I’d strongly advise being cautious about drawing inferences about what holistic review colleges actually value based on what online discussions seem to imply they value. Not that we are being intentionally misleading, but all of us who are not actually admissions officers are not really authorities on the subject, even if there is value in us sharing what we individually learn from discussions with actual authorities.
In that spirit, while you definitely should not just take my word for it, I will again relate than any time I have seen a holistic review AO talk about this at any length (and it has come up a lot), they have made a point of emphasizing they do NOT have any particular idea in mind about what activities are more or less valuable. Which makes sense, because activities can serve so many different functions in the life of a given individual, and demonstrate so many different things about an applicant that might matter to an AO.
Of course you should definitely generally list your activities by the ones which have mattered most to you. AOs say they expect that and will plan to focus more of their attention on the top of your list.
But I would personally advise against trying to make it sound like a minor activity was more important to you, or a major activity was less important to you, because you are guessing AOs will be more impressed that way. I think your actual best bet, based on what these AOs keep saying, is to give a really strong, specific description of the activities which actually did matter to you the most.
And again, they typically review like 50-100 of these a day, day after day, week after week, in their peak season. It is far more likely to be counterproductive than helpful to intentionally list the same sorts of activities in the same sort of order as almost all the other applicants. If you want to actually stand out, if anything you should be trying to give these AOs something they don’t see dozens of times in a row.
But most importantly, you should be trying to give them a compelling description of who you really are.