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 | |
|---|---|---|---|---|---|---|
301
Wells Fargo
WFC
$254B
| $79.5M | 0.06% |
1,946,785
+58,878
| +3% | +$2.54M |
|
302
Mondelez International
MDLZ
$82.9B
| $79.3M | 0.06% |
1,143,370
+98,809
| +9% | +$7.12M |
|
303
iShares Silver Trust
SLV
$27.7B
| $78.9M | 0.06% |
3,877,444
-251,729
| -6% | -$5.44M |
|
304
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.12B
| $78.8M | 0.06% |
1,562,506
+266,857
| +21% | +$13.5M |
|
305
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.33B
| $77.8M | 0.05% |
535,739
-1,216
| -0.2% | -$181K |
|
306
Crown Castle
CCI
$34.6B
| $77M | 0.05% |
836,785
+44,190
| +6% | +$4.58M |
|
307
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $76.9M | 0.05% |
1,042,868
-9,417
| -0.9% | -$703K |
|
|
VPU
308
Vanguard Utilities ETF
VPU
$8.56B
| $76.4M | 0.05% |
598,946
+3,825
| +0.6% | +$535K |
|
309
American Express
AXP
$224B
| $76M | 0.05% |
509,113
+9,238
| +2% | +$1.51M |
|
310
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.41B
| $75.9M | 0.05% |
1,119,391
+34,128
| +3% | +$2.38M |
|
311
VanEck Gold Miners ETF
GDX
$22.5B
| $75.4M | 0.05% |
2,802,335
-209,653
| -7% | -$6.18M |
|
312
iShares Short Maturity Bond ETF
NEAR
$4.82B
| $75.4M | 0.05% |
1,511,344
-5,364
| -0.4% | -$267K |
|
313
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.1B
| $74.8M | 0.05% |
737,689
+114,649
| +18% | +$12M |
|
314
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.07B
| $74.8M | 0.05% |
2,762,840
+431,597
| +19% | +$11.9M |
|
315
Eaton
ETN
$141B
| $74.7M | 0.05% |
350,651
+35,820
| +11% | +$7.72M |
|
316
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $74.7M | 0.05% |
1,632,286
+50,250
| +3% | +$2.29M |
|
317
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.41B
| $74.6M | 0.05% |
1,903,404
-195,000
| -9% | -$8.04M |
|
318
Truist Financial
TFC
$63.9B
| $74.4M | 0.05% |
2,601,119
+244,004
| +10% | +$7.5M |
|
319
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.54B
| $74.4M | 0.05% |
502,916
+300,166
| +148% | +$43M |
|
320
Morgan Stanley
MS
$319B
| $74.3M | 0.05% |
909,480
+41,529
| +5% | +$3.61M |
|
|
321
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $74M | 0.05% |
173,200
+60,500
| +54% | +$26.9M |
|
322
Invesco S&P SmallCap Value with Momentum ETF
XSVM
$679M
| $73.7M | 0.05% |
1,531,387
+252,520
| +20% | +$12.3M |
|
323
iShares MSCI USA Value Factor ETF
VLUE
$9.03B
| $73.6M | 0.05% |
811,565
-116,268
| -13% | -$11M |
|
324
Texas Instruments
TXN
$248B
| $73.6M | 0.05% |
462,666
+65,580
| +17% | +$11.2M |
|
325
Invesco FTSE RAFI US 1000 ETF
PRF
$9.72B
| $73.3M | 0.05% |
2,302,651
+28,981
| +1% | +$956K |
|
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.