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 | |
|---|---|---|---|---|---|---|
1476
3D Systems Corp
DDD
$431M
| $5.25M | ﹤0.01% |
489,689
-63,923
| -12% | -$652K |
|
1477
Sprott Uranium Miners ETF
URNM
$1.76B
| $5.23M | ﹤0.01% |
166,811
+17,015
| +11% | +$569K |
|
|
SZNE
1478
DELISTED
Pacer CFRA-Stoval Equal Weight Seasonal Rotation ETF
SZNE
| $5.23M | ﹤0.01% |
140,976
-5,328
| -4% | -$196K |
|
1479
Nordson
NDSN
$16.6B
| $5.23M | ﹤0.01% |
23,541
+2,537
| +12% | +$581K |
|
1480
First Trust Dividend Strength ETF
FTDS
$38.7M
| $5.23M | ﹤0.01% |
123,652
+85,221
| +222% | +$3.73M |
|
|
BBT
1481
Beacon Financial Corp
BBT
$2.66B
| $5.23M | ﹤0.01% |
208,575
-1,564
| -0.7% | -$44.7K |
|
1482
Vale
VALE
$64.1B
| $5.22M | ﹤0.01% |
330,618
+30,027
| +10% | +$509K |
|
1483
Alaska Air
ALK
$5.29B
| $5.21M | ﹤0.01% |
124,231
-768
| -0.6% | -$36K |
|
1484
Rollins
ROL
$18.3B
| $5.21M | ﹤0.01% |
138,794
-9,161
| -6% | -$330K |
|
|
IPG
1485
DELISTED
Interpublic Group of Companies
IPG
| $5.21M | ﹤0.01% |
139,787
+14,377
| +11% | +$517K |
|
1486
iShares ESG Advanced MSCI USA ETF
USXF
$1.41B
| $5.21M | ﹤0.01% |
157,409
+7,256
| +5% | +$234K |
|
1487
Ferrari
RACE
$69.2B
| $5.19M | ﹤0.01% |
19,173
+2,992
| +18% | +$764K |
|
1488
Expedia Group
EXPE
$35.4B
| $5.19M | ﹤0.01% |
53,533
+11,946
| +29% | +$1.25M |
|
1489
Lamar Advertising Co
LAMR
$16.2B
| $5.19M | ﹤0.01% |
51,998
+3,775
| +8% | +$383K |
|
1490
Vodafone
VOD
$36.3B
| $5.19M | ﹤0.01% |
470,275
-1,837,013
| -80% | -$20.9M |
|
|
RESP
1491
DELISTED
WisdomTree U.S. ESG Fund
RESP
| $5.19M | ﹤0.01% |
120,359
+11,641
| +11% | +$496K |
|
1492
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
$2.99B
| $5.16M | ﹤0.01% |
661,108
-27,686
| -4% | -$214K |
|
1493
iShares Interest Rate Hedged High Yield Bond ETF
HYGH
$593M
| $5.15M | ﹤0.01% |
62,264
+2,304
| +4% | +$191K |
|
1494
Norwegian Cruise Line
NCLH
$8.51B
| $5.15M | ﹤0.01% |
383,134
-594,976
| -61% | -$8.9M |
|
1495
TechnipFMC
FTI
$28.1B
| $5.11M | ﹤0.01% |
374,358
+63,796
| +21% | +$864K |
|
1496
Toyota
TM
$224B
| $5.09M | ﹤0.01% |
35,905
+2,078
| +6% | +$292K |
|
1497
SolarEdge
SEDG
$2.51B
| $5.09M | ﹤0.01% |
16,730
+2,370
| +17% | +$723K |
|
1498
Masco
MAS
$14.1B
| $5.08M | ﹤0.01% |
102,181
+8,236
| +9% | +$425K |
|
1499
Selective Insurance
SIGI
$5.65B
| $5.08M | ﹤0.01% |
53,242
+1,856
| +4% | +$178K |
|
1500
iShares MSCI USA Equal Weighted ETF
EUSA
$1.81B
| $5.07M | ﹤0.01% |
67,146
-1,304
| -2% | -$99.3K |
|
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.