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 | |
|---|---|---|---|---|---|---|
2001
Invesco Dorsey Wright Energy Momentum ETF
PXI
$50.8M
| $2.37M | ﹤0.01% |
59,410
-62,831
| -51% | -$2.66M |
|
2002
Qorvo
QRVO
$8.24B
| $2.37M | ﹤0.01% |
23,298
+3,386
| +17% | +$343K |
|
2003
DigitalOcean
DOCN
$15B
| $2.36M | ﹤0.01% |
60,340
-30,064
| -33% | -$946K |
|
2004
WaFd
WAFD
$2.79B
| $2.36M | ﹤0.01% |
78,404
-1,633
| -2% | -$55.2K |
|
2005
First Trust Securitized Plus ETF
DEED
$64.4M
| $2.35M | ﹤0.01% |
108,417
-18,312
| -14% | -$395K |
|
2006
Lithia Motors
LAD
$8.12B
| $2.35M | ﹤0.01% |
10,276
+837
| +9% | +$204K |
|
2007
InfraCap REIT Preferred ETF
PFFR
$122M
| $2.35M | ﹤0.01% |
139,683
+1,497
| +1% | +$26.8K |
|
2008
Teva Pharmaceuticals
TEVA
$39.8B
| $2.35M | ﹤0.01% |
265,288
-3,716
| -1% | -$36.7K |
|
|
FINS
2009
Angel Oak Financial Strategies Income Term Trust
FINS
$420M
| $2.35M | ﹤0.01% |
190,374
-14,844
| -7% | -$192K |
|
2010
Teck Resources
TECK
$31.4B
| $2.35M | ﹤0.01% |
64,275
-108,245
| -63% | -$4.3M |
|
|
JHG
2011
DELISTED
Janus Henderson
JHG
| $2.34M | ﹤0.01% |
87,969
+5,447
| +7% | +$145K |
|
2012
Boyd Gaming
BYD
$6.21B
| $2.34M | ﹤0.01% |
36,528
-1,082
| -3% | -$67K |
|
2013
Goodyear
GT
$2.04B
| $2.34M | ﹤0.01% |
212,530
-425
| -0.2% | -$4.71K |
|
|
HQL
2014
abrdn Life Sciences Investors
HQL
$596M
| $2.33M | ﹤0.01% |
167,611
+5,723
| +4% | +$81.8K |
|
2015
Victory Portfolios II VictoryShares Core Intermediate Bond ETF
UITB
$2.66B
| $2.33M | ﹤0.01% |
50,023
+12,855
| +35% | +$596K |
|
2016
WPP
WPP
$4.43B
| $2.33M | ﹤0.01% |
39,164
+5,547
| +17% | +$325K |
|
2017
Cenovus Energy
CVE
$53.1B
| $2.33M | ﹤0.01% |
133,433
-179
| -0.1% | -$3.29K |
|
2018
National Fuel Gas
NFG
$7.77B
| $2.33M | ﹤0.01% |
40,348
-11,627
| -22% | -$674K |
|
|
PHK
2019
PIMCO High Income Fund
PHK
$875M
| $2.33M | ﹤0.01% |
488,030
+2,553
| +0.5% | +$12.8K |
|
2020
Alexandria Real Estate Equities
ARE
$8.8B
| $2.33M | ﹤0.01% |
18,536
+617
| +3% | +$90.7K |
|
2021
State Street SPDR S&P Emerging Markets Dividend ETF
EDIV
$1.23B
| $2.33M | ﹤0.01% |
88,861
-7,395
| -8% | -$189K |
|
2022
Pacer Cash Cows Fund of Funds ETF
HERD
$101M
| $2.33M | ﹤0.01% |
+69,281
| New | +$2.32M |
|
2023
Nokia
NOK
$55.6B
| $2.32M | ﹤0.01% |
473,230
-8,042
| -2% | -$37.9K |
|
2024
Pembina Pipeline
PBA
$27.8B
| $2.32M | ﹤0.01% |
71,669
-14,042
| -16% | -$474K |
|
2025
Snap
SNAP
$9.72B
| $2.32M | ﹤0.01% |
207,061
-1,105
| -0.5% | -$11.6K |
|
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.