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 | |
|---|---|---|---|---|---|---|
651
Cambria Shareholder Yield ETF
SYLD
$993M
| $29M | 0.02% |
469,044
+50,612
| +12% | +$3.17M |
|
652
Harbor Long-Term Growers ETF
WINN
$1.12B
| $28.8M | 0.02% |
1,615,049
+711,438
| +79% | +$13.2M |
|
653
Capital Group Core Plus Income ETF
CGCP
$8.39B
| $28.7M | 0.02% |
1,333,931
+404,005
| +43% | +$8.9M |
|
654
Global X US Preferred ETF
PFFD
$2.15B
| $28.6M | 0.02% |
1,518,728
+137,982
| +10% | +$2.64M |
|
655
iShares Morningstar Value ETF
ILCV
$1.32B
| $28.5M | 0.02% |
440,311
+55,966
| +15% | +$3.76M |
|
656
iShares US Financials ETF
IYF
$4.67B
| $28.5M | 0.02% |
381,231
+18,030
| +5% | +$1.39M |
|
657
First Trust Nasdaq Oil & Gas ETF
FTXN
$164M
| $28.4M | 0.02% |
946,610
+91,505
| +11% | +$2.65M |
|
658
State Street SPDR Russell 1000 Low Volatility Focus ETF
ONEV
$305M
| $28.4M | 0.02% |
270,883
+11,726
| +5% | +$1.28M |
|
659
WisdomTree Dynamic International Equity Fund
DDWM
$1.48B
| $28.3M | 0.02% |
930,507
+162,428
| +21% | +$5.05M |
|
660
Fidelity MSCI Information Technology Index ETF
FTEC
$19.9B
| $28.3M | 0.02% |
230,442
+8,219
| +4% | +$1.06M |
|
|
PPL
661
PPL Corp
PPL
$26.8B
| $28.3M | 0.02% |
1,202,348
+173
| +0% | +$4.47K |
|
662
Cencora
COR
$60.7B
| $28.3M | 0.02% |
157,363
-31,149
| -17% | -$5.75M |
|
663
Archer Daniels Midland
ADM
$38.9B
| $28.3M | 0.02% |
375,325
+24,452
| +7% | +$1.98M |
|
|
GSWO
664
Goldman Sachs ActiveBeta World Equity ETF
GSWO
$1.72B
| $28.3M | 0.02% |
707,574
+12,616
| +2% | +$520K |
|
665
VanEck Merk Gold Trust
OUNZ
$2.55B
| $28.3M | 0.02% |
1,579,732
-34,904
| -2% | -$651K |
|
666
Global X Uranium ETF
URA
$5.51B
| $28.2M | 0.02% |
1,042,026
+715,130
| +219% | +$16.8M |
|
667
Iron Mountain
IRM
$37.1B
| $28.2M | 0.02% |
473,604
+2,338
| +0.5% | +$143K |
|
668
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.55B
| $28.1M | 0.02% |
1,364,658
-107,732
| -7% | -$2.32M |
|
669
JPMorgan Active Growth ETF
JGRO
$9.31B
| $27.9M | 0.02% |
517,280
+224,051
| +76% | +$12.5M |
|
670
AB Tax-Aware Short Duration Municipal ETF
TAFI
$1.37B
| $27.9M | 0.02% |
1,133,099
-260,111
| -19% | -$6.46M |
|
671
Sysco
SYY
$40.6B
| $27.8M | 0.02% |
421,496
+35,453
| +9% | +$2.55M |
|
672
Alcon
ALC
$33.9B
| $27.8M | 0.02% |
361,965
+38,708
| +12% | +$3.18M |
|
673
iShares Core International Aggregate Bond Fund
IAGG
$10.9B
| $27.4M | 0.02% |
562,535
-13,578
| -2% | -$666K |
|
674
Sempra
SRE
$58.6B
| $27.4M | 0.02% |
403,080
+65,358
| +19% | +$4.71M |
|
675
iShares iBonds Dec 2026 Term Corporate ETF
IBDR
$3.44B
| $27.4M | 0.02% |
1,172,462
+52,640
| +5% | +$1.23M |
|
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.