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 | |
|---|---|---|---|---|---|---|
301
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.37B
| $60.1M | 0.06% |
749,214
+26,798
| +4% | +$2.39M |
|
302
First Trust Cloud Computing ETF
SKYY
$2.83B
| $59.9M | 0.06% |
991,607
-7,083
| -0.7% | -$490K |
|
303
PGIM Ultra Short Bond ETF
PULS
$17.7B
| $59.9M | 0.06% |
1,219,657
+679,672
| +126% | +$33.3M |
|
304
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $59.8M | 0.06% |
148,886
-3,564
| -2% | -$1.57M |
|
305
Truist Financial
TFC
$63.9B
| $59.5M | 0.06% |
1,367,007
+175,925
| +15% | +$8.46M |
|
306
American Express
AXP
$224B
| $59.5M | 0.06% |
440,870
+55,599
| +14% | +$8.42M |
|
307
iShares Morningstar Growth ETF
ILCG
$3B
| $58.8M | 0.06% |
1,218,080
-30,814
| -2% | -$1.67M |
|
308
VanEck Intermediate Muni ETF
ITM
$2.14B
| $58.7M | 0.06% |
1,349,090
+97,297
| +8% | +$4.45M |
|
309
Williams Companies
WMB
$85.8B
| $58.1M | 0.06% |
2,028,935
+163,522
| +9% | +$5.33M |
|
310
Realty Income
O
$61.1B
| $58.1M | 0.06% |
997,791
+58,030
| +6% | +$4M |
|
311
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$417M
| $58M | 0.06% |
904,906
-469,841
| -34% | -$30.8M |
|
312
Goldman Sachs
GS
$289B
| $58M | 0.06% |
197,985
+10,948
| +6% | +$3.55M |
|
313
State Street US Sector Rotation ETF
XLSR
$983M
| $58M | 0.06% |
1,615,463
+163,140
| +11% | +$6.5M |
|
314
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $57.9M | 0.06% |
729,035
-78,455
| -10% | -$6.71M |
|
315
State Street SPDR S&P Biotech ETF
XBI
$10B
| $57.8M | 0.06% |
728,939
+24,899
| +4% | +$2.1M |
|
316
iShares Silver Trust
SLV
$27.7B
| $57.8M | 0.06% |
3,301,392
+37,065
| +1% | +$657K |
|
317
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.37B
| $57.4M | 0.06% |
1,210,618
+303,553
| +33% | +$14.7M |
|
318
Invesco DB US Dollar Index Bullish Fund
UUP
$423M
| $57.2M | 0.06% |
1,895,829
+725,374
| +62% | +$21M |
|
319
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.07B
| $56.8M | 0.05% |
2,166,011
-200,617
| -8% | -$5.55M |
|
320
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $56.6M | 0.05% |
158,600
-43,000
| -21% | -$17.1M |
|
321
W.P. Carey
WPC
$17B
| $56.1M | 0.05% |
820,315
+155,055
| +23% | +$12.7M |
|
322
Vanguard Energy ETF
VDE
$9.9B
| $56M | 0.05% |
551,692
-35,904
| -6% | -$3.82M |
|
323
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.34B
| $55.8M | 0.05% |
629,862
-10,498
| -2% | -$1M |
|
324
Blackrock
BLK
$167B
| $55.5M | 0.05% |
100,779
+2,652
| +3% | +$1.74M |
|
325
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.76B
| $54.6M | 0.05% |
943,499
-321,816
| -25% | -$20.5M |
|
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.