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 | |
|---|---|---|---|---|---|---|
2001
Teleflex
TFX
$6.24B
| $3.3M | ﹤0.01% |
13,245
+1,303
| +11% | +$279K |
|
2002
FT Energy Income Partners Strategy ETF
EIPX
$562M
| $3.3M | ﹤0.01% |
154,993
-82,743
| -35% | -$1.75M |
|
2003
Telus
TU
$14.8B
| $3.29M | ﹤0.01% |
185,135
-35,716
| -16% | -$618K |
|
2004
EXL Service
EXLS
$5.24B
| $3.29M | ﹤0.01% |
106,712
-17,501
| -14% | -$495K |
|
2005
FT Vest Growth-100 Buffer ETF March
QMAR
$570M
| $3.29M | ﹤0.01% |
128,381
+32,422
| +34% | +$804K |
|
2006
iShares Micro-Cap ETF
IWC
$1.47B
| $3.29M | ﹤0.01% |
28,347
-1,349
| -5% | -$137K |
|
2007
First Trust Nasdaq Food & Beverage ETF
FTXG
$24M
| $3.29M | ﹤0.01% |
135,568
-62,096
| -31% | -$1.44M |
|
2008
abrdn Bloomberg All Commodity Strategy K-1 Free ETF
BCI
$2.94B
| $3.29M | ﹤0.01% |
169,718
-14,528
| -8% | -$299K |
|
2009
HF Sinclair
DINO
$16.3B
| $3.28M | ﹤0.01% |
59,050
+10,608
| +22% | +$579K |
|
2010
Bio-Techne
TECH
$11.2B
| $3.28M | ﹤0.01% |
42,447
+2,035
| +5% | +$134K |
|
|
JHG
2011
DELISTED
Janus Henderson
JHG
| $3.28M | ﹤0.01% |
108,630
+4,770
| +5% | +$123K |
|
2012
EPAM Systems
EPAM
$5.5B
| $3.27M | ﹤0.01% |
10,999
-444
| -4% | -$113K |
|
2013
Black Stone Minerals
BSM
$3.16B
| $3.27M | ﹤0.01% |
204,783
+42,957
| +27% | +$739K |
|
2014
Teck Resources
TECK
$29.5B
| $3.27M | ﹤0.01% |
77,255
+69
| +0.1% | +$2.65K |
|
|
ARI
2015
Apollo Commercial Real Estate
ARI
$893M
| $3.26M | ﹤0.01% |
277,857
+1,429
| +0.5% | +$15.3K |
|
2016
Liberty Media Series C
FWONK
$24.3B
| $3.26M | ﹤0.01% |
51,632
+6,899
| +15% | +$451K |
|
2017
Fidelity Enhanced Large Cap Growth ETF
FELG
$5.57B
| $3.26M | ﹤0.01% |
+124,221
| New | +$3.19M |
|
|
SF
2018
Stifel
SF
$12.5B
| $3.26M | ﹤0.01% |
70,623
+12,796
| +22% | +$526K |
|
2019
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
$2.52B
| $3.26M | ﹤0.01% |
137,814
-27,481
| -17% | -$640K |
|
2020
First Trust Latin America AlphaDEX Fund
FLN
$37.8M
| $3.24M | ﹤0.01% |
156,004
+77,019
| +98% | +$1.45M |
|
2021
ICF International
ICFI
$1.5B
| $3.24M | ﹤0.01% |
24,166
-224
| -0.9% | -$29.4K |
|
2022
NIO
NIO
$12.1B
| $3.24M | ﹤0.01% |
356,839
-24,140
| -6% | -$192K |
|
2023
First Trust Exchange-Traded Fund VI First Trust Dorsey Wright Momentum & Dividend ETF
DDIV
$75.4M
| $3.24M | ﹤0.01% |
106,434
-6,710
| -6% | -$191K |
|
|
FFC
2024
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$779M
| $3.23M | ﹤0.01% |
232,437
-12,180
| -5% | -$160K |
|
2025
Innovator US Equity Power Buffer ETF December
PDEC
$989M
| $3.23M | ﹤0.01% |
92,024
+51,246
| +126% | +$1.71M |
|
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.