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 | |
|---|---|---|---|---|---|---|
2551
ProShares Bitcoin Strategy ETF
BITO
$1.43B
| $1.72M | ﹤0.01% |
+84,034
| New | +$1.52M |
|
2552
Takeda Pharmaceutical
TAK
$52.9B
| $1.72M | ﹤0.01% |
120,632
+13,346
| +12% | +$189K |
|
2553
Invesco BulletShares 2029 Municipal Bond ETF
BSMT
$283M
| $1.72M | ﹤0.01% |
73,152
+10,048
| +16% | +$227K |
|
2554
Renasant Corp
RNST
$4.05B
| $1.72M | ﹤0.01% |
50,969
-8,583
| -14% | -$241K |
|
2555
iShares Core 5-10 Year USD Bond ETF
IMTB
$276M
| $1.71M | ﹤0.01% |
39,424
-3,002
| -7% | -$125K |
|
2556
Plexus
PLXS
$7.41B
| $1.71M | ﹤0.01% |
15,856
-2,347
| -13% | -$236K |
|
2557
Vornado Realty Trust
VNO
$7.7B
| $1.71M | ﹤0.01% |
60,668
-23,443
| -28% | -$557K |
|
2558
PBF Energy
PBF
$7.81B
| $1.71M | ﹤0.01% |
38,849
-17,829
| -31% | -$810K |
|
2559
Cedar Fair
FUN
$1.85B
| $1.71M | ﹤0.01% |
42,876
-4,786
| -10% | -$180K |
|
2560
iShares ESG Screened S&P Mid-Cap ETF
XJH
$431M
| $1.71M | ﹤0.01% |
45,227
+24,477
| +118% | +$841K |
|
2561
First Financial Bankshares
FFIN
$5.09B
| $1.71M | ﹤0.01% |
56,273
+6,429
| +13% | +$170K |
|
2562
MidCap Financial Investment
MFIC
$799M
| $1.7M | ﹤0.01% |
124,392
+14,516
| +13% | +$193K |
|
2563
UFP Industries
UFPI
$5.24B
| $1.7M | ﹤0.01% |
13,551
+2,313
| +21% | +$250K |
|
|
DBL
2564
DoubleLine Opportunistic Credit Fund
DBL
$279M
| $1.7M | ﹤0.01% |
110,533
+10,628
| +11% | +$155K |
|
|
EFR
2565
Eaton Vance Senior Floating-Rate Fund
EFR
$315M
| $1.7M | ﹤0.01% |
133,963
-4,225
| -3% | -$51.5K |
|
2566
Verra Mobility
VRRM
$848M
| $1.69M | ﹤0.01% |
73,591
+14,159
| +24% | +$290K |
|
2567
F5
FFIV
$23.4B
| $1.69M | ﹤0.01% |
9,454
+20
| +0.2% | +$3.26K |
|
|
CTRA
2568
PUT
DELISTED
Coterra Energy
CTRA
| $1.69M | ﹤0.01% |
+66,300
| New | +$1.78M |
|
2569
Kohl's
KSS
$2.28B
| $1.69M | ﹤0.01% |
58,969
+11,728
| +25% | +$275K |
|
2570
Leidos
LDOS
$16.4B
| $1.69M | ﹤0.01% |
15,621
+419
| +3% | +$42.7K |
|
2571
DaVita
DVA
$14.6B
| $1.69M | ﹤0.01% |
16,131
+78
| +0.5% | +$7.21K |
|
|
RA
2572
Brookfield Real Assets Income Fund
RA
$712M
| $1.69M | ﹤0.01% |
131,859
-31,726
| -19% | -$395K |
|
2573
Harbor Ares Systematic High Yield ETF
SIHY
$149M
| $1.69M | ﹤0.01% |
37,326
+3,003
| +9% | +$131K |
|
2574
Matsons
MATX
$6.46B
| $1.69M | ﹤0.01% |
15,374
+887
| +6% | +$84.2K |
|
2575
Cohen & Steers Duration Preferred & Income Fund
LDP
$596M
| $1.68M | ﹤0.01% |
91,423
+18,671
| +26% | +$330K |
|
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.