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 | |
|---|---|---|---|---|---|---|
1676
Azenta
AZTA
$1.3B
| $5.05M | ﹤0.01% |
77,500
+6,028
| +8% | +$327K |
|
1677
iShares Emerging Markets Dividend ETF
DVYE
$1.22B
| $5.04M | ﹤0.01% |
190,346
+4,197
| +2% | +$104K |
|
1678
iShares iBonds Dec 2028 Term Treasury ETF
IBTI
$1.88B
| $5.04M | ﹤0.01% |
226,834
+206,578
| +1,020% | +$4.48M |
|
1679
First Trust SSI Strategic Convertible Securities ETF
FCVT
$113M
| $5.03M | ﹤0.01% |
150,981
-6,306
| -4% | -$197K |
|
1680
PIMCO Ultra Short Government Active ETF
BILZ
$1B
| $5.03M | ﹤0.01% |
+49,986
| New | +$5.03M |
|
1681
BlackRock Debt Strategies Fund
DSU
$593M
| $5.03M | ﹤0.01% |
466,107
+86,022
| +23% | +$885K |
|
1682
CRH
CRH
$63.2B
| $5.02M | ﹤0.01% |
72,611
+4,506
| +7% | +$272K |
|
1683
InterContinental Hotels
IHG
$23.9B
| $5.02M | ﹤0.01% |
55,046
-9,500
| -15% | -$749K |
|
1684
Nuveen ESG US Aggregate Bond ETF
NUBD
$463M
| $5.02M | ﹤0.01% |
225,390
-25,672
| -10% | -$548K |
|
1685
Mid-America Apartment Communities
MAA
$15.4B
| $5M | ﹤0.01% |
37,186
+114
| +0.3% | +$14.5K |
|
1686
Charter Communications
CHTR
$17.3B
| $5M | ﹤0.01% |
12,863
+820
| +7% | +$334K |
|
1687
Invesco Active US Real Estate Fund
PSR
$59.4M
| $5M | ﹤0.01% |
54,609
-11,656
| -18% | -$963K |
|
1688
Dimensional US Real Estate ETF
DFAR
$1.78B
| $4.99M | ﹤0.01% |
219,583
+71,955
| +49% | +$1.47M |
|
1689
Nuveen Quality Municipal Income Fund
NAD
$2.74B
| $4.99M | ﹤0.01% |
435,952
+80,470
| +23% | +$849K |
|
1690
Trex
TREX
$4.51B
| $4.98M | ﹤0.01% |
60,188
+12,646
| +27% | +$839K |
|
1691
RELX
RELX
$61.8B
| $4.96M | ﹤0.01% |
125,161
+15,382
| +14% | +$566K |
|
1692
Franklin International Aggregate Bond ETF
FLIA
$765M
| $4.95M | ﹤0.01% |
242,976
+8,953
| +4% | +$177K |
|
1693
Cornerstone Strategic Value Fund
CLM
$2.22B
| $4.95M | ﹤0.01% |
699,705
+60,742
| +10% | +$433K |
|
1694
Dick's Sporting Goods
DKS
$17.5B
| $4.95M | ﹤0.01% |
33,660
+2,057
| +7% | +$250K |
|
1695
Petrobras
PBR
$125B
| $4.91M | ﹤0.01% |
307,700
+85,580
| +39% | +$1.31M |
|
|
AZPN
1696
DELISTED
Aspen Technology Inc
AZPN
| $4.9M | ﹤0.01% |
22,245
+2,857
| +15% | +$550K |
|
|
EXE
1697
Expand Energy Corp
EXE
$21.8B
| $4.89M | ﹤0.01% |
63,616
-18,893
| -23% | -$1.55M |
|
1698
First Trust Japan AlphaDEX Fund
FJP
$249M
| $4.89M | ﹤0.01% |
97,082
-16,997
| -15% | -$838K |
|
1699
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $4.88M | ﹤0.01% |
92,096
-12,962
| -12% | -$633K |
|
1700
Amplify BlueStar Israel Technology ETF
ITEQ
$112M
| $4.87M | ﹤0.01% |
105,622
+225
| +0.2% | +$9.23K |
|
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.