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 | |
|---|---|---|---|---|---|---|
2751
BancFirst
BANF
$3.83B
| $845K | ﹤0.01% |
10,150
| – | – |
|
|
PMM
2752
Franklin Managed Municipal Income Trust
PMM
$268M
| $845K | ﹤0.01% |
119,486
-13,485
| -10% | -$101K |
|
2753
Medpace
MEDP
$16.4B
| $844K | ﹤0.01% |
5,159
-2,450
| -32% | -$404K |
|
|
GAP
2754
The Gap Inc
GAP
$7.4B
| $843K | ﹤0.01% |
59,862
-21,728
| -27% | -$346K |
|
|
MNP
2755
DELISTED
Western Asset Municipal Partners Fund, Inc.
MNP
| $842K | ﹤0.01% |
62,483
-1,593
| -2% | -$22.9K |
|
2756
Kforce
KFRC
$1.05B
| $841K | ﹤0.01% |
11,372
-883
| -7% | -$63K |
|
2757
Reynolds Consumer Products
REYN
$5.64B
| $837K | ﹤0.01% |
28,521
+1,436
| +5% | +$43K |
|
2758
BNY Mellon US Mid Cap Core Equity ETF
BKMC
$667M
| $836K | ﹤0.01% |
27,843
+2,895
| +12% | +$85.6K |
|
|
DBL
2759
DoubleLine Opportunistic Credit Fund
DBL
$279M
| $835K | ﹤0.01% |
49,794
+1,110
| +2% | +$19.7K |
|
|
TTM
2760
DELISTED
Tata Motors Limited
TTM
| $835K | ﹤0.01% |
29,865
-3,928
| -12% | -$121K |
|
2761
Valley National Bancorp
VLY
$8.17B
| $834K | ﹤0.01% |
64,043
-4,546
| -7% | -$63.4K |
|
2762
ProShares MSCI EAFE Dividend Growers ETF
EFAD
$63.8M
| $833K | ﹤0.01% |
20,628
+382
| +2% | +$15.8K |
|
2763
Acadia Realty Trust
AKR
$2.95B
| $832K | ﹤0.01% |
38,400
| – | – |
|
2764
Wingstop
WING
$3.37B
| $832K | ﹤0.01% |
7,089
-2,052
| -22% | -$291K |
|
|
ORAN
2765
DELISTED
Orange
ORAN
| $832K | ﹤0.01% |
70,370
-7,854
| -10% | -$91.7K |
|
|
PCF
2766
High Income Securities Fund
PCF
$99.2M
| $831K | ﹤0.01% |
104,953
+10,077
| +11% | +$83.2K |
|
2767
Towne Bank
TOWN
$3.5B
| $830K | ﹤0.01% |
27,710
+3,130
| +13% | +$98.6K |
|
|
CHMI
2768
Cherry Hill Mortgage Investment Corp
CHMI
$89.6M
| $829K | ﹤0.01% |
107,338
-7,928
| -7% | -$62.8K |
|
2769
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
TLTE
$346M
| $829K | ﹤0.01% |
14,873
-17
| -0.1% | -$977 |
|
2770
Advanced Drainage Systems
WMS
$11.5B
| $828K | ﹤0.01% |
6,970
-633
| -8% | -$75.1K |
|
2771
Douglas Emmett
DEI
$1.98B
| $827K | ﹤0.01% |
24,753
+6,236
| +34% | +$205K |
|
|
NVMI
2772
Nova
NVMI
$12.8B
| $826K | ﹤0.01% |
7,590
-4,447
| -37% | -$519K |
|
2773
Barron's 400 ETF
BFOR
$238M
| $825K | ﹤0.01% |
55,600
-9,724
| -15% | -$145K |
|
2774
Invesco DB Precious Metals Fund
DBP
$250M
| $825K | ﹤0.01% |
15,930
-3,210
| -17% | -$161K |
|
2775
Lattice Semiconductor
LSCC
$18.2B
| $825K | ﹤0.01% |
13,536
-2,152
| -14% | -$129K |
|
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.