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
|
+$410M |
| 2 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$316M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$271M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$225M |
| 5 |
FT Vest Fund of Buffer ETFs
BUFR
|
+$183M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Treasury Bond ETF
GOVT
|
+$279M |
| 2 |
iShares US Technology ETF
IYW
|
+$142M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$139M |
| 4 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$116M |
| 5 |
iShares MSCI EAFE Growth ETF
EFG
|
+$91.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.5% |
| 2 | Financials | 3.09% |
| 3 | Healthcare | 2.96% |
| 4 | Consumer Discretionary | 2.59% |
| 5 | Industrials | 2.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
BancFirst
BANF
$3.83B
| $1.59M | ﹤0.01% |
18,345
+911
| +5% | +$86.1K |
|
|
GGT
2502
Gabelli Multimedia Trust
GGT
$171M
| $1.59M | ﹤0.01% |
274,028
-15,916
| -5% | -$99.2K |
|
2503
SolarEdge
SEDG
$2.74B
| $1.58M | ﹤0.01% |
12,235
-5,451
| -31% | -$1.05M |
|
2504
Federated Hermes US Strategic Dividend ETF
FDV
$880M
| $1.58M | ﹤0.01% |
70,829
+47,707
| +206% | +$1.13M |
|
2505
TransUnion
TRU
$15.3B
| $1.58M | ﹤0.01% |
22,049
-2,820
| -11% | -$221K |
|
2506
iShares iBonds Dec 2031 Term Corporate ETF
IBDW
$2.52B
| $1.58M | ﹤0.01% |
81,480
+20,404
| +33% | +$406K |
|
2507
FT Vest US Equity Deep Buffer ETF November
DNOV
$398M
| $1.58M | ﹤0.01% |
44,505
+3,100
| +7% | +$113K |
|
2508
Nuveen Taxable Municipal Income Fund
NBB
$449M
| $1.58M | ﹤0.01% |
108,613
+3,535
| +3% | +$53.7K |
|
|
VSTO
2509
DELISTED
Vista Outdoor Inc.
VSTO
| $1.58M | ﹤0.01% |
47,608
-516
| -1% | -$15.2K |
|
|
OPP
2510
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$189M
| $1.57M | ﹤0.01% |
201,422
+2,365
| +1% | +$19.6K |
|
2511
First Trust Securitized Plus ETF
DEED
$64.2M
| $1.57M | ﹤0.01% |
78,759
-17,740
| -18% | -$368K |
|
2512
Gen Digital
GEN
$16.9B
| $1.57M | ﹤0.01% |
88,970
+14,460
| +19% | +$282K |
|
2513
First Trust Nasdaq Pharmaceuticals ETF
FTXH
$909M
| $1.57M | ﹤0.01% |
61,517
-9,203
| -13% | -$243K |
|
2514
Nuveen Preferred & Income Opportunities Fund
JPC
$2.91B
| $1.57M | ﹤0.01% |
248,418
-2,107
| -0.8% | -$13.6K |
|
2515
Sabra Healthcare REIT
SBRA
$5.2B
| $1.57M | ﹤0.01% |
112,750
+8,990
| +9% | +$115K |
|
2516
Invesco Municipal Trust
VKQ
$537M
| $1.57M | ﹤0.01% |
188,130
+6,930
| +4% | +$63.6K |
|
2517
Inspire Small/Mid Cap Impact ETF
ISMD
$341M
| $1.57M | ﹤0.01% |
51,622
-3,403
| -6% | -$110K |
|
2518
Enpro
NPO
$7.06B
| $1.57M | ﹤0.01% |
12,896
+9,112
| +241% | +$1.2M |
|
2519
Knight Transportation
KNX
$11.1B
| $1.57M | ﹤0.01% |
31,268
-12,137
| -28% | -$673K |
|
2520
iShares ESG MSCI USA Leaders ETF
SUSL
$1.18B
| $1.56M | ﹤0.01% |
20,706
-2,223
| -10% | -$174K |
|
2521
Renasant Corp
RNST
$4.02B
| $1.56M | ﹤0.01% |
59,552
+1,605
| +3% | +$45.2K |
|
2522
First American
FAF
$7.7B
| $1.56M | ﹤0.01% |
27,604
-1,824
| -6% | -$109K |
|
2523
Inspire International ETF
WWJD
$562M
| $1.56M | ﹤0.01% |
59,158
-2,909
| -5% | -$80.3K |
|
2524
Advance Auto Parts
AAP
$3.36B
| $1.56M | ﹤0.01% |
27,836
-2,173
| -7% | -$146K |
|
|
FGB
2525
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
| $1.56M | ﹤0.01% |
461,514
-167,466
| -27% | -$561K |
|
Similar funds
LPL Financial's Q3 2023 Portfolio in Review
As of Q3 2023, LPL Financial held 4,862 positions worth $143B, up 2.1% from $140B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $8.26B of net new capital in Q3 2023, opening 280 new positions and adding to 2,842 existing holdings. Its largest new stake was Toews Agility Shares Managed Risk ETF: 749,841 shares worth $20.9M.
By sector, the portfolio is most concentrated in Technology at 6.5% of assets, down from 6.6% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares US Treasury Bond ETF, an estimated $279M trimmed.
- LPL Financial's largest Q3 2023 buy was Toews Agility Shares Managed Risk ETF: 749,841 shares worth $20.9M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q3 2023, an estimated $410M increase.
- LPL Financial's biggest Q3 2023 reduction was iShares US Treasury Bond ETF, cutting an estimated $279M.
- LPL Financial fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $23.3M.
- LPL Financial's ten largest holdings make up 18% of its $143B portfolio in Q3 2023.
- LPL Financial opened 280 new positions and closed 178 in Q3 2023.
- LPL Financial's portfolio value rose 2.1% quarter-over-quarter to $143B.
Based on LPL Financial's 13F filing for Q3 2023, filed 13 Nov 2023.