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 | |
|---|---|---|---|---|---|---|
2651
America Movil
AMX
$74.7B
| $1.56M | ﹤0.01% |
83,978
-294
| -0.3% | -$5.17K |
|
2652
iShares Bloomberg Roll Select Commodity Strategy ETF
CMDY
$549M
| $1.55M | ﹤0.01% |
32,911
-4,101
| -11% | -$206K |
|
2653
Loews
L
$23.7B
| $1.55M | ﹤0.01% |
22,252
-29,440
| -57% | -$1.96M |
|
2654
White Mountains Insurance
WTM
$5.25B
| $1.55M | ﹤0.01% |
1,027
+24
| +2% | +$35.7K |
|
2655
Cambria Global Momentum ETF
GMOM
$71.1M
| $1.55M | ﹤0.01% |
56,214
-20,965
| -27% | -$563K |
|
|
MYD
2656
DELISTED
BlackRock MuniYield Fund
MYD
| $1.54M | ﹤0.01% |
142,991
+521
| +0.4% | +$5.12K |
|
|
BERY
2657
DELISTED
Berry Global Group, Inc.
BERY
| $1.54M | ﹤0.01% |
24,907
+630
| +3% | +$35.5K |
|
2658
Gentex
GNTX
$5.14B
| $1.53M | ﹤0.01% |
46,866
+4,200
| +10% | +$130K |
|
2659
FlexShares International Quality Dividend Index Fund
IQDF
$1.17B
| $1.53M | ﹤0.01% |
65,740
-2,007
| -3% | -$44K |
|
2660
XPeng
XPEV
$11.5B
| $1.53M | ﹤0.01% |
104,783
+3,502
| +3% | +$55.7K |
|
2661
Hartford Multifactor Small Cap ETF
ROSC
$63.1M
| $1.53M | ﹤0.01% |
36,807
-2,246
| -6% | -$83.6K |
|
|
MUI
2662
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
| $1.53M | ﹤0.01% |
131,086
-8,495
| -6% | -$91.3K |
|
2663
Simplify US Equity PLUS Downside Convexity ETF
SPD
$110M
| $1.52M | ﹤0.01% |
53,054
-75
| -0.1% | -$2.04K |
|
2664
iShares Global Timber & Forestry ETF
WOOD
$273M
| $1.52M | ﹤0.01% |
18,741
-1,245
| -6% | -$93.8K |
|
2665
Xtrackers MSCI USA ESG Leaders Equity ETF
USSG
$589M
| $1.52M | ﹤0.01% |
34,433
+2,852
| +9% | +$118K |
|
2666
Sun Life Financial
SLF
$45.6B
| $1.52M | ﹤0.01% |
29,346
+2,244
| +8% | +$110K |
|
2667
Invesco Golden Dragon China ETF
PGJ
$98.8M
| $1.52M | ﹤0.01% |
58,437
+32,472
| +125% | +$840K |
|
2668
M/I Homes
MHO
$3.8B
| $1.52M | ﹤0.01% |
11,025
-367
| -3% | -$36.7K |
|
2669
GATX Corp
GATX
$6.42B
| $1.52M | ﹤0.01% |
12,614
-615
| -5% | -$67.9K |
|
2670
Teekay Tankers
TNK
$2.66B
| $1.51M | ﹤0.01% |
30,264
+1,841
| +6% | +$88.4K |
|
2671
Home BancShares
HOMB
$6.3B
| $1.51M | ﹤0.01% |
59,645
-19,142
| -24% | -$427K |
|
2672
Mobileye
MBLY
$2.18B
| $1.51M | ﹤0.01% |
34,839
+8,257
| +31% | +$325K |
|
|
SEE
2673
DELISTED
Sealed Air
SEE
| $1.51M | ﹤0.01% |
41,298
-2,540
| -6% | -$83.3K |
|
|
FSD
2674
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
| $1.5M | ﹤0.01% |
124,281
+7,265
| +6% | +$79.8K |
|
2675
ProShares Short 20+ Year Treasury ETF
TBF
$104M
| $1.5M | ﹤0.01% |
67,898
-133,012
| -66% | -$3.28M |
|
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.