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 | |
|---|---|---|---|---|---|---|
|
HES
1726
DELISTED
Hess
HES
| $3.56M | ﹤0.01% |
26,903
+1,445
| +6% | +$201K |
|
1727
State Street SPDR S&P Health Care Services ETF
XHS
$207M
| $3.55M | ﹤0.01% |
41,044
-10,077
| -20% | -$895K |
|
1728
Willis Towers Watson
WTW
$31.7B
| $3.55M | ﹤0.01% |
15,266
+1,012
| +7% | +$245K |
|
1729
WBI Power Factor High Dividend ETF
WBIY
$63.5M
| $3.53M | ﹤0.01% |
132,670
-4,557
| -3% | -$126K |
|
1730
Cullen/Frost Bankers
CFR
$10.5B
| $3.53M | ﹤0.01% |
33,524
-1,421
| -4% | -$177K |
|
|
GRES
1731
DELISTED
IQ ARB Global Resources
GRES
| $3.53M | ﹤0.01% |
103,896
+9,666
| +10% | +$336K |
|
|
CMA
1732
DELISTED
Comerica
CMA
| $3.52M | ﹤0.01% |
81,165
+45,555
| +128% | +$2.92M |
|
|
GRMN
1733
Garmin
GRMN
$58.8B
| $3.52M | ﹤0.01% |
34,834
+3,193
| +10% | +$312K |
|
1734
Globus Medical
GMED
$11.1B
| $3.51M | ﹤0.01% |
62,012
-36,526
| -37% | -$2.34M |
|
1735
iShares Global Materials ETF
MXI
$341M
| $3.51M | ﹤0.01% |
41,920
+1,349
| +3% | +$112K |
|
1736
Invesco China Technology ETF
CQQQ
$3.05B
| $3.5M | ﹤0.01% |
75,211
+44,181
| +142% | +$2.05M |
|
1737
BrandywineGLOBAL Dynamic US Large Cap Value ETF
DVAL
$71.6M
| $3.5M | ﹤0.01% |
304,935
-27,350
| -8% | -$324K |
|
|
CIK
1738
Credit Suisse Asset Management Income Fund
CIK
$134M
| $3.5M | ﹤0.01% |
1,360,077
+53,250
| +4% | +$143K |
|
1739
Western Digital
WDC
$182B
| $3.47M | ﹤0.01% |
122,044
-18,041
| -13% | -$529K |
|
1740
abrdn Bloomberg All Commodity Strategy K-1 Free ETF
BCI
$2.94B
| $3.47M | ﹤0.01% |
167,290
+39,298
| +31% | +$827K |
|
1741
Textron
TXT
$14.9B
| $3.47M | ﹤0.01% |
49,193
+8,818
| +22% | +$629K |
|
1742
First Trust Exchange-Traded Fund VI First Trust Hedged BuyWrite Income ETF
FTQI
$914M
| $3.47M | ﹤0.01% |
179,330
+36,030
| +25% | +$685K |
|
|
EXE
1743
Expand Energy Corp
EXE
$21.9B
| $3.46M | ﹤0.01% |
45,536
+7,204
| +19% | +$593K |
|
1744
VanEck Pharmaceutical ETF
PPH
$917M
| $3.46M | ﹤0.01% |
44,603
-65,952
| -60% | -$5.08M |
|
1745
Okta
OKTA
$24.6B
| $3.46M | ﹤0.01% |
40,114
-196
| -0.5% | -$14.9K |
|
1746
State Street SPDR Global Dow ETF
DGT
$617M
| $3.46M | ﹤0.01% |
32,159
+7,746
| +32% | +$826K |
|
1747
ClearShares Ultra-Short Maturity ETF
OPER
$105M
| $3.46M | ﹤0.01% |
34,531
+5,443
| +19% | +$546K |
|
1748
Davis Select Worldwide ETF
DWLD
$619M
| $3.45M | ﹤0.01% |
130,606
-10,383
| -7% | -$279K |
|
|
PLL
1749
DELISTED
Piedmont Lithium
PLL
| $3.45M | ﹤0.01% |
57,490
+354
| +0.6% | +$21.5K |
|
1750
Cameco
CCJ
$39.1B
| $3.45M | ﹤0.01% |
131,894
-14,823
| -10% | -$392K |
|
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.