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 | |
|---|---|---|---|---|---|---|
1876
Nuveen Global High Income Fund
JGH
$352M
| $3.8M | ﹤0.01% |
311,230
+3,924
| +1% | +$44.1K |
|
1877
Independence Realty Trust
IRT
$3.92B
| $3.79M | ﹤0.01% |
248,023
+30,544
| +14% | +$423K |
|
1878
STAG Industrial
STAG
$7.38B
| $3.79M | ﹤0.01% |
96,558
-1,819
| -2% | -$64.6K |
|
1879
Fidelity Enhanced Large Cap Core ETF
FELC
$7.98B
| $3.79M | ﹤0.01% |
+142,604
| New | +$3.68M |
|
1880
Invesco MSCI Sustainable Future ETF
ERTH
$133M
| $3.79M | ﹤0.01% |
80,242
-34,713
| -30% | -$1.48M |
|
1881
Amplify Mobile Payments ETF
IPAY
$170M
| $3.78M | ﹤0.01% |
81,550
-1,663
| -2% | -$67.8K |
|
1882
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
| $3.78M | ﹤0.01% |
181,925
-16,505
| -8% | -$332K |
|
1883
Gladstone Capital
GLAD
$422M
| $3.77M | ﹤0.01% |
176,331
-5,345
| -3% | -$107K |
|
|
LEAD
1884
DELISTED
Siren DIVCON Leaders Dividend ETF
LEAD
| $3.76M | ﹤0.01% |
61,847
-5,361
| -8% | -$305K |
|
1885
Dimensional US High Profitability ETF
DUHP
$12.2B
| $3.76M | ﹤0.01% |
131,356
+13,841
| +12% | +$370K |
|
1886
Matador Resources
MTDR
$6.2B
| $3.75M | ﹤0.01% |
65,917
+6,158
| +10% | +$360K |
|
1887
Thomson Reuters
TRI
$42.8B
| $3.74M | ﹤0.01% |
25,179
+1,332
| +6% | +$180K |
|
1888
Hess Midstream
HESM
$5.24B
| $3.74M | ﹤0.01% |
118,097
-2,613
| -2% | -$80K |
|
1889
Coca-Cola Consolidated
COKE
$12.5B
| $3.73M | ﹤0.01% |
40,120
-890
| -2% | -$64.4K |
|
1890
AptarGroup
ATR
$8.55B
| $3.72M | ﹤0.01% |
30,059
+394
| +1% | +$49.5K |
|
1891
Pinnacle West Capital
PNW
$12.2B
| $3.72M | ﹤0.01% |
51,716
-10,390
| -17% | -$763K |
|
1892
NetApp
NTAP
$35B
| $3.71M | ﹤0.01% |
42,090
+64
| +0.2% | +$5.15K |
|
1893
Logitech
LOGI
$14.7B
| $3.7M | ﹤0.01% |
38,955
+12,970
| +50% | +$1.06M |
|
1894
Sterling Infrastructure
STRL
$18.3B
| $3.7M | ﹤0.01% |
42,107
+18,132
| +76% | +$1.31M |
|
1895
Amplify Junior Silver Miners ETF
SILJ
$3.18B
| $3.7M | ﹤0.01% |
370,202
+50,265
| +16% | +$453K |
|
1896
CBRE Group
CBRE
$42.5B
| $3.69M | ﹤0.01% |
39,655
+3,070
| +8% | +$239K |
|
1897
Collegium Pharmaceutical
COLL
$1.15B
| $3.69M | ﹤0.01% |
119,878
-9,431
| -7% | -$236K |
|
1898
Equity Residential
EQR
$24.9B
| $3.69M | ﹤0.01% |
60,310
-1,613
| -3% | -$93.3K |
|
1899
Affirm
AFRM
$23.9B
| $3.69M | ﹤0.01% |
75,021
+9,778
| +15% | +$283K |
|
1900
Global X Adaptive US Risk Management ETF
ONOF
$138M
| $3.68M | ﹤0.01% |
124,281
+11
| +0% | +$315 |
|
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.