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 | |
|---|---|---|---|---|---|---|
176
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $171M | 0.1% |
1,640,404
+40,060
| +3% | +$3.8M |
|
177
First Trust Preferred Securities and Income ETF
FPE
$6.33B
| $171M | 0.1% |
10,139,362
-604,245
| -6% | -$9.75M |
|
178
Philip Morris
PM
$312B
| $171M | 0.1% |
1,815,644
+161,193
| +10% | +$14.9M |
|
179
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.91B
| $171M | 0.1% |
5,225,948
+109,017
| +2% | +$3.34M |
|
180
Vanguard Health Care ETF
VHT
$18.6B
| $169M | 0.1% |
673,909
+24,414
| +4% | +$5.78M |
|
181
Capital Group Growth ETF
CGGR
$23.7B
| $168M | 0.1% |
5,950,900
+1,470,436
| +33% | +$38M |
|
182
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $165M | 0.1% |
1,496,926
+57,319
| +4% | +$6.32M |
|
183
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.08B
| $161M | 0.1% |
1,920,672
+147,758
| +8% | +$11.1M |
|
184
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $157M | 0.09% |
1,570,498
+174,869
| +13% | +$17.5M |
|
185
Lowe's Companies
LOW
$122B
| $156M | 0.09% |
702,340
+36,293
| +5% | +$7.36M |
|
186
RTX Corp
RTX
$295B
| $155M | 0.09% |
1,846,598
+42,932
| +2% | +$3.4M |
|
187
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $152M | 0.09% |
3,010,126
-109,919
| -4% | -$5.57M |
|
188
Amplify CWP Enhanced Dividend Income ETF
DIVO
$7.55B
| $152M | 0.09% |
4,165,464
+53,325
| +1% | +$1.88M |
|
189
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $152M | 0.09% |
5,096,641
+541,709
| +12% | +$15.9M |
|
190
Duke Energy
DUK
$101B
| $152M | 0.09% |
1,561,954
+68,873
| +5% | +$6.26M |
|
191
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.99B
| $150M | 0.09% |
8,654,352
-471,011
| -5% | -$8.03M |
|
192
State Street US Sector Rotation ETF
XLSR
$1B
| $149M | 0.09% |
3,259,642
+1,072,431
| +49% | +$46M |
|
193
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.89B
| $148M | 0.09% |
1,497,071
+198,668
| +15% | +$19.7M |
|
194
Qualcomm
QCOM
$172B
| $148M | 0.09% |
1,025,194
+29,301
| +3% | +$3.63M |
|
195
Vanguard Total International Stock ETF
VXUS
$153B
| $148M | 0.09% |
2,553,653
+19,919
| +0.8% | +$1.09M |
|
196
First Trust Smith Unconstrained Bond ETF
UCON
$3.27B
| $148M | 0.09% |
5,978,441
+308,074
| +5% | +$7.42M |
|
197
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $147M | 0.09% |
608,566
-3,287
| -0.5% | -$714K |
|
198
Vanguard Large-Cap ETF
VV
$52B
| $146M | 0.09% |
671,054
+47,363
| +8% | +$9.68M |
|
199
Southern Company
SO
$109B
| $146M | 0.09% |
2,085,459
+56,920
| +3% | +$3.91M |
|
200
Walt Disney
DIS
$172B
| $146M | 0.09% |
1,615,142
+34,108
| +2% | +$3.01M |
|
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.