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 | |
|---|---|---|---|---|---|---|
1926
Ryanair
RYAAY
$30.4B
| $3.13M | ﹤0.01% |
80,488
+21,500
| +36% | +$873K |
|
|
FPI
1927
Farmland Partners
FPI
$408M
| $3.13M | ﹤0.01% |
304,930
+2,570
| +0.8% | +$29.3K |
|
1928
Northern Oil and Gas
NOG
$2.3B
| $3.13M | ﹤0.01% |
77,754
+23,714
| +44% | +$935K |
|
1929
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.84B
| $3.13M | ﹤0.01% |
147,518
+63,293
| +75% | +$1.52M |
|
1930
United States Natural Gas Fund
UNG
$456M
| $3.13M | ﹤0.01% |
114,414
+16,498
| +17% | +$461K |
|
1931
Invesco KBW Bank ETF
KBWB
$6.84B
| $3.12M | ﹤0.01% |
77,882
-187,430
| -71% | -$7.99M |
|
1932
Magna International
MGA
$18.7B
| $3.12M | ﹤0.01% |
58,182
+3,939
| +7% | +$230K |
|
1933
Invesco CurrencyShares British Pound Sterling Trust
FXB
$77.8M
| $3.11M | ﹤0.01% |
26,478
+15,184
| +134% | +$1.85M |
|
1934
Lithia Motors
LAD
$8.47B
| $3.11M | ﹤0.01% |
10,525
+98
| +0.9% | +$29.9K |
|
1935
QuantumScape Corp
QS
$3.21B
| $3.11M | ﹤0.01% |
464,442
-144,528
| -24% | -$1.18M |
|
1936
Blackstone Secured Lending
BXSL
$5.37B
| $3.1M | ﹤0.01% |
113,440
+31,589
| +39% | +$874K |
|
1937
Emcor
EME
$35.2B
| $3.1M | ﹤0.01% |
14,712
+2,894
| +24% | +$605K |
|
1938
First Trust Horizon Managed Volatility Small/Mid ETF
HSMV
$35.2M
| $3.09M | ﹤0.01% |
105,024
-1,351
| -1% | -$41.8K |
|
1939
Fluor
FLR
$7.01B
| $3.08M | ﹤0.01% |
84,020
-4,078
| -5% | -$137K |
|
1940
Boyd Gaming
BYD
$6.18B
| $3.08M | ﹤0.01% |
50,665
+11,905
| +31% | +$793K |
|
|
PDT
1941
John Hancock Premium Dividend Fund
PDT
$634M
| $3.08M | ﹤0.01% |
319,751
+85,687
| +37% | +$907K |
|
1942
iShares Global Materials ETF
MXI
$338M
| $3.08M | ﹤0.01% |
39,179
-1,481
| -4% | -$121K |
|
1943
Vanguard US Quality Factor ETF
VFQY
$480M
| $3.07M | ﹤0.01% |
27,337
+4,068
| +17% | +$470K |
|
1944
FT Vest US Equity Deep Buffer ETF August
DAUG
$370M
| $3.06M | ﹤0.01% |
92,564
-31,275
| -25% | -$1.06M |
|
1945
Independence Realty Trust
IRT
$3.92B
| $3.06M | ﹤0.01% |
217,479
-16,992
| -7% | -$280K |
|
|
HTD
1946
John Hancock Tax-Advantaged Dividend Income Fund
HTD
$913M
| $3.06M | ﹤0.01% |
172,249
-51,072
| -23% | -$1M |
|
1947
FlexShares International Quality Dividend Dynamic Index Fund
IQDY
$110M
| $3.04M | ﹤0.01% |
121,229
-802
| -0.7% | -$21.1K |
|
|
FITE
1948
State Street SPDR S&P Kensho Future Security ETF
FITE
$143M
| $3.04M | ﹤0.01% |
64,977
+1,128
| +2% | +$54.4K |
|
1949
Caesars Entertainment
CZR
$6.06B
| $3.04M | ﹤0.01% |
65,630
-347,794
| -84% | -$18.5M |
|
1950
PBF Energy
PBF
$8.57B
| $3.03M | ﹤0.01% |
56,678
-1,204
| -2% | -$57.3K |
|
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.