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 | |
|---|---|---|---|---|---|---|
|
SNV
3126
DELISTED
Synovus
SNV
| $908K | ﹤0.01% |
24,105
-1,605
| -6% | -$49.1K |
|
3127
Sylvamo
SLVM
$1.55B
| $906K | ﹤0.01% |
18,446
+1,188
| +7% | +$55.5K |
|
3128
Wintrust Financial
WTFC
$11.1B
| $906K | ﹤0.01% |
9,764
-76
| -0.8% | -$6.28K |
|
3129
Valmont Industries
VMI
$9.78B
| $904K | ﹤0.01% |
3,873
-124
| -3% | -$27.3K |
|
3130
FT Vest US Small Cap Moderate Buffer ETF May
SMAY
$113M
| $904K | ﹤0.01% |
+41,073
| New | +$845K |
|
3131
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
PEZ
$22.9M
| $904K | ﹤0.01% |
10,972
+160
| +1% | +$11.1K |
|
3132
Invesco Bond Fund
VBF
$169M
| $903K | ﹤0.01% |
59,358
-1,587
| -3% | -$23.5K |
|
3133
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$650M
| $902K | ﹤0.01% |
78,205
+5,634
| +8% | +$60.9K |
|
3134
Invesco DB Precious Metals Fund
DBP
$241M
| $901K | ﹤0.01% |
18,043
+290
| +2% | +$14.5K |
|
|
GTOQ
3135
Invesco High Yield Systematic Bond ETF
GTOQ
$181M
| $900K | ﹤0.01% |
40,227
+722
| +2% | +$15.5K |
|
3136
RxSight
RXST
$257M
| $899K | ﹤0.01% |
22,285
-6,929
| -24% | -$203K |
|
|
AL
3137
DELISTED
Air Lease Corp
AL
| $898K | ﹤0.01% |
21,421
-1,125
| -5% | -$42.6K |
|
|
BRW
3138
Saba Capital Income & Opportunities Fund
BRW
$339M
| $897K | ﹤0.01% |
116,381
+12,039
| +12% | +$91.7K |
|
3139
Broadstone Net Lease
BNL
$4.06B
| $897K | ﹤0.01% |
52,102
-7
| -0% | -$108 |
|
3140
Mitek Systems
MITK
$806M
| $897K | ﹤0.01% |
68,759
+6,955
| +11% | +$77.5K |
|
|
RESE
3141
DELISTED
WisdomTree Emerging Markets ESG Fund
RESE
| $896K | ﹤0.01% |
30,620
+2,863
| +10% | +$78.9K |
|
3142
GitLab
GTLB
$6.16B
| $890K | ﹤0.01% |
14,140
-1,239
| -8% | -$62.6K |
|
3143
Elbit Systems
ESLT
$39.5B
| $890K | ﹤0.01% |
4,173
-15
| -0.4% | -$3.03K |
|
3144
Ternium
TX
$9.97B
| $887K | ﹤0.01% |
20,889
+295
| +1% | +$11.4K |
|
3145
Towne Bank
TOWN
$3.53B
| $886K | ﹤0.01% |
29,781
-2,414
| -7% | -$62.6K |
|
3146
AllianzIM U.S. Equity Buffer20 Oct ETF
OCTW
$324M
| $886K | ﹤0.01% |
27,081
+12,368
| +84% | +$393K |
|
3147
Hillman Solutions
HLMN
$1.86B
| $885K | ﹤0.01% |
96,053
+7,381
| +8% | +$56.3K |
|
3148
Perrigo
PRGO
$1.47B
| $881K | ﹤0.01% |
27,381
-43,044
| -61% | -$1.29M |
|
|
LAND
3149
Gladstone Land Corp
LAND
$353M
| $879K | ﹤0.01% |
60,832
-142,473
| -70% | -$2.03M |
|
3150
Innovator International Developed Power Buffer ETF January
IJAN
$262M
| $878K | ﹤0.01% |
+28,890
| New | +$821K |
|
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.