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 | |
|---|---|---|---|---|---|---|
3876
Mativ Holdings
MATV
$489M
| $252K | ﹤0.01% |
11,725
-1,495
| -11% | -$36.8K |
|
|
MZTI
3877
The Marzetti Company
MZTI
$3.06B
| $252K | ﹤0.01% |
1,241
-1,575
| -56% | -$306K |
|
3878
Cousins Properties
CUZ
$5.23B
| $252K | ﹤0.01% |
11,766
-3,456
| -23% | -$84.1K |
|
|
ORC
3879
Orchid Island Capital
ORC
$1.3B
| $251K | ﹤0.01% |
23,350
+5,714
| +32% | +$64.4K |
|
3880
Modine Manufacturing
MOD
$10.6B
| $250K | ﹤0.01% |
10,849
+692
| +7% | +$16K |
|
3881
TriNet
TNET
$3.25B
| $250K | ﹤0.01% |
3,102
| – | – |
|
3882
Global Partners
GLP
$1.67B
| $249K | ﹤0.01% |
8,020
-3,216
| -29% | -$109K |
|
3883
Marcus & Millichap
MMI
$1.16B
| $249K | ﹤0.01% |
7,742
+787
| +11% | +$27.3K |
|
3884
CALL
Costco
COST
$422B
| $248K | ﹤0.01% |
+500
| New | +$245K |
|
3885
Perion Network
PERI
$380M
| $247K | ﹤0.01% |
+6,246
| New | +$208K |
|
3886
SPX Corp
SPXC
$10.7B
| $247K | ﹤0.01% |
3,502
+130
| +4% | +$9.22K |
|
|
OSH
3887
DELISTED
Oak Street Health, Inc.
OSH
| $247K | ﹤0.01% |
+6,390
| New | +$206K |
|
3888
Steven Madden
SHOO
$3.51B
| $247K | ﹤0.01% |
6,859
+86
| +1% | +$2.98K |
|
3889
Trupanion
TRUP
$1.08B
| $247K | ﹤0.01% |
5,753
+292
| +5% | +$15.8K |
|
3890
Mercantile Bank Corp
MBWM
$1.05B
| $247K | ﹤0.01% |
8,067
-306
| -4% | -$10.2K |
|
3891
iShares JPMorgan EM Corporate Bond ETF
CEMB
$404M
| $247K | ﹤0.01% |
5,663
-557
| -9% | -$24.3K |
|
|
IAE
3892
Voya Asia Pacific High Dividend Equity Income Fund
IAE
$92M
| $245K | ﹤0.01% |
38,207
-235
| -0.6% | -$1.53K |
|
|
ARDC
3893
Are Dynamic Credit Allocation Fund
ARDC
$298M
| $244K | ﹤0.01% |
20,395
+740
| +4% | +$9.09K |
|
3894
BNY Mellon US Mid Cap Core Equity ETF
BKMC
$654M
| $244K | ﹤0.01% |
9,012
-9,639
| -52% | -$263K |
|
3895
Dimensional Emerging Markets Value ETF
DFEV
$1.95B
| $244K | ﹤0.01% |
+10,419
| New | +$245K |
|
3896
American Eagle Outfitters
AEO
$2.92B
| $243K | ﹤0.01% |
18,110
-3,296
| -15% | -$48.4K |
|
|
RIV
3897
RiverNorth Opportunities Fund
RIV
$311M
| $243K | ﹤0.01% |
21,416
-17,162
| -44% | -$203K |
|
|
CCRN
3898
DELISTED
Cross Country Healthcare
CCRN
| $243K | ﹤0.01% |
10,897
-1,417
| -12% | -$37.1K |
|
3899
Vident International Equity Strategy
VIDI
$436M
| $243K | ﹤0.01% |
+10,643
| New | +$241K |
|
|
SRCL
3900
DELISTED
Stericycle Inc
SRCL
| $243K | ﹤0.01% |
5,576
-1,632
| -23% | -$80.8K |
|
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.