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 | |
|---|---|---|---|---|---|---|
2401
Cabot Corp
CBT
$4.27B
| $1.5M | ﹤0.01% |
19,632
+13,572
| +224% | +$1.02M |
|
2402
ePlus
PLUS
$2.46B
| $1.5M | ﹤0.01% |
30,659
+6,867
| +29% | +$348K |
|
2403
iShares US Telecommunications ETF
IYZ
$1.25B
| $1.5M | ﹤0.01% |
64,915
+8,334
| +15% | +$194K |
|
2404
Leidos
LDOS
$16.1B
| $1.5M | ﹤0.01% |
16,292
+2,451
| +18% | +$237K |
|
2405
ProShares Pet Care ETF
PAWZ
$33.8M
| $1.49M | ﹤0.01% |
30,104
+4,113
| +16% | +$209K |
|
2406
Colterpoint Net Lease Real Estate ETF
NETL
$54M
| $1.49M | ﹤0.01% |
59,529
-3,545
| -6% | -$92.3K |
|
|
STK
2407
Columbia Seligman Premium Technology Growth Fund
STK
$909M
| $1.49M | ﹤0.01% |
53,647
-41,731
| -44% | -$1.09M |
|
|
CADE
2408
DELISTED
Cadence Bank
CADE
| $1.49M | ﹤0.01% |
71,830
-688
| -0.9% | -$17.1K |
|
2409
Globe Life
GL
$14.2B
| $1.49M | ﹤0.01% |
13,541
-29,488
| -69% | -$3.46M |
|
2410
Ternium
TX
$10.4B
| $1.48M | ﹤0.01% |
35,943
-18,551
| -34% | -$729K |
|
2411
Suburban Propane Partners
SPH
$1.18B
| $1.48M | ﹤0.01% |
96,801
+26,911
| +39% | +$416K |
|
2412
iShares Currency Hedged MSCI Emerging Markets
HEEM
$283M
| $1.48M | ﹤0.01% |
61,592
+2,208
| +4% | +$53.3K |
|
|
BCPC
2413
Balchem Corp
BCPC
$5.56B
| $1.48M | ﹤0.01% |
11,681
+1,066
| +10% | +$138K |
|
2414
ProShares Short 20+ Year Treasury ETF
TBF
$104M
| $1.47M | ﹤0.01% |
69,714
-193,381
| -74% | -$4.18M |
|
2415
Impinj
PI
$5.01B
| $1.47M | ﹤0.01% |
10,869
-824
| -7% | -$105K |
|
2416
Glacier Bancorp
GBCI
$6.58B
| $1.47M | ﹤0.01% |
35,012
+2,094
| +6% | +$95.8K |
|
|
SVC
2417
Service Properties Trust
SVC
$1.02B
| $1.47M | ﹤0.01% |
29,510
+11,120
| +60% | +$514K |
|
2418
Globant
GLOB
$1.64B
| $1.47M | ﹤0.01% |
8,951
-1,451
| -14% | -$237K |
|
2419
Invesco CurrencyShares Japanese Yen Trust
FXY
$451M
| $1.47M | ﹤0.01% |
20,930
-7,066
| -25% | -$498K |
|
2420
Hartford Schroders Tax-Aware Bond ETF
HTAB
$290M
| $1.47M | ﹤0.01% |
74,839
+61,980
| +482% | +$1.21M |
|
2421
GATX Corp
GATX
$6.38B
| $1.47M | ﹤0.01% |
13,338
-2,243
| -14% | -$245K |
|
|
AFGR
2422
First Trust Active Factor Large Cap Growth ETF
AFGR
$96.2M
| $1.47M | ﹤0.01% |
76,766
-26,187
| -25% | -$474K |
|
2423
Nuveen Taxable Municipal Income Fund
NBB
$450M
| $1.46M | ﹤0.01% |
90,771
-198,295
| -69% | -$3.23M |
|
2424
LCI Industries
LCII
$2.64B
| $1.46M | ﹤0.01% |
13,314
+2,593
| +24% | +$284K |
|
2425
iShares Interest Rate Hedged Long-Term Corporate Bond ETF
IGBH
$221M
| $1.46M | ﹤0.01% |
62,473
-1,777
| -3% | -$41.9K |
|
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.