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 | |
|---|---|---|---|---|---|---|
401
Vertex Pharmaceuticals
VRTX
$123B
| $60.4M | 0.04% |
173,737
+1,709
| +1% | +$598K |
|
402
Franklin US Mid Cap Multifactor Index ETF
FLQM
$1.61B
| $59.9M | 0.04% |
1,393,903
+214,283
| +18% | +$9.62M |
|
403
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
| $59.7M | 0.04% |
679,416
-15,691
| -2% | -$1.41M |
|
404
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$1.93B
| $59.4M | 0.04% |
2,227,030
-10,364
| -0.5% | -$291K |
|
405
Dominion Energy
D
$62.1B
| $59.4M | 0.04% |
1,329,163
+40,455
| +3% | +$2.01M |
|
406
WisdomTree US High Dividend Fund
DHS
$1.58B
| $59.3M | 0.04% |
759,233
+68,729
| +10% | +$5.54M |
|
407
JPMorgan US Quality Factor ETF
JQUA
$8.14B
| $59.2M | 0.04% |
1,369,082
+91,012
| +7% | +$4.06M |
|
408
FS KKR Capital
FSK
$3.01B
| $59M | 0.04% |
2,997,068
+66,636
| +2% | +$1.33M |
|
409
Pacer Trendpilot 100 ETF
PTNQ
$1.16B
| $58.8M | 0.04% |
956,585
+91,183
| +11% | +$5.69M |
|
410
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $58.7M | 0.04% |
1,205,578
-151,860
| -11% | -$7.56M |
|
411
First Trust Health Care AlphaDEX Fund
FXH
$1.05B
| $58.6M | 0.04% |
603,009
+27,258
| +5% | +$2.83M |
|
412
JPMorgan Municipal ETF
JMUB
$8.32B
| $58.3M | 0.04% |
1,204,564
+268,405
| +29% | +$13.3M |
|
413
State Street SPDR Portfolio TIPS ETF
SPIP
$1.01B
| $57.7M | 0.04% |
2,323,436
-202,513
| -8% | -$5.14M |
|
414
iShares Expanded Tech-Software Sector ETF
IGV
$12.4B
| $57.5M | 0.04% |
841,970
+40,500
| +5% | +$2.84M |
|
415
Stryker
SYK
$135B
| $57.3M | 0.04% |
209,659
+22,276
| +12% | +$6.39M |
|
416
Cummins
CMI
$83.6B
| $56.9M | 0.04% |
248,913
+17,833
| +8% | +$4.31M |
|
417
Ares Capital
ARCC
$13.4B
| $56.8M | 0.04% |
2,916,623
+318,444
| +12% | +$6.17M |
|
418
Elevance Health
ELV
$81.5B
| $56.7M | 0.04% |
130,120
-35,885
| -22% | -$16.3M |
|
419
3M
MMM
$91.8B
| $56.6M | 0.04% |
722,572
+77,405
| +12% | +$6.65M |
|
420
Valero Energy
VLO
$89.5B
| $56.5M | 0.04% |
398,589
+19,957
| +5% | +$2.61M |
|
421
iShares MSCI KLD 400 Social ETF
DSI
$5.1B
| $56.4M | 0.04% |
692,729
+97,429
| +16% | +$8.26M |
|
422
Applied Materials
AMAT
$347B
| $56.3M | 0.04% |
406,390
+9,934
| +3% | +$1.42M |
|
423
State Street SPDR S&P Regional Banking ETF
KRE
$4.51B
| $56M | 0.04% |
1,339,950
+145,395
| +12% | +$6.48M |
|
424
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$921M
| $55.8M | 0.04% |
1,344,282
-151,696
| -10% | -$6.45M |
|
425
State Street SPDR MSCI USA StrategicFactors ETF
QUS
$1.52B
| $55.7M | 0.04% |
461,888
+25,402
| +6% | +$3.15M |
|
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.