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 | |
|---|---|---|---|---|---|---|
176
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.6B
| $134M | 0.1% |
1,788,498
+54,844
| +3% | +$3.93M |
|
177
iShares 10-20 Year Treasury Bond ETF
TLH
$10.9B
| $133M | 0.1% |
1,157,463
-154,961
| -12% | -$17.4M |
|
178
First Trust Global Tactical Commodity Strategy Fund
FTGC
$2.97B
| $133M | 0.1% |
5,643,864
-665,178
| -11% | -$15.8M |
|
179
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $132M | 0.1% |
1,119,382
-367,014
| -25% | -$42.7M |
|
180
Salesforce
CRM
$151B
| $132M | 0.1% |
658,760
+34,656
| +6% | +$5.85M |
|
181
Southern Company
SO
$109B
| $130M | 0.1% |
1,871,676
+158,625
| +9% | +$10.7M |
|
182
Starbucks
SBUX
$120B
| $129M | 0.1% |
1,243,264
-47,145
| -4% | -$4.91M |
|
183
Vanguard Real Estate ETF
VNQ
$39.2B
| $129M | 0.1% |
1,553,790
-123,789
| -7% | -$10.6M |
|
184
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $129M | 0.1% |
1,297,925
+144,105
| +12% | +$14.3M |
|
185
Advanced Micro Devices
AMD
$776B
| $128M | 0.1% |
1,308,804
+119,898
| +10% | +$9.76M |
|
186
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.89B
| $128M | 0.1% |
1,681,250
+155,542
| +10% | +$12.4M |
|
187
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
| $128M | 0.1% |
1,277,139
+297,638
| +30% | +$29.7M |
|
188
Duke Energy
DUK
$97.8B
| $127M | 0.1% |
1,319,556
+129,083
| +11% | +$12.8M |
|
189
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
| $127M | 0.1% |
1,394,029
-34,267
| -2% | -$3.06M |
|
190
Adobe
ADBE
$99.5B
| $126M | 0.1% |
328,239
+19,389
| +6% | +$6.89M |
|
191
Bristol-Myers Squibb
BMY
$133B
| $126M | 0.1% |
1,821,812
+224,031
| +14% | +$15.8M |
|
192
Vanguard Morningstar Mid-Cap Value ETF
VOE
$23.7B
| $125M | 0.1% |
934,792
+21,201
| +2% | +$2.94M |
|
193
IBM
IBM
$211B
| $122M | 0.09% |
928,734
+28,432
| +3% | +$3.8M |
|
194
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $121M | 0.09% |
4,098,668
-1,257,722
| -23% | -$37.1M |
|
195
Deere & Co
DE
$160B
| $121M | 0.09% |
293,732
+10,961
| +4% | +$4.54M |
|
196
Amplify CWP Enhanced Dividend Income ETF
DIVO
$7.5B
| $121M | 0.09% |
3,413,811
+828,706
| +32% | +$29.4M |
|
197
iShares MSCI USA Value Factor ETF
VLUE
$9.17B
| $120M | 0.09% |
1,294,174
-107,269
| -8% | -$10.1M |
|
198
Thermo Fisher Scientific
TMO
$213B
| $119M | 0.09% |
207,177
+3,328
| +2% | +$1.88M |
|
199
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.89B
| $119M | 0.09% |
1,197,720
+859,276
| +254% | +$85.4M |
|
200
Netflix
NFLX
$299B
| $118M | 0.09% |
3,427,500
+65,700
| +2% | +$2.17M |
|
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.