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 | |
|---|---|---|---|---|---|---|
4726
Nektar Therapeutics
NKTR
$2.39B
| $20.1K | ﹤0.01% |
2,367
| – | – |
|
|
FLNT
4727
Fluent
FLNT
$106M
| $19.7K | ﹤0.01% |
4,894
-1,840
| -27% | -$5.81K |
|
4728
Biomerica
BMRA
$4.91M
| $19K | ﹤0.01% |
+1,897
| New | +$14.3K |
|
|
HELP
4729
Cybin Inc
HELP
$490M
| $18.9K | ﹤0.01% |
1,211
+258
| +27% | +$4.8K |
|
4730
TRX Gold Corp
TRX
$249M
| $18.1K | ﹤0.01% |
47,532
| – | – |
|
4731
Smartbird Inc
BIRD
$19.5M
| $17.8K | ﹤0.01% |
725
-20
| -3% | -$395 |
|
|
AGEN
4732
Agenus
AGEN
$276M
| $17.7K | ﹤0.01% |
1,067
-25
| -2% | -$414 |
|
|
NAK
4733
Northern Dynasty Minerals
NAK
$773M
| $17.6K | ﹤0.01% |
54,450
| – | – |
|
4734
NextCure
NXTC
$20.4M
| $17.1K | ﹤0.01% |
+1,253
| New | +$18.2K |
|
4735
American Resources Corp
AREC
$183M
| $16.8K | ﹤0.01% |
11,300
-7,000
| -38% | -$10.7K |
|
|
EMX
4736
DELISTED
EMX Royalty
EMX
| $16.8K | ﹤0.01% |
10,340
| – | – |
|
|
CRGE
4737
DELISTED
Charge Enterprises, Inc. Common Stock
CRGE
| $16.4K | ﹤0.01% |
144,000
| – | – |
|
|
GLDG
4738
GoldMining Inc
GLDG
$181M
| $16.2K | ﹤0.01% |
16,678
+6,178
| +59% | +$5.34K |
|
4739
374Water
SCWO
$37.4M
| $15.9K | ﹤0.01% |
1,119
| – | – |
|
|
CANG
4740
Cango Inc
CANG
$64M
| $15.1K | ﹤0.01% |
1,481
| – | – |
|
4741
American Well
AMWL
$180M
| $15.1K | ﹤0.01% |
505
-282
| -36% | -$6.92K |
|
4742
Kartoon Studios
TOON
$34M
| $14.6K | ﹤0.01% |
10,532
-164
| -2% | -$212 |
|
|
MESO
4743
Mesoblast
MESO
$1.83B
| $14.2K | ﹤0.01% |
6,439
+1
| +0% | +$2 |
|
|
GOEV
4744
DELISTED
Canoo Inc. Class A Common Stock
GOEV
| $13.6K | ﹤0.01% |
115
+1
| +0.9% | +$135 |
|
4745
TMC The Metals Company
TMC
$1.49B
| $13.2K | ﹤0.01% |
12,040
+500
| +4% | +$517 |
|
|
VXRT
4746
DELISTED
Vaxart
VXRT
| $12.7K | ﹤0.01% |
22,110
-1,266
| -5% | -$875 |
|
4747
Rigetti Computing
RGTI
$4.39B
| $12.6K | ﹤0.01% |
12,813
-500
| -4% | -$570 |
|
|
VWE
4748
DELISTED
Vintage Wine Estates, Inc. Common Stock
VWE
| $12.2K | ﹤0.01% |
24,375
+2,375
| +11% | +$1.35K |
|
4749
Orion Energy Systems
OESX
$38.9M
| $12.2K | ﹤0.01% |
1,407
+366
| +35% | +$3.6K |
|
|
AEVA
4750
Aeva Technologies
AEVA
$956M
| $11.9K | ﹤0.01% |
+3,142
| New | +$10K |
|
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.