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 | |
|---|---|---|---|---|---|---|
3376
SITE Centers
SITC
$166M
| $475K | ﹤0.01% |
49,619
+1,237
| +3% | +$12.6K |
|
3377
Franklin FTSE Taiwan ETF
FLTW
$2.8B
| $475K | ﹤0.01% |
+12,811
| New | +$462K |
|
3378
Utz Brands
UTZ
$1.25B
| $475K | ﹤0.01% |
28,843
-1,202
| -4% | -$19.9K |
|
3379
GFL Environmental
GFL
$15.2B
| $474K | ﹤0.01% |
+13,765
| New | +$434K |
|
3380
Vipshop
VIPS
$7.47B
| $474K | ﹤0.01% |
+31,198
| New | +$463K |
|
3381
Franklin Genomic Advancements ETF
HELX
$29.2M
| $473K | ﹤0.01% |
15,562
+3,683
| +31% | +$113K |
|
|
MRCC
3382
DELISTED
Monroe Capital Corp
MRCC
| $473K | ﹤0.01% |
61,765
+5,634
| +10% | +$45.7K |
|
3383
BlackBerry
BB
$5.2B
| $472K | ﹤0.01% |
103,509
+862
| +0.8% | +$3.42K |
|
|
BKSC
3384
DELISTED
Bank of South Carolina
BKSC
| $471K | ﹤0.01% |
29,742
+15,385
| +107% | +$250K |
|
3385
National Health Investors
NHI
$3.62B
| $470K | ﹤0.01% |
9,116
-68
| -0.7% | -$3.71K |
|
3386
GameStop
GME
$8.62B
| $470K | ﹤0.01% |
20,415
-8,639
| -30% | -$172K |
|
|
CIO
3387
DELISTED
City Office REIT
CIO
| $470K | ﹤0.01% |
68,105
+10,104
| +17% | +$85.4K |
|
|
SILK
3388
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $470K | ﹤0.01% |
+11,999
| New | +$587K |
|
3389
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$783M
| $469K | ﹤0.01% |
12,814
+362
| +3% | +$13K |
|
3390
CALL
Vale
VALE
$63.2B
| $469K | ﹤0.01% |
+29,700
| New | +$503K |
|
3391
Clearwater Paper
CLW
$369M
| $468K | ﹤0.01% |
14,010
+7,300
| +109% | +$264K |
|
|
EBTC
3392
DELISTED
Enterprise Bancorp
EBTC
| $468K | ﹤0.01% |
+14,867
| New | +$513K |
|
|
CPZ
3393
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$266M
| $467K | ﹤0.01% |
30,210
+17,307
| +134% | +$277K |
|
3394
LXP Industrial Trust
LXP
$3.57B
| $466K | ﹤0.01% |
9,032
-3,035
| -25% | -$162K |
|
|
IHD
3395
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$132M
| $465K | ﹤0.01% |
86,533
+36,695
| +74% | +$198K |
|
|
ALE
3396
DELISTED
Allete
ALE
| $465K | ﹤0.01% |
7,218
+225
| +3% | +$14.1K |
|
|
PFD
3397
Flaherty & Crumrine Preferred and Income Fund
PFD
$147M
| $464K | ﹤0.01% |
43,774
-2,730
| -6% | -$31.9K |
|
3398
Chegg
CHGG
$115M
| $464K | ﹤0.01% |
28,481
-179
| -0.6% | -$3.35K |
|
3399
iShares 1-3 Year International Treasury Bond ETF
ISHG
$829M
| $464K | ﹤0.01% |
+6,608
| New | +$461K |
|
3400
Minerals Technologies
MTX
$2.34B
| $464K | ﹤0.01% |
7,672
+450
| +6% | +$28K |
|
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.