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 | |
|---|---|---|---|---|---|---|
3476
ProShares K-1 Free Crude Oil Strategy ETF
OILK
$191M
| $629K | ﹤0.01% |
14,939
-18,727
| -56% | -$846K |
|
3477
Vident US Equity Strategy ETF
VUSE
$681M
| $629K | ﹤0.01% |
12,309
+1,235
| +11% | +$59.3K |
|
3478
Valvoline
VVV
$4.95B
| $629K | ﹤0.01% |
16,731
+2,496
| +18% | +$83.6K |
|
3479
Opendoor
OPEN
$3.86B
| $628K | ﹤0.01% |
144,931
+10,452
| +8% | +$29.2K |
|
3480
Target Hospitality
TH
$1.56B
| $628K | ﹤0.01% |
64,562
+37,077
| +135% | +$459K |
|
3481
Upbound Group
UPBD
$1.17B
| $628K | ﹤0.01% |
18,475
-1,000
| -5% | -$29.8K |
|
3482
Cathay General Bancorp
CATY
$4.28B
| $627K | ﹤0.01% |
14,059
-601
| -4% | -$22.5K |
|
3483
Consolidated Water Co
CWCO
$470M
| $626K | ﹤0.01% |
17,593
+6,664
| +61% | +$220K |
|
3484
10x Genomics
TXG
$6.03B
| $625K | ﹤0.01% |
11,173
+3,307
| +42% | +$144K |
|
|
ALE
3485
DELISTED
Allete
ALE
| $624K | ﹤0.01% |
10,207
+1,938
| +23% | +$109K |
|
3486
ACM Research
ACMR
$5.44B
| $623K | ﹤0.01% |
+31,902
| New | +$558K |
|
3487
Barron's 400 ETF
BFOR
$235M
| $623K | ﹤0.01% |
40,068
-116
| -0.3% | -$1.67K |
|
3488
Innovator US Equity Power Buffer ETF March
PMAR
$766M
| $623K | ﹤0.01% |
17,485
+10,137
| +138% | +$349K |
|
3489
Southwest Gas
SWX
$6.49B
| $621K | ﹤0.01% |
9,806
-2,868
| -23% | -$172K |
|
3490
WisdomTree International MidCap Dividend Fund
DIM
$167M
| $620K | ﹤0.01% |
10,210
+1,117
| +12% | +$63.6K |
|
|
BNY
3491
DELISTED
BlackRock New York Municipal Income Trust
BNY
| $620K | ﹤0.01% |
58,848
-25,745
| -30% | -$247K |
|
3492
ALPS Strategic Income Fund
RIGS
$60.5M
| $619K | ﹤0.01% |
26,721
-2,159
| -7% | -$48.3K |
|
3493
Invesco CurrencyShares Canadian Dollar Trust
FXC
$69.5M
| $619K | ﹤0.01% |
8,376
-10,721
| -56% | -$770K |
|
3494
Global X Aging Population ETF
AGNG
$86.9M
| $619K | ﹤0.01% |
21,750
-50,530
| -70% | -$1.33M |
|
3495
Global X Gold Explorers ETF NEW
GOEX
$106M
| $617K | ﹤0.01% |
24,432
-3,970
| -14% | -$93.5K |
|
3496
Franklin FTSE Mexico ETF
FLMX
$85.7M
| $617K | ﹤0.01% |
18,610
+9,672
| +108% | +$287K |
|
3497
Innovator US Equity Ultra Buffer ETF June
UJUN
$186M
| $616K | ﹤0.01% |
20,510
+5,678
| +38% | +$165K |
|
|
WBA
3498
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $616K | ﹤0.01% |
23,600
-16,400
| -41% | -$367K |
|
3499
WisdomTree Europe SmallCap Dividend Fund
DFE
$166M
| $616K | ﹤0.01% |
10,329
-10,006
| -49% | -$537K |
|
3500
Smith & Wesson
SWBI
$657M
| $615K | ﹤0.01% |
45,380
+1,108
| +3% | +$15.3K |
|
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.