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 | |
|---|---|---|---|---|---|---|
2801
Cognex
CGNX
$11.9B
| $1.11M | ﹤0.01% |
26,236
-3,800
| -13% | -$187K |
|
|
BHR
2802
Braemar Hotels & Resorts
BHR
$144M
| $1.11M | ﹤0.01% |
401,862
-516
| -0.1% | -$1.6K |
|
2803
iShares US Tech Breakthrough Multisector ETF
TECB
$488M
| $1.11M | ﹤0.01% |
30,444
+10,913
| +56% | +$414K |
|
2804
State Street Income Allocation ETF
INKM
$75M
| $1.11M | ﹤0.01% |
38,620
+5,006
| +15% | +$151K |
|
2805
Federal Agricultural Mortgage
AGM
$2.62B
| $1.11M | ﹤0.01% |
7,204
+4,178
| +138% | +$676K |
|
2806
Verra Mobility
VRRM
$848M
| $1.11M | ﹤0.01% |
59,432
+3,888
| +7% | +$75.4K |
|
2807
Bright Horizons
BFAM
$3.98B
| $1.11M | ﹤0.01% |
13,632
+5,057
| +59% | +$467K |
|
|
TWO
2808
Two Harbors Investment
TWO
$1.27B
| $1.11M | ﹤0.01% |
83,577
+15,992
| +24% | +$214K |
|
2809
Mobileye
MBLY
$2.18B
| $1.1M | ﹤0.01% |
26,582
+5,396
| +25% | +$208K |
|
2810
Neurocrine Biosciences
NBIX
$16.9B
| $1.1M | ﹤0.01% |
9,814
+1,600
| +19% | +$168K |
|
2811
CBIZ
CBZ
$2.99B
| $1.1M | ﹤0.01% |
21,179
+1,036
| +5% | +$55.8K |
|
2812
Delek Logistics
DKL
$3.09B
| $1.1M | ﹤0.01% |
26,181
-1,852
| -7% | -$81.9K |
|
|
MFA
2813
MFA Financial
MFA
$924M
| $1.1M | ﹤0.01% |
114,258
+39,880
| +54% | +$431K |
|
|
EVN
2814
Eaton Vance Municipal Income Trust
EVN
$419M
| $1.1M | ﹤0.01% |
123,199
+9,274
| +8% | +$89.6K |
|
2815
VanEck Vietnam ETF
VNM
$510M
| $1.09M | ﹤0.01% |
80,697
+7,814
| +11% | +$114K |
|
|
SRV
2816
NXG Cushing Midstream Energy Fund
SRV
$219M
| $1.09M | ﹤0.01% |
30,039
-192
| -0.6% | -$7.79K |
|
2817
Ryan Specialty Holdings
RYAN
$5.77B
| $1.09M | ﹤0.01% |
22,568
-4,427
| -16% | -$205K |
|
2818
Resources Connection
RGP
$158M
| $1.09M | ﹤0.01% |
73,194
-1,056
| -1% | -$16.6K |
|
|
HZNP
2819
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $1.09M | ﹤0.01% |
9,430
-18,328
| -66% | -$1.97M |
|
|
SPNS
2820
DELISTED
Sapiens International
SPNS
| $1.09M | ﹤0.01% |
38,406
+5,974
| +18% | +$171K |
|
2821
FIVE9
FIVN
$2.28B
| $1.09M | ﹤0.01% |
17,019
+1,152
| +7% | +$86.2K |
|
2822
HCM Defender 100 Index ETF
QQH
$763M
| $1.09M | ﹤0.01% |
24,257
+755
| +3% | +$35.6K |
|
2823
iShares Genomics Immunology and Healthcare ETF
IDNA
$194M
| $1.09M | ﹤0.01% |
53,436
-168
| -0.3% | -$3.77K |
|
2824
Avantis Responsible US Equity ETF
AVSU
$488M
| $1.09M | ﹤0.01% |
+21,941
| New | +$1.13M |
|
2825
iShares MSCI Pacific ex Japan ETF
EPP
$2.26B
| $1.09M | ﹤0.01% |
27,282
+5,803
| +27% | +$240K |
|
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.