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 | |
|---|---|---|---|---|---|---|
|
NIE
2676
Virtus Equity & Convertible Income Fund
NIE
$731M
| $1.3M | ﹤0.01% |
65,177
-526
| -0.8% | -$11K |
|
2677
IQ Candriam International Equity ETF
IQSI
$273M
| $1.29M | ﹤0.01% |
50,319
-1,970
| -4% | -$52.9K |
|
2678
United Therapeutics
UTHR
$22B
| $1.29M | ﹤0.01% |
5,710
+184
| +3% | +$42.4K |
|
2679
Exelixis
EXEL
$14.1B
| $1.29M | ﹤0.01% |
58,974
+13,303
| +29% | +$278K |
|
2680
BWX Technologies
BWXT
$15.8B
| $1.29M | ﹤0.01% |
17,173
+1,301
| +8% | +$94K |
|
2681
Ranger Energy Services
RNGR
$374M
| $1.29M | ﹤0.01% |
90,795
-13,600
| -13% | -$159K |
|
2682
Matsons
MATX
$6.46B
| $1.29M | ﹤0.01% |
14,487
+143
| +1% | +$12.5K |
|
2683
Innovator US Equity Power Buffer ETF February
PFEB
$926M
| $1.28M | ﹤0.01% |
+42,145
| New | +$1.3M |
|
2684
Equinox Gold
EQX
$7.56B
| $1.28M | ﹤0.01% |
303,238
+74,560
| +33% | +$360K |
|
2685
SiriusXM
SIRI
$10.4B
| $1.28M | ﹤0.01% |
28,366
+1,150
| +4% | +$53.5K |
|
2686
Macy's
M
$6.89B
| $1.28M | ﹤0.01% |
110,370
+42,028
| +61% | +$589K |
|
2687
Fidus Investment
FDUS
$777M
| $1.28M | ﹤0.01% |
66,683
+2,715
| +4% | +$53.5K |
|
2688
United States Copper Index Fund
CPER
$777M
| $1.28M | ﹤0.01% |
55,549
-16,496
| -23% | -$386K |
|
2689
American Conservative Values ETF
ACVF
$157M
| $1.28M | ﹤0.01% |
38,692
+15,676
| +68% | +$536K |
|
2690
Nuveen Select Tax-Free Income Portfolio
NXP
$897M
| $1.28M | ﹤0.01% |
96,059
-31,750
| -25% | -$451K |
|
|
QIG
2691
WisdomTree U.S. Corporate Bond Fund
QIG
$17.5M
| $1.28M | ﹤0.01% |
30,439
+2,290
| +8% | +$98.8K |
|
|
RINC
2692
DELISTED
AXS Real Estate Income ETF
RINC
| $1.27M | ﹤0.01% |
+52,947
| New | +$1.33M |
|
|
CNR
2693
Core Natural Resources Inc
CNR
$4.09B
| $1.27M | ﹤0.01% |
12,124
-26,713
| -69% | -$2.18M |
|
2694
VanEck Energy Income ETF
EINC
$81.8M
| $1.27M | ﹤0.01% |
19,546
+8,863
| +83% | +$579K |
|
2695
Dropbox
DBX
$8.05B
| $1.27M | ﹤0.01% |
46,636
-5,147
| -10% | -$140K |
|
2696
PUT
Lockheed Martin
LMT
$136B
| $1.27M | ﹤0.01% |
3,100
-300
| -9% | -$133K |
|
|
KW
2697
DELISTED
Kennedy-Wilson Holdings
KW
| $1.27M | ﹤0.01% |
85,954
-3,000
| -3% | -$48.5K |
|
2698
Nice
NICE
$6.05B
| $1.27M | ﹤0.01% |
7,444
+1,361
| +22% | +$271K |
|
2699
Comstock Resources
CRK
$3.91B
| $1.26M | ﹤0.01% |
114,629
+21,877
| +24% | +$258K |
|
2700
Doximity
DOCS
$3.99B
| $1.26M | ﹤0.01% |
59,501
+1,388
| +2% | +$37.9K |
|
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.