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 | |
|---|---|---|---|---|---|---|
2051
InfraCap REIT Preferred ETF
PFFR
$119M
| $2.72M | ﹤0.01% |
156,759
+10,879
| +7% | +$190K |
|
|
EQIN
2052
Columbia U.S. Equity Income ETF
EQIN
$307M
| $2.72M | ﹤0.01% |
72,667
+18,661
| +35% | +$721K |
|
2053
Amplify Junior Silver Miners ETF
SILJ
$3.18B
| $2.71M | ﹤0.01% |
319,937
+8,849
| +3% | +$83.6K |
|
|
ABFL
2054
Abacus FCF Leaders ETF
ABFL
$522M
| $2.71M | ﹤0.01% |
52,975
+9,214
| +21% | +$485K |
|
2055
Range Resources
RRC
$9.38B
| $2.71M | ﹤0.01% |
83,651
-3,277
| -4% | -$103K |
|
2056
ScottsMiracle-Gro
SMG
$3.82B
| $2.71M | ﹤0.01% |
52,448
+5,664
| +12% | +$328K |
|
2057
CBRE Group
CBRE
$42.5B
| $2.7M | ﹤0.01% |
36,585
-1,318
| -3% | -$109K |
|
2058
Teladoc Health
TDOC
$1.22B
| $2.7M | ﹤0.01% |
145,249
+14,539
| +11% | +$339K |
|
2059
Innovative Industrial Properties
IIPR
$1.71B
| $2.7M | ﹤0.01% |
35,682
+2,741
| +8% | +$219K |
|
2060
UBS Group
UBS
$173B
| $2.69M | ﹤0.01% |
109,282
+802
| +0.7% | +$18.7K |
|
2061
Helen of Troy
HELE
$644M
| $2.69M | ﹤0.01% |
23,046
+4
| +0% | +$498 |
|
2062
RB Global
RBA
$20.4B
| $2.68M | ﹤0.01% |
42,949
+27,348
| +175% | +$1.69M |
|
|
JHG
2063
DELISTED
Janus Henderson
JHG
| $2.68M | ﹤0.01% |
103,860
+14,768
| +17% | +$404K |
|
2064
iShares US Small Cap Equity Factor ETF
SMLF
$4.09B
| $2.68M | ﹤0.01% |
51,836
+13,683
| +36% | +$741K |
|
2065
Diodes
DIOD
$3.78B
| $2.68M | ﹤0.01% |
33,607
-53,957
| -62% | -$4.53M |
|
2066
ProShares Short Russell2000
RWM
$134M
| $2.68M | ﹤0.01% |
110,710
+19,599
| +22% | +$449K |
|
|
MMD
2067
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$280M
| $2.68M | ﹤0.01% |
168,135
+12,292
| +8% | +$204K |
|
|
XIFR
2068
XPLR Infrastructure LP
XIFR
$1.12B
| $2.67M | ﹤0.01% |
89,971
+37,752
| +72% | +$1.91M |
|
2069
Invesco DB Oil Fund
DBO
$403M
| $2.67M | ﹤0.01% |
151,229
+37,347
| +33% | +$607K |
|
2070
InfraCap MLP ETF
AMZA
$470M
| $2.66M | ﹤0.01% |
76,213
+20,294
| +36% | +$694K |
|
2071
FT Vest US Equity Enhance & Moderate Buffer ETF March
XMAR
$157M
| $2.66M | ﹤0.01% |
+84,179
| New | +$2.66M |
|
2072
Invesco Quality Municipal Securities
IQI
$522M
| $2.66M | ﹤0.01% |
317,155
+74,880
| +31% | +$690K |
|
2073
Cboe Global Markets
CBOE
$32.5B
| $2.66M | ﹤0.01% |
17,001
+437
| +3% | +$64.3K |
|
2074
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.13B
| $2.65M | ﹤0.01% |
84,303
+3,403
| +4% | +$111K |
|
|
GHY
2075
PGIM Global High Yield Fund
GHY
$478M
| $2.64M | ﹤0.01% |
244,991
+125,629
| +105% | +$1.41M |
|
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.