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 | |
|---|---|---|---|---|---|---|
1476
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $6.09M | ﹤0.01% |
165,173
-18,478
| -10% | -$720K |
|
1477
Ameren
AEE
$30.3B
| $6.09M | ﹤0.01% |
81,338
+6,379
| +9% | +$520K |
|
1478
Quest Diagnostics
DGX
$25.7B
| $6.08M | ﹤0.01% |
49,853
-399
| -0.8% | -$53.2K |
|
1479
Pacer American Energy Infrastructure ETF
USAI
$128M
| $6.07M | ﹤0.01% |
221,633
+6,043
| +3% | +$167K |
|
1480
JPMorgan International Bond Opportunities ETF
JPIB
$2.1B
| $6.05M | ﹤0.01% |
132,947
+14,176
| +12% | +$654K |
|
1481
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
| $6.05M | ﹤0.01% |
586,394
+8,124
| +1% | +$91.6K |
|
1482
Brookfield
BN
$104B
| $6.05M | ﹤0.01% |
289,994
+33,713
| +13% | +$759K |
|
1483
Invesco BulletShares 2030 Corporate Bond ETF
BSCU
$2.65B
| $6.04M | ﹤0.01% |
387,978
+128,362
| +49% | +$2.05M |
|
1484
VF Corp
VFC
$5.63B
| $6.03M | ﹤0.01% |
341,501
+44,982
| +15% | +$856K |
|
|
WIRE
1485
DELISTED
Encore Wire Corp
WIRE
| $6.03M | ﹤0.01% |
33,036
-7,966
| -19% | -$1.35M |
|
1486
First Trust Dow Jones Select MicroCap Index Fund
FDM
$261M
| $6.03M | ﹤0.01% |
110,004
-1,801
| -2% | -$103K |
|
|
AOD
1487
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
| $6.01M | ﹤0.01% |
794,875
+86,183
| +12% | +$694K |
|
1488
OGE Energy
OGE
$9.78B
| $6.01M | ﹤0.01% |
180,255
+27,589
| +18% | +$967K |
|
1489
Western Alliance Bancorporation
WAL
$8.79B
| $5.99M | ﹤0.01% |
130,266
+6,957
| +6% | +$329K |
|
1490
Cohen & Steers Infrastructure Fund
UTF
$3.11B
| $5.98M | ﹤0.01% |
305,647
+13,481
| +5% | +$297K |
|
1491
Baidu
BIDU
$37.7B
| $5.98M | ﹤0.01% |
44,523
+1,807
| +4% | +$253K |
|
1492
RLI Corp
RLI
$5.62B
| $5.98M | ﹤0.01% |
87,998
+10
| +0% | +$675 |
|
1493
Ferrari
RACE
$69.2B
| $5.98M | ﹤0.01% |
20,225
-3,519
| -15% | -$1.09M |
|
1494
Invesco Energy Exploration & Production ETF
PXE
$89.6M
| $5.97M | ﹤0.01% |
183,496
+25,996
| +17% | +$811K |
|
1495
Invesco S&P 500 Downside Hedged ETF
PHDG
$73.7M
| $5.96M | ﹤0.01% |
191,364
-46,021
| -19% | -$1.51M |
|
1496
Booz Allen Hamilton
BAH
$8.39B
| $5.95M | ﹤0.01% |
54,409
+9,558
| +21% | +$1.1M |
|
1497
Markel Group
MKL
$23.3B
| $5.95M | ﹤0.01% |
4,038
+192
| +5% | +$281K |
|
|
DSL
1498
DoubleLine Income Solutions Fund
DSL
$1.22B
| $5.94M | ﹤0.01% |
506,498
+27,873
| +6% | +$334K |
|
1499
iShares MSCI Emerging Markets Small-Cap ETF
EEMS
$349M
| $5.93M | ﹤0.01% |
108,555
+12,261
| +13% | +$678K |
|
1500
WisdomTree US MidCap Fund
EZM
$940M
| $5.92M | ﹤0.01% |
116,638
+1,465
| +1% | +$78K |
|
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.