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 | |
|---|---|---|---|---|---|---|
|
JCTC
4251
Jewett-Cameron Trading
JCTC
$9.33M
| $242K | ﹤0.01% |
44,566
+1,900
| +4% | +$9.24K |
|
|
EIC
4252
Eagle Point Income Co
EIC
$230M
| $242K | ﹤0.01% |
16,593
-255
| -2% | -$3.63K |
|
4253
United States 12 Month Oil Fund,
USL
$45.1M
| $241K | ﹤0.01% |
+6,871
| New | +$257K |
|
4254
Carter's
CRI
$1.42B
| $241K | ﹤0.01% |
3,218
-386
| -11% | -$26.8K |
|
4255
NexGen Energy
NXE
$6.06B
| $241K | ﹤0.01% |
34,381
+8,569
| +33% | +$53.4K |
|
4256
Lakeland Industries
LAKE
$113M
| $240K | ﹤0.01% |
+12,964
| New | +$199K |
|
4257
Zymeworks
ZYME
$1.61B
| $240K | ﹤0.01% |
+23,126
| New | +$184K |
|
|
PPLI
4258
People Inc
PPLI
$3.09B
| $240K | ﹤0.01% |
5,588
-8,416
| -60% | -$330K |
|
4259
Cable One
CABO
$227M
| $240K | ﹤0.01% |
431
+41
| +11% | +$23.4K |
|
4260
Great Southern Bancorp
GSBC
$874M
| $240K | ﹤0.01% |
+4,041
| New | +$212K |
|
|
CGC
4261
Canopy Growth
CGC
$387M
| $240K | ﹤0.01% |
46,907
-1,592
| -3% | -$9.48K |
|
4262
Vident International Equity Strategy
VIDI
$433M
| $239K | ﹤0.01% |
9,724
-343
| -3% | -$7.89K |
|
4263
Champion Homes
SKY
$4.37B
| $239K | ﹤0.01% |
3,213
-60
| -2% | -$3.77K |
|
4264
Franklin FTSE Taiwan ETF
FLTW
$2.67B
| $237K | ﹤0.01% |
5,740
+110
| +2% | +$4.21K |
|
4265
Lennar Class B
LEN.B
$19.4B
| $237K | ﹤0.01% |
+1,858
| New | +$202K |
|
4266
S&T Bancorp
STBA
$1.84B
| $236K | ﹤0.01% |
7,065
-6,149
| -47% | -$176K |
|
4267
Bain Capital Specialty
BCSF
$806M
| $236K | ﹤0.01% |
15,667
+1,934
| +14% | +$29.4K |
|
4268
Choiceone Financial
COFS
$509M
| $236K | ﹤0.01% |
+8,055
| New | +$188K |
|
4269
Global Partners
GLP
$1.68B
| $236K | ﹤0.01% |
5,577
-1,153
| -17% | -$39.6K |
|
4270
Novavax
NVAX
$1.2B
| $236K | ﹤0.01% |
49,082
+2,973
| +6% | +$18.2K |
|
|
OLO
4271
DELISTED
Olo Inc
OLO
| $235K | ﹤0.01% |
41,164
-1,645
| -4% | -$9.04K |
|
4272
RPC Inc
RES
$1.24B
| $235K | ﹤0.01% |
32,302
+17,693
| +121% | +$139K |
|
4273
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$113M
| $235K | ﹤0.01% |
+8,361
| New | +$222K |
|
4274
Zillow
ZG
$7.94B
| $235K | ﹤0.01% |
+4,140
| New | +$177K |
|
4275
BlackRock MuniYield New York Quality Fund
MYN
$372M
| $235K | ﹤0.01% |
22,728
-7,862
| -26% | -$73.8K |
|
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.