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 | |
|---|---|---|---|---|---|---|
|
MSD
2751
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
| $1.39M | ﹤0.01% |
199,609
-34,466
| -15% | -$224K |
|
2752
Ryder
R
$10.3B
| $1.39M | ﹤0.01% |
12,057
-4,171
| -26% | -$439K |
|
2753
Chesapeake Utilities
CPK
$3.19B
| $1.39M | ﹤0.01% |
13,115
+2,781
| +27% | +$265K |
|
|
CPZ
2754
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$266M
| $1.38M | ﹤0.01% |
95,755
+15,452
| +19% | +$222K |
|
2755
Innovator US Equity Buffer ETF January
BJAN
$347M
| $1.38M | ﹤0.01% |
+33,810
| New | +$1.29M |
|
2756
FIVE9
FIVN
$2.28B
| $1.38M | ﹤0.01% |
17,542
+523
| +3% | +$36.4K |
|
2757
BlackRock Capital Allocation Term Trust
BCAT
$1.68B
| $1.38M | ﹤0.01% |
92,277
+10,828
| +13% | +$157K |
|
2758
Mercury Systems
MRCY
$6.77B
| $1.38M | ﹤0.01% |
37,715
-818
| -2% | -$29.5K |
|
|
FUND
2759
Sprott Focus Trust
FUND
$302M
| $1.38M | ﹤0.01% |
172,199
-308,220
| -64% | -$2.3M |
|
2760
Recursion Pharmaceuticals
RXRX
$1.76B
| $1.38M | ﹤0.01% |
139,502
+71,092
| +104% | +$507K |
|
2761
Kontoor Brands
KTB
$4.61B
| $1.37M | ﹤0.01% |
22,009
+2,278
| +12% | +$117K |
|
2762
Transmedics
TMDX
$2.79B
| $1.37M | ﹤0.01% |
17,403
-5,471
| -24% | -$330K |
|
2763
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
TLTD
$677M
| $1.37M | ﹤0.01% |
20,108
+4,045
| +25% | +$258K |
|
2764
ProShares Equities for Rising Rates ETF
EQRR
$33.8M
| $1.37M | ﹤0.01% |
25,479
-3,624
| -12% | -$183K |
|
|
PRFT
2765
DELISTED
Perficient Inc
PRFT
| $1.37M | ﹤0.01% |
20,818
+513
| +3% | +$31.6K |
|
|
PRO
2766
DELISTED
PROS Holdings
PRO
| $1.37M | ﹤0.01% |
35,311
+1,602
| +5% | +$57.6K |
|
2767
Cogent Communications
CCOI
$666M
| $1.37M | ﹤0.01% |
18,001
-3,271
| -15% | -$219K |
|
2768
Amplify Lithium & Battery Technology ETF
BATT
$120M
| $1.37M | ﹤0.01% |
129,882
-1,940
| -1% | -$20.2K |
|
2769
FTI Consulting
FCN
$4.34B
| $1.37M | ﹤0.01% |
6,874
+386
| +6% | +$79.9K |
|
2770
Omnicell
OMCL
$1.69B
| $1.37M | ﹤0.01% |
36,379
+1,981
| +6% | +$72.9K |
|
2771
Equinox Gold
EQX
$7.56B
| $1.37M | ﹤0.01% |
279,539
-23,699
| -8% | -$112K |
|
2772
AppFolio
APPF
$7.07B
| $1.37M | ﹤0.01% |
7,888
+565
| +8% | +$106K |
|
2773
Aecom
ACM
$9.74B
| $1.37M | ﹤0.01% |
14,780
+537
| +4% | +$45.6K |
|
|
OEFA
2774
ALPS O'Shares International Developed Quality Dividend ETF
OEFA
$37.2M
| $1.36M | ﹤0.01% |
48,092
-2,463
| -5% | -$65.7K |
|
|
OPPJ
2775
WisdomTree Trust WisdomTree Japan Opportunities Fund
OPPJ
$279M
| $1.36M | ﹤0.01% |
45,521
-74,836
| -62% | -$2.17M |
|
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.