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 | |
|---|---|---|---|---|---|---|
|
CRON
4101
Cronos Group
CRON
$1.06B
| $162K | ﹤0.01% |
83,352
-3,677
| -4% | -$8.25K |
|
4102
Ramaco Resources Class A
METC
$599M
| $161K | ﹤0.01% |
18,893
+6,362
| +51% | +$59.5K |
|
4103
BGC Group
BGC
$5.45B
| $161K | ﹤0.01% |
30,752
+6
| +0% | +$27 |
|
4104
TTM Technologies
TTMI
$12B
| $159K | ﹤0.01% |
11,819
-11,447
| -49% | -$166K |
|
4105
Payoneer
PAYO
$2.42B
| $159K | ﹤0.01% |
25,340
+1,500
| +6% | +$8.92K |
|
|
DSKE
4106
DELISTED
Daseke, Inc. Common Stock
DSKE
| $159K | ﹤0.01% |
20,558
-12,500
| -38% | -$91.8K |
|
|
DENN
4107
DELISTED
Denny's
DENN
| $158K | ﹤0.01% |
14,177
-500
| -3% | -$5.82K |
|
|
EDD
4108
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$375M
| $157K | ﹤0.01% |
34,641
+451
| +1% | +$2.05K |
|
4109
VanEck Social Sentiment ETF
BUZZ
$90.5M
| $156K | ﹤0.01% |
10,486
-994
| -9% | -$14K |
|
4110
Coeur Mining
CDE
$15.4B
| $156K | ﹤0.01% |
39,167
-3,439
| -8% | -$11.9K |
|
4111
ProShares Decline of the Retail Store ETF
EMTY
$2.94M
| $156K | ﹤0.01% |
5,413
-14,382
| -73% | -$410K |
|
|
AGEN
4112
Agenus
AGEN
$312M
| $156K | ﹤0.01% |
5,213
+769
| +17% | +$32.5K |
|
|
OLO
4113
DELISTED
Olo Inc
OLO
| $155K | ﹤0.01% |
19,045
-6
| -0% | -$46 |
|
|
CELL
4114
DELISTED
PhenomeX Inc. Common Stock
CELL
| $155K | ﹤0.01% |
133,711
+3,325
| +3% | +$6.08K |
|
4115
Graham Corp
GHM
$1.12B
| $155K | ﹤0.01% |
11,850
| – | – |
|
4116
Sasol
SSL
$7.5B
| $153K | ﹤0.01% |
+11,199
| New | +$174K |
|
4117
Sunstone Hotel Investors
SHO
$2.19B
| $153K | ﹤0.01% |
15,454
-1,445
| -9% | -$14.7K |
|
|
JHAA
4118
DELISTED
Nuveen Corporate Income 2023 Target Term Fund
JHAA
| $153K | ﹤0.01% |
16,612
-4,951
| -23% | -$45.5K |
|
|
STKL
4119
DELISTED
SunOpta
STKL
| $153K | ﹤0.01% |
19,807
-2,228
| -10% | -$17.8K |
|
4120
Invesco High Income Trust II
VLT
$64.9M
| $152K | ﹤0.01% |
14,521
-1,199
| -8% | -$12.9K |
|
4121
Magnite
MGNI
$2.76B
| $151K | ﹤0.01% |
16,329
+1,806
| +12% | +$19.2K |
|
4122
Main BuyWrite ETF
BUYW
$1.28B
| $150K | ﹤0.01% |
11,363
+1,047
| +10% | +$13.7K |
|
|
CCIF
4123
Carlyle Credit Income Fund
CCIF
$59.4M
| $147K | ﹤0.01% |
15,019
-2,500
| -14% | -$24.3K |
|
|
AMLI
4124
DELISTED
American Lithium Corp. Common Stock
AMLI
| $146K | ﹤0.01% |
+63,320
| New | +$186K |
|
|
PTE
4125
DELISTED
PolarityTE, Inc. Common Stock
PTE
| $146K | ﹤0.01% |
289,889
+680
| +0.2% | +$496 |
|
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.