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 | |
|---|---|---|---|---|---|---|
976
State Street SPDR Portfolio Europe ETF
SPEU
$729M
| $13.8M | 0.01% |
381,133
-686,679
| -64% | -$26.1M |
|
977
Humana
HUM
$43.7B
| $13.8M | 0.01% |
28,265
-595
| -2% | -$280K |
|
978
Dimensional Core Fixed Income ETF
DFCF
$10.8B
| $13.7M | 0.01% |
340,508
+16,200
| +5% | +$668K |
|
979
Eversource Energy
ES
$26.9B
| $13.7M | 0.01% |
236,029
+6,100
| +3% | +$407K |
|
|
FCT
980
First Trust Senior Floating Rate Income Fund II
FCT
$251M
| $13.7M | 0.01% |
1,371,779
+146,965
| +12% | +$1.47M |
|
|
FSCO
981
FS Credit Opportunities Corp
FSCO
$1B
| $13.7M | 0.01% |
2,520,064
+310,763
| +14% | +$1.61M |
|
982
Illumina
ILMN
$31B
| $13.6M | 0.01% |
102,096
+58,410
| +134% | +$9.6M |
|
983
Invesco S&P SmallCap Quality ETF
XSHQ
$252M
| $13.6M | 0.01% |
381,688
+108,815
| +40% | +$4M |
|
984
VictoryShares Dividend Accelerator ETF
VSDA
$246M
| $13.6M | 0.01% |
312,999
+25,526
| +9% | +$1.17M |
|
985
First Trust Mid Cap Value AlphaDEX Fund
FNK
$228M
| $13.6M | 0.01% |
304,161
-27,562
| -8% | -$1.29M |
|
986
Annaly Capital Management
NLY
$17.1B
| $13.6M | 0.01% |
720,982
+59,883
| +9% | +$1.19M |
|
987
State Street Multi-Asset Real Return ETF
RLY
$1.26B
| $13.6M | 0.01% |
502,952
+8,051
| +2% | +$220K |
|
988
Invesco S&P 500 Equal Weight Utilities ETF
RSPU
$535M
| $13.6M | 0.01% |
269,551
-87,015
| -24% | -$4.76M |
|
989
iShares Interest Rate Hedged Corporate Bond ETF
LQDH
$505M
| $13.5M | 0.01% |
145,578
-2,817
| -2% | -$262K |
|
990
Nuveen ESG Mid-Cap Growth ETF
NUMG
$350M
| $13.5M | 0.01% |
367,210
+11,734
| +3% | +$455K |
|
991
WisdomTree Enhanced Commodity Strategy Fund
GCC
$270M
| $13.4M | 0.01% |
745,234
-169,939
| -19% | -$3.05M |
|
992
Exelon
EXC
$46.9B
| $13.4M | 0.01% |
354,837
+9,945
| +3% | +$405K |
|
993
iShares Select U.S. REIT ETF
ICF
$2.09B
| $13.4M | 0.01% |
267,318
+13,302
| +5% | +$727K |
|
994
HubSpot
HUBS
$12.2B
| $13.4M | 0.01% |
27,208
+2,524
| +10% | +$1.32M |
|
995
Albemarle
ALB
$13.9B
| $13.4M | 0.01% |
78,729
+9,796
| +14% | +$1.95M |
|
996
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
$3.55B
| $13.3M | 0.01% |
310,942
+34,866
| +13% | +$1.54M |
|
997
First Trust Natural Gas ETF
FCG
$647M
| $13.3M | 0.01% |
512,532
-14,795
| -3% | -$378K |
|
998
Halliburton
HAL
$26.9B
| $13.3M | 0.01% |
328,470
-8,020
| -2% | -$314K |
|
999
iShares US Utilities ETF
IDU
$1.35B
| $13.3M | 0.01% |
180,570
-1,596
| -0.9% | -$128K |
|
|
BLD
1000
DELISTED
TopBuild
BLD
| $13.2M | 0.01% |
52,603
-1,687
| -3% | -$465K |
|
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.