Level Four Financial 13F annual report

Level Four Financial is an investment fund managing more than $225 million ran by Kimberly Miller. There are currently 219 companies in Mrs. Miller’s portfolio. The largest investments include Apple Inc and Microsoft, together worth $19.4 million.

Limited to 30 biggest holdings

$225 million Assets Under Management (AUM)

As of 5th October 2021, Level Four Financial’s top holding is 94,187 shares of Apple Inc currently worth over $13.3 million and making up 5.9% of the portfolio value. Relative to the number of outstanding shares of Apple Inc, Level Four Financial owns more than approximately 0.1% of the company. In addition, the fund holds 21,550 shares of Microsoft worth $6.08 million, whose value grew 15.0% in the past six months. The third-largest holding is Schwab Strategic Tr worth $6.05 million and the next is Amazon.com worth $4.95 million, with 1,506 shares owned.

Currently, Level Four Financial's portfolio is worth at least $225 million. 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 Four Financial

The Level Four Financial office and employees reside in Mobile, Alabama. According to the last 13-F report filed with the SEC, Kimberly Miller serves as the Compliance Director at Level Four Financial.

Recent trades

In the most recent 13F filing, Level Four Financial revealed that it had opened a new position in Upstart and bought 6,634 shares worth $2.1 million. This means they effectively own approximately 0.1% of the company. Upstart makes up 24.9% of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Apple Inc by buying 18,276 additional shares. This makes their stake in Apple Inc total 94,187 shares worth $13.3 million. Apple Inc soared 14.8% in the past year.

On the other hand, there are companies that Level Four Financial is getting rid of from its portfolio. Level Four Financial closed its position in Kraneshares Tr on 12th October 2021. It sold the previously owned 70,925 shares for $1.96 million. Kimberly Miller also disclosed a decreased stake in Victory Portfolios II by approximately 0.1%. This leaves the value of the investment at $7.21 million and 103,325 shares.

One of the smallest hedge funds

The two most similar investment funds to Level Four Financial are Bank Ozk and Dfpg Investments. They manage $225 million and $225 million respectively.


Kimberly Miller investment strategy

Level Four Financial’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Technology — making up 10.6% of the total portfolio value. The fund focuses on investments in the United States as 42.0% 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 38% of the total holdings value. On the other hand, small-cap stocks make up only 3.7% of the portfolio. The average market cap of the portfolio companies is close to $181 billion.

The complete list of Level Four Financial trades based on 13F SEC filings

These positions were updated on October 12th 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
Apple Inc
24.08%
94,187
$13,327,000 5.91%
Microsoft Corporation
14.76%
21,550
$6,075,000 2.70%
Schwab Strategic Tr
1.11%
81,522
$6,052,000 2.69%
Amazon.com Inc.
1.89%
1,506
$4,947,000 2.20%
Victory Portfolios II
1.28%
103,325
$7,206,000 3.20%
Ishares Tr
0.59%
301,069
$26,100,000 11.58%
Vanguard Bd Index Fds
1.25%
52,716
$4,356,000 1.93%
Vanguard Index Fds
1.80%
51,913
$12,109,000 5.37%
Alphabet Inc
25.26%
1,562
$4,165,000 1.85%
VanEck ETF Trust
11.00%
45,765
$3,580,000 1.59%
Facebook Inc
6.33%
9,127
$3,098,000 1.37%
Abbvie Inc
3.03%
25,310
$2,730,000 1.21%
Exxon Mobil Corp.
7.18%
44,385
$2,611,000 1.16%
Vanguard World Fd
2.31%
19,928
$3,399,000 1.51%
Jpmorgan Chase Co
1.76%
13,806
$2,260,000 1.00%
St. Joe Co.
62.89%
51,800
$2,181,000 0.97%
Upstart Holdings, Inc.
Opened
6,634
$2,099,000 0.93%
The Southern Co.
0.72%
33,617
$2,083,000 0.92%
Vanguard Specialized Funds
5.77%
12,928
$1,986,000 0.88%
Kraneshares Tr
Closed
70,925
$1,959,000
Generac Holdings Inc
0.31%
4,775
$1,951,000 0.87%
Home Depot, Inc.
5.44%
5,606
$1,840,000 0.82%
NVIDIA Corp
346.92%
8,840
$1,831,000 0.81%
Abbott Labs
0.65%
15,397
$1,819,000 0.81%
Select Sector Spdr Tr
2.45%
85,962
$6,641,000 2.95%
Walmart Inc
2.39%
12,858
$1,792,000 0.80%
Spdr Sp 500 Etf Tr
2.97%
4,123
$1,769,000 0.79%
Janus Detroit Str Tr
1.69%
34,580
$1,735,000 0.77%
Verizon Communications Inc
17.06%
31,926
$1,724,000 0.77%
Invesco Exchange Traded Fd T
14.06%
10,895
$1,632,000 0.72%
Att Inc
4.16%
55,401
$1,496,000 0.66%
Chevron Corp.
9.33%
14,607
$1,482,000 0.66%
ServisFirst Bancshares Inc
No change
18,000
$1,400,000 0.62%
Tesla Inc
4.29%
1,798
$1,394,000 0.62%
Berkshire Hathaway Inc.
4.72%
4,973
$1,357,000 0.60%
CVS Health Corp
3.83%
13,712
$1,164,000 0.52%
Vanguard World Fds
1.57%
21,845
$3,093,000 1.37%
Shopify Inc
3.94%
830
$1,125,000 0.50%
Spdr Ser Tr
Closed
31,225
$1,585,000
Conocophillips
1.23%
15,378
$1,042,000 0.46%
Vanguard Whitehall Fds
7.26%
9,728
$1,005,000 0.45%
Johnson Johnson
10.18%
6,189
$999,000 0.44%
Pfizer Inc.
10.68%
23,060
$992,000 0.44%
Oneok Inc.
0.96%
16,980
$985,000 0.44%
Disney Walt Co
7.47%
5,772
$976,000 0.43%
Vanguard Charlotte Fds
1.62%
16,793
$957,000 0.42%
Aspirational Consumer Lifest
Closed
94,489
$943,000
Broadcom Inc
5.15%
1,939
$940,000 0.42%
Vanguard Scottsdale Fds
6.97%
31,820
$2,635,000 1.17%
Costco Whsl Corp New
9.69%
2,041
$917,000 0.41%
Apollo Strategic Growth Capt
0.53%
93,175
$909,000 0.40%
PPL Corp
3.75%
31,825
$887,000 0.39%
Pepsico Inc
1.20%
5,514
$829,000 0.37%
Ford Mtr Co Del
19.41%
58,021
$822,000 0.36%
Alibaba Group Hldg Ltd
42.11%
5,514
$816,000 0.36%
Ultra Clean Hldgs Inc
Closed
15,050
$808,000
Moderna Inc
86.77%
1,991
$766,000 0.34%
Vanguard Intl Equity Index F
0.84%
21,293
$1,261,000 0.56%
Pershing Square Tontine Hldg
11.77%
36,954
$728,000 0.32%
Bk Of America Corp
1.65%
16,913
$718,000 0.32%
Procter And Gamble Co
4.34%
5,119
$716,000 0.32%
Altria Group Inc.
43.11%
15,572
$709,000 0.31%
Fidelity Covington Trust
0.71%
24,848
$1,768,000 0.78%
Clough Global Equity Fd
4.39%
47,600
$697,000 0.31%
Star Bulk Carriers Corp
18.41%
28,720
$690,000 0.31%
Philip Morris International Inc
2.39%
7,269
$689,000 0.31%
Boeing Co.
0.72%
3,025
$665,000 0.30%
Emerson Elec Co
1.08%
7,040
$663,000 0.29%
CDW Corp
5.60%
3,475
$633,000 0.28%
Marathon Pete Corp
0.01%
10,196
$630,000 0.28%
Merck Co Inc
3.09%
8,341
$627,000 0.28%
Trade Desk Inc
22.64%
8,804
$619,000 0.27%
First Tr Exchange-traded Fd
23.10%
52,091
$2,951,000 1.31%
Sea Ltd
3.20%
1,905
$607,000 0.27%
J P Morgan Exchange-traded F
34.56%
10,025
$598,000 0.27%
Surgery Partners Inc
Closed
8,850
$590,000
Citigroup Inc
Closed
8,260
$584,000
Visa Inc
16.29%
2,556
$569,000 0.25%
Cisco Sys Inc
14.51%
10,123
$551,000 0.24%
Regions Financial Corp.
Closed
26,805
$541,000
Dollar Gen Corp New
0.24%
2,511
$533,000 0.24%
Cohen Steers Reit Pfd
No change
20,700
$531,000 0.24%
Mcdonalds Corp
13.46%
2,200
$530,000 0.24%
Tractor Supply Co.
0.04%
2,544
$515,000 0.23%
International Business Machs
4.27%
3,710
$515,000 0.23%
Ncino, Inc.
45.96%
7,120
$506,000 0.22%
Invesco Activly Mangd Etc Fd
4.43%
23,675
$498,000 0.22%
Wheels Up Experience Inc
Opened
75,211
$496,000 0.22%
Aflac Inc.
1.04%
9,476
$494,000 0.22%
Unitedhealth Group Inc
20.79%
1,255
$490,000 0.22%
Raytheon Technologies Corporation
3.13%
5,627
$484,000 0.21%
Global X Fds
6.44%
21,781
$480,000 0.21%
Ark Etf Tr
15.73%
16,094
$1,365,000 0.61%
Kraft Heinz Co
Closed
11,694
$477,000
Proshares Tr
18.50%
5,383
$477,000 0.21%
Etf Managers Grp Commdty Tr
49.26%
13,181
$475,000 0.21%
Spdr Gold Tr
33.46%
2,872
$472,000 0.21%
VanEck ETF Trust
Opened
15,987
$471,000 0.21%
General Electric Co.
Closed
34,988
$471,000
Snowflake Inc.
22.82%
1,559
$471,000 0.21%
Physicians Rlty Tr
0.00%
26,466
$466,000 0.21%
Wisdomtree Tr
Closed
18,022
$453,000
NextEra Energy Inc
0.59%
5,759
$452,000 0.20%
3M Co.
2.56%
2,552
$448,000 0.20%
Cohen Steers Infrastructur
1.50%
16,411
$445,000 0.20%
Toyota Motor Corporation
18.94%
2,493
$443,000 0.20%
Antares Pharma Inc
No change
120,000
$437,000 0.19%
Oracle Corp.
0.67%
4,968
$433,000 0.19%
Lam Research Corp.
31.59%
760
$433,000 0.19%
Zim Integrated Shipping Serv
Closed
9,486
$426,000
Medtronic Plc
5.98%
3,333
$418,000 0.19%
Caterpillar Inc.
13.55%
2,170
$417,000 0.19%
Global Ship Lease Inc
Opened
17,460
$414,000 0.18%
Ishares Tr
Opened
1,493
$412,000 0.18%
Honeywell International Inc
5.21%
1,938
$411,000 0.18%
Cohen Steers Quality Incom
1.10%
27,600
$411,000 0.18%
Signature Bk New York N Y
Closed
1,675
$411,000
Veritiv Corp
Closed
6,674
$410,000
fuboTV Inc.
55.05%
16,747
$401,000 0.18%
PayPal Holdings Inc
7.65%
1,534
$399,000 0.18%
Lockheed Martin Corp.
5.70%
1,149
$397,000 0.18%
Vanguard Admiral Fds Inc
0.13%
2,227
$397,000 0.18%
Spdr Ser Tr
2.05%
7,180
$596,000 0.26%
Energy Transfer L P
0.76%
40,514
$388,000 0.17%
Royal Bk Cda
No change
3,900
$388,000 0.17%
Coca-Cola Co
4.46%
7,359
$386,000 0.17%
Celsius Holdings Inc
23.79%
4,256
$383,000 0.17%
Intel Corp.
3.89%
7,133
$380,000 0.17%
Blackrock Science Technolo
33.18%
7,285
$380,000 0.17%
Vaneck Vectors Etf Tr
Closed
1,726
$378,000
Gabelli Equity Tr Inc
11.86%
55,925
$372,000 0.17%
Allstate Corp (The)
4.13%
2,874
$366,000 0.16%
Lightspeed Commerce Inc
Opened
3,775
$364,000 0.16%
Southwest Airls Co
Closed
6,818
$362,000
Eaton Corp Plc
7.96%
2,416
$361,000 0.16%
Monday Com Ltd
47.63%
1,106
$361,000 0.16%
Roku Inc
17.43%
1,137
$356,000 0.16%
Union Pac Corp
1.25%
1,786
$350,000 0.16%
Pacer Fds Tr
7.05%
16,209
$566,000 0.25%
Poshmark, Inc.
Closed
7,299
$348,000
Tandem Diabetes Care Inc
7.93%
2,903
$347,000 0.15%
Phillips 66
12.20%
4,928
$345,000 0.15%
NetFlix Inc
Opened
561
$342,000 0.15%
Marathon Oil Corporation
16.84%
24,981
$341,000 0.15%
Amplify Etf Tr
2.15%
7,590
$339,000 0.15%
Goldman Sachs Group, Inc.
21.39%
891
$337,000 0.15%
Putnam Premier Income Tr
No change
73,524
$336,000 0.15%
SVB Financial Group
2.63%
518
$335,000 0.15%
Square Inc
30.70%
1,392
$334,000 0.15%
Crowdstrike Holdings Inc
18.18%
1,352
$332,000 0.15%
Duke Energy Corp.
4.29%
3,329
$325,000 0.14%
Blackrock Enhanced Global Di
1.30%
27,678
$324,000 0.14%
Uber Technologies Inc
11.18%
7,219
$323,000 0.14%
TREX Co., Inc.
Closed
3,141
$321,000
Oreilly Automotive Inc
0.94%
525
$321,000 0.14%
General Electric Co.
Opened
3,103
$320,000 0.14%
Twitter Inc
No change
5,243
$317,000 0.14%
Select Sector Spdr Tr
Closed
3,831
$315,000
Fedex Corp
0.77%
1,434
$315,000 0.14%
Antero Midstream Corp
1.62%
28,875
$301,000 0.13%
Axon Enterprise Inc
No change
1,711
$299,000 0.13%
Intuit Inc
Opened
554
$299,000 0.13%
Truist Finl Corp
Opened
5,070
$297,000 0.13%
Microchip Technology, Inc.
0.89%
1,937
$297,000 0.13%
QuantumScape Corporation
Opened
11,985
$294,000 0.13%
Viacomcbs Inc
Closed
6,494
$294,000
Comcast Corp New
2.94%
5,253
$294,000 0.13%
Asana, Inc.
Opened
2,829
$294,000 0.13%
Albemarle Corp.
Opened
1,326
$290,000 0.13%
Salesforce.Com Inc
Opened
1,044
$283,000 0.13%
Qualcomm, Inc.
0.87%
2,195
$283,000 0.13%
Wesco International, Inc.
42.63%
2,408
$278,000 0.12%
Charles Riv Labs Intl Inc
Opened
669
$276,000 0.12%
Etf Managers Tr
2.39%
4,505
$274,000 0.12%
American Tower Corp.
0.10%
1,027
$273,000 0.12%
Texas Instrs Inc
2.34%
1,421
$273,000 0.12%
Medical Pptys Trust Inc
0.07%
13,542
$272,000 0.12%
Pioneer Nat Res Co
4.94%
1,613
$269,000 0.12%
Lowes Cos Inc
3.15%
1,310
$266,000 0.12%
Columbia Seligm Prem Tech Gr
No change
8,061
$266,000 0.12%
Nike, Inc.
3.23%
1,824
$265,000 0.12%
Air Prods Chems Inc
0.68%
1,029
$264,000 0.12%
First Tr Exchange Traded Fd
10.34%
2,135
$262,000 0.12%
Lululemon Athletica inc.
1.08%
642
$260,000 0.12%
Kinder Morgan Inc
Opened
15,442
$258,000 0.11%
Global E Online Ltd
Closed
4,500
$257,000
Epam Sys Inc
Opened
448
$256,000 0.11%
Paysafe Limited
10.00%
33,000
$256,000 0.11%
Signet Jewelers Limited
Closed
3,094
$250,000
Novavax, Inc.
Opened
1,200
$249,000 0.11%
Nuveen Pfd Income Opportun
No change
25,000
$248,000 0.11%
Discover Finl Svcs
Closed
2,084
$247,000
Liberty All Star Equity Fd
24.65%
28,695
$247,000 0.11%
Huntington Bancshares, Inc.
8.35%
15,998
$247,000 0.11%
Chubb Limited
Opened
1,419
$246,000 0.11%
Dlocal Ltd
29.69%
4,500
$246,000 0.11%
Wells Fargo Co New
Opened
5,263
$244,000 0.11%
Agnc Invt Corp
5.27%
15,400
$243,000 0.11%
Peloton Interactive Inc
Closed
1,924
$239,000
Nuveen Mun Value Fd Inc
1.20%
21,127
$239,000 0.11%
Nova Measuring Instruments L
Closed
2,316
$238,000
Charter Communications Inc N
Opened
327
$238,000 0.11%
Invesco Exch Traded Fd Tr Ii
Closed
1,967
$237,000
Synchrony Financial
3.28%
4,853
$237,000 0.11%
BP plc
Opened
8,620
$236,000 0.10%
Chemours Company
Closed
6,723
$234,000
Valero Energy Corp.
7.36%
3,297
$233,000 0.10%
OneMain Holdings Inc
22.10%
4,212
$233,000 0.10%
Applied Matls Inc
74.61%
1,809
$233,000 0.10%
Lincoln Natl Corp Ind
No change
3,370
$232,000 0.10%
First Tr Exchange Traded Fd
Opened
4,740
$231,000 0.10%
Motorola Solutions Inc
0.80%
992
$230,000 0.10%
Ishares Tr
Closed
8,892
$656,000
Lennar Corp.
11.75%
2,442
$229,000 0.10%
iHeartMedia, Inc.
Closed
8,480
$228,000
Annaly Capital Management In
25.71%
27,045
$228,000 0.10%
Slack Technologies Inc
Closed
5,100
$226,000
Equinix Inc
6.34%
285
$225,000 0.10%
Westlake Chem Corp
Closed
2,500
$225,000
Weyerhaeuser Co Mtn Be
81.28%
6,262
$223,000 0.10%
Deere Co
49.39%
664
$222,000 0.10%
Public Storage
0.41%
743
$221,000 0.10%
Target Corp
21.75%
968
$221,000 0.10%
Spdr Dow Jones Indl Average
13.33%
650
$220,000 0.10%
General Mtrs Co
Closed
3,660
$217,000
Herc Holdings Inc
Closed
1,934
$217,000
Alcoa Corp
Closed
5,852
$216,000
Vanguard Index Fds
Closed
910
$216,000
Prudential Finl Inc
Opened
2,049
$216,000 0.10%
Fidus Invt Corp
Closed
12,685
$216,000
Soliton, Inc.
Closed
9,556
$215,000
Enterprise Prods Partners L
16.98%
9,958
$215,000 0.10%
Capital One Finl Corp
60.56%
1,313
$213,000 0.09%
ONE Gas Inc
Closed
2,876
$213,000
Micron Technology Inc.
Opened
2,984
$212,000 0.09%
Bristol-Myers Squibb Co.
Closed
3,170
$212,000
American Express Co.
Closed
1,285
$212,000
Aurinia Pharmaceuticals Inc
Opened
9,450
$209,000 0.09%
EBay Inc.
Opened
2,970
$207,000 0.09%
Lilly Eli Co
No change
894
$207,000 0.09%
Nucor Corp.
Closed
2,160
$207,000
Jacobs Engr Group Inc
Closed
1,542
$206,000
Crown Castle Intl Corp New
0.34%
1,180
$205,000 0.09%
Steel Dynamics Inc.
Closed
3,428
$204,000
First Tr Exchange Traded Fd
Closed
4,663
$204,000
Enbridge Inc
0.25%
5,133
$204,000 0.09%
Thermo Fisher Scientific Inc.
Opened
355
$203,000 0.09%
Ryder Sys Inc
Closed
2,717
$202,000
Penn Natl Gaming Inc
Closed
2,619
$200,000
Arcimoto Inc
Closed
11,500
$198,000
Sprott Physical Gold Silve
9.27%
10,775
$185,000 0.08%
Virtus Dividend Interest P
No change
11,400
$169,000 0.08%
Eaton Vance Tax-managed Glob
No change
14,815
$148,000 0.07%
Blackrock Floating Rate Inco
No change
10,250
$137,000 0.06%
Cinedigm Corp
64.11%
51,196
$129,000 0.06%
Brookdale Sr Living Inc
No change
19,500
$123,000 0.05%
Moneygram International Inc.
7.41%
14,500
$116,000 0.05%
Gabelli Multimedia Tr Inc
Opened
10,693
$98,000 0.04%
Clear Channel Outdoor Hldgs
Closed
35,000
$92,000
Renovorx Inc
Opened
11,100
$67,000 0.03%
MICT Inc
Closed
21,100
$49,000
Denison Mines Corp
18.05%
32,335
$48,000 0.02%
Gamco Global Gold Nat Res
No change
12,000
$45,000 0.02%
Energous Corp
1.44%
21,150
$44,000 0.02%
Allena Pharmaceuticals Inc
100.00%
40,000
$36,000 0.02%
Checkpoint Therapeutics Inc
No change
10,000
$33,000 0.01%
Genius Brands International Inc
Closed
11,590
$21,000
Nokia Corp
No change
2,750
$15,000 0.01%
No transactions found
Showing first 500 out of 268 holdings