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 | |
|---|---|---|---|---|---|---|
|
TRPA
1576
Hartford AAA CLO ETF
TRPA
$103M
| $5.21M | ﹤0.01% |
136,880
+26,699
| +24% | +$1.02M |
|
|
CYBR
1577
DELISTED
CyberArk
CYBR
| $5.21M | ﹤0.01% |
31,759
+2,812
| +10% | +$452K |
|
1578
ClearShares Ultra-Short Maturity ETF
OPER
$110M
| $5.19M | ﹤0.01% |
51,803
+8,392
| +19% | +$843K |
|
1579
Macerich
MAC
$7.33B
| $5.19M | ﹤0.01% |
475,570
+25,076
| +6% | +$299K |
|
1580
ProShares Investment Grade-Interest Rate Hedged
IGHG
$330M
| $5.16M | ﹤0.01% |
69,706
+1,937
| +3% | +$142K |
|
1581
Timothy Plan US Large/Mid Cap Core ETF
TPLC
$306M
| $5.14M | ﹤0.01% |
148,992
+59,946
| +67% | +$2.15M |
|
1582
Fidelity Low Volatility Factor ETF
FDLO
$1.44B
| $5.13M | ﹤0.01% |
105,403
+10,104
| +11% | +$507K |
|
1583
Tyler Technologies
TYL
$12.7B
| $5.12M | ﹤0.01% |
13,261
-4,655
| -26% | -$1.83M |
|
1584
Corpay
CPAY
$25B
| $5.12M | ﹤0.01% |
20,051
+1,178
| +6% | +$308K |
|
1585
FlexShares Morningstar US Market Factors Tilt Index Fund
TILT
$2.19B
| $5.11M | ﹤0.01% |
31,398
-559
| -2% | -$94.9K |
|
|
ANSS
1586
DELISTED
Ansys
ANSS
| $5.11M | ﹤0.01% |
17,158
+2,588
| +18% | +$819K |
|
1587
Teledyne Technologies
TDY
$30.4B
| $5.1M | ﹤0.01% |
12,474
+5,355
| +75% | +$2.17M |
|
1588
Invesco MSCI Sustainable Future ETF
ERTH
$133M
| $5.09M | ﹤0.01% |
114,955
-31,140
| -21% | -$1.51M |
|
1589
JPMorgan BetaBuilders Canada ETF
BBCA
$10.9B
| $5.09M | ﹤0.01% |
87,455
-2,879
| -3% | -$175K |
|
1590
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.18B
| $5.07M | ﹤0.01% |
174,071
-11,956
| -6% | -$338K |
|
1591
Cornerstone Strategic Value Fund
CLM
$2.22B
| $5.06M | ﹤0.01% |
638,963
+29,003
| +5% | +$239K |
|
1592
Lamar Advertising Co
LAMR
$16.2B
| $5.06M | ﹤0.01% |
60,595
-334
| -0.5% | -$30.7K |
|
1593
ProShares Short 20+ Year Treasury ETF
TBF
$87.9M
| $5.05M | ﹤0.01% |
200,910
+38,655
| +24% | +$901K |
|
1594
FT Energy Income Partners Strategy ETF
EIPX
$561M
| $5.02M | ﹤0.01% |
237,736
+91,806
| +63% | +$1.93M |
|
1595
Ares Management
ARES
$28.9B
| $5.01M | ﹤0.01% |
48,714
+5,263
| +12% | +$532K |
|
1596
Interactive Brokers
IBKR
$39.2B
| $5.01M | ﹤0.01% |
231,356
+21,316
| +10% | +$474K |
|
1597
Landstar System
LSTR
$5.93B
| $5M | ﹤0.01% |
28,377
+3,332
| +13% | +$640K |
|
1598
NiSource
NI
$21.3B
| $4.96M | ﹤0.01% |
201,128
+70,487
| +54% | +$1.9M |
|
1599
State Street SPDR S&P Pharmaceuticals ETF
XPH
$476M
| $4.96M | ﹤0.01% |
124,782
+26,031
| +26% | +$1.1M |
|
1600
Targa Resources
TRGP
$58B
| $4.95M | ﹤0.01% |
57,779
+4,426
| +8% | +$367K |
|
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.