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 MBS ETF
MBB
|
+$929M |
| 2 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$468M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$346M |
| 4 |
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
|
+$336M |
| 5 |
iShares Core Universal USD Bond ETF
IUSB
|
+$227M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$546M |
| 2 |
SCHR
Schwab Intermediately-Term US Treasury ETF
SCHR
|
+$481M |
| 3 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$298M |
| 4 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$252M |
| 5 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$201M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.96% |
| 2 | Healthcare | 2.96% |
| 3 | Financials | 2.91% |
| 4 | Consumer Discretionary | 2.4% |
| 5 | Industrials | 2.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Abbott
ABT
$183B
| $103M | 0.08% |
1,020,073
+110,378
| +12% | +$11.7M |
|
227
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.12B
| $103M | 0.08% |
697,825
-71,356
| -9% | -$9.85M |
|
228
iShares US Aerospace & Defense ETF
ITA
$14.2B
| $103M | 0.08% |
892,021
+1,167
| +0.1% | +$133K |
|
229
Kimberly-Clark
KMB
$36.3B
| $102M | 0.08% |
760,956
+77,029
| +11% | +$10M |
|
230
State Street Materials Select Sector SPDR ETF
XLB
$8.5B
| $101M | 0.08% |
2,516,562
+305,718
| +14% | +$12.4M |
|
231
iShares Short-Term National Muni Bond ETF
SUB
$11.4B
| $101M | 0.08% |
968,779
-100,890
| -9% | -$10.5M |
|
232
First Trust Managed Municipal ETF
FMB
$2.04B
| $101M | 0.08% |
1,987,925
+17,507
| +0.9% | +$890K |
|
233
iShares Russell 3000 ETF
IWV
$19.6B
| $101M | 0.08% |
429,261
-23,730
| -5% | -$5.48M |
|
234
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$19.2B
| $101M | 0.08% |
518,016
+4,080
| +0.8% | +$781K |
|
235
Waste Management
WM
$90.6B
| $101M | 0.08% |
617,528
+30,396
| +5% | +$4.66M |
|
236
Crown Castle
CCI
$33.3B
| $99.5M | 0.08% |
743,330
+61,383
| +9% | +$8.49M |
|
237
Vanguard Consumer Staples ETF
VDC
$7.97B
| $99.1M | 0.08% |
511,956
-10,758
| -2% | -$2.04M |
|
238
Invesco S&P MidCap Momentum ETF
XMMO
$7.11B
| $98.5M | 0.08% |
1,304,831
+117,841
| +10% | +$9.03M |
|
239
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $98.4M | 0.08% |
2,056,684
-563,366
| -22% | -$26.5M |
|
|
BSCN
240
DELISTED
Invesco BulletShares 2023 Corporate Bond ETF
BSCN
| $97M | 0.08% |
4,603,189
+1,204,788
| +35% | +$25.4M |
|
|
241
State Street Blackstone Senior Loan ETF
SRLN
$5.3B
| $96.8M | 0.08% |
2,335,029
-6,044,673
| -72% | -$252M |
|
242
Union Pacific
UNP
$174B
| $96.8M | 0.08% |
480,764
+30,235
| +7% | +$6.13M |
|
243
Vanguard S&P 500 Growth ETF
VOOG
$25.9B
| $96.4M | 0.08% |
2,509,758
+397,458
| +19% | +$14.6M |
|
244
iShares Russell Mid-Cap Value ETF
IWS
$15.6B
| $96.2M | 0.07% |
905,740
+828
| +0.1% | +$90.3K |
|
245
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.09B
| $95.3M | 0.07% |
2,323,632
+236,743
| +11% | +$9.67M |
|
246
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.3B
| $94.4M | 0.07% |
2,655,640
-1,729,237
| -39% | -$60.8M |
|
247
VanEck Semiconductor ETF
SMH
$65.2B
| $94.4M | 0.07% |
717,358
+69,718
| +11% | +$8.36M |
|
248
Vanguard Total World Stock ETF
VT
$77.1B
| $94M | 0.07% |
1,020,315
+31,144
| +3% | +$2.82M |
|
249
Nike
NKE
$61.9B
| $94M | 0.07% |
766,091
+72,074
| +10% | +$8.86M |
|
250
Accenture
ACN
$102B
| $92.7M | 0.07% |
324,413
+32,431
| +11% | +$8.84M |
|
Similar funds
LPL Financial's Q1 2023 Portfolio in Review
As of Q1 2023, LPL Financial held 4,683 positions worth $128B, up 10% from $117B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $5.89B of net new capital in Q1 2023, opening 238 new positions and adding to 2,599 existing holdings. Its largest new stake was AB Tax-Aware Short Duration Municipal ETF: 1,348,071 shares worth $33.9M.
By sector, the portfolio is most concentrated in Technology at 6% of assets, up from 5.1% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was iShares ESG Aware MSCI USA ETF, an estimated $546M trimmed.
- LPL Financial's largest Q1 2023 buy was AB Tax-Aware Short Duration Municipal ETF: 1,348,071 shares worth $33.9M.
- LPL Financial added most to iShares MBS ETF in Q1 2023, an estimated $929M increase.
- LPL Financial's biggest Q1 2023 reduction was iShares ESG Aware MSCI USA ETF, cutting an estimated $546M.
- LPL Financial fully exited STORE Capital Corporation in Q1 2023, selling an estimated $20.5M.
- LPL Financial's ten largest holdings make up 17% of its $128B portfolio in Q1 2023.
- LPL Financial opened 238 new positions and closed 199 in Q1 2023.
- LPL Financial's portfolio value rose 10% quarter-over-quarter to $128B.
Based on LPL Financial's 13F filing for Q1 2023, filed 10 May 2023.