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 | |
|---|---|---|---|---|---|---|
526
W.P. Carey
WPC
$16.9B
| $46.3M | 0.03% |
714,736
-60,548
| -8% | -$3.49M |
|
527
Invesco Equal Weight 0-30 Year Treasury ETF
GOVI
$1.22B
| $46.1M | 0.03% |
1,599,407
+45,045
| +3% | +$1.23M |
|
528
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.77B
| $46M | 0.03% |
1,227,574
+787,675
| +179% | +$26.4M |
|
529
Global X Russell 2000 Covered Call ETF
RYLD
$1.37B
| $46M | 0.03% |
2,745,752
-1,154,286
| -30% | -$19.2M |
|
530
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$2.01B
| $45.9M | 0.03% |
1,589,153
-637,877
| -29% | -$17.4M |
|
531
iShares Fallen Angels USD Bond ETF
FALN
$1.63B
| $45.8M | 0.03% |
1,735,056
+311,536
| +22% | +$7.87M |
|
532
WisdomTree US LargeCap Fund
EPS
$1.58B
| $45.7M | 0.03% |
912,313
+156,537
| +21% | +$7.39M |
|
533
KLA
KLAC
$236B
| $45.4M | 0.03% |
780,700
+145,400
| +23% | +$7.57M |
|
534
JPMorgan BetaBuilders International Equity ETF
BBIN
$6.64B
| $45.4M | 0.03% |
797,090
+77,555
| +11% | +$4.14M |
|
535
Dimensional International Core Equity 2 ETF
DFIC
$14.8B
| $45.2M | 0.03% |
1,772,083
+219,924
| +14% | +$5.23M |
|
536
AB Tax-Aware Short Duration Municipal ETF
TAFI
$1.37B
| $45.1M | 0.03% |
1,792,469
+659,370
| +58% | +$16.3M |
|
|
IBDQ
537
DELISTED
iShares iBonds Dec 2025 Term Corporate ETF
IBDQ
| $44.7M | 0.03% |
1,806,304
+265,318
| +17% | +$6.5M |
|
538
Vanguard Consumer Discretionary ETF
VCR
$5.98B
| $44.7M | 0.03% |
146,662
+4,533
| +3% | +$1.26M |
|
539
Builders FirstSource
BLDR
$7.1B
| $44.6M | 0.03% |
267,113
+69,142
| +35% | +$9.19M |
|
540
Nuveen ESG Large-Cap Growth ETF
NULG
$2.67B
| $44.5M | 0.03% |
640,781
-48,922
| -7% | -$3.11M |
|
541
Distillate US Fundamental Stability & Value ETF
DSTL
$1.98B
| $44.5M | 0.03% |
900,701
-2,849
| -0.3% | -$131K |
|
542
Hershey
HSY
$35.9B
| $44.4M | 0.03% |
238,386
+28,400
| +14% | +$5.38M |
|
543
Franklin US Low Volatility High Dividend Index ETF
LVHD
$629M
| $44.3M | 0.03% |
1,219,406
-54,392
| -4% | -$1.88M |
|
544
Capital Group Core Plus Income ETF
CGCP
$8.39B
| $44.3M | 0.03% |
1,950,671
+616,740
| +46% | +$13.5M |
|
545
Fidelity Nasdaq Composite Index ETF
ONEQ
$10.2B
| $44.1M | 0.03% |
744,870
-3,518
| -0.5% | -$193K |
|
546
EOG Resources
EOG
$77.5B
| $44M | 0.03% |
364,073
+8,500
| +2% | +$1.06M |
|
547
W.W. Grainger
GWW
$64B
| $44M | 0.03% |
53,100
+1,912
| +4% | +$1.47M |
|
548
Shell
SHEL
$250B
| $43.7M | 0.03% |
664,533
+31,246
| +5% | +$2.05M |
|
549
Trade Desk
TTD
$8.59B
| $43.3M | 0.03% |
601,413
+56,002
| +10% | +$4.11M |
|
550
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.05B
| $43.2M | 0.03% |
685,191
+11,925
| +2% | +$677K |
|
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.