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 | |
|---|---|---|---|---|---|---|
|
DFAI
2026
Dimensional International Core Equity Market ETF
DFAI
$17.4B
| $2.79M | ﹤0.01% |
107,027
+10,469
| +11% | +$284K |
|
2027
Alnylam Pharmaceuticals
ALNY
$27.5B
| $2.79M | ﹤0.01% |
15,770
+895
| +6% | +$171K |
|
2028
Kimbell Royalty Partners
KRP
$1.48B
| $2.79M | ﹤0.01% |
174,455
+19,146
| +12% | +$290K |
|
2029
Fidelity Value Factor ETF
FVAL
$1.3B
| $2.79M | ﹤0.01% |
58,284
+1,759
| +3% | +$87.1K |
|
2030
Cenovus Energy
CVE
$55.7B
| $2.79M | ﹤0.01% |
133,949
-8,565
| -6% | -$164K |
|
2031
Black Stone Minerals
BSM
$3.18B
| $2.79M | ﹤0.01% |
161,826
+46,216
| +40% | +$788K |
|
2032
Liberty Media Series C
FWONK
$24.6B
| $2.79M | ﹤0.01% |
44,733
+13,769
| +44% | +$945K |
|
2033
iShares Morningstar Multi-Asset Income ETF
IYLD
$125M
| $2.79M | ﹤0.01% |
146,340
+6,639
| +5% | +$128K |
|
2034
Ally Financial
ALLY
$13.2B
| $2.78M | ﹤0.01% |
104,345
-6,902
| -6% | -$193K |
|
2035
KraneShares Electric Vehicles and Future Mobility Index ETF
KARS
$76.9M
| $2.78M | ﹤0.01% |
100,837
-5,425
| -5% | -$167K |
|
2036
WBI BullBear Quality 3000 ETF
WBIL
$30.1M
| $2.77M | ﹤0.01% |
96,341
-11,670
| -11% | -$346K |
|
2037
Zions Bancorporation
ZION
$10.2B
| $2.77M | ﹤0.01% |
79,300
+436
| +0.6% | +$15.2K |
|
2038
SiteOne Landscape Supply
SITE
$4.12B
| $2.76M | ﹤0.01% |
16,916
+2,922
| +21% | +$477K |
|
2039
iShares iBonds Dec 2027 Term Treasury ETF
IBTH
$2.25B
| $2.76M | ﹤0.01% |
126,531
+11,300
| +10% | +$249K |
|
|
ASG
2040
Liberty All-Star Growth Fund
ASG
$328M
| $2.76M | ﹤0.01% |
558,888
+105,527
| +23% | +$554K |
|
2041
Repligen
RGEN
$7.96B
| $2.76M | ﹤0.01% |
17,538
-262
| -1% | -$42.8K |
|
2042
Invesco S&P 500 Value with Momentum ETF
SPVM
$129M
| $2.76M | ﹤0.01% |
58,135
-4,377
| -7% | -$213K |
|
2043
HF Sinclair
DINO
$16.3B
| $2.76M | ﹤0.01% |
48,442
+3,283
| +7% | +$178K |
|
|
WRK
2044
DELISTED
WestRock Company
WRK
| $2.75M | ﹤0.01% |
76,949
-36,345
| -32% | -$1.19M |
|
2045
Forestar Group
FOR
$1.44B
| $2.74M | ﹤0.01% |
101,598
+403
| +0.4% | +$11.1K |
|
2046
abrdn Physical Palladium Shares ETF
PALL
$618M
| $2.74M | ﹤0.01% |
118,865
+42,195
| +55% | +$975K |
|
2047
Bio-Techne
TECH
$11.2B
| $2.73M | ﹤0.01% |
40,412
+2,363
| +6% | +$187K |
|
2048
GoDaddy
GDDY
$11B
| $2.73M | ﹤0.01% |
36,638
+271
| +0.7% | +$20K |
|
2049
HSBC
HSBC
$365B
| $2.73M | ﹤0.01% |
69,062
+7,586
| +12% | +$299K |
|
2050
BioMarin Pharmaceuticals
BMRN
$11.6B
| $2.72M | ﹤0.01% |
30,792
+3,982
| +15% | +$354K |
|
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.