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 | |
|---|---|---|---|---|---|---|
476
Fidelity Total Bond ETF
FBND
$27.1B
| $40.3M | 0.03% |
875,555
+211,596
| +32% | +$9.7M |
|
477
Devon Energy
DVN
$50.7B
| $40.1M | 0.03% |
791,778
+36,475
| +5% | +$2.08M |
|
478
GE Aerospace
GE
$378B
| $39.6M | 0.03% |
518,849
-119,923
| -19% | -$8.02M |
|
479
ServiceNow
NOW
$123B
| $39.2M | 0.03% |
422,240
+45,685
| +12% | +$3.98M |
|
480
EOG Resources
EOG
$77.3B
| $39.1M | 0.03% |
341,219
+22,369
| +7% | +$2.71M |
|
481
VanEck Agribusiness ETF
MOO
$974M
| $39.1M | 0.03% |
449,665
-10,830
| -2% | -$956K |
|
482
American Century US Quality Growth ETF
QGRO
$1.97B
| $39M | 0.03% |
607,470
+116,593
| +24% | +$7.19M |
|
483
JPMorgan Equity Premium Income ETF
JEPI
$45.7B
| $38.9M | 0.03% |
713,226
+338,248
| +90% | +$18.4M |
|
484
Freeport-McMoran
FCX
$88.5B
| $38.9M | 0.03% |
950,207
-121,629
| -11% | -$5.06M |
|
485
State Street SPDR S&P 1500 Value Tilt ETF
VLU
$760M
| $38.7M | 0.03% |
272,580
+37,888
| +16% | +$5.44M |
|
486
National Grid
NGG
$79.9B
| $38.7M | 0.03% |
603,317
+68,926
| +13% | +$4.13M |
|
487
iShares US Consumer Staples ETF
IYK
$1.42B
| $38.6M | 0.03% |
581,925
-153,123
| -21% | -$10M |
|
488
iShares International Select Dividend ETF
IDV
$8.46B
| $38.6M | 0.03% |
1,405,646
+20,482
| +1% | +$577K |
|
489
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.27B
| $38.5M | 0.03% |
402,181
+39,893
| +11% | +$3.75M |
|
490
Vanguard Russell 2000 ETF
VTWO
$17.5B
| $38.5M | 0.03% |
534,206
+9,561
| +2% | +$711K |
|
491
TE Connectivity
TEL
$59.5B
| $38.5M | 0.03% |
293,529
+5,008
| +2% | +$634K |
|
492
Fidelity Nasdaq Composite Index ETF
ONEQ
$10.5B
| $38.3M | 0.03% |
798,887
-65,017
| -8% | -$2.93M |
|
493
JPMorgan Municipal ETF
JMUB
$8.42B
| $38.2M | 0.03% |
754,779
+305,846
| +68% | +$15.4M |
|
494
Dimensional US Marketwide Value ETF
DFUV
$15.5B
| $37.8M | 0.03% |
1,128,895
-19,132
| -2% | -$655K |
|
|
PXD
495
DELISTED
Pioneer Natural Resource Co.
PXD
| $37.8M | 0.03% |
185,046
+8,092
| +5% | +$1.74M |
|
496
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.05B
| $37.7M | 0.03% |
679,887
-251,533
| -27% | -$14.4M |
|
497
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.9B
| $37.6M | 0.03% |
993,088
+252,905
| +34% | +$9.54M |
|
498
LyondellBasell Industries
LYB
$19.7B
| $37.6M | 0.03% |
400,391
+100,156
| +33% | +$9.32M |
|
499
First Trust Industrials/Producer Durables AlphaDEX Fund
FXR
$747M
| $37.2M | 0.03% |
669,911
+221,452
| +49% | +$12.2M |
|
500
MetLife
MET
$62.1B
| $37M | 0.03% |
638,327
+19,060
| +3% | +$1.29M |
|
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.