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 | |
|---|---|---|---|---|---|---|
3501
Atkore
ATKR
$3.15B
| $615K | ﹤0.01% |
3,845
+517
| +16% | +$71.3K |
|
|
HYB
3502
DELISTED
New America High Income Fund, Inc.
HYB
| $615K | ﹤0.01% |
87,326
+2,179
| +3% | +$14.5K |
|
3503
Hyster-Yale Materials Handling
HY
$620M
| $614K | ﹤0.01% |
9,880
+1
| +0% | +$48 |
|
3504
iShares ESG Advanced High Yield Corporate Bond ETF
HYXF
$195M
| $613K | ﹤0.01% |
13,491
+2,342
| +21% | +$102K |
|
3505
Arcutis Biotherapeutics
ARQT
$3.29B
| $613K | ﹤0.01% |
189,643
+106,130
| +127% | +$289K |
|
|
ETX
3506
Eaton Vance Municipal Income 2028 Term Trust
ETX
$198M
| $613K | ﹤0.01% |
35,324
+633
| +2% | +$10.8K |
|
3507
Teucrium Wheat Fund
WEAT
$296M
| $612K | ﹤0.01% |
20,513
+8,444
| +70% | +$245K |
|
3508
Grand Canyon Education
LOPE
$3.9B
| $611K | ﹤0.01% |
4,625
-1,646
| -26% | -$214K |
|
|
CUK
3509
DELISTED
Carnival PLC
CUK
| $611K | ﹤0.01% |
36,219
-970
| -3% | -$12.7K |
|
3510
Franklin Electric
FELE
$4.71B
| $610K | ﹤0.01% |
6,316
+161
| +3% | +$14.5K |
|
3511
Innovator US Equity Buffer ETF July
BJUL
$346M
| $610K | ﹤0.01% |
16,216
+2,329
| +17% | +$82.9K |
|
3512
Genelux
GNLX
$131M
| $606K | ﹤0.01% |
43,242
+18,742
| +76% | +$296K |
|
3513
Invesco S&P SmallCap Utilities & Communication Services ETF
PSCU
$17.3M
| $606K | ﹤0.01% |
11,193
-780
| -7% | -$39.2K |
|
3514
NovaGold Resources
NG
$2.54B
| $606K | ﹤0.01% |
161,930
+67,627
| +72% | +$254K |
|
3515
SP Funds S&P 500 Sharia ETF
SPUS
$2.88B
| $602K | ﹤0.01% |
17,604
+9,763
| +125% | +$314K |
|
|
BCV
3516
Bancroft Fund
BCV
$135M
| $602K | ﹤0.01% |
37,643
-3,379
| -8% | -$51.3K |
|
|
PCF
3517
High Income Securities Fund
PCF
$99M
| $600K | ﹤0.01% |
93,421
-22,047
| -19% | -$137K |
|
3518
Alpha Architect International Quantitative Momentum ETF
IMOM
$153M
| $599K | ﹤0.01% |
22,721
-1,444
| -6% | -$36.3K |
|
3519
Tenable Holdings
TENB
$3.72B
| $597K | ﹤0.01% |
12,972
+179
| +1% | +$7.53K |
|
3520
Business First Bancshares
BFST
$1.04B
| $597K | ﹤0.01% |
24,202
-7,900
| -25% | -$164K |
|
3521
La-Z-Boy
LZB
$1.63B
| $596K | ﹤0.01% |
16,144
-1,240
| -7% | -$40K |
|
3522
Touchstone Dynamic International ETF
TDI
$402M
| $596K | ﹤0.01% |
+22,252
| New | +$586K |
|
3523
Appian
APPN
$2.05B
| $595K | ﹤0.01% |
15,807
-5,479
| -26% | -$214K |
|
3524
Lazard
LAZ
$4.13B
| $595K | ﹤0.01% |
17,089
-367
| -2% | -$11.1K |
|
3525
MiMedx Group
MDXG
$649M
| $595K | ﹤0.01% |
67,801
-9,534
| -12% | -$69.8K |
|
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.