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 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$757M |
| 2 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$687M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$513M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$300M |
| 5 |
iShares Core Universal USD Bond ETF
IUSB
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$521M |
| 2 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$436M |
| 3 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$391M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$373M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$216M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.35% |
| 2 | Financials | 3.13% |
| 3 | Consumer Discretionary | 2.91% |
| 4 | Healthcare | 2.88% |
| 5 | Industrials | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
iShares Short Maturity Bond ETF
NEAR
$4.83B
| $59.3M | 0.05% |
1,197,220
+108,382
| +10% | +$5.39M |
|
327
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.35B
| $59.1M | 0.05% |
1,251,257
+125,199
| +11% | +$5.71M |
|
328
Goldman Sachs Access Investment Grade Corporate Bond ETF
GIGB
$968M
| $59M | 0.05% |
1,183,365
-372,838
| -24% | -$19.1M |
|
329
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $58.9M | 0.05% |
534,010
+15,288
| +3% | +$1.69M |
|
330
FedEx
FDX
$73B
| $58.6M | 0.05% |
253,129
+40,078
| +19% | +$9.42M |
|
331
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $57.8M | 0.05% |
1,159,084
-452,105
| -28% | -$22.6M |
|
332
Elevance Health
ELV
$81.6B
| $57.2M | 0.05% |
116,443
+2,669
| +2% | +$1.22M |
|
333
Vanguard International Dividend Appreciation ETF
VIGI
$9.15B
| $57.2M | 0.05% |
723,544
+130,688
| +22% | +$10.4M |
|
334
Morgan Stanley
MS
$330B
| $56.8M | 0.05% |
649,765
+8,216
| +1% | +$793K |
|
335
Dow Inc
DOW
$21.7B
| $56.7M | 0.05% |
889,961
+174,671
| +24% | +$10.5M |
|
336
John Hancock Multifactor Large Cap ETF
JHML
$1.16B
| $56.6M | 0.05% |
998,534
+301,219
| +43% | +$16.8M |
|
337
First Trust Technology AlphaDEX Fund
FXL
$2.5B
| $56.5M | 0.05% |
486,343
-45,533
| -9% | -$5.3M |
|
338
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.05B
| $55.7M | 0.05% |
900,317
-54,130
| -6% | -$3.35M |
|
339
WisdomTree US MidCap Dividend Fund
DON
$4.04B
| $55.5M | 0.05% |
1,250,288
+24,010
| +2% | +$1.05M |
|
340
American Electric Power
AEP
$69.5B
| $55.4M | 0.05% |
555,421
+84,876
| +18% | +$7.75M |
|
341
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $55.3M | 0.05% |
122,500
+44,200
| +56% | +$19.7M |
|
342
Williams Companies
WMB
$86.7B
| $55M | 0.05% |
1,645,960
+249,700
| +18% | +$7.63M |
|
343
Oneok
OKE
$56.1B
| $54.5M | 0.05% |
771,768
+33,616
| +5% | +$2.15M |
|
344
Shopify
SHOP
$159B
| $54.4M | 0.05% |
805,180
+157,360
| +24% | +$12.9M |
|
345
First Trust Water ETF
FIW
$1.85B
| $54.1M | 0.05% |
641,617
+59,561
| +10% | +$4.97M |
|
346
State Street US Sector Rotation ETF
XLSR
$999M
| $54M | 0.05% |
1,192,766
+426,372
| +56% | +$19M |
|
347
Texas Instruments
TXN
$255B
| $53.8M | 0.05% |
293,346
+2,499
| +0.9% | +$441K |
|
348
State Street SPDR S&P Metals & Mining ETF
XME
$3.92B
| $53.4M | 0.05% |
871,033
+449,380
| +107% | +$22.9M |
|
|
349
PUT
Invesco QQQ Trust
QQQ
$450B
| $52.7M | 0.05% |
145,400
+117,700
| +425% | +$41.8M |
|
350
First Trust Lunt US Factor Rotation ETF
FCTR
$53.7M
| $52.4M | 0.05% |
1,599,752
+188,152
| +13% | +$6.01M |
|
Similar funds
LPL Financial's Q1 2022 Portfolio in Review
As of Q1 2022, LPL Financial held 4,507 positions worth $116B, down 2.3% from $119B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial's Q1 2022 filing shows 176 new, 2,291 increased, 1,601 reduced and 331 closed positions. Its largest new stake was Janus Henderson AAA CLO ETF: 212,587 shares worth $10.7M. The largest sale was iShares Core MSCI Emerging Markets ETF, an estimated $521M.
By sector, the portfolio is most concentrated in Technology at 6.3% of assets, down from 6.8% a quarter earlier, followed by Financials and Consumer Discretionary.
- LPL Financial's largest Q1 2022 buy was Janus Henderson AAA CLO ETF: 212,587 shares worth $10.7M.
- LPL Financial added most to Vanguard Morningstar Total Stock Market ETF in Q1 2022, an estimated $757M increase.
- LPL Financial's biggest Q1 2022 reduction was iShares Core MSCI Emerging Markets ETF, cutting an estimated $521M.
- LPL Financial fully exited Dimensional US Core Equity 2 ETF in Q1 2022, selling an estimated $391M.
- LPL Financial's ten largest holdings make up 19% of its $116B portfolio in Q1 2022.
- LPL Financial opened 176 new positions and closed 331 in Q1 2022.
- LPL Financial's portfolio value fell 2.3% quarter-over-quarter to $116B.
Based on LPL Financial's 13F filing for Q1 2022, filed 16 May 2022.