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 | |
|---|---|---|---|---|---|---|
801
Allstate
ALL
$68.4B
| $20.2M | 0.01% |
181,312
+7,094
| +4% | +$774K |
|
802
iShares Russell Top 200 ETF
IWL
$2.18B
| $20.1M | 0.01% |
194,434
-26,418
| -12% | -$2.83M |
|
803
Invesco 0-5 Yr US TIPS ETF
PBTP
$106M
| $19.8M | 0.01% |
812,537
-22,540
| -3% | -$553K |
|
804
WisdomTree Global ex-U.S. Quality Growth Fund
DNL
$483M
| $19.8M | 0.01% |
592,583
+54,570
| +10% | +$1.92M |
|
805
iShares US Energy ETF
IYE
$1.73B
| $19.8M | 0.01% |
417,041
-35,873
| -8% | -$1.65M |
|
806
First Trust Emerging Markets AlphaDEX Fund
FEM
$739M
| $19.7M | 0.01% |
945,300
+22,724
| +2% | +$496K |
|
807
Capital Group International Focus Equity ETF
CGXU
$6.28B
| $19.7M | 0.01% |
905,330
+90,215
| +11% | +$2.08M |
|
808
Digital Realty Trust
DLR
$70.3B
| $19.7M | 0.01% |
162,371
-6,319
| -4% | -$776K |
|
809
WisdomTree India Earnings Fund ETF
EPI
$2.06B
| $19.6M | 0.01% |
534,434
+333,625
| +166% | +$12.1M |
|
810
JPMorgan Diversified Return US Mid Cap Equity ETF
JPME
$463M
| $19.6M | 0.01% |
234,199
+21,491
| +10% | +$1.89M |
|
811
Motley Fool 100 Index ETF
TMFC
$2.05B
| $19.6M | 0.01% |
497,665
+34,905
| +8% | +$1.43M |
|
812
International Paper
IP
$21.8B
| $19.5M | 0.01% |
550,890
+97,241
| +21% | +$3.31M |
|
813
Johnson Controls International
JCI
$88.7B
| $19.5M | 0.01% |
366,920
+18,675
| +5% | +$1.15M |
|
814
Hartford Multifactor Developed Markets ex-US ETF
RODM
$1.62B
| $19.5M | 0.01% |
760,087
+82,955
| +12% | +$2.18M |
|
815
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.29B
| $19.4M | 0.01% |
892,026
+354,760
| +66% | +$7.91M |
|
816
Public Service Enterprise Group
PEG
$38.3B
| $19.4M | 0.01% |
340,715
+34,939
| +11% | +$2.15M |
|
817
Invesco Variable Rate Preferred ETF
VRP
$2.98B
| $19.4M | 0.01% |
865,770
+201,648
| +30% | +$4.54M |
|
818
Keysight
KEYS
$55.1B
| $19.4M | 0.01% |
146,369
+9,340
| +7% | +$1.38M |
|
819
iShares Core Conservative Allocation ETF
AOK
$787M
| $19.3M | 0.01% |
569,059
-42,572
| -7% | -$1.48M |
|
820
Marvell Technology
MRVL
$174B
| $19.3M | 0.01% |
356,164
-11,139
| -3% | -$658K |
|
821
Aptiv
APTV
$12B
| $19.3M | 0.01% |
195,662
+16,554
| +9% | +$1.71M |
|
822
ROBO Global Robotics & Automation Index ETF
ROBO
$1.96B
| $19.2M | 0.01% |
382,135
+32,021
| +9% | +$1.76M |
|
823
Fidelity High Dividend ETF
FDVV
$10.1B
| $19.2M | 0.01% |
498,323
+35,437
| +8% | +$1.43M |
|
824
LPL Financial
LPLA
$28.2B
| $19.2M | 0.01% |
80,866
+7,746
| +11% | +$1.8M |
|
825
Dimensional Emerging Markets Core Equity 2 ETF
DFEM
$8.83B
| $19.2M | 0.01% |
824,061
+76,343
| +10% | +$1.85M |
|
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.