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 | |
|---|---|---|---|---|---|---|
1526
First Trust Japan AlphaDEX Fund
FJP
$249M
| $5.67M | ﹤0.01% |
114,079
+80,875
| +244% | +$4.03M |
|
1527
Baker Hughes
BKR
$60B
| $5.67M | ﹤0.01% |
160,631
+14,542
| +10% | +$515K |
|
1528
First Trust Dividend Strength ETF
FTDS
$38.7M
| $5.66M | ﹤0.01% |
134,965
+4,748
| +4% | +$206K |
|
1529
Crocs
CROX
$6.14B
| $5.66M | ﹤0.01% |
64,185
+8,469
| +15% | +$870K |
|
1530
Janus Henderson Small Cap Growth Alpha ETF
JSML
$361M
| $5.66M | ﹤0.01% |
111,042
+33,477
| +43% | +$1.85M |
|
1531
Canadian Natural Resources
CNQ
$99.4B
| $5.66M | ﹤0.01% |
174,910
+10,138
| +6% | +$310K |
|
1532
Fidelity National Financial
FNF
$13.9B
| $5.65M | ﹤0.01% |
136,730
+18,266
| +15% | +$731K |
|
1533
Etsy
ETSY
$7.75B
| $5.64M | ﹤0.01% |
87,325
-96,298
| -52% | -$7.59M |
|
1534
State Street Global Allocation ETF
GAL
$304M
| $5.64M | ﹤0.01% |
147,542
+17,285
| +13% | +$688K |
|
1535
iShares Self-Driving EV and Tech ETF
IDRV
$125M
| $5.64M | ﹤0.01% |
151,544
+6,806
| +5% | +$277K |
|
|
QQQH
1536
NEOS Nasdaq-100 Hedged Equity Income ETF
QQQH
$375M
| $5.63M | ﹤0.01% |
139,736
-37,155
| -21% | -$1.58M |
|
1537
Watsco Inc
WSO
$12.7B
| $5.61M | ﹤0.01% |
14,848
+1,390
| +10% | +$503K |
|
1538
State Street SPDR FTSE International Government Inflation-Protected Bond ETF
WIP
$473M
| $5.6M | ﹤0.01% |
143,940
+14,569
| +11% | +$596K |
|
1539
Medpace
MEDP
$16.1B
| $5.6M | ﹤0.01% |
23,116
+12,380
| +115% | +$3.17M |
|
1540
BlackRock Enhanced Captial and Income Fund
CII
$988M
| $5.59M | ﹤0.01% |
299,994
+27,580
| +10% | +$518K |
|
1541
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.1B
| $5.59M | ﹤0.01% |
263,863
-16,132
| -6% | -$364K |
|
1542
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $5.56M | ﹤0.01% |
111,531
-1,125
| -1% | -$56.1K |
|
1543
Lumentum
LITE
$55.5B
| $5.55M | ﹤0.01% |
122,935
+2,511
| +2% | +$128K |
|
|
RESP
1544
DELISTED
WisdomTree U.S. ESG Fund
RESP
| $5.53M | ﹤0.01% |
125,094
+4,270
| +4% | +$197K |
|
1545
Hormel Foods
HRL
$13.8B
| $5.52M | ﹤0.01% |
145,105
+7,144
| +5% | +$281K |
|
1546
BlackRock Credit Allocation Income Trust
BTZ
$930M
| $5.51M | ﹤0.01% |
569,365
+2,005
| +0.4% | +$20.1K |
|
1547
Jabil
JBL
$33B
| $5.51M | ﹤0.01% |
43,425
+266
| +0.6% | +$29.1K |
|
1548
Davis Select US Equity ETF
DUSA
$1.27B
| $5.51M | ﹤0.01% |
174,327
-1,425
| -0.8% | -$46.6K |
|
1549
Restaurant Brands International
QSR
$25.7B
| $5.49M | ﹤0.01% |
82,425
+5,325
| +7% | +$382K |
|
1550
PUT
Organon & Co
OGN
$3.56B
| $5.49M | ﹤0.01% |
+316,300
| New | +$6.6M |
|
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.