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 | |
|---|---|---|---|---|---|---|
476
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.2B
| $46.6M | 0.03% |
349,058
+45,291
| +15% | +$6.32M |
|
477
First Trust Technology AlphaDEX Fund
FXL
$2.53B
| $46.6M | 0.03% |
419,317
-3,328
| -0.8% | -$380K |
|
478
BCE
BCE
$20.2B
| $46.4M | 0.03% |
1,216,846
+66,418
| +6% | +$2.79M |
|
479
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.67B
| $46.4M | 0.03% |
1,619,848
-264,524
| -14% | -$7.9M |
|
|
SCHW
480
Charles Schwab
SCHW
$183B
| $46.2M | 0.03% |
840,809
-30,945
| -4% | -$1.87M |
|
481
Cadence Design Systems
CDNS
$93.6B
| $46.2M | 0.03% |
196,978
+40,919
| +26% | +$9.58M |
|
482
First Trust Long/Short Equity ETF
FTLS
$2.46B
| $45.3M | 0.03% |
852,722
-31,006
| -4% | -$1.66M |
|
483
Invesco BuyBack Achievers ETF
PKW
$1.72B
| $45.3M | 0.03% |
503,141
+170,737
| +51% | +$15.7M |
|
484
Prologis
PLD
$135B
| $45.2M | 0.03% |
402,892
+62,147
| +18% | +$7.6M |
|
485
Janus Henderson AAA CLO ETF
JAAA
$29B
| $45.1M | 0.03% |
896,914
+143,272
| +19% | +$7.18M |
|
486
EOG Resources
EOG
$79.2B
| $45.1M | 0.03% |
355,573
-8,768
| -2% | -$1.12M |
|
487
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| $44.8M | 0.03% |
1,871,430
+124,074
| +7% | +$2.97M |
|
488
First Trust RBA American Industrial Renaissance ETF
AIRR
$10.2B
| $44.8M | 0.03% |
868,861
+305,308
| +54% | +$16.4M |
|
489
State Street SPDR S&P Semiconductor ETF
XSD
$2.72B
| $44.7M | 0.03% |
227,844
+9,133
| +4% | +$1.93M |
|
490
MetLife
MET
$61.9B
| $44.5M | 0.03% |
707,885
+84,061
| +13% | +$5.24M |
|
491
iShares Global Tech ETF
IXN
$8.32B
| $44.5M | 0.03% |
768,658
-5,959
| -0.8% | -$362K |
|
492
iShares International Select Dividend ETF
IDV
$8.45B
| $43.8M | 0.03% |
1,724,968
+287,747
| +20% | +$7.62M |
|
493
SLB Ltd
SLB
$73.6B
| $43.5M | 0.03% |
746,909
+342,191
| +85% | +$19.8M |
|
494
SPDR Gold MiniShares Trust
GLDM
$27.5B
| $43.5M | 0.03% |
1,187,531
+12,270
| +1% | +$469K |
|
495
National Grid
NGG
$80.4B
| $43.5M | 0.03% |
761,464
+27,814
| +4% | +$1.68M |
|
496
Nucor
NUE
$58.6B
| $43.5M | 0.03% |
277,908
+9,315
| +3% | +$1.54M |
|
497
Prudential Financial
PRU
$42.4B
| $43.2M | 0.03% |
455,205
+5,181
| +1% | +$490K |
|
498
General Mills
GIS
$19.1B
| $43.2M | 0.03% |
674,845
+28,535
| +4% | +$2.02M |
|
499
Franklin US Low Volatility High Dividend Index ETF
LVHD
$628M
| $43.2M | 0.03% |
1,273,798
+128,552
| +11% | +$4.67M |
|
500
State Street Ultra Short Term Bond ETF
ULST
$527M
| $42.6M | 0.03% |
1,058,882
+147,708
| +16% | +$5.94M |
|
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.