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 | |
|---|---|---|---|---|---|---|
1526
Keurig Dr Pepper
KDP
$42.3B
| $6.45M | ﹤0.01% |
193,654
-32,556
| -14% | -$1.01M |
|
1527
Sea Limited
SE
$65.4B
| $6.45M | ﹤0.01% |
159,215
+55,715
| +54% | +$2.27M |
|
1528
VF Corp
VFC
$5.63B
| $6.44M | ﹤0.01% |
342,585
+1,084
| +0.3% | +$18.6K |
|
1529
Paycom
PAYC
$7.64B
| $6.42M | ﹤0.01% |
31,053
+1,511
| +5% | +$319K |
|
1530
First Trust Dividend Strength ETF
FTDS
$38.7M
| $6.38M | ﹤0.01% |
137,350
+2,385
| +2% | +$103K |
|
1531
Spotify
SPOT
$103B
| $6.36M | ﹤0.01% |
33,830
+5,213
| +18% | +$910K |
|
1532
Watsco Inc
WSO
$12.7B
| $6.36M | ﹤0.01% |
14,832
-16
| -0.1% | -$6.2K |
|
1533
Lamar Advertising Co
LAMR
$16.2B
| $6.35M | ﹤0.01% |
59,761
-834
| -1% | -$78.4K |
|
1534
Ares Management
ARES
$28.9B
| $6.35M | ﹤0.01% |
53,358
+4,644
| +10% | +$504K |
|
1535
Invesco BulletShares 2026 Municipal Bond ETF
BSMQ
$271M
| $6.32M | ﹤0.01% |
266,187
-68,545
| -20% | -$1.6M |
|
1536
iShares MSCI Chile ETF
ECH
$1.01B
| $6.32M | ﹤0.01% |
223,896
+216,055
| +2,755% | +$5.61M |
|
|
GRMN
1537
Garmin
GRMN
$56.7B
| $6.3M | ﹤0.01% |
49,026
+9,482
| +24% | +$1.1M |
|
1538
State Street SPDR US Small Cap Low Volatility Index ETF
SMLV
$258M
| $6.29M | ﹤0.01% |
55,872
-8,364
| -13% | -$853K |
|
1539
FMC
FMC
$1.34B
| $6.27M | ﹤0.01% |
99,507
-9,302
| -9% | -$539K |
|
1540
Davis Select Financial ETF
DFNL
$460M
| $6.27M | ﹤0.01% |
207,264
-13,059
| -6% | -$363K |
|
1541
State Street SPDR S&P Global Dividend ETF
WDIV
$277M
| $6.27M | ﹤0.01% |
103,672
+18,853
| +22% | +$1.06M |
|
|
EXAS
1542
DELISTED
Exact Sciences
EXAS
| $6.27M | ﹤0.01% |
84,724
+4,548
| +6% | +$298K |
|
1543
Prospect Capital
PSEC
$1.07B
| $6.26M | ﹤0.01% |
1,045,257
+145,732
| +16% | +$839K |
|
1544
United Airlines
UAL
$39.4B
| $6.26M | ﹤0.01% |
151,747
-14,074
| -8% | -$553K |
|
|
CSA
1545
DELISTED
VictoryShares US Small Cap Volatility Wtd ETF
CSA
| $6.25M | ﹤0.01% |
93,614
-6,057
| -6% | -$363K |
|
1546
Innovator US Equity Power Buffer ETF October
POCT
$963M
| $6.25M | ﹤0.01% |
173,088
+76,050
| +78% | +$2.65M |
|
1547
Franklin US Small Cap Multifactor Index ETF
FLQS
$51.8M
| $6.25M | ﹤0.01% |
160,632
+27,079
| +20% | +$954K |
|
1548
CF Industries
CF
$19.2B
| $6.24M | ﹤0.01% |
78,548
+6,777
| +9% | +$539K |
|
1549
Davis Select US Equity ETF
DUSA
$1.27B
| $6.24M | ﹤0.01% |
176,864
+2,537
| +1% | +$83.8K |
|
1550
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$274M
| $6.23M | ﹤0.01% |
301,056
+36,240
| +14% | +$750K |
|
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.