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 | |
|---|---|---|---|---|---|---|
4076
CALL
Viking Therapeutics
VKTX
$3.7B
| $307K | ﹤0.01% |
16,500
| – | – |
|
4077
Rocket Pharmaceuticals
RCKT
$340M
| $307K | ﹤0.01% |
10,232
-534
| -5% | -$11.8K |
|
4078
NeoGenomics
NEO
$1.96B
| $306K | ﹤0.01% |
18,938
+6,618
| +54% | +$108K |
|
|
IAF
4079
abrdn Australia Equity Fund
IAF
$122M
| $306K | ﹤0.01% |
23,522
-3,438
| -13% | -$40.8K |
|
|
BAND
4080
Bandwidth Inc
BAND
$1.26B
| $305K | ﹤0.01% |
21,058
-3,293
| -14% | -$38.4K |
|
4081
Madison Square Garden
MSGS
$9.48B
| $303K | ﹤0.01% |
1,668
+115
| +7% | +$19.9K |
|
4082
Caleres
CAL
$431M
| $303K | ﹤0.01% |
+9,867
| New | +$278K |
|
4083
Simply Good Foods
SMPL
$901M
| $302K | ﹤0.01% |
7,627
-2,796
| -27% | -$104K |
|
|
NVRO
4084
DELISTED
NEVRO CORP.
NVRO
| $302K | ﹤0.01% |
+14,019
| New | +$250K |
|
|
XWEB
4085
DELISTED
SPDR S&P Internet ETF
XWEB
| $301K | ﹤0.01% |
3,422
-773
| -18% | -$59.1K |
|
|
EVBN
4086
DELISTED
Evans Bancorp Inc
EVBN
| $300K | ﹤0.01% |
9,519
| – | – |
|
4087
Copa Holdings
CPA
$5.76B
| $299K | ﹤0.01% |
2,814
+482
| +21% | +$44.1K |
|
|
TDSE
4088
DELISTED
Cabana Target Drawdown 16 ETF
TDSE
| $299K | ﹤0.01% |
12,884
+138
| +1% | +$3.06K |
|
4089
Nuveen Select Maturities Municipal Fund
NIM
$114M
| $299K | ﹤0.01% |
33,891
| – | – |
|
4090
Aurinia Pharmaceuticals
AUPH
$1.91B
| $299K | ﹤0.01% |
33,217
+600
| +2% | +$4.94K |
|
4091
NGL Energy Partners
NGL
$2.05B
| $298K | ﹤0.01% |
53,485
+23,610
| +79% | +$102K |
|
4092
Tronox
TROX
$932M
| $298K | ﹤0.01% |
21,018
+2,625
| +14% | +$32.2K |
|
|
AIRC
4093
DELISTED
Apartment Income REIT Corp.
AIRC
| $298K | ﹤0.01% |
8,569
+327
| +4% | +$10.2K |
|
4094
Uranium Energy
UEC
$4.75B
| $297K | ﹤0.01% |
46,416
-2,102
| -4% | -$12.5K |
|
4095
Leslie's
LESL
$8.9M
| $296K | ﹤0.01% |
2,143
+208
| +11% | +$22.9K |
|
4096
Harmonic Inc
HLIT
$1.25B
| $296K | ﹤0.01% |
22,696
+1,547
| +7% | +$16.5K |
|
4097
Newmark Group
NMRK
$2.66B
| $295K | ﹤0.01% |
26,940
-13,052
| -33% | -$98.6K |
|
|
HIO
4098
Western Asset High Income Opportunity Fund
HIO
$336M
| $295K | ﹤0.01% |
76,359
-1,855
| -2% | -$6.93K |
|
|
FTF
4099
Franklin Limited Duration Income Trust
FTF
$231M
| $295K | ﹤0.01% |
47,383
+9,464
| +25% | +$57.7K |
|
4100
Walker & Dunlop
WD
$1.71B
| $295K | ﹤0.01% |
+2,655
| New | +$218K |
|
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.