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 | |
|---|---|---|---|---|---|---|
2676
Pilgrim's Pride
PPC
$6.42B
| $963K | ﹤0.01% |
40,600
-928
| -2% | -$22.1K |
|
2677
WIX.com
WIX
$2.79B
| $963K | ﹤0.01% |
12,532
+7,623
| +155% | +$616K |
|
|
FBRT
2678
Franklin BSP Realty Trust
FBRT
$639M
| $962K | ﹤0.01% |
74,601
+4,059
| +6% | +$54.3K |
|
2679
SLM Corp
SLM
$5.24B
| $962K | ﹤0.01% |
57,966
+262
| +0.5% | +$4.29K |
|
2680
Invesco Municipal Opportunity Trust
VMO
$650M
| $962K | ﹤0.01% |
97,074
+26,626
| +38% | +$247K |
|
|
EVN
2681
Eaton Vance Municipal Income Trust
EVN
$419M
| $961K | ﹤0.01% |
97,338
+21,789
| +29% | +$214K |
|
2682
Appian
APPN
$2.09B
| $960K | ﹤0.01% |
29,473
-2,199
| -7% | -$86.7K |
|
|
ERF
2683
DELISTED
Enerplus Corporation
ERF
| $960K | ﹤0.01% |
54,367
-133
| -0.2% | -$2.28K |
|
2684
Commercial Vehicle Group
CVGI
$132M
| $958K | ﹤0.01% |
140,724
+4,020
| +3% | +$23.4K |
|
2685
Fidus Investment
FDUS
$777M
| $956K | ﹤0.01% |
50,240
+12,181
| +32% | +$232K |
|
2686
Wyndham Hotels & Resorts
WH
$5.64B
| $954K | ﹤0.01% |
13,380
+280
| +2% | +$19.8K |
|
2687
FNB Corp
FNB
$6.9B
| $953K | ﹤0.01% |
73,063
+14,881
| +26% | +$199K |
|
2688
InMode
INMD
$883M
| $950K | ﹤0.01% |
26,603
+7,460
| +39% | +$259K |
|
2689
Global Net Lease
GNL
$1.81B
| $949K | ﹤0.01% |
75,495
-6,886
| -8% | -$85.4K |
|
|
UCTT
2690
Ultra Clean Holdings
UCTT
$3.79B
| $949K | ﹤0.01% |
28,620
+1,131
| +4% | +$36.1K |
|
2691
ArcelorMittal
MT
$56.7B
| $949K | ﹤0.01% |
36,182
-3,475
| -9% | -$85.3K |
|
|
CGC
2692
Canopy Growth
CGC
$393M
| $946K | ﹤0.01% |
40,941
+1,725
| +4% | +$53.2K |
|
2693
Simplify US Equity PLUS Downside Convexity ETF
SPD
$110M
| $946K | ﹤0.01% |
38,993
-964,743
| -96% | -$24.3M |
|
2694
First Trust Dorsey Wright Momentum & Low Volatility ETF
DVOL
$74.2M
| $943K | ﹤0.01% |
35,894
-1,249
| -3% | -$32.3K |
|
|
ACRE
2695
Ares Commercial Real Estate
ACRE
$257M
| $943K | ﹤0.01% |
91,659
+62,727
| +217% | +$721K |
|
2696
Kohl's
KSS
$2.28B
| $943K | ﹤0.01% |
37,341
-28,643
| -43% | -$812K |
|
|
FPI
2697
Farmland Partners
FPI
$425M
| $942K | ﹤0.01% |
75,581
+3,927
| +5% | +$51.9K |
|
|
ARR
2698
Armour Residential REIT
ARR
$2.33B
| $941K | ﹤0.01% |
33,424
+17,594
| +111% | +$480K |
|
2699
Artisan Partners
APAM
$3.03B
| $941K | ﹤0.01% |
31,672
-674
| -2% | -$20.7K |
|
2700
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$720M
| $941K | ﹤0.01% |
27,099
+895
| +3% | +$30K |
|
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.