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 | |
|---|---|---|---|---|---|---|
3726
FT Vest US Equity Buffer ETF February
FFEB
$1.39B
| $303K | ﹤0.01% |
8,116
| – | – |
|
|
NARI
3727
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $303K | ﹤0.01% |
4,906
-469
| -9% | -$28.1K |
|
3728
Petco
WOOF
$831M
| $303K | ﹤0.01% |
33,652
+331
| +1% | +$3.42K |
|
|
DMF
3729
DELISTED
BNY Mellon Municipal Income
DMF
| $303K | ﹤0.01% |
46,623
+400
| +0.9% | +$2.56K |
|
|
PYCR
3730
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $302K | ﹤0.01% |
11,390
+696
| +7% | +$17.2K |
|
3731
SL Green Realty
SLG
$3.85B
| $301K | ﹤0.01% |
12,818
+4,884
| +62% | +$165K |
|
3732
Hilton Grand Vacations
HGV
$3.52B
| $301K | ﹤0.01% |
6,785
-124,413
| -95% | -$5.63M |
|
3733
Signet Jewelers
SIG
$3.69B
| $301K | ﹤0.01% |
+3,870
| New | +$287K |
|
3734
B2Gold
BTG
$5.13B
| $301K | ﹤0.01% |
76,371
-11,524
| -13% | -$42.9K |
|
3735
US Physical Therapy
USPH
$1.18B
| $301K | ﹤0.01% |
3,072
-20
| -0.6% | -$1.91K |
|
|
HEQ
3736
John Hancock Hedged Equity & Income Fund
HEQ
$139M
| $300K | ﹤0.01% |
25,836
+1,022
| +4% | +$12K |
|
3737
ProShares MSCI Europe Dividend Growers ETF
EUDV
$8.41M
| $300K | ﹤0.01% |
6,720
+222
| +3% | +$9.55K |
|
|
AAT
3738
American Assets Trust
AAT
$1.47B
| $300K | ﹤0.01% |
16,153
-17
| -0.1% | -$414 |
|
3739
Kilroy Realty
KRC
$4.54B
| $300K | ﹤0.01% |
+9,263
| New | +$338K |
|
|
FNCB
3740
DELISTED
FNCB Bancorp Inc. Common Stock
FNCB
| $300K | ﹤0.01% |
48,365
+4,037
| +9% | +$31K |
|
3741
Zillow
ZG
$8.19B
| $300K | ﹤0.01% |
6,857
-1,448
| -17% | -$60.3K |
|
|
VOXX
3742
DELISTED
VOXX International Corporation Class A
VOXX
| $300K | ﹤0.01% |
24,295
+330
| +1% | +$3.59K |
|
|
BECN
3743
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $299K | ﹤0.01% |
5,086
-961
| -16% | -$56.2K |
|
3744
Associated Banc-Corp
ASB
$5.93B
| $299K | ﹤0.01% |
16,633
-10,516
| -39% | -$230K |
|
3745
First Trust Latin America AlphaDEX Fund
FLN
$37.8M
| $299K | ﹤0.01% |
17,260
+330
| +2% | +$5.75K |
|
3746
Matinas BioPharma
MTNB
$1.93M
| $298K | ﹤0.01% |
12,699
| – | – |
|
3747
Option Care Health
OPCH
$3.55B
| $298K | ﹤0.01% |
+9,374
| New | +$281K |
|
3748
RXO
RXO
$3.42B
| $298K | ﹤0.01% |
15,159
+3,244
| +27% | +$62.3K |
|
3749
AAR Corp
AIR
$5.71B
| $298K | ﹤0.01% |
+5,455
| New | +$283K |
|
3750
PJT Partners
PJT
$4.36B
| $297K | ﹤0.01% |
4,120
-474
| -10% | -$36.4K |
|
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.