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 | |
|---|---|---|---|---|---|---|
3851
Essential Properties Realty Trust
EPRT
$6.77B
| $322K | ﹤0.01% |
14,903
+3,417
| +30% | +$81.5K |
|
3852
Box
BOX
$4.37B
| $322K | ﹤0.01% |
13,292
+3,624
| +37% | +$104K |
|
3853
TriCo Bancshares
TCBK
$1.84B
| $322K | ﹤0.01% |
10,046
+87
| +0.9% | +$3.05K |
|
3854
Weis Markets
WMK
$1.91B
| $322K | ﹤0.01% |
5,105
+756
| +17% | +$49.3K |
|
3855
Cheesecake Factory
CAKE
$5.04B
| $321K | ﹤0.01% |
10,580
+1,436
| +16% | +$47.9K |
|
3856
Resideo Technologies
REZI
$5.19B
| $320K | ﹤0.01% |
20,272
+5,099
| +34% | +$85.8K |
|
3857
Janus International
JBI
$700M
| $320K | ﹤0.01% |
29,931
+19,803
| +196% | +$218K |
|
3858
First Trust Dorsey Wright Momentum & Value ETF
DVLU
$47.1M
| $320K | ﹤0.01% |
14,011
+2,854
| +26% | +$67.7K |
|
3859
Gold Fields
GFI
$29B
| $320K | ﹤0.01% |
29,460
-13,430
| -31% | -$177K |
|
|
NREF
3860
NexPoint Real Estate Finance
NREF
$320M
| $320K | ﹤0.01% |
19,545
-6,967
| -26% | -$115K |
|
|
IAF
3861
abrdn Australia Equity Fund
IAF
$122M
| $319K | ﹤0.01% |
26,960
+7,128
| +36% | +$89.8K |
|
3862
SoundHound AI
SOUN
$2.67B
| $319K | ﹤0.01% |
158,872
+83,196
| +110% | +$212K |
|
3863
Antero Resources
AR
$11.1B
| $319K | ﹤0.01% |
12,553
-1,978
| -14% | -$51K |
|
3864
Brixmor Property Group
BRX
$9.67B
| $318K | ﹤0.01% |
15,322
+2,302
| +18% | +$51K |
|
3865
Astec Industries
ASTE
$1.16B
| $318K | ﹤0.01% |
+6,742
| New | +$333K |
|
3866
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
| $318K | ﹤0.01% |
33,605
+3,866
| +13% | +$38.8K |
|
3867
Mohawk Industries
MHK
$7.5B
| $317K | ﹤0.01% |
3,700
+284
| +8% | +$28.6K |
|
3868
Schwab 1-5 Year Corporate Bond ETF
SCHJ
$849M
| $317K | ﹤0.01% |
13,520
+1,312
| +11% | +$30.9K |
|
|
HCCI
3869
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $317K | ﹤0.01% |
+7,000
| New | +$312K |
|
3870
Park National Corp
PRK
$3.76B
| $316K | ﹤0.01% |
3,347
+125
| +4% | +$13K |
|
3871
Franklin Municipal Green Bond ETF
FLMB
$74.9M
| $316K | ﹤0.01% |
14,053
+1,288
| +10% | +$30.1K |
|
|
LOUP
3872
DELISTED
Innovator Deepwater Frontier Tech ETF
LOUP
| $316K | ﹤0.01% |
8,887
+158
| +2% | +$6.01K |
|
3873
Franklin FTSE South Korea ETF
FLKR
$1.23B
| $315K | ﹤0.01% |
15,501
-14,280
| -48% | -$311K |
|
|
BGB
3874
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
| $315K | ﹤0.01% |
28,665
+3,300
| +13% | +$36.5K |
|
|
HIX
3875
Western Asset High Income Fund II
HIX
$349M
| $315K | ﹤0.01% |
70,614
+1,663
| +2% | +$8.04K |
|
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.