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 | |
|---|---|---|---|---|---|---|
2351
C.H. Robinson
CHRW
$17.3B
| $1.87M | ﹤0.01% |
21,678
+6,130
| +39% | +$572K |
|
2352
VanEck Steel ETF
SLX
$169M
| $1.86M | ﹤0.01% |
28,412
+3,290
| +13% | +$219K |
|
2353
iShares MSCI Japan Value ETF
EWJV
$719M
| $1.86M | ﹤0.01% |
65,197
+57,512
| +748% | +$1.62M |
|
2354
Paylocity
PCTY
$7.48B
| $1.86M | ﹤0.01% |
10,124
+1,337
| +15% | +$269K |
|
2355
XPeng
XPEV
$11.8B
| $1.86M | ﹤0.01% |
101,281
+16,848
| +20% | +$286K |
|
2356
Post Holdings
POST
$4.09B
| $1.86M | ﹤0.01% |
21,684
+5,213
| +32% | +$455K |
|
2357
Alphatec Holdings
ATEC
$1.56B
| $1.86M | ﹤0.01% |
143,091
+13,061
| +10% | +$205K |
|
|
SVC
2358
Service Properties Trust
SVC
$1.02B
| $1.85M | ﹤0.01% |
48,234
+1,379
| +3% | +$57.4K |
|
2359
NCR Voyix
VYX
$1.19B
| $1.85M | ﹤0.01% |
111,981
+8,160
| +8% | +$139K |
|
2360
Cambria Value and Momentum ETF
VAMO
$109M
| $1.85M | ﹤0.01% |
69,516
-3,831
| -5% | -$101K |
|
|
SUM
2361
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $1.85M | ﹤0.01% |
59,453
+801
| +1% | +$28.5K |
|
2362
Invesco PHLX Semiconductor ETF
SOXQ
$2.55B
| $1.85M | ﹤0.01% |
68,427
+1,646
| +2% | +$46.8K |
|
2363
Invesco S&P 500 BuyWrite ETF
PBP
$361M
| $1.85M | ﹤0.01% |
86,740
+1,508
| +2% | +$33.1K |
|
|
DEA
2364
Easterly Government Properties
DEA
$1.17B
| $1.85M | ﹤0.01% |
64,708
+2,121
| +3% | +$72.7K |
|
2365
MSC Industrial Direct
MSM
$6.98B
| $1.85M | ﹤0.01% |
18,891
-185
| -1% | -$18.3K |
|
2366
iShares MSCI Europe Small-Cap ETF
IEUS
$181M
| $1.84M | ﹤0.01% |
37,287
+2,534
| +7% | +$132K |
|
2367
Qualys
QLYS
$5.45B
| $1.84M | ﹤0.01% |
12,090
-349
| -3% | -$50.2K |
|
2368
Global X S&P 500 Quality Dividend ETF
QDIV
$30.3M
| $1.84M | ﹤0.01% |
60,364
+4,777
| +9% | +$152K |
|
|
AFGR
2369
First Trust Active Factor Large Cap Growth ETF
AFGR
$94.5M
| $1.84M | ﹤0.01% |
90,424
-20,626
| -19% | -$442K |
|
2370
WPP
WPP
$4.39B
| $1.84M | ﹤0.01% |
41,295
-4,446
| -10% | -$222K |
|
|
CBAY
2371
DELISTED
Cymabay Therapeutics
CBAY
| $1.84M | ﹤0.01% |
123,364
-8,206
| -6% | -$109K |
|
2372
Timothy Plan US Small Cap Core ETF
TPSC
$367M
| $1.84M | ﹤0.01% |
59,241
+31,293
| +112% | +$1.01M |
|
2373
AdvisorShares Pure US Cannabis ETF
MSOS
$846M
| $1.83M | ﹤0.01% |
230,987
+27,090
| +13% | +$171K |
|
|
WDI
2374
Western Asset Diversified Income Fund
WDI
$677M
| $1.83M | ﹤0.01% |
138,115
-6,787
| -5% | -$92.6K |
|
2375
VanEck Low Carbon Energy ETF
SMOG
$131M
| $1.83M | ﹤0.01% |
17,434
+29
| +0.2% | +$3.42K |
|
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.