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 | |
|---|---|---|---|---|---|---|
2076
Natural Resource Partners
NRP
$1.28B
| $2.64M | ﹤0.01% |
33,478
+3,984
| +14% | +$259K |
|
2077
Transocean
RIG
$5.7B
| $2.64M | ﹤0.01% |
321,267
+17,312
| +6% | +$141K |
|
2078
HealthEquity
HQY
$8.62B
| $2.64M | ﹤0.01% |
35,921
+3,202
| +10% | +$216K |
|
2079
Goldman Sachs Physical Gold ETF Shares
AAAU
$2.45B
| $2.63M | ﹤0.01% |
143,868
+7,938
| +6% | +$152K |
|
2080
BlackRock Health Sciences Trust
BME
$561M
| $2.63M | ﹤0.01% |
67,255
-529
| -0.8% | -$21.1K |
|
2081
First Trust Emerging Markets Local Currency Bond ETF
FEMB
$359M
| $2.63M | ﹤0.01% |
97,159
-75,340
| -44% | -$2.14M |
|
2082
EPR Properties
EPR
$4.77B
| $2.63M | ﹤0.01% |
63,232
+6,403
| +11% | +$282K |
|
2083
PIMCO Municipal Income Opportunities Active ETF
MINO
$731M
| $2.63M | ﹤0.01% |
61,161
+1,782
| +3% | +$78.5K |
|
2084
XPO
XPO
$23.4B
| $2.62M | ﹤0.01% |
35,138
+3,920
| +13% | +$271K |
|
2085
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
TDTF
$1.04B
| $2.62M | ﹤0.01% |
114,105
+4,469
| +4% | +$104K |
|
2086
PUT
Bank of America
BAC
$437B
| $2.61M | ﹤0.01% |
95,400
+70,000
| +276% | +$2.07M |
|
2087
Coca-Cola Consolidated
COKE
$12.3B
| $2.61M | ﹤0.01% |
41,010
+1,020
| +3% | +$67.8K |
|
2088
Crown Holdings
CCK
$13B
| $2.61M | ﹤0.01% |
29,485
+2,470
| +9% | +$221K |
|
2089
WBI BullBear Value 3000 ETF
WBIF
$22.8M
| $2.61M | ﹤0.01% |
97,464
-12,500
| -11% | -$352K |
|
2090
iShares Latin America 40 ETF
ILF
$3.82B
| $2.61M | ﹤0.01% |
101,932
+23,391
| +30% | +$625K |
|
2091
State Street SPDR S&P Capital Markets ETF
KCE
$462M
| $2.61M | ﹤0.01% |
30,030
+12,233
| +69% | +$1.09M |
|
2092
Incyte
INCY
$24.3B
| $2.6M | ﹤0.01% |
45,023
+6,347
| +16% | +$400K |
|
2093
VictoryShares US Multi-Factor Minimum Volatility ETF
VSMV
$155M
| $2.59M | ﹤0.01% |
65,969
-2,691
| -4% | -$109K |
|
2094
Amplify Alternative Harvest ETF
MJ
$103M
| $2.59M | ﹤0.01% |
59,202
-2,208
| -4% | -$89.3K |
|
2095
Fidelity MSCI Communication Services Index ETF
FCOM
$1.81B
| $2.59M | ﹤0.01% |
65,176
+16,172
| +33% | +$661K |
|
2096
State Street SPDR S&P Retail ETF
XRT
$330M
| $2.58M | ﹤0.01% |
42,430
-1,392
| -3% | -$89.2K |
|
2097
Applied Industrial Technologies
AIT
$12.9B
| $2.58M | ﹤0.01% |
16,694
+1,248
| +8% | +$187K |
|
2098
NYLI Hedge Multi-Strategy Tracker ETF
QAI
$1.01B
| $2.58M | ﹤0.01% |
85,936
+38,334
| +81% | +$1.16M |
|
2099
Scotiabank
BNS
$108B
| $2.58M | ﹤0.01% |
56,560
+8,360
| +17% | +$401K |
|
|
WCC
2100
WESCO International
WCC
$17.2B
| $2.58M | ﹤0.01% |
17,908
-1,814
| -9% | -$293K |
|
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.