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 | |
|---|---|---|---|---|---|---|
|
RCS
1851
PIMCO Strategic Income Fund
RCS
$244M
| $3.42M | ﹤0.01% |
643,213
+102,907
| +19% | +$564K |
|
1852
Symbotic
SYM
$5.48B
| $3.41M | ﹤0.01% |
102,059
+87,006
| +578% | +$3.58M |
|
1853
WisdomTree Japan SmallCap Dividend Fund
DFJ
$385M
| $3.41M | ﹤0.01% |
49,386
+28,758
| +139% | +$1.99M |
|
1854
Teradata
TDC
$2.92B
| $3.4M | ﹤0.01% |
75,608
+4,972
| +7% | +$243K |
|
1855
Franklin Short Duration US Government ETF
FTSD
$300M
| $3.4M | ﹤0.01% |
38,109
+7,433
| +24% | +$664K |
|
1856
Sarepta Therapeutics
SRPT
$1.57B
| $3.4M | ﹤0.01% |
28,012
-3,675
| -12% | -$415K |
|
1857
STAG Industrial
STAG
$7.38B
| $3.4M | ﹤0.01% |
98,377
+7,795
| +9% | +$283K |
|
1858
AGCO
AGCO
$7.15B
| $3.39M | ﹤0.01% |
28,747
+2,981
| +12% | +$379K |
|
1859
Ollie's Bargain Outlet
OLLI
$4.44B
| $3.38M | ﹤0.01% |
43,560
+3,905
| +10% | +$285K |
|
|
RFI
1860
Cohen & Steers Total Return Realty Fund
RFI
$308M
| $3.38M | ﹤0.01% |
322,179
+2,250
| +0.7% | +$25.4K |
|
|
BTX
1861
BlackRock Technology and Private Equity Term Trust
BTX
$940M
| $3.37M | ﹤0.01% |
484,338
-40,274
| -8% | -$307K |
|
1862
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
$2.24B
| $3.37M | ﹤0.01% |
149,977
+38,389
| +34% | +$865K |
|
1863
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$84.8M
| $3.36M | ﹤0.01% |
40,264
+16,525
| +70% | +$1.43M |
|
1864
State Street SPDR S&P Emerging Asia Pacific ETF
GMF
$425M
| $3.36M | ﹤0.01% |
34,508
-70,165
| -67% | -$7.01M |
|
1865
PENN Entertainment
PENN
$2.75B
| $3.35M | ﹤0.01% |
146,056
+9,083
| +7% | +$220K |
|
1866
Avantis Short-Term Fixed Income ETF
AVSF
$654M
| $3.34M | ﹤0.01% |
73,409
+5,942
| +9% | +$272K |
|
1867
Pacer Cash Cows Fund of Funds ETF
HERD
$99.9M
| $3.34M | ﹤0.01% |
96,643
-28,995
| -23% | -$1.02M |
|
1868
iShares iBonds Dec 2027 Term Muni Bond ETF
IBMP
$651M
| $3.34M | ﹤0.01% |
136,497
+2,703
| +2% | +$67.3K |
|
1869
Healthpeak Properties
DOC
$15.1B
| $3.33M | ﹤0.01% |
181,500
+6,153
| +4% | +$126K |
|
1870
Petrobras
PBR
$125B
| $3.33M | ﹤0.01% |
222,120
+86,421
| +64% | +$1.23M |
|
1871
NetEase
NTES
$85.3B
| $3.33M | ﹤0.01% |
33,225
+3,474
| +12% | +$356K |
|
1872
Vanguard ESG International Stock ETF
VSGX
$6.52B
| $3.33M | ﹤0.01% |
65,962
+2,069
| +3% | +$109K |
|
1873
Okta
OKTA
$24.7B
| $3.33M | ﹤0.01% |
40,811
-976
| -2% | -$74K |
|
1874
Teck Resources
TECK
$29.6B
| $3.33M | ﹤0.01% |
77,186
+3,083
| +4% | +$128K |
|
1875
CNX Resources
CNX
$5.3B
| $3.32M | ﹤0.01% |
147,208
-1,085
| -0.7% | -$22.5K |
|
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.