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 | |
|---|---|---|---|---|---|---|
201
NextEra Energy
NEE
$186B
| $146M | 0.09% |
2,397,815
-37,702
| -2% | -$2.15M |
|
202
AT&T
T
$169B
| $145M | 0.09% |
8,659,781
+274,041
| +3% | +$4.33M |
|
203
First Trust NASDAQ Cybersecurity ETF
CIBR
$14B
| $145M | 0.09% |
2,695,237
+106,250
| +4% | +$5.14M |
|
204
Accenture
ACN
$101B
| $145M | 0.09% |
413,385
+27,195
| +7% | +$8.77M |
|
205
iShares MSCI Emerging Markets ex China ETF
EMXC
$22.8B
| $145M | 0.09% |
2,617,671
+2,439,687
| +1,371% | +$126M |
|
206
Deere & Co
DE
$173B
| $145M | 0.09% |
362,340
+14,846
| +4% | +$5.6M |
|
207
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.48B
| $144M | 0.09% |
2,779,521
+680,013
| +32% | +$33.6M |
|
208
Union Pacific
UNP
$175B
| $144M | 0.09% |
584,371
+30,365
| +5% | +$6.68M |
|
209
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.73B
| $143M | 0.09% |
3,569,461
+218,213
| +7% | +$7.84M |
|
210
Comcast
CMCSA
$85.8B
| $142M | 0.09% |
3,249,350
+181,914
| +6% | +$7.8M |
|
211
Starbucks
SBUX
$118B
| $140M | 0.08% |
1,457,008
+78,600
| +6% | +$7.65M |
|
212
Vanguard S&P 500 Growth ETF
VOOG
$25.2B
| $137M | 0.08% |
3,035,472
+407,904
| +16% | +$17.5M |
|
213
Intel
INTC
$435B
| $137M | 0.08% |
2,724,482
+142,303
| +6% | +$5.78M |
|
214
State Street SPDR S&P Aerospace & Defense ETF
XAR
$6.08B
| $135M | 0.08% |
998,941
+155,318
| +18% | +$19.1M |
|
215
Abbott
ABT
$187B
| $135M | 0.08% |
1,224,345
+67,186
| +6% | +$6.71M |
|
216
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $135M | 0.08% |
2,639,122
+69,489
| +3% | +$3.41M |
|
217
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $133M | 0.08% |
1,136,374
+34,037
| +3% | +$3.88M |
|
218
Thermo Fisher Scientific
TMO
$214B
| $133M | 0.08% |
249,678
+15,318
| +7% | +$7.41M |
|
219
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $132M | 0.08% |
2,357,024
+101,702
| +5% | +$5.39M |
|
220
Vanguard Mid-Cap Value ETF
VOE
$24.1B
| $132M | 0.08% |
910,990
-111,037
| -11% | -$14.9M |
|
221
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $132M | 0.08% |
3,040,768
+627,795
| +26% | +$25.8M |
|
222
Palo Alto Networks
PANW
$260B
| $131M | 0.08% |
887,796
+78,780
| +10% | +$10.5M |
|
223
Vanguard Mid-Cap Growth ETF
VOT
$19.1B
| $130M | 0.08% |
591,671
-41,494
| -7% | -$8.3M |
|
224
First Trust Dow Jones Internet Index Fund ETF
FDN
$5B
| $129M | 0.08% |
691,850
-30,148
| -4% | -$5.04M |
|
225
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.94B
| $128M | 0.08% |
1,539,669
-127,116
| -8% | -$9.4M |
|
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.