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 | |
|---|---|---|---|---|---|---|
276
Invesco S&P 500 Top 50 ETF
XLG
$10.6B
| $82.8M | 0.06% |
2,666,360
-280,700
| -10% | -$8.23M |
|
277
Altria Group
MO
$114B
| $82.7M | 0.06% |
1,853,423
+142,897
| +8% | +$6.57M |
|
278
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.8B
| $82.1M | 0.06% |
1,199,344
+219,323
| +22% | +$15M |
|
279
Medtronic
MDT
$109B
| $82M | 0.06% |
1,017,231
+190,984
| +23% | +$15.6M |
|
280
Intel
INTC
$455B
| $81.7M | 0.06% |
2,501,419
-317,596
| -11% | -$9M |
|
281
iShares Biotechnology ETF
IBB
$9.34B
| $81M | 0.06% |
627,325
-4,905
| -0.8% | -$642K |
|
282
State Street SPDR Portfolio MSCI Global Stock Market ETF
SPGM
$1.72B
| $80.5M | 0.06% |
1,614,702
+190,045
| +13% | +$9.31M |
|
283
Invesco S&P MidCap Quality ETF
XMHQ
$5.47B
| $80.3M | 0.06% |
1,094,273
+109,296
| +11% | +$7.99M |
|
284
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $80.2M | 0.06% |
1,586,096
-269,539
| -15% | -$13.5M |
|
285
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.05B
| $80.1M | 0.06% |
2,142,492
+483,999
| +29% | +$18.8M |
|
286
iShares Silver Trust
SLV
$28B
| $79.9M | 0.06% |
3,611,576
+83,674
| +2% | +$1.73M |
|
287
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.76B
| $79.7M | 0.06% |
1,205,657
-233,784
| -16% | -$16M |
|
288
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$920M
| $79.5M | 0.06% |
1,818,613
+18,686
| +1% | +$813K |
|
|
BSCP
289
DELISTED
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
| $79.1M | 0.06% |
3,899,629
+955,666
| +32% | +$19.3M |
|
290
iShares Russell 2000 Growth ETF
IWO
$14.3B
| $78.8M | 0.06% |
347,397
+3,342
| +1% | +$764K |
|
291
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $78.8M | 0.06% |
1,740,752
-221,312
| -11% | -$10M |
|
292
American Express
AXP
$227B
| $78.3M | 0.06% |
474,702
+21,025
| +5% | +$3.49M |
|
293
State Street Communication Services Select Sector SPDR ETF
XLC
$22.3B
| $78.1M | 0.06% |
1,346,739
-136,547
| -9% | -$7.42M |
|
294
Vanguard Russell 1000 Value ETF
VONV
$20.7B
| $77.1M | 0.06% |
1,154,244
-26,000
| -2% | -$1.76M |
|
295
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.61B
| $76.8M | 0.06% |
1,930,658
+287,732
| +18% | +$11.5M |
|
296
Morgan Stanley
MS
$331B
| $76.3M | 0.06% |
869,498
+48,987
| +6% | +$4.57M |
|
297
ConocoPhillips
COP
$147B
| $75.8M | 0.06% |
764,443
+32,317
| +4% | +$3.54M |
|
298
Invesco FTSE RAFI US 1000 ETF
PRF
$9.79B
| $75.8M | 0.06% |
2,416,010
-27,170
| -1% | -$861K |
|
299
iShares ESG Aware MSCI EM ETF
ESGE
$6.58B
| $75.5M | 0.06% |
2,397,247
+907,518
| +61% | +$28.8M |
|
300
Gilead Sciences
GILD
$162B
| $75.3M | 0.06% |
907,392
-265,790
| -23% | -$22M |
|
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.