holdings were Vanguard Index Fds (VOO, 14.4%), Vanguard Scottsdale Fds (VGSH, 7.3%), Vanguard Ftse Developed Markets Index Fu (VEA, 6.1%). 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 91 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 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	Q2 2026	Shares	Share change	Reported value
VOOVanguard Index Fds	14.4%	14.4%	93,247	-0.7%	$65.4M
VGSHVanguard Scottsdale Fds	7.3%	6.9%	572,743	+7.5%	$33.0M
VEAVanguard Ftse Developed Markets Index Fu	6.1%	7.7%	390,155	-19.7%	$27.5M
DUHPDfa Invt Dimensions Group in	4.1%	—	447,477	—	$18.8M
BSVVanguard Bd Index Fds	4.1%	4.1%	241,620	+1.6%	$18.5M
DFGRDimensional ETF Trust	3.9%	4.0%	660,036	+6.8%	$17.9M
DFEMDimensional ETF Trust	3.9%	3.7%	438,863	+8.6%	$17.4M
VUGVanguard Index Fds	3.4%	3.4%	173,066	-2.2%	$15.6M
VCSHVanguard Scottsdale Fds	3.4%	3.3%	200,313	+6.3%	$15.5M
DFIPDimensional ETF Trust	3.3%	3.3%	380,658	+5.0%	$14.9M
VMBSVanguard Scottsdale Fds	3.0%	3.0%	310,725	+8.2%	$13.8M
VTVVanguard Index Fds	3.0%	2.9%	62,697	+5.6%	$13.5M
BNDXVanguard Charlotte Fds	2.8%	2.8%	270,772	+5.8%	$12.7M
DFLVDimensional ETF Trust	2.7%	2.7%	305,492	+1.0%	$12.3M
DFISDimensional ETF Trust	2.4%	2.2%	305,649	+6.7%	$11.1M
DFUVDimensional ETF Trust	2.3%	2.3%	188,163	-1.1%	$10.3M
AVDEAvantis International Equity ETF	1.8%	0.6%	91,616	+182.9%	$8.3M
VTIVanguard Index Fds	1.8%	1.8%	21,965	-0.5%	$8.2M
AVREAvantis Real Estate ETF	1.7%	1.8%	175,139	+1.1%	$7.8M
VWOVanguard Intl Equity Index F	1.6%	1.6%	121,231	+2.6%	$7.2M
AVSCAmerican Centy ETF Tr	1.5%	1.5%	96,608	+4.0%	$6.7M
AVEMAmerican Centy ETF Tr	1.4%	1.4%	66,724	+0.9%	$6.3M
DFSVDfa Invt Dimensions Group in	1.3%	—	151,962	—	$5.7M
SHYGIshares Tr	1.1%	1.2%	121,975	-0.5%	$5.0M
PGProcter & Gamble Co	1.1%	1.1%	34,602	+0.1%	$5.0M
DFATDimensional ETF Trust	1.0%	1.1%	68,397	-1.3%	$4.5M
BLVVanguard Bd Index Fds	0.9%	0.8%	64,036	+25.4%	$4.0M
BIVVanguard Bd Index Fds	0.8%	0.7%	47,779	+14.0%	$3.5M
VBVanguard Index Fds	0.8%	0.7%	11,951	+8.3%	$3.4M
AVUVAmerican Centy ETF Tr	0.7%	0.8%	27,452	-6.0%	$3.2M
DFSUDimensional ETF Trust	0.7%	0.7%	67,511	+0.3%	$3.2M
DFAEDimensional ETF Trust	0.7%	0.8%	76,771	-13.1%	$3.0M
AAPLApple Inc	0.6%	0.5%	8,315	-1.1%	$2.8M
LRCXLam Research Corp	0.5%	0.7%	7,056	+0.1%	$2.3M
DFGXDimensional Global ex US Core Fixed Inco	0.5%	—	44,317	—	$2.3M
QUALIshares Tr	0.5%	0.5%	10,185	-0.7%	$2.3M
VSSVanguard Intl Equity Index F	0.5%	0.5%	13,371	-2.5%	$2.1M
IWCIshares Tr Micro-Cap ETF	0.4%	0.4%	9,566	-2.1%	$1.8M
VONGVanguard Scottsdale Fds	0.4%	—	13,231	—	$1.7M
VCEBVanguard Esg U.s. Corporate Bond ETF	0.4%	0.3%	26,848	+25.1%	$1.6M
DFSIDimensional ETF Trust	0.4%	0.4%	35,364	+0.9%	$1.6M
VTIPVanguard Malvern Fds	0.3%	0.4%	31,736	-9.4%	$1.6M
NYFIshares Tr	0.3%	0.4%	29,281	-9.0%	$1.5M
SPYState Str Spdr S&p 500 ETF T	0.3%	0.3%	1,728	-3.1%	$1.3M
NVDANvidia Corporation	0.3%	0.3%	5,765	-5.9%	$1.3M
LINLinde PLC	0.3%	0.3%	2,566	+0.1%	$1.2M
UPSUnited Parcel Svcs Inc	0.2%	0.3%	12,075	-0.6%	$1.1M
DFIVDimensional ETF Trust	0.2%	0.2%	19,646	-1.3%	$1.1M
MSFTMicrosoft Corp	0.2%	—	2,109	—	$1.1M
VGSRManager Directed Portfolios	0.2%	0.3%	101,762	-1.1%	$1.1M

What Level Financial Advisors bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

AVDE Avantis International Equity ETF+182.9% shares
BLV Vanguard Bd Index Fds+25.4% shares
VCEB Vanguard Esg U.s. Corporate Bond ETF+25.1% shares
BIV Vanguard Bd Index Fds+14.0% shares
DFEM Dimensional ETF Trust+8.6% shares
VB Vanguard Index Fds+8.3% shares
VMBS Vanguard Scottsdale Fds+8.2% shares
VGSH Vanguard Scottsdale Fds+7.5% shares

Reduced

VEA Vanguard Ftse Developed Markets Index Fu-19.7% shares
DFAE Dimensional ETF Trust-13.1% shares
VTIP Vanguard Malvern Fds-9.4% shares
NYF Ishares Tr-9.0% shares
AVUV American Centy ETF Tr-6.0% shares
NVDA Nvidia Corporation-5.9% shares

Left the top 50

Share counts compared with the Q2 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, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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
Q3 2026	$452.5M	91
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

Questions about Level Financial Advisors's portfolio

What stocks does Level Financial Advisors own?

Level Financial Advisors's latest 13F, for Q3 2026 and filed Oct 13, 2026, lists 91 positions worth $452.5M. The largest are Vanguard Index Fds (VOO) at 14.4%, Vanguard Scottsdale Fds (VGSH) at 7.3%, Vanguard Ftse Developed Markets Index Fu (VEA) at 6.1%, Dfa Invt Dimensions Group in (DUHP) at 4.1% and Vanguard Bd Index Fds (BSV) at 4.1%.

What did Level Financial Advisors buy last quarter?

In Q3 2026, Level Financial Advisors added Avantis International Equity ETF (AVDE) (+182.9% shares), Vanguard Bd Index Fds (BLV) (+25.4% shares) and Vanguard Esg U.s. Corporate Bond ETF (VCEB) (+25.1% shares), compared with its Q2 2026 filing.

What did Level Financial Advisors sell last quarter?

In Q3 2026, Level Financial Advisors cut from its top 50 Dimensional ETF Trust (DUHP), cut from its top 50 Dimensional US Small Cap (DFSV), cut from its top 50 Vanguard Index Fds (VBR), cut from its top 50 Ishares Tr (REET), cut from its top 50 American Centy ETF Tr (AVDV), Vanguard Ftse Developed Markets Index Fu (VEA) (-19.7% shares), Dimensional ETF Trust (DFAE) (-13.1% shares) and Vanguard Malvern Fds (VTIP) (-9.4% shares), compared with its Q2 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 Dec 31, 2026 is due by Feb 14, 2027; 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 $452.5M.