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 | |
|---|---|---|---|---|---|---|
1251
Snap-on
SNA
$21.2B
| $8.63M | 0.01% |
33,821
+5,793
| +21% | +$1.57M |
|
1252
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.19B
| $8.62M | 0.01% |
135,781
-16,084
| -11% | -$1.06M |
|
1253
JPMorgan BetaBuilders US Small Cap Equity ETF
BBSC
$699M
| $8.61M | 0.01% |
161,239
+156,903
| +3,619% | +$8.96M |
|
1254
Eagle Materials
EXP
$6.29B
| $8.61M | 0.01% |
51,711
+17,163
| +50% | +$3.12M |
|
1255
American Century Quality Diversified International ETF
QINT
$665M
| $8.61M | 0.01% |
200,682
+11,565
| +6% | +$510K |
|
1256
iShares Cybersecurity and Tech ETF
IHAK
$1B
| $8.57M | 0.01% |
222,637
+10,435
| +5% | +$401K |
|
1257
ProShares Large Cap Core Plus
CSM
$518M
| $8.57M | 0.01% |
175,596
+1,751
| +1% | +$89.5K |
|
1258
Cognizant
CTSH
$24.9B
| $8.55M | 0.01% |
126,168
+16,400
| +15% | +$1.13M |
|
1259
Casey's General Stores
CASY
$32.2B
| $8.53M | 0.01% |
31,422
+1,446
| +5% | +$366K |
|
1260
Citizens Financial Group
CFG
$30.3B
| $8.5M | 0.01% |
317,200
+39,335
| +14% | +$1.12M |
|
|
CTRA
1261
DELISTED
Coterra Energy
CTRA
| $8.49M | 0.01% |
313,844
+2,948
| +0.9% | +$80.3K |
|
1262
Bruker
BRKR
$9.57B
| $8.49M | 0.01% |
136,228
-4,343
| -3% | -$292K |
|
1263
FlexShares Quality Dividend Defensive Index Fund
QDEF
$547M
| $8.48M | 0.01% |
156,803
-2,517
| -2% | -$142K |
|
1264
Leggett & Platt
LEG
$1.34B
| $8.47M | 0.01% |
333,418
+7,616
| +2% | +$214K |
|
1265
Super Micro Computer
SMCI
$18.4B
| $8.47M | 0.01% |
308,900
+24,480
| +9% | +$683K |
|
1266
Jackson Financial
JXN
$8.53B
| $8.45M | 0.01% |
221,070
-77,710
| -26% | -$2.72M |
|
1267
Nuveen Municipal Value Fund
NUV
$1.92B
| $8.41M | 0.01% |
1,018,508
+61,190
| +6% | +$521K |
|
1268
Service Corp International
SCI
$11.7B
| $8.4M | 0.01% |
146,981
+7,831
| +6% | +$495K |
|
1269
Franklin Senior Loan ETF
FLBL
$853M
| $8.4M | 0.01% |
349,167
-12,161
| -3% | -$293K |
|
1270
State Street SPDR MSCI USA Gender Diversity ETF
SHE
$325M
| $8.38M | 0.01% |
98,571
-1,115
| -1% | -$98.7K |
|
1271
CarMax
KMX
$8.13B
| $8.37M | 0.01% |
118,299
-21,732
| -16% | -$1.78M |
|
1272
Dutch Bros
BROS
$9.03B
| $8.36M | 0.01% |
359,369
+11,139
| +3% | +$317K |
|
1273
Cambria Tail Risk ETF
TAIL
$147M
| $8.35M | 0.01% |
645,596
-17,090
| -3% | -$227K |
|
1274
iShares MSCI Italy ETF
EWI
$1.01B
| $8.35M | 0.01% |
+274,445
| New | +$8.75M |
|
1275
TechnipFMC
FTI
$28.1B
| $8.32M | 0.01% |
411,890
+14,648
| +4% | +$276K |
|
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.