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 | |
|---|---|---|---|---|---|---|
|
SNV
3201
DELISTED
Synovus
SNV
| $715K | ﹤0.01% |
25,710
-21,148
| -45% | -$662K |
|
|
TPC
3202
Tutor Perini Cor
TPC
$4.51B
| $715K | ﹤0.01% |
91,255
-105
| -0.1% | -$862 |
|
|
EDF
3203
Virtus Stone Harbor Emerging Markets Income Fund
EDF
$167M
| $714K | ﹤0.01% |
161,536
+3,012
| +2% | +$13.9K |
|
|
TBLD
3204
Thornburg Income Builder Opportunities Trust
TBLD
$708M
| $713K | ﹤0.01% |
48,819
+975
| +2% | +$14.8K |
|
3205
Delek US
DK
$4.05B
| $712K | ﹤0.01% |
25,073
-3,124
| -11% | -$84.4K |
|
3206
WhiteHorse Finance
WHF
$140M
| $710K | ﹤0.01% |
55,633
+671
| +1% | +$8.73K |
|
3207
Certara
CERT
$1.27B
| $708K | ﹤0.01% |
49,074
+6,529
| +15% | +$110K |
|
3208
Occidental Petroleum Corp Warrants
OXY.WS
$31.5B
| $708K | ﹤0.01% |
16,369
+43
| +0.3% | +$1.76K |
|
3209
FlexShares Disciplined Duration MBS Index Fund
MBSD
$88.6M
| $708K | ﹤0.01% |
35,865
-12,693
| -26% | -$255K |
|
3210
Achieve Life Sciences
ACHV
$649M
| $707K | ﹤0.01% |
164,500
+16,500
| +11% | +$83.2K |
|
3211
Invesco CurrencyShares Japanese Yen Trust
FXY
$453M
| $706K | ﹤0.01% |
11,358
-1,310
| -10% | -$84.3K |
|
3212
Dycom Industries
DY
$12.5B
| $706K | ﹤0.01% |
7,935
+3,746
| +89% | +$374K |
|
3213
Carlyle Secured Lending
CGBD
$713M
| $706K | ﹤0.01% |
48,693
+3,295
| +7% | +$49.3K |
|
3214
Viasat
VSAT
$11.2B
| $705K | ﹤0.01% |
38,167
-5,429
| -12% | -$155K |
|
|
AY
3215
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $704K | ﹤0.01% |
36,867
+5,393
| +17% | +$122K |
|
3216
iShares ESG Screened S&P Mid-Cap ETF
XJH
$423M
| $703K | ﹤0.01% |
20,750
+3,493
| +20% | +$124K |
|
|
OSG
3217
Octave Specialty Group
OSG
$255M
| $703K | ﹤0.01% |
58,274
-4,748
| -8% | -$63.8K |
|
3218
Invesco Golden Dragon China ETF
PGJ
$99M
| $703K | ﹤0.01% |
25,965
-15,068
| -37% | -$427K |
|
3219
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
PEZ
$22.9M
| $701K | ﹤0.01% |
10,812
-100
| -0.9% | -$6.95K |
|
3220
Pacer Swan SOS Fund of Funds ETF
PSFF
$596M
| $700K | ﹤0.01% |
28,950
-425
| -1% | -$10.4K |
|
3221
Invesco S&P Emerging Markets Momentum ETF
EEMO
$23.1M
| $698K | ﹤0.01% |
49,879
+4,501
| +10% | +$64.2K |
|
3222
GitLab
GTLB
$6.01B
| $695K | ﹤0.01% |
15,379
+3,210
| +26% | +$154K |
|
3223
Gerdau
GGB
$9.93B
| $694K | ﹤0.01% |
174,707
-103,777
| -37% | -$461K |
|
3224
Independent Bank
INDB
$4.05B
| $694K | ﹤0.01% |
14,142
+8,179
| +137% | +$435K |
|
3225
Universal Corp
UVV
$1.3B
| $692K | ﹤0.01% |
14,657
+3,503
| +31% | +$169K |
|
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.