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 | |
|---|---|---|---|---|---|---|
2701
Aptus Behavioral Momentum ETF
ADME
$303M
| $1.46M | ﹤0.01% |
37,924
+14,886
| +65% | +$542K |
|
2702
Renaissance IPO ETF
IPO
$162M
| $1.46M | ﹤0.01% |
38,652
+2,347
| +6% | +$77.7K |
|
2703
Prosperity Bancshares
PB
$8.98B
| $1.46M | ﹤0.01% |
21,512
+7,380
| +52% | +$431K |
|
2704
Pinnacle Financial Partners Inc
PNFP
$16.5B
| $1.45M | ﹤0.01% |
16,668
+2,123
| +15% | +$154K |
|
|
EDR
2705
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $1.45M | ﹤0.01% |
61,245
+17,089
| +39% | +$385K |
|
2706
PennantPark Floating Rate Capital
PFLT
$715M
| $1.45M | ﹤0.01% |
120,058
-10,041
| -8% | -$110K |
|
2707
iShares Currency Hedged MSCI Japan ETF
HEWJ
$728M
| $1.45M | ﹤0.01% |
41,562
-7,965
| -16% | -$276K |
|
2708
Nuveen Core Equity Alpha Fund
JCE
$288M
| $1.45M | ﹤0.01% |
107,035
+2,733
| +3% | +$35.1K |
|
|
KIO
2709
KKR Income Opportunities Fund
KIO
$452M
| $1.45M | ﹤0.01% |
115,114
-10,245
| -8% | -$122K |
|
2710
Kimco Realty
KIM
$16.9B
| $1.45M | ﹤0.01% |
67,875
+1,572
| +2% | +$29.7K |
|
2711
Euronet Worldwide
EEFT
$2.93B
| $1.44M | ﹤0.01% |
14,193
-273
| -2% | -$23.3K |
|
2712
Amphastar Pharmaceuticals
AMPH
$877M
| $1.44M | ﹤0.01% |
23,231
+2,603
| +13% | +$137K |
|
2713
Brown-Forman Class A
BF.A
$13.2B
| $1.44M | ﹤0.01% |
24,101
-45
| -0.2% | -$2.65K |
|
2714
Acuity Brands
AYI
$10.4B
| $1.44M | ﹤0.01% |
7,007
-1,168
| -14% | -$211K |
|
2715
TKO Group
TKO
$13.8B
| $1.43M | ﹤0.01% |
17,577
+3,887
| +28% | +$309K |
|
2716
Brookfield Asset Management
BAM
$82.9B
| $1.43M | ﹤0.01% |
35,694
-1,809
| -5% | -$61.1K |
|
2717
Agilon Health
AGL
$1.58B
| $1.43M | ﹤0.01% |
4,570
-17
| -0.4% | -$6.15K |
|
2718
Boston Beer
SAM
$1.92B
| $1.43M | ﹤0.01% |
4,146
-90
| -2% | -$31.6K |
|
|
GAP
2719
The Gap Inc
GAP
$7.42B
| $1.43M | ﹤0.01% |
68,420
+817
| +1% | +$13.2K |
|
|
MCR
2720
DELISTED
MFS Charter Income Trust
MCR
| $1.43M | ﹤0.01% |
221,330
-62,672
| -22% | -$378K |
|
2721
Innovator Growth-100 Power Buffer ETF October
NOCT
$229M
| $1.43M | ﹤0.01% |
31,193
+16,875
| +118% | +$742K |
|
2722
Fidus Investment
FDUS
$777M
| $1.43M | ﹤0.01% |
72,399
+5,716
| +9% | +$109K |
|
|
AFB
2723
AllianceBernstein National Municipal Income Fund
AFB
$317M
| $1.43M | ﹤0.01% |
131,493
-7,449
| -5% | -$74.1K |
|
|
ENV
2724
DELISTED
ENVESTNET, INC.
ENV
| $1.42M | ﹤0.01% |
28,719
+5,410
| +23% | +$221K |
|
2725
Intellia Therapeutics
NTLA
$1.58B
| $1.42M | ﹤0.01% |
46,536
+1,738
| +4% | +$50K |
|
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.