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 | |
|---|---|---|---|---|---|---|
1426
eBay
EBAY
$50.6B
| $7.59M | ﹤0.01% |
174,052
+5,121
| +3% | +$212K |
|
1427
Ameren
AEE
$30.3B
| $7.57M | ﹤0.01% |
104,649
+23,311
| +29% | +$1.77M |
|
|
TPHE
1428
DELISTED
Timothy Plan High Dividend Stock Enhanced ETF
TPHE
| $7.53M | ﹤0.01% |
332,963
+11,387
| +4% | +$250K |
|
1429
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $7.52M | ﹤0.01% |
150,421
+38,890
| +35% | +$1.94M |
|
1430
Cooper Companies
COO
$14.1B
| $7.49M | ﹤0.01% |
79,204
+12,948
| +20% | +$1.09M |
|
1431
iShares ESG Aware MSCI USA Small-Cap ETF
ESML
$2.82B
| $7.48M | ﹤0.01% |
196,771
-67,442
| -26% | -$2.3M |
|
1432
Dynatrace
DT
$12.9B
| $7.47M | ﹤0.01% |
136,606
+33,618
| +33% | +$1.7M |
|
1433
Williams-Sonoma
WSM
$26.9B
| $7.47M | ﹤0.01% |
74,034
-9,972
| -12% | -$863K |
|
1434
WisdomTree US Quality Growth Fund
QGRW
$2.74B
| $7.45M | ﹤0.01% |
203,717
+165,001
| +426% | +$5.59M |
|
1435
iShares MSCI Emerging Markets Asia ETF
EEMA
$833M
| $7.45M | ﹤0.01% |
112,680
+103,470
| +1,123% | +$6.6M |
|
1436
Jack Henry & Associates
JKHY
$10.9B
| $7.44M | ﹤0.01% |
45,507
+4,361
| +11% | +$668K |
|
|
K
1437
DELISTED
Kellanova
K
| $7.43M | ﹤0.01% |
132,937
-26,298
| -17% | -$1.37M |
|
1438
Schwab International Small-Cap Equity ETF
SCHC
$5.39B
| $7.41M | ﹤0.01% |
212,276
+30,776
| +17% | +$999K |
|
1439
Invesco AI and Next Gen Software ETF
IGPT
$1.15B
| $7.4M | ﹤0.01% |
191,675
+11,430
| +6% | +$398K |
|
1440
Fortive
FTV
$17.9B
| $7.39M | ﹤0.01% |
133,192
+3,403
| +3% | +$179K |
|
1441
iShares MSCI USA Small-Cap Min Vol Factor ETF
SMMV
$289M
| $7.39M | ﹤0.01% |
207,047
+15,108
| +8% | +$512K |
|
1442
Cambria Global Asset Allocation ETF
GAA
$72.1M
| $7.35M | ﹤0.01% |
263,646
+1,903
| +0.7% | +$50.7K |
|
1443
WisdomTree Global High Dividend Fund
DEW
$148M
| $7.35M | ﹤0.01% |
150,498
-54,136
| -26% | -$2.49M |
|
|
MRO
1444
DELISTED
Marathon Oil Corporation
MRO
| $7.3M | ﹤0.01% |
302,051
-22,803
| -7% | -$587K |
|
1445
Invesco Senior Income Trust
VVR
$457M
| $7.29M | ﹤0.01% |
1,778,705
+53,387
| +3% | +$213K |
|
1446
Cambria Tail Risk ETF
TAIL
$147M
| $7.28M | ﹤0.01% |
568,678
-76,918
| -12% | -$985K |
|
1447
HP
HPQ
$24.9B
| $7.28M | ﹤0.01% |
242,042
+34,566
| +17% | +$968K |
|
1448
Align Technology
ALGN
$12.1B
| $7.28M | ﹤0.01% |
26,553
+294
| +1% | +$69.7K |
|
1449
BlackRock Enhanced Captial and Income Fund
CII
$988M
| $7.26M | ﹤0.01% |
382,087
+82,093
| +27% | +$1.49M |
|
1450
SGI Dynamic Tactical ETF
DYTA
$104M
| $7.23M | ﹤0.01% |
267,278
+146,513
| +121% | +$3.75M |
|
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.