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 | |
|---|---|---|---|---|---|---|
|
GSWO
626
Goldman Sachs ActiveBeta World Equity ETF
GSWO
$1.72B
| $27.6M | 0.02% |
+694,589
| New | +$27.1M |
|
627
Novartis
NVS
$297B
| $27.5M | 0.02% |
299,347
-22,026
| -7% | -$1.92M |
|
|
MRSH
628
Marsh
MRSH
$90.5B
| $27.5M | 0.02% |
165,288
+22,822
| +16% | +$3.8M |
|
629
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.11B
| $27.5M | 0.02% |
583,308
+27,096
| +5% | +$1.27M |
|
630
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
$2.75B
| $27.4M | 0.02% |
824,229
-365,649
| -31% | -$11.8M |
|
631
iShares Core International Aggregate Bond Fund
IAGG
$10.9B
| $27.4M | 0.02% |
559,650
+63,711
| +13% | +$3.09M |
|
632
Global X US Preferred ETF
PFFD
$2.15B
| $27.3M | 0.02% |
1,376,887
+151,538
| +12% | +$3.12M |
|
633
Dimensional International Value ETF
DFIV
$21.3B
| $27.3M | 0.02% |
847,509
+185,939
| +28% | +$6M |
|
634
WEC Energy
WEC
$35.7B
| $27.1M | 0.02% |
286,048
+32,756
| +13% | +$3.03M |
|
|
GRID
635
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$11.5B
| $27M | 0.02% |
276,227
+17,410
| +7% | +$1.64M |
|
636
First Trust Short Duration Managed Municipal ETF
FSMB
$619M
| $27M | 0.02% |
1,356,360
+204,205
| +18% | +$4.05M |
|
637
Conagra Brands
CAG
$6.94B
| $26.9M | 0.02% |
716,385
+63,900
| +10% | +$2.37M |
|
638
iShares US Financials ETF
IYF
$4.67B
| $26.8M | 0.02% |
377,139
-5,857
| -2% | -$450K |
|
639
Sherwin-Williams
SHW
$82.7B
| $26.7M | 0.02% |
118,682
+1,559
| +1% | +$357K |
|
640
MSCI
MSCI
$41.6B
| $26.5M | 0.02% |
47,275
+1,652
| +4% | +$874K |
|
641
Invesco Zacks Mid-Cap ETF
CZA
$190M
| $26.4M | 0.02% |
302,565
+35,663
| +13% | +$3.22M |
|
642
iShares International Dividend Growth ETF
IGRO
$1.3B
| $26.4M | 0.02% |
434,986
+61,636
| +17% | +$3.71M |
|
643
T. Rowe Price
TROW
$23.9B
| $26.3M | 0.02% |
233,364
+23,358
| +11% | +$2.67M |
|
644
First Trust Utilities AlphaDEX Fund
FXU
$814M
| $26.3M | 0.02% |
801,580
-63,135
| -7% | -$2.06M |
|
645
iShares Future Exponential Technologies ETF
XT
$3.82B
| $26.2M | 0.02% |
497,954
+4,834
| +1% | +$248K |
|
646
O'Reilly Automotive
ORLY
$72.9B
| $26.1M | 0.02% |
461,835
+12,855
| +3% | +$704K |
|
647
Amcor
AMCR
$20.8B
| $26.1M | 0.02% |
458,651
+126,491
| +38% | +$7.24M |
|
648
JPMorgan Active Value ETF
JAVA
$6.83B
| $26M | 0.02% |
504,403
+12,719
| +3% | +$664K |
|
649
Corning
GLW
$119B
| $25.9M | 0.02% |
735,366
+230,318
| +46% | +$8.01M |
|
650
iShares MSCI Japan ETF
EWJ
$21.9B
| $25.9M | 0.02% |
441,784
+252,886
| +134% | +$14.4M |
|
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.