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 | |
|---|---|---|---|---|---|---|
3551
Flowserve
FLS
$9.76B
| $465K | ﹤0.01% |
11,680
+484
| +4% | +$18.7K |
|
|
FIF
3552
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
| $462K | ﹤0.01% |
30,515
-658
| -2% | -$10K |
|
|
PEO
3553
Adams Natural Resources Fund
PEO
$737M
| $461K | ﹤0.01% |
20,709
-3,143
| -13% | -$68.1K |
|
3554
LXP Industrial Trust
LXP
$3.57B
| $460K | ﹤0.01% |
10,347
+137
| +1% | +$6.72K |
|
3555
ProShares MSCI Europe Dividend Growers ETF
EUDV
$8.36M
| $460K | ﹤0.01% |
10,939
+1,900
| +21% | +$84.3K |
|
3556
PUT
iShares Russell 2000 ETF
IWM
$81.4B
| $460K | ﹤0.01% |
2,600
-2,500
| -49% | -$469K |
|
3557
Global X Data Center & Digital Infrastructure ETF
DTCR
$2.32B
| $459K | ﹤0.01% |
36,114
-1,772
| -5% | -$23.7K |
|
3558
Valvoline
VVV
$4.96B
| $459K | ﹤0.01% |
14,235
-2,327
| -14% | -$81.8K |
|
3559
Host Hotels & Resorts
HST
$17.2B
| $459K | ﹤0.01% |
28,549
+5,120
| +22% | +$85.3K |
|
3560
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.54B
| $458K | ﹤0.01% |
17,615
-1,341
| -7% | -$35.9K |
|
3561
Westrock Coffee
WEST
$802M
| $458K | ﹤0.01% |
51,700
-1,600
| -3% | -$16.7K |
|
3562
AllianzIM U.S. Equity Buffer20 Oct ETF
OCTW
$323M
| $457K | ﹤0.01% |
14,713
-6,083
| -29% | -$187K |
|
|
BFK
3563
DELISTED
BlackRock Municipal Income Trust
BFK
| $456K | ﹤0.01% |
51,448
-15,926
| -24% | -$155K |
|
3564
Arcosa
ACA
$7.13B
| $456K | ﹤0.01% |
6,345
-95
| -1% | -$7.21K |
|
|
FM
3565
DELISTED
iShares Frontier and Select EM ETF
FM
| $456K | ﹤0.01% |
17,597
-3,267
| -16% | -$88.1K |
|
|
CUK
3566
DELISTED
Carnival PLC
CUK
| $456K | ﹤0.01% |
37,189
+1,879
| +5% | +$28.2K |
|
3567
American Outdoor Brands
AOUT
$161M
| $455K | ﹤0.01% |
+46,516
| New | +$434K |
|
3568
Avient
AVNT
$3.39B
| $454K | ﹤0.01% |
12,863
+244
| +2% | +$9.45K |
|
|
GOGL
3569
DELISTED
Golden Ocean Group
GOGL
| $452K | ﹤0.01% |
57,370
-1,864
| -3% | -$14K |
|
3570
Safety Insurance
SAFT
$1.52B
| $451K | ﹤0.01% |
6,609
+1,500
| +29% | +$104K |
|
3571
First Trust SkyBridge Crypto Industry and Digital Economy ETF
CRPT
$84.8M
| $450K | ﹤0.01% |
91,143
+8,841
| +11% | +$55.6K |
|
3572
Nordic American Tanker
NAT
$1.36B
| $450K | ﹤0.01% |
109,216
+66,556
| +156% | +$266K |
|
3573
Rocket Lab Corp
RKLB
$43.6B
| $449K | ﹤0.01% |
102,574
+23,571
| +30% | +$143K |
|
3574
Federated Hermes
FHI
$4.75B
| $449K | ﹤0.01% |
13,259
+1,756
| +15% | +$60.5K |
|
3575
Highwoods Properties
HIW
$3.69B
| $449K | ﹤0.01% |
21,776
+429
| +2% | +$10.2K |
|
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.