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 | |
|---|---|---|---|---|---|---|
2126
Rocket Companies
RKT
$38.4B
| $2.48M | ﹤0.01% |
303,443
+60,563
| +25% | +$612K |
|
2127
Natera
NTRA
$38.5B
| $2.47M | ﹤0.01% |
55,929
+5,762
| +11% | +$294K |
|
2128
Camden Property Trust
CPT
$10.9B
| $2.47M | ﹤0.01% |
26,161
+3,219
| +14% | +$342K |
|
2129
Advanced Energy
AEIS
$11.6B
| $2.47M | ﹤0.01% |
23,981
-21
| -0.1% | -$2.35K |
|
2130
Vanguard Global ex-US Real Estate ETF
VNQI
$3.51B
| $2.47M | ﹤0.01% |
63,492
-20,177
| -24% | -$819K |
|
2131
Badger Meter
BMI
$3.96B
| $2.47M | ﹤0.01% |
17,251
-2,641
| -13% | -$417K |
|
2132
Goodyear
GT
$2.03B
| $2.47M | ﹤0.01% |
198,676
-21,549
| -10% | -$293K |
|
|
CCD
2133
Calamos Dynamic Convertible & Income Fund
CCD
$722M
| $2.47M | ﹤0.01% |
132,435
-1,942
| -1% | -$39.5K |
|
2134
American Homes 4 Rent
AMH
$12.3B
| $2.47M | ﹤0.01% |
73,248
+667
| +0.9% | +$23.9K |
|
2135
Franklin Resources
BEN
$18.3B
| $2.47M | ﹤0.01% |
100,309
-15,710
| -14% | -$425K |
|
|
MMT
2136
Aberdeen Multi-Market Income Fund
MMT
$239M
| $2.46M | ﹤0.01% |
578,349
+5,455
| +1% | +$24.2K |
|
2137
Sociedad Química y Minera de Chile
SQM
$19B
| $2.46M | ﹤0.01% |
41,265
+7,284
| +21% | +$491K |
|
2138
Carlyle Group
CG
$17.1B
| $2.46M | ﹤0.01% |
81,507
-6,952
| -8% | -$224K |
|
2139
Coca-Cola Femsa
KOF
$22.6B
| $2.46M | ﹤0.01% |
31,307
-11,527
| -27% | -$953K |
|
2140
Novanta
NOVT
$5.23B
| $2.45M | ﹤0.01% |
17,177
-307
| -2% | -$50K |
|
2141
Global X Social Media ETF
SOCL
$91.9M
| $2.44M | ﹤0.01% |
67,985
+6,153
| +10% | +$232K |
|
2142
Barings BDC
BBDC
$877M
| $2.44M | ﹤0.01% |
273,445
+36,568
| +15% | +$315K |
|
2143
iShares Russell 2500 ETF
SMMD
$3.61B
| $2.43M | ﹤0.01% |
44,604
-4,755
| -10% | -$274K |
|
2144
Moelis & Co
MC
$4.94B
| $2.43M | ﹤0.01% |
53,833
+836
| +2% | +$39.3K |
|
2145
Innovator US Equity Power Buffer ETF April
PAPR
$956M
| $2.43M | ﹤0.01% |
79,332
+32,989
| +71% | +$1.02M |
|
|
SBOW
2146
DELISTED
SilverBow Resources, Inc.
SBOW
| $2.43M | ﹤0.01% |
+67,847
| New | +$2.47M |
|
2147
Crane Co
CR
$12.5B
| $2.43M | ﹤0.01% |
27,305
+3,246
| +13% | +$289K |
|
2148
iShares Global Financials ETF
IXG
$681M
| $2.42M | ﹤0.01% |
34,405
+167
| +0.5% | +$12.1K |
|
2149
WisdomTree Mortgage Plus Bond Fund
MTGP
$74.1M
| $2.41M | ﹤0.01% |
57,773
+6,576
| +13% | +$281K |
|
2150
Vertiv
VRT
$98.3B
| $2.41M | ﹤0.01% |
64,702
+2,888
| +5% | +$95.2K |
|
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.