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 | |
|---|---|---|---|---|---|---|
|
GBAB
2376
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
$382M
| $1.82M | ﹤0.01% |
117,309
-77,103
| -40% | -$1.21M |
|
2377
Invesco BulletShares 2031 Corporate Bond ETF
BSCV
$1.76B
| $1.82M | ﹤0.01% |
119,434
+40,745
| +52% | +$640K |
|
2378
Trimble
TRMB
$13.5B
| $1.82M | ﹤0.01% |
33,802
-13,010
| -28% | -$689K |
|
|
FINS
2379
Angel Oak Financial Strategies Income Term Trust
FINS
$421M
| $1.82M | ﹤0.01% |
150,972
-12,688
| -8% | -$150K |
|
2380
iShares Investment Grade Systematic Bond ETF
IGEB
$1.45B
| $1.82M | ﹤0.01% |
42,854
+28,347
| +195% | +$1.23M |
|
2381
Suburban Propane Partners
SPH
$1.25B
| $1.82M | ﹤0.01% |
113,106
+10,898
| +11% | +$161K |
|
2382
FT Vest US Equity Deep Buffer ETF January
DJAN
$476M
| $1.81M | ﹤0.01% |
55,867
-1,376
| -2% | -$45.2K |
|
|
LTHM
2383
DELISTED
Livent Corporation
LTHM
| $1.81M | ﹤0.01% |
98,297
-5,797
| -6% | -$133K |
|
2384
Graphic Packaging
GPK
$3.36B
| $1.8M | ﹤0.01% |
80,937
-12,533
| -13% | -$288K |
|
2385
State Street SPDR S&P China ETF
GXC
$476M
| $1.79M | ﹤0.01% |
25,065
-3,358
| -12% | -$250K |
|
2386
Logitech
LOGI
$15.1B
| $1.79M | ﹤0.01% |
25,985
+5,966
| +30% | +$402K |
|
|
SKX
2387
DELISTED
Skechers
SKX
| $1.79M | ﹤0.01% |
36,587
+23,937
| +189% | +$1.22M |
|
|
CGO
2388
Calamos Global Total Return Fund
CGO
$126M
| $1.79M | ﹤0.01% |
204,399
+48,049
| +31% | +$451K |
|
2389
Weatherford International
WFRD
$6.33B
| $1.79M | ﹤0.01% |
+19,801
| New | +$1.67M |
|
2390
Texas Roadhouse
TXRH
$13.8B
| $1.79M | ﹤0.01% |
18,552
+2,558
| +16% | +$272K |
|
2391
Fox Factory Holding Corp
FOXF
$785M
| $1.79M | ﹤0.01% |
18,208
+2,313
| +15% | +$247K |
|
2392
PUT
Devon Energy
DVN
$51.4B
| $1.78M | ﹤0.01% |
+37,400
| New | +$1.88M |
|
2393
Clean Harbors
CLH
$16.4B
| $1.78M | ﹤0.01% |
10,651
+858
| +9% | +$145K |
|
2394
PGIM Active High Yield Bond ETF
PHYL
$1.39B
| $1.78M | ﹤0.01% |
53,281
+5,850
| +12% | +$199K |
|
2395
BlackLine
BL
$1.92B
| $1.78M | ﹤0.01% |
32,090
+2,146
| +7% | +$118K |
|
|
PCQ
2396
Pimco California Municipal Income Fund
PCQ
$163M
| $1.78M | ﹤0.01% |
213,272
+8,549
| +4% | +$81.5K |
|
2397
Silicon Laboratories
SLAB
$7.19B
| $1.78M | ﹤0.01% |
15,346
+2,674
| +21% | +$369K |
|
2398
KBR
KBR
$4.68B
| $1.78M | ﹤0.01% |
30,118
+1,375
| +5% | +$84.7K |
|
2399
Fortis
FTS
$28.8B
| $1.77M | ﹤0.01% |
46,596
+2,041
| +5% | +$83.3K |
|
|
IGR
2400
CBRE Global Real Estate Income Fund
IGR
$707M
| $1.77M | ﹤0.01% |
393,347
+75,426
| +24% | +$391K |
|
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.