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 | |
|---|---|---|---|---|---|---|
2701
Radian Group
RDN
$5.21B
| $1.07M | ﹤0.01% |
48,235
+1,073
| +2% | +$22.8K |
|
2702
Cambria Foreign Shareholder Yield ETF
FYLD
$710M
| $1.07M | ﹤0.01% |
42,596
+21,396
| +101% | +$544K |
|
|
MUI
2703
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
| $1.07M | ﹤0.01% |
91,186
+3,096
| +4% | +$35.9K |
|
2704
BlackRock MuniYield Michigan Quality Fund
MIY
$350M
| $1.06M | ﹤0.01% |
95,170
-9,772
| -9% | -$112K |
|
|
XRN
2705
Chiron Real Estate Inc
XRN
$464M
| $1.06M | ﹤0.01% |
23,366
-1,096
| -4% | -$55.1K |
|
2706
Acuity Brands
AYI
$10.7B
| $1.06M | ﹤0.01% |
5,810
+1,277
| +28% | +$236K |
|
2707
Aecom
ACM
$9.63B
| $1.06M | ﹤0.01% |
12,582
+6,850
| +120% | +$590K |
|
2708
ALPS International Sector Dividend Dogs ETF
IDOG
$552M
| $1.06M | ﹤0.01% |
38,343
+3,921
| +11% | +$107K |
|
2709
Amplify BlackSwan Growth & Treasure Core ETF
SWAN
$161M
| $1.06M | ﹤0.01% |
41,467
-1,176
| -3% | -$29.6K |
|
2710
Goldman Sachs BDC
GSBD
$994M
| $1.06M | ﹤0.01% |
77,378
-11,987
| -13% | -$179K |
|
2711
ProShares Online Retail ETF
ONLN
$66.7M
| $1.05M | ﹤0.01% |
33,282
-2,584
| -7% | -$83.7K |
|
2712
BlackLine
BL
$1.79B
| $1.05M | ﹤0.01% |
15,686
+363
| +2% | +$25K |
|
|
PDM
2713
Piedmont Realty Trust
PDM
$1.21B
| $1.05M | ﹤0.01% |
144,188
+16,864
| +13% | +$155K |
|
2714
e.l.f. Beauty
ELF
$5.09B
| $1.05M | ﹤0.01% |
12,781
+8,617
| +207% | +$581K |
|
2715
Global X Blockchain ETF
BKCH
$207M
| $1.05M | ﹤0.01% |
47,308
+22,789
| +93% | +$453K |
|
2716
Sturm, Ruger & Co
RGR
$614M
| $1.05M | ﹤0.01% |
18,286
+30
| +0.2% | +$1.67K |
|
|
PMM
2717
Franklin Managed Municipal Income Trust
PMM
$268M
| $1.05M | ﹤0.01% |
171,148
+14,532
| +9% | +$98.3K |
|
2718
Franklin International Aggregate Bond ETF
FLIA
$768M
| $1.05M | ﹤0.01% |
53,232
-2,182
| -4% | -$42.6K |
|
|
BLE
2719
DELISTED
BlackRock Municipal Income Trust II
BLE
| $1.05M | ﹤0.01% |
97,460
-2,832
| -3% | -$30.2K |
|
2720
CapForce IBD 50 ETF
FFTY
$82M
| $1.05M | ﹤0.01% |
44,228
-7,790
| -15% | -$179K |
|
2721
NVR
NVR
$17B
| $1.04M | ﹤0.01% |
187
+9
| +5% | +$46.4K |
|
|
TWO
2722
Two Harbors Investment
TWO
$1.26B
| $1.04M | ﹤0.01% |
70,722
+15,854
| +29% | +$258K |
|
2723
IQ Candriam US Large Cap Equity ETF
IQSU
$339M
| $1.04M | ﹤0.01% |
29,483
+4,993
| +20% | +$169K |
|
2724
CALL
Alphabet (Google) Class C
GOOG
$4.4T
| $1.04M | ﹤0.01% |
10,000
| – | – |
|
|
EVN
2725
Eaton Vance Municipal Income Trust
EVN
$419M
| $1.04M | ﹤0.01% |
102,587
+5,249
| +5% | +$53.9K |
|
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.