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 | |
|---|---|---|---|---|---|---|
151
Coca-Cola
KO
$380B
| $173M | 0.12% |
3,088,079
+144,036
| +5% | +$8.64M |
|
152
Vanguard Small-Cap Value ETF
VBR
$37.7B
| $172M | 0.12% |
1,077,461
-14,996
| -1% | -$2.51M |
|
153
First Trust Preferred Securities and Income ETF
FPE
$6.33B
| $172M | 0.12% |
10,743,607
-62,992
| -0.6% | -$1.01M |
|
154
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$38.6B
| $171M | 0.12% |
3,640,211
+889,644
| +32% | +$42.9M |
|
155
United Parcel Service
UPS
$89.7B
| $170M | 0.12% |
1,089,886
+90,618
| +9% | +$15.6M |
|
156
iShares Russell Top 200 Growth ETF
IWY
$15.6B
| $169M | 0.12% |
1,097,318
+435
| +0% | +$69.4K |
|
|
HDV
157
iShares Core High Dividend ETF
HDV
$14.7B
| $168M | 0.12% |
8,483,575
-149,870
| -2% | -$3.07M |
|
158
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$7B
| $168M | 0.12% |
8,059,294
+1,205,508
| +18% | +$25.8M |
|
159
Vanguard Mega Cap Growth ETF
MGK
$31.8B
| $167M | 0.12% |
3,689,295
+100,555
| +3% | +$4.74M |
|
160
Avantis US Small Cap Value ETF
AVUV
$30.5B
| $167M | 0.12% |
2,143,572
+337,119
| +19% | +$27.1M |
|
161
Dimensional World ex US Core Equity 2 ETF
DFAX
$11.7B
| $161M | 0.11% |
7,143,958
+112,236
| +2% | +$2.63M |
|
162
Invesco Preferred ETF
PGX
$3.81B
| $160M | 0.11% |
14,641,628
+1,587,869
| +12% | +$17.8M |
|
163
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $159M | 0.11% |
1,439,607
+136,851
| +11% | +$15.1M |
|
164
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $159M | 0.11% |
3,120,045
+156,029
| +5% | +$7.92M |
|
165
Advanced Micro Devices
AMD
$741B
| $158M | 0.11% |
1,534,463
+181,449
| +13% | +$19.7M |
|
166
iShares Select Dividend ETF
DVY
$24.1B
| $156M | 0.11% |
1,453,404
-56,497
| -4% | -$6.43M |
|
167
Invesco S&P 500 Top 50 ETF
XLG
$10.4B
| $156M | 0.11% |
4,598,014
+931,424
| +25% | +$32.8M |
|
168
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.91B
| $154M | 0.11% |
5,116,931
+202,450
| +4% | +$6.31M |
|
169
PGIM Ultra Short Bond ETF
PULS
$17.7B
| $153M | 0.11% |
3,100,802
+524,082
| +20% | +$25.9M |
|
170
Salesforce
CRM
$149B
| $153M | 0.11% |
755,836
+63,556
| +9% | +$13.7M |
|
171
Philip Morris
PM
$312B
| $153M | 0.11% |
1,654,451
+41,354
| +3% | +$3.98M |
|
172
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.99B
| $153M | 0.11% |
9,125,363
+452,159
| +5% | +$7.93M |
|
173
Vanguard Health Care ETF
VHT
$18.6B
| $153M | 0.11% |
649,495
+41,668
| +7% | +$10.2M |
|
174
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $152M | 0.11% |
2,324,729
-15,081
| -0.6% | -$1.01M |
|
175
Bank of America
BAC
$439B
| $150M | 0.1% |
5,464,573
+109,711
| +2% | +$3.25M |
|
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.