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 | |
|---|---|---|---|---|---|---|
1926
Manhattan Associates
MANH
$10.9B
| $2.63M | ﹤0.01% |
17,000
+944
| +6% | +$130K |
|
1927
Fidelity Value Factor ETF
FVAL
$1.35B
| $2.63M | ﹤0.01% |
57,517
-6,159
| -10% | -$280K |
|
|
ETO
1928
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund
ETO
$511M
| $2.63M | ﹤0.01% |
118,324
+3,384
| +3% | +$74.7K |
|
1929
Alerian Energy Infrastructure ETF
ENFR
$516M
| $2.62M | ﹤0.01% |
125,222
-21,844
| -15% | -$467K |
|
1930
Houlihan Lokey
HLI
$8.77B
| $2.62M | ﹤0.01% |
29,935
+2,484
| +9% | +$234K |
|
|
PSMM
1931
DELISTED
Invesco Moderately Conservative Multi-Asset Allocation ETF
PSMM
| $2.62M | ﹤0.01% |
190,142
-417,018
| -69% | -$5.74M |
|
1932
VanEck Mortgage REIT Income ETF
MORT
$379M
| $2.61M | ﹤0.01% |
231,398
+44,840
| +24% | +$553K |
|
1933
Mettler-Toledo International
MTD
$29B
| $2.61M | ﹤0.01% |
1,708
+706
| +70% | +$1.06M |
|
1934
Rithm Capital
RITM
$5.62B
| $2.61M | ﹤0.01% |
325,703
-18,767
| -5% | -$165K |
|
1935
Ally Financial
ALLY
$13.4B
| $2.6M | ﹤0.01% |
102,053
+11,840
| +13% | +$339K |
|
1936
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.55B
| $2.59M | ﹤0.01% |
102,222
+861
| +0.8% | +$21K |
|
1937
Global X Variable Rate Preferred ETF
PFFV
$303M
| $2.59M | ﹤0.01% |
113,380
+87,871
| +344% | +$2.07M |
|
|
AVK
1938
Advent Convertible and Income Fund
AVK
$556M
| $2.59M | ﹤0.01% |
230,051
+18,911
| +9% | +$222K |
|
|
ACP
1939
abrdn Income Credit Strategies Fund
ACP
$630M
| $2.59M | ﹤0.01% |
387,938
+335,043
| +633% | +$2.5M |
|
1940
CBRE Group
CBRE
$43B
| $2.58M | ﹤0.01% |
35,405
+871
| +3% | +$71.2K |
|
1941
Petrobras
PBR
$123B
| $2.57M | ﹤0.01% |
246,403
+20,353
| +9% | +$221K |
|
1942
Crane NXT
CXT
$3.09B
| $2.57M | ﹤0.01% |
65,163
-13,249
| -17% | -$524K |
|
1943
Franklin US Core Bond ETF
FLCB
$3.03B
| $2.57M | ﹤0.01% |
118,141
+33,771
| +40% | +$728K |
|
1944
RH Tactical Outlook ETF
RHTX
$8.02M
| $2.57M | ﹤0.01% |
197,715
+634
| +0.3% | +$8.31K |
|
1945
Fluor
FLR
$7.01B
| $2.56M | ﹤0.01% |
82,909
+8,480
| +11% | +$292K |
|
1946
Vistra
VST
$52.6B
| $2.56M | ﹤0.01% |
106,599
-2,053
| -2% | -$47.6K |
|
1947
iShares Global Financials ETF
IXG
$683M
| $2.56M | ﹤0.01% |
37,064
-9,645
| -21% | -$703K |
|
1948
abrdn Physical Palladium Shares ETF
PALL
$608M
| $2.55M | ﹤0.01% |
94,415
+5,710
| +6% | +$165K |
|
|
ARI
1949
Apollo Commercial Real Estate
ARI
$892M
| $2.55M | ﹤0.01% |
273,430
+6,122
| +2% | +$67.8K |
|
1950
Northern Trust
NTRS
$33.3B
| $2.55M | ﹤0.01% |
28,885
+1,931
| +7% | +$179K |
|
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.