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 | |
|---|---|---|---|---|---|---|
576
Quanta Services
PWR
$98.7B
| $35.2M | 0.02% |
188,085
+26,433
| +16% | +$5.3M |
|
577
Invesco Variable Rate Investment Grade ETF
VRIG
$1.8B
| $35.2M | 0.02% |
1,410,502
+248,526
| +21% | +$6.21M |
|
578
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.79B
| $35.1M | 0.02% |
1,411,266
+188,812
| +15% | +$4.89M |
|
579
iShares Core Moderate Allocation ETF
AOM
$1.75B
| $35.1M | 0.02% |
900,938
+147,776
| +20% | +$5.91M |
|
580
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
| $35M | 0.02% |
756,122
-85,903
| -10% | -$4.02M |
|
581
Invesco S&P 100 Equal Weight ETF
EQWL
$2.7B
| $34.9M | 0.02% |
443,791
+155,023
| +54% | +$12.7M |
|
582
VanEck BDC Income ETF
BIZD
$1.6B
| $34.8M | 0.02% |
2,171,601
+95,009
| +5% | +$1.49M |
|
583
Mercado Libre
MELI
$95.6B
| $34.7M | 0.02% |
27,337
+1,274
| +5% | +$1.62M |
|
584
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.45B
| $34.6M | 0.02% |
649,326
-38,622
| -6% | -$2.12M |
|
585
WisdomTree US LargeCap Fund
EPS
$1.58B
| $34.6M | 0.02% |
755,776
+30,353
| +4% | +$1.43M |
|
586
Citigroup
C
$222B
| $34.6M | 0.02% |
840,283
+4,130
| +0.5% | +$181K |
|
587
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.27B
| $34.1M | 0.02% |
678,885
-17,800
| -3% | -$931K |
|
|
IBTE
588
DELISTED
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
| $34.1M | 0.02% |
1,429,288
+188,182
| +15% | +$4.48M |
|
589
State Street SPDR S&P 1500 Value Tilt ETF
VLU
$749M
| $34.1M | 0.02% |
235,581
-4,616
| -2% | -$692K |
|
590
Constellation Brands
STZ
$22.3B
| $33.8M | 0.02% |
134,545
+6,906
| +5% | +$1.8M |
|
|
FISV
591
Fiserv Inc
FISV
$28.8B
| $33.8M | 0.02% |
299,188
+11,612
| +4% | +$1.43M |
|
592
First Trust Industrials/Producer Durables AlphaDEX Fund
FXR
$728M
| $33.8M | 0.02% |
587,758
+4,955
| +0.9% | +$297K |
|
593
Invesco Water Resources ETF
PHO
$2B
| $33.7M | 0.02% |
632,891
+4,499
| +0.7% | +$252K |
|
594
Novartis
NVS
$301B
| $33.6M | 0.02% |
330,042
+4,510
| +1% | +$458K |
|
595
TC Energy
TRP
$70.9B
| $33.5M | 0.02% |
974,711
+17,114
| +2% | +$630K |
|
596
Regeneron Pharmaceuticals
REGN
$76B
| $33.5M | 0.02% |
40,733
+3,479
| +9% | +$2.73M |
|
597
Intercontinental Exchange
ICE
$87.7B
| $33.4M | 0.02% |
303,576
+17,804
| +6% | +$2.04M |
|
598
Cheniere Energy
LNG
$54.1B
| $33M | 0.02% |
198,784
+15,664
| +9% | +$2.53M |
|
599
Chipotle Mexican Grill
CMG
$48.8B
| $32.9M | 0.02% |
897,000
+404,850
| +82% | +$15.8M |
|
600
Schwab Fundamental International Large Company Index ETF
FNDF
$25.1B
| $32.8M | 0.02% |
1,036,586
+120,499
| +13% | +$3.91M |
|
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.