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 | |
|---|---|---|---|---|---|---|
1076
BlackRock Floating Rate Income Strategies Fund
FRA
$383M
| $10.1M | 0.01% |
862,372
+30,642
| +4% | +$359K |
|
1077
Invesco WilderHill Clean Energy ETF
PBW
$407M
| $10.1M | 0.01% |
248,967
-24,573
| -9% | -$1.03M |
|
1078
Liberty All-Star Equity Fund
USA
$1.79B
| $10.1M | 0.01% |
1,622,517
+85,727
| +6% | +$527K |
|
1079
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
| $10M | 0.01% |
428,338
+26,814
| +7% | +$624K |
|
1080
M&T Bank
MTB
$35.7B
| $10M | 0.01% |
84,017
+8,233
| +11% | +$1.2M |
|
1081
Dimensional Core Fixed Income ETF
DFCF
$10.8B
| $10M | 0.01% |
236,274
+56,740
| +32% | +$2.4M |
|
1082
Apollo Global Management
APO
$72.4B
| $10M | 0.01% |
158,678
+3,708
| +2% | +$248K |
|
1083
DXC Technology
DXC
$1.82B
| $10M | 0.01% |
392,015
+32,230
| +9% | +$878K |
|
1084
Invesco S&P MidCap 400 GARP ETF
GRPM
$486M
| $10M | 0.01% |
115,056
+16,346
| +17% | +$1.45M |
|
1085
Church & Dwight Co
CHD
$23.4B
| $9.99M | 0.01% |
112,984
+19,768
| +21% | +$1.65M |
|
1086
American International
AIG
$41.7B
| $9.98M | 0.01% |
198,122
-7,271
| -4% | -$425K |
|
1087
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
$1.81B
| $9.93M | 0.01% |
335,469
+133,675
| +66% | +$3.86M |
|
1088
VanEck Rare Earth/Strategic Metals ETF
REMX
$1.95B
| $9.91M | 0.01% |
121,529
-3,488
| -3% | -$297K |
|
|
FPF
1089
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.07B
| $9.91M | 0.01% |
628,258
-1,051
| -0.2% | -$18.4K |
|
1090
Invesco S&P 500 Downside Hedged ETF
PHDG
$73.7M
| $9.91M | 0.01% |
301,518
-20,911
| -6% | -$685K |
|
1091
NNN REIT
NNN
$9.04B
| $9.88M | 0.01% |
223,846
-795
| -0.4% | -$36.2K |
|
1092
AB InBev
BUD
$170B
| $9.88M | 0.01% |
148,075
-8,741
| -6% | -$528K |
|
1093
Akamai
AKAM
$16.7B
| $9.88M | 0.01% |
126,174
-14,758
| -10% | -$1.19M |
|
|
BSJO
1094
DELISTED
Invesco BulletShares 2024 High Yield Corporate Bond ETF
BSJO
| $9.88M | 0.01% |
439,963
+34,208
| +8% | +$766K |
|
1095
Ameriprise Financial
AMP
$48.3B
| $9.81M | 0.01% |
32,014
+7,536
| +31% | +$2.47M |
|
1096
CarMax
KMX
$8.13B
| $9.81M | 0.01% |
152,538
+25,667
| +20% | +$1.72M |
|
1097
Palantir
PLTR
$295B
| $9.8M | 0.01% |
1,159,778
+171,854
| +17% | +$1.34M |
|
1098
Halliburton
HAL
$26.9B
| $9.79M | 0.01% |
309,477
-28,604
| -8% | -$1.06M |
|
1099
ALPS O'Shares US Small-Cap Quality Dividend ETF
OUSM
$886M
| $9.79M | 0.01% |
277,221
+5,818
| +2% | +$206K |
|
1100
Take-Two Interactive
TTWO
$45.4B
| $9.79M | 0.01% |
82,062
+5,087
| +7% | +$567K |
|
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.