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 | |
|---|---|---|---|---|---|---|
2951
Banco Bradesco
BBD
$37.9B
| $698K | ﹤0.01% |
242,348
-122,661
| -34% | -$397K |
|
2952
NMI Holdings
NMIH
$3.34B
| $698K | ﹤0.01% |
33,391
-1,834
| -5% | -$38.4K |
|
2953
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$324M
| $697K | ﹤0.01% |
29,310
+3,976
| +16% | +$95K |
|
|
ALTR
2954
DELISTED
Altair Engineering Inc
ALTR
| $697K | ﹤0.01% |
15,288
+12
| +0.1% | +$561 |
|
2955
Shake Shack
SHAK
$2.67B
| $697K | ﹤0.01% |
16,779
-2,404
| -13% | -$117K |
|
2956
Beam Therapeutics
BEAM
$2.92B
| $696K | ﹤0.01% |
17,807
+2,907
| +20% | +$130K |
|
2957
New England Realty Associates
NEN
$200M
| $696K | ﹤0.01% |
9,802
| – | – |
|
2958
Blackstone Secured Lending
BXSL
$5.53B
| $695K | ﹤0.01% |
31,108
+11,249
| +57% | +$264K |
|
2959
Invesco Municipal Trust
VKQ
$542M
| $695K | ﹤0.01% |
70,223
+18,917
| +37% | +$176K |
|
2960
Fidelity International High Dividend ETF
FIDI
$361M
| $695K | ﹤0.01% |
37,275
+2,033
| +6% | +$35.9K |
|
2961
BlackRock Capital Allocation Term Trust
BCAT
$1.68B
| $694K | ﹤0.01% |
50,072
+5,404
| +12% | +$76.3K |
|
|
MQT
2962
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| $694K | ﹤0.01% |
67,943
-818
| -1% | -$8.21K |
|
2963
Globalstar
GSAT
$10.8B
| $694K | ﹤0.01% |
34,782
+9,648
| +38% | +$254K |
|
2964
Pacer Swan SOS Fund of Funds ETF
PSFF
$599M
| $693K | ﹤0.01% |
31,725
-1,500
| -5% | -$32.4K |
|
2965
WSFS Financial
WSFS
$4.21B
| $693K | ﹤0.01% |
15,287
+494
| +3% | +$23.2K |
|
2966
Vanguard Total World Bond ETF
BNDW
$1.89B
| $691K | ﹤0.01% |
10,303
-7,573
| -42% | -$511K |
|
2967
Inspire International ETF
WWJD
$568M
| $690K | ﹤0.01% |
26,485
+9,233
| +54% | +$229K |
|
2968
Middleby
MIDD
$6.27B
| $690K | ﹤0.01% |
5,153
+1
| +0% | +$136 |
|
2969
Investar Holding Corp
ISTR
$421M
| $690K | ﹤0.01% |
32,042
-4,650
| -13% | -$99.7K |
|
2970
Xerox
XRX
$424M
| $689K | ﹤0.01% |
47,207
+2,396
| +5% | +$36.1K |
|
|
SPR
2971
DELISTED
Spirit AeroSystems
SPR
| $688K | ﹤0.01% |
23,259
-70,224
| -75% | -$1.82M |
|
|
CIM
2972
Chimera Investment
CIM
$1.06B
| $688K | ﹤0.01% |
41,706
+347
| +0.8% | +$6.47K |
|
2973
CVR Partners
UAN
$1.33B
| $687K | ﹤0.01% |
6,831
+1,487
| +28% | +$175K |
|
|
TTM
2974
DELISTED
Tata Motors Limited
TTM
| $687K | ﹤0.01% |
29,721
-2,351
| -7% | -$58.9K |
|
2975
Evolent Health
EVH
$350M
| $685K | ﹤0.01% |
24,412
-742
| -3% | -$21.3K |
|
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.