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 | |
|---|---|---|---|---|---|---|
2051
iShares MSCI USA Size Factor ETF
SIZE
$432M
| $3.11M | ﹤0.01% |
23,593
-692
| -3% | -$83.5K |
|
2052
Antero Midstream
AM
$10.5B
| $3.11M | ﹤0.01% |
248,257
-20,027
| -7% | -$252K |
|
2053
Invesco Municipal Trust
VKQ
$537M
| $3.11M | ﹤0.01% |
325,957
+137,827
| +73% | +$1.22M |
|
2054
WisdomTree US AI Enhanced Value Fund
AIVL
$430M
| $3.1M | ﹤0.01% |
32,320
-1,054
| -3% | -$94.8K |
|
2055
State Street SPDR S&P Telecom ETF
XTL
$581M
| $3.09M | ﹤0.01% |
38,682
-3,297
| -8% | -$233K |
|
2056
Calumet Specialty Products
CLMT
$3.83B
| $3.09M | ﹤0.01% |
172,813
+24,790
| +17% | +$402K |
|
2057
Northern Oil and Gas
NOG
$2.24B
| $3.08M | ﹤0.01% |
83,194
+5,440
| +7% | +$206K |
|
2058
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.16B
| $3.08M | ﹤0.01% |
89,704
+5,401
| +6% | +$176K |
|
2059
JD.com
JD
$44.5B
| $3.07M | ﹤0.01% |
106,291
+48,687
| +85% | +$1.32M |
|
2060
Innovator US Equity Power Buffer ETF August
PAUG
$859M
| $3.07M | ﹤0.01% |
91,981
+43,807
| +91% | +$1.4M |
|
2061
AutoNation
AN
$7.16B
| $3.07M | ﹤0.01% |
20,416
+1,460
| +8% | +$202K |
|
2062
ESAB
ESAB
$5.65B
| $3.07M | ﹤0.01% |
35,394
+1,856
| +6% | +$141K |
|
2063
BNY Mellon Core Bond ETF
BKAG
$2.22B
| $3.06M | ﹤0.01% |
72,127
+1,738
| +2% | +$70.8K |
|
2064
Wendy's
WEN
$1.43B
| $3.06M | ﹤0.01% |
157,123
+76,261
| +94% | +$1.47M |
|
2065
Willis Towers Watson
WTW
$31.6B
| $3.06M | ﹤0.01% |
12,684
-3,827
| -23% | -$885K |
|
|
WRK
2066
DELISTED
WestRock Company
WRK
| $3.06M | ﹤0.01% |
73,630
-3,319
| -4% | -$128K |
|
2067
Invesco Municipal Opportunity Trust
VMO
$651M
| $3.06M | ﹤0.01% |
318,041
+132,042
| +71% | +$1.16M |
|
2068
iShares Yield Optimized Bond ETF
BYLD
$448M
| $3.06M | ﹤0.01% |
136,218
+42,272
| +45% | +$914K |
|
2069
Murphy USA
MUSA
$11B
| $3.05M | ﹤0.01% |
8,565
-129
| -1% | -$46.7K |
|
|
LGI
2070
Lazard Global Total Return & Income Fund
LGI
$236M
| $3.05M | ﹤0.01% |
199,072
-9,375
| -4% | -$132K |
|
2071
CNX Resources
CNX
$5.31B
| $3.04M | ﹤0.01% |
152,228
+5,020
| +3% | +$107K |
|
2072
InfraCap REIT Preferred ETF
PFFR
$121M
| $3.04M | ﹤0.01% |
163,126
+6,367
| +4% | +$110K |
|
2073
Nuveen California Quality Municipal Income Fund
NAC
$1.82B
| $3.04M | ﹤0.01% |
273,733
+37,326
| +16% | +$380K |
|
2074
Invesco Pharmaceuticals ETF
PJP
$466M
| $3.04M | ﹤0.01% |
39,891
-538
| -1% | -$38.5K |
|
2075
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
$3B
| $3.01M | ﹤0.01% |
56,288
-3,124
| -5% | -$156K |
|
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.