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 | |
|---|---|---|---|---|---|---|
2976
Wintrust Financial
WTFC
$11B
| $761K | ﹤0.01% |
10,430
-597
| -5% | -$51K |
|
2977
RPAR Risk Parity ETF
RPAR
$581M
| $758K | ﹤0.01% |
38,772
+5,937
| +18% | +$115K |
|
2978
California Water Service
CWT
$3.09B
| $758K | ﹤0.01% |
13,027
-1,097
| -8% | -$65.1K |
|
|
UCTT
2979
Ultra Clean Holdings
UCTT
$3.67B
| $758K | ﹤0.01% |
22,854
-5,766
| -20% | -$191K |
|
2980
Clearfield
CLFD
$444M
| $758K | ﹤0.01% |
16,266
+242
| +2% | +$15.6K |
|
2981
Cambria Trinity ETF
TRTY
$145M
| $757K | ﹤0.01% |
30,744
+2,101
| +7% | +$52.7K |
|
|
GNTY
2982
DELISTED
Guaranty Bancshares
GNTY
| $757K | ﹤0.01% |
27,154
-1,388
| -5% | -$43.9K |
|
2983
Macy's
M
$6.88B
| $755K | ﹤0.01% |
43,147
+918
| +2% | +$19.4K |
|
2984
DaVita
DVA
$11.9B
| $754K | ﹤0.01% |
9,302
-22,361
| -71% | -$1.79M |
|
2985
TG Therapeutics
TGTX
$7.48B
| $754K | ﹤0.01% |
50,148
+11,293
| +29% | +$172K |
|
|
FDEU
2986
DELISTED
First Trust Dynamic Europe Equity Income Fund
FDEU
| $754K | ﹤0.01% |
59,147
+6,495
| +12% | +$78.3K |
|
2987
APi Group
APG
$17.9B
| $753K | ﹤0.01% |
50,227
+3,609
| +8% | +$51.8K |
|
|
ETX
2988
Eaton Vance Municipal Income 2028 Term Trust
ETX
$198M
| $752K | ﹤0.01% |
42,269
+60
| +0.1% | +$1.08K |
|
2989
Ambarella
AMBA
$3.49B
| $751K | ﹤0.01% |
9,700
+36
| +0.4% | +$3.08K |
|
2990
Broadstone Net Lease
BNL
$4.06B
| $750K | ﹤0.01% |
44,099
+5,623
| +15% | +$98K |
|
|
SWN
2991
DELISTED
Southwestern Energy Company
SWN
| $749K | ﹤0.01% |
149,794
-88,137
| -37% | -$468K |
|
2992
Univest Financial
UVSP
$1.23B
| $749K | ﹤0.01% |
31,545
-1,135
| -3% | -$30K |
|
2993
Veracyte
VCYT
$3.8B
| $748K | ﹤0.01% |
33,552
-1,067
| -3% | -$25.8K |
|
|
NUO
2994
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
| $747K | ﹤0.01% |
58,811
+2,323
| +4% | +$29.6K |
|
2995
Sinclair Inc
SBGI
$997M
| $745K | ﹤0.01% |
43,432
+530
| +1% | +$9.22K |
|
2996
Stratasys
SSYS
$758M
| $745K | ﹤0.01% |
45,047
+11,456
| +34% | +$162K |
|
|
XHR
2997
Xenia Hotels & Resorts
XHR
$1.9B
| $743K | ﹤0.01% |
56,788
+1,946
| +4% | +$26.9K |
|
2998
First Financial Bancorp
FFBC
$3.62B
| $742K | ﹤0.01% |
34,079
+4,507
| +15% | +$108K |
|
2999
FT Vest US Equity Buffer ETF August
FAUG
$1.2B
| $742K | ﹤0.01% |
20,331
+7,654
| +60% | +$274K |
|
|
ERF
3000
DELISTED
Enerplus Corporation
ERF
| $741K | ﹤0.01% |
51,438
-2,929
| -5% | -$47.2K |
|
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.