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 | |
|---|---|---|---|---|---|---|
1176
Nasdaq
NDAQ
$52.7B
| $9.77M | 0.01% |
201,048
+41,231
| +26% | +$2.09M |
|
|
B
1177
Barrick Mining
B
$61.5B
| $9.75M | 0.01% |
670,102
-644
| -0.1% | -$10.6K |
|
1178
Generac Holdings
GNRC
$11.6B
| $9.75M | 0.01% |
89,474
+19,985
| +29% | +$2.47M |
|
1179
Invesco S&P 500 Equal Weight Materials ETF
RSPM
$183M
| $9.7M | 0.01% |
312,568
-2,947
| -0.9% | -$95.4K |
|
1180
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
| $9.68M | 0.01% |
529,646
-3,097
| -0.6% | -$59.4K |
|
1181
Organon & Co
OGN
$3.56B
| $9.68M | 0.01% |
557,338
+473,951
| +568% | +$9.88M |
|
1182
Gartner
IT
$10.1B
| $9.67M | 0.01% |
28,129
+5,266
| +23% | +$1.84M |
|
1183
GraniteShares Gold Shares
BAR
$1.36B
| $9.63M | 0.01% |
526,786
-36,700
| -7% | -$700K |
|
1184
iShares MSCI Taiwan ETF
EWT
$9.86B
| $9.62M | 0.01% |
215,912
-98,320
| -31% | -$4.55M |
|
1185
Mine Safety
MSA
$7.35B
| $9.6M | 0.01% |
60,876
-2,506
| -4% | -$430K |
|
1186
Dimensional National Municipal Bond ETF
DFNM
$2.23B
| $9.55M | 0.01% |
205,522
+21,414
| +12% | +$1.01M |
|
1187
Deckers Outdoor
DECK
$13.2B
| $9.55M | 0.01% |
111,432
+1,008
| +0.9% | +$90.3K |
|
|
X
1188
DELISTED
US Steel
X
| $9.55M | 0.01% |
293,920
+7,315
| +3% | +$205K |
|
|
BSMP
1189
DELISTED
Invesco BulletShares 2025 Municipal Bond ETF
BSMP
| $9.54M | 0.01% |
397,362
+38,038
| +11% | +$923K |
|
|
WBND
1190
DELISTED
Western Asset Total Return ETF
WBND
| $9.53M | 0.01% |
491,434
+23,027
| +5% | +$461K |
|
1191
HCA Healthcare
HCA
$87.2B
| $9.52M | 0.01% |
38,685
-61,091
| -61% | -$16.7M |
|
1192
Royal Bank of Canada
RY
$291B
| $9.49M | 0.01% |
108,500
+25,540
| +31% | +$2.38M |
|
|
IFLN
1193
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$308M
| $9.46M | 0.01% |
554,066
+18,607
| +3% | +$323K |
|
1194
Harbor Dividend Growth Leaders ETF
GDIV
$236M
| $9.46M | 0.01% |
778,852
+21,091
| +3% | +$265K |
|
1195
First Trust Exchange-Traded Fund VI First Trust S&P 500 Diversified Dividend Aristocrats ETF
KNGZ
$63.4M
| $9.46M | 0.01% |
345,530
+48,513
| +16% | +$1.39M |
|
1196
iShares Global Energy ETF
IXC
$2.79B
| $9.44M | 0.01% |
228,764
+5,354
| +2% | +$212K |
|
1197
Pinterest
PINS
$13.4B
| $9.43M | 0.01% |
348,803
+63,012
| +22% | +$1.72M |
|
1198
AGF US Market Neutral Anti-Beta Fund
BTAL
$304M
| $9.41M | 0.01% |
473,653
-65,660
| -12% | -$1.24M |
|
1199
Otis Worldwide
OTIS
$27.4B
| $9.4M | 0.01% |
117,092
+18,478
| +19% | +$1.58M |
|
1200
Dollar Tree
DLTR
$24.4B
| $9.4M | 0.01% |
88,302
-1,901
| -2% | -$255K |
|
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.