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 | |
|---|---|---|---|---|---|---|
1976
BioMarin Pharmaceuticals
BMRN
$11.7B
| $2.47M | ﹤0.01% |
25,398
-289
| -1% | -$30K |
|
1977
Ionis Pharmaceuticals
IONS
$9.08B
| $2.47M | ﹤0.01% |
68,994
-5,105
| -7% | -$192K |
|
|
ETW
1978
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
$1.05B
| $2.46M | ﹤0.01% |
304,953
+12,023
| +4% | +$96.4K |
|
1979
WisdomTree US AI Enhanced Value Fund
AIVL
$433M
| $2.46M | ﹤0.01% |
26,862
-3,564
| -12% | -$332K |
|
1980
Arch Capital
ACGL
$34B
| $2.46M | ﹤0.01% |
36,245
+3,948
| +12% | +$259K |
|
1981
BorgWarner
BWA
$12.8B
| $2.46M | ﹤0.01% |
56,855
+11,618
| +26% | +$481K |
|
1982
Badger Meter
BMI
$3.97B
| $2.46M | ﹤0.01% |
20,160
-6,429
| -24% | -$752K |
|
1983
Invesco Value Municipal Income Trust
IIM
$593M
| $2.45M | ﹤0.01% |
201,128
+35,048
| +21% | +$430K |
|
1984
American Homes 4 Rent
AMH
$12.3B
| $2.44M | ﹤0.01% |
77,654
-14,309
| -16% | -$457K |
|
1985
Compass Minerals
CMP
$1.25B
| $2.43M | ﹤0.01% |
70,789
+8,028
| +13% | +$321K |
|
1986
HEICO Corp Class A
HEI.A
$37.1B
| $2.41M | ﹤0.01% |
17,720
-1,092
| -6% | -$145K |
|
1987
Invesco BulletShares 2030 Corporate Bond ETF
BSCU
$2.67B
| $2.41M | ﹤0.01% |
146,025
+40,684
| +39% | +$663K |
|
1988
Camden Property Trust
CPT
$10.9B
| $2.4M | ﹤0.01% |
22,921
+1,199
| +6% | +$137K |
|
1989
ICF International
ICFI
$1.54B
| $2.4M | ﹤0.01% |
21,902
+1,343
| +7% | +$140K |
|
1990
Orion
OEC
$368M
| $2.4M | ﹤0.01% |
91,979
+34,525
| +60% | +$781K |
|
1991
iShares Agency Bond ETF
AGZ
$564M
| $2.4M | ﹤0.01% |
22,158
-2,180
| -9% | -$234K |
|
1992
Organon & Co
OGN
$3.56B
| $2.4M | ﹤0.01% |
101,942
-18,148
| -15% | -$487K |
|
|
WCN
1993
Waste Connections
WCN
$41.7B
| $2.39M | ﹤0.01% |
17,178
-225
| -1% | -$29.9K |
|
1994
First Majestic Silver
AG
$8.15B
| $2.39M | ﹤0.01% |
331,300
+142,501
| +75% | +$1.05M |
|
1995
Teleflex
TFX
$6.19B
| $2.38M | ﹤0.01% |
9,403
+5,541
| +143% | +$1.34M |
|
1996
iShares North American Natural Resources ETF
IGE
$747M
| $2.38M | ﹤0.01% |
60,778
-81,773
| -57% | -$3.3M |
|
1997
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
| $2.38M | ﹤0.01% |
216,172
+15,131
| +8% | +$168K |
|
|
CHGX
1998
DELISTED
AXS Change Finance ESG ETF
CHGX
| $2.37M | ﹤0.01% |
82,136
+25,545
| +45% | +$722K |
|
1999
iShares ESG Advanced MSCI EAFE ETF
DMXF
$1.01B
| $2.37M | ﹤0.01% |
39,793
+465
| +1% | +$27K |
|
2000
ResMed
RMD
$31.9B
| $2.37M | ﹤0.01% |
10,818
-62
| -0.6% | -$13.5K |
|
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.