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 | |
|---|---|---|---|---|---|---|
376
Gilead Sciences
GILD
$165B
| $64.1M | 0.04% |
855,585
+47,547
| +6% | +$3.66M |
|
377
iShares S&P 100 ETF
OEF
$19.5B
| $64M | 0.04% |
319,228
+33,175
| +12% | +$6.91M |
|
378
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $63.9M | 0.04% |
139,986
+1,079
| +0.8% | +$517K |
|
379
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.56B
| $63.9M | 0.04% |
787,705
-49,339
| -6% | -$4.17M |
|
380
ASML
ASML
$596B
| $63.7M | 0.04% |
108,183
+5,562
| +5% | +$3.69M |
|
381
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.7B
| $63.3M | 0.04% |
1,107,847
-32,582
| -3% | -$1.89M |
|
382
Becton Dickinson
BDX
$46.4B
| $63.1M | 0.04% |
244,078
+24,239
| +11% | +$6.55M |
|
383
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.34B
| $62.9M | 0.04% |
659,556
-5,056
| -0.8% | -$495K |
|
384
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.06B
| $62.9M | 0.04% |
1,248,887
-27,334
| -2% | -$1.37M |
|
385
CSX Corp
CSX
$94B
| $62.8M | 0.04% |
2,041,902
+102,159
| +5% | +$3.24M |
|
386
Chubb
CB
$140B
| $62.4M | 0.04% |
299,535
+16,915
| +6% | +$3.42M |
|
387
iShares S&P Small-Cap 600 Value ETF
IJS
$8.12B
| $62.3M | 0.04% |
698,601
-54,461
| -7% | -$5.19M |
|
388
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
| $62.3M | 0.04% |
688,960
+51,902
| +8% | +$4.75M |
|
389
S&P Global
SPGI
$124B
| $62.2M | 0.04% |
170,104
+25,186
| +17% | +$9.9M |
|
390
Aflac
AFL
$65.5B
| $62M | 0.04% |
808,447
+27,660
| +4% | +$2.05M |
|
391
FT Vest Fund of Deep Buffer ETFs
BUFD
$1.92B
| $61.8M | 0.04% |
2,906,186
+2,261,400
| +351% | +$48.9M |
|
392
Intuitive Surgical
ISRG
$127B
| $61.7M | 0.04% |
210,938
+26,164
| +14% | +$8.17M |
|
393
iShares 10-20 Year Treasury Bond ETF
TLH
$11B
| $61.6M | 0.04% |
625,541
-683,417
| -52% | -$71.8M |
|
394
Target
TGT
$66.3B
| $61.4M | 0.04% |
555,617
+11,715
| +2% | +$1.49M |
|
395
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.41B
| $61.3M | 0.04% |
946,661
-10,717
| -1% | -$726K |
|
396
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.5B
| $61.3M | 0.04% |
2,732,257
+265,797
| +11% | +$6.04M |
|
397
Capital Group Core Equity ETF
CGUS
$11B
| $61.2M | 0.04% |
2,436,330
+444,540
| +22% | +$11.5M |
|
398
Capital Group Global Growth Equity ETF
CGGO
$11B
| $61M | 0.04% |
2,659,480
+516,118
| +24% | +$12.4M |
|
399
Enterprise Products Partners
EPD
$83.7B
| $60.6M | 0.04% |
2,213,819
+157,450
| +8% | +$4.21M |
|
400
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.35B
| $60.4M | 0.04% |
926,778
+18,318
| +2% | +$1.23M |
|
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.