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 | |
|---|---|---|---|---|---|---|
1351
State Street SPDR S&P Kensho New Economies Composite ETF
KOMP
$2.6B
| $8.49M | 0.01% |
181,778
+1,811
| +1% | +$74.3K |
|
|
WIRE
1352
DELISTED
Encore Wire Corp
WIRE
| $8.41M | 0.01% |
39,364
+6,328
| +19% | +$1.2M |
|
1353
Macerich
MAC
$7.33B
| $8.39M | 0.01% |
543,662
+68,092
| +14% | +$811K |
|
|
EVV
1354
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $8.38M | 0.01% |
874,537
+92,800
| +12% | +$845K |
|
1355
Jackson Financial
JXN
$8.53B
| $8.37M | 0.01% |
163,526
-57,544
| -26% | -$2.53M |
|
1356
Steel Dynamics
STLD
$36B
| $8.32M | 0.01% |
70,407
-787
| -1% | -$87.7K |
|
1357
Invesco DB Oil Fund
DBO
$403M
| $8.28M | 0.01% |
595,101
+443,872
| +294% | +$7.04M |
|
1358
Atmos Energy
ATO
$28.8B
| $8.26M | 0.01% |
71,292
+1,629
| +2% | +$182K |
|
1359
Cohen & Steers Quality Income Realty Fund
RQI
$1.7B
| $8.24M | 0.01% |
673,493
+22,032
| +3% | +$234K |
|
1360
Vale
VALE
$64.1B
| $8.22M | 0.01% |
518,555
+89,033
| +21% | +$1.28M |
|
1361
Sixth Street Specialty
TSLX
$1.63B
| $8.21M | 0.01% |
380,011
+17,549
| +5% | +$361K |
|
1362
State Street
STT
$50.6B
| $8.2M | 0.01% |
105,921
+9,773
| +10% | +$681K |
|
1363
FirstEnergy
FE
$28B
| $8.2M | 0.01% |
223,727
-3,903
| -2% | -$141K |
|
1364
iShares Core MSCI Europe ETF
IEUR
$8.97B
| $8.18M | 0.01% |
148,739
+1,861
| +1% | +$95.3K |
|
1365
VanEck Uranium + Nuclear Energy ETF
NLR
$3.82B
| $8.17M | ﹤0.01% |
113,923
+39,633
| +53% | +$2.82M |
|
1366
iShares MSCI Sweden ETF
EWD
$546M
| $8.17M | ﹤0.01% |
206,962
-31,054
| -13% | -$1.09M |
|
1367
Zoom
ZM
$28.2B
| $8.16M | ﹤0.01% |
113,537
-242
| -0.2% | -$16K |
|
1368
Regency Centers
REG
$14.7B
| $8.16M | ﹤0.01% |
121,757
-49
| -0% | -$3.03K |
|
1369
First Trust Alternative Absolute Return Strategy ETF
FAAR
$192M
| $8.15M | ﹤0.01% |
297,919
-102,595
| -26% | -$2.86M |
|
1370
Invesco S&P 500 Equal Weight Financials ETF
RSPF
$306M
| $8.14M | ﹤0.01% |
138,980
-12,422
| -8% | -$661K |
|
|
QVMT
1371
Invesco S&P 500 Concentrated QVM ETF
QVMT
$130M
| $8.13M | ﹤0.01% |
183,882
+21,931
| +14% | +$898K |
|
1372
Xtrackers MSCI All World ex US Hedged Equity ETF
DBAW
$287M
| $8.1M | ﹤0.01% |
268,232
+24,706
| +10% | +$714K |
|
1373
State Street SPDR Portfolio Europe ETF
SPEU
$729M
| $8.1M | ﹤0.01% |
200,945
-180,188
| -47% | -$6.72M |
|
1374
Celsius Holdings
CELH
$7.47B
| $8.07M | ﹤0.01% |
148,058
+20,906
| +16% | +$1.12M |
|
1375
Cameco
CCJ
$37.6B
| $8.07M | ﹤0.01% |
187,195
+7,866
| +4% | +$329K |
|
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.