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 | |
|---|---|---|---|---|---|---|
351
CSX Corp
CSX
$93.4B
| $51.5M | 0.04% |
1,376,347
+70,563
| +5% | +$2.5M |
|
352
State Street SPDR S&P Biotech ETF
XBI
$9.95B
| $51.4M | 0.04% |
572,349
-5,766
| -1% | -$532K |
|
353
W.P. Carey
WPC
$16.8B
| $51.4M | 0.04% |
649,024
+10,801
| +2% | +$829K |
|
354
Truist Financial
TFC
$63.3B
| $51M | 0.04% |
899,457
+109,611
| +14% | +$6.77M |
|
355
Intuitive Surgical
ISRG
$127B
| $50.9M | 0.04% |
168,682
-3,130
| -2% | -$914K |
|
356
Invesco S&P 500 Pure Growth ETF
RPG
$2.01B
| $50.6M | 0.04% |
1,376,935
-262,680
| -16% | -$9.6M |
|
357
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $50.5M | 0.04% |
551,709
-18,792
| -3% | -$1.72M |
|
358
General Mills
GIS
$19.1B
| $50.5M | 0.04% |
745,669
+10,000
| +1% | +$671K |
|
359
ConocoPhillips
COP
$147B
| $50.2M | 0.04% |
502,406
+76,753
| +18% | +$7.06M |
|
360
First Trust Materials AlphaDEX Fund
FXZ
$368M
| $50.1M | 0.04% |
699,756
+275,626
| +65% | +$17.7M |
|
361
iShares US Transportation ETF
IYT
$2.26B
| $49.7M | 0.04% |
735,756
+253,772
| +53% | +$16.7M |
|
362
Invesco S&P 500 Revenue ETF
RWL
$9.62B
| $49.6M | 0.04% |
615,124
+38,051
| +7% | +$3M |
|
363
TSMC
TSM
$2.1T
| $49.5M | 0.04% |
474,615
+88,657
| +23% | +$10.4M |
|
364
Vanguard Morningstar Mega Cap ETF
MGC
$9.99B
| $49.3M | 0.04% |
310,255
-8,640
| -3% | -$1.36M |
|
365
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.17B
| $49.2M | 0.04% |
1,304,376
+37,300
| +3% | +$1.41M |
|
366
Gilead Sciences
GILD
$162B
| $48.4M | 0.04% |
814,679
+46,842
| +6% | +$2.99M |
|
367
First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF
FPXI
$274M
| $48.4M | 0.04% |
991,598
-242,071
| -20% | -$12.3M |
|
368
Illinois Tool Works
ITW
$82.6B
| $48.1M | 0.04% |
229,870
+15,319
| +7% | +$3.43M |
|
369
Freeport-McMoran
FCX
$90B
| $48.1M | 0.04% |
966,240
+253,558
| +36% | +$11.2M |
|
370
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.8B
| $48M | 0.04% |
646,583
-141,069
| -18% | -$10.4M |
|
371
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $47.9M | 0.04% |
872,967
-231,079
| -21% | -$13.1M |
|
372
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.6B
| $47.7M | 0.04% |
758,675
-83,253
| -10% | -$5.38M |
|
373
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.89B
| $47.7M | 0.04% |
1,816,363
-276,658
| -13% | -$7.33M |
|
374
American Tower
AMT
$80.8B
| $47.2M | 0.04% |
187,739
+4,781
| +3% | +$1.17M |
|
375
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.9B
| $46.7M | 0.04% |
1,066,728
+410,542
| +63% | +$18.2M |
|
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.