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 | |
|---|---|---|---|---|---|---|
1051
Pacer Trendpilot International ETF
PTIN
$183M
| $14M | 0.01% |
506,471
+408,678
| +418% | +$10.7M |
|
1052
Exelon
EXC
$47.2B
| $13.9M | 0.01% |
388,564
+33,727
| +10% | +$1.3M |
|
1053
Avantis Core Fixed Income ETF
AVIG
$1.94B
| $13.9M | 0.01% |
332,805
+155,552
| +88% | +$6.24M |
|
1054
Teradyne
TER
$57.6B
| $13.9M | 0.01% |
128,280
+19,922
| +18% | +$1.89M |
|
1055
Sprott Physical Gold and Silver Trust
CEF
$7.4B
| $13.8M | 0.01% |
720,971
-28,297
| -4% | -$522K |
|
1056
KeyCorp
KEY
$24.2B
| $13.7M | 0.01% |
953,629
-46,124
| -5% | -$548K |
|
1057
US Global Jets ETF
JETS
$776M
| $13.7M | 0.01% |
721,111
-509,422
| -41% | -$8.6M |
|
1058
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$429M
| $13.7M | 0.01% |
163,592
-126,437
| -44% | -$9.53M |
|
1059
Snap-on
SNA
$21.2B
| $13.7M | 0.01% |
47,419
+13,598
| +40% | +$3.67M |
|
1060
iShares Morningstar Small-Cap Growth ETF
ISCG
$970M
| $13.7M | 0.01% |
311,129
+102,007
| +49% | +$4.01M |
|
1061
Phillips Edison & Co
PECO
$5.46B
| $13.6M | 0.01% |
373,368
+25,333
| +7% | +$886K |
|
1062
Bentley Systems
BSY
$10.8B
| $13.6M | 0.01% |
260,824
+165,756
| +174% | +$8.52M |
|
1063
Globe Life
GL
$14.2B
| $13.6M | 0.01% |
111,745
+12,286
| +12% | +$1.44M |
|
1064
iShares MSCI India Small-Cap ETF
SMIN
$756M
| $13.6M | 0.01% |
194,627
+71,126
| +58% | +$4.66M |
|
|
FCT
1065
First Trust Senior Floating Rate Income Fund II
FCT
$251M
| $13.6M | 0.01% |
1,344,704
-27,075
| -2% | -$267K |
|
|
X
1066
DELISTED
US Steel
X
| $13.6M | 0.01% |
278,593
-15,327
| -5% | -$557K |
|
1067
Deckers Outdoor
DECK
$13.2B
| $13.5M | 0.01% |
121,464
+10,032
| +9% | +$1.02M |
|
1068
First Trust Small Cap Value AlphaDEX Fund
FYT
$191M
| $13.5M | 0.01% |
248,284
-7,785
| -3% | -$376K |
|
1069
Avantis International Small Cap Value ETF
AVDV
$19B
| $13.5M | 0.01% |
215,952
-72,690
| -25% | -$4.23M |
|
1070
Capital Group Short Duration Income ETF
CGSD
$2.38B
| $13.5M | 0.01% |
529,589
+230,423
| +77% | +$5.81M |
|
1071
Guggenheim Strategic Opportunities Fund
GOF
$2.23B
| $13.5M | 0.01% |
1,051,079
+85,119
| +9% | +$1.11M |
|
|
AFGR
1072
First Trust Active Factor Large Cap Growth ETF
AFGR
$93M
| $13.5M | 0.01% |
560,858
+470,434
| +520% | +$10.3M |
|
1073
First Trust Horizon Managed Volatility Domestic ETF
HUSV
$75.9M
| $13.4M | 0.01% |
400,258
-60,388
| -13% | -$1.95M |
|
1074
AGNC Investment
AGNC
$12.4B
| $13.4M | 0.01% |
1,366,740
+65,287
| +5% | +$574K |
|
1075
M&T Bank
MTB
$35.7B
| $13.3M | 0.01% |
97,205
+9,909
| +11% | +$1.25M |
|
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.