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 | |
|---|---|---|---|---|---|---|
1651
Amdocs
DOX
$5.91B
| $3.96M | ﹤0.01% |
41,284
+2,211
| +6% | +$205K |
|
1652
Evergy
EVRG
$19.1B
| $3.96M | ﹤0.01% |
64,819
-59
| -0.1% | -$3.59K |
|
1653
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
| $3.96M | ﹤0.01% |
182,224
+27,335
| +18% | +$592K |
|
1654
BlackRock Corporate High Yield Fund
HYT
$1.36B
| $3.96M | ﹤0.01% |
453,751
+24,005
| +6% | +$214K |
|
1655
EPAM Systems
EPAM
$5.5B
| $3.95M | ﹤0.01% |
13,215
+1,598
| +14% | +$515K |
|
1656
Zscaler
ZS
$25B
| $3.95M | ﹤0.01% |
33,812
+6,377
| +23% | +$765K |
|
1657
Sarepta Therapeutics
SRPT
$1.63B
| $3.94M | ﹤0.01% |
28,619
+2,923
| +11% | +$379K |
|
1658
VanEck Retail ETF
RTH
$261M
| $3.94M | ﹤0.01% |
24,129
+1,210
| +5% | +$196K |
|
|
GOOD
1659
Gladstone Commercial Corp
GOOD
$601M
| $3.94M | ﹤0.01% |
312,153
-39,896
| -11% | -$606K |
|
1660
Independence Realty Trust
IRT
$3.93B
| $3.93M | ﹤0.01% |
245,040
-66,854
| -21% | -$1.17M |
|
1661
State Street SPDR S&P Pharmaceuticals ETF
XPH
$489M
| $3.91M | ﹤0.01% |
95,426
-4,038
| -4% | -$170K |
|
|
ANSS
1662
DELISTED
Ansys
ANSS
| $3.91M | ﹤0.01% |
11,753
+1,993
| +20% | +$562K |
|
1663
Corpay
CPAY
$25.1B
| $3.91M | ﹤0.01% |
18,548
+2,376
| +15% | +$482K |
|
1664
Invesco AI and Next Gen Software ETF
IGPT
$1.18B
| $3.91M | ﹤0.01% |
115,617
-15,474
| -12% | -$495K |
|
1665
Columbia Multi-Sector Municipal Income ETF
MUST
$591M
| $3.91M | ﹤0.01% |
189,595
+43,845
| +30% | +$900K |
|
|
EMD
1666
Western Asset Emerging Markets Debt Fund
EMD
$610M
| $3.91M | ﹤0.01% |
454,962
+155,825
| +52% | +$1.42M |
|
1667
First Trust NASDAQ ABA Community Bank Index Fund
QABA
$94.5M
| $3.9M | ﹤0.01% |
90,715
-24,425
| -21% | -$1.24M |
|
1668
BlackRock Science and Technology Trust
BST
$1.65B
| $3.9M | ﹤0.01% |
120,559
+7,142
| +6% | +$227K |
|
1669
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$230M
| $3.89M | ﹤0.01% |
103,917
-6,693
| -6% | -$262K |
|
1670
Fair Isaac
FICO
$22.3B
| $3.87M | ﹤0.01% |
5,505
+1,608
| +41% | +$1.07M |
|
1671
iShares Micro-Cap ETF
IWC
$1.47B
| $3.86M | ﹤0.01% |
36,921
-3,519
| -9% | -$395K |
|
1672
Invesco S&P SmallCap 600 Pure Growth ETF
RZG
$140M
| $3.84M | ﹤0.01% |
97,602
-10,605
| -10% | -$427K |
|
|
ORAN
1673
DELISTED
Orange
ORAN
| $3.84M | ﹤0.01% |
321,930
+70,063
| +28% | +$773K |
|
1674
AGCO
AGCO
$7.22B
| $3.84M | ﹤0.01% |
28,400
+15,992
| +129% | +$2.16M |
|
1675
Cornerstone Strategic Value Fund
CLM
$2.22B
| $3.82M | ﹤0.01% |
497,664
+28,671
| +6% | +$223K |
|
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.