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 | |
|---|---|---|---|---|---|---|
|
DBL
2851
DoubleLine Opportunistic Credit Fund
DBL
$279M
| $880K | ﹤0.01% |
62,037
+5,648
| +10% | +$84.3K |
|
2852
Acadia Pharmaceuticals
ACAD
$4.93B
| $879K | ﹤0.01% |
46,684
+9,127
| +24% | +$174K |
|
2853
WillScot Mobile Mini Holdings
WSC
$4.81B
| $877K | ﹤0.01% |
18,700
+4,559
| +32% | +$219K |
|
2854
State Street SPDR S&P Kensho Intelligent Structures ETF
SIMS
$8.79M
| $871K | ﹤0.01% |
25,163
-1,128
| -4% | -$39.4K |
|
2855
Invesco BulletShares 2029 Municipal Bond ETF
BSMT
$283M
| $871K | ﹤0.01% |
37,244
+3,303
| +10% | +$76.7K |
|
2856
Amkor Technology
AMKR
$13.4B
| $869K | ﹤0.01% |
33,399
+544
| +2% | +$14.9K |
|
2857
Tandem Diabetes Care
TNDM
$1.34B
| $865K | ﹤0.01% |
21,292
-9,724
| -31% | -$403K |
|
|
PRO
2858
DELISTED
PROS Holdings
PRO
| $864K | ﹤0.01% |
31,542
+3,635
| +13% | +$94.7K |
|
2859
Franklin Emerging Market Core Dividend Tilt Index ETF
DIEM
$75.6M
| $862K | ﹤0.01% |
36,222
+6,805
| +23% | +$162K |
|
|
RESE
2860
DELISTED
WisdomTree Emerging Markets ESG Fund
RESE
| $862K | ﹤0.01% |
30,727
-3,169
| -9% | -$90K |
|
2861
Humacyte
HUMA
$197M
| $862K | ﹤0.01% |
278,840
-5,700
| -2% | -$16.2K |
|
2862
East-West Bancorp
EWBC
$18.3B
| $861K | ﹤0.01% |
15,509
+642
| +4% | +$44.3K |
|
|
TVRD
2863
Tvardi Therapeutics
TVRD
$18.8M
| $859K | ﹤0.01% |
4,857
-28
| -0.6% | -$9.38K |
|
2864
Cardlytics
CDLX
$23.8M
| $853K | ﹤0.01% |
25,134
+2,533
| +11% | +$132K |
|
2865
First Bancorp
FBNC
$2.68B
| $853K | ﹤0.01% |
24,020
+4,837
| +25% | +$192K |
|
2866
Towne Bank
TOWN
$3.5B
| $852K | ﹤0.01% |
31,984
+1,619
| +5% | +$47.8K |
|
2867
Certara
CERT
$1.25B
| $852K | ﹤0.01% |
35,337
+6,149
| +21% | +$121K |
|
|
AGNT
2868
AGNT Inc
AGNT
$666M
| $852K | ﹤0.01% |
67,125
-22,549
| -25% | -$301K |
|
2869
BRC Inc
BRCC
$118M
| $852K | ﹤0.01% |
165,700
+85,002
| +105% | +$534K |
|
2870
Exelixis
EXEL
$14.3B
| $851K | ﹤0.01% |
43,854
-3,925
| -8% | -$68.4K |
|
|
HTY
2871
DELISTED
JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND
HTY
| $851K | ﹤0.01% |
173,344
+9,916
| +6% | +$50.8K |
|
|
FFA
2872
First Trust Enhanced Equity Income Fund
FFA
$464M
| $849K | ﹤0.01% |
51,411
+4,043
| +9% | +$66.7K |
|
2873
ProShares MSCI EAFE Dividend Growers ETF
EFAD
$63.8M
| $849K | ﹤0.01% |
22,635
+2,762
| +14% | +$102K |
|
2874
WisdomTree International MidCap Dividend Fund
DIM
$169M
| $849K | ﹤0.01% |
14,516
+1,416
| +11% | +$82.7K |
|
2875
Mueller Industries
MLI
$15.3B
| $847K | ﹤0.01% |
46,104
+4,928
| +12% | +$86K |
|
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.