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 | |
|---|---|---|---|---|---|---|
3676
AAR Corp
AIR
$5.59B
| $394K | ﹤0.01% |
6,611
+998
| +18% | +$59.4K |
|
3677
Invesco Oil & Gas Services ETF
PXJ
$65.9M
| $393K | ﹤0.01% |
12,752
+1,723
| +16% | +$50.3K |
|
3678
PUT
Vanguard S&P 500 ETF
VOO
$979B
| $393K | ﹤0.01% |
+1,000
| New | +$409K |
|
|
EVBG
3679
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $393K | ﹤0.01% |
17,514
-14,343
| -45% | -$370K |
|
3680
Q2 Holdings
QTWO
$3.8B
| $392K | ﹤0.01% |
12,133
-491
| -4% | -$16.3K |
|
3681
Angel Oak UltraShort Income ETF
UYLD
$1.57B
| $391K | ﹤0.01% |
+7,722
| New | +$390K |
|
3682
MoonLake Immunotherapeutics
MLTX
$1.57B
| $391K | ﹤0.01% |
6,862
+767
| +13% | +$42.3K |
|
|
WTPI
3683
WisdomTree Equity Premium Income Fund
WTPI
$494M
| $391K | ﹤0.01% |
12,731
+3,486
| +38% | +$112K |
|
3684
iShares International Developed Real Estate ETF
IFGL
$83.1M
| $390K | ﹤0.01% |
20,558
-1,836
| -8% | -$36.8K |
|
3685
PUT
Jackson Financial
JXN
$8.53B
| $390K | ﹤0.01% |
+10,200
| New | +$356K |
|
3686
Beam Therapeutics
BEAM
$2.63B
| $389K | ﹤0.01% |
16,188
-11,831
| -42% | -$317K |
|
|
MAV
3687
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
| $388K | ﹤0.01% |
57,702
-4,105
| -7% | -$31.2K |
|
3688
RXO
RXO
$3.34B
| $388K | ﹤0.01% |
19,647
+3,365
| +21% | +$66.3K |
|
3689
CALL
Spotify
SPOT
$103B
| $387K | ﹤0.01% |
2,500
| – | – |
|
3690
Fluence Energy
FLNC
$1.85B
| $386K | ﹤0.01% |
16,810
+1,026
| +7% | +$26.5K |
|
|
CIF
3691
DELISTED
MFS Intermediate High Income Fund
CIF
| $386K | ﹤0.01% |
245,919
-168,207
| -41% | -$277K |
|
3692
PUT
Berkshire Hathaway Class B
BRK.B
$1.1T
| $385K | ﹤0.01% |
1,100
+200
| +22% | +$71K |
|
|
MAG
3693
DELISTED
MAG Silver
MAG
| $385K | ﹤0.01% |
37,132
+2,435
| +7% | +$27.1K |
|
3694
Exchange Listed Funds Trust ETC Cabana Target Drawdown 10 ETF
TDSC
$101M
| $385K | ﹤0.01% |
+17,682
| New | +$392K |
|
3695
InterDigital
IDCC
$7.87B
| $385K | ﹤0.01% |
4,792
+688
| +17% | +$59.8K |
|
3696
Wayfair
W
$11.2B
| $384K | ﹤0.01% |
6,348
-196
| -3% | -$13.6K |
|
3697
Corporacion America
CAAP
$4.21B
| $384K | ﹤0.01% |
+28,782
| New | +$397K |
|
3698
US Physical Therapy
USPH
$1.2B
| $384K | ﹤0.01% |
4,186
-6,127
| -59% | -$658K |
|
3699
Immunovant
IMVT
$7.93B
| $384K | ﹤0.01% |
+9,994
| New | +$226K |
|
3700
Piper Sandler
PIPR
$5.12B
| $383K | ﹤0.01% |
10,544
+1,372
| +15% | +$49.6K |
|
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.