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 | |
|---|---|---|---|---|---|---|
3401
Vaalco Energy
EGY
$549M
| $462K | ﹤0.01% |
101,967
+32,584
| +47% | +$149K |
|
3402
First Trust Alerian Disruptive Technology Real Estate ETF
DTRE
$14.7M
| $462K | ﹤0.01% |
11,492
-93
| -0.8% | -$3.82K |
|
3403
Strategic Education
STRA
$1.89B
| $461K | ﹤0.01% |
5,135
+175
| +4% | +$15.5K |
|
3404
Boise Cascade
BCC
$3.06B
| $461K | ﹤0.01% |
7,287
-1,302
| -15% | -$90.3K |
|
|
FRG
3405
DELISTED
Franchise Group, Inc.
FRG
| $460K | ﹤0.01% |
16,869
+662
| +4% | +$19K |
|
3406
Civeo
CVEO
$338M
| $458K | ﹤0.01% |
22,168
+2,292
| +12% | +$65.3K |
|
3407
Adaptive Biotechnologies
ADPT
$3.78B
| $457K | ﹤0.01% |
51,725
+3,500
| +7% | +$30.9K |
|
3408
Pacer Lunt MidCap Multi-Factor Alternator ETF
PAMC
$55.2M
| $457K | ﹤0.01% |
13,732
+6,509
| +90% | +$219K |
|
|
FIF
3409
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
| $456K | ﹤0.01% |
31,823
-861
| -3% | -$12.6K |
|
3410
Innovator US Equity Power Buffer ETF August
PAUG
$864M
| $456K | ﹤0.01% |
15,457
+667
| +5% | +$19.4K |
|
3411
StoneCo
STNE
$2.73B
| $456K | ﹤0.01% |
47,767
+539
| +1% | +$5.16K |
|
3412
Champion Homes
SKY
$4.61B
| $454K | ﹤0.01% |
6,041
+30
| +0.5% | +$1.94K |
|
|
NVTA
3413
DELISTED
Invitae Corporation
NVTA
| $453K | ﹤0.01% |
335,740
+8,286
| +3% | +$16.3K |
|
3414
Principal Exchange-Traded Funds Principal Value ETF
PY
$237M
| $453K | ﹤0.01% |
+11,196
| New | +$459K |
|
3415
Editas Medicine
EDIT
$416M
| $453K | ﹤0.01% |
62,471
+13,420
| +27% | +$119K |
|
3416
Federal Agricultural Mortgage
AGM
$2.65B
| $452K | ﹤0.01% |
+3,397
| New | +$446K |
|
3417
Escalade
ESCA
$293M
| $452K | ﹤0.01% |
30,984
-40
| -0.1% | -$508 |
|
3418
Grocery Outlet
GO
$984M
| $452K | ﹤0.01% |
16,002
-732
| -4% | -$21K |
|
3419
Main Thematic Innovation ETF
TMAT
$252M
| $452K | ﹤0.01% |
31,978
-3,828
| -11% | -$52.6K |
|
3420
BlueLinx
BXC
$511M
| $452K | ﹤0.01% |
6,644
+1,712
| +35% | +$138K |
|
3421
Middlesex Water
MSEX
$1.07B
| $451K | ﹤0.01% |
5,775
+205
| +4% | +$16.5K |
|
3422
Runway Growth Finance
RWAY
$242M
| $450K | ﹤0.01% |
37,077
+7,725
| +26% | +$96.8K |
|
3423
Global X Emerging Markets Bond ETF
EMBD
$249M
| $449K | ﹤0.01% |
20,584
+4,374
| +27% | +$95.3K |
|
|
MAXR
3424
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $448K | ﹤0.01% |
8,779
-3,628
| -29% | -$186K |
|
3425
Suzano
SUZ
$10.4B
| $448K | ﹤0.01% |
+54,575
| New | +$489K |
|
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.