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 | |
|---|---|---|---|---|---|---|
2101
Invesco Trust Investment Grade Municipals
VGM
$550M
| $2.9M | ﹤0.01% |
293,675
+133,404
| +83% | +$1.21M |
|
2102
Invesco S&P SmallCap Health Care ETF
PSCH
$165M
| $2.9M | ﹤0.01% |
67,830
-17,617
| -21% | -$663K |
|
2103
VanEck India Growth Leaders ETF
GLIN
$93.6M
| $2.9M | ﹤0.01% |
65,831
+54,364
| +474% | +$2.2M |
|
|
ABFL
2104
Abacus FCF Leaders ETF
ABFL
$527M
| $2.89M | ﹤0.01% |
51,049
-1,926
| -4% | -$102K |
|
2105
Integer Holdings
ITGR
$4.23B
| $2.89M | ﹤0.01% |
29,170
-64
| -0.2% | -$5.51K |
|
2106
Nuveen ESG 1-5 Year US Aggregate Bond ETF
NUSA
$34.5M
| $2.89M | ﹤0.01% |
125,315
-585,866
| -82% | -$13.3M |
|
2107
Simplify Health Care ETF
PINK
$379M
| $2.89M | ﹤0.01% |
105,613
+73,608
| +230% | +$1.85M |
|
2108
VictoryShares US Multi-Factor Minimum Volatility ETF
VSMV
$155M
| $2.89M | ﹤0.01% |
68,632
+2,663
| +4% | +$108K |
|
2109
XPO
XPO
$23.1B
| $2.88M | ﹤0.01% |
32,879
-2,259
| -6% | -$184K |
|
2110
Zions Bancorporation
ZION
$10.4B
| $2.86M | ﹤0.01% |
65,206
-14,094
| -18% | -$509K |
|
2111
Regal Rexnord
RRX
$14.1B
| $2.86M | ﹤0.01% |
19,312
+2,965
| +18% | +$374K |
|
2112
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
| $2.86M | ﹤0.01% |
289,117
-88,264
| -23% | -$824K |
|
|
BGB
2113
Blackstone Strategic Credit 2027 Term Fund
BGB
$501M
| $2.85M | ﹤0.01% |
252,186
+223,521
| +780% | +$2.45M |
|
2114
VanEck Natural Resources ETF
HAP
$300M
| $2.85M | ﹤0.01% |
58,407
-86,626
| -60% | -$4.17M |
|
2115
Compass Diversified
CODI
$793M
| $2.85M | ﹤0.01% |
126,824
-67,700
| -35% | -$1.33M |
|
2116
Saia
SAIA
$9.47B
| $2.85M | ﹤0.01% |
6,496
+617
| +10% | +$249K |
|
|
CIVI
2117
DELISTED
Civitas Resources
CIVI
| $2.85M | ﹤0.01% |
41,614
+12,539
| +43% | +$898K |
|
2118
FirstCash
FCFS
$9.09B
| $2.84M | ﹤0.01% |
26,235
-8,064
| -24% | -$873K |
|
2119
ScottsMiracle-Gro
SMG
$4.01B
| $2.84M | ﹤0.01% |
44,529
-7,919
| -15% | -$428K |
|
2120
Novanta
NOVT
$5.31B
| $2.83M | ﹤0.01% |
16,826
-351
| -2% | -$51.2K |
|
2121
Northern Trust
NTRS
$33.4B
| $2.83M | ﹤0.01% |
33,502
+394
| +1% | +$29.1K |
|
|
HGLB
2122
Highland Global Allocation Fund
HGLB
$177M
| $2.82M | ﹤0.01% |
359,346
+6,189
| +2% | +$48.1K |
|
2123
WisdomTree Japan SmallCap Dividend Fund
DFJ
$385M
| $2.82M | ﹤0.01% |
37,658
-11,728
| -24% | -$818K |
|
2124
Helen of Troy
HELE
$684M
| $2.81M | ﹤0.01% |
23,282
+236
| +1% | +$25.4K |
|
2125
iShares iBonds Dec 2031 Term Corporate ETF
IBDW
$2.53B
| $2.81M | ﹤0.01% |
135,362
+53,882
| +66% | +$1.06M |
|
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.