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 | |
|---|---|---|---|---|---|---|
126
Invesco S&P MidCap Quality ETF
XMHQ
$5.47B
| $254M | 0.15% |
2,864,510
+1,094,456
| +62% | +$89.9M |
|
127
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$38.6B
| $253M | 0.15% |
5,061,250
+1,421,039
| +39% | +$68.6M |
|
128
Boeing
BA
$175B
| $252M | 0.15% |
966,079
+42,911
| +5% | +$9.18M |
|
129
iShares MSCI EAFE ETF
EFA
$76.8B
| $248M | 0.15% |
3,288,185
-104,631
| -3% | -$7.4M |
|
130
Verizon
VZ
$201B
| $247M | 0.15% |
6,564,618
+44,954
| +0.7% | +$1.59M |
|
131
iShares 7-10 Year Treasury Bond ETF
IEF
$47.4B
| $246M | 0.15% |
2,554,300
+639,072
| +33% | +$59.1M |
|
132
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $240M | 0.15% |
3,334,591
-643,577
| -16% | -$44.6M |
|
133
Adobe
ADBE
$99B
| $240M | 0.15% |
402,402
+27,131
| +7% | +$15.6M |
|
134
State Street Utilities Select Sector SPDR ETF
XLU
$23.4B
| $240M | 0.15% |
7,569,224
+325,274
| +4% | +$9.95M |
|
135
Avantis US Small Cap Value ETF
AVUV
$30.5B
| $239M | 0.14% |
2,658,226
+514,654
| +24% | +$41.2M |
|
136
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15B
| $236M | 0.14% |
2,511,396
+34,190
| +1% | +$3M |
|
137
Caterpillar
CAT
$387B
| $232M | 0.14% |
785,746
+25,380
| +3% | +$6.58M |
|
138
Lockheed Martin
LMT
$134B
| $232M | 0.14% |
511,693
+31,895
| +7% | +$14.1M |
|
139
iShares Russell Mid-Cap ETF
IWR
$56.5B
| $229M | 0.14% |
2,948,684
+199,679
| +7% | +$14.2M |
|
140
Schwab US Large-Cap Growth ETF
SCHG
$59.1B
| $227M | 0.14% |
10,933,080
+765,696
| +8% | +$14.8M |
|
141
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$794M
| $224M | 0.14% |
5,361,474
-12,388
| -0.2% | -$497K |
|
142
iShares Russell Top 200 Growth ETF
IWY
$15.6B
| $221M | 0.13% |
1,260,776
+163,458
| +15% | +$26.8M |
|
143
Vanguard Mega Cap Growth ETF
MGK
$31.8B
| $221M | 0.13% |
4,249,035
+559,740
| +15% | +$27.2M |
|
144
WisdomTree US LargeCap Dividend Fund
DLN
$6.29B
| $217M | 0.13% |
3,271,872
+266,964
| +9% | +$16.8M |
|
145
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $216M | 0.13% |
4,652,660
+236,538
| +5% | +$10.5M |
|
146
Amgen
AMGN
$212B
| $214M | 0.13% |
742,912
-13,297
| -2% | -$3.62M |
|
147
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $213M | 0.13% |
4,132,957
-104,829
| -2% | -$4.84M |
|
148
Salesforce
CRM
$149B
| $212M | 0.13% |
805,453
+49,617
| +7% | +$11.2M |
|
149
John Hancock Multifactor Mid Cap ETF
JHMM
$5.96B
| $211M | 0.13% |
4,000,401
+185,130
| +5% | +$8.93M |
|
150
Invesco S&P 500 Revenue ETF
RWL
$9.67B
| $210M | 0.13% |
2,462,684
+736,676
| +43% | +$59.1M |
|
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.