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 | |
|---|---|---|---|---|---|---|
1426
Ingersoll Rand
IR
$32.6B
| $5.65M | ﹤0.01% |
97,064
+2,823
| +3% | +$159K |
|
1427
Southern Copper
SCCO
$143B
| $5.64M | ﹤0.01% |
79,748
-6,616
| -8% | -$450K |
|
1428
NRG Energy
NRG
$28.3B
| $5.64M | ﹤0.01% |
164,357
+30,378
| +23% | +$1.01M |
|
|
UBA
1429
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $5.63M | ﹤0.01% |
320,354
-10,129
| -3% | -$182K |
|
1430
Davis Select US Equity ETF
DUSA
$1.27B
| $5.61M | ﹤0.01% |
197,391
-6,108
| -3% | -$177K |
|
1431
State Street SPDR S&P Transportation ETF
XTN
$387M
| $5.61M | ﹤0.01% |
77,381
-58,575
| -43% | -$4.37M |
|
1432
Vanguard US Value Factor ETF
VFVA
$895M
| $5.6M | ﹤0.01% |
57,799
+28,949
| +100% | +$2.97M |
|
|
EXAS
1433
DELISTED
Exact Sciences
EXAS
| $5.6M | ﹤0.01% |
82,609
+3,289
| +4% | +$211K |
|
|
DSL
1434
DoubleLine Income Solutions Fund
DSL
$1.22B
| $5.6M | ﹤0.01% |
492,541
+8,488
| +2% | +$101K |
|
1435
Viatris
VTRS
$20.4B
| $5.59M | ﹤0.01% |
581,588
-5,489
| -0.9% | -$60.9K |
|
1436
iShares MSCI ACWI ex US ETF
ACWX
$11.5B
| $5.59M | ﹤0.01% |
114,540
+6,377
| +6% | +$307K |
|
1437
Plains GP Holdings
PAGP
$5.21B
| $5.58M | ﹤0.01% |
425,568
+48,919
| +13% | +$641K |
|
1438
Global X S&P 500 Catholic Values ETF
CATH
$1.28B
| $5.58M | ﹤0.01% |
111,181
-13,264
| -11% | -$647K |
|
1439
iShares iBonds Dec 2026 Term Muni Bond ETF
IBMO
$581M
| $5.58M | ﹤0.01% |
218,483
-22,700
| -9% | -$576K |
|
1440
Sixth Street Specialty
TSLX
$1.63B
| $5.55M | ﹤0.01% |
303,520
+34,053
| +13% | +$632K |
|
1441
Defiance Quantum ETF
QTUM
$5.23B
| $5.54M | ﹤0.01% |
119,166
+2,866
| +2% | +$126K |
|
1442
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.29B
| $5.52M | ﹤0.01% |
472,817
-19,598
| -4% | -$226K |
|
1443
Global X Internet of Things ETF
SNSR
$222M
| $5.51M | ﹤0.01% |
165,708
+4,755
| +3% | +$152K |
|
1444
WisdomTree Managed Futures Strategy Fund
WTMF
$245M
| $5.48M | ﹤0.01% |
163,391
+24,662
| +18% | +$801K |
|
1445
Wolfspeed
WOLF
$1.23B
| $5.48M | ﹤0.01% |
84,327
-1,581
| -2% | -$116K |
|
|
QVMM
1446
Invesco QQQ Trust Series 1
QVMM
$429M
| $5.47M | ﹤0.01% |
236,435
+117,441
| +99% | +$2.78M |
|
1447
JPMorgan International Bond Opportunities ETF
JPIB
$2.1B
| $5.47M | ﹤0.01% |
115,463
+61,007
| +112% | +$2.87M |
|
1448
New Jersey Resources
NJR
$5.84B
| $5.47M | ﹤0.01% |
102,753
+830
| +0.8% | +$42.3K |
|
1449
Brookfield
BN
$104B
| $5.46M | ﹤0.01% |
251,369
+116,138
| +86% | +$2.62M |
|
1450
Royal Caribbean
RCL
$85.1B
| $5.45M | ﹤0.01% |
83,429
-12,289
| -13% | -$811K |
|
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.