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 | |
|---|---|---|---|---|---|---|
3351
StoneCo
STNE
$2.76B
| $580K | ﹤0.01% |
54,368
+7,166
| +15% | +$88.2K |
|
3352
USCF Midstream Energy Income Fund
UMI
$504M
| $580K | ﹤0.01% |
16,428
+1,558
| +10% | +$54.9K |
|
3353
iShares MSCI Emerging Markets Asia ETF
EEMA
$840M
| $580K | ﹤0.01% |
9,210
-2,567
| -22% | -$169K |
|
|
KTF
3354
DWS Municipal Income Trust
KTF
$347M
| $580K | ﹤0.01% |
75,304
-11,240
| -13% | -$94.5K |
|
3355
WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund
CXSE
$493M
| $580K | ﹤0.01% |
19,593
-115,751
| -86% | -$3.62M |
|
3356
National Health Investors
NHI
$3.68B
| $580K | ﹤0.01% |
11,287
+710
| +7% | +$37.1K |
|
3357
Vanguard Total World Bond ETF
BNDW
$1.88B
| $580K | ﹤0.01% |
8,738
+182
| +2% | +$12.3K |
|
|
PPLI
3358
People Inc
PPLI
$3.13B
| $579K | ﹤0.01% |
14,004
+1,653
| +13% | +$80.2K |
|
3359
RCM Technologies
RCMT
$202M
| $577K | ﹤0.01% |
29,554
-2,883
| -9% | -$56.6K |
|
3360
California Water Service
CWT
$3.05B
| $577K | ﹤0.01% |
12,201
-1,138
| -9% | -$57.6K |
|
3361
Transcat
TRNS
$838M
| $577K | ﹤0.01% |
5,891
-76
| -1% | -$7.26K |
|
3362
Century Communities
CCS
$1.96B
| $576K | ﹤0.01% |
8,629
-1,552
| -15% | -$113K |
|
3363
Cabaletta Bio
CABA
$439M
| $576K | ﹤0.01% |
37,861
+6,258
| +20% | +$85.5K |
|
3364
Tidewater
TDW
$3.55B
| $576K | ﹤0.01% |
8,102
+3,336
| +70% | +$211K |
|
3365
NOV
NOV
$6.94B
| $575K | ﹤0.01% |
27,514
-9,510
| -26% | -$189K |
|
3366
Hanover Insurance
THG
$8.09B
| $574K | ﹤0.01% |
5,173
+705
| +16% | +$77.7K |
|
|
MLNK
3367
DELISTED
MeridianLink
MLNK
| $574K | ﹤0.01% |
33,622
-7,200
| -18% | -$136K |
|
3368
Upbound Group
UPBD
$1.18B
| $574K | ﹤0.01% |
+19,475
| New | +$607K |
|
3369
Tenable Holdings
TENB
$3.86B
| $573K | ﹤0.01% |
12,793
+549
| +4% | +$24.7K |
|
3370
FT Vest US Equity Moderate Buffer ETF June
GJUN
$526M
| $573K | ﹤0.01% |
+19,337
| New | +$584K |
|
|
COOP
3371
DELISTED
Mr. Cooper
COOP
| $572K | ﹤0.01% |
10,686
-1,121
| -9% | -$61.6K |
|
3372
Innovator US Equity Ultra Buffer ETF January
UJAN
$270M
| $572K | ﹤0.01% |
17,552
+1,325
| +8% | +$43.6K |
|
3373
Smith & Wesson
SWBI
$660M
| $572K | ﹤0.01% |
44,272
-74,679
| -63% | -$933K |
|
3374
Vanguard US Multifactor ETF
VFMF
$730M
| $571K | ﹤0.01% |
5,532
+300
| +6% | +$31.7K |
|
3375
Stratasys
SSYS
$706M
| $571K | ﹤0.01% |
41,959
-13,555
| -24% | -$214K |
|
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.