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 | |
|---|---|---|---|---|---|---|
4276
EVgo
EVGO
$223M
| $181K | ﹤0.01% |
53,696
+3,168
| +6% | +$13K |
|
|
LGF.B
4277
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $181K | ﹤0.01% |
23,060
-12,172
| -35% | -$91.5K |
|
4278
Taysha Gene Therapies
TSHA
$1.68B
| $180K | ﹤0.01% |
+56,935
| New | +$106K |
|
|
ZYXI
4279
DELISTED
Zynex
ZYXI
| $179K | ﹤0.01% |
22,395
| – | – |
|
4280
Definitive Healthcare
DH
$72M
| $178K | ﹤0.01% |
22,286
+1,690
| +8% | +$17K |
|
|
BHR.PRB
4281
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
$52.7M
| $177K | ﹤0.01% |
14,844
+2,550
| +21% | +$34K |
|
4282
Upwork
UPWK
$1.13B
| $175K | ﹤0.01% |
+15,427
| New | +$191K |
|
4283
TTM Technologies
TTMI
$12B
| $172K | ﹤0.01% |
13,325
+656
| +5% | +$9.14K |
|
4284
Payoneer
PAYO
$2.42B
| $171K | ﹤0.01% |
28,010
+1,000
| +4% | +$5.64K |
|
4285
Ironwood Pharmaceuticals
IRWD
$696M
| $171K | ﹤0.01% |
17,764
-21,333
| -55% | -$209K |
|
4286
Graham Corp
GHM
$1.12B
| $171K | ﹤0.01% |
10,300
+100
| +1% | +$1.51K |
|
|
DO
4287
DELISTED
Diamond Offshore Drilling, Inc.
DO
| $170K | ﹤0.01% |
+11,603
| New | +$177K |
|
4288
Stem
STEM
$48.4M
| $170K | ﹤0.01% |
2,008
-2,675
| -57% | -$306K |
|
4289
MannKind Corp
MNKD
$1.21B
| $168K | ﹤0.01% |
40,784
+9,600
| +31% | +$43.1K |
|
4290
Xponential Fitness
XPOF
$273M
| $168K | ﹤0.01% |
+10,831
| New | +$212K |
|
|
HIE
4291
DELISTED
Miller/Howard High Income Equity Fund
HIE
| $168K | ﹤0.01% |
16,918
+2,015
| +14% | +$20.4K |
|
|
PCM
4292
PCM Fund
PCM
$69.3M
| $168K | ﹤0.01% |
18,856
+4,511
| +31% | +$42.6K |
|
|
DCF
4293
DELISTED
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
DCF
| $168K | ﹤0.01% |
21,615
-2,385
| -10% | -$18.4K |
|
|
MIN
4294
Aberdeen Intermediate Income Fund
MIN
$274M
| $167K | ﹤0.01% |
62,280
+8,042
| +15% | +$21.9K |
|
4295
LendingTree
TREE
$447M
| $167K | ﹤0.01% |
10,752
+7
| +0.1% | +$142 |
|
4296
Mativ Holdings
MATV
$481M
| $166K | ﹤0.01% |
11,642
-1,072
| -8% | -$17.2K |
|
4297
A10 Networks
ATEN
$2.13B
| $166K | ﹤0.01% |
+11,018
| New | +$163K |
|
|
FMY
4298
First Trust Mortgage Income Fund
FMY
$49M
| $166K | ﹤0.01% |
14,831
-1,000
| -6% | -$11.3K |
|
|
OPRA
4299
Opera Ltd
OPRA
$1.69B
| $165K | ﹤0.01% |
14,676
-23,583
| -62% | -$395K |
|
4300
Sasol
SSL
$7.5B
| $164K | ﹤0.01% |
12,013
-201
| -2% | -$2.64K |
|
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.