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 | |
|---|---|---|---|---|---|---|
326
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $73.2M | 0.05% |
1,473,146
+169,004
| +13% | +$8.41M |
|
327
General Dynamics
GD
$103B
| $73M | 0.05% |
330,175
+50,556
| +18% | +$11.2M |
|
328
WisdomTree US MidCap Dividend Fund
DON
$4.05B
| $72.8M | 0.05% |
1,777,071
+212,568
| +14% | +$9.06M |
|
329
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.76B
| $72.8M | 0.05% |
1,121,915
+108,439
| +11% | +$7.44M |
|
330
Schwab International Equity ETF
SCHF
$64.9B
| $72M | 0.05% |
4,239,836
+515,840
| +14% | +$9.11M |
|
331
Ford
F
$60.9B
| $71.7M | 0.05% |
5,774,031
-132,310
| -2% | -$1.72M |
|
332
ServiceNow
NOW
$120B
| $71.6M | 0.05% |
640,515
+123,880
| +24% | +$14.1M |
|
333
FedEx
FDX
$73B
| $71.4M | 0.05% |
269,695
+6,748
| +3% | +$1.75M |
|
334
JPMorgan BetaBuilders US Equity ETF
BBUS
$8.63B
| $71.3M | 0.05% |
924,666
+149,967
| +19% | +$12M |
|
335
iShare MSCI Eurozone ETF
EZU
$9.38B
| $71.2M | 0.05% |
1,685,686
+86,608
| +5% | +$3.88M |
|
|
BSCN
336
DELISTED
Invesco BulletShares 2023 Corporate Bond ETF
BSCN
| $71M | 0.05% |
3,345,080
-335,205
| -9% | -$7.11M |
|
337
US Bancorp
USB
$97.9B
| $71M | 0.05% |
2,146,339
+182,340
| +9% | +$6.64M |
|
338
American Electric Power
AEP
$70.4B
| $70.8M | 0.05% |
940,580
+42,928
| +5% | +$3.49M |
|
339
Danaher
DHR
$138B
| $70.6M | 0.05% |
321,110
+19,761
| +7% | +$4.41M |
|
340
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$750M
| $70.5M | 0.05% |
1,261,362
-288,059
| -19% | -$16.4M |
|
341
Vanguard International Dividend Appreciation ETF
VIGI
$9.01B
| $70.4M | 0.05% |
987,626
+41,925
| +4% | +$3.12M |
|
342
Phillips 66
PSX
$82.9B
| $70.2M | 0.05% |
583,922
-7,566
| -1% | -$849K |
|
343
Emerson Electric
EMR
$81.6B
| $69.6M | 0.05% |
720,954
+76,058
| +12% | +$7.24M |
|
344
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.6B
| $69.6M | 0.05% |
962,961
-210,622
| -18% | -$15.9M |
|
|
SCHV
345
Schwab US Large-Cap Value ETF
SCHV
$15.6B
| $69.5M | 0.05% |
3,236,031
-22,695
| -0.7% | -$510K |
|
|
NVO
346
Novo Nordisk
NVO
$228B
| $69.2M | 0.05% |
760,846
+158,628
| +26% | +$14M |
|
347
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.71B
| $69M | 0.05% |
663,246
+233,202
| +54% | +$25.1M |
|
348
Oneok
OKE
$56.7B
| $68.9M | 0.05% |
1,085,477
+316,664
| +41% | +$20.7M |
|
349
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.13B
| $68.5M | 0.05% |
624,906
+13,454
| +2% | +$1.55M |
|
350
iShares US Infrastructure ETF
IFRA
$4.45B
| $68.2M | 0.05% |
1,863,939
-15,935
| -0.8% | -$620K |
|
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.