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 | |
|---|---|---|---|---|---|---|
1501
Allegion
ALLE
$13.4B
| $6.7M | ﹤0.01% |
52,872
-2,037
| -4% | -$218K |
|
1502
Viatris
VTRS
$20.4B
| $6.68M | ﹤0.01% |
616,558
-6,413
| -1% | -$61.4K |
|
1503
Blackstone Mortgage Trust
BXMT
$2.45B
| $6.67M | ﹤0.01% |
313,627
+6,671
| +2% | +$144K |
|
1504
FT Vest Growth-100 Buffer ETF June
QJUN
$649M
| $6.65M | ﹤0.01% |
276,075
+87,022
| +46% | +$1.99M |
|
1505
Invesco WilderHill Clean Energy ETF
PBW
$407M
| $6.64M | ﹤0.01% |
223,437
-18,705
| -8% | -$516K |
|
1506
Invesco Leisure and Entertainment ETF
PEJ
$259M
| $6.64M | ﹤0.01% |
158,301
-114,830
| -42% | -$4.44M |
|
1507
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
| $6.61M | ﹤0.01% |
559,009
-27,385
| -5% | -$298K |
|
1508
State Street SPDR Global Dow ETF
DGT
$615M
| $6.61M | ﹤0.01% |
55,505
-46,198
| -45% | -$5.17M |
|
1509
Invesco DB Agriculture Fund
DBA
$1.23B
| $6.59M | ﹤0.01% |
317,949
-139,830
| -31% | -$3.04M |
|
1510
Crocs
CROX
$6.14B
| $6.59M | ﹤0.01% |
70,557
+6,372
| +10% | +$588K |
|
1511
Vistra
VST
$50B
| $6.59M | ﹤0.01% |
171,033
+82,283
| +93% | +$2.86M |
|
|
AOD
1512
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
| $6.59M | ﹤0.01% |
817,245
+22,370
| +3% | +$171K |
|
1513
BlackRock Multi-Sector Income Trust
BIT
$698M
| $6.58M | ﹤0.01% |
438,564
+33,334
| +8% | +$489K |
|
1514
WisdomTree Yield Enhanced US Short-Term Aggregate Bond Fund
SHAG
$47.1M
| $6.58M | ﹤0.01% |
138,911
+46,540
| +50% | +$2.17M |
|
1515
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.22B
| $6.55M | ﹤0.01% |
152,152
-33,248
| -18% | -$1.32M |
|
1516
Rambus
RMBS
$9.87B
| $6.55M | ﹤0.01% |
95,902
-1,103
| -1% | -$68.7K |
|
1517
PIMCO Multi Sector Bond Active ETF
PYLD
$15B
| $6.54M | ﹤0.01% |
+254,812
| New | +$6.29M |
|
1518
Teledyne Technologies
TDY
$30.4B
| $6.54M | ﹤0.01% |
14,644
+2,170
| +17% | +$871K |
|
|
ETJ
1519
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$567M
| $6.51M | ﹤0.01% |
830,548
+584,234
| +237% | +$4.53M |
|
1520
Nutrien
NTR
$33.2B
| $6.51M | ﹤0.01% |
115,531
-6,042
| -5% | -$341K |
|
|
POWR
1521
iShares U.S. Power Infrastructure ETF
POWR
$441M
| $6.51M | ﹤0.01% |
269,992
-4,814
| -2% | -$119K |
|
1522
Restaurant Brands International
QSR
$25.7B
| $6.5M | ﹤0.01% |
83,198
+773
| +0.9% | +$53.8K |
|
1523
Quest Diagnostics
DGX
$25.7B
| $6.5M | ﹤0.01% |
47,111
-2,742
| -6% | -$360K |
|
1524
Targa Resources
TRGP
$58B
| $6.49M | ﹤0.01% |
74,681
+16,902
| +29% | +$1.45M |
|
1525
Roblox
RBLX
$25.4B
| $6.46M | ﹤0.01% |
141,239
+2,349
| +2% | +$86.8K |
|
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.