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 | |
|---|---|---|---|---|---|---|
2376
ALPS Disruptive Technologies ETF
DTEC
$75.5M
| $1.54M | ﹤0.01% |
41,437
-1,242
| -3% | -$44.8K |
|
2377
Viper Energy
VNOM
$8.2B
| $1.54M | ﹤0.01% |
55,001
-6,603
| -11% | -$198K |
|
2378
Blackstone Secured Lending
BXSL
$5.43B
| $1.54M | ﹤0.01% |
61,630
+30,522
| +98% | +$748K |
|
|
MSD
2379
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
| $1.53M | ﹤0.01% |
238,113
-532
| -0.2% | -$3.56K |
|
2380
iShares 25+ Year Treasury STRIPS Bond ETF
GOVZ
$263M
| $1.53M | ﹤0.01% |
27,816
+22,691
| +443% | +$1.23M |
|
2381
Idacorp
IDA
$8.24B
| $1.53M | ﹤0.01% |
14,120
-934
| -6% | -$98.1K |
|
2382
iShares iBonds Dec 2030 Term Treasury ETF
IBTK
$976M
| $1.53M | ﹤0.01% |
+75,880
| New | +$1.51M |
|
2383
Qualys
QLYS
$6.55B
| $1.52M | ﹤0.01% |
11,719
+7,245
| +162% | +$849K |
|
2384
MSC Industrial Direct
MSM
$7.1B
| $1.52M | ﹤0.01% |
18,112
+1,949
| +12% | +$162K |
|
2385
MGE Energy Inc
MGEE
$3.01B
| $1.52M | ﹤0.01% |
19,564
+1,701
| +10% | +$123K |
|
2386
Guardant Health
GH
$22B
| $1.52M | ﹤0.01% |
64,794
-3,275
| -5% | -$93.5K |
|
2387
Innovator US Equity Power Buffer ETF October
POCT
$971M
| $1.52M | ﹤0.01% |
47,989
| – | – |
|
2388
Xtrackers Municipal Infrastructure Revenue Bond ETF
RVNU
$144M
| $1.52M | ﹤0.01% |
60,617
-78,445
| -56% | -$1.93M |
|
2389
PTC
PTC
$15.2B
| $1.52M | ﹤0.01% |
11,825
-10,623
| -47% | -$1.35M |
|
2390
KBR
KBR
$4.6B
| $1.52M | ﹤0.01% |
27,524
+1,338
| +5% | +$70K |
|
|
RMT
2391
Royce Micro-Cap Trust
RMT
$756M
| $1.51M | ﹤0.01% |
172,661
-3,462
| -2% | -$31.7K |
|
2392
Alpha Architect US Quantitative Momentum ETF
QMOM
$438M
| $1.51M | ﹤0.01% |
33,582
-3,237
| -9% | -$147K |
|
|
EFT
2393
Eaton Vance Floating-Rate Income Trust
EFT
$287M
| $1.51M | ﹤0.01% |
131,512
-9,979
| -7% | -$116K |
|
2394
Zions Bancorporation
ZION
$10.5B
| $1.51M | ﹤0.01% |
50,564
-9,229
| -15% | -$422K |
|
2395
Rocket Companies
RKT
$39.3B
| $1.51M | ﹤0.01% |
166,994
+49,099
| +42% | +$423K |
|
2396
Dorchester Minerals
DMLP
$1.23B
| $1.51M | ﹤0.01% |
49,910
-20,792
| -29% | -$615K |
|
2397
Allison Transmission
ALSN
$9.86B
| $1.51M | ﹤0.01% |
33,399
-1,416
| -4% | -$63.6K |
|
2398
Ingredion
INGR
$6.45B
| $1.51M | ﹤0.01% |
14,846
+2,231
| +18% | +$223K |
|
2399
ZIM Integrated Shipping Services
ZIM
$3.21B
| $1.51M | ﹤0.01% |
64,007
+30,641
| +92% | +$644K |
|
2400
Pacer Trendpilot European Index ETF
PTEU
$37.9M
| $1.51M | ﹤0.01% |
58,243
-5,506
| -9% | -$138K |
|
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.