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 | |
|---|---|---|---|---|---|---|
1326
Steel Dynamics
STLD
$36B
| $7.63M | 0.01% |
71,194
-22,995
| -24% | -$2.39M |
|
1327
Invesco WilderHill Clean Energy ETF
PBW
$407M
| $7.61M | 0.01% |
242,142
-17,610
| -7% | -$666K |
|
1328
Hartford Financial Services
HIG
$38.9B
| $7.61M | 0.01% |
107,297
+6,840
| +7% | +$496K |
|
1329
Invesco KBW Premium Yield Equity REIT ETF
KBWY
$313M
| $7.6M | 0.01% |
435,082
-10,516
| -2% | -$197K |
|
1330
Invesco Global Listed Private Equity ETF
PSP
$232M
| $7.58M | 0.01% |
146,732
+13,765
| +10% | +$739K |
|
1331
Hilton Worldwide
HLT
$72.1B
| $7.56M | 0.01% |
50,354
-6,574
| -12% | -$993K |
|
1332
Cleveland-Cliffs
CLF
$6.57B
| $7.56M | 0.01% |
483,676
+14,030
| +3% | +$219K |
|
1333
AB InBev
BUD
$170B
| $7.53M | 0.01% |
136,140
+10,566
| +8% | +$599K |
|
1334
BlackRock Core Bond Trust
BHK
$643M
| $7.52M | 0.01% |
756,228
+12,106
| +2% | +$126K |
|
1335
Nutrien
NTR
$33.2B
| $7.51M | 0.01% |
121,573
+11,593
| +11% | +$733K |
|
1336
Las Vegas Sands
LVS
$31.7B
| $7.5M | 0.01% |
163,638
+29,323
| +22% | +$1.59M |
|
1337
Charles River Laboratories
CRL
$11.2B
| $7.5M | 0.01% |
38,349
+4,856
| +14% | +$997K |
|
1338
Capital Group Short Duration Income ETF
CGSD
$2.38B
| $7.49M | 0.01% |
299,166
+47,866
| +19% | +$1.2M |
|
1339
Equifax
EFX
$20.3B
| $7.48M | 0.01% |
40,822
+309
| +0.8% | +$63.1K |
|
|
AWF
1340
AllianceBernstein Global High Income Fund
AWF
$870M
| $7.46M | 0.01% |
769,386
+6,122
| +0.8% | +$60.4K |
|
1341
Sunoco
SUN
$14.4B
| $7.46M | 0.01% |
152,429
+7,383
| +5% | +$335K |
|
1342
ProShares High Yield-Interest Rate Hedged ETF
HYHG
$183M
| $7.46M | 0.01% |
121,252
+4,715
| +4% | +$289K |
|
1343
eBay
EBAY
$50.6B
| $7.45M | 0.01% |
168,931
+7,011
| +4% | +$313K |
|
1344
State Street SPDR S&P North American Natural Resources ETF
NANR
$747M
| $7.44M | 0.01% |
140,527
+1,201
| +0.9% | +$64.1K |
|
1345
First Solar
FSLR
$22.7B
| $7.43M | 0.01% |
45,980
-1,318
| -3% | -$246K |
|
1346
ClearBridge Large Cap Growth Select ETF
LRGE
$374M
| $7.42M | 0.01% |
143,075
+7,263
| +5% | +$393K |
|
1347
Sixth Street Specialty
TSLX
$1.63B
| $7.41M | 0.01% |
362,462
+16,133
| +5% | +$322K |
|
1348
iShares US Regional Banks ETF
IAT
$674M
| $7.38M | 0.01% |
219,641
-102,396
| -32% | -$3.68M |
|
1349
Atmos Energy
ATO
$28.8B
| $7.38M | 0.01% |
69,663
+450
| +0.7% | +$52.5K |
|
1350
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.22B
| $7.37M | 0.01% |
185,400
+15,321
| +9% | +$623K |
|
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.