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 | |
|---|---|---|---|---|---|---|
1226
Virtus InfraCap US Preferred Stock ETF
PFFA
$2.45B
| $8.05M | 0.01% |
416,479
+63,258
| +18% | +$1.27M |
|
1227
DraftKings
DKNG
$11.6B
| $8.01M | 0.01% |
413,642
+5,350
| +1% | +$89K |
|
1228
Fidelity High Yield Factor ETF
FDHY
$566M
| $8.01M | 0.01% |
169,604
+74,890
| +79% | +$3.5M |
|
1229
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$9.72B
| $7.96M | 0.01% |
305,667
+78,090
| +34% | +$2.03M |
|
|
CHY
1230
Calamos Convertible and High Income Fund
CHY
$1.01B
| $7.95M | 0.01% |
727,984
+254
| +0% | +$3.02K |
|
|
MRO
1231
DELISTED
Marathon Oil Corporation
MRO
| $7.94M | 0.01% |
331,303
-47,451
| -13% | -$1.21M |
|
1232
Check Point Software Technologies
CHKP
$13B
| $7.91M | 0.01% |
60,872
+1,801
| +3% | +$229K |
|
1233
Icahn Enterprises
IEP
$5.24B
| $7.88M | 0.01% |
152,342
+13,730
| +10% | +$726K |
|
1234
abrdn Physical Silver Shares ETF
SIVR
$4.02B
| $7.86M | 0.01% |
340,240
+53,191
| +19% | +$1.15M |
|
1235
Otis Worldwide
OTIS
$27.4B
| $7.85M | 0.01% |
93,057
-2,562
| -3% | -$212K |
|
1236
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
| $7.85M | 0.01% |
225,957
+11,723
| +5% | +$403K |
|
|
ACTV
1237
DELISTED
LeaderShares Activist Leaders ETF
ACTV
| $7.85M | 0.01% |
262,864
+48,803
| +23% | +$1.51M |
|
1238
The Mosaic Company
MOS
$7.03B
| $7.82M | 0.01% |
170,419
-1,373
| -0.8% | -$66.5K |
|
1239
VanEck Biotech ETF
BBH
$400M
| $7.81M | 0.01% |
48,159
-1,284
| -3% | -$208K |
|
1240
State Street
STT
$50.6B
| $7.78M | 0.01% |
102,830
+15,413
| +18% | +$1.3M |
|
|
QQQH
1241
NEOS Nasdaq-100 Hedged Equity Income ETF
QQQH
$375M
| $7.78M | 0.01% |
198,034
-18,229
| -8% | -$697K |
|
1242
Deckers Outdoor
DECK
$13.2B
| $7.75M | 0.01% |
103,410
+2,598
| +3% | +$182K |
|
1243
Zoom
ZM
$28.2B
| $7.74M | 0.01% |
104,781
+6,847
| +7% | +$493K |
|
1244
Baxter International
BAX
$13.5B
| $7.72M | 0.01% |
190,389
-5,743
| -3% | -$243K |
|
1245
Amplify Etho Climate Leadership US ETF
ETHO
$186M
| $7.7M | 0.01% |
147,635
+8,585
| +6% | +$449K |
|
1246
Main Sector Rotation ETF
SECT
$2.75B
| $7.69M | 0.01% |
189,378
+26,463
| +16% | +$1.07M |
|
1247
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.44B
| $7.68M | 0.01% |
320,968
-55,691
| -15% | -$1.27M |
|
1248
Old Republic International
ORI
$10.5B
| $7.65M | 0.01% |
306,287
+89
| +0% | +$2.24K |
|
1249
VanEck Natural Resources ETF
HAP
$302M
| $7.62M | 0.01% |
154,512
-315
| -0.2% | -$15.7K |
|
1250
iShares MSCI Brazil ETF
EWZ
$9.28B
| $7.61M | 0.01% |
278,031
+138,481
| +99% | +$3.88M |
|
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.