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 | |
|---|---|---|---|---|---|---|
2926
Mattel
MAT
$4.32B
| $969K | ﹤0.01% |
43,975
+5,943
| +16% | +$127K |
|
|
BLE
2927
DELISTED
BlackRock Municipal Income Trust II
BLE
| $968K | ﹤0.01% |
105,877
+11,573
| +12% | +$116K |
|
2928
Golar LNG
GLNG
$5.03B
| $966K | ﹤0.01% |
39,838
+4,140
| +12% | +$95.4K |
|
|
IRBT
2929
DELISTED
iRobot
IRBT
| $966K | ﹤0.01% |
25,498
+8,196
| +47% | +$329K |
|
2930
KB Home
KBH
$3.56B
| $965K | ﹤0.01% |
20,858
+4,615
| +28% | +$235K |
|
2931
Magnolia Oil & Gas
MGY
$5.82B
| $964K | ﹤0.01% |
42,058
+2,309
| +6% | +$51.6K |
|
2932
Vail Resorts
MTN
$5.33B
| $963K | ﹤0.01% |
4,341
+510
| +13% | +$121K |
|
2933
Simpson Manufacturing
SSD
$8.08B
| $962K | ﹤0.01% |
6,425
+2,708
| +73% | +$412K |
|
|
IDE
2934
Voya Infrastructure, Industrials and Materials Fund
IDE
$199M
| $962K | ﹤0.01% |
102,000
-4,701
| -4% | -$46K |
|
2935
Valmont Industries
VMI
$9.72B
| $960K | ﹤0.01% |
3,997
+883
| +28% | +$227K |
|
2936
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
| $960K | ﹤0.01% |
71,634
+23,111
| +48% | +$313K |
|
|
SAND
2937
DELISTED
Sandstorm Gold
SAND
| $960K | ﹤0.01% |
205,945
-639
| -0.3% | -$3.35K |
|
2938
M/I Homes
MHO
$3.8B
| $957K | ﹤0.01% |
11,392
+3,889
| +52% | +$360K |
|
|
TBLU
2939
Tortoise Global Water ETF
TBLU
$58.6M
| $957K | ﹤0.01% |
25,162
-1,543
| -6% | -$62.6K |
|
2940
CALL
NVIDIA
NVDA
$5.13T
| $957K | ﹤0.01% |
+22,000
| New | +$986K |
|
2941
iShares iBonds Dec 2029 Term Treasury ETF
IBTJ
$1.35B
| $956K | ﹤0.01% |
45,531
+9,625
| +27% | +$205K |
|
|
AWP
2942
abrdn Global Premier Properties Fund
AWP
$369M
| $955K | ﹤0.01% |
87,437
-8,665
| -9% | -$102K |
|
2943
Xerox
XRX
$424M
| $954K | ﹤0.01% |
60,801
+1,172
| +2% | +$18.5K |
|
2944
Vanguard US Minimum Volatility ETF
VFMV
$438M
| $953K | ﹤0.01% |
9,905
-8,573
| -46% | -$853K |
|
2945
argenx
ARGX
$52.8B
| $949K | ﹤0.01% |
+1,931
| New | +$945K |
|
2946
Amphastar Pharmaceuticals
AMPH
$877M
| $949K | ﹤0.01% |
20,628
+7,371
| +56% | +$402K |
|
2947
Moog Inc Class A
MOG.A
$12.9B
| $946K | ﹤0.01% |
8,373
+919
| +12% | +$103K |
|
|
GNT
2948
GAMCO Natural Resources, Gold & Income Trust
GNT
$137M
| $945K | ﹤0.01% |
191,266
+5,042
| +3% | +$25.7K |
|
2949
Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2 2033
GLDI
$31.1M
| $943K | ﹤0.01% |
7,040
-91
| -1% | -$12.7K |
|
2950
Unifirst Corp
UNF
$5.25B
| $942K | ﹤0.01% |
5,781
+614
| +12% | +$101K |
|
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.