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 | |
|---|---|---|---|---|---|---|
551
L3Harris
LHX
$50.7B
| $43.2M | 0.03% |
205,032
+32,666
| +19% | +$6.13M |
|
552
Mercado Libre
MELI
$95.6B
| $43.1M | 0.03% |
27,422
+85
| +0.3% | +$120K |
|
553
Intercontinental Exchange
ICE
$87.7B
| $43M | 0.03% |
334,640
+31,064
| +10% | +$3.52M |
|
554
TE Connectivity
TEL
$59.9B
| $42.9M | 0.03% |
305,028
+1,954
| +0.6% | +$251K |
|
555
Clorox
CLX
$11.7B
| $42.7M | 0.03% |
299,594
+22,759
| +8% | +$3.03M |
|
556
Invesco Variable Rate Investment Grade ETF
VRIG
$1.8B
| $42.7M | 0.03% |
1,709,305
+298,803
| +21% | +$7.46M |
|
557
Dimensional US Marketwide Value ETF
DFUV
$15.4B
| $42.5M | 0.03% |
1,142,735
-3,094
| -0.3% | -$107K |
|
558
Devon Energy
DVN
$50.9B
| $42.3M | 0.03% |
933,773
-90,914
| -9% | -$4.16M |
|
559
PUT
VanEck Semiconductor ETF
SMH
$65B
| $42.2M | 0.03% |
241,500
-9,600
| -4% | -$1.5M |
|
560
Invesco Dow Jones Industrial Average Dividend ETF
DJD
$482M
| $42M | 0.03% |
912,188
-316,136
| -26% | -$13.5M |
|
561
iShares iBonds Dec 2026 Term Corporate ETF
IBDR
$3.44B
| $41.9M | 0.03% |
1,751,297
+578,835
| +49% | +$13.6M |
|
562
State Street SPDR Portfolio Long Term Corporate Bond ETF
SPLB
$1.19B
| $41.7M | 0.03% |
1,751,752
-102,946
| -6% | -$2.25M |
|
563
SLB Ltd
SLB
$72.6B
| $41.5M | 0.03% |
796,806
+49,897
| +7% | +$2.71M |
|
|
FISV
564
Fiserv Inc
FISV
$28.8B
| $41.4M | 0.03% |
311,769
+12,581
| +4% | +$1.54M |
|
565
WisdomTree International Equity Fund
DWM
$681M
| $41.4M | 0.03% |
787,738
+24,506
| +3% | +$1.21M |
|
566
iShares Future Exponential Technologies ETF
XT
$3.79B
| $41.1M | 0.02% |
686,984
+9,896
| +1% | +$534K |
|
567
Invesco S&P 100 Equal Weight ETF
EQWL
$2.7B
| $41.1M | 0.02% |
469,363
+25,572
| +6% | +$2.08M |
|
568
Republic Services
RSG
$65B
| $40.8M | 0.02% |
247,411
+42,013
| +20% | +$6.52M |
|
569
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
BBHY
$616M
| $40.7M | 0.02% |
886,979
-73,693
| -8% | -$3.27M |
|
570
PIMCO Enhanced Low Duration Active Exchange-Traded Fund
LDUR
$1.37B
| $40.6M | 0.02% |
428,926
+265,020
| +162% | +$24.9M |
|
571
Invesco Senior Loan ETF
BKLN
$6.97B
| $40.5M | 0.02% |
1,913,555
+385,327
| +25% | +$8.08M |
|
572
iShares MSCI Japan ETF
EWJ
$22.1B
| $40.5M | 0.02% |
630,874
-247,995
| -28% | -$15.2M |
|
|
IBTE
573
DELISTED
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
| $40.2M | 0.02% |
1,686,106
+256,818
| +18% | +$6.12M |
|
574
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| $40.2M | 0.02% |
1,660,110
-211,320
| -11% | -$5.07M |
|
575
Kenvue
KVUE
$37.1B
| $39.9M | 0.02% |
1,855,151
+1,001,752
| +117% | +$20M |
|
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.