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 | |
|---|---|---|---|---|---|---|
2851
Avis
CAR
$4.99B
| $1.05M | ﹤0.01% |
5,849
-768
| -12% | -$166K |
|
2852
News Corp Class A
NWSA
$15.5B
| $1.05M | ﹤0.01% |
52,370
+6,595
| +14% | +$134K |
|
2853
BNY Mellon International Equity ETF
BKIE
$1.32B
| $1.05M | ﹤0.01% |
48,240
-2,475
| -5% | -$55.8K |
|
2854
Integra LifeSciences
IART
$1.39B
| $1.05M | ﹤0.01% |
27,548
-1,314
| -5% | -$55.3K |
|
|
EAD
2855
Allspring Income Opportunities Fund
EAD
$378M
| $1.04M | ﹤0.01% |
170,964
+10,410
| +6% | +$65.8K |
|
2856
Penske Automotive Group
PAG
$14.4B
| $1.04M | ﹤0.01% |
6,225
+2,847
| +84% | +$476K |
|
2857
AeroVironment
AVAV
$8.55B
| $1.04M | ﹤0.01% |
9,318
-826
| -8% | -$83.2K |
|
2858
PAR Technology
PAR
$719M
| $1.04M | ﹤0.01% |
26,931
-72
| -0.3% | -$2.73K |
|
2859
VanEck Environmental Services ETF
EVX
$102M
| $1.03M | ﹤0.01% |
36,100
+7,010
| +24% | +$220K |
|
2860
ProShares Ultra QQQ
QLD
$14.1B
| $1.03M | ﹤0.01% |
34,854
-13,008
| -27% | -$418K |
|
2861
G-III Apparel Group
GIII
$1.54B
| $1.03M | ﹤0.01% |
+41,668
| New | +$890K |
|
2862
Columbia Sportswear
COLM
$2.95B
| $1.03M | ﹤0.01% |
14,518
+1,486
| +11% | +$111K |
|
2863
IonQ
IONQ
$15.6B
| $1.03M | ﹤0.01% |
69,228
+34,157
| +97% | +$537K |
|
|
UCB
2864
United Community Banks
UCB
$4.33B
| $1.03M | ﹤0.01% |
40,537
+16,536
| +69% | +$448K |
|
2865
Nuveen Real Asset Income & Growth Fund
JRI
$349M
| $1.03M | ﹤0.01% |
96,855
-3,235
| -3% | -$36.3K |
|
2866
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$640M
| $1.03M | ﹤0.01% |
101,535
+9,506
| +10% | +$104K |
|
|
EXK
2867
Endeavour Silver
EXK
$2.47B
| $1.03M | ﹤0.01% |
421,932
+236,255
| +127% | +$697K |
|
2868
State Street SPDR MSCI ACWI Climate Paris Aligned ETF
NZAC
$198M
| $1.02M | ﹤0.01% |
36,085
-10,888
| -23% | -$323K |
|
2869
Ashland
ASH
$3.31B
| $1.02M | ﹤0.01% |
12,542
+1,796
| +17% | +$156K |
|
2870
iShares 1-3 Year International Treasury Bond ETF
ISHG
$829M
| $1.02M | ﹤0.01% |
15,138
+64
| +0.4% | +$4.44K |
|
|
ARMR
2871
DELISTED
Armor US Equity Index ETF
ARMR
| $1.02M | ﹤0.01% |
47,880
-6,346
| -12% | -$143K |
|
|
AIVC
2872
Amplify Bloomberg AI Equal Weight ETF
AIVC
$122M
| $1.02M | ﹤0.01% |
29,085
-234
| -0.8% | -$8.44K |
|
2873
Western Union
WU
$2.28B
| $1.02M | ﹤0.01% |
77,437
+11,385
| +17% | +$140K |
|
2874
Innovator US Equity Buffer ETF October
BOCT
$289M
| $1.02M | ﹤0.01% |
28,696
+3,601
| +14% | +$132K |
|
|
CWAN
2875
DELISTED
Clearwater Analytics
CWAN
| $1.02M | ﹤0.01% |
52,607
+3,239
| +7% | +$57.1K |
|
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.