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 | |
|---|---|---|---|---|---|---|
1901
First Trust Global Wind Energy ETF
FAN
$278M
| $3.22M | ﹤0.01% |
222,558
-14,271
| -6% | -$231K |
|
1902
Davis Select Worldwide ETF
DWLD
$608M
| $3.22M | ﹤0.01% |
116,995
-5,081
| -4% | -$147K |
|
1903
Antero Midstream
AM
$10.4B
| $3.21M | ﹤0.01% |
268,284
+14,767
| +6% | +$175K |
|
1904
iShares MSCI South Korea ETF
EWY
$21.9B
| $3.21M | ﹤0.01% |
54,499
-34,895
| -39% | -$2.21M |
|
1905
Invesco S&P SmallCap Health Care ETF
PSCH
$163M
| $3.21M | ﹤0.01% |
85,447
-107,333
| -56% | -$4.47M |
|
1906
Xtrackers MSCI EAFE High Dividend Yield Equity ETF
HDEF
$2.34B
| $3.21M | ﹤0.01% |
141,969
+38,540
| +37% | +$890K |
|
1907
Comfort Systems
FIX
$60.9B
| $3.2M | ﹤0.01% |
18,796
+1,579
| +9% | +$277K |
|
1908
Onto Innovation
ONTO
$12.9B
| $3.2M | ﹤0.01% |
25,191
-2,161
| -8% | -$257K |
|
1909
NetApp
NTAP
$35B
| $3.19M | ﹤0.01% |
42,026
+3,426
| +9% | +$265K |
|
1910
Shift4
FOUR
$4.2B
| $3.19M | ﹤0.01% |
57,566
-1,806
| -3% | -$110K |
|
|
NHS
1911
Neuberger High Yield Strategies Fund Inc
NHS
$251M
| $3.19M | ﹤0.01% |
423,263
-24,111
| -5% | -$184K |
|
1912
Invesco Investment Grade Defensive ETF
IIGD
$26.7M
| $3.18M | ﹤0.01% |
135,740
-71,341
| -34% | -$1.69M |
|
|
FFC
1913
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$777M
| $3.17M | ﹤0.01% |
244,617
+15,444
| +7% | +$208K |
|
|
HQH
1914
abrdn Healthcare Investors
HQH
$1.25B
| $3.17M | ﹤0.01% |
203,705
-53,705
| -21% | -$896K |
|
1915
WEX
WEX
$6.37B
| $3.17M | ﹤0.01% |
16,911
-6,529
| -28% | -$1.26M |
|
1916
Commerce Bancshares
CBSH
$8.53B
| $3.16M | ﹤0.01% |
76,289
+360
| +0.5% | +$15.6K |
|
1917
CubeSmart
CUBE
$9.39B
| $3.16M | ﹤0.01% |
82,909
+1,464
| +2% | +$61.8K |
|
1918
Boston Properties
BXP
$11.2B
| $3.16M | ﹤0.01% |
53,137
-13,357
| -20% | -$855K |
|
1919
Insulet
PODD
$11.5B
| $3.16M | ﹤0.01% |
19,813
-1,831
| -8% | -$410K |
|
1920
iShares USD Green Bond ETF
BGRN
$497M
| $3.15M | ﹤0.01% |
69,852
+780
| +1% | +$35.8K |
|
1921
Performance Food Group
PFGC
$18B
| $3.15M | ﹤0.01% |
53,494
+9,241
| +21% | +$559K |
|
1922
First Trust Exchange-Traded Fund VI First Trust Dorsey Wright Momentum & Dividend ETF
DDIV
$72.8M
| $3.14M | ﹤0.01% |
113,144
-148,072
| -57% | -$4.25M |
|
1923
Pan American Silver
PAAS
$18.2B
| $3.14M | ﹤0.01% |
216,626
+10,859
| +5% | +$170K |
|
|
ETW
1924
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
$1.03B
| $3.14M | ﹤0.01% |
410,399
+29,750
| +8% | +$239K |
|
1925
InvenTrust Properties
IVT
$2.76B
| $3.13M | ﹤0.01% |
131,507
+2,724
| +2% | +$65.5K |
|
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.