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 | |
|---|---|---|---|---|---|---|
376
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
| $46.4M | 0.04% |
456,152
-15,718
| -3% | -$1.65M |
|
377
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.06B
| $46.1M | 0.04% |
1,153,845
+278,940
| +32% | +$11.1M |
|
378
Alerian MLP ETF
AMLP
$12.9B
| $45.6M | 0.04% |
1,189,321
+172,287
| +17% | +$6.34M |
|
379
State Street SPDR Portfolio Corporate Bond ETF
SPBO
$2.09B
| $44.8M | 0.04% |
1,398,422
-469,309
| -25% | -$15.5M |
|
380
State Street SPDR S&P Semiconductor ETF
XSD
$2.69B
| $44.7M | 0.04% |
215,613
-1,125
| -0.5% | -$233K |
|
381
Invesco S&P MidCap Low Volatility ETF
XMLV
$753M
| $44.3M | 0.04% |
793,946
-49,070
| -6% | -$2.69M |
|
382
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.66B
| $44.2M | 0.04% |
1,305,469
+256,865
| +24% | +$9.14M |
|
383
Emerson Electric
EMR
$83.3B
| $44.2M | 0.04% |
450,934
+24,049
| +6% | +$2.28M |
|
384
Schwab US Mid-Cap ETF
SCHM
$14.5B
| $44.2M | 0.04% |
1,746,537
-172,800
| -9% | -$4.33M |
|
385
ARK Genomic Revolution ETF
ARKG
$1.6B
| $44.1M | 0.04% |
961,060
-166,001
| -15% | -$7.91M |
|
386
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.45B
| $43.6M | 0.04% |
714,748
+131,741
| +23% | +$8.17M |
|
387
CrowdStrike
CRWD
$189B
| $43.5M | 0.04% |
766,684
+48,972
| +7% | +$2.28M |
|
388
Vanguard S&P 500 Value ETF
VOOV
$6.61B
| $43.5M | 0.04% |
288,489
+20,110
| +7% | +$2.99M |
|
389
First Trust Health Care AlphaDEX Fund
FXH
$1.04B
| $43.2M | 0.04% |
377,093
+20,479
| +6% | +$2.3M |
|
390
Hershey
HSY
$35.9B
| $43M | 0.04% |
198,670
+1,108
| +0.6% | +$225K |
|
391
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.59B
| $43M | 0.04% |
319,285
+86,389
| +37% | +$9.95M |
|
392
Avantis US Small Cap Value ETF
AVUV
$30.3B
| $42.9M | 0.04% |
536,724
+201,595
| +60% | +$16M |
|
393
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.2B
| $42.8M | 0.04% |
398,713
+72,997
| +22% | +$7.74M |
|
394
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.7B
| $42.8M | 0.04% |
1,066,206
+152,681
| +17% | +$6.27M |
|
395
Schwab U.S Small- Cap ETF
SCHA
$22.3B
| $42.6M | 0.04% |
1,797,964
-76,728
| -4% | -$1.81M |
|
396
Kinder Morgan
KMI
$70.5B
| $42.5M | 0.04% |
2,246,886
+174,075
| +8% | +$3.06M |
|
397
iShares International Select Dividend ETF
IDV
$8.46B
| $42.5M | 0.04% |
1,337,488
+29,363
| +2% | +$940K |
|
398
Invesco S&P SmallCap Value with Momentum ETF
XSVM
$677M
| $42.2M | 0.04% |
782,591
+135,218
| +21% | +$7.23M |
|
399
ARK Web x.0 ETF
ARKW
$1.65B
| $42.1M | 0.04% |
482,929
-266,761
| -36% | -$24.1M |
|
400
Prologis
PLD
$136B
| $42.1M | 0.04% |
260,828
-9,425
| -3% | -$1.44M |
|
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.