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 | |
|---|---|---|---|---|---|---|
426
Intuit
INTU
$86B
| $38.4M | 0.03% |
79,820
-6,304
| -7% | -$3.23M |
|
427
Valero Energy
VLO
$92B
| $38.2M | 0.03% |
376,151
+129,416
| +52% | +$11.2M |
|
428
Global X S&P 500 Covered Call ETF
XYLD
$3.22B
| $37.8M | 0.03% |
764,203
+233,179
| +44% | +$11.4M |
|
429
Invesco S&P MidCap Quality ETF
XMHQ
$5.43B
| $37.8M | 0.03% |
500,752
+179,918
| +56% | +$13.7M |
|
430
First Trust Industrials/Producer Durables AlphaDEX Fund
FXR
$726M
| $37.8M | 0.03% |
669,192
+87,791
| +15% | +$5.07M |
|
431
iShares US Financials ETF
IYF
$4.67B
| $37.8M | 0.03% |
447,205
+56,893
| +15% | +$4.9M |
|
432
L3Harris
LHX
$50.6B
| $37.7M | 0.03% |
151,563
+5,299
| +4% | +$1.23M |
|
433
iShares ESG Aware MSCI EAFE ETF
ESGD
$11.9B
| $37.6M | 0.03% |
509,533
+7,873
| +2% | +$593K |
|
434
Eaton
ETN
$157B
| $37.2M | 0.03% |
245,593
+24,621
| +11% | +$3.85M |
|
435
Pacer Trendpilot 100 ETF
PTNQ
$1.2B
| $36.7M | 0.03% |
702,662
-46,573
| -6% | -$2.55M |
|
436
Clorox
CLX
$11.6B
| $36.7M | 0.03% |
263,947
+58,449
| +28% | +$8.96M |
|
437
iShares MSCI Intl Quality Factor ETF
IQLT
$13.8B
| $36.6M | 0.03% |
993,589
+68,412
| +7% | +$2.53M |
|
438
First Trust Energy AlphaDEX Fund
FXN
$384M
| $36.6M | 0.03% |
2,295,249
+824,813
| +56% | +$11.7M |
|
439
Invesco S&P 500 High Beta ETF
SPHB
$969M
| $36.5M | 0.03% |
480,711
-442,496
| -48% | -$33.2M |
|
440
First Trust North American Energy Infrastructure Fund
EMLP
$4.11B
| $36.4M | 0.03% |
1,314,680
+180,271
| +16% | +$4.67M |
|
441
iShares US Industrials ETF
IYJ
$1.97B
| $36.1M | 0.03% |
342,112
-5,263
| -2% | -$555K |
|
442
First Trust Low Duration Strategic Focus ETF
LDSF
$161M
| $36M | 0.03% |
1,855,239
+355,293
| +24% | +$7M |
|
443
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $35.8M | 0.03% |
684,375
-253,893
| -27% | -$14.2M |
|
444
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
$2.72B
| $35.8M | 0.03% |
967,656
+357,255
| +59% | +$13M |
|
445
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.8B
| $35.7M | 0.03% |
381,327
+1,236
| +0.3% | +$120K |
|
446
Marathon Petroleum
MPC
$91.5B
| $35.7M | 0.03% |
417,354
+18,550
| +5% | +$1.41M |
|
447
iShares Expanded Tech-Software Sector ETF
IGV
$12.5B
| $35.7M | 0.03% |
517,230
-272,400
| -34% | -$18.7M |
|
448
Stryker
SYK
$123B
| $35.7M | 0.03% |
133,434
+5,525
| +4% | +$1.43M |
|
449
Vertex Pharmaceuticals
VRTX
$120B
| $35.6M | 0.03% |
136,504
+16,002
| +13% | +$3.8M |
|
450
Trade Desk
TTD
$8.41B
| $35.6M | 0.03% |
514,291
-55,118
| -10% | -$3.98M |
|
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.