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 | |
|---|---|---|---|---|---|---|
1751
iShares Emerging Markets Equity Factor ETF
EMGF
$1.82B
| $3.85M | ﹤0.01% |
94,151
+5,752
| +7% | +$242K |
|
|
CMA
1752
DELISTED
Comerica
CMA
| $3.85M | ﹤0.01% |
92,641
-2,021
| -2% | -$95.8K |
|
1753
JPMorgan BetaBuilders Europe ETF
BBEU
$9.35B
| $3.84M | ﹤0.01% |
75,616
-10,173
| -12% | -$543K |
|
1754
e.l.f. Beauty
ELF
$4.89B
| $3.84M | ﹤0.01% |
34,976
+12,481
| +55% | +$1.52M |
|
1755
Franklin Income Focus ETF
INCM
$1.69B
| $3.84M | ﹤0.01% |
+157,983
| New | +$3.94M |
|
1756
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
$2.54B
| $3.83M | ﹤0.01% |
165,295
-25,560
| -13% | -$597K |
|
|
LAC
1757
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $3.81M | ﹤0.01% |
223,701
+101,174
| +83% | +$1.91M |
|
1758
Aehr Test Systems
AEHR
$2.61B
| $3.8M | ﹤0.01% |
83,198
+6,243
| +8% | +$289K |
|
1759
Xtrackers MSCI Japan Hedged Equity ETF
DBJP
$679M
| $3.8M | ﹤0.01% |
63,117
+16,939
| +37% | +$1M |
|
1760
Stellantis
STLA
$21.7B
| $3.8M | ﹤0.01% |
198,462
+43,313
| +28% | +$811K |
|
1761
Goldman Sachs Access Ultra Short Bond ETF
GSST
$1.57B
| $3.8M | ﹤0.01% |
76,022
+8,822
| +13% | +$440K |
|
1762
Molina Healthcare
MOH
$10.2B
| $3.79M | ﹤0.01% |
11,572
+333
| +3% | +$105K |
|
1763
Wabtec
WAB
$49.1B
| $3.79M | ﹤0.01% |
35,690
-530
| -1% | -$59K |
|
1764
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$800M
| $3.79M | ﹤0.01% |
117,837
+83,487
| +243% | +$2.69M |
|
1765
Everest Group
EG
$14.5B
| $3.78M | ﹤0.01% |
10,166
+3,521
| +53% | +$1.28M |
|
1766
Knife River
KNF
$4.15B
| $3.77M | ﹤0.01% |
77,296
+4,409
| +6% | +$209K |
|
1767
Invesco Global Clean Energy ETF
PBD
$182M
| $3.77M | ﹤0.01% |
245,125
-17,246
| -7% | -$307K |
|
1768
Innovator US Equity Power Buffer ETF July
PJUL
$1.23B
| $3.76M | ﹤0.01% |
111,684
+94,502
| +550% | +$3.25M |
|
1769
Jefferies Financial Group
JEF
$12.6B
| $3.75M | ﹤0.01% |
102,487
+395
| +0.4% | +$14.2K |
|
1770
iShares MSCI Japan Small-Cap ETF
SCJ
$253M
| $3.75M | ﹤0.01% |
55,241
+9,780
| +22% | +$680K |
|
|
WCN
1771
Waste Connections
WCN
$42.2B
| $3.75M | ﹤0.01% |
27,950
+9,956
| +55% | +$1.39M |
|
1772
Franklin High Yield Corporate ETF
FLHY
$1.21B
| $3.75M | ﹤0.01% |
166,707
-124,072
| -43% | -$2.82M |
|
1773
SEI Investments
SEIC
$12.4B
| $3.74M | ﹤0.01% |
62,176
+14,722
| +31% | +$905K |
|
1774
Rithm Capital
RITM
$5.52B
| $3.74M | ﹤0.01% |
402,313
-12,881
| -3% | -$127K |
|
1775
Houlihan Lokey
HLI
$8.77B
| $3.73M | ﹤0.01% |
34,836
+3,917
| +13% | +$404K |
|
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.