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 | |
|---|---|---|---|---|---|---|
451
Invesco Dow Jones Industrial Average Dividend ETF
DJD
$482M
| $50.8M | 0.04% |
1,228,324
+82,305
| +7% | +$3.54M |
|
452
FT Vest Fund of Nasdaq-100 Buffer ETFs
BUFQ
$1.5B
| $50.6M | 0.04% |
2,012,121
+1,424,622
| +242% | +$36M |
|
453
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.37B
| $50.3M | 0.04% |
623,585
-35,520
| -5% | -$3M |
|
454
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.08B
| $50.1M | 0.04% |
1,631,965
+168,763
| +12% | +$5.17M |
|
455
Marathon Petroleum
MPC
$91.7B
| $50.1M | 0.04% |
330,900
-143,729
| -30% | -$20M |
|
456
American Tower
AMT
$81.3B
| $50M | 0.04% |
303,915
+30,632
| +11% | +$5.6M |
|
457
Schwab US Mid-Cap ETF
SCHM
$14.5B
| $49.9M | 0.04% |
2,213,859
+96,153
| +5% | +$2.28M |
|
458
Invesco Russell 2000 Dynamic Multifactor ETF
OMFS
$282M
| $49.8M | 0.03% |
1,467,633
+57,643
| +4% | +$2.08M |
|
459
Zoetis
ZTS
$31.9B
| $49.7M | 0.03% |
285,534
+64,930
| +29% | +$11.8M |
|
460
WisdomTree US SmallCap Dividend Fund
DES
$2.19B
| $49.5M | 0.03% |
1,755,433
-18,101
| -1% | -$531K |
|
461
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.9B
| $49.4M | 0.03% |
1,317,762
+104,691
| +9% | +$4.07M |
|
462
TSMC
TSM
$2.09T
| $49.3M | 0.03% |
567,360
+42,771
| +8% | +$4.04M |
|
463
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.61B
| $49.2M | 0.03% |
1,199,519
-2,199
| -0.2% | -$90.8K |
|
464
Kinder Morgan
KMI
$70.5B
| $49.1M | 0.03% |
2,960,525
+119,833
| +4% | +$2.07M |
|
465
Devon Energy
DVN
$50.9B
| $48.9M | 0.03% |
1,024,687
+119,786
| +13% | +$6.03M |
|
466
iShares US Consumer Staples ETF
IYK
$1.41B
| $48.6M | 0.03% |
781,245
+79,821
| +11% | +$5.27M |
|
467
CrowdStrike
CRWD
$189B
| $48.3M | 0.03% |
1,153,388
+48,896
| +4% | +$1.9M |
|
468
Vanguard Financials ETF
VFH
$13.5B
| $48.2M | 0.03% |
600,625
+20,177
| +3% | +$1.69M |
|
469
Vanguard Morningstar Mega Cap ETF
MGC
$9.9B
| $48M | 0.03% |
316,353
+16,265
| +5% | +$2.56M |
|
470
Schwab U.S Small- Cap ETF
SCHA
$22.3B
| $48M | 0.03% |
2,317,172
+84,022
| +4% | +$1.84M |
|
471
Invesco High Yield Equity Dividend Achievers ETF
PEY
$1.14B
| $47.6M | 0.03% |
2,479,100
-59,073
| -2% | -$1.18M |
|
|
PXD
472
DELISTED
Pioneer Natural Resource Co.
PXD
| $47.6M | 0.03% |
207,147
+24,791
| +14% | +$5.64M |
|
473
Booking.com
BKNG
$150B
| $47.2M | 0.03% |
382,525
+30,900
| +9% | +$3.74M |
|
474
First Trust North American Energy Infrastructure Fund
EMLP
$4.09B
| $47M | 0.03% |
1,778,205
-34,504
| -2% | -$947K |
|
475
Energy Transfer Partners
ET
$69.6B
| $46.9M | 0.03% |
3,343,546
+578,270
| +21% | +$7.67M |
|
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.