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 | |
|---|---|---|---|---|---|---|
2701
The Ensign Group
ENSG
$10.3B
| $1.26M | ﹤0.01% |
13,567
+4,015
| +42% | +$380K |
|
2702
StoneX
SNEX
$9.1B
| $1.26M | ﹤0.01% |
65,792
-147
| -0.2% | -$2.7K |
|
2703
CVR Partners
UAN
$1.33B
| $1.26M | ﹤0.01% |
15,216
+773
| +5% | +$64.1K |
|
2704
Franklin FTSE United Kingdom ETF
FLGB
$896M
| $1.26M | ﹤0.01% |
52,549
+2,684
| +5% | +$65.4K |
|
2705
Invesco China Technology ETF
CQQQ
$3.14B
| $1.26M | ﹤0.01% |
34,690
-27,260
| -44% | -$1.08M |
|
2706
BlackRock Limited Duration Income Trust
BLW
$492M
| $1.25M | ﹤0.01% |
97,406
-5,467
| -5% | -$71.5K |
|
|
FSD
2707
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
| $1.25M | ﹤0.01% |
117,016
+34,094
| +41% | +$381K |
|
2708
iShares International Equity Factor ETF
INTF
$3.67B
| $1.25M | ﹤0.01% |
48,487
+339
| +0.7% | +$9.05K |
|
2709
Xtrackers MSCI USA ESG Leaders Equity ETF
USSG
$589M
| $1.25M | ﹤0.01% |
31,581
+1,095
| +4% | +$45K |
|
2710
Transmedics
TMDX
$2.79B
| $1.25M | ﹤0.01% |
22,874
+2,266
| +11% | +$163K |
|
2711
First Financial Bankshares
FFIN
$5.09B
| $1.25M | ﹤0.01% |
49,844
-4,888
| -9% | -$142K |
|
2712
Choice Hotels
CHH
$4.94B
| $1.25M | ﹤0.01% |
10,210
+3,731
| +58% | +$469K |
|
2713
Brookfield Asset Management
BAM
$82.9B
| $1.25M | ﹤0.01% |
37,503
-3,725
| -9% | -$126K |
|
2714
Group 1 Automotive
GPI
$3.41B
| $1.25M | ﹤0.01% |
4,638
+523
| +13% | +$137K |
|
2715
United Bankshares
UBSI
$6.76B
| $1.25M | ﹤0.01% |
45,155
-3,062
| -6% | -$92.2K |
|
2716
CoreCivic
CXW
$2.98B
| $1.24M | ﹤0.01% |
110,534
+72,109
| +188% | +$725K |
|
2717
Cohen & Steers Duration Preferred & Income Fund
LDP
$596M
| $1.24M | ﹤0.01% |
72,752
+532
| +0.7% | +$9.49K |
|
2718
Viper Energy
VNOM
$8.27B
| $1.24M | ﹤0.01% |
44,435
-3,788
| -8% | -$104K |
|
2719
Viemed Healthcare
VMD
$377M
| $1.24M | ﹤0.01% |
183,890
+13,200
| +8% | +$108K |
|
2720
Carriage Services
CSV
$643M
| $1.23M | ﹤0.01% |
43,686
+651
| +2% | +$20.5K |
|
|
DAY
2721
DELISTED
Dayforce
DAY
| $1.23M | ﹤0.01% |
18,185
-10,757
| -37% | -$756K |
|
2722
Alliance Resource Partners
ARLP
$3.31B
| $1.23M | ﹤0.01% |
54,730
+7,309
| +15% | +$146K |
|
|
CPTL
2723
Global X Funds Global X Morningstar Capital Allocation Leaders ETF
CPTL
$120M
| $1.23M | ﹤0.01% |
41,245
-2,586
| -6% | -$80.4K |
|
2724
WisdomTree US Quality Growth Fund
QGRW
$2.88B
| $1.23M | ﹤0.01% |
+38,716
| New | +$1.28M |
|
2725
PagerDuty
PD
$871M
| $1.23M | ﹤0.01% |
54,674
-608
| -1% | -$14.5K |
|
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.