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 | |
|---|---|---|---|---|---|---|
1176
Franklin US Treasury Bond ETF
FLGV
$1.03B
| $11.2M | 0.01% |
538,935
+489,769
| +996% | +$9.87M |
|
1177
Cincinnati Financial
CINF
$27.3B
| $11.2M | 0.01% |
108,392
+19,454
| +22% | +$1.97M |
|
1178
iShares MSCI Thailand ETF
THD
$369M
| $11.2M | 0.01% |
175,284
+166,539
| +1,904% | +$10.3M |
|
1179
Global X SuperDividend ETF
SDIV
$1.22B
| $11.2M | 0.01% |
495,298
-33,984
| -6% | -$727K |
|
1180
Otis Worldwide
OTIS
$27.4B
| $11.1M | 0.01% |
124,552
+7,460
| +6% | +$620K |
|
1181
Enphase Energy
ENPH
$4.96B
| $11.1M | 0.01% |
84,295
-7,694
| -8% | -$816K |
|
1182
Gabelli Equity Trust
GAB
$1.75B
| $11.1M | 0.01% |
2,191,771
+159,476
| +8% | +$799K |
|
1183
Victory Portfolios II VictoryShares Short-Term Bond ETF
USTB
$2.29B
| $11.1M | 0.01% |
223,855
-16,185
| -7% | -$793K |
|
|
HFRO
1184
Highland Opportunities and Income Fund
HFRO
$417M
| $11.1M | 0.01% |
1,443,350
-45,223
| -3% | -$357K |
|
1185
iShares Mortgage Real Estate ETF
REM
$539M
| $11.1M | 0.01% |
470,481
-119,115
| -20% | -$2.63M |
|
1186
Albemarle
ALB
$13.9B
| $11.1M | 0.01% |
76,723
-2,006
| -3% | -$275K |
|
1187
Royal Bank of Canada
RY
$291B
| $11.1M | 0.01% |
109,587
+1,087
| +1% | +$95.8K |
|
1188
Main Street Capital
MAIN
$5.06B
| $11.1M | 0.01% |
256,269
-15,610
| -6% | -$638K |
|
1189
iShares Cybersecurity and Tech ETF
IHAK
$1B
| $11M | 0.01% |
243,149
+20,512
| +9% | +$833K |
|
1190
TransDigm Group
TDG
$70.2B
| $11M | 0.01% |
10,877
+3,010
| +38% | +$2.78M |
|
1191
Invesco NASDAQ Next Gen 100 ETF
QQQJ
$1.12B
| $11M | 0.01% |
406,137
-60,749
| -13% | -$1.51M |
|
|
WBND
1192
DELISTED
Western Asset Total Return ETF
WBND
| $11M | 0.01% |
529,807
+38,373
| +8% | +$754K |
|
1193
iShares MSCI Italy ETF
EWI
$1.01B
| $11M | 0.01% |
322,829
+48,384
| +18% | +$1.54M |
|
|
IFLN
1194
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$308M
| $10.9M | 0.01% |
603,950
+49,884
| +9% | +$871K |
|
1195
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.42B
| $10.9M | 0.01% |
244,716
+29,241
| +14% | +$1.25M |
|
1196
First Trust Managed Futures Strategy Fund
FMF
$249M
| $10.9M | 0.01% |
236,302
-15,025
| -6% | -$717K |
|
1197
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
| $10.9M | 0.01% |
1,609,298
+1,360,880
| +548% | +$8.66M |
|
1198
Vanguard Russell 2000 Value ETF
VTWV
$1.29B
| $10.9M | 0.01% |
79,625
+946
| +1% | +$115K |
|
1199
Arbor Realty Trust
ABR
$964M
| $10.9M | 0.01% |
715,207
+97,659
| +16% | +$1.34M |
|
|
1200
iShare MSCI Eurozone ETF
EZU
$9.64B
| $10.8M | 0.01% |
228,313
-1,457,373
| -86% | -$64.1M |
|
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.