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 | |
|---|---|---|---|---|---|---|
1876
Fabrinet
FN
$16.3B
| $2.83M | ﹤0.01% |
23,844
+20,468
| +606% | +$2.54M |
|
1877
Global X Social Media ETF
SOCL
$92.9M
| $2.83M | ﹤0.01% |
76,379
+44,746
| +141% | +$1.59M |
|
|
NHS
1878
Neuberger High Yield Strategies Fund Inc
NHS
$252M
| $2.82M | ﹤0.01% |
331,118
+12,004
| +4% | +$103K |
|
1879
iShares Morningstar Multi-Asset Income ETF
IYLD
$126M
| $2.82M | ﹤0.01% |
146,454
-9,237
| -6% | -$180K |
|
1880
PBF Energy
PBF
$8.05B
| $2.82M | ﹤0.01% |
64,961
+2,326
| +4% | +$98K |
|
|
MMT
1881
Aberdeen Multi-Market Income Fund
MMT
$238M
| $2.81M | ﹤0.01% |
619,954
+17,896
| +3% | +$82.8K |
|
1882
Teradata
TDC
$3.02B
| $2.81M | ﹤0.01% |
69,838
+9,239
| +15% | +$343K |
|
1883
Invesco Dorsey Wright Emerging Markets Momentum ETF
PIE
$234M
| $2.81M | ﹤0.01% |
151,655
-25,213
| -14% | -$465K |
|
1884
Incyte
INCY
$24B
| $2.81M | ﹤0.01% |
38,875
-13,017
| -25% | -$1.02M |
|
1885
Invesco S&P SmallCap High Dividend Low Volatility ETF
XSHD
$72.3M
| $2.81M | ﹤0.01% |
167,990
+15,379
| +10% | +$277K |
|
1886
Woodward
WWD
$21.5B
| $2.8M | ﹤0.01% |
28,807
+1,754
| +6% | +$176K |
|
1887
Ferguson
FERG
$48.5B
| $2.8M | ﹤0.01% |
20,959
+4,443
| +27% | +$618K |
|
1888
MarketAxess Holdings
MKTX
$5.71B
| $2.8M | ﹤0.01% |
7,162
+1,017
| +17% | +$360K |
|
1889
Magna International
MGA
$18.2B
| $2.8M | ﹤0.01% |
52,232
-43,012
| -45% | -$2.49M |
|
1890
Camping World
CWH
$694M
| $2.79M | ﹤0.01% |
133,745
+21,802
| +19% | +$509K |
|
1891
State Street SPDR S&P Telecom ETF
XTL
$583M
| $2.79M | ﹤0.01% |
34,420
+4,199
| +14% | +$347K |
|
1892
Molina Healthcare
MOH
$10.2B
| $2.79M | ﹤0.01% |
10,429
-746
| -7% | -$214K |
|
1893
Novanta
NOVT
$5.28B
| $2.79M | ﹤0.01% |
17,513
+2,063
| +13% | +$317K |
|
1894
Invesco Dorsey Wright Industrials Momentum ETF
PRN
$426M
| $2.79M | ﹤0.01% |
29,362
+650
| +2% | +$60.3K |
|
|
FFC
1895
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$780M
| $2.78M | ﹤0.01% |
201,166
+3,863
| +2% | +$61.3K |
|
1896
Plains All American Pipeline
PAA
$17.1B
| $2.78M | ﹤0.01% |
223,017
-13,378
| -6% | -$167K |
|
|
THQ
1897
abrdn Healthcare Opportunities Fund
THQ
$777M
| $2.78M | ﹤0.01% |
148,218
-270,065
| -65% | -$5.17M |
|
|
BCV
1898
Bancroft Fund
BCV
$136M
| $2.78M | ﹤0.01% |
163,637
-29,250
| -15% | -$519K |
|
1899
NetEase
NTES
$84.2B
| $2.78M | ﹤0.01% |
31,381
+5,741
| +22% | +$495K |
|
1900
Goldman Sachs Physical Gold ETF Shares
AAAU
$2.46B
| $2.77M | ﹤0.01% |
141,929
+47,063
| +50% | +$883K |
|
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.