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 | |
|---|---|---|---|---|---|---|
576
United Rentals
URI
$67.2B
| $30.8M | 0.02% |
77,749
-4,486
| -5% | -$1.88M |
|
577
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$578M
| $30.7M | 0.02% |
516,619
-8,756
| -2% | -$521K |
|
578
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.4B
| $30.6M | 0.02% |
514,461
+14,794
| +3% | +$878K |
|
579
Cheniere Energy
LNG
$55.2B
| $30.6M | 0.02% |
193,918
-1,954
| -1% | -$295K |
|
580
iShares Core Moderate Allocation ETF
AOM
$1.75B
| $30.5M | 0.02% |
765,488
-33,572
| -4% | -$1.32M |
|
581
iShares MSCI Australia ETF
EWA
$1.39B
| $30.4M | 0.02% |
1,326,674
+53,854
| +4% | +$1.26M |
|
582
iShares ESG Optimized MSCI USA ETF
SUSA
$4.01B
| $30.4M | 0.02% |
346,589
-19,357
| -5% | -$1.66M |
|
583
Invesco Solar ETF
TAN
$1.42B
| $30.4M | 0.02% |
391,629
+75,452
| +24% | +$5.78M |
|
|
PARA
584
DELISTED
Paramount Global Class B
PARA
| $30.3M | 0.02% |
1,355,971
+91,373
| +7% | +$1.96M |
|
585
Vanguard Industrials ETF
VIS
$8.1B
| $30.2M | 0.02% |
158,768
-4,025
| -2% | -$764K |
|
586
Cencora
COR
$60.6B
| $30.2M | 0.02% |
188,882
+4,762
| +3% | +$755K |
|
587
Invesco S&P MidCap 400 Revenue ETF
RWK
$1.31B
| $30.2M | 0.02% |
333,533
-30,137
| -8% | -$2.78M |
|
588
iShares Global REIT ETF
REET
$5.09B
| $30.2M | 0.02% |
1,316,801
-523
| -0% | -$12.3K |
|
589
Dimensional International Core Equity 2 ETF
DFIC
$14.8B
| $30.1M | 0.02% |
1,249,608
+293,321
| +31% | +$6.97M |
|
590
TC Energy
TRP
$70.2B
| $30M | 0.02% |
771,271
+208,327
| +37% | +$8.48M |
|
591
iShares US Industrials ETF
IYJ
$1.98B
| $29.9M | 0.02% |
298,596
+157
| +0.1% | +$15.7K |
|
592
First Trust Consumer Staples AlphaDEX Fund
FXG
$229M
| $29.9M | 0.02% |
481,369
+53,878
| +13% | +$3.34M |
|
593
Invesco S&P Ultra Dividend Revenue ETF
RDIV
$1.38B
| $29.7M | 0.02% |
722,043
+53,896
| +8% | +$2.37M |
|
594
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.78B
| $29.7M | 0.02% |
191,497
+333
| +0.2% | +$52.3K |
|
595
Sysco
SYY
$40.8B
| $29.6M | 0.02% |
383,152
+59,069
| +18% | +$4.53M |
|
596
iShares ESG Aware MSCI EAFE ETF
ESGD
$12B
| $29.6M | 0.02% |
411,399
+51,778
| +14% | +$3.63M |
|
597
WisdomTree US LargeCap Fund
EPS
$1.59B
| $29.5M | 0.02% |
673,985
+184,381
| +38% | +$7.96M |
|
598
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
| $29.4M | 0.02% |
230,591
-46,371
| -17% | -$6.16M |
|
599
Sanofi
SNY
$103B
| $29.3M | 0.02% |
539,226
+348,533
| +183% | +$17M |
|
600
Cambria Shareholder Yield ETF
SYLD
$987M
| $29.2M | 0.02% |
497,520
+88,100
| +22% | +$5.45M |
|
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.