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 | |
|---|---|---|---|---|---|---|
1251
Suncor Energy
SU
$79.4B
| $7.61M | 0.01% |
245,000
+9,775
| +4% | +$318K |
|
1252
AGNC Investment
AGNC
$12.4B
| $7.59M | 0.01% |
753,321
+160,924
| +27% | +$1.75M |
|
1253
State Street SPDR S&P Kensho New Economies Composite ETF
KOMP
$2.6B
| $7.59M | 0.01% |
177,829
-17,670
| -9% | -$753K |
|
1254
Vanguard Russell 2000 Growth ETF
VTWG
$1.47B
| $7.58M | 0.01% |
45,941
+2,868
| +7% | +$477K |
|
1255
VanEck Short High Yield Muni ETF
SHYD
$451M
| $7.57M | 0.01% |
339,397
+53,149
| +19% | +$1.19M |
|
1256
iShares Cybersecurity and Tech ETF
IHAK
$1B
| $7.53M | 0.01% |
207,115
+6,859
| +3% | +$236K |
|
1257
Cambria Global Asset Allocation ETF
GAA
$72.1M
| $7.52M | 0.01% |
280,436
+21,045
| +8% | +$578K |
|
1258
Diodes
DIOD
$3.78B
| $7.51M | 0.01% |
81,001
+12,683
| +19% | +$1.14M |
|
|
PBSM
1259
DELISTED
Invesco PureBeta MSCI USA Small Cap ETF
PBSM
| $7.51M | 0.01% |
226,914
-162,686
| -42% | -$5.52M |
|
1260
Citizens Financial Group
CFG
$30.3B
| $7.47M | 0.01% |
246,077
+26,093
| +12% | +$1.02M |
|
1261
BlackRock Core Bond Trust
BHK
$643M
| $7.46M | 0.01% |
687,764
+39,367
| +6% | +$432K |
|
1262
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$274M
| $7.43M | 0.01% |
327,179
+2,515
| +0.8% | +$55.5K |
|
1263
Coinbase
COIN
$38.6B
| $7.43M | 0.01% |
109,995
-3,939
| -3% | -$236K |
|
1264
iShares US Regional Banks ETF
IAT
$674M
| $7.43M | 0.01% |
207,598
+46,617
| +29% | +$2.18M |
|
1265
Canadian National Railway
CNI
$76.9B
| $7.42M | 0.01% |
62,908
+4,360
| +7% | +$515K |
|
1266
Strategy Inc
MSTR
$34.1B
| $7.41M | 0.01% |
253,400
+3,230
| +1% | +$78.8K |
|
1267
Fidelity MSCI Financials Index ETF
FNCL
$2.38B
| $7.4M | 0.01% |
164,018
-16,524
| -9% | -$810K |
|
1268
Carnival Corporation Ltd
CCL
$38.1B
| $7.39M | 0.01% |
728,257
+14,814
| +2% | +$153K |
|
1269
IQ MacKay Municipal Insured ETF
MMIN
$463M
| $7.38M | 0.01% |
302,059
+18,479
| +7% | +$448K |
|
1270
Nuveen Municipal Value Fund
NUV
$1.92B
| $7.37M | 0.01% |
836,336
-29,475
| -3% | -$262K |
|
1271
American Century Quality Diversified International ETF
QINT
$665M
| $7.35M | 0.01% |
168,534
+23,264
| +16% | +$987K |
|
|
X
1272
DELISTED
US Steel
X
| $7.35M | 0.01% |
281,687
-32,018
| -10% | -$890K |
|
1273
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.83B
| $7.35M | 0.01% |
178,802
+3,340
| +2% | +$131K |
|
1274
FMC
FMC
$1.34B
| $7.33M | 0.01% |
59,985
+6,270
| +12% | +$789K |
|
1275
Pacer Industrial Real Estate ETF
INDS
$118M
| $7.3M | 0.01% |
180,226
-51,309
| -22% | -$2.04M |
|
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.