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 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$757M |
| 2 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$687M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$513M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$300M |
| 5 |
iShares Core Universal USD Bond ETF
IUSB
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$521M |
| 2 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$436M |
| 3 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$391M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$373M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$216M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.35% |
| 2 | Financials | 3.13% |
| 3 | Consumer Discretionary | 2.91% |
| 4 | Healthcare | 2.88% |
| 5 | Industrials | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2701
Natera
NTRA
$39.3B
| $891K | ﹤0.01% |
21,914
-4,776
| -18% | -$287K |
|
|
DAY
2702
DELISTED
Dayforce
DAY
| $891K | ﹤0.01% |
+13,030
| New | +$966K |
|
2703
Artisan Partners
APAM
$3.04B
| $887K | ﹤0.01% |
22,530
+86
| +0.4% | +$3.49K |
|
2704
STAAR Surgical
STAA
$1.14B
| $885K | ﹤0.01% |
11,079
-14,328
| -56% | -$1.07M |
|
|
LOUP
2705
Innovator Deepwater Frontier Tech ETF
LOUP
$213M
| $883K | ﹤0.01% |
19,222
-3,410
| -15% | -$159K |
|
2706
Commault Systems
CVLT
$5.52B
| $882K | ﹤0.01% |
13,296
-1,202
| -8% | -$79K |
|
2707
Goldman Sachs BDC
GSBD
$994M
| $882K | ﹤0.01% |
44,980
-7,193
| -14% | -$142K |
|
|
BHR
2708
Braemar Hotels & Resorts
BHR
$141M
| $880K | ﹤0.01% |
142,418
+98,150
| +222% | +$562K |
|
|
BLE
2709
DELISTED
BlackRock Municipal Income Trust II
BLE
| $879K | ﹤0.01% |
71,359
+9,561
| +15% | +$131K |
|
2710
Innovator US Equity Buffer ETF October
BOCT
$289M
| $877K | ﹤0.01% |
25,745
-1,212
| -4% | -$40.6K |
|
2711
Interactive Brokers
IBKR
$39.5B
| $876K | ﹤0.01% |
53,152
-11,964
| -18% | -$206K |
|
|
SAFM
2712
DELISTED
Sanderson Farms Inc
SAFM
| $876K | ﹤0.01% |
4,671
+1,107
| +31% | +$203K |
|
2713
State Street SPDR MSCI ACWI Climate Paris Aligned ETF
NZAC
$198M
| $875K | ﹤0.01% |
27,996
-12,332
| -31% | -$385K |
|
|
STEW
2714
SRH Total Return Fund
STEW
$1.8B
| $875K | ﹤0.01% |
58,974
-4,689
| -7% | -$66.9K |
|
2715
Ashland
ASH
$3.28B
| $874K | ﹤0.01% |
8,877
-465
| -5% | -$44.7K |
|
2716
Elbit Systems
ESLT
$40.5B
| $874K | ﹤0.01% |
3,963
-5
| -0.1% | -$944 |
|
2717
Haemonetics
HAE
$3.8B
| $874K | ﹤0.01% |
14,206
+2,685
| +23% | +$146K |
|
|
SYNH
2718
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $874K | ﹤0.01% |
10,793
-1,258
| -10% | -$106K |
|
|
VGR
2719
DELISTED
Vector Group Ltd.
VGR
| $873K | ﹤0.01% |
72,486
+5,395
| +8% | +$60K |
|
2720
Texas Roadhouse
TXRH
$13.7B
| $872K | ﹤0.01% |
10,464
+2,341
| +29% | +$200K |
|
2721
WisdomTree US Multifactor Fund
USMF
$303M
| $872K | ﹤0.01% |
21,276
+1,887
| +10% | +$76.3K |
|
2722
Group 1 Automotive
GPI
$3.31B
| $869K | ﹤0.01% |
5,177
+1,330
| +35% | +$242K |
|
2723
Victory Portfolios II VictoryShares Short-Term Bond ETF
USTB
$2.33B
| $868K | ﹤0.01% |
17,404
+646
| +4% | +$32.7K |
|
2724
Oaktree Specialty Lending
OCSL
$1.06B
| $866K | ﹤0.01% |
39,171
-2,789
| -7% | -$62.4K |
|
2725
United Natural Foods
UNFI
$2.91B
| $866K | ﹤0.01% |
21,033
+709
| +3% | +$29K |
|
Similar funds
LPL Financial's Q1 2022 Portfolio in Review
As of Q1 2022, LPL Financial held 4,507 positions worth $116B, down 2.3% from $119B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial's Q1 2022 filing shows 176 new, 2,291 increased, 1,601 reduced and 331 closed positions. Its largest new stake was Janus Henderson AAA CLO ETF: 212,587 shares worth $10.7M. The largest sale was iShares Core MSCI Emerging Markets ETF, an estimated $521M.
By sector, the portfolio is most concentrated in Technology at 6.3% of assets, down from 6.8% a quarter earlier, followed by Financials and Consumer Discretionary.
- LPL Financial's largest Q1 2022 buy was Janus Henderson AAA CLO ETF: 212,587 shares worth $10.7M.
- LPL Financial added most to Vanguard Morningstar Total Stock Market ETF in Q1 2022, an estimated $757M increase.
- LPL Financial's biggest Q1 2022 reduction was iShares Core MSCI Emerging Markets ETF, cutting an estimated $521M.
- LPL Financial fully exited Dimensional US Core Equity 2 ETF in Q1 2022, selling an estimated $391M.
- LPL Financial's ten largest holdings make up 19% of its $116B portfolio in Q1 2022.
- LPL Financial opened 176 new positions and closed 331 in Q1 2022.
- LPL Financial's portfolio value fell 2.3% quarter-over-quarter to $116B.
Based on LPL Financial's 13F filing for Q1 2022, filed 16 May 2022.