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 | |
|---|---|---|---|---|---|---|
4001
Semtech
SMTC
$11B
| $272K | ﹤0.01% |
10,557
+332
| +3% | +$8.72K |
|
4002
AdvanSix
ASIX
$541M
| $272K | ﹤0.01% |
8,737
+206
| +2% | +$7.15K |
|
|
AHRT
4003
AH Realty Trust
AHRT
$529M
| $271K | ﹤0.01% |
26,471
-8,427
| -24% | -$97.8K |
|
4004
BlackRock MuniYield New York Quality Fund
MYN
$372M
| $271K | ﹤0.01% |
30,590
+3,224
| +12% | +$31.3K |
|
4005
Amneal Pharmaceuticals
AMRX
$5.85B
| $271K | ﹤0.01% |
64,220
+5,997
| +10% | +$22.4K |
|
4006
Benchmark Electronics
BHE
$2.87B
| $271K | ﹤0.01% |
11,167
+978
| +10% | +$24.8K |
|
|
RC
4007
Ready Capital
RC
$258M
| $271K | ﹤0.01% |
26,794
-48,959
| -65% | -$538K |
|
4008
Invesco S&P SmallCap Consumer Discretionary ETF
PSCD
$23.5M
| $271K | ﹤0.01% |
3,184
-110
| -3% | -$10K |
|
4009
iShares MSCI Netherlands ETF
EWN
$571M
| $270K | ﹤0.01% |
7,111
-151,628
| -96% | -$6.34M |
|
4010
FT Vest Buffered Allocation Growth ETF
BUFG
$327M
| $270K | ﹤0.01% |
13,724
+2,716
| +25% | +$55K |
|
4011
Star Group
SGU
$412M
| $269K | ﹤0.01% |
22,392
-1
| -0% | -$12 |
|
4012
iShares MSCI Saudi Arabia ETF
KSA
$623M
| $269K | ﹤0.01% |
+6,949
| New | +$283K |
|
4013
Citizens Financial Services
CZFS
$373M
| $269K | ﹤0.01% |
+5,717
| New | +$336K |
|
|
SRCL
4014
DELISTED
Stericycle Inc
SRCL
| $268K | ﹤0.01% |
5,991
+907
| +18% | +$40.5K |
|
4015
Build-A-Bear
BBW
$425M
| $268K | ﹤0.01% |
+9,105
| New | +$230K |
|
4016
ESCO Technologies
ESE
$8.17B
| $268K | ﹤0.01% |
2,564
+171
| +7% | +$17.6K |
|
4017
First Merchants
FRME
$2.68B
| $268K | ﹤0.01% |
9,616
-249
| -3% | -$7.46K |
|
4018
First Trust Eurozone AlphaDEX
FEUZ
$136M
| $267K | ﹤0.01% |
7,183
-913
| -11% | -$35.8K |
|
4019
Invesco BulletShares 2029 High Yield Corporate Bond ETF
BSJT
$561M
| $267K | ﹤0.01% |
+13,438
| New | +$272K |
|
|
EEA
4020
European Equity Fund
EEA
$75.2M
| $267K | ﹤0.01% |
33,570
-733
| -2% | -$6.15K |
|
|
MSB
4021
Mesabi Trust
MSB
$289M
| $267K | ﹤0.01% |
+13,292
| New | +$255K |
|
4022
US Global GO Gold and Precious Metal Miners ETF
GOAU
$161M
| $266K | ﹤0.01% |
17,929
-1,920
| -10% | -$31.2K |
|
4023
XPEL
XPEL
$1.22B
| $266K | ﹤0.01% |
3,447
-169
| -5% | -$13.6K |
|
4024
Brink's
BCO
$4.88B
| $265K | ﹤0.01% |
3,651
-14,728
| -80% | -$1.06M |
|
|
ONT
4025
Onterris Inc
ONT
$759M
| $265K | ﹤0.01% |
9,053
-5,760
| -39% | -$219K |
|
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.