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 | |
|---|---|---|---|---|---|---|
701
Fidelity MSCI Health Care Index ETF
FHLC
$3.25B
| $25.4M | 0.02% |
418,904
+31,964
| +8% | +$2.01M |
|
702
Arch Capital
ACGL
$34.4B
| $25.3M | 0.02% |
317,791
+233,690
| +278% | +$18.2M |
|
703
First Trust Materials AlphaDEX Fund
FXZ
$367M
| $25.3M | 0.02% |
400,672
-95,379
| -19% | -$6.21M |
|
704
Palantir
PLTR
$288B
| $25.2M | 0.02% |
1,577,194
+125,885
| +9% | +$2M |
|
705
Consolidated Edison
ED
$40.3B
| $25.1M | 0.02% |
294,020
+13,633
| +5% | +$1.24M |
|
706
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.84B
| $25.1M | 0.02% |
1,084,830
+97,420
| +10% | +$2.27M |
|
707
PIMCO Dynamic Income Fund
PDI
$7.41B
| $25.1M | 0.02% |
1,451,259
+25,864
| +2% | +$476K |
|
708
VICI Properties
VICI
$28.9B
| $25M | 0.02% |
858,359
+162,729
| +23% | +$5.05M |
|
709
Dimensional US Small Cap ETF
DFAS
$15.2B
| $24.9M | 0.02% |
473,454
+37,466
| +9% | +$2.06M |
|
710
WisdomTree International High Dividend Fund
DTH
$647M
| $24.8M | 0.02% |
686,526
-41,329
| -6% | -$1.54M |
|
711
Factset
FDS
$9.26B
| $24.8M | 0.02% |
56,818
+2,438
| +4% | +$1.04M |
|
712
Schwab US Broad Market ETF
SCHB
$42.7B
| $24.8M | 0.02% |
1,494,876
+72,489
| +5% | +$1.25M |
|
713
McCormick & Company Non-Voting
MKC
$13.8B
| $24.8M | 0.02% |
328,058
+25,080
| +8% | +$2.1M |
|
714
First Trust Consumer Staples AlphaDEX Fund
FXG
$230M
| $24.7M | 0.02% |
409,406
-8,151
| -2% | -$514K |
|
715
Builders FirstSource
BLDR
$7.05B
| $24.6M | 0.02% |
197,971
+79,330
| +67% | +$10.9M |
|
716
Monolithic Power Systems
MPWR
$69.5B
| $24.6M | 0.02% |
53,331
-4,961
| -9% | -$2.54M |
|
717
VanEck IG Floating Rate ETF
FLTR
$2.94B
| $24.6M | 0.02% |
973,822
+167,606
| +21% | +$4.23M |
|
|
WBA
718
DELISTED
Walgreens Boots Alliance
WBA
| $24.6M | 0.02% |
1,106,504
-498,192
| -31% | -$13.2M |
|
719
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.79B
| $24.6M | 0.02% |
343,337
+50,054
| +17% | +$3.77M |
|
720
Travelers Companies
TRV
$78.7B
| $24.6M | 0.02% |
150,473
+6,002
| +4% | +$1M |
|
721
Invesco S&P 500 Momentum ETF
SPMO
$20.6B
| $24.4M | 0.02% |
426,161
-1,471
| -0.3% | -$84.5K |
|
|
HOLX
722
DELISTED
Hologic
HOLX
| $24.3M | 0.02% |
350,822
+38,707
| +12% | +$2.93M |
|
723
JPMorgan International Growth ETF
JIG
$470M
| $24.3M | 0.02% |
454,978
-14,280
| -3% | -$815K |
|
|
IBTD
724
DELISTED
iShares iBonds Dec 2023 Term Treasury ETF
IBTD
| $24.3M | 0.02% |
980,567
-34,406
| -3% | -$852K |
|
725
Invesco S&P Emerging Markets Low Volatility ETF
EELV
$434M
| $24.2M | 0.02% |
1,076,937
-14,221
| -1% | -$335K |
|
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.