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
|
+$272M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$216M |
| 3 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$205M |
| 4 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$193M |
| 5 |
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
|
+$165M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Treasury Bond ETF
GOVT
|
+$363M |
| 2 |
iShares TIPS Bond ETF
TIP
|
+$162M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$100M |
| 4 |
HDV
iShares Core High Dividend ETF
HDV
|
+$89.5M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$77.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.07% |
| 2 | Healthcare | 3.26% |
| 3 | Financials | 3.13% |
| 4 | Industrials | 2.22% |
| 5 | Consumer Discretionary | 2.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2626
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.8B
| $1.02M | ﹤0.01% |
15,748
-1,735
| -10% | -$107K |
|
|
ISD
2627
PGIM High Yield Bond Fund
ISD
$417M
| $1.02M | ﹤0.01% |
85,947
-7,908
| -8% | -$95.3K |
|
2628
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$639M
| $1.02M | ﹤0.01% |
92,031
-24,458
| -21% | -$278K |
|
2629
Ryan Specialty Holdings
RYAN
$5.67B
| $1.02M | ﹤0.01% |
24,534
-16,329
| -40% | -$668K |
|
2630
Invesco BulletShares 2028 High Yield Corporate Bond ETF
BSJS
$734M
| $1.02M | ﹤0.01% |
49,226
-1,853
| -4% | -$38.5K |
|
2631
Nuveen Select Tax-Free Income Portfolio
NXP
$897M
| $1.02M | ﹤0.01% |
73,061
+17,796
| +32% | +$238K |
|
2632
ProShares Online Retail ETF
ONLN
$67.4M
| $1.02M | ﹤0.01% |
35,866
+4,551
| +15% | +$135K |
|
2633
LCI Industries
LCII
$2.59B
| $1.02M | ﹤0.01% |
10,721
-5,413
| -34% | -$531K |
|
2634
United Microelectronic
UMC
$52B
| $1.02M | ﹤0.01% |
155,470
+64,337
| +71% | +$426K |
|
2635
Fulgent Genetics
FLGT
$535M
| $1.01M | ﹤0.01% |
34,078
-5,454
| -14% | -$195K |
|
2636
FlexShares Global Quality Real Estate Index Fund
GQRE
$424M
| $1.01M | ﹤0.01% |
19,269
-2,382
| -11% | -$125K |
|
2637
CBIZ
CBZ
$2.99B
| $1.01M | ﹤0.01% |
21,623
| – | – |
|
2638
Spotify
SPOT
$99B
| $1.01M | ﹤0.01% |
12,820
+662
| +5% | +$53.4K |
|
2639
Franklin Investment Grade Corporate ETF
FLCO
$556M
| $1.01M | ﹤0.01% |
48,447
+19,536
| +68% | +$404K |
|
2640
Tradeweb Markets
TW
$21.7B
| $1.01M | ﹤0.01% |
15,570
+2,628
| +20% | +$154K |
|
2641
Wingstop
WING
$3.35B
| $1.01M | ﹤0.01% |
7,339
+1,938
| +36% | +$286K |
|
2642
First Trust India Nifty 50 Equal Weight ETF
NFTY
$119M
| $1.01M | ﹤0.01% |
23,118
+17,491
| +311% | +$785K |
|
2643
Sun Life Financial
SLF
$45.4B
| $1.01M | ﹤0.01% |
21,731
+1,542
| +8% | +$68.2K |
|
|
OEFA
2644
ALPS O'Shares International Developed Quality Dividend ETF
OEFA
$37.1M
| $1.01M | ﹤0.01% |
42,612
+31,701
| +291% | +$719K |
|
|
PCH
2645
DELISTED
PotlatchDeltic
PCH
| $1.01M | ﹤0.01% |
22,883
+8,838
| +63% | +$400K |
|
2646
JPMorgan BetaBuilders US Mid Cap Equity ETF
BBMC
$2.09B
| $1.01M | ﹤0.01% |
13,858
+6,390
| +86% | +$468K |
|
2647
Bloom Energy
BE
$67.9B
| $1M | ﹤0.01% |
52,545
-15,486
| -23% | -$304K |
|
2648
Zillow
Z
$8.23B
| $1M | ﹤0.01% |
31,118
+1,897
| +6% | +$62.8K |
|
2649
Chemed
CHE
$7.04B
| $1M | ﹤0.01% |
1,963
-96
| -5% | -$46.7K |
|
|
MUI
2650
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
| $998K | ﹤0.01% |
88,090
-43,641
| -33% | -$481K |
|
Similar funds
LPL Financial's Q4 2022 Portfolio in Review
As of Q4 2022, LPL Financial held 4,669 positions worth $117B, up 13% from $104B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $6.24B of net new capital in Q4 2022, opening 252 new positions and adding to 2,329 existing holdings. Its largest new stake was First Trust Limited Duration Investment Grade Corporate ETF: 1,813,651 shares worth $33.9M.
By sector, the portfolio is most concentrated in Technology at 5.1% of assets, down from 5.5% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was iShares US Treasury Bond ETF, an estimated $363M trimmed.
- LPL Financial's largest Q4 2022 buy was First Trust Limited Duration Investment Grade Corporate ETF: 1,813,651 shares worth $33.9M.
- LPL Financial added most to iShares MBS ETF in Q4 2022, an estimated $272M increase.
- LPL Financial's biggest Q4 2022 reduction was iShares US Treasury Bond ETF, cutting an estimated $363M.
- LPL Financial fully exited iShares iBonds Dec 2022 Term Corporate ETF in Q4 2022, selling an estimated $26.9M.
- LPL Financial's ten largest holdings make up 17% of its $117B portfolio in Q4 2022.
- LPL Financial opened 252 new positions and closed 216 in Q4 2022.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $117B.
Based on LPL Financial's 13F filing for Q4 2022, filed 7 Feb 2023.