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 | |
|---|---|---|---|---|---|---|
1801
Targa Resources
TRGP
$56.8B
| $3.21M | ﹤0.01% |
44,053
+158
| +0.4% | +$11.7K |
|
1802
Pinnacle West Capital
PNW
$12.2B
| $3.21M | ﹤0.01% |
40,520
+132
| +0.3% | +$9.96K |
|
1803
First Trust NASDAQ 100 ex-Technology Sector Index Fund
QQXT
$156M
| $3.2M | ﹤0.01% |
38,866
+8,305
| +27% | +$667K |
|
1804
Adaptive Hedged Multi-Asset Income ETF
AMAX
$67.7M
| $3.2M | ﹤0.01% |
412,867
+101,736
| +33% | +$798K |
|
1805
Saba Closed-End Funds ETF
CEFS
$429M
| $3.2M | ﹤0.01% |
174,999
+88,699
| +103% | +$1.61M |
|
1806
BlackRock Debt Strategies Fund
DSU
$595M
| $3.19M | ﹤0.01% |
335,901
+3,979
| +1% | +$38.4K |
|
1807
Teladoc Health
TDOC
$1.21B
| $3.19M | ﹤0.01% |
123,207
+19,249
| +19% | +$515K |
|
1808
Equinor
EQNR
$94.8B
| $3.19M | ﹤0.01% |
112,186
-29,671
| -21% | -$895K |
|
1809
Revvity
RVTY
$12.9B
| $3.18M | ﹤0.01% |
23,846
+4,814
| +25% | +$634K |
|
1810
NiSource
NI
$21.3B
| $3.17M | ﹤0.01% |
113,554
+19,701
| +21% | +$539K |
|
1811
Invesco S&P 500 Value with Momentum ETF
SPVM
$131M
| $3.16M | ﹤0.01% |
66,695
-33,050
| -33% | -$1.62M |
|
1812
US Foods
USFD
$21.9B
| $3.15M | ﹤0.01% |
85,148
-2,983
| -3% | -$111K |
|
|
CCD
1813
Calamos Dynamic Convertible & Income Fund
CCD
$726M
| $3.13M | ﹤0.01% |
147,173
+730
| +0.5% | +$16.2K |
|
1814
RBC Bearings
RBC
$18B
| $3.12M | ﹤0.01% |
13,421
-767
| -5% | -$177K |
|
1815
Invesco S&P 500 Equal Weight Real Estate ETF
RSPR
$103M
| $3.12M | ﹤0.01% |
101,739
-19,108
| -16% | -$609K |
|
1816
State Street SPDR Dow Jones International Real Estate ETF
RWX
$268M
| $3.12M | ﹤0.01% |
118,639
-4,614
| -4% | -$126K |
|
1817
VanEck Long/Flat Trend ETF
LFEQ
$28.6M
| $3.12M | ﹤0.01% |
86,224
-28,781
| -25% | -$1.01M |
|
1818
Match Group
MTCH
$9.46B
| $3.11M | ﹤0.01% |
81,116
+210
| +0.3% | +$9.16K |
|
1819
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
TDTF
$1.04B
| $3.11M | ﹤0.01% |
126,892
-26,300
| -17% | -$631K |
|
1820
SPS Commerce
SPSC
$2.72B
| $3.11M | ﹤0.01% |
20,401
+518
| +3% | +$73.5K |
|
1821
Cambria Value and Momentum ETF
VAMO
$109M
| $3.1M | ﹤0.01% |
123,513
+5,839
| +5% | +$156K |
|
|
SGEN
1822
DELISTED
Seagen Inc. Common Stock
SGEN
| $3.08M | ﹤0.01% |
15,203
-510
| -3% | -$81.8K |
|
1823
Invesco BulletShares 2029 Corporate Bond ETF
BSCT
$2.91B
| $3.08M | ﹤0.01% |
168,175
+39,125
| +30% | +$707K |
|
1824
Dynatrace
DT
$12.9B
| $3.07M | ﹤0.01% |
72,636
+2,613
| +4% | +$106K |
|
|
PBND
1825
DELISTED
Invesco PureBeta US Aggregate Bond ETF
PBND
| $3.07M | ﹤0.01% |
137,793
-1,865,392
| -93% | -$41.3M |
|
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.