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 | |
|---|---|---|---|---|---|---|
|
MILN
2401
Global X Millennial Consumer ETF
MILN
$101M
| $1.77M | ﹤0.01% |
58,094
+11,205
| +24% | +$359K |
|
|
GTM
2402
ZoomInfo Technologies
GTM
$1.05B
| $1.77M | ﹤0.01% |
107,645
+31,008
| +40% | +$634K |
|
2403
FlexShares High Yield Value-Scored Bond Index Fund
HYGV
$1.1B
| $1.77M | ﹤0.01% |
44,397
+9,073
| +26% | +$365K |
|
2404
Cedar Fair
FUN
$1.8B
| $1.76M | ﹤0.01% |
47,662
-436
| -0.9% | -$17K |
|
2405
Arrow Electronics
ARW
$11.1B
| $1.76M | ﹤0.01% |
14,080
+11,525
| +451% | +$1.54M |
|
2406
O-I Glass
OI
$1.14B
| $1.76M | ﹤0.01% |
105,396
+26,449
| +34% | +$532K |
|
2407
VanEck Green Bond ETF
GRNB
$184M
| $1.76M | ﹤0.01% |
77,725
+4,985
| +7% | +$115K |
|
2408
Sterling Infrastructure
STRL
$18.8B
| $1.76M | ﹤0.01% |
23,975
+7,755
| +48% | +$543K |
|
2409
American States Water
AWR
$3.32B
| $1.76M | ﹤0.01% |
22,370
+986
| +5% | +$84K |
|
2410
Adaptive Hedged Multi-Asset Income ETF
AMAX
$67.7M
| $1.76M | ﹤0.01% |
244,914
-153,143
| -38% | -$1.16M |
|
|
NCV
2411
Virtus Convertible & Income Fund
NCV
$382M
| $1.76M | ﹤0.01% |
141,177
+4,477
| +3% | +$59.6K |
|
2412
FT Vest Growth-100 Buffer ETF December
QDEC
$689M
| $1.75M | ﹤0.01% |
77,487
+39,091
| +102% | +$882K |
|
2413
Liberty Broadband Class C
LBRDK
$4.86B
| $1.75M | ﹤0.01% |
19,176
+5,757
| +43% | +$514K |
|
2414
iShares Core 5-10 Year USD Bond ETF
IMTB
$274M
| $1.75M | ﹤0.01% |
42,426
+2,079
| +5% | +$87.9K |
|
2415
Korn Ferry
KFY
$4.21B
| $1.74M | ﹤0.01% |
36,770
-485
| -1% | -$24.6K |
|
2416
Adams Diversified Equity Fund
ADX
$3.18B
| $1.74M | ﹤0.01% |
104,827
+3,359
| +3% | +$57.8K |
|
2417
Camping World
CWH
$694M
| $1.74M | ﹤0.01% |
85,103
-48,237
| -36% | -$1.27M |
|
|
DSM
2418
BNY Mellon Strategic Municipal Bond Fund
DSM
$287M
| $1.74M | ﹤0.01% |
349,221
+111,141
| +47% | +$610K |
|
2419
Ryder
R
$10.1B
| $1.74M | ﹤0.01% |
16,228
+1,640
| +11% | +$160K |
|
2420
iShares Core 10+ Year USD Bond ETF
ILTB
$592M
| $1.73M | ﹤0.01% |
36,660
-34,852
| -49% | -$1.75M |
|
|
SGI
2421
Somnigroup International
SGI
$14B
| $1.73M | ﹤0.01% |
39,858
+9,969
| +33% | +$442K |
|
|
MDC
2422
DELISTED
M.D.C. Holdings, Inc.
MDC
| $1.73M | ﹤0.01% |
41,890
+15,359
| +58% | +$716K |
|
|
SAVE
2423
DELISTED
Spirit Airlines, Inc.
SAVE
| $1.72M | ﹤0.01% |
104,512
+518
| +0.5% | +$8.82K |
|
|
AIF
2424
DELISTED
Apollo Tactical Income Fund Inc.
AIF
| $1.72M | ﹤0.01% |
128,812
-1,219
| -0.9% | -$15.9K |
|
2425
Samsara
IOT
$21.6B
| $1.72M | ﹤0.01% |
68,240
+7,209
| +12% | +$191K |
|
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.