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 | |
|---|---|---|---|---|---|---|
2126
Griffon
GFF
$4.29B
| $2.04M | ﹤0.01% |
63,608
+8,008
| +14% | +$293K |
|
2127
Capital Southwest
CSWC
$1.54B
| $2.04M | ﹤0.01% |
114,510
+10,292
| +10% | +$189K |
|
2128
Korn Ferry
KFY
$4.23B
| $2.03M | ﹤0.01% |
39,246
+4,025
| +11% | +$217K |
|
2129
Teekay Tankers
TNK
$2.66B
| $2.02M | ﹤0.01% |
47,163
+1,317
| +3% | +$48.9K |
|
2130
Coca-Cola Consolidated
COKE
$12B
| $2.02M | ﹤0.01% |
37,800
-2,240
| -6% | -$116K |
|
2131
PDS Biotechnology
PDSB
$40.3M
| $2.02M | ﹤0.01% |
328,247
-50,213
| -13% | -$411K |
|
2132
Western Midstream Partners
WES
$19.3B
| $2.02M | ﹤0.01% |
76,543
+1,092
| +1% | +$29.3K |
|
2133
Darling Ingredients
DAR
$9.56B
| $2.02M | ﹤0.01% |
34,560
+3,655
| +12% | +$230K |
|
2134
Lucid Motors
LCID
$3.04B
| $2.01M | ﹤0.01% |
25,047
+3,594
| +17% | +$319K |
|
2135
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
$2.22B
| $2M | ﹤0.01% |
86,691
+51,993
| +150% | +$1.19M |
|
|
CIZ
2136
DELISTED
VictoryShares Developed Enhanced Volatility Wtd ETF
CIZ
| $2M | ﹤0.01% |
64,285
-4,692
| -7% | -$147K |
|
2137
American States Water
AWR
$3.35B
| $2M | ﹤0.01% |
22,474
+110
| +0.5% | +$10.1K |
|
2138
WisdomTree Mortgage Plus Bond Fund
MTGP
$74.3M
| $1.99M | ﹤0.01% |
45,238
+39,750
| +724% | +$1.75M |
|
2139
BlackRock Multi-Sector Income Trust
BIT
$698M
| $1.99M | ﹤0.01% |
136,637
+917
| +0.7% | +$13.6K |
|
2140
PagerDuty
PD
$871M
| $1.98M | ﹤0.01% |
56,714
+6,686
| +13% | +$196K |
|
|
GTOQ
2141
Invesco High Yield Systematic Bond ETF
GTOQ
$182M
| $1.98M | ﹤0.01% |
92,094
+74,697
| +429% | +$1.61M |
|
|
NS
2142
DELISTED
NuStar Energy L.P.
NS
| $1.98M | ﹤0.01% |
126,564
-1,508
| -1% | -$24.6K |
|
|
HZNP
2143
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $1.98M | ﹤0.01% |
18,133
-2,555
| -12% | -$282K |
|
2144
Five Below
FIVE
$12.3B
| $1.98M | ﹤0.01% |
9,603
+303
| +3% | +$59.7K |
|
2145
JPMorgan USD Emerging Markets Sovereign Bond ETF
JPMB
$67.5M
| $1.98M | ﹤0.01% |
50,313
-3,714
| -7% | -$146K |
|
2146
InfraCap MLP ETF
AMZA
$468M
| $1.98M | ﹤0.01% |
62,273
+12,779
| +26% | +$417K |
|
2147
Terex
TEX
$7.55B
| $1.98M | ﹤0.01% |
40,851
+16,919
| +71% | +$865K |
|
2148
Emcor
EME
$36.2B
| $1.98M | ﹤0.01% |
12,155
+3,569
| +42% | +$549K |
|
2149
iShares GNMA Bond ETF
GNMA
$423M
| $1.98M | ﹤0.01% |
44,447
-5,674
| -11% | -$251K |
|
2150
Oaktree Specialty Lending
OCSL
$1.07B
| $1.98M | ﹤0.01% |
105,230
+21,869
| +26% | +$436K |
|
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.