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 Core S&P Small-Cap ETF
IJR
|
+$570M |
| 2 |
SCHR
Schwab Intermediately-Term US Treasury ETF
SCHR
|
+$501M |
| 3 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$240M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$239M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$236M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$392M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$284M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$266M |
| 4 |
iShares S&P Small-Cap 600 Value ETF
IJS
|
+$130M |
| 5 |
State Street DoubleLine Total Return Tactical ETF
TOTL
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.54% |
| 2 | Healthcare | 3.12% |
| 3 | Financials | 3.03% |
| 4 | Consumer Discretionary | 2.7% |
| 5 | Industrials | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Invesco Preferred ETF
PGX
$3.79B
| $68.4M | 0.07% |
5,757,825
-767,416
| -12% | -$9.66M |
|
277
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$921M
| $68.1M | 0.07% |
1,613,894
+60,631
| +4% | +$2.71M |
|
278
Global X US Infrastructure Development ETF
PAVE
$13.5B
| $67.8M | 0.07% |
2,938,725
-342,631
| -10% | -$8.6M |
|
279
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.19B
| $67.8M | 0.07% |
1,896,820
+113,938
| +6% | +$4.37M |
|
280
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $66.9M | 0.06% |
1,355,060
+201,772
| +17% | +$10M |
|
281
Invesco FTSE RAFI US 1000 ETF
PRF
$9.72B
| $66.8M | 0.06% |
2,405,060
+219,930
| +10% | +$6.76M |
|
282
Vanguard Russell 1000 Value ETF
VONV
$20.5B
| $66.5M | 0.06% |
1,114,575
+159,273
| +17% | +$10.5M |
|
283
Dominion Energy
D
$62.1B
| $66.4M | 0.06% |
960,365
+107,554
| +13% | +$8.68M |
|
284
iShares US Aerospace & Defense ETF
ITA
$14B
| $66.1M | 0.06% |
725,121
+862
| +0.1% | +$87.1K |
|
285
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
$569M
| $66M | 0.06% |
1,158,907
+252,930
| +28% | +$15.4M |
|
286
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.6B
| $65.4M | 0.06% |
1,705,986
+59,988
| +4% | +$2.44M |
|
287
Altria Group
MO
$125B
| $64.9M | 0.06% |
1,607,517
+74,168
| +5% | +$3.24M |
|
288
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.35B
| $63.8M | 0.06% |
1,119,647
-59,415
| -5% | -$3.73M |
|
289
iShares Biotechnology ETF
IBB
$9.45B
| $63.6M | 0.06% |
543,533
+39,912
| +8% | +$4.96M |
|
290
Morgan Stanley
MS
$319B
| $63.1M | 0.06% |
798,261
+103,080
| +15% | +$8.69M |
|
291
Nike
NKE
$64.1B
| $62.5M | 0.06% |
751,951
+37,483
| +5% | +$4.04M |
|
292
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.41B
| $62.5M | 0.06% |
987,097
+5,748
| +0.6% | +$387K |
|
293
Invesco S&P MidCap Momentum ETF
XMMO
$6.9B
| $62M | 0.06% |
888,792
+117,897
| +15% | +$9.02M |
|
294
Invesco S&P 500 Revenue ETF
RWL
$9.57B
| $61.8M | 0.06% |
920,463
+197,125
| +27% | +$14.5M |
|
295
Avantis US Small Cap Value ETF
AVUV
$30.3B
| $61.7M | 0.06% |
932,725
+385,762
| +71% | +$28.1M |
|
296
Ford
F
$60.9B
| $61.5M | 0.06% |
5,489,582
+488,307
| +10% | +$6.83M |
|
297
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
| $61.1M | 0.06% |
696,040
+33,756
| +5% | +$3.14M |
|
298
Danaher
DHR
$138B
| $61.1M | 0.06% |
266,752
-25
| -0% | -$6.12K |
|
299
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.56B
| $61.1M | 0.06% |
845,464
-25,302
| -3% | -$2.01M |
|
300
PUT
Invesco QQQ Trust
QQQ
$436B
| $60.2M | 0.06% |
225,400
+171,200
| +316% | +$51.7M |
|
Similar funds
LPL Financial's Q3 2022 Portfolio in Review
As of Q3 2022, LPL Financial held 4,600 positions worth $104B, down 1.5% from $105B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $4.57B of net new capital in Q3 2022, opening 186 new positions and adding to 2,380 existing holdings. Its largest new stake was CCM Affordable Housing MBS ETF: 315,165 shares worth $5.32M.
By sector, the portfolio is most concentrated in Technology at 5.5% of assets, down from 5.7% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street Blackstone Senior Loan ETF, an estimated $392M trimmed.
- LPL Financial's largest Q3 2022 buy was CCM Affordable Housing MBS ETF: 315,165 shares worth $5.32M.
- LPL Financial added most to iShares Core S&P Small-Cap ETF in Q3 2022, an estimated $570M increase.
- LPL Financial's biggest Q3 2022 reduction was State Street Blackstone Senior Loan ETF, cutting an estimated $392M.
- LPL Financial fully exited Global X MSCI China Consumer Staples ETF in Q3 2022, selling an estimated $8.9M.
- LPL Financial's ten largest holdings make up 18% of its $104B portfolio in Q3 2022.
- LPL Financial opened 186 new positions and closed 183 in Q3 2022.
- LPL Financial's portfolio value fell 1.5% quarter-over-quarter to $104B.
Based on LPL Financial's 13F filing for Q3 2022, filed 14 Nov 2022.