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 | |
|---|---|---|---|---|---|---|
2676
State Street SPDR Dow Jones International Real Estate ETF
RWX
$270M
| $1.5M | ﹤0.01% |
54,996
-2,075
| -4% | -$51.1K |
|
2677
WPP
WPP
$4.44B
| $1.5M | ﹤0.01% |
31,492
-9,803
| -24% | -$439K |
|
2678
Viper Energy
VNOM
$8.27B
| $1.49M | ﹤0.01% |
47,510
+3,075
| +7% | +$91.3K |
|
2679
The Ensign Group
ENSG
$10.3B
| $1.49M | ﹤0.01% |
13,283
-284
| -2% | -$29.3K |
|
2680
Exelixis
EXEL
$14.1B
| $1.49M | ﹤0.01% |
62,105
+3,131
| +5% | +$68.1K |
|
|
SPNS
2681
DELISTED
Sapiens International
SPNS
| $1.49M | ﹤0.01% |
51,419
+13,013
| +34% | +$346K |
|
2682
ONE Gas
OGS
$4.85B
| $1.49M | ﹤0.01% |
23,319
+2,848
| +14% | +$180K |
|
2683
Nuveen Real Estate Income Fund
JRS
$248M
| $1.49M | ﹤0.01% |
189,907
+108,398
| +133% | +$745K |
|
2684
Levi Strauss
LEVI
$9.43B
| $1.48M | ﹤0.01% |
89,710
-9,753
| -10% | -$145K |
|
2685
First Trust Active Global Quality Income ETF
AGQI
$56.1M
| $1.48M | ﹤0.01% |
+111,779
| New | +$1.45M |
|
|
TWO
2686
Two Harbors Investment
TWO
$1.27B
| $1.48M | ﹤0.01% |
106,392
+22,815
| +27% | +$295K |
|
|
EHI
2687
Western Asset Global High Income Fund
EHI
$176M
| $1.48M | ﹤0.01% |
204,782
-78,517
| -28% | -$521K |
|
|
GOOD
2688
Gladstone Commercial Corp
GOOD
$608M
| $1.48M | ﹤0.01% |
111,812
-52,462
| -32% | -$657K |
|
2689
Nelnet
NNI
$4.89B
| $1.48M | ﹤0.01% |
16,770
+1,283
| +8% | +$111K |
|
2690
Axos Financial
AX
$5.96B
| $1.48M | ﹤0.01% |
27,095
+10,364
| +62% | +$433K |
|
|
XIFR
2691
XPLR Infrastructure LP
XIFR
$1.11B
| $1.48M | ﹤0.01% |
48,638
-41,333
| -46% | -$1.05M |
|
2692
Knight Transportation
KNX
$11.7B
| $1.48M | ﹤0.01% |
25,637
-5,631
| -18% | -$295K |
|
2693
Zurn Elkay Water Solutions
ZWS
$8.82B
| $1.48M | ﹤0.01% |
+50,160
| New | +$1.42M |
|
2694
G-III Apparel Group
GIII
$1.54B
| $1.47M | ﹤0.01% |
43,404
+1,736
| +4% | +$48.8K |
|
2695
Allegro MicroSystems
ALGM
$7.99B
| $1.47M | ﹤0.01% |
48,666
+15,689
| +48% | +$448K |
|
2696
Viemed Healthcare
VMD
$377M
| $1.47M | ﹤0.01% |
186,790
+2,900
| +2% | +$21K |
|
2697
iShares International Treasury Bond ETF
IGOV
$1.54B
| $1.46M | ﹤0.01% |
35,419
+3,035
| +9% | +$117K |
|
2698
Vail Resorts
MTN
$5.33B
| $1.46M | ﹤0.01% |
6,850
+2,509
| +58% | +$550K |
|
2699
Equity Lifestyle Properties
ELS
$12.6B
| $1.46M | ﹤0.01% |
20,688
-13,930
| -40% | -$948K |
|
2700
SouthState Bank Corp
SSB
$10.6B
| $1.46M | ﹤0.01% |
17,269
+6,067
| +54% | +$448K |
|
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.