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 | |
|---|---|---|---|---|---|---|
2976
Belden
BDC
$4.98B
| $907K | ﹤0.01% |
9,398
+88
| +0.9% | +$8.22K |
|
2977
DNOW Inc
DNOW
$2.63B
| $907K | ﹤0.01% |
76,432
+928
| +1% | +$10.4K |
|
2978
Modine Manufacturing
MOD
$10.7B
| $907K | ﹤0.01% |
+19,825
| New | +$831K |
|
2979
Global X Alternative Income ETF
ALTY
$45.8M
| $904K | ﹤0.01% |
83,993
+18,698
| +29% | +$208K |
|
2980
Acco Brands
ACCO
$403M
| $903K | ﹤0.01% |
157,240
-7,031
| -4% | -$39.2K |
|
2981
iShares US & Intl High Yield Corp Bond ETF
GHYG
$199M
| $902K | ﹤0.01% |
21,727
+7,876
| +57% | +$333K |
|
2982
Simplify Managed Futures Strategy ETF
CTA
$1.44B
| $901K | ﹤0.01% |
32,713
+1,660
| +5% | +$43.2K |
|
2983
FNB Corp
FNB
$6.9B
| $901K | ﹤0.01% |
83,506
+14,349
| +21% | +$169K |
|
2984
TriplePoint Venture Growth BDC
TPVG
$193M
| $900K | ﹤0.01% |
86,041
+582
| +0.7% | +$6.64K |
|
2985
Armstrong World Industries
AWI
$7.74B
| $900K | ﹤0.01% |
12,497
+153
| +1% | +$11.4K |
|
|
ABOT
2986
Abacus FCF Innovation Leaders ETF
ABOT
$4.2M
| $900K | ﹤0.01% |
+36,197
| New | +$924K |
|
2987
WD-40
WDFC
$3.17B
| $898K | ﹤0.01% |
4,418
+368
| +9% | +$78.7K |
|
2988
Energy Recovery
ERII
$470M
| $896K | ﹤0.01% |
42,246
-20,146
| -32% | -$538K |
|
2989
Shenandoah Telecom
SHEN
$742M
| $896K | ﹤0.01% |
43,466
-6,801
| -14% | -$139K |
|
|
PR
2990
Permian Resources
PR
$17.2B
| $892K | ﹤0.01% |
63,919
-19,032
| -23% | -$239K |
|
2991
CALL
Amazon
AMZN
$2.99T
| $890K | ﹤0.01% |
7,000
+1,000
| +17% | +$134K |
|
|
WBA
2992
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $890K | ﹤0.01% |
+40,000
| New | +$1.06M |
|
2993
Ormat Technologies
ORA
$6.15B
| $890K | ﹤0.01% |
12,723
-2,558
| -17% | -$198K |
|
2994
BlackRock MuniYield Quality Fund III
MYI
$716M
| $890K | ﹤0.01% |
93,149
+14,991
| +19% | +$158K |
|
|
NRO
2995
Neuberger Real Estate Securities Income Fund Inc
NRO
$190M
| $889K | ﹤0.01% |
334,047
-11,807
| -3% | -$33.9K |
|
2996
Brighthouse Financial
BHF
$3.6B
| $889K | ﹤0.01% |
18,167
+2,127
| +13% | +$106K |
|
2997
FT Vest US Equity Deep Buffer ETF July
DJUL
$450M
| $889K | ﹤0.01% |
26,162
+10,350
| +65% | +$360K |
|
|
AL
2998
DELISTED
Air Lease Corp
AL
| $889K | ﹤0.01% |
22,546
+9,357
| +71% | +$385K |
|
2999
BlackRock MuniHoldings Fund
MHD
$603M
| $888K | ﹤0.01% |
86,095
+29,673
| +53% | +$336K |
|
3000
Invesco MSCI Global Timber ETF
CUT
$33.7M
| $885K | ﹤0.01% |
29,345
+10,824
| +58% | +$328K |
|
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.