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 | |
|---|---|---|---|---|---|---|
3451
Brookfield Renewable
BEPC
$6.23B
| $528K | ﹤0.01% |
22,059
-405
| -2% | -$11.8K |
|
3452
ARK Israel Innovative Technology ETF
IZRL
$140M
| $526K | ﹤0.01% |
28,461
-340
| -1% | -$6.5K |
|
3453
Fomento Económico Mexicano
FMX
$42.8B
| $525K | ﹤0.01% |
+4,808
| New | +$534K |
|
3454
Community Health Systems
CYH
$412M
| $524K | ﹤0.01% |
180,791
-2,820
| -2% | -$10.4K |
|
3455
Recursion Pharmaceuticals
RXRX
$1.69B
| $523K | ﹤0.01% |
68,410
+17,205
| +34% | +$172K |
|
3456
ProShares S&P 500 ex-Energy ETF
SPXE
$84.9M
| $523K | ﹤0.01% |
11,524
+2,976
| +35% | +$141K |
|
|
CIL
3457
DELISTED
VictoryShares International Volatility Wtd ETF
CIL
| $522K | ﹤0.01% |
13,687
+80
| +0.6% | +$3.17K |
|
3458
State Street SPDR S&P Kensho Smart Mobility ETF
HAIL
$19.3M
| $520K | ﹤0.01% |
16,841
-1,246
| -7% | -$42K |
|
3459
BioLife Solutions
BLFS
$1.57B
| $519K | ﹤0.01% |
37,577
+3,196
| +9% | +$50.4K |
|
3460
Vident US Equity Strategy ETF
VUSE
$683M
| $519K | ﹤0.01% |
11,074
+144
| +1% | +$6.91K |
|
|
GGN
3461
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$770M
| $518K | ﹤0.01% |
141,647
-11,440
| -7% | -$43K |
|
3462
Greif
GEF
$4.93B
| $518K | ﹤0.01% |
7,749
-580
| -7% | -$41.1K |
|
3463
Spectrum Brands
SPB
$2.04B
| $517K | ﹤0.01% |
6,604
+429
| +7% | +$33.8K |
|
3464
Calix
CALX
$2.35B
| $517K | ﹤0.01% |
11,271
+828
| +8% | +$37.5K |
|
3465
Tilray
TLRY
$632M
| $514K | ﹤0.01% |
21,526
-3,872
| -15% | -$91.4K |
|
3466
Li Auto
LI
$12.9B
| $514K | ﹤0.01% |
14,408
-1,790
| -11% | -$70.6K |
|
|
SPPP
3467
Sprott Physical Platinum and Palladium Trust
SPPP
$574M
| $512K | ﹤0.01% |
47,555
+11,448
| +32% | +$126K |
|
3468
Algoma Steel
ASTL
$413M
| $512K | ﹤0.01% |
75,315
-30,750
| -29% | -$221K |
|
|
RCM
3469
DELISTED
R1 RCM Inc. Common Stock
RCM
| $511K | ﹤0.01% |
33,901
-1,356
| -4% | -$22.8K |
|
3470
WisdomTree International MidCap Dividend Fund
DIM
$167M
| $511K | ﹤0.01% |
9,093
-1,604
| -15% | -$93.3K |
|
3471
Global X FTSE Southeast Asia ETF
ASEA
$101M
| $510K | ﹤0.01% |
35,055
+9,560
| +37% | +$143K |
|
3472
Cathay General Bancorp
CATY
$4.27B
| $510K | ﹤0.01% |
14,660
-685
| -4% | -$24.5K |
|
|
EQC
3473
DELISTED
Equity Commonwealth
EQC
| $509K | ﹤0.01% |
27,717
-11,440
| -29% | -$222K |
|
3474
Strategic Education
STRA
$1.89B
| $508K | ﹤0.01% |
6,752
+154
| +2% | +$11.3K |
|
3475
Arrowhead Research
ARWR
$12.1B
| $507K | ﹤0.01% |
18,879
+2,241
| +13% | +$68.7K |
|
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.