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 | |
|---|---|---|---|---|---|---|
2601
StoneX
SNEX
$9.2B
| $1.2M | ﹤0.01% |
58,786
-3,371
| -5% | -$64.1K |
|
2602
iShares S&P GSCI Commodity-Indexed Trust
GSG
$952M
| $1.2M | ﹤0.01% |
59,714
-46,560
| -44% | -$947K |
|
|
QQQN
2603
DELISTED
VictoryShares Nasdaq Next 50 ETF
QQQN
| $1.2M | ﹤0.01% |
46,765
-2,981
| -6% | -$75.9K |
|
|
SGI
2604
Somnigroup International
SGI
$14.6B
| $1.2M | ﹤0.01% |
30,392
-229
| -0.7% | -$9.11K |
|
2605
Enovis
ENOV
$1.74B
| $1.2M | ﹤0.01% |
+22,428
| New | +$1.3M |
|
|
AQUA
2606
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $1.2M | ﹤0.01% |
24,070
-5,469
| -19% | -$255K |
|
2607
ARK Space & Defense Innovation ETF
ARKX
$844M
| $1.2M | ﹤0.01% |
85,398
-7,487
| -8% | -$102K |
|
2608
American Financial Group
AFG
$12.2B
| $1.19M | ﹤0.01% |
9,833
+416
| +4% | +$54.8K |
|
|
PCH
2609
DELISTED
PotlatchDeltic
PCH
| $1.19M | ﹤0.01% |
24,094
+1,211
| +5% | +$56.8K |
|
2610
Jazz Pharmaceuticals
JAZZ
$16.4B
| $1.19M | ﹤0.01% |
8,132
-1,774
| -18% | -$262K |
|
2611
Transmedics
TMDX
$2.64B
| $1.19M | ﹤0.01% |
15,689
+7,374
| +89% | +$510K |
|
2612
Fidelity Quality Factor ETF
FQAL
$1.45B
| $1.19M | ﹤0.01% |
25,026
-3,060
| -11% | -$142K |
|
2613
CALL
Apple
AAPL
$4.54T
| $1.19M | ﹤0.01% |
7,200
+3,000
| +71% | +$443K |
|
|
CEQP
2614
DELISTED
Crestwood Equity Partners LP
CEQP
| $1.19M | ﹤0.01% |
47,552
+1,683
| +4% | +$43.4K |
|
|
DCP
2615
DELISTED
DCP Midstream, LP
DCP
| $1.18M | ﹤0.01% |
28,390
-17,505
| -38% | -$729K |
|
2616
Lattice Semiconductor
LSCC
$18.2B
| $1.18M | ﹤0.01% |
12,382
+6,732
| +119% | +$554K |
|
2617
Nuveen Real Asset Income & Growth Fund
JRI
$348M
| $1.18M | ﹤0.01% |
100,611
+11,502
| +13% | +$139K |
|
2618
Melco Resorts & Entertainment
MLCO
$2.19B
| $1.18M | ﹤0.01% |
92,775
+54,100
| +140% | +$696K |
|
2619
Global X MSCI China Consumer Discretionary ETF
CHIQ
$129M
| $1.18M | ﹤0.01% |
58,484
-56,136
| -49% | -$1.19M |
|
2620
Invesco Dorsey Wright Developed Markets Momentum ETF
PIZ
$761M
| $1.18M | ﹤0.01% |
39,394
-17,210
| -30% | -$504K |
|
|
AYX
2621
DELISTED
Alteryx Inc
AYX
| $1.18M | ﹤0.01% |
20,045
+11,579
| +137% | +$675K |
|
|
WBND
2622
DELISTED
Western Asset Total Return ETF
WBND
| $1.18M | ﹤0.01% |
56,734
+3,862
| +7% | +$79.5K |
|
2623
Lightwave Logic
LWLG
$1.12B
| $1.18M | ﹤0.01% |
224,802
+19,275
| +9% | +$108K |
|
2624
Algoma Steel
ASTL
$470M
| $1.17M | ﹤0.01% |
145,385
+120,000
| +473% | +$918K |
|
2625
Digital Turbine
APPS
$1.59B
| $1.17M | ﹤0.01% |
95,037
-40,962
| -30% | -$550K |
|
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.