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 | |
|---|---|---|---|---|---|---|
1826
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$770M
| $3.51M | ﹤0.01% |
99,073
+25,200
| +34% | +$903K |
|
1827
MP Materials
MP
$7.36B
| $3.51M | ﹤0.01% |
183,750
-59,711
| -25% | -$1.32M |
|
1828
BlackRock Science and Technology Term Trust
BSTZ
$1.95B
| $3.51M | ﹤0.01% |
212,646
+1,974
| +0.9% | +$34.9K |
|
1829
Gladstone Capital
GLAD
$422M
| $3.5M | ﹤0.01% |
181,676
+7,560
| +4% | +$156K |
|
1830
RBC Bearings
RBC
$17.4B
| $3.5M | ﹤0.01% |
15,086
+995
| +7% | +$226K |
|
1831
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
| $3.5M | ﹤0.01% |
377,381
+15,942
| +4% | +$163K |
|
|
CIK
1832
Credit Suisse Asset Management Income Fund
CIK
$134M
| $3.49M | ﹤0.01% |
1,345,872
-70,056
| -5% | -$200K |
|
1833
EXL Service
EXLS
$5.14B
| $3.48M | ﹤0.01% |
124,213
+14,018
| +13% | +$410K |
|
1834
LKQ Corp
LKQ
$5.68B
| $3.48M | ﹤0.01% |
70,264
+3,195
| +5% | +$171K |
|
1835
Pacer Trendpilot European Index ETF
PTEU
$37M
| $3.48M | ﹤0.01% |
140,566
+83,604
| +147% | +$2.2M |
|
1836
Franklin FTSE Latin America
FLLA
$111M
| $3.48M | ﹤0.01% |
160,490
+10,579
| +7% | +$240K |
|
|
EOS
1837
Eaton Vance Enhance Equity Income Fund II
EOS
$1.13B
| $3.48M | ﹤0.01% |
202,322
-11,130
| -5% | -$199K |
|
1838
Franklin US Core Bond ETF
FLCB
$3.01B
| $3.47M | ﹤0.01% |
169,306
-40,837
| -19% | -$858K |
|
1839
Synchrony
SYF
$24.7B
| $3.47M | ﹤0.01% |
113,448
+43,310
| +62% | +$1.44M |
|
|
OPPJ
1840
WisdomTree Trust WisdomTree Japan Opportunities Fund
OPPJ
$275M
| $3.46M | ﹤0.01% |
120,357
+59,001
| +96% | +$1.64M |
|
1841
Tecnoglass Holdings Inc.
TGLS
$1.93B
| $3.46M | ﹤0.01% |
104,862
+20,640
| +25% | +$843K |
|
1842
US Foods
USFD
$22.2B
| $3.46M | ﹤0.01% |
87,032
+1,259
| +1% | +$52.2K |
|
1843
Willis Towers Watson
WTW
$31.2B
| $3.45M | ﹤0.01% |
16,511
+370
| +2% | +$79K |
|
1844
NIO
NIO
$12.2B
| $3.44M | ﹤0.01% |
380,979
+88,015
| +30% | +$980K |
|
1845
FirstCash
FCFS
$8.85B
| $3.44M | ﹤0.01% |
34,299
-12,721
| -27% | -$1.2M |
|
1846
iShares MSCI Intl Value Factor ETF
IVLU
$4.42B
| $3.44M | ﹤0.01% |
135,565
+13,441
| +11% | +$346K |
|
1847
First Trust Indxx Innovative Transaction & Process ETF
LEGR
$131M
| $3.43M | ﹤0.01% |
93,078
+7,607
| +9% | +$291K |
|
1848
Innovator S&P Investment Grade Preferred ETF
EPRF
$68.8M
| $3.43M | ﹤0.01% |
194,892
-33,179
| -15% | -$598K |
|
1849
Dick's Sporting Goods
DKS
$17.5B
| $3.43M | ﹤0.01% |
31,603
-5,407
| -15% | -$684K |
|
1850
WisdomTree Dynamic International SmallCap Equity Fund
DDLS
$432M
| $3.43M | ﹤0.01% |
112,095
+105,449
| +1,587% | +$3.31M |
|
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.