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 | |
|---|---|---|---|---|---|---|
3351
Franklin FTSE Japan Hedged ETF
FLJH
$176M
| $719K | ﹤0.01% |
27,466
+12,753
| +87% | +$395K |
|
|
NBXG
3352
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.19B
| $719K | ﹤0.01% |
65,822
+25,735
| +64% | +$268K |
|
3353
Vanguard US Minimum Volatility ETF
VFMV
$433M
| $719K | ﹤0.01% |
6,869
-3,036
| -31% | -$303K |
|
3354
Flywire
FLYW
$2.05B
| $717K | ﹤0.01% |
30,951
-4,269
| -12% | -$108K |
|
3355
Innovator US Equity Ultra Buffer ETF July
UJUL
$294M
| $716K | ﹤0.01% |
23,628
+3,431
| +17% | +$99.5K |
|
|
HIBB
3356
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $713K | ﹤0.01% |
9,907
-33
| -0.3% | -$1.85K |
|
3357
Hanover Insurance
THG
$8.09B
| $711K | ﹤0.01% |
5,852
+679
| +13% | +$80.7K |
|
3358
Simplify Hedged Equity ETF
HEQT
$299M
| $709K | ﹤0.01% |
28,078
+10,362
| +58% | +$258K |
|
3359
Ambarella
AMBA
$3.63B
| $709K | ﹤0.01% |
11,571
-1,169
| -9% | -$63.8K |
|
3360
Albany International
AIN
$2.13B
| $709K | ﹤0.01% |
7,217
+2,402
| +50% | +$210K |
|
|
DLY
3361
DoubleLine Yield Opportunities Fund
DLY
$682M
| $707K | ﹤0.01% |
47,579
+5,275
| +12% | +$75.9K |
|
3362
AtriCure
ATRC
$1.97B
| $707K | ﹤0.01% |
19,800
+376
| +2% | +$14K |
|
3363
Abercrombie & Fitch
ANF
$4.84B
| $706K | ﹤0.01% |
+8,007
| New | +$570K |
|
3364
BILL Holdings
BILL
$4.7B
| $705K | ﹤0.01% |
8,642
-4,654
| -35% | -$382K |
|
3365
Boot Barn
BOOT
$4.8B
| $704K | ﹤0.01% |
9,168
+1,551
| +20% | +$117K |
|
3366
Commault Systems
CVLT
$5.18B
| $704K | ﹤0.01% |
8,812
+457
| +5% | +$32.7K |
|
3367
Capri Holdings
CPRI
$1.88B
| $702K | ﹤0.01% |
13,976
+6,211
| +80% | +$310K |
|
3368
Herc Holdings
HRI
$5.48B
| $700K | ﹤0.01% |
4,703
-357
| -7% | -$43.7K |
|
3369
Sumitomo Mitsui Financial
SMFG
$160B
| $700K | ﹤0.01% |
72,269
-153,258
| -68% | -$1.49M |
|
|
BFZ
3370
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $699K | ﹤0.01% |
58,126
+14,698
| +34% | +$159K |
|
3371
Hyatt Hotels
H
$16.2B
| $699K | ﹤0.01% |
5,361
-1,151
| -18% | -$131K |
|
3372
New England Realty Associates
NEN
$196M
| $699K | ﹤0.01% |
10,027
| – | – |
|
3373
Red Rock Resorts
RRR
$3.84B
| $698K | ﹤0.01% |
13,095
-33
| -0.3% | -$1.47K |
|
|
OPRA
3374
Opera Ltd
OPRA
$1.75B
| $698K | ﹤0.01% |
52,746
+38,070
| +259% | +$450K |
|
3375
Evercore
EVR
$12.3B
| $698K | ﹤0.01% |
4,080
+441
| +12% | +$63.8K |
|
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.