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 | |
|---|---|---|---|---|---|---|
1776
CRH
CRH
$63.2B
| $3.73M | ﹤0.01% |
68,105
+11,494
| +20% | +$653K |
|
1777
National Fuel Gas
NFG
$7.82B
| $3.73M | ﹤0.01% |
71,774
+29,834
| +71% | +$1.57M |
|
|
PBT
1778
Permian Basin Royalty Trust
PBT
$1.38B
| $3.72M | ﹤0.01% |
175,257
+7,498
| +4% | +$170K |
|
|
PCN
1779
PIMCO Corporate & Income Strategy Fund
PCN
$870M
| $3.72M | ﹤0.01% |
305,848
+42,772
| +16% | +$581K |
|
1780
Golub Capital BDC
GBDC
$3.34B
| $3.72M | ﹤0.01% |
253,454
+7,989
| +3% | +$113K |
|
1781
Howmet Aerospace
HWM
$113B
| $3.72M | ﹤0.01% |
80,357
+10,375
| +15% | +$506K |
|
1782
Ionis Pharmaceuticals
IONS
$8.6B
| $3.71M | ﹤0.01% |
81,816
-219
| -0.3% | -$9.04K |
|
1783
AptarGroup
ATR
$8.55B
| $3.71M | ﹤0.01% |
29,665
+1,402
| +5% | +$172K |
|
1784
iShares China Large-Cap ETF
FXI
$4.37B
| $3.71M | ﹤0.01% |
139,736
-32,653
| -19% | -$901K |
|
1785
Invesco BulletShares 2028 Municipal Bond ETF
BSMS
$310M
| $3.71M | ﹤0.01% |
164,523
+13,618
| +9% | +$315K |
|
1786
Motley Fool Global Opportunities ETF
TMFG
$355M
| $3.7M | ﹤0.01% |
141,583
-1,732
| -1% | -$46.6K |
|
1787
RELX
RELX
$61.8B
| $3.7M | ﹤0.01% |
109,779
+17,283
| +19% | +$571K |
|
1788
Invesco BulletShares 2027 Municipal Bond ETF
BSMR
$344M
| $3.7M | ﹤0.01% |
161,471
+32,781
| +25% | +$767K |
|
|
LEAD
1789
DELISTED
Siren DIVCON Leaders Dividend ETF
LEAD
| $3.68M | ﹤0.01% |
67,208
+21,706
| +48% | +$1.23M |
|
1790
Otter Tail
OTTR
$3.71B
| $3.68M | ﹤0.01% |
48,447
-773
| -2% | -$63.5K |
|
1791
Vanguard US Momentum Factor ETF
VFMO
$1.77B
| $3.67M | ﹤0.01% |
32,388
+1,646
| +5% | +$197K |
|
1792
Global X FinTech ETF
FINX
$170M
| $3.65M | ﹤0.01% |
181,308
+16,024
| +10% | +$355K |
|
1793
VeriSign
VRSN
$26.2B
| $3.65M | ﹤0.01% |
18,028
+1,629
| +10% | +$338K |
|
1794
Compass Diversified
CODI
$758M
| $3.65M | ﹤0.01% |
194,524
+3,091
| +2% | +$65K |
|
1795
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.94B
| $3.65M | ﹤0.01% |
204,699
-39,005
| -16% | -$726K |
|
1796
WisdomTree International SmallCap Dividend Fund
DLS
$1.06B
| $3.65M | ﹤0.01% |
63,452
+3,048
| +5% | +$182K |
|
1797
Amplify Online Retail ETF
IBUY
$111M
| $3.64M | ﹤0.01% |
82,266
-2,574
| -3% | -$123K |
|
1798
WBI BullBear Yield 3000 ETF
WBIG
$30.1M
| $3.64M | ﹤0.01% |
165,007
-16,324
| -9% | -$375K |
|
|
IGD
1799
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$517M
| $3.64M | ﹤0.01% |
742,144
+341,279
| +85% | +$1.73M |
|
1800
First Trust NASDAQ ABA Community Bank Index Fund
QABA
$93.2M
| $3.64M | ﹤0.01% |
91,483
+6,866
| +8% | +$291K |
|
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.