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 | |
|---|---|---|---|---|---|---|
326
PNC Financial Services
PNC
$99.1B
| $85.5M | 0.05% |
552,156
+9,014
| +2% | +$1.17M |
|
327
Phillips 66
PSX
$82.9B
| $85.4M | 0.05% |
641,534
+57,612
| +10% | +$6.89M |
|
328
Target
TGT
$66.3B
| $85.4M | 0.05% |
599,584
+43,967
| +8% | +$5.37M |
|
329
State Street SPDR Portfolio Corporate Bond ETF
SPBO
$2.09B
| $84.6M | 0.05% |
2,875,584
+540,667
| +23% | +$15.1M |
|
330
FT Vest Fund of Nasdaq-100 Buffer ETFs
BUFQ
$1.47B
| $84.5M | 0.05% |
3,131,223
+1,119,102
| +56% | +$29.1M |
|
331
iShares S&P Small-Cap 600 Value ETF
IJS
$8.12B
| $84.3M | 0.05% |
818,338
+119,737
| +17% | +$10.9M |
|
332
US Bancorp
USB
$97.9B
| $84.1M | 0.05% |
1,944,261
-202,078
| -9% | -$7.39M |
|
333
Shopify
SHOP
$168B
| $84.1M | 0.05% |
1,079,174
+65,086
| +6% | +$4.16M |
|
334
Schwab International Equity ETF
SCHF
$64.9B
| $84M | 0.05% |
4,546,070
+306,234
| +7% | +$5.31M |
|
335
Vanguard S&P 500 Value ETF
VOOV
$6.61B
| $83.6M | 0.05% |
497,748
+143,000
| +40% | +$22.2M |
|
336
Vanguard International High Dividend Yield ETF
VYMI
$20.3B
| $83.2M | 0.05% |
1,251,953
+189,126
| +18% | +$11.9M |
|
337
Goldman Sachs
GS
$289B
| $83.1M | 0.05% |
215,471
+7,586
| +4% | +$2.53M |
|
338
First Trust Global Tactical Commodity Strategy Fund
FTGC
$2.97B
| $83M | 0.05% |
3,697,119
-343,513
| -9% | -$8.01M |
|
339
Texas Instruments
TXN
$248B
| $82.9M | 0.05% |
486,527
+23,861
| +5% | +$3.7M |
|
340
Capital Group Core Equity ETF
CGUS
$11B
| $82.8M | 0.05% |
2,927,205
+490,875
| +20% | +$12.9M |
|
341
Crown Castle
CCI
$34.6B
| $82.6M | 0.05% |
717,312
-119,473
| -14% | -$12.2M |
|
342
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.7B
| $81.6M | 0.05% |
1,375,839
+267,992
| +24% | +$15.4M |
|
343
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $81.5M | 0.05% |
2,026,654
-250,164
| -11% | -$9.66M |
|
344
Invesco FTSE RAFI US 1000 ETF
PRF
$9.72B
| $81M | 0.05% |
2,301,524
-1,127
| -0% | -$36.9K |
|
345
WisdomTree US MidCap Dividend Fund
DON
$4.05B
| $80.5M | 0.05% |
1,762,483
-14,588
| -0.8% | -$612K |
|
346
Oneok
OKE
$56.7B
| $79.8M | 0.05% |
1,136,617
+51,140
| +5% | +$3.43M |
|
347
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.07B
| $79.7M | 0.05% |
2,767,687
+4,847
| +0.2% | +$134K |
|
348
JPMorgan Municipal ETF
JMUB
$8.32B
| $79.6M | 0.05% |
1,562,058
+357,494
| +30% | +$17.6M |
|
349
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.41B
| $79.3M | 0.05% |
1,098,939
-20,452
| -2% | -$1.39M |
|
350
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.12B
| $79.2M | 0.05% |
1,561,485
-1,021
| -0.1% | -$51.6K |
|
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.