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 | |
|---|---|---|---|---|---|---|
4426
Nuveen Massachusetts Quality Municipal Income Fund
NMT
$129M
| $177K | ﹤0.01% |
16,843
+31
| +0.2% | +$306 |
|
4427
Ecopetrol
EC
$34.5B
| $177K | ﹤0.01% |
+14,829
| New | +$180K |
|
|
FMY
4428
First Trust Mortgage Income Fund
FMY
$49M
| $176K | ﹤0.01% |
14,492
-339
| -2% | -$3.84K |
|
4429
Hertz
HTZ
$500M
| $175K | ﹤0.01% |
16,863
-4,477
| -21% | -$43.2K |
|
4430
Conductor Global Equity Value ETF
CGV
$130M
| $174K | ﹤0.01% |
13,039
+1,796
| +16% | +$23.1K |
|
|
MPV
4431
Barings Participation Investors
MPV
$174M
| $174K | ﹤0.01% |
11,148
+52
| +0.5% | +$726 |
|
|
CRON
4432
Cronos Group
CRON
$1.06B
| $174K | ﹤0.01% |
83,102
-9,720
| -10% | -$18.9K |
|
|
CIF
4433
DELISTED
MFS Intermediate High Income Fund
CIF
| $173K | ﹤0.01% |
100,646
-145,273
| -59% | -$234K |
|
4434
Gates Industrial Corporation Ltd.
GTES
$7.08B
| $171K | ﹤0.01% |
12,740
-437
| -3% | -$5.17K |
|
4435
CytomX Therapeutics
CTMX
$675M
| $171K | ﹤0.01% |
110,265
+4,873
| +5% | +$6.41K |
|
4436
PUT
Viatris
VTRS
$20.4B
| $170K | ﹤0.01% |
15,700
-22,600
| -59% | -$216K |
|
4437
Main Thematic Innovation ETF
TMAT
$230M
| $170K | ﹤0.01% |
+10,352
| New | +$148K |
|
|
RGT
4438
Royce Global Value Trust
RGT
$98.8M
| $169K | ﹤0.01% |
17,376
-7,344
| -30% | -$64.6K |
|
4439
Global X Hydrogen ETF
HYDR
$83.9M
| $168K | ﹤0.01% |
4,863
+2,069
| +74% | +$67.8K |
|
4440
Blink Charging
BLNK
$74.3M
| $167K | ﹤0.01% |
49,394
+473
| +1% | +$1.48K |
|
|
JEQ
4441
DELISTED
abrdn Japan Equity Fund
JEQ
| $167K | ﹤0.01% |
29,130
+7,341
| +34% | +$39.4K |
|
|
HDRO
4442
DELISTED
Defiance Next Gen H2 ETF
HDRO
| $164K | ﹤0.01% |
3,179
-6,373
| -67% | -$313K |
|
4443
EVgo
EVGO
$223M
| $163K | ﹤0.01% |
45,470
-8,226
| -15% | -$24.4K |
|
4444
Amplify Seymour Cannabis ETF
CNBS
$70.6M
| $163K | ﹤0.01% |
3,176
-114
| -3% | -$5.6K |
|
|
DISH
4445
DELISTED
DISH Network Corp.
DISH
| $163K | ﹤0.01% |
+28,183
| New | +$126K |
|
|
DNB
4446
DELISTED
Dun & Bradstreet
DNB
| $162K | ﹤0.01% |
13,858
-486
| -3% | -$4.95K |
|
4447
Seres Therapeutics
MCRB
$46.8M
| $162K | ﹤0.01% |
5,777
-421
| -7% | -$11.1K |
|
|
MFV
4448
DELISTED
MFS SPECIAL VALUE TRUST
MFV
| $160K | ﹤0.01% |
39,197
-27,668
| -41% | -$110K |
|
4449
Empire State Realty Trust
ESRT
$872M
| $160K | ﹤0.01% |
16,536
-3,251
| -16% | -$28.2K |
|
4450
SunCoke Energy
SXC
$720M
| $159K | ﹤0.01% |
14,770
+84
| +0.6% | +$801 |
|
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.