LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$374M |
| 2 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$242M |
| 3 |
FT Vest Fund of Buffer ETFs
BUFR
|
+$242M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$240M |
| 5 |
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
|
+$205M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Growth ETF
EFG
|
+$147M |
| 2 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$116M |
| 3 |
BSCN
Invesco BulletShares 2023 Corporate Bond ETF
BSCN
|
+$71M |
| 4 |
Vanguard Russell 1000 Value ETF
VONV
|
+$64.6M |
| 5 |
iShare MSCI Eurozone ETF
EZU
|
+$64.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.89% |
| 2 | Financials | 3.17% |
| 3 | Healthcare | 2.77% |
| 4 | Consumer Discretionary | 2.65% |
| 5 | Industrials | 2.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Oracle
ORCL
$339B
| $128M | 0.08% |
1,213,463
+62,972
| +5% | +$6.87M |
|
227
Vanguard Real Estate ETF
VNQ
$39.9B
| $128M | 0.08% |
1,445,552
+27,270
| +2% | +$2.16M |
|
228
CVS Health
CVS
$135B
| $127M | 0.08% |
1,602,564
-877
| -0.1% | -$62.4K |
|
229
Vanguard Consumer Staples ETF
VDC
$8.16B
| $126M | 0.08% |
661,751
+34,122
| +5% | +$6.26M |
|
230
WisdomTree International Hedged Quality Dividend Growth Fund
IHDG
$2.2B
| $126M | 0.08% |
2,996,352
+277,955
| +10% | +$11M |
|
231
iShares US Medical Devices ETF
IHI
$3.17B
| $124M | 0.08% |
2,297,409
-492,153
| -18% | -$24M |
|
232
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.76B
| $124M | 0.08% |
1,637,852
+182,379
| +13% | +$12.8M |
|
233
Schwab US Large- Cap ETF
SCHX
$70.3B
| $124M | 0.07% |
6,576,141
-124,722
| -2% | -$2.19M |
|
234
iShares 10-20 Year Treasury Bond ETF
TLH
$11B
| $123M | 0.07% |
1,140,005
+514,464
| +82% | +$51.5M |
|
235
Invesco Preferred ETF
PGX
$3.79B
| $123M | 0.07% |
10,724,154
-3,917,474
| -27% | -$42.8M |
|
236
Waste Management
WM
$95B
| $122M | 0.07% |
683,282
+39,540
| +6% | +$6.63M |
|
237
Honeywell
HON
$76.4B
| $122M | 0.07% |
614,757
+31,206
| +5% | +$5.63M |
|
238
iShares Russell 3000 ETF
IWV
$19.2B
| $121M | 0.07% |
443,079
+6,887
| +2% | +$1.76M |
|
239
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.08B
| $121M | 0.07% |
2,919,804
+88,233
| +3% | +$3.26M |
|
240
First Trust Limited Duration Investment Grade Corporate ETF
FSIG
$1.51B
| $121M | 0.07% |
6,379,372
+443,197
| +7% | +$8.23M |
|
241
iShares US Treasury Bond ETF
GOVT
$43.7B
| $121M | 0.07% |
5,244,858
-2,743,987
| -34% | -$61.1M |
|
242
Invesco S&P MidCap Momentum ETF
XMMO
$6.9B
| $121M | 0.07% |
1,343,369
+130,140
| +11% | +$10.7M |
|
243
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.05B
| $120M | 0.07% |
1,867,504
+59,333
| +3% | +$3.51M |
|
244
State Street SPDR Portfolio MSCI Global Stock Market ETF
SPGM
$1.68B
| $119M | 0.07% |
2,151,733
+110,555
| +5% | +$5.74M |
|
245
Invesco Total Return Bond ETF
GTO
$2.42B
| $118M | 0.07% |
2,502,455
+99,836
| +4% | +$4.51M |
|
246
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $118M | 0.07% |
1,193,103
-124,422
| -9% | -$12.1M |
|
247
Automatic Data Processing
ADP
$109B
| $118M | 0.07% |
504,418
+28,959
| +6% | +$6.75M |
|
248
iShares Semiconductor ETF
SOXX
$38.4B
| $117M | 0.07% |
609,516
+38,139
| +7% | +$6.4M |
|
249
iShares US Aerospace & Defense ETF
ITA
$14B
| $116M | 0.07% |
918,917
-36,174
| -4% | -$4.18M |
|
250
JPMorgan Active Value ETF
JAVA
$6.74B
| $115M | 0.07% |
2,064,848
+460,702
| +29% | +$24M |
|
Similar funds
LPL Financial's Q4 2023 Portfolio in Review
As of Q4 2023, LPL Financial held 4,981 positions worth $165B, up 16% from $143B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $8.14B of net new capital in Q4 2023, opening 301 new positions and adding to 2,632 existing holdings. Its largest new stake was Veralto: 345,362 shares worth $28.4M.
By sector, the portfolio is most concentrated in Technology at 6.9% of assets, up from 6.5% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI EAFE Growth ETF, an estimated $147M trimmed.
- LPL Financial's largest Q4 2023 buy was Veralto: 345,362 shares worth $28.4M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q4 2023, an estimated $374M increase.
- LPL Financial's biggest Q4 2023 reduction was iShares MSCI EAFE Growth ETF, cutting an estimated $147M.
- LPL Financial fully exited Invesco BulletShares 2023 Corporate Bond ETF in Q4 2023, selling an estimated $71M.
- LPL Financial's ten largest holdings make up 18% of its $165B portfolio in Q4 2023.
- LPL Financial opened 301 new positions and closed 188 in Q4 2023.
- LPL Financial's portfolio value rose 16% quarter-over-quarter to $165B.
Based on LPL Financial's 13F filing for Q4 2023, filed 14 Feb 2024.