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 | |
|---|---|---|---|---|---|---|
|
RVNC
3026
DELISTED
Revance Therapeutics, Inc.
RVNC
| $721K | ﹤0.01% |
22,386
+8,363
| +60% | +$261K |
|
3027
Simplify Managed Futures Strategy ETF
CTA
$1.44B
| $720K | ﹤0.01% |
+30,737
| New | +$781K |
|
3028
Middleby
MIDD
$6.27B
| $720K | ﹤0.01% |
4,908
-245
| -5% | -$36.4K |
|
3029
Beam Therapeutics
BEAM
$2.92B
| $719K | ﹤0.01% |
23,484
+5,677
| +32% | +$224K |
|
|
GAP
3030
The Gap Inc
GAP
$7.42B
| $717K | ﹤0.01% |
71,455
+9,383
| +15% | +$114K |
|
|
KTF
3031
DWS Municipal Income Trust
KTF
$350M
| $717K | ﹤0.01% |
80,593
-3,489
| -4% | -$30.7K |
|
3032
Aptus Collared Investment Opportunity ETF
ACIO
$2.43B
| $715K | ﹤0.01% |
23,689
+4,828
| +26% | +$143K |
|
3033
Southwest Gas
SWX
$6.44B
| $715K | ﹤0.01% |
11,448
-2,643
| -19% | -$168K |
|
|
SELF
3034
Global Self Storage
SELF
$59.3M
| $713K | ﹤0.01% |
138,787
+21,730
| +19% | +$114K |
|
3035
Brunswick
BC
$5.41B
| $713K | ﹤0.01% |
8,693
+1,033
| +13% | +$85.4K |
|
|
JHS
3036
John Hancock Income Securities Trust
JHS
$127M
| $713K | ﹤0.01% |
65,274
-1,906
| -3% | -$21.2K |
|
3037
Invesco S&P SmallCap Consumer Discretionary ETF
PSCD
$24.5M
| $713K | ﹤0.01% |
8,047
+2,105
| +35% | +$188K |
|
|
LAZR
3038
DELISTED
Luminar Technologies
LAZR
| $713K | ﹤0.01% |
7,321
-1,579
| -18% | -$166K |
|
3039
FT Vest US Equity Buffer ETF December
FDEC
$1.35B
| $712K | ﹤0.01% |
21,150
-1,082
| -5% | -$35.6K |
|
|
LAND
3040
Gladstone Land Corp
LAND
$352M
| $712K | ﹤0.01% |
42,747
+5,603
| +15% | +$101K |
|
|
AXNX
3041
DELISTED
Axonics, Inc. Common Stock
AXNX
| $711K | ﹤0.01% |
13,025
+2,583
| +25% | +$151K |
|
3042
Fidelity International High Dividend ETF
FIDI
$361M
| $710K | ﹤0.01% |
37,495
+220
| +0.6% | +$4.25K |
|
|
UCB
3043
United Community Banks
UCB
$4.33B
| $709K | ﹤0.01% |
25,221
+3,581
| +17% | +$113K |
|
3044
Equinox Gold
EQX
$7.56B
| $709K | ﹤0.01% |
137,680
+111,902
| +434% | +$466K |
|
|
EXK
3045
Endeavour Silver
EXK
$2.47B
| $709K | ﹤0.01% |
182,721
+1,602
| +0.9% | +$5.31K |
|
3046
Aegon
AEG
$13.9B
| $709K | ﹤0.01% |
164,844
+4,286
| +3% | +$21.7K |
|
3047
FT Vest US Equity Buffer ETF March
FMAR
$1.15B
| $707K | ﹤0.01% |
21,022
+2,824
| +16% | +$91.9K |
|
3048
Rexford Industrial Realty
REXR
$8.25B
| $706K | ﹤0.01% |
11,844
+3,697
| +45% | +$221K |
|
|
PACW
3049
DELISTED
PacWest Bancorp
PACW
| $706K | ﹤0.01% |
72,588
+41,980
| +137% | +$934K |
|
3050
ProShares Ultra S&P500
SSO
$8.32B
| $706K | ﹤0.01% |
28,112
-6,038
| -18% | -$145K |
|
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.