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 | |
|---|---|---|---|---|---|---|
1376
Schwab US REIT ETF
SCHH
$11.5B
| $8.07M | ﹤0.01% |
389,489
-10,908
| -3% | -$203K |
|
1377
Centene
CNC
$30.7B
| $8.05M | ﹤0.01% |
108,470
-25,709
| -19% | -$1.85M |
|
1378
Bio-Rad Laboratories Class A
BIO
$8.71B
| $8.05M | ﹤0.01% |
24,917
-7,420
| -23% | -$2.33M |
|
1379
State Street SPDR S&P Health Care Equipment ETF
XHE
$161M
| $8.04M | ﹤0.01% |
95,405
-19,247
| -17% | -$1.44M |
|
1380
Cambria Emerging Shareholder Yield ETF
EYLD
$838M
| $8.03M | ﹤0.01% |
256,071
+26,755
| +12% | +$781K |
|
1381
Dimensional US Core Equity Market ETF
DFAU
$12.4B
| $7.99M | ﹤0.01% |
240,416
-4,344
| -2% | -$135K |
|
1382
WisdomTree Dynamic International SmallCap Equity Fund
DDLS
$432M
| $7.99M | ﹤0.01% |
241,479
+129,384
| +115% | +$4M |
|
1383
Fidelity National Financial
FNF
$13.9B
| $7.98M | ﹤0.01% |
156,503
+19,773
| +14% | +$861K |
|
1384
BlackRock Floating Rate Income Strategies Fund
FRA
$383M
| $7.97M | ﹤0.01% |
629,308
-23,634
| -4% | -$287K |
|
1385
Invesco Food & Beverage ETF
PBJ
$108M
| $7.94M | ﹤0.01% |
173,176
-84,229
| -33% | -$3.63M |
|
1386
Hubbell
HUBB
$25B
| $7.93M | ﹤0.01% |
24,119
-4,036
| -14% | -$1.21M |
|
1387
Ferrari
RACE
$69.2B
| $7.93M | ﹤0.01% |
23,441
+3,216
| +16% | +$1.07M |
|
1388
Defiance Quantum ETF
QTUM
$5.23B
| $7.93M | ﹤0.01% |
145,990
+7,094
| +5% | +$350K |
|
1389
TechnipFMC
FTI
$28.1B
| $7.93M | ﹤0.01% |
393,696
-18,194
| -4% | -$373K |
|
1390
Rollins
ROL
$18.3B
| $7.91M | ﹤0.01% |
181,213
+6,698
| +4% | +$261K |
|
1391
Saba Closed-End Funds ETF
CEFS
$425M
| $7.91M | ﹤0.01% |
416,934
+84,609
| +25% | +$1.52M |
|
1392
Academy Sports + Outdoors
ASO
$2.94B
| $7.9M | ﹤0.01% |
119,717
+32,056
| +37% | +$1.63M |
|
1393
CenterPoint Energy
CNP
$27.7B
| $7.87M | ﹤0.01% |
275,568
+109,886
| +66% | +$3.05M |
|
1394
Lennox International
LII
$14.4B
| $7.87M | ﹤0.01% |
17,590
+4,549
| +35% | +$1.81M |
|
1395
iShares US Equity Factor ETF
LRGF
$3.58B
| $7.87M | ﹤0.01% |
162,927
+10,483
| +7% | +$472K |
|
1396
Wheaton Precious Metals
WPM
$49.5B
| $7.85M | ﹤0.01% |
159,188
-15,327
| -9% | -$693K |
|
1397
Vanguard S&P Mid-Cap 400 Value ETF
IVOV
$1.34B
| $7.85M | ﹤0.01% |
90,041
-1,537
| -2% | -$122K |
|
1398
Reaves Utility Income Fund
UTG
$3.54B
| $7.85M | ﹤0.01% |
293,535
+55,965
| +24% | +$1.43M |
|
1399
Janus Henderson Small Cap Growth Alpha ETF
JSML
$361M
| $7.84M | ﹤0.01% |
132,799
+21,757
| +20% | +$1.14M |
|
1400
AB InBev
BUD
$170B
| $7.82M | ﹤0.01% |
120,978
-15,162
| -11% | -$896K |
|
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.