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 | |
|---|---|---|---|---|---|---|
|
101
FT Vest Fund of Buffer ETFs
BUFR
$10.1B
| $301M | 0.21% |
12,307,110
+7,278,388
| +145% | +$183M |
|
102
iShares S&P 500 Value ETF
IVE
$49.6B
| $299M | 0.21% |
1,940,992
+23,973
| +1% | +$3.87M |
|
103
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.35B
| $294M | 0.21% |
6,232,337
-382,070
| -6% | -$18.2M |
|
104
Vanguard Intermediate-Term Bond ETF
BIV
$29B
| $294M | 0.21% |
4,062,860
+125,875
| +3% | +$9.31M |
|
105
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.5B
| $290M | 0.2% |
2,838,428
+1,184,183
| +72% | +$125M |
|
106
Broadcom
AVGO
$1.81T
| $284M | 0.2% |
3,414,660
+288,400
| +9% | +$25M |
|
107
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.74B
| $282M | 0.2% |
6,152,929
+595,535
| +11% | +$28.9M |
|
|
108
iShares US Technology ETF
IYW
$23B
| $281M | 0.2% |
2,681,030
-1,303,137
| -33% | -$142M |
|
109
Invesco S&P 500 Quality ETF
SPHQ
$19.3B
| $278M | 0.19% |
5,552,952
+524,331
| +10% | +$26.9M |
|
110
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $274M | 0.19% |
3,978,168
-22,891
| -0.6% | -$1.68M |
|
111
Goldman Sachs MarketBeta US Equity ETF
GSUS
$3.14B
| $270M | 0.19% |
4,603,564
+726,633
| +19% | +$44.2M |
|
112
Walmart Inc
WMT
$900B
| $265M | 0.19% |
4,969,698
+329,361
| +7% | +$17.5M |
|
113
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
| $264M | 0.19% |
5,971,086
+440,526
| +8% | +$20.7M |
|
114
Mastercard
MA
$497B
| $254M | 0.18% |
640,977
+48,784
| +8% | +$19.6M |
|
115
Invesco S&P 500 GARP ETF
SPGP
$2.26B
| $244M | 0.17% |
2,670,278
+891,343
| +50% | +$83.1M |
|
116
PepsiCo
PEP
$195B
| $242M | 0.17% |
1,429,309
+87,220
| +6% | +$15.8M |
|
117
iShares Gold Trust
IAU
$62.5B
| $242M | 0.17% |
6,920,148
-101,670
| -1% | -$3.71M |
|
118
Merck
MRK
$326B
| $241M | 0.17% |
2,341,171
+36,514
| +2% | +$3.94M |
|
119
McDonald's
MCD
$194B
| $238M | 0.17% |
902,231
+71,059
| +9% | +$20.3M |
|
120
iShares MSCI EAFE ETF
EFA
$76.8B
| $234M | 0.16% |
3,392,816
+11,196
| +0.3% | +$802K |
|
121
Pfizer
PFE
$144B
| $229M | 0.16% |
6,916,434
+349,581
| +5% | +$12.4M |
|
|
TBIL
122
F/m US Treasury 3 Month Bill Fund
TBIL
$7.19B
| $224M | 0.16% |
4,480,366
+2,748,583
| +159% | +$137M |
|
123
iShares TIPS Bond ETF
TIP
$14.5B
| $224M | 0.16% |
2,155,028
+589,881
| +38% | +$62.4M |
|
124
iShares 0-3 Month Treasury Bond ETF
SGOV
$99.3B
| $223M | 0.16% |
2,219,964
+488,294
| +28% | +$49M |
|
125
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
| $220M | 0.15% |
8,411,754
-458,312
| -5% | -$12.9M |
|
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.