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 | |
|---|---|---|---|---|---|---|
1426
WisdomTree Managed Futures Strategy Fund
WTMF
$245M
| $6.68M | ﹤0.01% |
189,750
+22,539
| +13% | +$791K |
|
1427
Blackstone Mortgage Trust
BXMT
$2.45B
| $6.68M | ﹤0.01% |
306,956
-27,617
| -8% | -$612K |
|
1428
Defiance Quantum ETF
QTUM
$5.23B
| $6.66M | ﹤0.01% |
138,896
+5,832
| +4% | +$293K |
|
1429
CoStar Group
CSGP
$11.7B
| $6.66M | ﹤0.01% |
86,580
+12,422
| +17% | +$1.03M |
|
|
CPE
1430
DELISTED
Callon Petroleum Company
CPE
| $6.66M | ﹤0.01% |
170,123
+158,712
| +1,391% | +$5.86M |
|
1431
TransDigm Group
TDG
$70.2B
| $6.63M | ﹤0.01% |
7,867
-723
| -8% | -$634K |
|
1432
First Trust Multi Cap Value AlphaDEX Fund
FAB
$163M
| $6.61M | ﹤0.01% |
94,860
-24,929
| -21% | -$1.81M |
|
1433
iShares US Equity Factor ETF
LRGF
$3.58B
| $6.6M | ﹤0.01% |
152,444
+64,109
| +73% | +$2.88M |
|
1434
Cohen & Steers Closed End Opportunity Fund
FOF
$377M
| $6.6M | ﹤0.01% |
639,327
+21,647
| +4% | +$234K |
|
1435
Cohen & Steers Quality Income Realty Fund
RQI
$1.7B
| $6.59M | ﹤0.01% |
651,461
-106,342
| -14% | -$1.21M |
|
1436
Global X Internet of Things ETF
SNSR
$222M
| $6.58M | ﹤0.01% |
214,841
-115,218
| -35% | -$3.78M |
|
1437
Cambria Emerging Shareholder Yield ETF
EYLD
$838M
| $6.58M | ﹤0.01% |
229,316
+25,969
| +13% | +$746K |
|
1438
Graco
GGG
$12.9B
| $6.56M | ﹤0.01% |
90,041
-5,827
| -6% | -$460K |
|
|
QVMT
1439
Invesco S&P 500 Concentrated QVM ETF
QVMT
$130M
| $6.56M | ﹤0.01% |
161,951
+8,000
| +5% | +$332K |
|
1440
Expedia Group
EXPE
$35.4B
| $6.56M | ﹤0.01% |
63,607
+2,505
| +4% | +$277K |
|
1441
State Street SPDR S&P 500 ESG ETF
EFIV
$1,000M
| $6.55M | ﹤0.01% |
157,968
-13,995
| -8% | -$605K |
|
1442
Fidelity MSCI Real Estate Index ETF
FREL
$1.5B
| $6.55M | ﹤0.01% |
287,807
+22,838
| +9% | +$565K |
|
1443
Williams-Sonoma
WSM
$26.9B
| $6.53M | ﹤0.01% |
84,006
+19,906
| +31% | +$1.37M |
|
1444
Jacobs Solutions
J
$15.9B
| $6.52M | ﹤0.01% |
57,715
+16,599
| +40% | +$1.79M |
|
1445
Rollins
ROL
$18.3B
| $6.51M | ﹤0.01% |
174,515
+28,073
| +19% | +$1.13M |
|
1446
Manhattan Associates
MANH
$11.2B
| $6.51M | ﹤0.01% |
32,881
+14,892
| +83% | +$2.91M |
|
1447
Polaris
PII
$3.82B
| $6.5M | ﹤0.01% |
62,372
+8,307
| +15% | +$987K |
|
1448
Agilent Technologies
A
$39.1B
| $6.48M | ﹤0.01% |
57,954
+5,978
| +12% | +$716K |
|
1449
iShares Europe ETF
IEV
$1.67B
| $6.46M | ﹤0.01% |
135,388
-53,972
| -29% | -$2.69M |
|
1450
JPMorgan ActiveBuilders Emerging Markets Equity ETF
JEMA
$1.61B
| $6.45M | ﹤0.01% |
186,908
+8,019
| +4% | +$291K |
|
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.