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 | |
|---|---|---|---|---|---|---|
3026
Northwest Natural Holdings
NWN
$2.05B
| $1.02M | ﹤0.01% |
26,179
+6,792
| +35% | +$258K |
|
3027
Innovator US Small Cap Power Buffer ETF January
KJAN
$327M
| $1.02M | ﹤0.01% |
+29,682
| New | +$923K |
|
3028
FT Vest US Equity Deep Buffer ETF July
DJUL
$450M
| $1.02M | ﹤0.01% |
27,892
+1,730
| +7% | +$60.4K |
|
3029
Swan Hedged Equity US Large Cap ETF
HEGD
$730M
| $1.01M | ﹤0.01% |
51,672
+9,896
| +24% | +$184K |
|
|
CWAN
3030
DELISTED
Clearwater Analytics
CWAN
| $1.01M | ﹤0.01% |
50,353
-2,254
| -4% | -$44.4K |
|
3031
ZIM Integrated Shipping Services
ZIM
$3.29B
| $1.01M | ﹤0.01% |
102,177
+42,731
| +72% | +$359K |
|
3032
RCI Hospitality Holdings
RICK
$195M
| $1.01M | ﹤0.01% |
15,220
+680
| +5% | +$39.7K |
|
3033
Acco Brands
ACCO
$403M
| $1.01M | ﹤0.01% |
165,639
+8,399
| +5% | +$44.5K |
|
3034
Jones Lang LaSalle
JLL
$16.9B
| $1.01M | ﹤0.01% |
5,328
-9,953
| -65% | -$1.51M |
|
3035
Nuveen California Municipal Value Fund
NCA
$300M
| $1.01M | ﹤0.01% |
112,264
+4,834
| +4% | +$40.4K |
|
3036
First Financial Bancorp
FFBC
$3.62B
| $1M | ﹤0.01% |
42,311
+7,433
| +21% | +$154K |
|
3037
Vertex
VERX
$2B
| $1M | ﹤0.01% |
37,249
+8,758
| +31% | +$225K |
|
|
HPS
3038
John Hancock Preferred Income Fund III
HPS
$459M
| $1M | ﹤0.01% |
70,951
-2,088
| -3% | -$27.1K |
|
3039
Nuveen Short-Term REIT ETF
NURE
$35.9M
| $1M | ﹤0.01% |
32,486
+2,987
| +10% | +$83.2K |
|
3040
iShares MSCI Poland ETF
EPOL
$754M
| $1M | ﹤0.01% |
44,270
-1,153
| -3% | -$23.8K |
|
3041
Itron
ITRI
$4.65B
| $1M | ﹤0.01% |
13,273
+1,294
| +11% | +$84.2K |
|
3042
Par Pacific Holdings
PARR
$4.16B
| $1M | ﹤0.01% |
27,550
+21,253
| +338% | +$716K |
|
3043
Timothy Plan International ETF
TPIF
$258M
| $1M | ﹤0.01% |
37,846
-2,896
| -7% | -$70.8K |
|
3044
Virtu Financial
VIRT
$5.03B
| $1,000K | ﹤0.01% |
49,354
+11,665
| +31% | +$215K |
|
3045
Aegon
AEG
$13.9B
| $1,000K | ﹤0.01% |
173,573
+89,026
| +105% | +$463K |
|
3046
EnerSys
ENS
$7.06B
| $1,000K | ﹤0.01% |
9,901
-1,264
| -11% | -$116K |
|
3047
United Microelectronic
UMC
$51.7B
| $999K | ﹤0.01% |
118,085
+10,921
| +10% | +$83.2K |
|
3048
Ameresco
AMRC
$1.48B
| $997K | ﹤0.01% |
31,476
-207
| -0.7% | -$6.24K |
|
|
ARIS
3049
DELISTED
Aris Water Solutions
ARIS
| $996K | ﹤0.01% |
118,758
+60,251
| +103% | +$518K |
|
3050
MillerKnoll
MLKN
$1.66B
| $994K | ﹤0.01% |
+37,261
| New | +$951K |
|
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.