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 | |
|---|---|---|---|---|---|---|
1976
Power Integrations
POWI
$3.38B
| $3.38M | ﹤0.01% |
41,139
+1,969
| +5% | +$151K |
|
1977
Natural Resource Partners
NRP
$1.3B
| $3.37M | ﹤0.01% |
36,423
+2,945
| +9% | +$226K |
|
1978
iShares Global Materials ETF
MXI
$338M
| $3.37M | ﹤0.01% |
38,632
-547
| -1% | -$44.1K |
|
1979
Global X Variable Rate Preferred ETF
PFFV
$305M
| $3.37M | ﹤0.01% |
145,443
-89,204
| -38% | -$2.03M |
|
1980
FlexShares International Quality Dividend Dynamic Index Fund
IQDY
$110M
| $3.37M | ﹤0.01% |
120,687
-542
| -0.4% | -$14.1K |
|
1981
PIMCO Municipal Income Opportunities Active ETF
MINO
$724M
| $3.36M | ﹤0.01% |
74,015
+12,854
| +21% | +$561K |
|
1982
Campbell Soup
CPB
$6.55B
| $3.36M | ﹤0.01% |
77,708
+9,501
| +14% | +$391K |
|
1983
LKQ Corp
LKQ
$5.68B
| $3.36M | ﹤0.01% |
70,266
+2
| +0% | +$93 |
|
1984
Dorian LPG
LPG
$2.03B
| $3.36M | ﹤0.01% |
76,526
+3,419
| +5% | +$127K |
|
1985
FT Vest US Equity Deep Buffer ETF August
DAUG
$370M
| $3.35M | ﹤0.01% |
94,673
+2,109
| +2% | +$71.6K |
|
1986
Fortune Brands Innovations
FBIN
$5.88B
| $3.35M | ﹤0.01% |
44,042
-1,475
| -3% | -$97.1K |
|
1987
Nuveen Multi-Asset Income Fund
NMAI
$468M
| $3.35M | ﹤0.01% |
272,378
-76,984
| -22% | -$881K |
|
1988
Pan American Silver
PAAS
$18.2B
| $3.35M | ﹤0.01% |
205,152
-11,474
| -5% | -$172K |
|
1989
Lithia Motors
LAD
$8.47B
| $3.34M | ﹤0.01% |
10,149
-376
| -4% | -$103K |
|
1990
First Trust Horizon Managed Volatility Small/Mid ETF
HSMV
$35.2M
| $3.34M | ﹤0.01% |
104,103
-921
| -0.9% | -$27.7K |
|
1991
Live Nation Entertainment
LYV
$40.6B
| $3.34M | ﹤0.01% |
35,680
+494
| +1% | +$42.5K |
|
1992
Teradata
TDC
$2.92B
| $3.33M | ﹤0.01% |
76,635
+1,027
| +1% | +$46.2K |
|
1993
State Street Income Allocation ETF
INKM
$72M
| $3.33M | ﹤0.01% |
107,399
+68,779
| +178% | +$2.02M |
|
1994
Davis Select Worldwide ETF
DWLD
$608M
| $3.33M | ﹤0.01% |
112,526
-4,469
| -4% | -$125K |
|
1995
State Street SPDR S&P Emerging Asia Pacific ETF
GMF
$425M
| $3.33M | ﹤0.01% |
32,967
-1,541
| -4% | -$151K |
|
1996
Fluor
FLR
$7.01B
| $3.33M | ﹤0.01% |
85,027
+1,007
| +1% | +$37.2K |
|
1997
Kinross Gold
KGC
$27.4B
| $3.33M | ﹤0.01% |
549,882
+182,277
| +50% | +$996K |
|
|
GHY
1998
PGIM Global High Yield Fund
GHY
$478M
| $3.32M | ﹤0.01% |
292,501
+47,510
| +19% | +$518K |
|
1999
First Trust STOXX European Select Dividend Income Fund
FDD
$891M
| $3.32M | ﹤0.01% |
275,031
-116,908
| -30% | -$1.3M |
|
2000
WBI BullBear Yield 3000 ETF
WBIG
$30.1M
| $3.31M | ﹤0.01% |
143,317
-21,690
| -13% | -$478K |
|
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.