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 | |
|---|---|---|---|---|---|---|
|
THW
2176
abrdn World Healthcare Fund
THW
$541M
| $2.34M | ﹤0.01% |
199,570
+8,001
| +4% | +$107K |
|
2177
Regal Rexnord
RRX
$13.9B
| $2.34M | ﹤0.01% |
16,347
+3,089
| +23% | +$475K |
|
2178
Pembina Pipeline
PBA
$28B
| $2.33M | ﹤0.01% |
77,648
-4,592
| -6% | -$141K |
|
2179
First Industrial Realty Trust
FR
$8.67B
| $2.33M | ﹤0.01% |
49,038
+689
| +1% | +$35.5K |
|
2180
Franklin FTSE India ETF
FLIN
$2.67B
| $2.33M | ﹤0.01% |
73,675
+29,432
| +67% | +$927K |
|
2181
AdvisorShares Focused Equity ETF
CWS
$131M
| $2.33M | ﹤0.01% |
44,570
+2,055
| +5% | +$112K |
|
2182
Fidelity Low Duration Bond Factor ETF
FLDR
$1.98B
| $2.32M | ﹤0.01% |
46,914
+3,625
| +8% | +$180K |
|
|
SZNE
2183
DELISTED
Pacer CFRA-Stoval Equal Weight Seasonal Rotation ETF
SZNE
| $2.31M | ﹤0.01% |
71,431
-102,490
| -59% | -$3.56M |
|
2184
AMN Healthcare
AMN
$1.31B
| $2.31M | ﹤0.01% |
27,153
-14,799
| -35% | -$1.4M |
|
2185
FT Vest Growth-100 Buffer ETF March
QMAR
$570M
| $2.31M | ﹤0.01% |
95,959
+71,622
| +294% | +$1.73M |
|
2186
Nokia
NOK
$52.3B
| $2.3M | ﹤0.01% |
616,123
+125,226
| +26% | +$494K |
|
2187
BlackRock Floating Rate Income Trust
BGT
$324M
| $2.3M | ﹤0.01% |
190,970
+117,405
| +160% | +$1.4M |
|
2188
Northern Trust
NTRS
$33B
| $2.3M | ﹤0.01% |
33,108
+833
| +3% | +$62.9K |
|
2189
Oaktree Specialty Lending
OCSL
$1.04B
| $2.29M | ﹤0.01% |
114,031
+4,736
| +4% | +$94.7K |
|
|
XFLT
2190
XAI Floating Rate & Alternative Income Trust
XFLT
$286M
| $2.29M | ﹤0.01% |
65,980
+285
| +0.4% | +$9.74K |
|
2191
Western Midstream Partners
WES
$19.1B
| $2.29M | ﹤0.01% |
84,031
+6,029
| +8% | +$164K |
|
2192
Integer Holdings
ITGR
$4.23B
| $2.29M | ﹤0.01% |
29,234
+2,554
| +10% | +$216K |
|
2193
PTC
PTC
$16.3B
| $2.28M | ﹤0.01% |
16,126
+5,278
| +49% | +$755K |
|
2194
Lincoln Electric
LECO
$14.4B
| $2.28M | ﹤0.01% |
12,564
+1,669
| +15% | +$319K |
|
2195
Fabrinet
FN
$16.1B
| $2.28M | ﹤0.01% |
13,702
-8,600
| -39% | -$1.19M |
|
2196
Nuveen California Quality Municipal Income Fund
NAC
$1.82B
| $2.28M | ﹤0.01% |
236,407
-18,317
| -7% | -$192K |
|
|
PMT
2197
PennyMac Mortgage Investment
PMT
$825M
| $2.28M | ﹤0.01% |
183,518
+5,310
| +3% | +$69.5K |
|
2198
Goldman Sachs ActiveBeta Europe Equity ETF
GSEU
$124M
| $2.27M | ﹤0.01% |
72,001
+4,507
| +7% | +$148K |
|
2199
Merit Medical Systems
MMSI
$5.1B
| $2.27M | ﹤0.01% |
33,675
+2,646
| +9% | +$190K |
|
2200
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF
BBCB
$45.5M
| $2.27M | ﹤0.01% |
52,537
-3,232
| -6% | -$143K |
|
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.