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 | |
|---|---|---|---|---|---|---|
326
Texas Instruments
TXN
$248B
| $54.3M | 0.05% |
350,837
+42,432
| +14% | +$7.12M |
|
327
State Street SPDR S&P Regional Banking ETF
KRE
$4.51B
| $54.3M | 0.05% |
921,654
-169,130
| -16% | -$10.6M |
|
328
Oracle
ORCL
$339B
| $53.7M | 0.05% |
879,093
+30,961
| +4% | +$2.27M |
|
329
JPMorgan BetaBuilders US Equity ETF
BBUS
$8.63B
| $53.5M | 0.05% |
831,519
+671,438
| +419% | +$48M |
|
330
Amplify CWP Enhanced Dividend Income ETF
DIVO
$7.45B
| $53.3M | 0.05% |
1,664,264
+290,286
| +21% | +$10M |
|
331
VanEck Gold Miners ETF
GDX
$22.5B
| $52.7M | 0.05% |
2,183,515
-126,869
| -5% | -$3.21M |
|
332
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $52.6M | 0.05% |
1,508,467
-117,802
| -7% | -$4.6M |
|
333
State Street SPDR MSCI USA StrategicFactors ETF
QUS
$1.52B
| $52.5M | 0.05% |
517,188
+8,519
| +2% | +$955K |
|
334
Illinois Tool Works
ITW
$84.1B
| $52.4M | 0.05% |
290,128
+17,718
| +7% | +$3.5M |
|
335
Invesco S&P 500 GARP ETF
SPGP
$2.25B
| $52.3M | 0.05% |
699,201
+227,100
| +48% | +$18.9M |
|
336
Medtronic
MDT
$112B
| $52.1M | 0.05% |
645,056
+30,756
| +5% | +$2.76M |
|
337
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.33B
| $51.9M | 0.05% |
494,511
-4,410
| -0.9% | -$536K |
|
338
iShares ESG Aware MSCI EM ETF
ESGE
$6.27B
| $51.8M | 0.05% |
1,870,591
-279,893
| -13% | -$8.73M |
|
339
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.04B
| $51.6M | 0.05% |
1,021,421
+57,024
| +6% | +$3.18M |
|
340
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.6B
| $51.6M | 0.05% |
818,073
+706
| +0.1% | +$48.7K |
|
341
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $51.3M | 0.05% |
705,001
+71,407
| +11% | +$5.8M |
|
342
Vanguard International Dividend Appreciation ETF
VIGI
$9.01B
| $51.2M | 0.05% |
825,270
+44,134
| +6% | +$3.02M |
|
343
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$1.93B
| $50.6M | 0.05% |
2,054,660
-166,782
| -8% | -$4.66M |
|
344
3M
MMM
$91.8B
| $49.9M | 0.05% |
539,713
-9,561
| -2% | -$1.05M |
|
345
American Tower
AMT
$83.5B
| $49.3M | 0.05% |
229,503
+7,262
| +3% | +$1.87M |
|
346
FS KKR Capital
FSK
$3.01B
| $49.2M | 0.05% |
2,904,942
+91,136
| +3% | +$1.9M |
|
347
Palo Alto Networks
PANW
$256B
| $48.4M | 0.05% |
591,494
+26,492
| +5% | +$2.29M |
|
348
Intuit
INTU
$91.1B
| $48.4M | 0.05% |
125,004
+27,136
| +28% | +$11.7M |
|
349
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.76B
| $48.4M | 0.05% |
802,104
+152,335
| +23% | +$10.1M |
|
350
Air Products & Chemicals
APD
$65.5B
| $48.2M | 0.05% |
207,268
+21,299
| +11% | +$5.27M |
|
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.