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 | |
|---|---|---|---|---|---|---|
651
Uber
UBER
$143B
| $25.9M | 0.02% |
815,947
-28,490
| -3% | -$904K |
|
652
Dollar General
DG
$28B
| $25.9M | 0.02% |
122,860
-23,297
| -16% | -$5.23M |
|
653
iShares Global Clean Energy ETF
ICLN
$2.31B
| $25.7M | 0.02% |
1,300,297
-46,654
| -3% | -$924K |
|
654
McKesson
MCK
$100B
| $25.7M | 0.02% |
72,139
-5,150
| -7% | -$1.86M |
|
655
Global X Russell 2000 Covered Call ETF
RYLD
$1.37B
| $25.6M | 0.02% |
1,423,062
-239,837
| -14% | -$4.52M |
|
656
First Trust Ultra Short Duration Municipal ETF
FUMB
$246M
| $25.5M | 0.02% |
1,276,710
+31,283
| +3% | +$624K |
|
657
Schwab Fundamental International Large Company Index ETF
FNDF
$24.9B
| $25.3M | 0.02% |
810,412
+265,113
| +49% | +$8.2M |
|
658
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.71B
| $25.3M | 0.02% |
298,296
-7,512
| -2% | -$647K |
|
659
ProShares Large Cap Core Plus
CSM
$518M
| $25.2M | 0.02% |
527,886
-9,481
| -2% | -$448K |
|
660
JPMorgan International Growth ETF
JIG
$471M
| $25M | 0.02% |
429,775
+192,589
| +81% | +$10.8M |
|
661
VanEck Oil Services ETF
OIH
$2.06B
| $25M | 0.02% |
90,067
-2,980
| -3% | -$912K |
|
662
Invesco S&P 500 Momentum ETF
SPMO
$20.8B
| $24.9M | 0.02% |
456,590
+64,230
| +16% | +$3.52M |
|
663
iShares Morningstar Value ETF
ILCV
$1.32B
| $24.9M | 0.02% |
389,613
+9,950
| +3% | +$640K |
|
664
HCA Healthcare
HCA
$87.2B
| $24.7M | 0.02% |
93,706
+6,372
| +7% | +$1.62M |
|
665
Global X Cybersecurity ETF
BUG
$1.28B
| $24.6M | 0.02% |
1,050,808
+262,087
| +33% | +$5.82M |
|
666
iShares Expanded Tech-Software Sector ETF
IGV
$12.7B
| $24.6M | 0.02% |
403,900
-2,870
| -0.7% | -$161K |
|
667
iShares iBonds Dec 2026 Term Corporate ETF
IBDR
$3.44B
| $24.6M | 0.02% |
1,037,057
+139,682
| +16% | +$3.29M |
|
668
Flex
FLEX
$41.7B
| $24.6M | 0.02% |
1,419,100
+410,626
| +41% | +$7.1M |
|
669
US Global Jets ETF
JETS
$776M
| $24.6M | 0.02% |
1,318,396
+289,168
| +28% | +$5.59M |
|
670
Humana
HUM
$43.7B
| $24.6M | 0.02% |
50,591
-6,493
| -11% | -$3.21M |
|
671
Entergy
ETR
$50.2B
| $24.5M | 0.02% |
455,182
+347,908
| +324% | +$18.5M |
|
672
Fidelity MSCI Information Technology Index ETF
FTEC
$19.8B
| $24.3M | 0.02% |
213,549
-10,207
| -5% | -$1.07M |
|
673
McCormick & Company Non-Voting
MKC
$13.7B
| $24.3M | 0.02% |
292,148
+23,261
| +9% | +$1.77M |
|
674
Invesco Senior Loan ETF
BKLN
$6.97B
| $24.3M | 0.02% |
1,168,306
-103,650
| -8% | -$2.17M |
|
675
State Street SPDR Russell 1000 Low Volatility Focus ETF
ONEV
$303M
| $24.3M | 0.02% |
230,002
+32,878
| +17% | +$3.49M |
|
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.