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 MBS ETF
MBB
|
+$272M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$216M |
| 3 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$205M |
| 4 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$193M |
| 5 |
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
|
+$165M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Treasury Bond ETF
GOVT
|
+$363M |
| 2 |
iShares TIPS Bond ETF
TIP
|
+$162M |
| 3 |
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
|
+$100M |
| 4 |
HDV
iShares Core High Dividend ETF
HDV
|
+$89.5M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$77.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.07% |
| 2 | Healthcare | 3.26% |
| 3 | Financials | 3.13% |
| 4 | Industrials | 2.22% |
| 5 | Consumer Discretionary | 2.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BSCP
351
DELISTED
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
| $59.3M | 0.05% |
2,943,963
+1,121,940
| +62% | +$22.5M |
|
352
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $59.1M | 0.05% |
712,336
-16,603
| -2% | -$1.34M |
|
353
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
| $59.1M | 0.05% |
2,185,522
+19,511
| +0.9% | +$524K |
|
354
Invesco S&P SmallCap Value with Momentum ETF
XSVM
$677M
| $58.9M | 0.05% |
1,288,340
+207,733
| +19% | +$9.67M |
|
355
Vanguard Financials ETF
VFH
$13.5B
| $58.3M | 0.05% |
705,146
+58,259
| +9% | +$4.81M |
|
356
iShares US Energy ETF
IYE
$1.73B
| $57.7M | 0.05% |
1,241,068
+87,581
| +8% | +$4.09M |
|
357
British American Tobacco
BTI
$133B
| $57.6M | 0.05% |
1,440,432
+196,409
| +16% | +$7.72M |
|
358
Global X Lithium & Battery Tech ETF
LIT
$1.53B
| $57.5M | 0.05% |
980,276
-136,115
| -12% | -$9.09M |
|
359
iShares Morningstar Growth ETF
ILCG
$3.08B
| $57.4M | 0.05% |
1,179,676
-38,404
| -3% | -$1.92M |
|
360
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.39B
| $57.2M | 0.05% |
868,430
+43,086
| +5% | +$2.8M |
|
361
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.7B
| $56.9M | 0.05% |
832,994
+14,921
| +2% | +$1.03M |
|
362
American Electric Power
AEP
$69.5B
| $56.6M | 0.05% |
596,022
+73,925
| +14% | +$6.73M |
|
363
State Street SPDR MSCI USA StrategicFactors ETF
QUS
$1.53B
| $56.5M | 0.05% |
512,097
-5,091
| -1% | -$560K |
|
364
PayPal
PYPL
$49.3B
| $56.3M | 0.05% |
788,725
-66,450
| -8% | -$5.32M |
|
365
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.5B
| $55.9M | 0.05% |
2,501,481
+407,150
| +19% | +$9.11M |
|
366
Capital Group Growth ETF
CGGR
$23.7B
| $55.9M | 0.05% |
2,802,063
+1,240,999
| +79% | +$25.3M |
|
367
Mondelez International
MDLZ
$80.5B
| $55.8M | 0.05% |
836,763
+66,730
| +9% | +$4.22M |
|
368
Invesco S&P 500 Pure Value ETF
RPV
$1.65B
| $55.5M | 0.05% |
712,095
+141,181
| +25% | +$11M |
|
369
Global X S&P 500 Covered Call ETF
XYLD
$3.22B
| $55.4M | 0.05% |
1,406,002
+173,686
| +14% | +$6.91M |
|
370
Dow Inc
DOW
$21.7B
| $55.2M | 0.05% |
1,094,566
+95,813
| +10% | +$4.68M |
|
371
Clorox
CLX
$11.7B
| $55.1M | 0.05% |
392,476
+25,372
| +7% | +$3.6M |
|
372
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.89B
| $55M | 0.05% |
2,269,056
+514,935
| +29% | +$12.5M |
|
373
Marathon Petroleum
MPC
$91.7B
| $54.7M | 0.05% |
470,138
+12,739
| +3% | +$1.45M |
|
374
First Trust Cloud Computing ETF
SKYY
$2.86B
| $54.1M | 0.05% |
939,509
-52,098
| -5% | -$3.16M |
|
375
PNC Financial Services
PNC
$99.2B
| $54M | 0.05% |
342,043
+27,187
| +9% | +$4.28M |
|
Similar funds
LPL Financial's Q4 2022 Portfolio in Review
As of Q4 2022, LPL Financial held 4,669 positions worth $117B, up 13% from $104B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
LPL Financial deployed $6.24B of net new capital in Q4 2022, opening 252 new positions and adding to 2,329 existing holdings. Its largest new stake was First Trust Limited Duration Investment Grade Corporate ETF: 1,813,651 shares worth $33.9M.
By sector, the portfolio is most concentrated in Technology at 5.1% of assets, down from 5.5% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was iShares US Treasury Bond ETF, an estimated $363M trimmed.
- LPL Financial's largest Q4 2022 buy was First Trust Limited Duration Investment Grade Corporate ETF: 1,813,651 shares worth $33.9M.
- LPL Financial added most to iShares MBS ETF in Q4 2022, an estimated $272M increase.
- LPL Financial's biggest Q4 2022 reduction was iShares US Treasury Bond ETF, cutting an estimated $363M.
- LPL Financial fully exited iShares iBonds Dec 2022 Term Corporate ETF in Q4 2022, selling an estimated $26.9M.
- LPL Financial's ten largest holdings make up 17% of its $117B portfolio in Q4 2022.
- LPL Financial opened 252 new positions and closed 216 in Q4 2022.
- LPL Financial's portfolio value rose 13% quarter-over-quarter to $117B.
Based on LPL Financial's 13F filing for Q4 2022, filed 7 Feb 2023.