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 | |
|---|---|---|---|---|---|---|
3651
Tencent Music
TME
$15.5B
| $514K | ﹤0.01% |
56,996
+32,627
| +134% | +$252K |
|
3652
Blue Owl Capital
OWL
$6.96B
| $512K | ﹤0.01% |
+34,373
| New | +$463K |
|
3653
Li Auto
LI
$13.4B
| $510K | ﹤0.01% |
13,622
-786
| -5% | -$28.4K |
|
3654
ProShares MSCI Europe Dividend Growers ETF
EUDV
$8.36M
| $510K | ﹤0.01% |
10,739
-200
| -2% | -$8.68K |
|
3655
Westrock Coffee
WEST
$792M
| $508K | ﹤0.01% |
49,800
-1,900
| -4% | -$17K |
|
3656
Meritage Homes
MTH
$4.58B
| $508K | ﹤0.01% |
5,834
-824
| -12% | -$56.8K |
|
3657
Associated Banc-Corp
ASB
$5.83B
| $507K | ﹤0.01% |
23,721
-2,074
| -8% | -$37.3K |
|
|
NQP
3658
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
| $507K | ﹤0.01% |
43,814
+1,233
| +3% | +$13.1K |
|
3659
Zeta Global
ZETA
$5.38B
| $507K | ﹤0.01% |
57,443
| – | – |
|
3660
ProShares Short High Yield
SJB
$51.8M
| $506K | ﹤0.01% |
29,352
-10,240
| -26% | -$186K |
|
|
ABXB
3661
Abacus Flexible Bond Leaders ETF
ABXB
$1.91M
| $506K | ﹤0.01% |
24,077
-408
| -2% | -$8.33K |
|
3662
Virtus Terranova US Quality Momentum ETF
JOET
$241M
| $506K | ﹤0.01% |
16,488
-12,301
| -43% | -$352K |
|
|
WSR
3663
DELISTED
Whitestone REIT
WSR
| $505K | ﹤0.01% |
41,067
-2,959
| -7% | -$31.7K |
|
3664
Global X Emerging Markets Bond ETF
EMBD
$249M
| $505K | ﹤0.01% |
22,528
-81
| -0.4% | -$1.73K |
|
3665
Peloton Interactive
PTON
$2.77B
| $504K | ﹤0.01% |
82,756
+27,818
| +51% | +$150K |
|
3666
AllianzIM U.S. Equity Buffer20 Jan ETF
JANW
$348M
| $503K | ﹤0.01% |
+16,608
| New | +$490K |
|
3667
AdvisorShares Dorsey Wright ADR ETF
AADR
$39.4M
| $503K | ﹤0.01% |
8,944
-612
| -6% | -$31.5K |
|
3668
Calix
CALX
$2.26B
| $502K | ﹤0.01% |
11,483
+212
| +2% | +$8.48K |
|
3669
Resideo Technologies
REZI
$5.19B
| $501K | ﹤0.01% |
26,596
+6,324
| +31% | +$104K |
|
3670
Alarm.com
ALRM
$2.71B
| $500K | ﹤0.01% |
7,743
+487
| +7% | +$27.9K |
|
3671
Synaptics
SYNA
$4.19B
| $497K | ﹤0.01% |
+4,357
| New | +$432K |
|
3672
PUT
SPDR Gold Trust
GLD
$131B
| $497K | ﹤0.01% |
+2,600
| New | +$477K |
|
|
PML
3673
PIMCO Municipal Income Fund II
PML
$485M
| $496K | ﹤0.01% |
59,819
-78,497
| -57% | -$611K |
|
3674
Adaptive Biotechnologies
ADPT
$3.59B
| $496K | ﹤0.01% |
101,229
+19,761
| +24% | +$90.2K |
|
|
SILV
3675
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $492K | ﹤0.01% |
75,121
-30,630
| -29% | -$170K |
|
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.