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 | |
|---|---|---|---|---|---|---|
|
3676
CALL
Invesco QQQ Trust
QQQ
$453B
| $491K | ﹤0.01% |
+1,200
| New | +$456K |
|
3677
Innovator US Equity Ultra Buffer ETF January
UJAN
$278M
| $491K | ﹤0.01% |
14,247
-3,305
| -19% | -$110K |
|
3678
Clean Energy Fuels
CLNE
$427M
| $490K | ﹤0.01% |
127,827
-44,176
| -26% | -$161K |
|
3679
Franklin FTSE Canada ETF
FLCA
$805M
| $489K | ﹤0.01% |
14,710
+2,742
| +23% | +$84.5K |
|
3680
Terreno Realty
TRNO
$7.57B
| $488K | ﹤0.01% |
7,781
+512
| +7% | +$29.1K |
|
3681
Manchester United
MANU
$3.97B
| $487K | ﹤0.01% |
23,907
+2,092
| +10% | +$39.7K |
|
3682
Texas Capital Bancshares
TCBI
$4.3B
| $487K | ﹤0.01% |
7,531
+56
| +0.7% | +$3.23K |
|
3683
Valaris
VAL
$5.48B
| $487K | ﹤0.01% |
7,095
-349
| -5% | -$23.9K |
|
|
FM
3684
DELISTED
iShares Frontier and Select EM ETF
FM
| $486K | ﹤0.01% |
18,493
+896
| +5% | +$23.3K |
|
3685
American Eagle Outfitters
AEO
$2.88B
| $486K | ﹤0.01% |
22,985
+5,479
| +31% | +$102K |
|
3686
RXO
RXO
$3.34B
| $486K | ﹤0.01% |
20,887
+1,240
| +6% | +$24.9K |
|
3687
JPMorgan Core Plus Bond ETF
JCPB
$13.9B
| $486K | ﹤0.01% |
+10,315
| New | +$466K |
|
3688
Harrow
HROW
$1.45B
| $486K | ﹤0.01% |
43,361
+25,495
| +143% | +$302K |
|
3689
Shutterstock
SSTK
$198M
| $485K | ﹤0.01% |
10,053
-29,843
| -75% | -$1.26M |
|
3690
Riley Exploration Permian
REPX
$744M
| $484K | ﹤0.01% |
+17,783
| New | +$502K |
|
|
OCCI
3691
OFS Credit Co
OCCI
$72.3M
| $484K | ﹤0.01% |
74,892
+3,573
| +5% | +$23.1K |
|
3692
CNA Financial
CNA
$14.2B
| $484K | ﹤0.01% |
11,433
+450
| +4% | +$18.3K |
|
3693
Innovator US Equity Ultra Buffer ETF April
UAPR
$157M
| $482K | ﹤0.01% |
17,582
+7,765
| +79% | +$205K |
|
3694
Innovator US Equity Ultra Buffer ETF May
UMAY
$139M
| $482K | ﹤0.01% |
16,398
+749
| +5% | +$21.2K |
|
3695
TriCo Bancshares
TCBK
$1.84B
| $482K | ﹤0.01% |
11,208
+1,162
| +12% | +$41.7K |
|
3696
Oxford Industries
OXM
$566M
| $480K | ﹤0.01% |
4,798
-121
| -2% | -$11.3K |
|
|
BRSL
3697
Brightstar Lottery PLC
BRSL
$1.84B
| $480K | ﹤0.01% |
17,500
-471
| -3% | -$13.2K |
|
3698
Q2 Holdings
QTWO
$3.8B
| $479K | ﹤0.01% |
11,043
-1,090
| -9% | -$38.7K |
|
3699
Asbury Automotive
ABG
$4.31B
| $479K | ﹤0.01% |
2,127
+1,256
| +144% | +$265K |
|
|
CIL
3700
DELISTED
VictoryShares International Volatility Wtd ETF
CIL
| $478K | ﹤0.01% |
11,466
-2,221
| -16% | -$86.1K |
|
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.