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 | |
|---|---|---|---|---|---|---|
3001
Halozyme
HALO
$9.87B
| $588K | ﹤0.01% |
14,882
-1,615
| -10% | -$71.4K |
|
|
VGR
3002
DELISTED
Vector Group Ltd.
VGR
| $588K | ﹤0.01% |
66,786
+1,258
| +2% | +$12.8K |
|
3003
CVR Energy
CVI
$3.35B
| $587K | ﹤0.01% |
20,255
+13,820
| +215% | +$436K |
|
3004
The Ensign Group
ENSG
$10.3B
| $587K | ﹤0.01% |
7,380
-3,102
| -30% | -$257K |
|
|
ETX
3005
Eaton Vance Municipal Income 2028 Term Trust
ETX
$199M
| $587K | ﹤0.01% |
31,416
+567
| +2% | +$11.4K |
|
|
RWT
3006
Redwood Trust
RWT
$589M
| $587K | ﹤0.01% |
102,220
+13,194
| +15% | +$102K |
|
|
AMWD
3007
DELISTED
American Woodmark
AMWD
| $586K | ﹤0.01% |
13,372
+3,116
| +30% | +$152K |
|
|
FT
3008
Franklin Universal Trust
FT
$199M
| $586K | ﹤0.01% |
92,619
+5,454
| +6% | +$41.5K |
|
3009
Xerox
XRX
$424M
| $586K | ﹤0.01% |
44,811
+6,364
| +17% | +$103K |
|
3010
Broadstone Net Lease
BNL
$4.06B
| $585K | ﹤0.01% |
37,639
+311
| +0.8% | +$6.31K |
|
3011
MYR Group
MYRG
$5.3B
| $584K | ﹤0.01% |
6,898
| – | – |
|
3012
iShares International Developed Real Estate ETF
IFGL
$83.3M
| $582K | ﹤0.01% |
30,582
+315
| +1% | +$6.98K |
|
3013
InterContinental Hotels
IHG
$23.3B
| $582K | ﹤0.01% |
+11,968
| New | +$676K |
|
3014
POSCO
PKX
$16.5B
| $581K | ﹤0.01% |
15,875
-3,621
| -19% | -$162K |
|
3015
Radware
RDWR
$1.21B
| $581K | ﹤0.01% |
26,658
+1,956
| +8% | +$43.6K |
|
|
IIGV
3016
DELISTED
Invesco Investment Grade Value ETF
IIGV
| $581K | ﹤0.01% |
26,376
-5,091
| -16% | -$119K |
|
3017
CALL
Apple
AAPL
$4.52T
| $580K | ﹤0.01% |
4,200
| – | – |
|
|
SMAR
3018
DELISTED
Smartsheet Inc.
SMAR
| $580K | ﹤0.01% |
16,866
-2,600
| -13% | -$88.1K |
|
|
NIQ
3019
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
| $580K | ﹤0.01% |
48,525
+710
| +1% | +$9.15K |
|
3020
FlexShares US Quality Large Cap Index Fund
QLC
$1.04B
| $579K | ﹤0.01% |
14,594
+2,613
| +22% | +$115K |
|
3021
Forward Air
FWRD
$484M
| $578K | ﹤0.01% |
6,402
+364
| +6% | +$35.7K |
|
3022
Novavax
NVAX
$1.26B
| $578K | ﹤0.01% |
31,768
+45
| +0.1% | +$1.95K |
|
3023
BNY Mellon International Equity ETF
BKIE
$1.32B
| $577K | ﹤0.01% |
32,358
+3,573
| +12% | +$71K |
|
3024
Chesapeake Utilities
CPK
$3.19B
| $576K | ﹤0.01% |
4,995
+358
| +8% | +$46.4K |
|
|
PCH
3025
DELISTED
PotlatchDeltic
PCH
| $576K | ﹤0.01% |
14,045
-1,208
| -8% | -$55.5K |
|
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.