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 | |
|---|---|---|---|---|---|---|
1376
VanEck Natural Resources ETF
HAP
$302M
| $7.12M | 0.01% |
145,033
+2,255
| +2% | +$112K |
|
|
EXE
1377
Expand Energy Corp
EXE
$21.8B
| $7.11M | 0.01% |
82,509
+3,240
| +4% | +$275K |
|
1378
Cameco
CCJ
$37.6B
| $7.11M | 0.01% |
179,329
+9,116
| +5% | +$322K |
|
1379
Schwab US REIT ETF
SCHH
$11.5B
| $7.11M | 0.01% |
400,397
-2,009
| -0.5% | -$38.7K |
|
|
POWR
1380
iShares U.S. Power Infrastructure ETF
POWR
$441M
| $7.09M | 0.01% |
274,806
-8,470
| -3% | -$209K |
|
|
TPHE
1381
DELISTED
Timothy Plan High Dividend Stock Enhanced ETF
TPHE
| $7.08M | 0.01% |
321,576
+14,219
| +5% | +$325K |
|
|
CRF
1382
Cornerstone Total Return Fund
CRF
$1.16B
| $7.08M | 0.01% |
903,433
+2,291
| +0.3% | +$18.3K |
|
1383
Wheaton Precious Metals
WPM
$49.5B
| $7.08M | 0.01% |
174,515
+3,461
| +2% | +$149K |
|
|
EVV
1384
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $7.07M | ﹤0.01% |
781,737
+85,001
| +12% | +$790K |
|
1385
Reliance Steel & Aluminium
RS
$20.7B
| $7.06M | ﹤0.01% |
26,967
+735
| +3% | +$204K |
|
|
ACV
1386
Virtus Diversified Income & Convertible Fund
ACV
$278M
| $7.05M | ﹤0.01% |
377,946
+167,546
| +80% | +$3.28M |
|
1387
VanEck Rare Earth/Strategic Metals ETF
REMX
$1.95B
| $7.03M | ﹤0.01% |
106,052
-13,651
| -11% | -$1.04M |
|
1388
Avantis Core Fixed Income ETF
AVIG
$1.94B
| $7.02M | ﹤0.01% |
177,253
+36,001
| +25% | +$1.46M |
|
1389
United Airlines
UAL
$39.4B
| $7.01M | ﹤0.01% |
165,821
+5,211
| +3% | +$263K |
|
1390
Carlisle Companies
CSL
$14.3B
| $7.01M | ﹤0.01% |
27,049
+5,483
| +25% | +$1.47M |
|
1391
Cardlytics
CDLX
$21.7M
| $7M | ﹤0.01% |
42,415
+9,140
| +27% | +$1.19M |
|
1392
Agnico Eagle Mines
AEM
$73.6B
| $6.99M | ﹤0.01% |
153,772
+7,134
| +5% | +$350K |
|
1393
Inspire 100 ETF
BIBL
$485M
| $6.96M | ﹤0.01% |
222,599
+10,082
| +5% | +$331K |
|
1394
Xtrackers MSCI All World ex US Hedged Equity ETF
DBAW
$287M
| $6.94M | ﹤0.01% |
243,526
+629
| +0.3% | +$18.2K |
|
1395
Zscaler
ZS
$24.5B
| $6.93M | ﹤0.01% |
44,546
+4,121
| +10% | +$618K |
|
1396
WisdomTree True Developed International Fund
DOL
$830M
| $6.92M | ﹤0.01% |
151,784
+18,036
| +13% | +$847K |
|
1397
CDW
CDW
$18.9B
| $6.91M | ﹤0.01% |
34,257
+2,557
| +8% | +$510K |
|
1398
W.R. Berkley
WRB
$26.9B
| $6.9M | ﹤0.01% |
163,077
+59,341
| +57% | +$2.46M |
|
|
MPT
1399
Medical Properties Trust
MPT
$2.77B
| $6.9M | ﹤0.01% |
1,266,296
-264,084
| -17% | -$2.12M |
|
1400
Nordson
NDSN
$16.6B
| $6.9M | ﹤0.01% |
30,915
+4,151
| +16% | +$994K |
|
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.