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 | |
|---|---|---|---|---|---|---|
|
GTLS
3751
DELISTED
Chart Industries
GTLS
| $450K | ﹤0.01% |
3,300
-1,239
| -27% | -$167K |
|
3752
Runway Growth Finance
RWAY
$232M
| $449K | ﹤0.01% |
35,599
+1,104
| +3% | +$13.8K |
|
3753
Sportradar
SRAD
$4.3B
| $449K | ﹤0.01% |
40,596
+4,653
| +13% | +$45.7K |
|
3754
Franklin FTSE Australia ETF
FLAU
$177M
| $447K | ﹤0.01% |
15,699
-3,855
| -20% | -$100K |
|
3755
First Commonwealth Financial
FCF
$2.18B
| $446K | ﹤0.01% |
28,902
+749
| +3% | +$10K |
|
3756
Skywest
SKYW
$4.24B
| $445K | ﹤0.01% |
+8,523
| New | +$383K |
|
3757
Park National Corp
PRK
$3.76B
| $445K | ﹤0.01% |
3,347
| – | – |
|
3758
Elanco Animal Health
ELAN
$13.2B
| $444K | ﹤0.01% |
29,807
+4,581
| +18% | +$51.9K |
|
3759
Invesco Bloomberg Analyst Rating Improvers ETF
UPGD
$118M
| $443K | ﹤0.01% |
7,177
-199
| -3% | -$11.2K |
|
3760
Arcosa
ACA
$7.13B
| $443K | ﹤0.01% |
5,363
-982
| -15% | -$72.1K |
|
3761
KraneShares Bosera MSCI China A 50 Connect Index ETF
KBA
$147M
| $443K | ﹤0.01% |
21,399
-6,252
| -23% | -$134K |
|
3762
Cirrus Logic
CRUS
$6.53B
| $442K | ﹤0.01% |
5,318
+457
| +9% | +$34.2K |
|
3763
O-I Glass
OI
$1.1B
| $442K | ﹤0.01% |
27,007
-78,389
| -74% | -$1.21M |
|
|
PCQ
3764
Pimco California Municipal Income Fund
PCQ
$163M
| $441K | ﹤0.01% |
47,341
-165,931
| -78% | -$1.48M |
|
3765
Horizon Bancorp
HBNC
$1.04B
| $441K | ﹤0.01% |
30,812
-422
| -1% | -$4.76K |
|
3766
Liberty Energy
LBRT
$3.05B
| $440K | ﹤0.01% |
+24,247
| New | +$461K |
|
3767
Arrow Dow Jones Global Yield ETF
GYLD
$36.8M
| $439K | ﹤0.01% |
32,915
-141
| -0.4% | -$1.75K |
|
3768
Coupang
CPNG
$29.3B
| $439K | ﹤0.01% |
27,121
-3,977
| -13% | -$65.6K |
|
3769
MoonLake Immunotherapeutics
MLTX
$1.57B
| $439K | ﹤0.01% |
7,266
+404
| +6% | +$20.8K |
|
|
RDFN
3770
DELISTED
Redfin
RDFN
| $439K | ﹤0.01% |
42,518
+23,190
| +120% | +$161K |
|
3771
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $438K | ﹤0.01% |
13,685
+3,268
| +31% | +$92.6K |
|
|
SACH
3772
Sachem Capital Corp
SACH
$39.1M
| $437K | ﹤0.01% |
116,974
-37,153
| -24% | -$133K |
|
3773
FT Vest US Equity Deep Buffer ETF March
DMAR
$454M
| $437K | ﹤0.01% |
12,919
+2,624
| +25% | +$86.3K |
|
3774
Marcus & Millichap
MMI
$1.16B
| $437K | ﹤0.01% |
10,003
+1,090
| +12% | +$36.2K |
|
|
GDEN
3775
DELISTED
Golden Entertainment
GDEN
| $435K | ﹤0.01% |
10,901
+127
| +1% | +$4.6K |
|
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.