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 | |
|---|---|---|---|---|---|---|
1401
Invesco Dorsey Wright Utilities Momentum ETF
PUI
$54.7M
| $5.96M | ﹤0.01% |
179,396
+9,911
| +6% | +$329K |
|
1402
Arbor Realty Trust
ABR
$964M
| $5.95M | ﹤0.01% |
517,933
+89,095
| +21% | +$1.24M |
|
1403
Charter Communications
CHTR
$17.3B
| $5.94M | ﹤0.01% |
16,621
+2,362
| +17% | +$882K |
|
1404
iShares Self-Driving EV and Tech ETF
IDRV
$125M
| $5.91M | ﹤0.01% |
153,937
+3,781
| +3% | +$145K |
|
1405
iShares MSCI Indonesia ETF
EIDO
$480M
| $5.9M | ﹤0.01% |
+250,926
| New | +$5.72M |
|
1406
STMicroelectronics
STM
$46.7B
| $5.89M | ﹤0.01% |
110,137
+14,753
| +15% | +$688K |
|
1407
Alcoa
AA
$11.9B
| $5.87M | ﹤0.01% |
137,871
+34,651
| +34% | +$1.67M |
|
1408
ClearBridge Dividend Strategy ESG ETF
YLDE
$169M
| $5.85M | ﹤0.01% |
147,395
-4,058
| -3% | -$160K |
|
1409
RLI Corp
RLI
$5.62B
| $5.85M | ﹤0.01% |
87,976
-972
| -1% | -$64.6K |
|
1410
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.18B
| $5.84M | ﹤0.01% |
216,186
-1,972,890
| -90% | -$53.8M |
|
1411
Charles River Laboratories
CRL
$11.2B
| $5.84M | ﹤0.01% |
28,953
+4,785
| +20% | +$1.08M |
|
1412
ProShares Short QQQ
PSQ
$824M
| $5.84M | ﹤0.01% |
95,938
-49,228
| -34% | -$3.28M |
|
1413
Pacer American Energy Infrastructure ETF
USAI
$128M
| $5.83M | ﹤0.01% |
223,982
+1,046
| +0.5% | +$28K |
|
1414
Hercules Capital
HTGC
$3.07B
| $5.82M | ﹤0.01% |
451,201
-40,451
| -8% | -$565K |
|
1415
Tyler Technologies
TYL
$12.7B
| $5.8M | ﹤0.01% |
16,365
+5,978
| +58% | +$1.94M |
|
1416
Brookfield Infrastructure Partners
BIP
$19.2B
| $5.77M | ﹤0.01% |
170,898
+8,962
| +6% | +$302K |
|
1417
Davis Select Financial ETF
DFNL
$460M
| $5.77M | ﹤0.01% |
222,123
+13,416
| +6% | +$377K |
|
1418
Dimensional US Core Equity Market ETF
DFAU
$12.4B
| $5.75M | ﹤0.01% |
199,794
-85,617
| -30% | -$2.42M |
|
1419
Polaris
PII
$3.82B
| $5.74M | ﹤0.01% |
51,902
+289
| +0.6% | +$32K |
|
|
WIW
1420
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
| $5.73M | ﹤0.01% |
625,888
-134,514
| -18% | -$1.25M |
|
1421
Gartner
IT
$10.1B
| $5.7M | ﹤0.01% |
17,508
+5,056
| +41% | +$1.67M |
|
|
IBTF
1422
DELISTED
iShares iBonds Dec 2025 Term Treasury ETF
IBTF
| $5.7M | ﹤0.01% |
242,164
+97,997
| +68% | +$2.29M |
|
|
VMW
1423
DELISTED
VMware, Inc
VMW
| $5.68M | ﹤0.01% |
45,529
+1,258
| +3% | +$151K |
|
1424
JPMorgan Diversified Return Emerging Markets Equity ETF
JPEM
$389M
| $5.67M | ﹤0.01% |
112,236
+32,333
| +40% | +$1.64M |
|
1425
BlackRock Credit Allocation Income Trust
BTZ
$930M
| $5.66M | ﹤0.01% |
549,948
+6,715
| +1% | +$71.6K |
|
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.