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 | |
|---|---|---|---|---|---|---|
4201
Copa Holdings
CPA
$5.76B
| $208K | ﹤0.01% |
2,332
-2,752
| -54% | -$286K |
|
4202
Ennis
EBF
$552M
| $208K | ﹤0.01% |
9,783
-7,998
| -45% | -$170K |
|
4203
Neuberger Commodity Strategy ETF
NBCM
$457M
| $207K | ﹤0.01% |
9,244
-1,824
| -16% | -$41K |
|
|
AVDL
4204
DELISTED
Avadel Pharmaceuticals
AVDL
| $207K | ﹤0.01% |
20,130
-278
| -1% | -$3.72K |
|
4205
Arlo Technologies
ARLO
$1.6B
| $207K | ﹤0.01% |
20,126
-50
| -0.2% | -$531 |
|
4206
Global X MSCI Norway ETF
NORW
$88M
| $207K | ﹤0.01% |
+8,431
| New | +$205K |
|
|
DMC
4207
Del Monte Corp
DMC
$1.41B
| $207K | ﹤0.01% |
+8,011
| New | +$209K |
|
|
BLRX
4208
BioLineRX
BLRX
$12.3M
| $207K | ﹤0.01% |
2,843
-287
| -9% | -$19.3K |
|
|
ATSG
4209
DELISTED
Air Transport Services Group
ATSG
| $207K | ﹤0.01% |
+9,914
| New | +$207K |
|
4210
Embecta
EMBC
$216M
| $207K | ﹤0.01% |
13,724
+1,334
| +11% | +$25K |
|
4211
Innovator US Equity Ultra Buffer ETF November
UNOV
$108M
| $206K | ﹤0.01% |
+6,809
| New | +$211K |
|
4212
B2Gold
BTG
$5B
| $206K | ﹤0.01% |
71,414
-817
| -1% | -$2.66K |
|
4213
Enterprise Financial Services Corp
EFSC
$2.4B
| $206K | ﹤0.01% |
5,493
-20,341
| -79% | -$812K |
|
4214
CALL
Advanced Micro Devices
AMD
$776B
| $206K | ﹤0.01% |
+2,000
| New | +$217K |
|
4215
Cadre Holdings
CDRE
$1.32B
| $206K | ﹤0.01% |
+7,714
| New | +$188K |
|
4216
iShares MSCI Chile ETF
ECH
$1.01B
| $205K | ﹤0.01% |
+7,841
| New | +$226K |
|
|
ERH
4217
Allspring Utilities & High Income Fund
ERH
$105M
| $205K | ﹤0.01% |
23,497
+248
| +1% | +$2.45K |
|
4218
Franklin FTSE Taiwan ETF
FLTW
$2.67B
| $205K | ﹤0.01% |
5,630
-283
| -5% | -$10.7K |
|
|
ARR
4219
Armour Residential REIT
ARR
$2.33B
| $205K | ﹤0.01% |
9,639
+155
| +2% | +$3.81K |
|
4220
Alkermes
ALKS
$8.22B
| $205K | ﹤0.01% |
7,301
+80
| +1% | +$2.35K |
|
|
SASR
4221
DELISTED
Sandy Spring Bancorp Inc
SASR
| $204K | ﹤0.01% |
+9,534
| New | +$218K |
|
|
NXC
4222
DELISTED
Nuveen CA Select Tax-Free Income Portfolio
NXC
| $204K | ﹤0.01% |
16,763
+60
| +0.4% | +$779 |
|
4223
Open Text
OTEX
$6.15B
| $204K | ﹤0.01% |
+5,809
| New | +$227K |
|
4224
Schneider National
SNDR
$6.26B
| $204K | ﹤0.01% |
7,359
-8,111
| -52% | -$236K |
|
4225
Harmonic Inc
HLIT
$1.25B
| $204K | ﹤0.01% |
21,149
+2,542
| +14% | +$30.3K |
|
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.