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 | |
|---|---|---|---|---|---|---|
2726
Avantis Core Municipal Fixed Income ETF
AVMU
$173M
| $1.23M | ﹤0.01% |
27,645
+10,814
| +64% | +$494K |
|
2727
Invesco Advantage Municipal Income Trust II
VKI
$398M
| $1.22M | ﹤0.01% |
165,181
+14,599
| +10% | +$119K |
|
2728
Greenland Technologies Holding
GTEC
$14.3M
| $1.22M | ﹤0.01% |
+392,000
| New | +$918K |
|
2729
Itaú Unibanco
ITUB
$90.3B
| $1.22M | ﹤0.01% |
257,320
+7,018
| +3% | +$35K |
|
2730
CONMED
CNMD
$1.51B
| $1.22M | ﹤0.01% |
12,230
+10,282
| +528% | +$1.18M |
|
2731
First Trust Nasdaq Transportation ETF
FTXR
$1.08B
| $1.21M | ﹤0.01% |
43,188
-3,700
| -8% | -$109K |
|
2732
Acadia Pharmaceuticals
ACAD
$4.65B
| $1.21M | ﹤0.01% |
58,242
+5,850
| +11% | +$159K |
|
2733
FT Vest US Equity Buffer ETF December
FDEC
$1.35B
| $1.21M | ﹤0.01% |
34,383
+6,340
| +23% | +$229K |
|
2734
Enovis
ENOV
$1.78B
| $1.21M | ﹤0.01% |
22,888
+2,859
| +14% | +$167K |
|
2735
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.79B
| $1.21M | ﹤0.01% |
18,991
-1,622
| -8% | -$108K |
|
2736
Sprott Gold Miners ETF
SGDM
$570M
| $1.21M | ﹤0.01% |
52,717
-21,521
| -29% | -$541K |
|
2737
iShares International Treasury Bond ETF
IGOV
$1.54B
| $1.2M | ﹤0.01% |
32,384
-6,557
| -17% | -$255K |
|
2738
Primerica
PRI
$9.92B
| $1.2M | ﹤0.01% |
6,202
+400
| +7% | +$81.9K |
|
2739
Darling Ingredients
DAR
$9.56B
| $1.2M | ﹤0.01% |
23,043
+1,089
| +5% | +$68K |
|
2740
FT Vest US Equity Buffer ETF September
FSEP
$1.23B
| $1.2M | ﹤0.01% |
32,391
+11,248
| +53% | +$428K |
|
2741
Global X E-commerce ETF
EBIZ
$29.3M
| $1.2M | ﹤0.01% |
66,260
-1,137
| -2% | -$21.6K |
|
2742
VanEck Oil Refiners ETF
CRAK
$240M
| $1.2M | ﹤0.01% |
34,566
-17,647
| -34% | -$589K |
|
2743
Tenaris
TS
$29.3B
| $1.19M | ﹤0.01% |
37,808
-10,456
| -22% | -$338K |
|
2744
Kayne Anderson Energy Infrastructure Fund
KYN
$2.42B
| $1.19M | ﹤0.01% |
141,974
-40,130
| -22% | -$346K |
|
2745
First Trust Asia Pacific ex-Japan AlphaDEX Fund
FPA
$107M
| $1.19M | ﹤0.01% |
46,699
-5,659
| -11% | -$154K |
|
2746
iShares US Telecommunications ETF
IYZ
$1.25B
| $1.19M | ﹤0.01% |
55,852
-81,978
| -59% | -$1.81M |
|
2747
WIX.com
WIX
$2.79B
| $1.19M | ﹤0.01% |
12,941
+8,545
| +194% | +$763K |
|
|
CPZ
2748
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$266M
| $1.19M | ﹤0.01% |
80,303
+45,568
| +131% | +$698K |
|
2749
Rexford Industrial Realty
REXR
$8.25B
| $1.19M | ﹤0.01% |
24,061
+10,623
| +79% | +$562K |
|
2750
Portland General Electric
POR
$5.89B
| $1.19M | ﹤0.01% |
29,334
+2,434
| +9% | +$110K |
|
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.