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 | |
|---|---|---|---|---|---|---|
1351
Lumentum
LITE
$55.5B
| $6.5M | 0.01% |
120,371
-58,835
| -33% | -$3.28M |
|
1352
Twilio
TWLO
$30B
| $6.5M | 0.01% |
97,550
+11,745
| +14% | +$724K |
|
1353
Huntington Ingalls Industries
HII
$12.9B
| $6.49M | 0.01% |
31,355
+6,306
| +25% | +$1.36M |
|
1354
Academy Sports + Outdoors
ASO
$2.94B
| $6.48M | 0.01% |
99,349
-7,616
| -7% | -$449K |
|
1355
Jackson Financial
JXN
$8.53B
| $6.47M | 0.01% |
173,031
+60,929
| +54% | +$2.5M |
|
1356
Bank of Hawaii
BOH
$3.15B
| $6.45M | 0.01% |
123,867
-12,570
| -9% | -$883K |
|
1357
AAM S&P 500 High Dividend Value ETF
SPDV
$101M
| $6.44M | 0.01% |
228,490
-28,448
| -11% | -$832K |
|
1358
Inspire 100 ETF
BIBL
$485M
| $6.44M | 0.01% |
204,848
+3,036
| +2% | +$95.2K |
|
1359
Starwood Property Trust
STWD
$5.92B
| $6.43M | 0.01% |
363,292
+18,420
| +5% | +$356K |
|
1360
Roblox
RBLX
$25.4B
| $6.4M | 0.01% |
142,391
-11,369
| -7% | -$434K |
|
1361
Pacer Lunt Large Cap Multi-Factor Alternator ETF
PALC
$210M
| $6.39M | 0.01% |
184,509
+14,023
| +8% | +$479K |
|
1362
Wheaton Precious Metals
WPM
$49.5B
| $6.39M | 0.01% |
132,623
+42,984
| +48% | +$1.88M |
|
1363
Nasdaq
NDAQ
$52.7B
| $6.38M | 0.01% |
116,760
+949
| +0.8% | +$54.8K |
|
|
TPHE
1364
DELISTED
Timothy Plan High Dividend Stock Enhanced ETF
TPHE
| $6.38M | 0.01% |
270,806
+89,323
| +49% | +$2.12M |
|
1365
Invesco Global Listed Private Equity ETF
PSP
$232M
| $6.36M | ﹤0.01% |
125,791
+89,908
| +251% | +$4.67M |
|
1366
Agnico Eagle Mines
AEM
$73.6B
| $6.35M | ﹤0.01% |
124,565
+18,706
| +18% | +$961K |
|
1367
First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF
FID
$168M
| $6.35M | ﹤0.01% |
404,363
+138,333
| +52% | +$2.19M |
|
1368
ClearBridge Large Cap Growth Select ETF
LRGE
$374M
| $6.35M | ﹤0.01% |
133,120
-735
| -0.5% | -$32.8K |
|
1369
Invesco BulletShares 2028 Corporate Bond ETF
BSCS
$3.56B
| $6.33M | ﹤0.01% |
315,597
+46,305
| +17% | +$921K |
|
1370
Invesco Energy Exploration & Production ETF
PXE
$89.6M
| $6.33M | ﹤0.01% |
234,509
-430,253
| -65% | -$12.3M |
|
1371
Hartford Financial Services
HIG
$38.9B
| $6.33M | ﹤0.01% |
90,785
+3,333
| +4% | +$248K |
|
1372
Fidelity MSCI Real Estate Index ETF
FREL
$1.5B
| $6.32M | ﹤0.01% |
253,824
+22,198
| +10% | +$573K |
|
1373
iShares MSCI Germany ETF
EWG
$1.59B
| $6.31M | ﹤0.01% |
221,589
+227
| +0.1% | +$6.26K |
|
1374
Sunoco
SUN
$14.4B
| $6.3M | ﹤0.01% |
143,552
+15,255
| +12% | +$688K |
|
1375
iShares Morningstar Small-Cap Growth ETF
ISCG
$970M
| $6.28M | ﹤0.01% |
161,206
-3,556
| -2% | -$138K |
|
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.