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 | |
|---|---|---|---|---|---|---|
1226
Manulife Financial
MFC
$73.9B
| $8.9M | 0.01% |
486,781
+12,107
| +3% | +$229K |
|
|
K
1227
DELISTED
Kellanova
K
| $8.9M | 0.01% |
159,235
-3,199
| -2% | -$190K |
|
1228
iShares ESG Aware MSCI USA Small-Cap ETF
ESML
$2.82B
| $8.89M | 0.01% |
264,213
+53,061
| +25% | +$1.89M |
|
|
DOCU
1229
DocuSign
DOCU
$10.5B
| $8.87M | 0.01% |
211,200
+4,262
| +2% | +$209K |
|
1230
iShares MSCI Emerging Markets ex China ETF
EMXC
$23.5B
| $8.87M | 0.01% |
177,984
+37,411
| +27% | +$1.94M |
|
1231
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
| $8.87M | 0.01% |
401,016
-1,108
| -0.3% | -$25.1K |
|
1232
VictoryShares US Small Cap High Div Volatility Wtd ETF
CSB
$269M
| $8.85M | 0.01% |
180,752
+12,555
| +7% | +$649K |
|
1233
Invesco Building & Construction ETF
PKB
$430M
| $8.85M | 0.01% |
175,361
+5,171
| +3% | +$280K |
|
1234
Electronic Arts
EA
$53B
| $8.84M | 0.01% |
73,411
-7,496
| -9% | -$943K |
|
1235
Hubbell
HUBB
$25B
| $8.82M | 0.01% |
28,155
+5,645
| +25% | +$1.8M |
|
1236
MPLX
MPLX
$59.3B
| $8.8M | 0.01% |
247,437
+37,060
| +18% | +$1.29M |
|
1237
Suncor Energy
SU
$79.4B
| $8.79M | 0.01% |
255,785
+10,251
| +4% | +$329K |
|
1238
Franklin FTSE Japan ETF
FLJP
$3.97B
| $8.79M | 0.01% |
332,468
+218,172
| +191% | +$5.9M |
|
1239
Franklin US Large Cap Multifactor Index ETF
FLQL
$2.05B
| $8.79M | 0.01% |
204,124
+12,222
| +6% | +$546K |
|
1240
First Trust Europe AlphaDEX Fund
FEP
$526M
| $8.79M | 0.01% |
266,164
-7,273
| -3% | -$251K |
|
1241
iShares MSCI Brazil ETF
EWZ
$9.28B
| $8.78M | 0.01% |
286,129
+172,600
| +152% | +$5.49M |
|
1242
Maximus
MMS
$3.17B
| $8.76M | 0.01% |
117,344
+1,423
| +1% | +$116K |
|
|
IBMN
1243
DELISTED
iShares iBonds Dec 2025 Term Muni Bond ETF
IBMN
| $8.74M | 0.01% |
335,301
+23,242
| +7% | +$610K |
|
1244
NNN REIT
NNN
$9.04B
| $8.74M | 0.01% |
247,286
+20,829
| +9% | +$835K |
|
|
MRO
1245
DELISTED
Marathon Oil Corporation
MRO
| $8.69M | 0.01% |
324,854
+27,598
| +9% | +$714K |
|
1246
Fidelity High Yield Factor ETF
FDHY
$566M
| $8.68M | 0.01% |
190,018
+48,195
| +34% | +$2.24M |
|
|
AXON
1247
Axon Enterprise
AXON
$42.5B
| $8.67M | 0.01% |
43,559
+2,715
| +7% | +$534K |
|
1248
Hercules Capital
HTGC
$3.07B
| $8.65M | 0.01% |
527,090
+42,417
| +9% | +$694K |
|
1249
Datadog
DDOG
$95.4B
| $8.65M | 0.01% |
94,992
-1,084
| -1% | -$107K |
|
1250
Invesco S&P MidCap 400 Pure Value ETF
RFV
$335M
| $8.63M | 0.01% |
87,586
-16,640
| -16% | -$1.72M |
|
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.