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 | |
|---|---|---|---|---|---|---|
2426
Innovator US Equity Power Buffer ETF September
PSEP
$845M
| $1.72M | ﹤0.01% |
53,058
+30,171
| +132% | +$994K |
|
2427
New Mountain Finance
NMFC
$683M
| $1.72M | ﹤0.01% |
132,618
-9,063
| -6% | -$116K |
|
|
NML
2428
Neuberger Energy Infrastructure and Income Fund Inc
NML
$592M
| $1.71M | ﹤0.01% |
249,184
-23,801
| -9% | -$166K |
|
2429
Frontline
FRO
$8.88B
| $1.71M | ﹤0.01% |
91,269
+57,757
| +172% | +$972K |
|
2430
Lantheus
LNTH
$6.59B
| $1.71M | ﹤0.01% |
24,643
-4,364
| -15% | -$319K |
|
2431
MKS Inc
MKSI
$20.9B
| $1.71M | ﹤0.01% |
19,774
+453
| +2% | +$44.2K |
|
2432
First Trust Dow Jones International Internet ETF
FDNI
$31M
| $1.71M | ﹤0.01% |
82,421
+5,300
| +7% | +$120K |
|
2433
Artesian Resources
ARTNA
$352M
| $1.71M | ﹤0.01% |
40,694
+253
| +0.6% | +$11.7K |
|
2434
SFL Corp
SFL
$1.65B
| $1.71M | ﹤0.01% |
153,133
+48,796
| +47% | +$505K |
|
2435
VanEck Long/Flat Trend ETF
LFEQ
$28.6M
| $1.7M | ﹤0.01% |
45,337
-27,436
| -38% | -$1.07M |
|
2436
Avantis Real Estate ETF
AVRE
$877M
| $1.7M | ﹤0.01% |
45,317
+21,894
| +93% | +$888K |
|
2437
Plexus
PLXS
$6.98B
| $1.7M | ﹤0.01% |
18,203
+1,567
| +9% | +$152K |
|
2438
Jazz Pharmaceuticals
JAZZ
$15.8B
| $1.7M | ﹤0.01% |
13,107
+3,707
| +39% | +$494K |
|
2439
U-Haul Holding Co Series N
UHAL.B
$12.4B
| $1.7M | ﹤0.01% |
32,381
+5,200
| +19% | +$282K |
|
2440
iShares Currency Hedged MSCI Japan ETF
HEWJ
$710M
| $1.69M | ﹤0.01% |
49,527
-23,589
| -32% | -$794K |
|
2441
Chewy
CHWY
$9.4B
| $1.69M | ﹤0.01% |
92,749
+41,647
| +81% | +$1.19M |
|
2442
Compass Minerals
CMP
$1.21B
| $1.69M | ﹤0.01% |
60,568
-2,513
| -4% | -$80.8K |
|
2443
Coty
COTY
$2.46B
| $1.69M | ﹤0.01% |
153,777
+14,041
| +10% | +$165K |
|
|
BCPC
2444
Balchem Corp
BCPC
$5.58B
| $1.69M | ﹤0.01% |
13,659
+1,175
| +9% | +$156K |
|
2445
JD.com
JD
$44.6B
| $1.68M | ﹤0.01% |
57,604
+17,799
| +45% | +$620K |
|
2446
Kinross Gold
KGC
$27.8B
| $1.68M | ﹤0.01% |
367,605
+91,788
| +33% | +$450K |
|
2447
FT Vest US Equity Buffer ETF February
FFEB
$1.39B
| $1.68M | ﹤0.01% |
42,979
+9,120
| +27% | +$364K |
|
2448
ProShares K-1 Free Crude Oil Strategy ETF
OILK
$192M
| $1.68M | ﹤0.01% |
33,666
+21,121
| +168% | +$980K |
|
|
EFR
2449
Eaton Vance Senior Floating-Rate Fund
EFR
$314M
| $1.67M | ﹤0.01% |
138,188
+24,504
| +22% | +$295K |
|
2450
Pacer Emerging Markets Cash Cows 100 ETF
ECOW
$221M
| $1.67M | ﹤0.01% |
87,041
+63,895
| +276% | +$1.27M |
|
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.