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 | |
|---|---|---|---|---|---|---|
701
Rio Tinto
RIO
$158B
| $22.9M | 0.02% |
333,957
+40,579
| +14% | +$2.94M |
|
|
HOLX
702
DELISTED
Hologic
HOLX
| $22.9M | 0.02% |
283,812
+23,532
| +9% | +$1.89M |
|
703
First Trust Dorsey Wright Dynamic Focus 5 ETF
FVC
$104M
| $22.9M | 0.02% |
694,000
+3,693
| +0.5% | +$128K |
|
704
iShares Morningstar Mid-Cap ETF
IMCB
$1.65B
| $22.8M | 0.02% |
376,722
-16,632
| -4% | -$1.02M |
|
705
VanEck Inflation Allocation ETF
RAAX
$1.12B
| $22.8M | 0.02% |
902,619
+132,652
| +17% | +$3.35M |
|
706
Alcon
ALC
$33.6B
| $22.8M | 0.02% |
323,048
+18,192
| +6% | +$1.29M |
|
707
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.26B
| $22.8M | 0.02% |
393,908
+12,668
| +3% | +$741K |
|
708
Iron Mountain
IRM
$36.4B
| $22.8M | 0.02% |
430,637
-1,535
| -0.4% | -$80.4K |
|
709
Fidelity MSCI Health Care Index ETF
FHLC
$3.28B
| $22.7M | 0.02% |
369,645
-11,681
| -3% | -$725K |
|
710
Tractor Supply
TSCO
$16.1B
| $22.7M | 0.02% |
482,335
-47,520
| -9% | -$2.16M |
|
711
Schwab US Broad Market ETF
SCHB
$43.2B
| $22.7M | 0.02% |
1,421,307
-317,499
| -18% | -$4.96M |
|
|
IBTE
712
DELISTED
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
| $22.4M | 0.02% |
933,006
+432,709
| +86% | +$10.3M |
|
713
Estee Lauder
EL
$30.4B
| $22.4M | 0.02% |
90,800
+2,162
| +2% | +$549K |
|
714
Edwards Lifesciences
EW
$49.6B
| $22.3M | 0.02% |
269,837
+7,951
| +3% | +$625K |
|
715
CME Group
CME
$96.3B
| $22M | 0.02% |
114,923
+15,239
| +15% | +$2.76M |
|
716
Invesco S&P 500 Equal Weight Health Care ETF
RSPH
$764M
| $21.9M | 0.02% |
750,050
-95,320
| -11% | -$2.77M |
|
717
AGF US Market Neutral Anti-Beta Fund
BTAL
$304M
| $21.8M | 0.02% |
1,069,564
+486,367
| +83% | +$9.78M |
|
718
VanEck High Yield Muni ETF
HYD
$4.43B
| $21.8M | 0.02% |
421,270
+38,667
| +10% | +$2M |
|
719
WisdomTree International High Dividend Fund
DTH
$653M
| $21.8M | 0.02% |
578,425
+41,798
| +8% | +$1.58M |
|
720
iShares US Energy ETF
IYE
$1.74B
| $21.5M | 0.02% |
491,713
-749,355
| -60% | -$33.9M |
|
|
MMP
721
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $21.4M | 0.02% |
394,422
+22,312
| +6% | +$1.18M |
|
722
Pacer Trendpilot US Bond ETF
PTBD
$85.5M
| $21.3M | 0.02% |
1,059,967
-375,299
| -26% | -$7.69M |
|
723
Johnson Controls International
JCI
$88.8B
| $21.3M | 0.02% |
353,958
+31,348
| +10% | +$2.01M |
|
724
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$748M
| $21.2M | 0.02% |
504,144
-10,822
| -2% | -$450K |
|
725
Dimensional US Small Cap ETF
DFAS
$15.4B
| $21.1M | 0.02% |
400,314
-9,919
| -2% | -$537K |
|
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.