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 | |
|---|---|---|---|---|---|---|
3176
Mueller Industries
MLI
$15.1B
| $731K | ﹤0.01% |
38,904
+428
| +1% | +$8.47K |
|
3177
OR Royalties Inc
OR
$5.84B
| $731K | ﹤0.01% |
62,173
-8,103
| -12% | -$111K |
|
3178
ProShares Short High Yield
SJB
$47.7M
| $730K | ﹤0.01% |
39,592
-38,532
| -49% | -$707K |
|
3179
TechTarget
TTGT
$307M
| $730K | ﹤0.01% |
24,098
+2,243
| +10% | +$68.3K |
|
3180
Mayville Engineering Co
MEC
$696M
| $730K | ﹤0.01% |
66,515
-1,250
| -2% | -$14.4K |
|
|
LSST
3181
DELISTED
Natixis Loomis Sayles Short Duration Income ETF
LSST
| $729K | ﹤0.01% |
31,018
+18,705
| +152% | +$441K |
|
|
ABLD
3182
Abacus FCF Real Assets Leaders ETF
ABLD
$94M
| $728K | ﹤0.01% |
+26,776
| New | +$738K |
|
|
ERF
3183
DELISTED
Enerplus Corporation
ERF
| $727K | ﹤0.01% |
41,263
+3,669
| +10% | +$60.7K |
|
3184
CrossAmerica Partners
CAPL
$810M
| $727K | ﹤0.01% |
33,525
-1,455
| -4% | -$28.8K |
|
3185
Itron
ITRI
$4.51B
| $726K | ﹤0.01% |
11,979
-306
| -2% | -$21K |
|
3186
Worthington Enterprises
WOR
$2.87B
| $725K | ﹤0.01% |
19,029
+2,496
| +15% | +$110K |
|
3187
Boise Cascade
BCC
$3.06B
| $725K | ﹤0.01% |
7,038
+1,888
| +37% | +$194K |
|
|
KMF
3188
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
| $724K | ﹤0.01% |
101,692
+79,163
| +351% | +$583K |
|
3189
Kulicke & Soffa
KLIC
$4.87B
| $723K | ﹤0.01% |
14,872
+798
| +6% | +$42.3K |
|
3190
Dave & Buster's
PLAY
$373M
| $723K | ﹤0.01% |
19,501
+183
| +0.9% | +$7.47K |
|
3191
Hancock Whitney
HWC
$6.33B
| $723K | ﹤0.01% |
19,538
+510
| +3% | +$20.8K |
|
3192
ICL Group
ICL
$6.62B
| $721K | ﹤0.01% |
129,974
-25,935
| -17% | -$156K |
|
3193
Franklin FTSE Europe ETF
FLEE
$120M
| $721K | ﹤0.01% |
28,330
-3,495
| -11% | -$93K |
|
3194
National Bankshares
NKSH
$261M
| $720K | ﹤0.01% |
28,753
+1,000
| +4% | +$27.7K |
|
3195
Nuveen Credit Strategies Income Fund
JQC
$707M
| $719K | ﹤0.01% |
142,138
+11,062
| +8% | +$56.1K |
|
|
GAP
3196
The Gap Inc
GAP
$7.47B
| $719K | ﹤0.01% |
67,603
-1,449
| -2% | -$14.8K |
|
3197
Xtrackers MSCI Emerging Markets Hedged Equity ETF
DBEM
$108M
| $717K | ﹤0.01% |
32,695
+15,950
| +95% | +$361K |
|
3198
Huntsman Corp
HUN
$1.79B
| $716K | ﹤0.01% |
29,339
-27,113
| -48% | -$735K |
|
3199
Fidelity Momentum Factor ETF
FDMO
$954M
| $716K | ﹤0.01% |
15,331
+285
| +2% | +$13.8K |
|
|
PCF
3200
High Income Securities Fund
PCF
$99.2M
| $715K | ﹤0.01% |
115,468
+29,950
| +35% | +$195K |
|
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.