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 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$378M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$252M |
| 3 |
iShares Gold Trust
IAU
|
+$227M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$226M |
| 5 |
WisdomTree Floating Rate Treasury Fund
USFR
|
+$168M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$140M |
| 2 |
iShares ESG Aware MSCI EM ETF
ESGE
|
+$140M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$116M |
| 4 |
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
|
+$109M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.66% |
| 2 | Healthcare | 3.17% |
| 3 | Financials | 3.02% |
| 4 | Consumer Discretionary | 2.48% |
| 5 | Industrials | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Schwab US Large- Cap ETF
SCHX
$71.3B
| $88M | 0.08% |
5,914,311
+387,126
| +7% | +$6.27M |
|
227
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$7B
| $87.7M | 0.08% |
3,839,748
-269,714
| -7% | -$6.21M |
|
228
First Trust Managed Municipal ETF
FMB
$2.04B
| $85.8M | 0.08% |
1,695,553
-89,727
| -5% | -$4.6M |
|
229
Deere & Co
DE
$172B
| $85.7M | 0.08% |
286,102
+13,072
| +5% | +$4.81M |
|
230
Vanguard Extended Market ETF
VXF
$30.4B
| $85.4M | 0.08% |
651,561
+117,652
| +22% | +$17.1M |
|
231
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
| $85.1M | 0.08% |
858,828
+8,307
| +1% | +$827K |
|
232
iShares US Healthcare ETF
IYH
$3.46B
| $85M | 0.08% |
1,580,175
+89,550
| +6% | +$4.92M |
|
233
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $84.9M | 0.08% |
1,679,445
+258,851
| +18% | +$13.2M |
|
234
Waste Management
WM
$96B
| $84.9M | 0.08% |
554,654
+51,175
| +10% | +$8.02M |
|
235
Starbucks
SBUX
$118B
| $84.8M | 0.08% |
1,110,129
-54,559
| -5% | -$4.19M |
|
236
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.93B
| $84.4M | 0.08% |
894,091
-2,332
| -0.3% | -$238K |
|
237
Enbridge
ENB
$121B
| $84.1M | 0.08% |
1,990,360
+260,458
| +15% | +$11.6M |
|
238
Kimberly-Clark
KMB
$37.7B
| $84.1M | 0.08% |
622,000
+54,433
| +10% | +$7.17M |
|
239
Vanguard Total World Stock ETF
VT
$76.4B
| $83.4M | 0.08% |
977,847
+36,815
| +4% | +$3.4M |
|
240
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.74B
| $83M | 0.08% |
2,015,452
+286,740
| +17% | +$12.9M |
|
241
iShares Short-Term National Muni Bond ETF
SUB
$11.4B
| $83M | 0.08% |
792,675
+136,306
| +21% | +$14.2M |
|
242
iShares Russell Top 200 Growth ETF
IWY
$15.6B
| $82.7M | 0.08% |
660,563
+58,430
| +10% | +$8.02M |
|
243
Invesco S&P 500 Top 50 ETF
XLG
$10.4B
| $82.1M | 0.08% |
2,865,380
-38,150
| -1% | -$1.19M |
|
244
Invesco Preferred ETF
PGX
$3.81B
| $80.5M | 0.08% |
6,525,241
-1,056,062
| -14% | -$13.3M |
|
245
Invesco Short Term Treasury ETF
TBLL
$2.61B
| $79.1M | 0.08% |
748,743
+629,419
| +527% | +$66.4M |
|
246
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.29B
| $78.9M | 0.07% |
894,847
-29,629
| -3% | -$2.84M |
|
247
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $78.8M | 0.07% |
1,338,852
-231,101
| -15% | -$13.6M |
|
248
Advanced Micro Devices
AMD
$747B
| $78.8M | 0.07% |
1,030,381
+63,345
| +7% | +$5.93M |
|
249
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.07B
| $77.6M | 0.07% |
1,101,282
+247,669
| +29% | +$18.8M |
|
250
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $77.3M | 0.07% |
1,050,135
-229,050
| -18% | -$17.8M |
|
Similar funds
LPL Financial's Q2 2022 Portfolio in Review
As of Q2 2022, LPL Financial held 4,602 positions worth $105B, down 9.5% from $116B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $5.93B of net new capital in Q2 2022, opening 421 new positions and adding to 2,316 existing holdings. Its largest new stake was Dimensional US Core Equity 2 ETF: 14,943,726 shares worth $348M.
By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 6.3% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street Financial Select Sector SPDR ETF, an estimated $140M trimmed.
- LPL Financial's largest Q2 2022 buy was Dimensional US Core Equity 2 ETF: 14,943,726 shares worth $348M.
- LPL Financial added most to State Street Health Care Select Sector SPDR ETF in Q2 2022, an estimated $252M increase.
- LPL Financial's biggest Q2 2022 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $140M.
- LPL Financial fully exited MGM Growth Properties LLC Class A common shares representing limited liability company interests in Q2 2022, selling an estimated $4.43M.
- LPL Financial's ten largest holdings make up 18% of its $105B portfolio in Q2 2022.
- LPL Financial opened 421 new positions and closed 184 in Q2 2022.
- LPL Financial's portfolio value fell 9.5% quarter-over-quarter to $105B.
Based on LPL Financial's 13F filing for Q2 2022, filed 12 Aug 2022.