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 | |
|---|---|---|---|---|---|---|
626
Sysco
SYY
$40.5B
| $35M | 0.02% |
478,551
+57,055
| +14% | +$3.94M |
|
627
Novartis
NVS
$295B
| $34.9M | 0.02% |
346,022
+15,980
| +5% | +$1.54M |
|
628
Global X Uranium ETF
URA
$5.35B
| $34.9M | 0.02% |
1,260,931
+218,905
| +21% | +$6.01M |
|
629
Cintas
CTAS
$82B
| $34.9M | 0.02% |
231,564
+7,736
| +3% | +$1.04M |
|
630
State Street SPDR S&P International Small Cap ETF
GWX
$854M
| $34.9M | 0.02% |
1,097,886
+85,325
| +8% | +$2.5M |
|
631
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
| $34.9M | 0.02% |
729,558
-26,564
| -4% | -$1.25M |
|
632
iShares US Healthcare Providers ETF
IHF
$1.2B
| $34.7M | 0.02% |
660,995
+290,745
| +79% | +$14.7M |
|
633
iShares Global 100 ETF
IOO
$8.79B
| $34.7M | 0.02% |
431,020
+34,360
| +9% | +$2.63M |
|
634
Occidental Petroleum
OXY
$55.5B
| $34.6M | 0.02% |
580,098
+34,716
| +6% | +$2.12M |
|
635
Autodesk
ADSK
$48.6B
| $34.6M | 0.02% |
142,193
+26,682
| +23% | +$5.76M |
|
636
Dimensional US Targeted Value ETF
DFAT
$14.5B
| $34.5M | 0.02% |
659,206
-10,435
| -2% | -$488K |
|
637
Hewlett Packard
HPE
$62.3B
| $34.5M | 0.02% |
2,031,153
+155,961
| +8% | +$2.54M |
|
638
VanEck BDC Income ETF
BIZD
$1.59B
| $34.5M | 0.02% |
2,149,082
-22,519
| -1% | -$352K |
|
639
iShares ESG Optimized MSCI USA ETF
SUSA
$3.98B
| $34.4M | 0.02% |
342,535
+15,706
| +5% | +$1.47M |
|
640
Schwab Fundamental International Large Company Index ETF
FNDF
$24.7B
| $34.4M | 0.02% |
1,018,450
-18,136
| -2% | -$581K |
|
641
State Street SPDR Russell 1000 Low Volatility Focus ETF
ONEV
$304M
| $34.3M | 0.02% |
299,329
+28,446
| +11% | +$3.05M |
|
642
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.2B
| $34.2M | 0.02% |
235,631
-113,427
| -32% | -$15.7M |
|
643
Arista Networks
ANET
$222B
| $34M | 0.02% |
577,712
+101,216
| +21% | +$5.32M |
|
644
O'Reilly Automotive
ORLY
$72.6B
| $33.8M | 0.02% |
533,850
+12,660
| +2% | +$800K |
|
645
iShares Global REIT ETF
REET
$5.07B
| $33.8M | 0.02% |
1,397,713
-21,240
| -1% | -$465K |
|
|
XYZ
646
Block Inc
XYZ
$48.2B
| $33.8M | 0.02% |
436,614
+50,187
| +13% | +$2.84M |
|
|
GRID
647
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$11.4B
| $33.7M | 0.02% |
321,908
+3,098
| +1% | +$293K |
|
648
Berkshire Hathaway Class A
BRK.A
$1.1T
| $33.6M | 0.02% |
62
-9
| -13% | -$4.8M |
|
649
PIMCO Dynamic Income Fund
PDI
$7.41B
| $33.4M | 0.02% |
1,860,907
+409,648
| +28% | +$7.05M |
|
650
First Trust US Equity Opportunities ETF
FPX
$1.46B
| $33.3M | 0.02% |
347,057
-10,683
| -3% | -$921K |
|
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.