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 | |
|---|---|---|---|---|---|---|
501
Invesco S&P 500 Pure Growth ETF
RPG
$2.01B
| $36.9M | 0.03% |
1,219,155
-61,280
| -5% | -$1.87M |
|
502
TJX Companies
TJX
$174B
| $36.8M | 0.03% |
469,498
+44,266
| +10% | +$3.48M |
|
503
Invesco Russell 2000 Dynamic Multifactor ETF
OMFS
$281M
| $36.7M | 0.03% |
1,045,013
+204,905
| +24% | +$7.41M |
|
504
Invesco S&P MidCap Low Volatility ETF
XMLV
$750M
| $36.6M | 0.03% |
698,540
-48,714
| -7% | -$2.64M |
|
505
BP
BP
$116B
| $36.6M | 0.03% |
964,399
+16,439
| +2% | +$614K |
|
506
Avantis International Equity ETF
AVDE
$18.1B
| $36.3M | 0.03% |
636,655
+77,791
| +14% | +$4.38M |
|
507
CrowdStrike
CRWD
$194B
| $36.2M | 0.03% |
1,056,244
+156,204
| +17% | +$4.52M |
|
508
Citigroup
C
$222B
| $36.2M | 0.03% |
772,181
+83,021
| +12% | +$4.07M |
|
509
Xcel Energy
XEL
$48.8B
| $36M | 0.03% |
533,499
+41,038
| +8% | +$2.77M |
|
510
Prudential Financial
PRU
$42.4B
| $35.8M | 0.03% |
433,133
+11,760
| +3% | +$1.12M |
|
511
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.37B
| $35.6M | 0.03% |
383,911
+60,819
| +19% | +$5.62M |
|
512
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$248M
| $35.6M | 0.03% |
1,043,795
+9,345
| +0.9% | +$314K |
|
|
SCHW
513
Charles Schwab
SCHW
$183B
| $35.5M | 0.03% |
677,685
+243,534
| +56% | +$17.8M |
|
514
Invesco Large Cap Growth ETF
PWB
$2.29B
| $35.4M | 0.03% |
545,401
-471
| -0.1% | -$29.5K |
|
515
Nuveen ESG Large-Cap Growth ETF
NULG
$2.67B
| $35.4M | 0.03% |
635,441
+27,576
| +5% | +$1.46M |
|
516
Vanguard Consumer Discretionary ETF
VCR
$6.15B
| $35.4M | 0.03% |
140,174
-44,275
| -24% | -$10.8M |
|
517
First Trust Dow Jones Global Select Dividend Index Fund
FGD
$1.54B
| $35.3M | 0.03% |
1,594,466
+338,795
| +27% | +$7.74M |
|
518
Franklin International Core Dividend Tilt Index ETF
DIVI
$2.7B
| $35.2M | 0.03% |
1,226,007
+760,945
| +164% | +$21.5M |
|
|
ATVI
519
DELISTED
Activision Blizzard
ATVI
| $35.2M | 0.03% |
411,754
+17,501
| +4% | +$1.36M |
|
520
Nuveen ESG Large-Cap Value ETF
NULV
$2.19B
| $35.2M | 0.03% |
1,034,069
+97,947
| +10% | +$3.38M |
|
|
IBDP
521
DELISTED
iShares iBonds Dec 2024 Term Corporate ETF
IBDP
| $34.9M | 0.03% |
1,419,213
+113,970
| +9% | +$2.8M |
|
522
First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF
FTRI
$123M
| $34.9M | 0.03% |
2,630,386
+101,040
| +4% | +$1.4M |
|
523
Broadridge
BR
$17.8B
| $34.8M | 0.03% |
237,474
+8,906
| +4% | +$1.27M |
|
|
IBDQ
524
DELISTED
iShares iBonds Dec 2025 Term Corporate ETF
IBDQ
| $34.7M | 0.03% |
1,415,210
-123,519
| -8% | -$3.02M |
|
525
Simon Property Group
SPG
$74.4B
| $34.7M | 0.03% |
309,896
+24,857
| +9% | +$2.97M |
|
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.