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 | |
|---|---|---|---|---|---|---|
2751
Atlantic Union Bankshares
AUB
$6.16B
| $1.19M | ﹤0.01% |
41,233
+16,174
| +65% | +$481K |
|
2752
PUT
Verizon
VZ
$195B
| $1.19M | ﹤0.01% |
+36,600
| New | +$1.24M |
|
2753
PDS Biotechnology
PDSB
$40.3M
| $1.19M | ﹤0.01% |
234,777
-70,685
| -23% | -$387K |
|
2754
Gibraltar Industries
ROCK
$1.43B
| $1.18M | ﹤0.01% |
17,540
+3,144
| +22% | +$215K |
|
|
BWG
2755
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
| $1.18M | ﹤0.01% |
157,581
-35,509
| -18% | -$286K |
|
2756
Teekay Tankers
TNK
$2.66B
| $1.18M | ﹤0.01% |
28,423
+14,341
| +102% | +$586K |
|
2757
Aecom
ACM
$9.74B
| $1.18M | ﹤0.01% |
14,243
+576
| +4% | +$49.7K |
|
2758
B&G Foods
BGS
$289M
| $1.18M | ﹤0.01% |
119,510
-42,244
| -26% | -$524K |
|
2759
BlackRock Capital Allocation Term Trust
BCAT
$1.68B
| $1.18M | ﹤0.01% |
81,449
-50,871
| -38% | -$761K |
|
2760
Glaukos
GKOS
$10.1B
| $1.18M | ﹤0.01% |
15,682
-979
| -6% | -$73.1K |
|
2761
Vista Energy
VIST
$7.27B
| $1.17M | ﹤0.01% |
38,581
-40,011
| -51% | -$1.05M |
|
|
QQQN
2762
DELISTED
VictoryShares Nasdaq Next 50 ETF
QQQN
| $1.17M | ﹤0.01% |
47,750
+606
| +1% | +$15.5K |
|
|
PRO
2763
DELISTED
PROS Holdings
PRO
| $1.17M | ﹤0.01% |
33,709
+181
| +0.5% | +$6.25K |
|
2764
Lucid Motors
LCID
$3.04B
| $1.17M | ﹤0.01% |
20,869
-235
| -1% | -$15.2K |
|
2765
Kimco Realty
KIM
$16.9B
| $1.17M | ﹤0.01% |
66,303
-12,120
| -15% | -$235K |
|
2766
Pinduoduo
PDD
$130B
| $1.17M | ﹤0.01% |
11,882
+2,153
| +22% | +$185K |
|
2767
ARK Space & Defense Innovation ETF
ARKX
$860M
| $1.16M | ﹤0.01% |
84,441
+565
| +0.7% | +$8.26K |
|
|
PRFT
2768
DELISTED
Perficient Inc
PRFT
| $1.16M | ﹤0.01% |
20,305
+2,922
| +17% | +$200K |
|
|
DMB
2769
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$194M
| $1.16M | ﹤0.01% |
117,153
+4,319
| +4% | +$46.4K |
|
|
FDIQ
2770
Invesco Bloomberg Financial Data Providers ETF
FDIQ
$50.3M
| $1.16M | ﹤0.01% |
26,508
-4,696
| -15% | -$220K |
|
2771
Renaissance IPO ETF
IPO
$162M
| $1.16M | ﹤0.01% |
36,305
-212
| -0.6% | -$7.04K |
|
2772
FTI Consulting
FCN
$4.34B
| $1.16M | ﹤0.01% |
6,488
+1,365
| +27% | +$254K |
|
|
FFA
2773
First Trust Enhanced Equity Income Fund
FFA
$462M
| $1.16M | ﹤0.01% |
67,018
+10,901
| +19% | +$194K |
|
2774
InMode
INMD
$883M
| $1.16M | ﹤0.01% |
37,950
+6,174
| +19% | +$242K |
|
2775
Under Armour
UAA
$2.92B
| $1.16M | ﹤0.01% |
168,708
+7,756
| +5% | +$58.4K |
|
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.