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 | |
|---|---|---|---|---|---|---|
901
iShares MSCI Taiwan ETF
EWT
$9.86B
| $14.6M | 0.01% |
321,118
-136,398
| -30% | -$6.03M |
|
902
Ball Corp
BALL
$17.3B
| $14.5M | 0.01% |
262,881
+45,951
| +21% | +$2.56M |
|
903
American Century Diversified Municipal Bond ETF
TAXF
$683M
| $14.5M | 0.01% |
287,103
+6,283
| +2% | +$314K |
|
904
Warner Bros
WBD
$65.9B
| $14.4M | 0.01% |
955,026
+6,755
| +0.7% | +$96.1K |
|
905
Edison International
EIX
$28.2B
| $14.4M | 0.01% |
203,946
+42,330
| +26% | +$2.86M |
|
906
Franklin International Low Volatility High Dividend Index ETF
LVHI
$5.35B
| $14.4M | 0.01% |
533,237
+204,604
| +62% | +$5.46M |
|
907
Tetra Tech
TTEK
$8.49B
| $14.3M | 0.01% |
487,725
+13,785
| +3% | +$398K |
|
908
Equinix
EQIX
$101B
| $14.3M | 0.01% |
19,770
-257
| -1% | -$181K |
|
909
Ciena
CIEN
$53.4B
| $14.2M | 0.01% |
270,928
+54,061
| +25% | +$2.7M |
|
910
Hartford Municipal Opportunities ETF
HMOP
$777M
| $14.2M | 0.01% |
371,014
-19,180
| -5% | -$731K |
|
911
International Paper
IP
$21.6B
| $14.2M | 0.01% |
392,889
+10,591
| +3% | +$392K |
|
912
First Trust Nasdaq Artificial Intelligence and Robotics ETF
ROBT
$721M
| $14.1M | 0.01% |
331,916
+73,080
| +28% | +$2.95M |
|
913
State Street SPDR S&P International Dividend ETF
DWX
$529M
| $14.1M | 0.01% |
412,455
+122,569
| +42% | +$4.16M |
|
|
DFS
914
DELISTED
Discover Financial Services
DFS
| $14M | 0.01% |
142,083
+3,966
| +3% | +$425K |
|
915
Bio-Rad Laboratories Class A
BIO
$8.71B
| $14M | 0.01% |
29,251
+1,328
| +5% | +$622K |
|
916
Invesco DB Commodity Index Tracking Fund
DBC
$1.69B
| $14M | 0.01% |
588,504
+1,452
| +0.2% | +$34.8K |
|
917
Skyworks Solutions
SWKS
$9.37B
| $14M | 0.01% |
118,270
+28,751
| +32% | +$3.19M |
|
918
FlexShares Global Upstream Natural Resources Index Fund
GUNR
$7.2B
| $13.9M | 0.01% |
328,099
+38,017
| +13% | +$1.66M |
|
919
Xylem
XYL
$27.3B
| $13.8M | 0.01% |
132,233
+28,121
| +27% | +$2.94M |
|
920
iMGP DBi Managed Futures Strategy ETF
DBMF
$3.98B
| $13.8M | 0.01% |
526,052
-43,787
| -8% | -$1.22M |
|
921
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
| $13.8M | 0.01% |
573,848
+66,216
| +13% | +$1.58M |
|
922
Invesco KBW Property & Casualty Insurance ETF
KBWP
$267M
| $13.8M | 0.01% |
165,541
+36,957
| +29% | +$3.22M |
|
923
FlexShares Quality Dividend Index Fund
QDF
$2.22B
| $13.8M | 0.01% |
252,961
+3,249
| +1% | +$176K |
|
924
Zimmer Biomet
ZBH
$18.2B
| $13.8M | 0.01% |
106,507
+7,584
| +8% | +$952K |
|
925
Carrier Global
CARR
$51B
| $13.7M | 0.01% |
299,973
+17,427
| +6% | +$780K |
|
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.