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 | |
|---|---|---|---|---|---|---|
|
RGT
3776
Royce Global Value Trust
RGT
$99.9M
| $288K | ﹤0.01% |
31,985
-2,616
| -8% | -$24.3K |
|
3777
Sportradar
SRAD
$3.65B
| $287K | ﹤0.01% |
24,718
+1,925
| +8% | +$22.4K |
|
3778
ACNB Corp
ACNB
$656M
| $287K | ﹤0.01% |
8,808
+3,167
| +56% | +$115K |
|
3779
LendingTree
TREE
$448M
| $286K | ﹤0.01% |
10,737
+73
| +0.7% | +$2.39K |
|
3780
ProShares Ultra MidCap400
MVV
$156M
| $286K | ﹤0.01% |
+5,730
| New | +$300K |
|
3781
Horizon Bancorp
HBNC
$1.06B
| $286K | ﹤0.01% |
25,869
-5,861
| -18% | -$84.2K |
|
3782
Genworth Financial
GNW
$3.76B
| $285K | ﹤0.01% |
56,837
+34,790
| +158% | +$193K |
|
|
MTA
3783
Metalla Royalty & Streaming
MTA
$701M
| $285K | ﹤0.01% |
+50,963
| New | +$252K |
|
3784
Arrow Electronics
ARW
$11.1B
| $284K | ﹤0.01% |
2,278
-64
| -3% | -$7.59K |
|
3785
Ardmore Shipping
ASC
$712M
| $284K | ﹤0.01% |
19,106
+7,937
| +71% | +$125K |
|
3786
AZZ Inc
AZZ
$4.48B
| $283K | ﹤0.01% |
6,868
+9
| +0.1% | +$369 |
|
|
MEGI
3787
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$793M
| $283K | ﹤0.01% |
+19,919
| New | +$288K |
|
3788
Harmonic Inc
HLIT
$1.28B
| $282K | ﹤0.01% |
19,314
+2,366
| +14% | +$32.6K |
|
3789
WisdomTree New Economy Real Estate Fund
WTRE
$15.9M
| $282K | ﹤0.01% |
16,541
-537
| -3% | -$9.32K |
|
3790
Ingles Markets
IMKTA
$1.74B
| $281K | ﹤0.01% |
+3,172
| New | +$294K |
|
|
LOUP
3791
DELISTED
Innovator Deepwater Frontier Tech ETF
LOUP
| $281K | ﹤0.01% |
7,932
-2,597
| -25% | -$87.6K |
|
3792
Host Hotels & Resorts
HST
$17.2B
| $280K | ﹤0.01% |
16,988
+5,819
| +52% | +$99.1K |
|
|
MFV
3793
DELISTED
MFS SPECIAL VALUE TRUST
MFV
| $280K | ﹤0.01% |
66,507
+665
| +1% | +$2.92K |
|
3794
Invesco California Value Municipal Income Trust
VCV
$515M
| $280K | ﹤0.01% |
27,510
+5,545
| +25% | +$54.7K |
|
3795
TFS Financial
TFSL
$5.17B
| $280K | ﹤0.01% |
22,135
+805
| +4% | +$11.2K |
|
|
HTO
3796
H2O America
HTO
$2.56B
| $279K | ﹤0.01% |
3,670
-599
| -14% | -$46.3K |
|
3797
First Trust Developed Markets ex-US Small Cap AlphaDEX Fund
FDTS
$13.1M
| $279K | ﹤0.01% |
6,979
-6,872
| -50% | -$271K |
|
3798
Eastern Bankshares
EBC
$5.29B
| $279K | ﹤0.01% |
22,117
-9,472
| -30% | -$146K |
|
3799
Wabash National
WNC
$508M
| $279K | ﹤0.01% |
+11,343
| New | +$294K |
|
3800
Walker & Dunlop
WD
$1.79B
| $278K | ﹤0.01% |
3,648
+325
| +10% | +$28.2K |
|
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.