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 | |
|---|---|---|---|---|---|---|
2051
ING
ING
$102B
| $2.25M | ﹤0.01% |
189,783
-24,673
| -12% | -$327K |
|
2052
Sprott Gold Miners ETF
SGDM
$577M
| $2.25M | ﹤0.01% |
79,546
+4,921
| +7% | +$129K |
|
2053
First Trust Exchange-Traded Fund VI First Trust Bloomberg Shareholder Yield ETF
SHRY
$16.1M
| $2.24M | ﹤0.01% |
72,350
+17,095
| +31% | +$529K |
|
2054
Invesco S&P SmallCap Consumer Staples ETF
PSCC
$39.4M
| $2.24M | ﹤0.01% |
61,212
+13,023
| +27% | +$466K |
|
2055
Artesian Resources
ARTNA
$350M
| $2.24M | ﹤0.01% |
+40,476
| New | +$2.31M |
|
2056
Comfort Systems
FIX
$63B
| $2.24M | ﹤0.01% |
15,334
+5,383
| +54% | +$698K |
|
2057
Global X Aging Population ETF
AGNG
$87M
| $2.23M | ﹤0.01% |
83,418
-9,007
| -10% | -$239K |
|
2058
Newell Brands
NWL
$2.59B
| $2.23M | ﹤0.01% |
179,063
+2,988
| +2% | +$42.1K |
|
|
LEAD
2059
DELISTED
Siren DIVCON Leaders Dividend ETF
LEAD
| $2.23M | ﹤0.01% |
41,946
+1,172
| +3% | +$60.7K |
|
|
GPP
2060
DELISTED
Green Plains Partners LP
GPP
| $2.23M | ﹤0.01% |
175,232
+3,536
| +2% | +$45.8K |
|
2061
Universal Display
OLED
$3.9B
| $2.22M | ﹤0.01% |
14,335
-4,825
| -25% | -$648K |
|
2062
Cedar Fair
FUN
$1.85B
| $2.22M | ﹤0.01% |
48,564
+18,451
| +61% | +$811K |
|
2063
SS&C Technologies
SSNC
$18.8B
| $2.22M | ﹤0.01% |
39,267
+5,081
| +15% | +$293K |
|
2064
Fidelity Limited Term Bond ETF
FLTB
$415M
| $2.22M | ﹤0.01% |
45,724
+4,769
| +12% | +$230K |
|
|
LTHM
2065
DELISTED
Livent Corporation
LTHM
| $2.21M | ﹤0.01% |
101,849
+14,926
| +17% | +$345K |
|
2066
HSBC
HSBC
$364B
| $2.21M | ﹤0.01% |
64,777
-9,587
| -13% | -$344K |
|
|
DIAX
2067
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
| $2.21M | ﹤0.01% |
150,592
-17,484
| -10% | -$265K |
|
2068
BlackRock Income Trust
BKT
$337M
| $2.21M | ﹤0.01% |
175,391
-2,599
| -1% | -$33.3K |
|
2069
SK Telecom
SKM
$13.5B
| $2.21M | ﹤0.01% |
107,658
+52,219
| +94% | +$1.07M |
|
|
THW
2070
abrdn World Healthcare Fund
THW
$540M
| $2.21M | ﹤0.01% |
160,597
+10,026
| +7% | +$144K |
|
2071
Equity Lifestyle Properties
ELS
$12.7B
| $2.2M | ﹤0.01% |
32,837
+5,422
| +20% | +$368K |
|
2072
VanEck Low Carbon Energy ETF
SMOG
$133M
| $2.2M | ﹤0.01% |
18,109
-1,047
| -5% | -$123K |
|
2073
Core Alternative Capital
CCOR
$27.9M
| $2.2M | ﹤0.01% |
73,751
-62,450
| -46% | -$1.9M |
|
2074
Chemed
CHE
$7.04B
| $2.2M | ﹤0.01% |
4,090
+2,127
| +108% | +$1.08M |
|
2075
RH Tactical Rotation ETF
RHRX
$40.3M
| $2.19M | ﹤0.01% |
184,430
-79,736
| -30% | -$945K |
|
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.