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 | |
|---|---|---|---|---|---|---|
|
FAM
2526
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
| $1.55M | ﹤0.01% |
272,702
-149,775
| -35% | -$905K |
|
2527
Woodside Energy
WDS
$43.1B
| $1.55M | ﹤0.01% |
66,646
+6,334
| +11% | +$154K |
|
2528
Omnicell
OMCL
$1.71B
| $1.55M | ﹤0.01% |
34,398
+3,160
| +10% | +$191K |
|
|
DHY
2529
Credit Suisse High Yield Credit Fund
DHY
$239M
| $1.55M | ﹤0.01% |
825,021
+5,254
| +0.6% | +$9.92K |
|
|
TGH
2530
DELISTED
Textainer Group Holdings limited
TGH
| $1.55M | ﹤0.01% |
41,620
-1,430
| -3% | -$57.2K |
|
2531
Rentokil
RTO
$12B
| $1.55M | ﹤0.01% |
41,837
+2,110
| +5% | +$80.6K |
|
|
CFLT
2532
DELISTED
Confluent
CFLT
| $1.55M | ﹤0.01% |
52,314
+12,107
| +30% | +$406K |
|
|
EFT
2533
Eaton Vance Floating-Rate Income Trust
EFT
$284M
| $1.55M | ﹤0.01% |
125,533
-1,237
| -1% | -$15K |
|
|
RMM
2534
RiverNorth Managed Duration Municipal Income Fund
RMM
$284M
| $1.54M | ﹤0.01% |
112,334
-18,771
| -14% | -$285K |
|
2535
FT Vest US Equity Buffer ETF August
FAUG
$1.2B
| $1.53M | ﹤0.01% |
41,025
-13,703
| -25% | -$528K |
|
|
PLYM
2536
DELISTED
Plymouth Industrial REIT
PLYM
| $1.53M | ﹤0.01% |
73,152
-7,727
| -10% | -$174K |
|
2537
MGE Energy Inc
MGEE
$3.02B
| $1.53M | ﹤0.01% |
22,364
+1,477
| +7% | +$112K |
|
2538
Idacorp
IDA
$8.32B
| $1.53M | ﹤0.01% |
16,352
+1,273
| +8% | +$126K |
|
2539
Invesco Municipal Opportunity Trust
VMO
$649M
| $1.53M | ﹤0.01% |
185,999
+895
| +0.5% | +$8.18K |
|
|
ARCH
2540
DELISTED
Arch Resources, Inc.
ARCH
| $1.53M | ﹤0.01% |
8,964
+2,826
| +46% | +$379K |
|
2541
Equitable Holdings
EQH
$13.1B
| $1.53M | ﹤0.01% |
53,881
+8,126
| +18% | +$229K |
|
2542
Planet Fitness
PLNT
$4.45B
| $1.52M | ﹤0.01% |
31,271
-1,660
| -5% | -$100K |
|
2543
Harley-Davidson
HOG
$2.66B
| $1.52M | ﹤0.01% |
45,997
+4,396
| +11% | +$153K |
|
2544
F5
FFIV
$23.1B
| $1.52M | ﹤0.01% |
9,434
+1,389
| +17% | +$217K |
|
|
STK
2545
Columbia Seligman Premium Technology Growth Fund
STK
$876M
| $1.52M | ﹤0.01% |
55,838
-7,491
| -12% | -$221K |
|
|
MSD
2546
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
| $1.52M | ﹤0.01% |
234,075
-1,139
| -0.5% | -$7.46K |
|
2547
Shutterstock
SSTK
$223M
| $1.52M | ﹤0.01% |
39,896
+20,509
| +106% | +$919K |
|
2548
DaVita
DVA
$15B
| $1.52M | ﹤0.01% |
16,053
+6,178
| +63% | +$630K |
|
2549
MidCap Financial Investment
MFIC
$801M
| $1.51M | ﹤0.01% |
109,876
-14,985
| -12% | -$201K |
|
2550
Simmons First National
SFNC
$3.45B
| $1.51M | ﹤0.01% |
88,767
+470
| +0.5% | +$8.47K |
|
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.