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 | |
|---|---|---|---|---|---|---|
2026
American Century Multisector Income ETF
MUSI
$244M
| $3.22M | ﹤0.01% |
73,938
-90,673
| -55% | -$3.82M |
|
2027
PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
PRFD
$236M
| $3.22M | ﹤0.01% |
+66,649
| New | +$3.06M |
|
2028
NetEase
NTES
$84.5B
| $3.21M | ﹤0.01% |
34,440
+1,215
| +4% | +$129K |
|
2029
iShares Core MSCI Pacific ETF
IPAC
$2.66B
| $3.21M | ﹤0.01% |
53,911
+8,880
| +20% | +$501K |
|
2030
WBI Power Factor High Dividend ETF
WBIY
$63.4M
| $3.21M | ﹤0.01% |
111,611
-7,696
| -6% | -$201K |
|
2031
Alnylam Pharmaceuticals
ALNY
$28.9B
| $3.2M | ﹤0.01% |
16,721
+951
| +6% | +$162K |
|
2032
IQ Candriam US Large Cap Equity ETF
IQSU
$334M
| $3.2M | ﹤0.01% |
76,186
+22,829
| +43% | +$895K |
|
2033
FlexShares US Quality Low Volatility Index Fund
QLV
$165M
| $3.19M | ﹤0.01% |
56,831
+27,857
| +96% | +$1.5M |
|
2034
Invesco DB Base Metals Fund
DBB
$311M
| $3.19M | ﹤0.01% |
174,347
-12,446
| -7% | -$229K |
|
2035
Robert Half
RHI
$4.01B
| $3.18M | ﹤0.01% |
36,157
+1,665
| +5% | +$132K |
|
2036
QuantumScape Corp
QS
$3.33B
| $3.18M | ﹤0.01% |
457,177
-7,265
| -2% | -$45.8K |
|
2037
First Trust Exchange-Traded Fund VI First Trust S&P 500 Diversified Dividend Aristocrats ETF
KNGZ
$63.6M
| $3.18M | ﹤0.01% |
106,795
-238,735
| -69% | -$6.65M |
|
|
FLG
2038
Flagstar Bank National Association
FLG
$5.95B
| $3.17M | ﹤0.01% |
103,335
-18,608
| -15% | -$558K |
|
2039
GXO Logistics
GXO
$5.73B
| $3.16M | ﹤0.01% |
51,612
+1,279
| +3% | +$71.7K |
|
|
FEI
2040
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
| $3.16M | ﹤0.01% |
368,266
+162,084
| +79% | +$1.35M |
|
2041
NEOS Enhanced Income 1-3 Month T-Bill ETF
CSHI
$1.54B
| $3.15M | ﹤0.01% |
+63,133
| New | +$3.16M |
|
2042
Chord Energy
CHRD
$7.86B
| $3.15M | ﹤0.01% |
18,920
+3,488
| +23% | +$570K |
|
2043
Antero Resources
AR
$11.1B
| $3.14M | ﹤0.01% |
138,657
+126,104
| +1,005% | +$3.2M |
|
2044
Repligen
RGEN
$8.24B
| $3.14M | ﹤0.01% |
17,478
-60
| -0.3% | -$9.34K |
|
2045
Cheniere Energy
CQP
$32.3B
| $3.14M | ﹤0.01% |
63,086
-1,984
| -3% | -$111K |
|
2046
Ollie's Bargain Outlet
OLLI
$4.5B
| $3.13M | ﹤0.01% |
41,261
-2,299
| -5% | -$173K |
|
2047
Gen Digital
GEN
$16.8B
| $3.13M | ﹤0.01% |
137,148
+48,178
| +54% | +$954K |
|
2048
Comfort Systems
FIX
$61.8B
| $3.12M | ﹤0.01% |
15,161
-3,635
| -19% | -$672K |
|
2049
Crown Holdings
CCK
$13B
| $3.12M | ﹤0.01% |
33,856
+4,371
| +15% | +$371K |
|
2050
Coherent
COHR
$56.4B
| $3.12M | ﹤0.01% |
71,597
+7,756
| +12% | +$280K |
|
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.