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 | |
|---|---|---|---|---|---|---|
876
JPMorgan Small & Mid Cap Enhanced Equity ETF
JMEE
$2.85B
| $16.9M | 0.01% |
349,214
-117,915
| -25% | -$5.96M |
|
|
INCE
877
Franklin Income Equity Focus ETF
INCE
$133M
| $16.8M | 0.01% |
354,962
-107,540
| -23% | -$5.29M |
|
878
Labcorp
LH
$25.4B
| $16.8M | 0.01% |
83,752
+5,118
| +7% | +$1.08M |
|
879
American Century Diversified Municipal Bond ETF
TAXF
$683M
| $16.8M | 0.01% |
350,276
+34,702
| +11% | +$1.71M |
|
880
iShares Global Clean Energy ETF
ICLN
$2.31B
| $16.7M | 0.01% |
1,145,087
-65,266
| -5% | -$1.1M |
|
881
Aon
AON
$76.5B
| $16.7M | 0.01% |
51,623
-5,290
| -9% | -$1.75M |
|
882
Avantis International Small Cap Value ETF
AVDV
$19B
| $16.7M | 0.01% |
288,642
+29,053
| +11% | +$1.71M |
|
883
Amplify Cybersecurity ETF
HACK
$2.68B
| $16.7M | 0.01% |
322,844
-12,828
| -4% | -$658K |
|
884
First Trust DorseyWright DALI 1 ETF
DALI
$98.4M
| $16.7M | 0.01% |
672,095
+77,034
| +13% | +$2M |
|
885
iShares Convertible Bond ETF
ICVT
$7.2B
| $16.6M | 0.01% |
223,693
+80,920
| +57% | +$6.15M |
|
886
Newmont
NEM
$98.7B
| $16.5M | 0.01% |
447,766
+50,424
| +13% | +$2.05M |
|
887
Invesco DB Commodity Index Tracking Fund
DBC
$1.69B
| $16.5M | 0.01% |
660,349
+89,953
| +16% | +$2.2M |
|
888
Southwest Airlines
LUV
$22B
| $16.4M | 0.01% |
607,218
+19,677
| +3% | +$642K |
|
889
Fidelity National Information Services
FIS
$23.1B
| $16.4M | 0.01% |
297,275
+25,992
| +10% | +$1.5M |
|
890
Check Point Software Technologies
CHKP
$13B
| $16.4M | 0.01% |
123,169
+43,582
| +55% | +$5.72M |
|
891
Delta Air Lines
DAL
$57.5B
| $16.4M | 0.01% |
443,435
+7,537
| +2% | +$327K |
|
892
Weyerhaeuser
WY
$18B
| $16.4M | 0.01% |
534,963
+9,355
| +2% | +$308K |
|
893
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$652M
| $16.3M | 0.01% |
305,045
+139,539
| +84% | +$7.51M |
|
894
BHP
BHP
$215B
| $16.3M | 0.01% |
286,125
-12,093
| -4% | -$707K |
|
895
MGM Resorts International
MGM
$11.4B
| $16.2M | 0.01% |
439,587
+13,829
| +3% | +$611K |
|
896
IQVIA
IQV
$38.7B
| $16.2M | 0.01% |
82,090
-1,401
| -2% | -$304K |
|
897
Public Storage
PSA
$60.5B
| $16.1M | 0.01% |
61,216
-5,789
| -9% | -$1.62M |
|
898
iShares US Financial Services ETF
IYG
$2.16B
| $16.1M | 0.01% |
312,675
-10,968
| -3% | -$593K |
|
899
Nuveen ESG 1-5 Year US Aggregate Bond ETF
NUSA
$34.6M
| $16.1M | 0.01% |
711,181
+239,516
| +51% | +$5.45M |
|
900
NYLI FTSE International Equity Currency Neutral ETF
HFXI
$2.01B
| $16.1M | 0.01% |
695,520
+3,562
| +0.5% | +$84.6K |
|
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.