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 | |
|---|---|---|---|---|---|---|
676
Alibaba
BABA
$293B
| $27.2M | 0.02% |
313,839
+10,853
| +4% | +$993K |
|
677
First Trust Dow 30 Equal Weight ETF
EDOW
$314M
| $27.2M | 0.02% |
935,278
-7,408
| -0.8% | -$224K |
|
678
JPMorgan Diversified Return US Small Cap Equity ETF
JPSE
$588M
| $27.1M | 0.02% |
689,818
+66,006
| +11% | +$2.72M |
|
679
LeaderShares AlphaFactor Tactical Focused ETF
LSAT
$64.6M
| $27.1M | 0.02% |
808,402
+197,725
| +32% | +$6.85M |
|
680
Cintas
CTAS
$82.4B
| $26.9M | 0.02% |
223,828
+37,604
| +20% | +$4.68M |
|
681
Corning
GLW
$120B
| $26.9M | 0.02% |
882,996
+109,061
| +14% | +$3.57M |
|
682
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.77B
| $26.9M | 0.02% |
183,651
-13,110
| -7% | -$2M |
|
683
Schwab US TIPS ETF
SCHP
$16.3B
| $26.8M | 0.02% |
1,062,914
-55,396
| -5% | -$1.43M |
|
684
State Street SPDR S&P Metals & Mining ETF
XME
$3.86B
| $26.8M | 0.02% |
510,922
+27,440
| +6% | +$1.42M |
|
685
State Street SPDR S&P Homebuilders ETF
XHB
$1.61B
| $26.7M | 0.02% |
349,296
+30,332
| +10% | +$2.46M |
|
686
VanEck Agribusiness ETF
MOO
$974M
| $26.6M | 0.02% |
338,567
-58,564
| -15% | -$4.88M |
|
687
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.11B
| $26.5M | 0.02% |
571,370
-26,466
| -4% | -$1.23M |
|
688
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.71B
| $26.4M | 0.02% |
312,140
+21,297
| +7% | +$1.89M |
|
689
iShares US Industrials ETF
IYJ
$1.97B
| $26.4M | 0.02% |
261,482
+3,828
| +1% | +$407K |
|
690
Rockwell Automation
ROK
$52.8B
| $26.3M | 0.02% |
91,900
-1,418
| -2% | -$438K |
|
691
Conagra Brands
CAG
$7.06B
| $26.1M | 0.02% |
950,526
+158,183
| +20% | +$4.88M |
|
692
Synopsys
SNPS
$73.5B
| $26M | 0.02% |
56,608
+7,826
| +16% | +$3.5M |
|
693
iShares Morningstar Mid-Cap ETF
IMCB
$1.65B
| $26M | 0.02% |
434,736
+54,629
| +14% | +$3.44M |
|
694
JPMorgan BetaBuilders Japan ETF
BBJP
$17.5B
| $25.8M | 0.02% |
514,217
-27,149
| -5% | -$1.4M |
|
695
First Trust S&P REIT Index Fund
FRI
$190M
| $25.8M | 0.02% |
1,127,545
+194,844
| +21% | +$4.77M |
|
696
ARK Genomic Revolution ETF
ARKG
$1.56B
| $25.7M | 0.02% |
923,602
-22,669
| -2% | -$741K |
|
697
Amcor
AMCR
$20.7B
| $25.7M | 0.02% |
561,476
+60,247
| +12% | +$2.9M |
|
698
Flex
FLEX
$41.8B
| $25.6M | 0.02% |
1,261,510
-168,484
| -12% | -$3.41M |
|
699
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.57B
| $25.5M | 0.02% |
279,870
+107,201
| +62% | +$10M |
|
700
iShares MSCI India ETF
INDA
$6.89B
| $25.5M | 0.02% |
575,646
+246,246
| +75% | +$10.9M |
|
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.