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 | |
|---|---|---|---|---|---|---|
1601
Lincoln National
LNC
$8.73B
| $4.95M | ﹤0.01% |
200,546
-257,875
| -56% | -$6.74M |
|
|
HES
1602
DELISTED
Hess
HES
| $4.95M | ﹤0.01% |
32,333
+2,121
| +7% | +$319K |
|
1603
Dolby
DLB
$5.51B
| $4.95M | ﹤0.01% |
62,406
+7,312
| +13% | +$613K |
|
1604
Bank of Hawaii
BOH
$3.15B
| $4.95M | ﹤0.01% |
99,541
-10,212
| -9% | -$525K |
|
1605
PUT
Enbridge
ENB
$119B
| $4.93M | ﹤0.01% |
+148,600
| New | +$5.27M |
|
1606
Invesco BulletShares 2027 High Yield Corporate Bond ETF
BSJR
$857M
| $4.92M | ﹤0.01% |
229,638
+45,603
| +25% | +$986K |
|
1607
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $4.89M | ﹤0.01% |
105,058
-4,785
| -4% | -$241K |
|
1608
First Trust SSI Strategic Convertible Securities ETF
FCVT
$113M
| $4.89M | ﹤0.01% |
157,287
-50,037
| -24% | -$1.61M |
|
1609
Lennox International
LII
$14.4B
| $4.88M | ﹤0.01% |
13,041
+1,085
| +9% | +$391K |
|
1610
Bank of Montreal
BMO
$126B
| $4.88M | ﹤0.01% |
57,865
+1,000
| +2% | +$87.9K |
|
1611
Global X S&P 500 Catholic Values ETF
CATH
$1.28B
| $4.86M | ﹤0.01% |
92,964
-834
| -0.9% | -$45.4K |
|
1612
BlackRock Corporate High Yield Fund
HYT
$1.36B
| $4.86M | ﹤0.01% |
562,785
+63,067
| +13% | +$566K |
|
1613
Invesco S&P 500 Equal Weight Consumer Discretionary ETF
RSPD
$317M
| $4.85M | ﹤0.01% |
115,289
+16,436
| +17% | +$741K |
|
1614
ProShares S&P Technology Dividend Aristocrats ETF
TDV
$271M
| $4.85M | ﹤0.01% |
78,063
+3,783
| +5% | +$247K |
|
|
CHW
1615
Calamos Global Dynamic Income Fund
CHW
$530M
| $4.84M | ﹤0.01% |
874,509
+437,639
| +100% | +$2.61M |
|
1616
InterContinental Hotels
IHG
$23.9B
| $4.82M | ﹤0.01% |
64,546
+53,316
| +475% | +$3.98M |
|
1617
iShares Global Infrastructure ETF
IGF
$10.9B
| $4.82M | ﹤0.01% |
111,445
+5,864
| +6% | +$270K |
|
1618
VanEck Mortgage REIT Income ETF
MORT
$360M
| $4.82M | ﹤0.01% |
423,787
+9,109
| +2% | +$108K |
|
1619
Dynatrace
DT
$12.9B
| $4.82M | ﹤0.01% |
102,988
+6,438
| +7% | +$316K |
|
1620
Coca-Cola Europacific Partners
CCEP
$48.3B
| $4.82M | ﹤0.01% |
77,086
+16,100
| +26% | +$1.02M |
|
1621
Vodafone
VOD
$36.3B
| $4.81M | ﹤0.01% |
507,280
-49,176
| -9% | -$466K |
|
1622
Gaming and Leisure Properties
GLPI
$12.7B
| $4.79M | ﹤0.01% |
105,146
+12,656
| +14% | +$603K |
|
1623
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
TLTW
$1.84B
| $4.78M | ﹤0.01% |
+165,464
| New | +$5.15M |
|
1624
Molson Coors Class B
TAP
$7.79B
| $4.77M | ﹤0.01% |
75,030
+769
| +1% | +$50K |
|
1625
Mid-America Apartment Communities
MAA
$15.4B
| $4.77M | ﹤0.01% |
37,072
+16,842
| +83% | +$2.43M |
|
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.