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 | |
|---|---|---|---|---|---|---|
2751
Honda
HMC
$39.1B
| $861K | ﹤0.01% |
37,649
+7,253
| +24% | +$168K |
|
2752
Nuveen Arizona Quality Municipal Income Fund
NAZ
$157M
| $860K | ﹤0.01% |
77,057
-55,006
| -42% | -$660K |
|
2753
State Street SPDR S&P Kensho Intelligent Structures ETF
SIMS
$8.84M
| $859K | ﹤0.01% |
26,291
-2,746
| -9% | -$93K |
|
|
NXJ
2754
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
| $859K | ﹤0.01% |
76,014
-7,502
| -9% | -$83.8K |
|
2755
California Water Service
CWT
$3.11B
| $856K | ﹤0.01% |
14,124
+1,081
| +8% | +$64.9K |
|
2756
DNOW Inc
DNOW
$2.63B
| $856K | ﹤0.01% |
67,371
+781
| +1% | +$9.46K |
|
2757
AtriCure
ATRC
$1.98B
| $855K | ﹤0.01% |
19,270
-2,385
| -11% | -$99.6K |
|
2758
uniQure
QURE
$3.03B
| $855K | ﹤0.01% |
+37,718
| New | +$814K |
|
2759
Progress Software
PRGS
$1.72B
| $855K | ﹤0.01% |
16,946
-32,283
| -66% | -$1.61M |
|
2760
VanEck Morningstar International Moat ETF
MOTI
$75.6M
| $855K | ﹤0.01% |
29,540
-558,782
| -95% | -$15.6M |
|
2761
AeroVironment
AVAV
$8.55B
| $854K | ﹤0.01% |
9,975
-783
| -7% | -$67K |
|
2762
HCM Defender 500 Index ETF
LGH
$604M
| $854K | ﹤0.01% |
25,621
+4,649
| +22% | +$158K |
|
2763
Univest Financial
UVSP
$1.24B
| $854K | ﹤0.01% |
32,680
+15,610
| +91% | +$419K |
|
2764
IQ Candriam International Equity ETF
IQSI
$273M
| $853K | ﹤0.01% |
34,402
+1,031
| +3% | +$24.4K |
|
|
KIO
2765
KKR Income Opportunities Fund
KIO
$452M
| $853K | ﹤0.01% |
77,442
-22,610
| -23% | -$253K |
|
2766
Rush Enterprises Class A
RUSHA
$6.43B
| $852K | ﹤0.01% |
24,454
+6,361
| +35% | +$211K |
|
|
CHX
2767
DELISTED
ChampionX
CHX
| $852K | ﹤0.01% |
29,382
-6,349
| -18% | -$175K |
|
2768
Oshkosh
OSK
$9.68B
| $851K | ﹤0.01% |
9,651
+384
| +4% | +$33K |
|
2769
Fidelity Low Duration Bond Factor ETF
FLDR
$1.98B
| $851K | ﹤0.01% |
17,198
+5,875
| +52% | +$290K |
|
2770
Mayville Engineering Co
MEC
$707M
| $851K | ﹤0.01% |
67,215
| – | – |
|
2771
POSCO
PKX
$16.5B
| $850K | ﹤0.01% |
15,610
-265
| -2% | -$13.1K |
|
2772
Dycom Industries
DY
$12.5B
| $849K | ﹤0.01% |
+9,066
| New | +$913K |
|
2773
Fidelity Small-Mid Multifactor ETF
FSMD
$2.59B
| $848K | ﹤0.01% |
27,061
+702
| +3% | +$22.1K |
|
2774
Excelerate Energy
EE
$1.25B
| $841K | ﹤0.01% |
33,580
-4,831
| -13% | -$127K |
|
|
HPS
2775
John Hancock Preferred Income Fund III
HPS
$459M
| $839K | ﹤0.01% |
58,136
+5,491
| +10% | +$80K |
|
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.