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 | |
|---|---|---|---|---|---|---|
726
Veralto
VLTO
$23B
| $28.4M | 0.02% |
+345,362
| New | +$25.8M |
|
727
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$248M
| $28.4M | 0.02% |
904,735
-72,025
| -7% | -$2.16M |
|
728
Invesco S&P International Developed Quality ETF
IDHQ
$928M
| $28.4M | 0.02% |
993,344
+404,070
| +69% | +$10.8M |
|
729
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.11B
| $28.3M | 0.02% |
595,925
+24,555
| +4% | +$1.15M |
|
730
VanEck IG Floating Rate ETF
FLTR
$2.94B
| $28.3M | 0.02% |
1,126,045
+152,223
| +16% | +$3.83M |
|
731
Rockwell Automation
ROK
$53.4B
| $28.3M | 0.02% |
91,035
-865
| -0.9% | -$242K |
|
732
Corning
GLW
$119B
| $28.3M | 0.02% |
927,853
+44,857
| +5% | +$1.28M |
|
|
IBTF
733
DELISTED
iShares iBonds Dec 2025 Term Treasury ETF
IBTF
| $28.2M | 0.02% |
1,211,296
+606,536
| +100% | +$14M |
|
734
Columbia Research Enhanced Core ETF
RECS
$5.85B
| $28M | 0.02% |
1,010,749
+135,787
| +16% | +$3.55M |
|
735
Schwab US TIPS ETF
SCHP
$16.3B
| $28M | 0.02% |
1,071,796
+8,882
| +0.8% | +$226K |
|
736
Cambria Shareholder Yield ETF
SYLD
$987M
| $27.7M | 0.02% |
410,483
-58,561
| -12% | -$3.65M |
|
737
Tractor Supply
TSCO
$16.1B
| $27.6M | 0.02% |
640,880
+71,515
| +13% | +$2.92M |
|
738
US Treasury 12 Month Bill ETF
OBIL
$306M
| $27.4M | 0.02% |
549,306
+333,392
| +154% | +$16.6M |
|
739
Constellation Brands
STZ
$22.2B
| $27.4M | 0.02% |
113,309
-21,236
| -16% | -$5.05M |
|
740
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.78B
| $27.3M | 0.02% |
172,974
-10,677
| -6% | -$1.53M |
|
741
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.68B
| $27.3M | 0.02% |
595,074
+118,158
| +25% | +$5.18M |
|
742
AstraZeneca
AZN
$263B
| $27.3M | 0.02% |
202,437
+38,208
| +23% | +$4.97M |
|
743
VanEck High Yield Muni ETF
HYD
$4.43B
| $27.1M | 0.02% |
525,588
+36,692
| +8% | +$1.82M |
|
744
Invesco RAFI Strategic US ETF
IUS
$916M
| $27.1M | 0.02% |
625,715
+87,723
| +16% | +$3.58M |
|
745
Alibaba
BABA
$293B
| $27.1M | 0.02% |
349,489
+35,650
| +11% | +$2.84M |
|
746
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
$603M
| $27M | 0.02% |
639,395
-105,327
| -14% | -$4M |
|
747
Vanguard Russell 1000 ETF
VONE
$8.27B
| $26.7M | 0.02% |
123,170
-491
| -0.4% | -$99.5K |
|
748
Invesco Dorsey Wright Technology Momentum ETF
PTF
$593M
| $26.7M | 0.02% |
528,539
+52,123
| +11% | +$2.4M |
|
749
Direxion NASDAQ-100 Equal Weighted Index ETF
QQQE
$1.33B
| $26.7M | 0.02% |
315,290
+111,715
| +55% | +$8.65M |
|
750
Consolidated Edison
ED
$40.1B
| $26.6M | 0.02% |
292,231
-1,789
| -0.6% | -$160K |
|
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.