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 | |
|---|---|---|---|---|---|---|
1976
Axcelis
ACLS
$3.94B
| $2.94M | ﹤0.01% |
18,053
+5,944
| +49% | +$1.05M |
|
1977
ICF International
ICFI
$1.51B
| $2.93M | ﹤0.01% |
24,390
+2,186
| +10% | +$273K |
|
1978
HEICO Corp
HEI
$50.8B
| $2.93M | ﹤0.01% |
18,114
+2,201
| +14% | +$374K |
|
1979
Trex
TREX
$4.65B
| $2.93M | ﹤0.01% |
47,542
+3,086
| +7% | +$212K |
|
1980
EPAM Systems
EPAM
$5.62B
| $2.93M | ﹤0.01% |
11,443
-1,598
| -12% | -$395K |
|
1981
Invesco Pharmaceuticals ETF
PJP
$463M
| $2.93M | ﹤0.01% |
40,429
-1,128
| -3% | -$86.5K |
|
1982
Live Nation Entertainment
LYV
$41.1B
| $2.92M | ﹤0.01% |
35,186
-7,439
| -17% | -$648K |
|
1983
Invesco
IVZ
$13.2B
| $2.92M | ﹤0.01% |
201,175
+2,800
| +1% | +$45.1K |
|
1984
Hasbro
HAS
$13.2B
| $2.92M | ﹤0.01% |
44,136
-1,717
| -4% | -$114K |
|
1985
Innovator Growth-100 Power Buffer ETF July
NJUL
$249M
| $2.92M | ﹤0.01% |
+57,454
| New | +$2.96M |
|
|
EMD
1986
Western Asset Emerging Markets Debt Fund
EMD
$609M
| $2.92M | ﹤0.01% |
351,273
-47,317
| -12% | -$417K |
|
1987
Tapestry
TPR
$31.5B
| $2.9M | ﹤0.01% |
100,957
+13,536
| +15% | +$496K |
|
1988
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$715M
| $2.9M | ﹤0.01% |
55,207
-4,734
| -8% | -$267K |
|
1989
PIMCO Senior Loan Active Exchange-Traded Fund
LONZ
$581M
| $2.9M | ﹤0.01% |
57,572
+51,369
| +828% | +$2.57M |
|
1990
Global X Nasdaq 100 Covered Call & Growth ETF
QYLG
$156M
| $2.89M | ﹤0.01% |
109,384
+11,965
| +12% | +$330K |
|
|
LAND
1991
Gladstone Land Corp
LAND
$351M
| $2.89M | ﹤0.01% |
203,305
-670
| -0.3% | -$10.7K |
|
1992
Collegium Pharmaceutical
COLL
$1.15B
| $2.89M | ﹤0.01% |
129,309
-12,713
| -9% | -$290K |
|
1993
WisdomTree Artificial Intelligence and Innovation Fund
WTAI
$621M
| $2.89M | ﹤0.01% |
165,827
+154,674
| +1,387% | +$2.88M |
|
|
LGI
1994
Lazard Global Total Return & Income Fund
LGI
$236M
| $2.88M | ﹤0.01% |
208,447
+30,069
| +17% | +$448K |
|
1995
Dimensional US Real Estate ETF
DFAR
$1.79B
| $2.88M | ﹤0.01% |
147,628
-58,253
| -28% | -$1.24M |
|
1996
Acadia Healthcare
ACHC
$2.8B
| $2.88M | ﹤0.01% |
40,975
+1,243
| +3% | +$92.9K |
|
1997
BorgWarner
BWA
$13.1B
| $2.88M | ﹤0.01% |
71,338
+4,082
| +6% | +$173K |
|
1998
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
$3B
| $2.88M | ﹤0.01% |
59,412
+8,826
| +17% | +$452K |
|
1999
Global X Emerging Markets Great Consumer ETF
EMC
$54.9M
| $2.88M | ﹤0.01% |
121,207
-41,921
| -26% | -$1.05M |
|
2000
AutoNation
AN
$7.35B
| $2.87M | ﹤0.01% |
18,956
+1,600
| +9% | +$255K |
|
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.