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 | |
|---|---|---|---|---|---|---|
1201
Dimensional National Municipal Bond ETF
DFNM
$2.23B
| $10.8M | 0.01% |
222,840
+17,318
| +8% | +$818K |
|
1202
iShares ESG Advanced Universal USD Bond ETF
EUSB
$710M
| $10.8M | 0.01% |
249,600
-11,704
| -4% | -$486K |
|
1203
Pacer Data & Infrastructure Real Estate ETF
SRVR
$372M
| $10.8M | 0.01% |
361,242
-40,241
| -10% | -$1.09M |
|
|
ARTY
1204
iShares Future AI & Tech ETF
ARTY
$3.49B
| $10.8M | 0.01% |
312,124
+45,248
| +17% | +$1.43M |
|
|
SHCO
1205
DELISTED
Soho House & Co
SHCO
| $10.8M | 0.01% |
1,511,479
+68,044
| +5% | +$479K |
|
1206
JPMorgan BetaBuilders US Small Cap Equity ETF
BBSC
$699M
| $10.7M | 0.01% |
174,411
+13,172
| +8% | +$714K |
|
1207
Sony
SONY
$137B
| $10.7M | 0.01% |
565,865
+63,985
| +13% | +$1.11M |
|
1208
Eastman Chemical
EMN
$8B
| $10.7M | 0.01% |
119,243
+3,091
| +3% | +$246K |
|
1209
CION Investment
CION
$297M
| $10.7M | 0.01% |
945,942
-3,443
| -0.4% | -$36.6K |
|
1210
Cognizant
CTSH
$24.9B
| $10.7M | 0.01% |
141,583
+15,415
| +12% | +$1.06M |
|
1211
Invesco Building & Construction ETF
PKB
$430M
| $10.7M | 0.01% |
169,358
-6,003
| -3% | -$325K |
|
1212
iShares US Regional Banks ETF
IAT
$674M
| $10.7M | 0.01% |
255,059
+35,418
| +16% | +$1.27M |
|
1213
Datadog
DDOG
$95.4B
| $10.7M | 0.01% |
87,749
-7,243
| -8% | -$746K |
|
1214
Hartford Multifactor US Equity ETF
ROUS
$696M
| $10.6M | 0.01% |
241,567
+38,044
| +19% | +$1.58M |
|
1215
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.29B
| $10.6M | 0.01% |
871,611
-25,274
| -3% | -$292K |
|
1216
VanEck Green Bond ETF
GRNB
$184M
| $10.6M | 0.01% |
444,403
+366,678
| +472% | +$8.42M |
|
1217
iShares Core Dividend ETF
DIVB
$1.69B
| $10.6M | 0.01% |
257,829
+11,089
| +4% | +$423K |
|
1218
Hilton Worldwide
HLT
$72.1B
| $10.6M | 0.01% |
58,110
+7,756
| +15% | +$1.27M |
|
1219
American Century Quality Diversified International ETF
QINT
$665M
| $10.6M | 0.01% |
227,504
+26,822
| +13% | +$1.18M |
|
1220
Franklin Income Focus ETF
INCM
$1.69B
| $10.5M | 0.01% |
409,941
+251,958
| +159% | +$6.17M |
|
1221
Franklin Senior Loan ETF
FLBL
$853M
| $10.5M | 0.01% |
432,714
+83,547
| +24% | +$2.01M |
|
1222
Eagle Materials
EXP
$6.29B
| $10.5M | 0.01% |
51,749
+38
| +0.1% | +$6.68K |
|
1223
Cleveland-Cliffs
CLF
$6.57B
| $10.5M | 0.01% |
513,947
+30,271
| +6% | +$518K |
|
1224
Cloudflare
NET
$99B
| $10.5M | 0.01% |
125,936
+11,426
| +10% | +$799K |
|
1225
Manulife Financial
MFC
$73.9B
| $10.5M | 0.01% |
473,591
-13,190
| -3% | -$253K |
|
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.