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 | |
|---|---|---|---|---|---|---|
401
iShares MSCI Intl Quality Factor ETF
IQLT
$13.6B
| $40.4M | 0.04% |
1,455,582
+142,671
| +11% | +$4.41M |
|
402
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.08B
| $40.1M | 0.04% |
1,251,675
+123,549
| +11% | +$4.48M |
|
403
Paychex
PAYX
$43.4B
| $40M | 0.04% |
356,294
+12,613
| +4% | +$1.56M |
|
404
Kinder Morgan
KMI
$70.9B
| $39.9M | 0.04% |
2,399,325
+69,880
| +3% | +$1.24M |
|
405
Invesco S&P 500 Pure Value ETF
RPV
$1.66B
| $39.9M | 0.04% |
570,914
-791,554
| -58% | -$60.9M |
|
406
WisdomTree US SmallCap Dividend Fund
DES
$2.19B
| $39.7M | 0.04% |
1,543,230
+178,375
| +13% | +$5.17M |
|
407
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.05B
| $39.7M | 0.04% |
907,518
+56,344
| +7% | +$2.87M |
|
|
DFUS
408
Dimensional US Equity ETF
DFUS
$20.3B
| $39.5M | 0.04% |
1,018,439
+100,562
| +11% | +$4.32M |
|
409
TotalEnergies
TTE
$193B
| $39.5M | 0.04% |
849,603
+78,582
| +10% | +$3.95M |
|
410
Becton Dickinson
BDX
$46.4B
| $39.4M | 0.04% |
176,701
+5,818
| +3% | +$1.45M |
|
411
VanEck Agribusiness ETF
MOO
$992M
| $39.3M | 0.04% |
486,796
+36,375
| +8% | +$3.23M |
|
412
Fidelity Nasdaq Composite Index ETF
ONEQ
$9.97B
| $39.2M | 0.04% |
946,841
+292,149
| +45% | +$13.6M |
|
413
Ares Capital
ARCC
$13.4B
| $39.1M | 0.04% |
2,316,969
+315,387
| +16% | +$6.1M |
|
414
First Trust Materials AlphaDEX Fund
FXZ
$366M
| $38.9M | 0.04% |
749,614
-116,234
| -13% | -$6.85M |
|
415
Cummins
CMI
$83.6B
| $38.8M | 0.04% |
190,692
+22,361
| +13% | +$4.76M |
|
416
Chubb
CB
$140B
| $38.8M | 0.04% |
213,137
+12,271
| +6% | +$2.33M |
|
417
Invesco S&P MidCap Low Volatility ETF
XMLV
$762M
| $38.5M | 0.04% |
802,433
+25,978
| +3% | +$1.37M |
|
418
Vertex Pharmaceuticals
VRTX
$123B
| $38.5M | 0.04% |
133,075
-2,741
| -2% | -$789K |
|
419
ServiceNow
NOW
$120B
| $38.5M | 0.04% |
509,675
-20,985
| -4% | -$1.89M |
|
420
L3Harris
LHX
$55.4B
| $38.2M | 0.04% |
183,621
+8,200
| +5% | +$1.89M |
|
421
Schwab US TIPS ETF
SCHP
$16.4B
| $38.1M | 0.04% |
1,470,814
-852,988
| -37% | -$23.7M |
|
422
First Trust North American Energy Infrastructure Fund
EMLP
$4.1B
| $38M | 0.04% |
1,525,630
+151,384
| +11% | +$4.12M |
|
423
Schwab US Mid-Cap ETF
SCHM
$14.2B
| $37.8M | 0.04% |
1,875,852
+71,586
| +4% | +$1.6M |
|
424
Enterprise Products Partners
EPD
$83.7B
| $37.7M | 0.04% |
1,586,172
+85,592
| +6% | +$2.21M |
|
425
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.6B
| $37.6M | 0.04% |
1,456,973
+67,477
| +5% | +$1.95M |
|
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.