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 | |
|---|---|---|---|---|---|---|
2201
Vanguard ESG US Corporate Bond ETF
VCEB
$1.18B
| $1.87M | ﹤0.01% |
29,781
-19,195
| -39% | -$1.19M |
|
|
NCV
2202
Virtus Convertible & Income Fund
NCV
$384M
| $1.87M | ﹤0.01% |
138,843
-11,429
| -8% | -$167K |
|
2203
Enovix
ENVX
$960M
| $1.86M | ﹤0.01% |
142,938
+14,613
| +11% | +$120K |
|
2204
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$85.2M
| $1.86M | ﹤0.01% |
21,594
-8,698
| -29% | -$729K |
|
2205
Pacific Biosciences
PACB
$447M
| $1.86M | ﹤0.01% |
160,502
-44,664
| -22% | -$444K |
|
2206
ALPS O'Shares Global Internet Giants ETF
OGIG
$111M
| $1.86M | ﹤0.01% |
64,576
+4,929
| +8% | +$133K |
|
2207
Amplify Travel Tech ETF
AWAY
$26.9M
| $1.86M | ﹤0.01% |
107,124
+8,004
| +8% | +$145K |
|
2208
Kite Realty
KRG
$5.59B
| $1.85M | ﹤0.01% |
88,507
-645
| -0.7% | -$13.6K |
|
2209
iShares MSCI South Korea ETF
EWY
$24.8B
| $1.84M | ﹤0.01% |
30,035
-108,455
| -78% | -$6.6M |
|
2210
First Trust China AlphaDEX Fund
FCA
$32.9M
| $1.83M | ﹤0.01% |
+83,906
| New | +$1.89M |
|
|
FSCS
2211
First Trust SMID Capital Strength ETF
FSCS
$59.4M
| $1.83M | ﹤0.01% |
66,366
-53,665
| -45% | -$1.52M |
|
2212
B&G Foods
BGS
$289M
| $1.83M | ﹤0.01% |
117,979
-8,788
| -7% | -$122K |
|
2213
First Trust Nasdaq Pharmaceuticals ETF
FTXH
$918M
| $1.83M | ﹤0.01% |
70,125
-2,654
| -4% | -$71.1K |
|
2214
Doximity
DOCS
$3.99B
| $1.83M | ﹤0.01% |
56,478
+9,004
| +19% | +$299K |
|
2215
Nuveen Preferred & Income Opportunities Fund
JPC
$2.91B
| $1.82M | ﹤0.01% |
277,318
-39,711
| -13% | -$290K |
|
2216
H.B. Fuller
FUL
$3.17B
| $1.82M | ﹤0.01% |
26,636
+3,340
| +14% | +$233K |
|
2217
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$6.83B
| $1.82M | ﹤0.01% |
37,057
-8,126
| -18% | -$412K |
|
2218
iShares ESG MSCI USA Leaders ETF
SUSL
$1.2B
| $1.81M | ﹤0.01% |
25,440
-6,510
| -20% | -$451K |
|
2219
Wingstop
WING
$3.31B
| $1.81M | ﹤0.01% |
9,870
+2,531
| +34% | +$416K |
|
2220
Invesco Municipal Opportunity Trust
VMO
$650M
| $1.81M | ﹤0.01% |
184,703
+87,629
| +90% | +$851K |
|
2221
DT Midstream
DTM
$13.8B
| $1.81M | ﹤0.01% |
36,632
+1,840
| +5% | +$95.4K |
|
|
IGD
2222
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$513M
| $1.81M | ﹤0.01% |
354,001
+90,409
| +34% | +$479K |
|
2223
Paylocity
PCTY
$7.67B
| $1.8M | ﹤0.01% |
9,079
+733
| +9% | +$144K |
|
2224
Black Hills Corp
BKH
$5.5B
| $1.8M | ﹤0.01% |
28,568
-599
| -2% | -$39.5K |
|
2225
Louisiana-Pacific
LPX
$5.37B
| $1.8M | ﹤0.01% |
33,227
-2,629
| -7% | -$161K |
|
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.