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 | |
|---|---|---|---|---|---|---|
826
First Trust Dorsey Wright Dynamic Focus 5 ETF
FVC
$105M
| $19.2M | 0.01% |
612,058
-77,219
| -11% | -$2.55M |
|
827
Boston Scientific
BSX
$69.4B
| $19.1M | 0.01% |
362,592
+17,463
| +5% | +$916K |
|
828
Steris
STE
$22.3B
| $18.9M | 0.01% |
86,032
-5,030
| -6% | -$1.14M |
|
829
Fair Isaac
FICO
$24.3B
| $18.8M | 0.01% |
21,691
+17,267
| +390% | +$14.8M |
|
830
Schwab Fundamental US Large Company Index ETF
FNDX
$26.7B
| $18.8M | 0.01% |
1,005,075
+136,953
| +16% | +$2.65M |
|
831
Kroger
KR
$35.3B
| $18.7M | 0.01% |
418,638
+23,440
| +6% | +$1.1M |
|
832
Microchip Technology
MCHP
$40.4B
| $18.7M | 0.01% |
238,990
+46,150
| +24% | +$3.86M |
|
833
Tetra Tech
TTEK
$8.49B
| $18.6M | 0.01% |
613,045
+70,780
| +13% | +$2.3M |
|
834
Nuveen ESG Small-Cap ETF
NUSC
$1.28B
| $18.6M | 0.01% |
534,661
+35,371
| +7% | +$1.3M |
|
835
LeaderShares Dynamic Yield ETF
DYLD
$40.1M
| $18.5M | 0.01% |
851,074
+168,960
| +25% | +$3.75M |
|
836
First Trust Ultra Short Duration Municipal ETF
FUMB
$246M
| $18.5M | 0.01% |
928,109
-34,280
| -4% | -$684K |
|
837
DNP Select Income Fund
DNP
$4.05B
| $18.5M | 0.01% |
1,940,724
-19,466
| -1% | -$196K |
|
838
US Treasury 6 Month Bill ETF
XBIL
$741M
| $18.5M | 0.01% |
368,379
+346,433
| +1,579% | +$17.3M |
|
839
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.24B
| $18.5M | 0.01% |
409,680
+31,992
| +8% | +$1.48M |
|
840
Verisk Analytics
VRSK
$25.4B
| $18.4M | 0.01% |
78,020
+9,823
| +14% | +$2.32M |
|
841
Invesco S&P MidCap Value with Momentum ETF
XMVM
$502M
| $18.4M | 0.01% |
401,123
+2,465
| +0.6% | +$116K |
|
842
General Motors
GM
$80.4B
| $18.4M | 0.01% |
557,585
+49,419
| +10% | +$1.76M |
|
843
Fortinet
FTNT
$119B
| $18.4M | 0.01% |
312,720
+80,392
| +35% | +$5.32M |
|
844
Invesco S&P 500 Equal Weight Energy ETF
RSPG
$563M
| $18.3M | 0.01% |
238,304
-13,526
| -5% | -$1.02M |
|
845
iShares US Healthcare Providers ETF
IHF
$1.21B
| $18.2M | 0.01% |
370,250
-7,310
| -2% | -$371K |
|
846
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
$1.81B
| $18.2M | 0.01% |
609,259
+138,105
| +29% | +$4.21M |
|
847
DuPont de Nemours
DD
$18.5B
| $18.2M | 0.01% |
194,338
+1,840
| +1% | +$173K |
|
848
Invesco Zacks Mid-Cap ETF
CZA
$189M
| $18.2M | 0.01% |
213,326
-52,786
| -20% | -$4.68M |
|
849
ARK Blockchain & Fintech Innovation ETF
ARKF
$723M
| $18.1M | 0.01% |
935,901
-6,607
| -0.7% | -$141K |
|
850
Strategy Shares Nasdaq 7HANDL Index ETF
HNDL
$629M
| $18.1M | 0.01% |
945,928
-61,808
| -6% | -$1.24M |
|
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.