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 | |
|---|---|---|---|---|---|---|
2301
ITT
ITT
$17.7B
| $1.95M | ﹤0.01% |
19,907
+5,154
| +35% | +$506K |
|
2302
Curtiss-Wright
CW
$27.6B
| $1.95M | ﹤0.01% |
9,952
+583
| +6% | +$116K |
|
2303
A.O. Smith
AOS
$8.25B
| $1.94M | ﹤0.01% |
29,411
+1,386
| +5% | +$98.4K |
|
2304
Advanced Drainage Systems
WMS
$11.1B
| $1.94M | ﹤0.01% |
17,076
-2,005
| -11% | -$245K |
|
2305
BlackRock Income Trust
BKT
$334M
| $1.94M | ﹤0.01% |
170,702
-12,858
| -7% | -$152K |
|
2306
Global Ship Lease
GSL
$1.59B
| $1.94M | ﹤0.01% |
105,772
+17,089
| +19% | +$334K |
|
2307
CACI
CACI
$11.3B
| $1.94M | ﹤0.01% |
6,181
+250
| +4% | +$83.6K |
|
2308
Qorvo
QRVO
$7.89B
| $1.94M | ﹤0.01% |
20,284
-2,446
| -11% | -$250K |
|
|
AFT
2309
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
| $1.93M | ﹤0.01% |
143,627
-18,181
| -11% | -$240K |
|
2310
Revvity
RVTY
$12.9B
| $1.93M | ﹤0.01% |
17,434
+599
| +4% | +$70.4K |
|
2311
Encompass Health
EHC
$11.2B
| $1.93M | ﹤0.01% |
28,736
+1,088
| +4% | +$74.8K |
|
2312
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$577M
| $1.93M | ﹤0.01% |
62,740
+12,048
| +24% | +$381K |
|
2313
JPMorgan Inflation Managed Bond ETF
JCPI
$867M
| $1.92M | ﹤0.01% |
42,570
+11,375
| +36% | +$521K |
|
2314
BlackRock MuniHoldings California Quality Fund
MUC
$999M
| $1.92M | ﹤0.01% |
200,856
+6,089
| +3% | +$63.7K |
|
|
CIZ
2315
DELISTED
VictoryShares Developed Enhanced Volatility Wtd ETF
CIZ
| $1.92M | ﹤0.01% |
65,997
-1,725
| -3% | -$52.5K |
|
2316
iShares Government/Credit Bond ETF
GBF
$128M
| $1.92M | ﹤0.01% |
19,169
+1,064
| +6% | +$109K |
|
2317
Main BuyWrite ETF
BUYW
$1.3B
| $1.91M | ﹤0.01% |
143,977
-22,399
| -13% | -$302K |
|
2318
Newell Brands
NWL
$2.7B
| $1.91M | ﹤0.01% |
211,614
-949
| -0.4% | -$9.45K |
|
2319
Travel + Leisure Co
TNL
$4.72B
| $1.91M | ﹤0.01% |
51,961
+9,020
| +21% | +$360K |
|
2320
Vornado Realty Trust
VNO
$7.51B
| $1.91M | ﹤0.01% |
84,111
+24,270
| +41% | +$537K |
|
2321
iShares Bloomberg Roll Select Commodity Strategy ETF
CMDY
$555M
| $1.91M | ﹤0.01% |
37,012
-4,566
| -11% | -$236K |
|
2322
LCI Industries
LCII
$2.52B
| $1.9M | ﹤0.01% |
16,204
+1,859
| +13% | +$233K |
|
2323
AXIS Capital
AXS
$7.72B
| $1.9M | ﹤0.01% |
33,746
+12,897
| +62% | +$712K |
|
|
BTO
2324
John Hancock Financial Opportunities Fund
BTO
$808M
| $1.9M | ﹤0.01% |
72,433
+7,449
| +11% | +$207K |
|
2325
DT Midstream
DTM
$13.8B
| $1.9M | ﹤0.01% |
35,941
-818
| -2% | -$42.7K |
|
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.