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 | |
|---|---|---|---|---|---|---|
|
PRFT
2626
DELISTED
Perficient Inc
PRFT
| $1.17M | ﹤0.01% |
16,222
+4,388
| +37% | +$320K |
|
2627
York Water
YORW
$500M
| $1.17M | ﹤0.01% |
+26,173
| New | +$1.17M |
|
2628
Dropbox
DBX
$8.17B
| $1.17M | ﹤0.01% |
54,088
-5,313
| -9% | -$117K |
|
2629
Xtrackers MSCI USA ESG Leaders Equity ETF
USSG
$588M
| $1.17M | ﹤0.01% |
31,115
-18,495
| -37% | -$674K |
|
2630
ProShares Ultra QQQ
QLD
$13.8B
| $1.17M | ﹤0.01% |
47,114
+4,200
| +10% | +$89.1K |
|
2631
XPO
XPO
$23.4B
| $1.17M | ﹤0.01% |
36,592
-11,080
| -23% | -$399K |
|
|
AIVC
2632
Amplify Bloomberg AI Equal Weight ETF
AIVC
$121M
| $1.17M | ﹤0.01% |
35,964
-4,130
| -10% | -$130K |
|
2633
Fidelity Stocks for Inflation ETF
FCPI
$279M
| $1.17M | ﹤0.01% |
37,011
-1,636
| -4% | -$51.2K |
|
2634
Sun Life Financial
SLF
$45.3B
| $1.17M | ﹤0.01% |
24,948
+3,217
| +15% | +$155K |
|
2635
Saia
SAIA
$9.52B
| $1.16M | ﹤0.01% |
4,280
+2,971
| +227% | +$793K |
|
2636
Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2 2033
GLDI
$32.1M
| $1.16M | ﹤0.01% |
7,868
-476
| -6% | -$69.8K |
|
2637
Valmont Industries
VMI
$9.58B
| $1.16M | ﹤0.01% |
3,636
+1,930
| +113% | +$616K |
|
|
FDIQ
2638
Invesco Bloomberg Financial Data Providers ETF
FDIQ
$50.3M
| $1.16M | ﹤0.01% |
25,159
+14,340
| +133% | +$794K |
|
|
WINC
2639
DELISTED
Western Asset Short Duration Income ETF
WINC
| $1.16M | ﹤0.01% |
49,060
+5,050
| +11% | +$119K |
|
|
EMTL
2640
DELISTED
State Street DoubleLine Emerging Markets Fixed Income ETF
EMTL
| $1.16M | ﹤0.01% |
28,309
+15,276
| +117% | +$626K |
|
2641
Halozyme
HALO
$9.91B
| $1.16M | ﹤0.01% |
30,268
+10,482
| +53% | +$492K |
|
2642
FlexShares International Quality Dividend Index Fund
IQDF
$1.17B
| $1.16M | ﹤0.01% |
52,331
-3,222
| -6% | -$70.5K |
|
2643
Fidus Investment
FDUS
$764M
| $1.15M | ﹤0.01% |
60,532
+10,292
| +20% | +$205K |
|
2644
Invesco S&P SmallCap Energy ETF
PSCE
$95.5M
| $1.15M | ﹤0.01% |
24,874
-5,412
| -18% | -$271K |
|
2645
Transocean
RIG
$5.69B
| $1.15M | ﹤0.01% |
181,120
+49,641
| +38% | +$319K |
|
2646
Coty
COTY
$2.49B
| $1.15M | ﹤0.01% |
95,329
+6,384
| +7% | +$67.6K |
|
|
TBLU
2647
Tortoise Global Water ETF
TBLU
$58.9M
| $1.15M | ﹤0.01% |
28,986
-2,833
| -9% | -$111K |
|
|
IDE
2648
Voya Infrastructure, Industrials and Materials Fund
IDE
$198M
| $1.15M | ﹤0.01% |
118,823
+5,689
| +5% | +$55.2K |
|
|
HYLD
2649
DELISTED
High Yield ETF
HYLD
| $1.15M | ﹤0.01% |
43,463
-4,526
| -9% | -$121K |
|
2650
Resources Connection
RGP
$153M
| $1.14M | ﹤0.01% |
67,106
+5,782
| +9% | +$101K |
|
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.