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 | |
|---|---|---|---|---|---|---|
901
PIMCO 1-5 Year US TIPS Index Exchange-Traded Fund
STPZ
$506M
| $16.1M | 0.01% |
320,959
-7,982
| -2% | -$401K |
|
902
Idexx Laboratories
IDXX
$44.1B
| $16M | 0.01% |
36,643
+11,548
| +46% | +$5.76M |
|
903
Global X Silver Miners ETF NEW
SIL
$3.98B
| $16M | 0.01% |
670,321
+25,564
| +4% | +$664K |
|
904
Copart
CPRT
$27B
| $16M | 0.01% |
371,071
+56,443
| +18% | +$2.51M |
|
905
Vanguard Materials ETF
VAW
$2.95B
| $16M | 0.01% |
92,584
-2,167
| -2% | -$392K |
|
|
BSJP
906
DELISTED
Invesco BulletShares 2025 High Yield Corporate Bond ETF
BSJP
| $16M | 0.01% |
710,478
+127,901
| +22% | +$2.89M |
|
907
Dollar General
DG
$28B
| $16M | 0.01% |
150,891
+6,083
| +4% | +$907K |
|
908
State Street SPDR NYSE Technology ETF
XNTK
$2.06B
| $15.9M | 0.01% |
116,470
+12,894
| +12% | +$1.82M |
|
909
Main Sector Rotation ETF
SECT
$2.75B
| $15.9M | 0.01% |
377,338
+152,838
| +68% | +$6.63M |
|
910
Hull Tactical US ETF
HTUS
$156M
| $15.9M | 0.01% |
502,777
+305,002
| +154% | +$10.1M |
|
|
SCHR
911
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.3B
| $15.8M | 0.01% |
661,204
+24,574
| +4% | +$598K |
|
|
QWLD
912
State Street SPDR MSCI World StrategicFactors ETF
QWLD
$175M
| $15.7M | 0.01% |
155,172
+5,989
| +4% | +$625K |
|
913
Diamondback Energy
FANG
$57.1B
| $15.7M | 0.01% |
101,213
+9,103
| +10% | +$1.34M |
|
914
Invesco Financial Preferred ETF
PGF
$677M
| $15.7M | 0.01% |
1,114,289
-22,264
| -2% | -$317K |
|
915
Hartford Total Return Bond ETF
HTRB
$2.2B
| $15.7M | 0.01% |
487,724
+240,131
| +97% | +$7.92M |
|
916
Veeva Systems
VEEV
$33.1B
| $15.6M | 0.01% |
76,795
+6,378
| +9% | +$1.29M |
|
917
Estee Lauder
EL
$30.4B
| $15.6M | 0.01% |
108,063
+5,303
| +5% | +$884K |
|
918
FlexShares Quality Dividend Index Fund
QDF
$2.22B
| $15.6M | 0.01% |
279,726
+8,234
| +3% | +$479K |
|
|
NSA
919
DELISTED
National Storage Affiliates Trust
NSA
| $15.5M | 0.01% |
489,436
+10,693
| +2% | +$362K |
|
920
Goldman Sachs Access Investment Grade Corporate Bond ETF
GIGB
$966M
| $15.5M | 0.01% |
359,503
-5,663
| -2% | -$251K |
|
921
Akamai
AKAM
$16.7B
| $15.5M | 0.01% |
145,691
+11,561
| +9% | +$1.15M |
|
|
DFSV
922
Dimensional US Small Cap Value ETF
DFSV
$8.19B
| $15.5M | 0.01% |
612,273
+19,971
| +3% | +$527K |
|
923
Global X SuperDividend US ETF
DIV
$780M
| $15.5M | 0.01% |
955,535
+4,357
| +0.5% | +$73.1K |
|
924
Omega Healthcare
OHI
$15.1B
| $15.5M | 0.01% |
465,964
+12,826
| +3% | +$410K |
|
925
AES
AES
$10.5B
| $15.4M | 0.01% |
1,015,682
+235,525
| +30% | +$4.49M |
|
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.