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 | |
|---|---|---|---|---|---|---|
1101
State Street SPDR Global Dow ETF
DGT
$615M
| $11.1M | 0.01% |
101,703
+7,213
| +8% | +$817K |
|
1102
Church & Dwight Co
CHD
$23.4B
| $11.1M | 0.01% |
120,999
+2,943
| +2% | +$282K |
|
1103
Enphase Energy
ENPH
$4.96B
| $11.1M | 0.01% |
91,989
+16,163
| +21% | +$2.3M |
|
1104
Main Street Capital
MAIN
$5.06B
| $11M | 0.01% |
271,879
+27,875
| +11% | +$1.14M |
|
1105
Calamos Strategic Total Return Fund
CSQ
$3.23B
| $11M | 0.01% |
785,033
+54,784
| +8% | +$807K |
|
1106
abrdn Physical Silver Shares ETF
SIVR
$4.02B
| $11M | 0.01% |
519,377
+71,513
| +16% | +$1.62M |
|
1107
Avery Dennison
AVY
$13B
| $11M | 0.01% |
60,439
+12,265
| +25% | +$2.22M |
|
1108
M&T Bank
MTB
$35.7B
| $11M | 0.01% |
87,296
-8,837
| -9% | -$1.15M |
|
1109
J.M. Smucker
SJM
$12.7B
| $11M | 0.01% |
89,710
+8,084
| +10% | +$1.15M |
|
1110
Invesco International Developed Dynamic Multifactor ETF
IMFL
$1.03B
| $11M | 0.01% |
471,078
+181,297
| +63% | +$4.35M |
|
1111
Adaptive Alpha Opportunities ETF
AGOX
$377M
| $10.9M | 0.01% |
481,249
+79,932
| +20% | +$1.87M |
|
1112
John Hancock Multifactor Developed International ETF
JHMD
$965M
| $10.9M | 0.01% |
364,696
-107,581
| -23% | -$3.32M |
|
1113
Invesco Food & Beverage ETF
PBJ
$108M
| $10.9M | 0.01% |
257,405
-22,418
| -8% | -$999K |
|
1114
Teradyne
TER
$57.6B
| $10.9M | 0.01% |
108,358
+21,329
| +25% | +$2.25M |
|
1115
Vanguard S&P Small-Cap 600 Growth ETF
VIOG
$1.05B
| $10.9M | 0.01% |
115,385
+11,260
| +11% | +$1.12M |
|
1116
First Trust Long Duration Opportunities ETF
LGOV
$617M
| $10.9M | 0.01% |
536,044
+188,162
| +54% | +$4.03M |
|
1117
AvalonBay Communities
AVB
$26.5B
| $10.9M | 0.01% |
63,225
+4,066
| +7% | +$752K |
|
1118
Lamb Weston
LW
$7.22B
| $10.8M | 0.01% |
117,254
+17,548
| +18% | +$1.78M |
|
1119
Globe Life
GL
$14.2B
| $10.8M | 0.01% |
99,459
+84,528
| +566% | +$9.44M |
|
1120
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.69B
| $10.8M | 0.01% |
233,007
+109,383
| +88% | +$5.23M |
|
1121
US Treasury 12 Month Bill ETF
OBIL
$306M
| $10.8M | 0.01% |
215,914
+98,466
| +84% | +$4.91M |
|
1122
MongoDB
MDB
$27.1B
| $10.8M | 0.01% |
31,145
+5,329
| +21% | +$2.02M |
|
1123
Sprott Uranium Miners ETF
URNM
$1.76B
| $10.8M | 0.01% |
228,235
+53,749
| +31% | +$2.02M |
|
1124
KeyCorp
KEY
$24.2B
| $10.8M | 0.01% |
999,753
-542,149
| -35% | -$6M |
|
1125
Innovator US Equity Power Buffer ETF November
PNOV
$886M
| $10.7M | 0.01% |
324,856
+24,966
| +8% | +$850K |
|
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.