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 | |
|---|---|---|---|---|---|---|
2026
Advanced Energy
AEIS
$13.7B
| $2.32M | ﹤0.01% |
23,649
-1,482
| -6% | -$140K |
|
|
HPI
2027
John Hancock Preferred Income Fund
HPI
$432M
| $2.32M | ﹤0.01% |
144,837
+8,056
| +6% | +$134K |
|
|
EHI
2028
Western Asset Global High Income Fund
EHI
$177M
| $2.32M | ﹤0.01% |
332,784
+11,512
| +4% | +$85K |
|
2029
Murphy USA
MUSA
$10.8B
| $2.31M | ﹤0.01% |
8,970
-2,519
| -22% | -$655K |
|
|
PDT
2030
John Hancock Premium Dividend Fund
PDT
$632M
| $2.31M | ﹤0.01% |
186,283
+3,499
| +2% | +$45.1K |
|
2031
iShares US Small Cap Value Factor ETF
SVAL
$208M
| $2.31M | ﹤0.01% |
86,641
-2,187
| -2% | -$63K |
|
2032
Kimbell Royalty Partners
KRP
$1.46B
| $2.3M | ﹤0.01% |
151,261
+21,287
| +16% | +$333K |
|
2033
OneMain Financial
OMF
$7.55B
| $2.3M | ﹤0.01% |
62,113
-282
| -0.5% | -$11.3K |
|
|
ABFL
2034
Abacus FCF Leaders ETF
ABFL
$537M
| $2.3M | ﹤0.01% |
47,106
-880
| -2% | -$42.1K |
|
2035
NetApp
NTAP
$38.3B
| $2.3M | ﹤0.01% |
36,049
-66
| -0.2% | -$4.26K |
|
2036
Pan American Silver
PAAS
$19.1B
| $2.29M | ﹤0.01% |
125,838
+11,147
| +10% | +$192K |
|
|
DOC
2037
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $2.29M | ﹤0.01% |
153,249
+4,691
| +3% | +$70.8K |
|
2038
Hasbro
HAS
$12.9B
| $2.29M | ﹤0.01% |
42,600
+8,802
| +26% | +$503K |
|
2039
First Horizon
FHN
$12.4B
| $2.28M | ﹤0.01% |
128,497
+19,617
| +18% | +$436K |
|
2040
Dentsply Sirona
XRAY
$2.86B
| $2.28M | ﹤0.01% |
58,067
+580
| +1% | +$21.3K |
|
2041
Merit Medical Systems
MMSI
$5.11B
| $2.28M | ﹤0.01% |
30,821
+3,223
| +12% | +$226K |
|
2042
First Trust Exchange-Traded Fund II First Trust Indxx Global Agriculture ETF
FTAG
$14.2M
| $2.28M | ﹤0.01% |
78,265
+5,043
| +7% | +$149K |
|
2043
Invesco Quality Municipal Securities
IQI
$526M
| $2.28M | ﹤0.01% |
228,278
+89,279
| +64% | +$875K |
|
|
PSMB
2044
DELISTED
Invesco Balanced Multi-Asset Allocation ETF
PSMB
| $2.27M | ﹤0.01% |
152,862
-330,491
| -68% | -$4.93M |
|
2045
Synchrony
SYF
$25.8B
| $2.27M | ﹤0.01% |
77,961
+8,950
| +13% | +$301K |
|
2046
First Industrial Realty Trust
FR
$8.54B
| $2.27M | ﹤0.01% |
42,605
+8,574
| +25% | +$447K |
|
2047
Helen of Troy
HELE
$662M
| $2.26M | ﹤0.01% |
23,787
+1,537
| +7% | +$165K |
|
2048
Ryanair
RYAAY
$31.6B
| $2.26M | ﹤0.01% |
59,805
+43,815
| +274% | +$1.62M |
|
2049
Invesco Next Gen Media and Gaming ETF
GGME
$45.6M
| $2.26M | ﹤0.01% |
65,109
+604
| +0.9% | +$21.4K |
|
2050
Innovative Industrial Properties
IIPR
$1.73B
| $2.25M | ﹤0.01% |
29,672
-33,314
| -53% | -$2.94M |
|
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.