Level Advisors 13F annual report
Level Advisors is an investment fund managing more than $231 billion ran by Michael Heburn. There are currently 25 companies in Mr. Heburn’s portfolio. The largest investments include Vanguard Index Fds and Vanguard Scottsdale Fds, together worth $101 billion.
$231 billion Assets Under Management (AUM)
As of 16th July 2024, Level Advisors’s top holding is 152,701 shares of Vanguard Index Fds currently worth over $60.1 billion and making up 26.0% of the portfolio value.
In addition, the fund holds 692,357 shares of Vanguard Scottsdale Fds worth $40.8 billion.
The third-largest holding is Vanguard Tax-managed Fds worth $16.2 billion and the next is Vanguard Bd Index Fds worth $13.4 billion, with 175,358 shares owned.
Currently, Level Advisors's portfolio is worth at least $231 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Level Advisors
The Level Advisors office and employees reside in East Amherst, New York. According to the last 13-F report filed with the SEC, Michael Heburn serves as the Chief Operating Officer at Level Advisors.
Recent trades
In the most recent 13F filing, Level Advisors revealed that it had opened a new position in
Manager Directed Portfolios and bought 99,409 shares worth $961 million.
The investment fund also strengthened its position in Vanguard Index Fds by buying
5,102 additional shares.
This makes their stake in Vanguard Index Fds total 152,701 shares worth $60.1 billion.
On the other hand, there are companies that Level Advisors is getting rid of from its portfolio.
Level Advisors closed its position in Apple Inc on 23rd July 2024.
It sold the previously owned 10,118 shares for $1.73 billion.
Michael Heburn also disclosed a decreased stake in Vanguard Intl Equity Index F by approximately 0.1%.
This leaves the value of the investment at $4.6 billion and 67,309 shares.
One of the smallest hedge funds
The two most similar investment funds to Level Advisors are Centennial Wealth Advisory and Biltmore Wealth Management. They manage $231 billion and $231 billion respectively.
Michael Heburn investment strategy
Level Advisors’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Energy — making up 0.8% of
the total portfolio value.
The fund focuses on investments in the United States as
32.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
28% of the total holdings value.
On the other hand, small-cap stocks make up only 4.0% of the portfolio.
The average market cap of the portfolio companies is close to $434 billion.
The complete list of Level Advisors trades based on 13F SEC filings
These positions were updated on July 23rd based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Vanguard Index Fds |
3.46%
152,701
|
$60,075,650,000 | 26.03% |
| Vanguard Scottsdale Fds |
18.90%
692,357
|
$40,793,508,000 | 17.68% |
| Vanguard Tax-managed Fds |
11.30%
327,191
|
$16,169,777,000 | 7.01% |
| Vanguard Bd Index Fds |
6.04%
175,358
|
$13,396,827,000 | 5.81% |
| Dimensional Etf Trust |
112.66%
1,555,700
|
$49,440,366,000 | 21.43% |
| American Centy Etf Tr |
13.44%
313,222
|
$16,389,051,000 | 7.10% |
| Ishares Tr |
6.41%
302,589
|
$14,695,828,000 | 6.37% |
| Vanguard Charlotte Fds |
26.11%
71,826
|
$3,495,791,000 | 1.51% |
| Vanguard Intl Equity Index F |
2.94%
67,309
|
$4,603,670,000 | 2.00% |
| Vanguard Malvern Fds |
4.99%
45,662
|
$2,216,418,000 | 0.96% |
| Exxon Mobil Corp. |
No change
16,489
|
$1,898,214,000 | 0.82% |
| Apple Inc |
Closed
10,118
|
$1,732,313,000 | |
| Microsoft Corporation |
11.36%
2,707
|
$1,209,709,000 | 0.52% |
| Manager Directed Portfolios |
Opened
99,409
|
$961,285,000 | 0.42% |
| Vanguard World Fd |
0.52%
23,123
|
$1,569,880,000 | 0.68% |
| Alphabet Inc |
Closed
6,630
|
$869,047,000 | |
| Berkshire Hathaway Inc. |
23.77%
1,491
|
$606,539,000 | 0.26% |
| NextEra Energy Inc |
5.11%
7,022
|
$497,250,000 | 0.22% |
| Amazon.com Inc. |
Closed
3,404
|
$432,716,000 | |
| Vanguard Mun Bd Fds |
17.69%
8,512
|
$426,536,000 | 0.18% |
| JPMorgan Chase & Co. |
6.34%
2,055
|
$415,644,000 | 0.18% |
| Northrop Grumman Corp. |
5,266.67%
805
|
$351,081,000 | 0.15% |
| Eli Lilly & Co |
No change
378
|
$342,408,000 | 0.15% |
| Netflix Inc. |
Closed
872
|
$329,267,000 | |
| Spdr S&p 500 Etf Tr |
No change
511
|
$278,096,000 | 0.12% |
| M & T Bk Corp |
158.79%
1,752
|
$265,183,000 | 0.11% |
| Vanguard Wellington Fd |
179.17%
2,292
|
$229,360,000 | 0.10% |
| United Parcel Service, Inc. |
Closed
1,400
|
$218,218,000 | |
| GE Aerospace |
21.18%
1,366
|
$217,153,000 | 0.09% |
| Qualcomm, Inc. |
No change
1,037
|
$206,550,000 | 0.09% |
| Meta Platforms Inc |
Closed
644
|
$193,335,000 | |
| Vanguard Index Fds |
Closed
1,201
|
$157,855,000 | |
| Home Depot, Inc. |
Closed
497
|
$150,242,000 | |
| Spdr Ser Tr |
Closed
6,570
|
$177,840,000 | |
| Ishares Tr |
Closed
10,372
|
$779,466,000 | |
| NVIDIA Corp |
Closed
309
|
$134,413,000 | |
| Hess Corporation |
Closed
772
|
$118,168,000 | |
| Abbvie Inc |
Closed
775
|
$115,522,000 | |
| National Fuel Gas Co. |
Closed
2,157
|
$111,970,000 | |
| Tesla Inc |
Closed
423
|
$105,843,000 | |
| American Centy Etf Tr |
Closed
2,016
|
$106,137,000 | |
| Disney Walt Co |
Closed
1,222
|
$99,043,000 | |
| Chevron Corp. |
Closed
530
|
$89,369,000 | |
| Lowes Cos Inc |
Closed
410
|
$85,238,000 | |
| Dimensional Etf Trust |
Closed
3,902
|
$177,453,000 | |
| Abbott Labs |
Closed
851
|
$82,419,000 | |
| Mcdonalds Corp |
Closed
305
|
$80,349,000 | |
| Schwab Strategic Tr |
Closed
4,465
|
$214,796,000 | |
| Air Prods Chems Inc |
Closed
278
|
$78,809,000 | |
| Select Sector Spdr Tr |
Closed
2,926
|
$225,370,000 | |
| HubSpot Inc |
Closed
150
|
$73,875,000 | |
| Willis Towers Watson Plc Ltd |
Closed
343
|
$71,673,000 | |
| Moog Inc. |
Closed
604
|
$68,224,000 | |
| Johnson Johnson |
Closed
420
|
$65,456,000 | |
| Paychex Inc. |
Closed
562
|
$64,815,000 | |
| Loews Corp. |
Closed
1,000
|
$63,310,000 | |
| Unitedhealth Group Inc |
Closed
121
|
$61,114,000 | |
| Danaher Corp. |
Closed
237
|
$58,807,000 | |
| Pepsico Inc |
Closed
339
|
$57,440,000 | |
| Boeing Co. |
Closed
264
|
$50,604,000 | |
| Ge Healthcare Technologies I |
Closed
718
|
$48,853,000 | |
| AMGEN Inc. |
Closed
174
|
$46,764,000 | |
| Colgate-Palmolive Co. |
Closed
612
|
$43,519,000 | |
| Honeywell International Inc |
Closed
226
|
$41,751,000 | |
| Vanguard World Fds |
Closed
177
|
$41,613,000 | |
| QuantumScape Corporation |
Closed
6,210
|
$41,545,000 | |
| Invesco Exchange Traded Fd T |
Closed
1,458
|
$54,332,000 | |
| Vanguard Whitehall Fds |
Closed
656
|
$40,600,000 | |
| General Mls Inc |
Closed
630
|
$40,314,000 | |
| RTX Corp |
Closed
538
|
$38,732,000 | |
| Delta Air Lines, Inc. |
Closed
1,036
|
$38,343,000 | |
| Vanguard Admiral Fds Inc |
Closed
150
|
$37,026,000 | |
| Procter And Gamble Co |
Closed
251
|
$36,611,000 | |
| Airbnb, Inc. |
Closed
250
|
$34,303,000 | |
| Cisco Sys Inc |
Closed
619
|
$33,277,000 | |
| Merck Co Inc |
Closed
321
|
$33,003,000 | |
| Zscaler Inc |
Closed
200
|
$31,118,000 | |
| Fedex Corp |
Closed
117
|
$31,023,000 | |
| Innovative Indl Pptys Inc |
Closed
370
|
$27,994,000 | |
| Bank America Corp |
Closed
1,004
|
$27,490,000 | |
| American Elec Pwr Co Inc |
Closed
356
|
$26,806,000 | |
| Becton Dickinson Co |
Closed
103
|
$26,629,000 | |
| Intel Corp. |
Closed
740
|
$26,307,000 | |
| Consolidated Edison, Inc. |
Closed
300
|
$25,659,000 | |
| Conocophillips |
Closed
202
|
$24,200,000 | |
| HP Inc |
Closed
918
|
$23,593,000 | |
| Trade Desk Inc |
Closed
300
|
$23,445,000 | |
| Schlumberger Ltd |
Closed
400
|
$23,320,000 | |
| Advanced Micro Devices Inc. |
Closed
216
|
$22,209,000 | |
| Wells Fargo Co New |
Closed
542
|
$22,156,000 | |
| Cheniere Energy Partners LP |
Closed
404
|
$21,893,000 | |
| General Dynamics Corp. |
Closed
91
|
$20,108,000 | |
| Sysco Corp. |
Closed
290
|
$19,155,000 | |
| Vanguard Star Fds |
Closed
348
|
$18,625,000 | |
| Ishares Inc |
Closed
785
|
$27,024,000 | |
| Carrier Global Corporation |
Closed
320
|
$17,664,000 | |
| Tekla Healthcare Opportuniti |
Closed
1,000
|
$16,980,000 | |
| Att Inc |
Closed
1,123
|
$16,867,000 | |
| Lee Enterprises, Inc. |
Closed
1,552
|
$16,622,000 | |
| Target Corp |
Closed
147
|
$16,292,000 | |
| Hewlett Packard Enterprise C |
Closed
918
|
$15,946,000 | |
| Canoo Inc. |
Closed
32,500
|
$15,925,000 | |
| Principal Financial Group In |
Closed
220
|
$15,855,000 | |
| American Express Co. |
Closed
105
|
$15,665,000 | |
| Pfizer Inc. |
Closed
472
|
$15,656,000 | |
| Ford Mtr Co Del |
Closed
1,200
|
$14,904,000 | |
| Paycom Software Inc |
Closed
50
|
$12,964,000 | |
| Otis Worldwide Corporation |
Closed
160
|
$12,850,000 | |
| Paccar Inc. |
Closed
150
|
$12,753,000 | |
| Thermo Fisher Scientific Inc. |
Closed
25
|
$12,661,000 | |
| Mattel, Inc. |
Closed
574
|
$12,645,000 | |
| KBR Inc |
Closed
210
|
$12,399,000 | |
| Phillips 66 |
Closed
101
|
$12,135,000 | |
| Wabtec |
Closed
109
|
$11,583,000 | |
| Vail Resorts Inc. |
Closed
50
|
$11,095,000 | |
| Visa Inc |
Closed
48
|
$11,043,000 | |
| Oracle Corp. |
Closed
104
|
$11,016,000 | |
| Snowflake Inc. |
Closed
70
|
$10,694,000 | |
| Chubb Limited |
Closed
51
|
$10,657,000 | |
| Lockheed Martin Corp. |
Closed
25
|
$10,338,000 | |
| Republic Svcs Inc |
Closed
72
|
$10,261,000 | |
| Costco Whsl Corp New |
Closed
18
|
$10,169,000 | |
| Automatic Data Processing In |
Closed
42
|
$10,154,000 | |
| Brown-Forman Corporation |
Closed
175
|
$10,096,000 | |
| Brandywine Rlty Tr |
Closed
2,222
|
$10,088,000 | |
| MetLife, Inc. |
Closed
157
|
$9,877,000 | |
| Crowdstrike Holdings Inc |
Closed
58
|
$9,708,000 | |
| Fortive Corp |
Closed
125
|
$9,270,000 | |
| Acv Auctions Inc |
Closed
600
|
$9,108,000 | |
| International Business Machs |
Closed
59
|
$8,309,000 | |
| Cytokinetics Inc |
Closed
264
|
$7,777,000 | |
| Wyndham Hotels Resorts Inc |
Closed
100
|
$6,954,000 | |
| Progressive Corp. |
Closed
43
|
$5,994,000 | |
| Verizon Communications Inc |
Closed
179
|
$5,801,000 | |
| National Grid Plc |
Closed
95
|
$5,760,000 | |
| Arista Networks Inc |
Closed
31
|
$5,702,000 | |
| Vanguard Intl Equity Index F |
Closed
97
|
$5,619,000 | |
| Kenvue Inc |
Closed
272
|
$5,462,000 | |
| Cigna Group (The) |
Closed
19
|
$5,435,000 | |
| Charter Communications Inc N |
Closed
12
|
$5,278,000 | |
| Alaska Air Group Inc. |
Closed
140
|
$5,191,000 | |
| Comcast Corp New |
Closed
116
|
$5,143,000 | |
| C3.ai Inc |
Closed
198
|
$5,053,000 | |
| Skyworks Solutions, Inc. |
Closed
50
|
$4,930,000 | |
| Boston Omaha Corp |
Closed
300
|
$4,917,000 | |
| Vanguard Scottsdale Fds |
Closed
26
|
$4,963,000 | |
| Spdr Dow Jones Indl Average |
Closed
14
|
$4,689,000 | |
| New York Cmnty Bancorp Inc |
Closed
400
|
$4,536,000 | |
| ServiceNow Inc |
Closed
8
|
$4,472,000 | |
| Quantum Si Inc |
Closed
2,500
|
$4,150,000 | |
| Sempra |
Closed
60
|
$4,098,000 | |
| Ark Etf Tr |
Closed
100
|
$3,967,000 | |
| Weyerhaeuser Co Mtn Be |
Closed
126
|
$3,863,000 | |
| Chargepoint Holdings Inc. |
Closed
750
|
$3,728,000 | |
| Travel Plus Leisure Co |
Closed
100
|
$3,673,000 | |
| Vanguard Specialized Funds |
Closed
23
|
$3,574,000 | |
| Oneok Inc. |
Closed
53
|
$3,362,000 | |
| Keysight Technologies Inc |
Closed
25
|
$3,308,000 | |
| BP plc |
Closed
83
|
$3,214,000 | |
| Kimberly-Clark Corp. |
Closed
25
|
$3,021,000 | |
| Plug Power Inc |
Closed
392
|
$2,979,000 | |
| Bumble Inc |
Closed
196
|
$2,924,000 | |
| Warner Bros.Discovery Inc |
Closed
269
|
$2,921,000 | |
| Accenture Plc Ireland |
Closed
8
|
$2,457,000 | |
| American Intl Group Inc |
Closed
38
|
$2,303,000 | |
| Liberty Broadband Corp |
Closed
22
|
$2,009,000 | |
| Mastercard Incorporated |
Closed
5
|
$1,982,000 | |
| Globus Maritime Limited New |
Closed
1,000
|
$1,840,000 | |
| Illumina Inc |
Closed
13
|
$1,785,000 | |
| PayPal Holdings Inc |
Closed
30
|
$1,754,000 | |
| Expedia Group Inc |
Closed
15
|
$1,546,000 | |
| Enbridge Inc |
Closed
46
|
$1,543,000 | |
| Synopsys, Inc. |
Closed
3
|
$1,377,000 | |
| KeyCorp |
Closed
122
|
$1,313,000 | |
| Adobe Inc |
Closed
2
|
$1,020,000 | |
| Fiverr Intl Ltd |
Closed
41
|
$1,003,000 | |
| Sportsmans Whse Hldgs Inc |
Closed
215
|
$965,000 | |
| Booz Allen Hamilton Hldg Cor |
Closed
8
|
$874,000 | |
| Brighthouse Finl Inc |
Closed
17
|
$832,000 | |
| Hsbc Hldgs Plc |
Closed
20
|
$789,000 | |
| Xerox Holdings Corp |
Closed
50
|
$785,000 | |
| Novavax, Inc. |
Closed
78
|
$565,000 | |
| Vanguard Bd Index Fds |
Closed
7
|
$488,000 | |
| Titan Pharmaceuticals Inc De |
Closed
987
|
$468,000 | |
| Fuelcell Energy Inc |
Closed
358
|
$458,000 | |
| Bristol-Myers Squibb Co. |
Closed
7
|
$406,000 | |
| Organon Co |
Closed
22
|
$382,000 | |
| Aurora Cannabis Inc |
Closed
473
|
$277,000 | |
| Mymd Pharmaceuticals Inc |
Closed
400
|
$237,000 | |
| Weatherford Intl Plc |
Closed
2
|
$181,000 | |
| Viatris Inc. |
Closed
16
|
$158,000 | |
| Conduent Inc |
Closed
40
|
$139,000 | |
| 180 Life Sciences Corp. |
Closed
100
|
$61,000 | |
| Exelon Corp. |
No change
0
|
$17,000 | |
| Purple Innovation Inc |
Closed
1
|
$2,000 | |
| No transactions found | |||
| Showing first 500 out of 195 holdings | |||
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