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 | |
|---|---|---|---|---|---|---|
1876
HDFC Bank
HDB
$123B
| $3.32M | ﹤0.01% |
112,506
+47,432
| +73% | +$1.55M |
|
1877
Royal Gold
RGLD
$16.8B
| $3.31M | ﹤0.01% |
31,127
-2,720
| -8% | -$309K |
|
1878
Western Digital
WDC
$188B
| $3.3M | ﹤0.01% |
95,797
-16,617
| -15% | -$524K |
|
1879
Invesco S&P 500 Equal Weight Real Estate ETF
RSPR
$106M
| $3.3M | ﹤0.01% |
115,206
+5,186
| +5% | +$161K |
|
1880
Innovator US Equity Power Buffer ETF October
POCT
$963M
| $3.3M | ﹤0.01% |
97,038
+48,845
| +101% | +$1.65M |
|
|
IMVP
1881
Invesco India ETF
IMVP
$125M
| $3.29M | ﹤0.01% |
140,003
+73,290
| +110% | +$1.72M |
|
|
BRY
1882
DELISTED
Berry Corp
BRY
| $3.29M | ﹤0.01% |
400,820
+385,124
| +2,454% | +$3.09M |
|
1883
Wolfspeed
WOLF
$1.23B
| $3.28M | ﹤0.01% |
86,181
+3,824
| +5% | +$200K |
|
1884
JPMorgan USD Emerging Markets Sovereign Bond ETF
JPMB
$67.2M
| $3.28M | ﹤0.01% |
88,119
+243
| +0.3% | +$9.33K |
|
1885
Loews
L
$23.9B
| $3.27M | ﹤0.01% |
51,692
+355
| +0.7% | +$22.1K |
|
|
ZTR
1886
Virtus Total Return Fund
ZTR
$340M
| $3.27M | ﹤0.01% |
680,897
+6,729
| +1% | +$38.4K |
|
1887
ProShares Short 7-10 Year Treasury
TBX
$15.9M
| $3.26M | ﹤0.01% |
106,757
+29,291
| +38% | +$865K |
|
|
AGD
1888
abrdn Global Dynamic Dividend Fund
AGD
$318M
| $3.26M | ﹤0.01% |
376,053
-11,540
| -3% | -$108K |
|
1889
iShares MSCI France ETF
EWQ
$335M
| $3.25M | ﹤0.01% |
91,458
-209,196
| -70% | -$7.87M |
|
1890
Amplify Mobile Payments ETF
IPAY
$170M
| $3.25M | ﹤0.01% |
83,213
-20,846
| -20% | -$882K |
|
1891
Invesco Dorsey Wright Industrials Momentum ETF
PRN
$416M
| $3.25M | ﹤0.01% |
32,128
-1,260
| -4% | -$133K |
|
1892
Royce Quant Small-Cap Quality Value ETF
SQLV
$29.2M
| $3.24M | ﹤0.01% |
90,143
+2,120
| +2% | +$78.9K |
|
|
AVK
1893
Advent Convertible and Income Fund
AVK
$547M
| $3.24M | ﹤0.01% |
317,197
+26,498
| +9% | +$294K |
|
1894
OneMain Financial
OMF
$7.2B
| $3.24M | ﹤0.01% |
80,755
+16,348
| +25% | +$698K |
|
1895
Invesco Dorsey Wright Developed Markets Momentum ETF
PIZ
$724M
| $3.24M | ﹤0.01% |
112,830
-11,054
| -9% | -$335K |
|
1896
Invesco International Corporate Bond ETF
PICB
$355M
| $3.24M | ﹤0.01% |
155,538
+25,707
| +20% | +$555K |
|
1897
UGI
UGI
$7.74B
| $3.23M | ﹤0.01% |
140,621
+5,798
| +4% | +$144K |
|
1898
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$221M
| $3.23M | ﹤0.01% |
96,203
-9,298
| -9% | -$344K |
|
1899
Vanguard Total Corporate Bond ETF
VTC
$1.72B
| $3.23M | ﹤0.01% |
44,538
-3,390
| -7% | -$252K |
|
1900
United States Oil Fund
USO
$2.15B
| $3.23M | ﹤0.01% |
39,890
+233
| +0.6% | +$17.2K |
|
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.