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 | |
|---|---|---|---|---|---|---|
3326
Lindsay Corp
LNN
$1.2B
| $503K | ﹤0.01% |
+3,325
| New | +$502K |
|
|
FMN
3327
Federated Hermes Premier Municipal Income Fund
FMN
$86.6M
| $502K | ﹤0.01% |
46,434
+1,497
| +3% | +$16.1K |
|
3328
Avient
AVNT
$3.5B
| $502K | ﹤0.01% |
12,191
-622
| -5% | -$24.8K |
|
3329
Affirm
AFRM
$26.2B
| $501K | ﹤0.01% |
44,419
-215
| -0.5% | -$2.71K |
|
3330
Atlas Energy Solutions
AESI
$1.37B
| $501K | ﹤0.01% |
+29,390
| New | +$482K |
|
3331
BOK Financial
BOKF
$8.79B
| $500K | ﹤0.01% |
5,926
+617
| +12% | +$60.3K |
|
3332
Valvoline
VVV
$5.01B
| $500K | ﹤0.01% |
14,314
-831
| -5% | -$28.9K |
|
|
RCM
3333
DELISTED
R1 RCM Inc. Common Stock
RCM
| $500K | ﹤0.01% |
33,302
-1,014
| -3% | -$13.9K |
|
3334
NewtekOne
NEWT
$445M
| $499K | ﹤0.01% |
39,005
+882
| +2% | +$14.6K |
|
|
MYD
3335
DELISTED
BlackRock MuniYield Fund
MYD
| $499K | ﹤0.01% |
46,411
+9,680
| +26% | +$104K |
|
3336
Visteon
VC
$2.81B
| $498K | ﹤0.01% |
3,173
-712
| -18% | -$110K |
|
|
PSMG
3337
DELISTED
Invesco Growth Multi-Asset Allocation ETF
PSMG
| $497K | ﹤0.01% |
29,834
-36,059
| -55% | -$603K |
|
|
SABA
3338
Saba Capital Income & Opportunities Fund II
SABA
$223M
| $496K | ﹤0.01% |
56,324
-4,543
| -7% | -$39.4K |
|
3339
Amphastar Pharmaceuticals
AMPH
$877M
| $495K | ﹤0.01% |
+13,213
| New | +$433K |
|
3340
Virtus Reaves Utilities ETF
UTES
$1.32B
| $495K | ﹤0.01% |
10,842
+5,629
| +108% | +$256K |
|
3341
Capri Holdings
CPRI
$1.9B
| $494K | ﹤0.01% |
10,520
+880
| +9% | +$47.2K |
|
3342
International Seaways
INSW
$4.58B
| $494K | ﹤0.01% |
+11,859
| New | +$502K |
|
3343
Noble Corp
NE
$6.52B
| $494K | ﹤0.01% |
+12,519
| New | +$501K |
|
3344
iShares iBonds Dec 2029 Term Treasury ETF
IBTJ
$1.35B
| $492K | ﹤0.01% |
22,205
+2,856
| +15% | +$62.6K |
|
|
ECC
3345
Eagle Point Credit Company
ECC
$509M
| $490K | ﹤0.01% |
43,856
+21,382
| +95% | +$232K |
|
|
HEP
3346
DELISTED
Holly Energy Partners, L.P.
HEP
| $490K | ﹤0.01% |
28,195
+1,018
| +4% | +$18.7K |
|
3347
GraniteShares Nasdaq Select Disruptors ETF
DRUP
$51M
| $490K | ﹤0.01% |
13,504
+1
| +0% | +$35 |
|
|
MTTR
3348
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
| $489K | ﹤0.01% |
179,242
+11,820
| +7% | +$36.1K |
|
3349
Photronics
PLAB
$1.92B
| $488K | ﹤0.01% |
29,451
-7,753
| -21% | -$136K |
|
3350
Axalta
AXTA
$8.05B
| $486K | ﹤0.01% |
16,055
-4,062
| -20% | -$117K |
|
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.