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 | |
|---|---|---|---|---|---|---|
251
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $87.5M | 0.07% |
1,962,064
-46,138
| -2% | -$2.07M |
|
252
ConocoPhillips
COP
$144B
| $86.4M | 0.07% |
732,126
+60,832
| +9% | +$7.39M |
|
253
Invesco S&P 500 Revenue ETF
RWL
$9.57B
| $86.2M | 0.07% |
1,166,019
+245,556
| +27% | +$18.2M |
|
254
State Street Materials Select Sector SPDR ETF
XLB
$8.72B
| $85.9M | 0.07% |
2,210,844
+94,816
| +4% | +$3.64M |
|
255
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.26B
| $85.8M | 0.07% |
938,994
+55,529
| +6% | +$5.15M |
|
256
Vanguard Total World Stock ETF
VT
$75.3B
| $85.3M | 0.07% |
989,171
-25,532
| -3% | -$2.18M |
|
257
Elevance Health
ELV
$81.5B
| $84.7M | 0.07% |
165,081
+11,516
| +7% | +$5.85M |
|
258
Automatic Data Processing
ADP
$109B
| $83.7M | 0.07% |
350,525
+27,266
| +8% | +$6.69M |
|
259
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.1B
| $83.6M | 0.07% |
2,086,889
-291,427
| -12% | -$11.7M |
|
260
iShares Biotechnology ETF
IBB
$9.45B
| $83M | 0.07% |
632,230
+88,697
| +16% | +$11.5M |
|
261
Salesforce
CRM
$154B
| $82.8M | 0.07% |
624,104
-45,282
| -7% | -$6.61M |
|
262
Vanguard Extended Market ETF
VXF
$30B
| $82.7M | 0.07% |
622,181
-21,877
| -3% | -$2.96M |
|
263
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
$6.97B
| $82.4M | 0.07% |
3,799,001
+438,980
| +13% | +$9.47M |
|
264
Invesco S&P 500 Top 50 ETF
XLG
$10.2B
| $81.3M | 0.07% |
2,947,060
+81,990
| +3% | +$2.31M |
|
265
Nike
NKE
$64.1B
| $81.3M | 0.07% |
694,017
-57,934
| -8% | -$5.83M |
|
266
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $78.9M | 0.07% |
1,072,149
+35,448
| +3% | +$2.61M |
|
267
Janus Henderson Short Duration Income ETF
VNLA
$3.34B
| $78.6M | 0.07% |
1,658,859
+684,932
| +70% | +$33.2M |
|
268
Vanguard Russell 1000 Value ETF
VONV
$20.5B
| $78.6M | 0.07% |
1,180,244
+65,669
| +6% | +$4.31M |
|
269
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.56B
| $78.3M | 0.07% |
977,538
+132,074
| +16% | +$10.5M |
|
270
Altria Group
MO
$125B
| $78.2M | 0.07% |
1,710,526
+103,009
| +6% | +$4.67M |
|
271
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $77.9M | 0.07% |
1,573,987
-63,966
| -4% | -$3.14M |
|
272
Accenture
ACN
$106B
| $77.9M | 0.07% |
291,982
+22,028
| +8% | +$6.09M |
|
273
iShares Silver Trust
SLV
$27.7B
| $77.7M | 0.07% |
3,527,902
+226,510
| +7% | +$4.44M |
|
274
Advanced Micro Devices
AMD
$700B
| $77M | 0.07% |
1,188,906
+74,779
| +7% | +$4.94M |
|
|
BSCO
275
DELISTED
Invesco BulletShares 2024 Corporate Bond ETF
BSCO
| $76.9M | 0.07% |
3,755,313
+1,966,589
| +110% | +$40.2M |
|
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.