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 | |
|---|---|---|---|---|---|---|
201
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.89B
| $129M | 0.09% |
1,298,403
+99,646
| +8% | +$9.89M |
|
202
Walt Disney
DIS
$172B
| $128M | 0.09% |
1,581,034
-58,958
| -4% | -$5.04M |
|
203
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $128M | 0.09% |
1,317,525
-7,682
| -0.6% | -$746K |
|
204
AT&T
T
$169B
| $126M | 0.09% |
8,385,740
-991,149
| -11% | -$14.5M |
|
205
Starbucks
SBUX
$118B
| $126M | 0.09% |
1,378,408
+112,986
| +9% | +$11.1M |
|
206
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $125M | 0.09% |
1,102,337
+17,861
| +2% | +$2.04M |
|
207
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $124M | 0.09% |
2,569,633
+258,246
| +11% | +$12.8M |
|
208
Vanguard Mid-Cap Growth ETF
VOT
$19.1B
| $123M | 0.09% |
633,165
+13,698
| +2% | +$2.8M |
|
209
Vanguard Large-Cap ETF
VV
$52B
| $122M | 0.09% |
623,691
+33,095
| +6% | +$6.74M |
|
210
Oracle
ORCL
$346B
| $122M | 0.09% |
1,150,491
+117,942
| +11% | +$13.7M |
|
211
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.01B
| $121M | 0.08% |
6,679,003
-254,261
| -4% | -$4.65M |
|
212
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.94B
| $121M | 0.08% |
1,666,785
+23,535
| +1% | +$1.82M |
|
213
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $120M | 0.08% |
1,167,759
+27,251
| +2% | +$2.83M |
|
214
Accenture
ACN
$101B
| $119M | 0.08% |
386,190
+24,076
| +7% | +$7.59M |
|
215
Thermo Fisher Scientific
TMO
$214B
| $119M | 0.08% |
234,360
+16,021
| +7% | +$8.54M |
|
216
First Trust NASDAQ Cybersecurity ETF
CIBR
$14B
| $118M | 0.08% |
2,588,987
-16,691
| -0.6% | -$765K |
|
217
Bristol-Myers Squibb
BMY
$130B
| $118M | 0.08% |
2,026,052
+72,947
| +4% | +$4.47M |
|
218
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $117M | 0.08% |
2,255,322
+18,766
| +0.8% | +$1.02M |
|
219
First Trust Dow Jones Internet Index Fund ETF
FDN
$5B
| $115M | 0.08% |
721,998
+8,575
| +1% | +$1.42M |
|
220
Vanguard Consumer Staples ETF
VDC
$8.14B
| $115M | 0.08% |
627,629
+110,317
| +21% | +$21.3M |
|
221
Automatic Data Processing
ADP
$106B
| $114M | 0.08% |
475,459
+41,898
| +10% | +$10.2M |
|
222
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.73B
| $114M | 0.08% |
3,351,248
-261,369
| -7% | -$9.67M |
|
223
Schwab US Large- Cap ETF
SCHX
$71.3B
| $113M | 0.08% |
6,700,863
+134,148
| +2% | +$2.35M |
|
224
First Trust Managed Municipal ETF
FMB
$2.04B
| $113M | 0.08% |
2,311,853
+277,430
| +14% | +$13.9M |
|
225
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$1.03B
| $113M | 0.08% |
2,552,384
-1,189,336
| -32% | -$53.9M |
|
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.