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 | |
|---|---|---|---|---|---|---|
1326
Nuveen ESG High Yield Corporate Bond ETF
NUHY
$111M
| $6.76M | 0.01% |
325,805
+28,199
| +9% | +$580K |
|
1327
Reliance Steel & Aluminium
RS
$20.7B
| $6.74M | 0.01% |
26,261
+3,352
| +15% | +$790K |
|
|
WCLD
1328
WisdomTree Cloud Computing Fund
WCLD
$271M
| $6.73M | 0.01% |
226,653
-29,795
| -12% | -$834K |
|
1329
VanEck Morningstar International Moat ETF
MOTI
$74.2M
| $6.73M | 0.01% |
210,395
+180,855
| +612% | +$5.69M |
|
1330
Lamb Weston
LW
$7.22B
| $6.7M | 0.01% |
64,090
-6,422
| -9% | -$635K |
|
1331
United Airlines
UAL
$39.4B
| $6.68M | 0.01% |
151,013
-28,280
| -16% | -$1.36M |
|
1332
Fidelity MSCI Energy Index ETF
FENY
$2.01B
| $6.67M | 0.01% |
297,432
+34,830
| +13% | +$811K |
|
1333
Best Buy
BBY
$18.2B
| $6.67M | 0.01% |
85,207
+3,165
| +4% | +$261K |
|
1334
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $6.67M | 0.01% |
179,836
-64,557
| -26% | -$2.9M |
|
1335
Prospect Capital
PSEC
$1.07B
| $6.65M | 0.01% |
955,631
+129,997
| +16% | +$944K |
|
1336
Invesco BulletShares 2026 Municipal Bond ETF
BSMQ
$271M
| $6.64M | 0.01% |
279,275
+34,780
| +14% | +$824K |
|
1337
VanEck Short Muni ETF
SMB
$312M
| $6.63M | 0.01% |
390,189
-226,078
| -37% | -$3.82M |
|
|
POWR
1338
iShares U.S. Power Infrastructure ETF
POWR
$441M
| $6.63M | 0.01% |
284,248
-23,705
| -8% | -$565K |
|
1339
Invesco Building & Construction ETF
PKB
$430M
| $6.63M | 0.01% |
144,406
+75,631
| +110% | +$3.36M |
|
1340
APA Corp
APA
$13.2B
| $6.62M | 0.01% |
183,631
-166,516
| -48% | -$6.68M |
|
1341
iShares Residential and Multisector Real Estate ETF
REZ
$879M
| $6.62M | 0.01% |
93,713
-2,521
| -3% | -$182K |
|
1342
Baidu
BIDU
$37.7B
| $6.6M | 0.01% |
43,752
-908
| -2% | -$129K |
|
1343
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.1B
| $6.6M | 0.01% |
291,999
-8,283
| -3% | -$193K |
|
1344
Las Vegas Sands
LVS
$31.7B
| $6.58M | 0.01% |
114,575
+8,775
| +8% | +$491K |
|
1345
Franklin Senior Loan ETF
FLBL
$853M
| $6.57M | 0.01% |
275,633
+101,040
| +58% | +$2.39M |
|
1346
Invesco KBW High Dividend Yield Financial ETF
KBWD
$408M
| $6.55M | 0.01% |
443,998
+8,641
| +2% | +$137K |
|
1347
CenterPoint Energy
CNP
$27.7B
| $6.53M | 0.01% |
221,814
+19,921
| +10% | +$582K |
|
1348
Sony
SONY
$137B
| $6.51M | 0.01% |
358,905
+27,795
| +8% | +$482K |
|
1349
Cohen & Steers Closed End Opportunity Fund
FOF
$377M
| $6.51M | 0.01% |
593,630
+54,669
| +10% | +$614K |
|
1350
Campbell Soup
CPB
$6.55B
| $6.51M | 0.01% |
118,335
+48,754
| +70% | +$2.59M |
|
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.