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 | |
|---|---|---|---|---|---|---|
|
MMU
2826
Western Asset Managed Municipals Fund
MMU
$548M
| $914K | ﹤0.01% |
88,946
+268
| +0.3% | +$2.76K |
|
2827
Vanguard US Minimum Volatility ETF
VFMV
$436M
| $914K | ﹤0.01% |
9,293
+984
| +12% | +$97.2K |
|
2828
BWX Technologies
BWXT
$15.4B
| $913K | ﹤0.01% |
14,486
+322
| +2% | +$19.4K |
|
|
SRV
2829
NXG Cushing Midstream Energy Fund
SRV
$216M
| $912K | ﹤0.01% |
27,851
+18,682
| +204% | +$645K |
|
2830
Invesco CurrencyShares British Pound Sterling Trust
FXB
$64.7M
| $912K | ﹤0.01% |
7,682
+4,496
| +141% | +$526K |
|
2831
Carpenter Technology
CRS
$28.3B
| $910K | ﹤0.01% |
20,329
-710
| -3% | -$32.3K |
|
2832
Invesco CurrencyShares Swiss Franc Trust
FXF
$398M
| $908K | ﹤0.01% |
9,324
-7,917
| -46% | -$763K |
|
2833
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$323M
| $907K | ﹤0.01% |
36,197
+6,887
| +23% | +$169K |
|
2834
Rush Enterprises Class A
RUSHA
$6.36B
| $906K | ﹤0.01% |
24,900
+446
| +2% | +$16.1K |
|
2835
AeroVironment
AVAV
$8.51B
| $906K | ﹤0.01% |
9,883
-92
| -0.9% | -$8.15K |
|
2836
Invesco Dorsey Wright Financial Momentum ETF
PFI
$60.9M
| $904K | ﹤0.01% |
22,687
-72,303
| -76% | -$3.02M |
|
|
JWN
2837
DELISTED
Nordstrom
JWN
| $902K | ﹤0.01% |
55,413
+9,419
| +20% | +$176K |
|
2838
Acco Brands
ACCO
$402M
| $898K | ﹤0.01% |
168,888
-3,953
| -2% | -$22.6K |
|
2839
RB Global
RBA
$17.8B
| $898K | ﹤0.01% |
15,947
+2,294
| +17% | +$135K |
|
|
KREF
2840
KKR Real Estate Finance Trust
KREF
$464M
| $896K | ﹤0.01% |
78,660
+48,231
| +159% | +$676K |
|
2841
Kinross Gold
KGC
$30.5B
| $894K | ﹤0.01% |
189,845
-2,377
| -1% | -$10.1K |
|
2842
Bath & Body Works
BBWI
$4.19B
| $894K | ﹤0.01% |
24,429
-1,875
| -7% | -$78.5K |
|
2843
Rapid7
RPD
$726M
| $892K | ﹤0.01% |
19,419
+4,570
| +31% | +$194K |
|
|
ETB
2844
Eaton Vance Tax-Managed Buy-Write Income Fund
ETB
$458M
| $890K | ﹤0.01% |
68,193
+24,436
| +56% | +$325K |
|
2845
Avantis Real Estate ETF
AVRE
$877M
| $888K | ﹤0.01% |
21,425
+1,966
| +10% | +$83.7K |
|
2846
Axos Financial
AX
$5.89B
| $888K | ﹤0.01% |
24,045
-9,201
| -28% | -$397K |
|
2847
Banco Bradesco
BBD
$37.8B
| $888K | ﹤0.01% |
338,781
+96,433
| +40% | +$256K |
|
2848
Levi Strauss
LEVI
$9.53B
| $888K | ﹤0.01% |
48,686
+1,173
| +2% | +$20.1K |
|
2849
Community Health Systems
CYH
$416M
| $887K | ﹤0.01% |
181,110
+8,106
| +5% | +$42.7K |
|
2850
Avantis Emerging Markets Value ETF
AVES
$1.47B
| $881K | ﹤0.01% |
20,630
+2,541
| +14% | +$110K |
|
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.