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 | |
|---|---|---|---|---|---|---|
126
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $194M | 0.15% |
2,541,222
-30,192
| -1% | -$2.29M |
|
127
iShares TIPS Bond ETF
TIP
$14.5B
| $193M | 0.15% |
1,754,810
-504,954
| -22% | -$54.6M |
|
128
United Parcel Service
UPS
$88.6B
| $187M | 0.15% |
966,438
+173,868
| +22% | +$31.9M |
|
129
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.75B
| $187M | 0.15% |
4,025,116
+1,209,657
| +43% | +$55.5M |
|
130
Vanguard Long-Term Bond ETF
BLV
$5.71B
| $183M | 0.14% |
2,383,027
+223,675
| +10% | +$16.9M |
|
131
Boeing
BA
$171B
| $182M | 0.14% |
855,159
+59,827
| +8% | +$12.4M |
|
132
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $181M | 0.14% |
1,825,018
-150,141
| -8% | -$14.7M |
|
133
iShares Russell Mid-Cap ETF
IWR
$56B
| $179M | 0.14% |
2,559,393
-8,504
| -0.3% | -$600K |
|
134
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $178M | 0.14% |
3,828,767
+111,807
| +3% | +$5.19M |
|
135
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $175M | 0.14% |
1,596,915
+187,539
| +13% | +$20.3M |
|
|
HDV
136
iShares Core High Dividend ETF
HDV
$14.5B
| $175M | 0.14% |
8,588,665
-788,435
| -8% | -$16.2M |
|
137
Coca-Cola
KO
$377B
| $174M | 0.14% |
2,811,360
+507,423
| +22% | +$30.7M |
|
138
Vanguard Russell 1000 Growth ETF
VONG
$42.8B
| $174M | 0.14% |
2,765,817
+855,673
| +45% | +$50.7M |
|
139
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.1B
| $173M | 0.13% |
1,086,925
+45,030
| +4% | +$7.45M |
|
140
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$1.02B
| $171M | 0.13% |
3,642,815
+3,596,015
| +7,684% | +$168M |
|
141
RTX Corp
RTX
$290B
| $170M | 0.13% |
1,737,508
+159,367
| +10% | +$15.7M |
|
142
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY
$11.6B
| $170M | 0.13% |
6,384,521
+687,510
| +12% | +$19.1M |
|
143
John Hancock Multifactor Mid Cap ETF
JHMM
$5.92B
| $169M | 0.13% |
3,526,096
+363,235
| +11% | +$17.7M |
|
144
Walt Disney
DIS
$167B
| $167M | 0.13% |
1,667,766
+113,228
| +7% | +$11.4M |
|
145
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $167M | 0.13% |
3,305,239
-181,542
| -5% | -$9.16M |
|
146
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.01B
| $167M | 0.13% |
8,751,370
-454,482
| -5% | -$8.49M |
|
147
Dimensional World ex US Core Equity 2 ETF
DFAX
$11.9B
| $163M | 0.13% |
7,052,675
+115,586
| +2% | +$2.64M |
|
148
AT&T
T
$159B
| $160M | 0.12% |
8,330,413
+862,016
| +12% | +$16.5M |
|
149
Caterpillar
CAT
$375B
| $157M | 0.12% |
686,939
+21,694
| +3% | +$5.24M |
|
150
WisdomTree US LargeCap Dividend Fund
DLN
$6.26B
| $157M | 0.12% |
2,531,545
+4,034
| +0.2% | +$250K |
|
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.