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 | |
|---|---|---|---|---|---|---|
|
BRSP
2226
BrightSpire Capital
BRSP
$649M
| $2.17M | ﹤0.01% |
346,064
+10,981
| +3% | +$75.2K |
|
2227
Hartford Schroders Tax-Aware Bond ETF
HTAB
$289M
| $2.16M | ﹤0.01% |
118,417
+72,250
| +156% | +$1.38M |
|
2228
iShares iBonds Dec 2030 Term Corporate ETF
IBDV
$3.27B
| $2.16M | ﹤0.01% |
105,992
+24,134
| +29% | +$503K |
|
2229
Jones Lang LaSalle
JLL
$16.8B
| $2.16M | ﹤0.01% |
15,281
+542
| +4% | +$88.5K |
|
2230
First Majestic Silver
AG
$7.63B
| $2.15M | ﹤0.01% |
419,179
+44,891
| +12% | +$267K |
|
2231
Globant
GLOB
$1.62B
| $2.15M | ﹤0.01% |
10,788
+2,471
| +30% | +$463K |
|
2232
BrandywineGLOBAL Dynamic US Large Cap Value ETF
DVAL
$71.5M
| $2.15M | ﹤0.01% |
185,083
-18,963
| -9% | -$226K |
|
2233
iShares US Small Cap Value Factor ETF
SVAL
$206M
| $2.15M | ﹤0.01% |
81,311
-2,088
| -3% | -$57.8K |
|
2234
Invesco Next Gen Media and Gaming ETF
GGME
$44.9M
| $2.14M | ﹤0.01% |
66,068
+12,976
| +24% | +$445K |
|
2235
NVR
NVR
$16.5B
| $2.13M | ﹤0.01% |
358
+55
| +18% | +$342K |
|
2236
Inspire Corporate Bond ETF
IBD
$489M
| $2.13M | ﹤0.01% |
94,220
-376
| -0.4% | -$8.63K |
|
|
MCN
2237
Madison Covered Call & Equity Strategy Fund
MCN
$118M
| $2.13M | ﹤0.01% |
301,679
+35,940
| +14% | +$264K |
|
2238
Fidelity Limited Term Bond ETF
FLTB
$414M
| $2.13M | ﹤0.01% |
44,619
+464
| +1% | +$22.3K |
|
2239
Teva Pharmaceuticals
TEVA
$39.9B
| $2.13M | ﹤0.01% |
208,789
-20,794
| -9% | -$194K |
|
2240
FT Vest US Equity Buffer ETF April
FAPR
$1.28B
| $2.13M | ﹤0.01% |
65,946
+22,735
| +53% | +$749K |
|
2241
Bahl & Gaynor Small/Mid Cap Income Growth ETF
SMIG
$1.5B
| $2.12M | ﹤0.01% |
93,026
+9,961
| +12% | +$238K |
|
2242
Global Net Lease
GNL
$1.83B
| $2.12M | ﹤0.01% |
220,262
+180,292
| +451% | +$1.94M |
|
2243
Henry Schein
HSIC
$9.85B
| $2.12M | ﹤0.01% |
28,690
+2,932
| +11% | +$226K |
|
2244
ePlus
PLUS
$2.46B
| $2.11M | ﹤0.01% |
32,758
+3,552
| +12% | +$219K |
|
2245
Avantis All Equity Markets ETF
AVGE
$1.12B
| $2.11M | ﹤0.01% |
35,885
+10,670
| +42% | +$647K |
|
2246
Lloyds Banking Group
LYG
$90.7B
| $2.11M | ﹤0.01% |
989,366
+43,906
| +5% | +$95.2K |
|
2247
iShares Low Carbon Optimized MSCI ACWI ETF
CRBN
$1.16B
| $2.11M | ﹤0.01% |
14,021
-40
| -0.3% | -$6.25K |
|
2248
Workiva
WK
$3.43B
| $2.11M | ﹤0.01% |
20,774
+16,140
| +348% | +$1.68M |
|
2249
Dorian LPG
LPG
$1.96B
| $2.1M | ﹤0.01% |
73,107
+10,550
| +17% | +$284K |
|
2250
Parsons
PSN
$5.04B
| $2.1M | ﹤0.01% |
38,581
+2,994
| +8% | +$158K |
|
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.