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 | |
|---|---|---|---|---|---|---|
3001
Avista
AVA
$3.28B
| $882K | ﹤0.01% |
27,258
-4,152
| -13% | -$148K |
|
3002
Nuveen California Municipal Value Fund
NCA
$300M
| $882K | ﹤0.01% |
107,430
+4,986
| +5% | +$42.7K |
|
3003
RCI Hospitality Holdings
RICK
$195M
| $882K | ﹤0.01% |
14,540
-35
| -0.2% | -$2.35K |
|
3004
Invesco Bond Fund
VBF
$169M
| $882K | ﹤0.01% |
60,945
+1,611
| +3% | +$23.9K |
|
3005
Melco Resorts & Entertainment
MLCO
$2.17B
| $882K | ﹤0.01% |
89,154
+15,623
| +21% | +$181K |
|
3006
FT Vest US Equity Buffer ETF October
FOCT
$1.18B
| $881K | ﹤0.01% |
24,117
+15,050
| +166% | +$569K |
|
3007
Bath & Body Works
BBWI
$4.24B
| $880K | ﹤0.01% |
26,041
-528
| -2% | -$19.2K |
|
|
EDR
3008
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $879K | ﹤0.01% |
44,156
+12,685
| +40% | +$291K |
|
3009
Vipshop
VIPS
$7.49B
| $878K | ﹤0.01% |
54,852
-8,055
| -13% | -$131K |
|
3010
Andersons Inc
ANDE
$2.54B
| $877K | ﹤0.01% |
+17,017
| New | +$853K |
|
|
PMM
3011
Franklin Managed Municipal Income Trust
PMM
$268M
| $876K | ﹤0.01% |
160,172
-2,413
| -1% | -$14.1K |
|
3012
Northwest Bancshares
NWBI
$2.34B
| $876K | ﹤0.01% |
85,627
+14,187
| +20% | +$158K |
|
3013
Zillow
Z
$8.3B
| $875K | ﹤0.01% |
18,946
-12,111
| -39% | -$623K |
|
3014
Columbia Banking Systems
COLB
$8.99B
| $872K | ﹤0.01% |
42,978
+4,284
| +11% | +$89.4K |
|
3015
Primoris Services
PRIM
$4.93B
| $872K | ﹤0.01% |
26,653
-373
| -1% | -$12.2K |
|
|
WINC
3016
DELISTED
Western Asset Short Duration Income ETF
WINC
| $872K | ﹤0.01% |
37,347
-9,326
| -20% | -$218K |
|
3017
Rapid7
RPD
$720M
| $871K | ﹤0.01% |
19,023
-488
| -3% | -$22.5K |
|
3018
Core Alternative Capital
CCOR
$28.1M
| $871K | ﹤0.01% |
31,541
-5,657
| -15% | -$158K |
|
3019
Sanmina
SANM
$11.1B
| $870K | ﹤0.01% |
16,024
+10,955
| +216% | +$616K |
|
3020
NewMarket
NEU
$8.18B
| $868K | ﹤0.01% |
1,907
-20
| -1% | -$9.03K |
|
3021
Kontoor Brands
KTB
$4.61B
| $866K | ﹤0.01% |
19,731
-408
| -2% | -$17.9K |
|
3022
iShares iBonds Dec 2032 Term Corporate ETF
IBDX
$1.72B
| $865K | ﹤0.01% |
36,831
+4,483
| +14% | +$108K |
|
|
NVMI
3023
Nova
NVMI
$13.2B
| $864K | ﹤0.01% |
7,687
+98
| +1% | +$11.5K |
|
3024
Invesco Dorsey Wright Financial Momentum ETF
PFI
$61M
| $864K | ﹤0.01% |
20,857
-994
| -5% | -$43K |
|
|
XHR
3025
Xenia Hotels & Resorts
XHR
$1.89B
| $863K | ﹤0.01% |
73,296
+10,460
| +17% | +$126K |
|
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.