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 | |
|---|---|---|---|---|---|---|
2601
Intellia Therapeutics
NTLA
$1.5B
| $1.42M | ﹤0.01% |
44,798
+219
| +0.5% | +$8.5K |
|
|
SBR
2602
Sabine Royalty Trust
SBR
$1.06B
| $1.41M | ﹤0.01% |
21,410
+2,916
| +16% | +$192K |
|
|
JBTM
2603
JBT Marel
JBTM
$7.41B
| $1.41M | ﹤0.01% |
13,501
+1,865
| +16% | +$209K |
|
|
CACG
2604
DELISTED
Legg Mason ETF Investment Trust ClearBridge All Cap Growth ESG ETF
CACG
| $1.41M | ﹤0.01% |
34,609
-992
| -3% | -$41.9K |
|
2605
Roundhill Ball Metaverse ETF
METV
$213M
| $1.41M | ﹤0.01% |
148,622
+1,756
| +1% | +$17.7K |
|
2606
Hartford Multifactor Small Cap ETF
ROSC
$62.3M
| $1.41M | ﹤0.01% |
39,053
-505
| -1% | -$18.9K |
|
|
BKN
2607
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
| $1.41M | ﹤0.01% |
139,036
-4,591
| -3% | -$51.3K |
|
2608
Brown-Forman Class A
BF.A
$12.9B
| $1.4M | ﹤0.01% |
24,146
-325
| -1% | -$22.1K |
|
2609
Mercury Systems
MRCY
$6.35B
| $1.4M | ﹤0.01% |
38,533
+9,984
| +35% | +$368K |
|
2610
Leidos
LDOS
$14.9B
| $1.4M | ﹤0.01% |
15,202
-881
| -5% | -$82.9K |
|
2611
Americold
COLD
$4.03B
| $1.4M | ﹤0.01% |
45,988
-2,108
| -4% | -$68.2K |
|
2612
Old National Bancorp
ONB
$10.3B
| $1.4M | ﹤0.01% |
96,154
-11,991
| -11% | -$186K |
|
2613
ONE Gas
OGS
$4.92B
| $1.4M | ﹤0.01% |
20,471
+4,700
| +30% | +$355K |
|
2614
Invesco BulletShares 2029 Municipal Bond ETF
BSMT
$282M
| $1.4M | ﹤0.01% |
63,104
+15,506
| +33% | +$353K |
|
2615
Simplify US Equity PLUS Downside Convexity ETF
SPD
$107M
| $1.39M | ﹤0.01% |
53,129
+7,026
| +15% | +$192K |
|
2616
Avantis Emerging Markets Value ETF
AVES
$1.43B
| $1.39M | ﹤0.01% |
32,056
+6,166
| +24% | +$273K |
|
2617
Acuity Brands
AYI
$10B
| $1.39M | ﹤0.01% |
8,175
+986
| +14% | +$161K |
|
2618
First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF
FCEF
$81.3M
| $1.39M | ﹤0.01% |
74,547
-2,271
| -3% | -$43.8K |
|
2619
Gentex
GNTX
$4.99B
| $1.39M | ﹤0.01% |
42,666
+12,463
| +41% | +$400K |
|
2620
Affirm
AFRM
$25.3B
| $1.39M | ﹤0.01% |
65,243
+15,211
| +30% | +$278K |
|
|
CDMO
2621
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $1.39M | ﹤0.01% |
148,697
+87,885
| +145% | +$1.06M |
|
2622
PennantPark Floating Rate Capital
PFLT
$709M
| $1.39M | ﹤0.01% |
130,099
+64,419
| +98% | +$695K |
|
2623
SK Telecom
SKM
$12.4B
| $1.39M | ﹤0.01% |
64,625
+640
| +1% | +$12.8K |
|
|
MGF
2624
Aberdeen Government Markets Income Fund
MGF
$92.2M
| $1.38M | ﹤0.01% |
452,374
+13,174
| +3% | +$41.7K |
|
2625
Nelnet
NNI
$4.97B
| $1.38M | ﹤0.01% |
15,487
+1,462
| +10% | +$138K |
|
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.