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 | |
|---|---|---|---|---|---|---|
751
Invesco S&P 500 High Beta ETF
SPHB
$971M
| $26.5M | 0.02% |
321,512
-120,939
| -27% | -$8.72M |
|
752
iShares Morningstar Value ETF
ILCV
$1.32B
| $26.4M | 0.02% |
373,349
-66,962
| -15% | -$4.43M |
|
753
Invesco S&P Emerging Markets Low Volatility ETF
EELV
$436M
| $26.3M | 0.02% |
1,094,963
+18,026
| +2% | +$413K |
|
754
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
| $26.3M | 0.02% |
1,274,653
+745,007
| +141% | +$14.1M |
|
755
Pultegroup
PHM
$24.1B
| $26.3M | 0.02% |
254,345
+15,316
| +6% | +$1.3M |
|
756
ARK Web x.0 ETF
ARKW
$1.63B
| $26.2M | 0.02% |
345,456
+85,310
| +33% | +$5.31M |
|
757
Motorola Solutions
MSI
$72.3B
| $26.1M | 0.02% |
83,489
+2,978
| +4% | +$901K |
|
758
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.26B
| $25.9M | 0.02% |
492,304
-186,581
| -27% | -$9.34M |
|
759
Strategy Inc
MSTR
$34.1B
| $25.8M | 0.02% |
409,020
+130,570
| +47% | +$6.19M |
|
760
iShares MSCI Taiwan ETF
EWT
$9.86B
| $25.8M | 0.02% |
560,261
+344,349
| +159% | +$16M |
|
761
Canadian Imperial Bank of Commerce
CM
$108B
| $25.8M | 0.02% |
535,088
-5,355
| -1% | -$214K |
|
762
Roper Technologies
ROP
$38.8B
| $25.8M | 0.02% |
47,247
+4,551
| +11% | +$2.34M |
|
763
Yum! Brands
YUM
$42.2B
| $25.7M | 0.02% |
196,627
+8,555
| +5% | +$1.07M |
|
764
Toews Agility Shares Managed Risk ETF
MRSK
$315M
| $25.7M | 0.02% |
888,503
+138,662
| +18% | +$3.88M |
|
765
iShares US Real Estate ETF
IYR
$4.66B
| $25.7M | 0.02% |
280,791
-1,337
| -0.5% | -$109K |
|
766
First Trust Nasdaq Oil & Gas ETF
FTXN
$167M
| $25.6M | 0.02% |
905,803
-40,807
| -4% | -$1.18M |
|
767
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$748M
| $25.6M | 0.02% |
555,537
+23,289
| +4% | +$1.01M |
|
768
Microchip Technology
MCHP
$40.3B
| $25.5M | 0.02% |
283,235
+44,245
| +19% | +$3.6M |
|
769
Rio Tinto
RIO
$158B
| $25.5M | 0.02% |
342,756
-27,175
| -7% | -$1.82M |
|
770
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
$1.81B
| $25.5M | 0.02% |
815,841
+206,582
| +34% | +$6.16M |
|
771
Horizon Kinetics Inflation Beneficiaries ETF
INFL
$1.51B
| $25.5M | 0.02% |
808,898
-179,083
| -18% | -$5.47M |
|
772
iShares Investment Grade Systematic Bond ETF
IGEB
$1.45B
| $25.4M | 0.02% |
561,406
+518,552
| +1,210% | +$22.3M |
|
773
ARK Blockchain & Fintech Innovation ETF
ARKF
$722M
| $25.4M | 0.02% |
919,815
-16,086
| -2% | -$354K |
|
774
Blue Owl Capital
OBDC
$5.34B
| $25.3M | 0.02% |
1,716,696
+10,010
| +0.6% | +$142K |
|
775
Invesco S&P Ultra Dividend Revenue ETF
RDIV
$1.38B
| $25.3M | 0.02% |
579,411
+6,470
| +1% | +$251K |
|
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.