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 | |
|---|---|---|---|---|---|---|
3626
Reynolds Consumer Products
REYN
$5.33B
| $418K | ﹤0.01% |
16,298
-815
| -5% | -$22.2K |
|
|
NBXG
3627
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.16B
| $418K | ﹤0.01% |
40,087
+15,615
| +64% | +$168K |
|
3628
JPMorgan Realty Income ETF
JPRE
$490M
| $418K | ﹤0.01% |
10,723
-455
| -4% | -$19.1K |
|
|
PPI
3629
AXS Astoria Inflation Sensitive ETF
PPI
$157M
| $418K | ﹤0.01% |
32,604
+1,710
| +6% | +$22.3K |
|
3630
Cass Information Systems
CASS
$725M
| $415K | ﹤0.01% |
11,153
+858
| +8% | +$32.9K |
|
3631
Albany International
AIN
$2.16B
| $415K | ﹤0.01% |
4,815
+253
| +6% | +$23K |
|
3632
Royalty Pharma
RPRX
$25.5B
| $415K | ﹤0.01% |
15,283
-3,555
| -19% | -$106K |
|
3633
CALL
Autodesk
ADSK
$50.3B
| $414K | ﹤0.01% |
2,000
| – | – |
|
|
HEES
3634
DELISTED
H&E Equipment Services
HEES
| $414K | ﹤0.01% |
9,580
-1,310
| -12% | -$59.7K |
|
3635
Hecla Mining
HL
$9.51B
| $414K | ﹤0.01% |
105,781
-9,535
| -8% | -$45.7K |
|
|
ABLG
3636
Abacus FCF International Leaders ETF
ABLG
$16M
| $413K | ﹤0.01% |
+15,660
| New | +$425K |
|
|
WCBR
3637
WisdomTree Cybersecurity Fund
WCBR
$109M
| $413K | ﹤0.01% |
20,229
+635
| +3% | +$12.7K |
|
3638
Applied Optoelectronics
AAOI
$8.08B
| $413K | ﹤0.01% |
37,666
+24,401
| +184% | +$259K |
|
3639
Terreno Realty
TRNO
$7.61B
| $413K | ﹤0.01% |
7,269
+3,349
| +85% | +$199K |
|
|
JHI
3640
John Hancock Investors Trust
JHI
$117M
| $412K | ﹤0.01% |
33,870
+6,837
| +25% | +$86.7K |
|
3641
Invesco Bloomberg Analyst Rating Improvers ETF
UPGD
$118M
| $411K | ﹤0.01% |
7,376
-2,003
| -21% | -$117K |
|
3642
CALL
Bank of America
BAC
$438B
| $411K | ﹤0.01% |
15,000
| – | – |
|
3643
Sonos
SONO
$1.83B
| $410K | ﹤0.01% |
31,737
+5,535
| +21% | +$82.1K |
|
3644
Option Care Health
OPCH
$3.59B
| $410K | ﹤0.01% |
12,663
+664
| +6% | +$22.4K |
|
3645
Arrow Dow Jones Global Yield ETF
GYLD
$37.8M
| $409K | ﹤0.01% |
33,056
+992
| +3% | +$12.6K |
|
3646
Capri Holdings
CPRI
$1.87B
| $409K | ﹤0.01% |
7,765
-742
| -9% | -$33.7K |
|
3647
Constellium
CSTM
$3.7B
| $408K | ﹤0.01% |
22,443
-1,230
| -5% | -$21.7K |
|
3648
Meritage Homes
MTH
$4.71B
| $407K | ﹤0.01% |
6,658
+318
| +5% | +$21.9K |
|
3649
Sabre
SABR
$787M
| $407K | ﹤0.01% |
90,577
+5,726
| +7% | +$26K |
|
3650
BlackRock Enhanced International Dividend Trust
BGY
$527M
| $407K | ﹤0.01% |
81,480
-3,107
| -4% | -$16.4K |
|
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.