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 | |
|---|---|---|---|---|---|---|
251
First Trust Financials AlphaDEX Fund
FXO
$1.15B
| $77.1M | 0.07% |
1,983,407
-178,139
| -8% | -$7.52M |
|
252
VanEck Semiconductor ETF
SMH
$63.8B
| $76.7M | 0.07% |
753,008
+27,720
| +4% | +$3.22M |
|
|
VPU
253
Vanguard Utilities ETF
VPU
$8.68B
| $76.7M | 0.07% |
503,176
+32,200
| +7% | +$5.07M |
|
254
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.79B
| $76.6M | 0.07% |
1,265,315
+207,953
| +20% | +$13.6M |
|
|
SCHV
255
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $76.4M | 0.07% |
3,673,140
-38,796
| -1% | -$871K |
|
256
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $76.1M | 0.07% |
201,600
+79,100
| +65% | +$32.4M |
|
257
Global X US Infrastructure Development ETF
PAVE
$14.1B
| $74.7M | 0.07% |
3,281,356
-262,520
| -7% | -$6.72M |
|
258
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.32B
| $74.6M | 0.07% |
1,179,062
-87,919
| -7% | -$5.91M |
|
259
Global X Lithium & Battery Tech ETF
LIT
$1.46B
| $73.7M | 0.07% |
1,014,284
+19,026
| +2% | +$1.35M |
|
260
Blackstone
BX
$107B
| $73.6M | 0.07% |
807,162
-46,702
| -5% | -$5.04M |
|
261
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.42B
| $73.6M | 0.07% |
1,667,673
+416,416
| +33% | +$19.4M |
|
262
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.27B
| $73.1M | 0.07% |
694,029
+53,026
| +8% | +$6.01M |
|
263
Nike
NKE
$63.9B
| $73.1M | 0.07% |
714,468
+50,712
| +8% | +$6M |
|
|
264
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.17B
| $73M | 0.07% |
1,782,882
-2,579,745
| -59% | -$109M |
|
265
Vanguard S&P 500 Growth ETF
VOOG
$25.2B
| $72.1M | 0.07% |
1,986,960
+177,780
| +10% | +$7.07M |
|
266
iShares US Aerospace & Defense ETF
ITA
$14.5B
| $71.8M | 0.07% |
724,259
+115,872
| +19% | +$11.9M |
|
267
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $71.7M | 0.07% |
1,908,422
+93,031
| +5% | +$3.51M |
|
268
Honeywell
HON
$78.3B
| $71.6M | 0.07% |
437,156
+25,644
| +6% | +$4.6M |
|
269
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| $70.4M | 0.07% |
1,410,314
-145,002
| -9% | -$7.27M |
|
270
iShares Russell 2000 Growth ETF
IWO
$14.4B
| $69.6M | 0.07% |
337,295
+5,914
| +2% | +$1.32M |
|
|
271
iShares ESG Aware MSCI EM ETF
ESGE
$6.41B
| $69.5M | 0.07% |
2,150,484
-4,119,926
| -66% | -$140M |
|
272
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$925M
| $69.4M | 0.07% |
1,553,263
-23,692
| -2% | -$1.08M |
|
273
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $68.9M | 0.07% |
807,490
-259,466
| -24% | -$23.5M |
|
274
Northrop Grumman
NOC
$78B
| $68.9M | 0.07% |
143,923
+10,054
| +8% | +$4.62M |
|
275
Wells Fargo
WFC
$263B
| $68.5M | 0.07% |
1,748,269
-1,476
| -0.1% | -$64.8K |
|
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.