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 | |
|---|---|---|---|---|---|---|
3326
Business First Bancshares
BFST
$1.04B
| $602K | ﹤0.01% |
32,102
+6,731
| +27% | +$126K |
|
3327
Herc Holdings
HRI
$5.48B
| $602K | ﹤0.01% |
5,060
+2,369
| +88% | +$309K |
|
3328
Trip.com Group
TCOM
$29.8B
| $602K | ﹤0.01% |
17,209
+2,925
| +20% | +$110K |
|
3329
PROG Holdings
PRG
$1.82B
| $602K | ﹤0.01% |
18,117
-3,213
| -15% | -$112K |
|
|
IGA
3330
Voya Global Advantage and Premium Opportunity Fund
IGA
$156M
| $601K | ﹤0.01% |
72,360
-11,754
| -14% | -$98.7K |
|
3331
Genelux
GNLX
$134M
| $600K | ﹤0.01% |
+24,500
| New | +$621K |
|
3332
Marten Transport
MRTN
$1.22B
| $599K | ﹤0.01% |
30,379
-81
| -0.3% | -$1.71K |
|
|
HEP
3333
DELISTED
Holly Energy Partners, L.P.
HEP
| $594K | ﹤0.01% |
27,060
-207
| -0.8% | -$4.33K |
|
3334
Voya Financial
VOYA
$9.07B
| $594K | ﹤0.01% |
8,942
+1,753
| +24% | +$125K |
|
3335
Axsome Therapeutics
AXSM
$10.9B
| $594K | ﹤0.01% |
8,499
-99
| -1% | -$7.4K |
|
3336
Nuveen Municipal Income
NMI
$130M
| $593K | ﹤0.01% |
68,992
-2,387
| -3% | -$22.1K |
|
3337
Alpha Architect International Quantitative Momentum ETF
IMOM
$153M
| $593K | ﹤0.01% |
24,165
+2,070
| +9% | +$52.6K |
|
3338
Warrior Met Coal
HCC
$4.25B
| $592K | ﹤0.01% |
11,599
+1,255
| +12% | +$52.7K |
|
3339
Westlake Chemical Partners
WLKP
$750M
| $591K | ﹤0.01% |
27,184
-1,293
| -5% | -$28.9K |
|
3340
Invesco S&P SmallCap Utilities & Communication Services ETF
PSCU
$17.5M
| $591K | ﹤0.01% |
11,973
+103
| +0.9% | +$5.46K |
|
3341
Biohaven
BHVN
$2.01B
| $589K | ﹤0.01% |
22,648
-2,027
| -8% | -$42.1K |
|
|
ETX
3342
Eaton Vance Municipal Income 2028 Term Trust
ETX
$199M
| $588K | ﹤0.01% |
34,691
-3,890
| -10% | -$67.2K |
|
|
GORV
3343
DELISTED
Lazydays
GORV
| $587K | ﹤0.01% |
2,575
-143
| -5% | -$47.1K |
|
3344
Autoliv
ALV
$9.07B
| $587K | ﹤0.01% |
6,082
-693
| -10% | -$66.4K |
|
3345
Union Bankshares
UNB
$109M
| $584K | ﹤0.01% |
27,209
+874
| +3% | +$19.4K |
|
|
ARIS
3346
DELISTED
Aris Water Solutions
ARIS
| $584K | ﹤0.01% |
+58,507
| New | +$623K |
|
3347
SL Green Realty
SLG
$3.85B
| $583K | ﹤0.01% |
15,641
+1,465
| +10% | +$52.6K |
|
3348
Papa John's
PZZA
$1.02B
| $583K | ﹤0.01% |
8,544
+2,201
| +35% | +$170K |
|
|
JHS
3349
John Hancock Income Securities Trust
JHS
$127M
| $582K | ﹤0.01% |
56,750
-9,352
| -14% | -$100K |
|
|
WIW
3350
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
| $581K | ﹤0.01% |
70,602
-160,130
| -69% | -$1.4M |
|
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.