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 | |
|---|---|---|---|---|---|---|
2101
Apple Hospitality REIT
APLE
$3.9B
| $2.57M | ﹤0.01% |
167,466
-13,729
| -8% | -$210K |
|
2102
BondBloxx USD High Yield Bond Sector Rotation ETF
HYSA
$65.1M
| $2.56M | ﹤0.01% |
+178,011
| New | +$2.57M |
|
2103
MDU Resources
MDU
$4.18B
| $2.56M | ﹤0.01% |
235,634
+1,989
| +0.9% | +$22.9K |
|
2104
Pacer Trendpilot International ETF
PTIN
$183M
| $2.55M | ﹤0.01% |
97,793
-41,190
| -30% | -$1.11M |
|
|
GRES
2105
DELISTED
IQ ARB Global Resources
GRES
| $2.55M | ﹤0.01% |
77,929
-25,805
| -25% | -$863K |
|
2106
PIMCO Broad US TIPS Index Exchange-Traded Fund
TIPZ
$88.2M
| $2.54M | ﹤0.01% |
49,154
-24,784
| -34% | -$1.31M |
|
2107
Waters Corp
WAT
$36.8B
| $2.54M | ﹤0.01% |
9,277
-3,588
| -28% | -$992K |
|
2108
Plug Power
PLUG
$2.85B
| $2.54M | ﹤0.01% |
334,630
-7,856
| -2% | -$76.7K |
|
2109
Tenet Healthcare
THC
$20.4B
| $2.54M | ﹤0.01% |
38,587
+11,962
| +45% | +$894K |
|
|
MFD
2110
DELISTED
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MFD
| $2.54M | ﹤0.01% |
365,946
+47,661
| +15% | +$364K |
|
2111
Griffon
GFF
$4.01B
| $2.54M | ﹤0.01% |
63,985
+1,205
| +2% | +$49.4K |
|
|
ACP
2112
abrdn Income Credit Strategies Fund
ACP
$631M
| $2.54M | ﹤0.01% |
373,193
+6,777
| +2% | +$47K |
|
2113
Assured Guaranty
AGO
$3.74B
| $2.53M | ﹤0.01% |
41,817
+943
| +2% | +$56K |
|
2114
Robert Half
RHI
$4.01B
| $2.53M | ﹤0.01% |
34,492
-9,905
| -22% | -$751K |
|
2115
Westlake Corp
WLK
$8.92B
| $2.52M | ﹤0.01% |
20,182
-7,267
| -26% | -$933K |
|
2116
Lakeland Financial Corp
LKFN
$1.57B
| $2.51M | ﹤0.01% |
52,984
+5,667
| +12% | +$293K |
|
2117
iShares Core MSCI Pacific ETF
IPAC
$2.66B
| $2.5M | ﹤0.01% |
45,031
+3,596
| +9% | +$206K |
|
|
THQ
2118
abrdn Healthcare Opportunities Fund
THQ
$778M
| $2.5M | ﹤0.01% |
147,423
+1,834
| +1% | +$34.1K |
|
2119
MarketAxess Holdings
MKTX
$5.71B
| $2.5M | ﹤0.01% |
11,713
+7,520
| +179% | +$1.82M |
|
2120
Crane NXT
CXT
$3.04B
| $2.5M | ﹤0.01% |
45,023
+7,394
| +20% | +$429K |
|
2121
Chord Energy
CHRD
$7.86B
| $2.5M | ﹤0.01% |
15,432
+2,554
| +20% | +$401K |
|
2122
On Holding
ONON
$12.6B
| $2.5M | ﹤0.01% |
89,781
+25,368
| +39% | +$803K |
|
2123
Murphy Oil
MUR
$5.63B
| $2.5M | ﹤0.01% |
55,028
+2,111
| +4% | +$91.8K |
|
2124
Terex
TEX
$7.28B
| $2.49M | ﹤0.01% |
43,217
+2,655
| +7% | +$158K |
|
2125
Global X Video Games & Esports ETF
HERO
$65.6M
| $2.49M | ﹤0.01% |
133,519
+28,520
| +27% | +$567K |
|
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.