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 | |
|---|---|---|---|---|---|---|
3826
RLJ Lodging Trust
RLJ
$1.86B
| $335K | ﹤0.01% |
34,203
-1,619
| -5% | -$16.2K |
|
|
DOG
3827
ProShares Short Dow30
DOG
$110M
| $335K | ﹤0.01% |
10,042
-39,922
| -80% | -$1.29M |
|
3828
Novavax
NVAX
$1.2B
| $334K | ﹤0.01% |
46,109
+2,932
| +7% | +$23.4K |
|
|
MEGI
3829
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$796M
| $334K | ﹤0.01% |
28,338
+3,485
| +14% | +$46.4K |
|
3830
Horizon Bancorp
HBNC
$1.04B
| $334K | ﹤0.01% |
31,234
+1,090
| +4% | +$12.2K |
|
3831
Stantec
STN
$8.04B
| $333K | ﹤0.01% |
5,141
-17
| -0.3% | -$1.13K |
|
|
ESHY
3832
DELISTED
Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF
ESHY
| $333K | ﹤0.01% |
18,776
-11,463
| -38% | -$206K |
|
|
MUE
3833
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
| $333K | ﹤0.01% |
37,951
+8,286
| +28% | +$79K |
|
|
DNMR
3834
DELISTED
Danimer Scientific, Inc.
DNMR
| $332K | ﹤0.01% |
4,009
-49
| -1% | -$4.45K |
|
3835
FT Vest US Equity Deep Buffer ETF March
DMAR
$454M
| $331K | ﹤0.01% |
+10,295
| New | +$334K |
|
3836
UFP Technologies
UFPT
$1.97B
| $331K | ﹤0.01% |
+2,048
| New | +$359K |
|
3837
SPX Corp
SPXC
$11B
| $330K | ﹤0.01% |
4,057
-2,061
| -34% | -$166K |
|
3838
Goldman Sachs Access High Yield Corporate Bond ETF
GHYB
$134M
| $329K | ﹤0.01% |
7,823
-190
| -2% | -$8.11K |
|
|
MNP
3839
DELISTED
Western Asset Municipal Partners Fund, Inc.
MNP
| $329K | ﹤0.01% |
31,101
-570
| -2% | -$6.5K |
|
3840
HNI Corp
HNI
$3.24B
| $326K | ﹤0.01% |
9,414
+774
| +9% | +$23.8K |
|
3841
Lemonade
LMND
$3.74B
| $326K | ﹤0.01% |
28,032
+4,656
| +20% | +$74.7K |
|
3842
Dr. Reddy's Laboratories
RDY
$9.87B
| $326K | ﹤0.01% |
+24,350
| New | +$329K |
|
3843
US Treasury 10 Year Note ETF
UTEN
$287M
| $325K | ﹤0.01% |
+7,582
| New | +$336K |
|
3844
BRC Inc
BRCC
$121M
| $325K | ﹤0.01% |
90,454
-84,732
| -48% | -$374K |
|
3845
10x Genomics
TXG
$6B
| $324K | ﹤0.01% |
7,866
-5,802
| -42% | -$302K |
|
3846
BOK Financial
BOKF
$8.58B
| $324K | ﹤0.01% |
4,056
-745
| -16% | -$63K |
|
3847
Virtus Biotech Clinical Trials ETF
BBC
$46.3M
| $324K | ﹤0.01% |
16,511
-658
| -4% | -$14.6K |
|
3848
CryoPort
CYRX
$761M
| $323K | ﹤0.01% |
23,584
-1,530
| -6% | -$22.5K |
|
3849
Sprout Social
SPT
$516M
| $323K | ﹤0.01% |
+6,480
| New | +$325K |
|
|
IFN
3850
Aberdeen India Fund
IFN
$499M
| $323K | ﹤0.01% |
18,514
+4,822
| +35% | +$81.2K |
|
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.