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 | |
|---|---|---|---|---|---|---|
2376
iShares MSCI Global Sustainable Development Goals ETF
SDG
$171M
| $2.07M | ﹤0.01% |
25,540
-4,007
| -14% | -$302K |
|
2377
Glacier Bancorp
GBCI
$6.57B
| $2.07M | ﹤0.01% |
50,060
+1,779
| +4% | +$60.6K |
|
2378
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$338M
| $2.06M | ﹤0.01% |
137,181
-24,956
| -15% | -$364K |
|
|
HQL
2379
abrdn Life Sciences Investors
HQL
$586M
| $2.06M | ﹤0.01% |
152,722
-4,969
| -3% | -$61.1K |
|
|
AFT
2380
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
| $2.05M | ﹤0.01% |
154,865
+11,238
| +8% | +$148K |
|
2381
HCM Defender 100 Index ETF
QQH
$727M
| $2.05M | ﹤0.01% |
40,751
+16,494
| +68% | +$774K |
|
2382
JPMorgan USD Emerging Markets Sovereign Bond ETF
JPMB
$67.1M
| $2.05M | ﹤0.01% |
51,376
-36,743
| -42% | -$1.39M |
|
2383
Encompass Health
EHC
$11.2B
| $2.05M | ﹤0.01% |
30,685
+1,949
| +7% | +$126K |
|
2384
Silicon Laboratories
SLAB
$7.19B
| $2.05M | ﹤0.01% |
15,474
+128
| +0.8% | +$14K |
|
2385
abrdn Physical Palladium Shares ETF
PALL
$608M
| $2.04M | ﹤0.01% |
100,805
-18,060
| -15% | -$364K |
|
2386
Invesco Dorsey Wright Energy Momentum ETF
PXI
$51.6M
| $2.04M | ﹤0.01% |
45,579
+4,498
| +11% | +$197K |
|
2387
Neogen
NEOG
$2.59B
| $2.04M | ﹤0.01% |
101,267
-2,631
| -3% | -$44.5K |
|
2388
Paylocity
PCTY
$7.48B
| $2.04M | ﹤0.01% |
12,348
+2,224
| +22% | +$374K |
|
2389
Nice
NICE
$5.9B
| $2.03M | ﹤0.01% |
10,174
+2,730
| +37% | +$491K |
|
2390
iShares MSCI Europe Small-Cap ETF
IEUS
$181M
| $2.03M | ﹤0.01% |
36,110
-1,177
| -3% | -$59.6K |
|
2391
Kratos Defense & Security Solutions
KTOS
$9.23B
| $2.03M | ﹤0.01% |
100,005
+46,355
| +86% | +$852K |
|
2392
CACI
CACI
$11.3B
| $2.02M | ﹤0.01% |
6,247
+66
| +1% | +$21.4K |
|
2393
YPF
YPF
$20B
| $2.02M | ﹤0.01% |
117,479
-77
| -0.1% | -$1.06K |
|
2394
Adams Diversified Equity Fund
ADX
$3.13B
| $2.02M | ﹤0.01% |
113,789
+8,962
| +9% | +$152K |
|
2395
Pacer Emerging Markets Cash Cows 100 ETF
ECOW
$221M
| $2.01M | ﹤0.01% |
99,849
+12,808
| +15% | +$242K |
|
2396
DT Midstream
DTM
$13.8B
| $2.01M | ﹤0.01% |
36,718
+777
| +2% | +$42.8K |
|
2397
FT Vest US Equity Buffer ETF February
FFEB
$1.39B
| $2.01M | ﹤0.01% |
47,114
+4,135
| +10% | +$167K |
|
2398
Innovative Industrial Properties
IIPR
$1.7B
| $2M | ﹤0.01% |
19,871
-15,811
| -44% | -$1.3M |
|
2399
Old National Bancorp
ONB
$10.3B
| $2M | ﹤0.01% |
118,372
+22,218
| +23% | +$334K |
|
2400
Avantis Emerging Markets Value ETF
AVES
$1.43B
| $2M | ﹤0.01% |
43,482
+11,426
| +36% | +$503K |
|
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.