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 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$378M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$252M |
| 3 |
iShares Gold Trust
IAU
|
+$227M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$226M |
| 5 |
WisdomTree Floating Rate Treasury Fund
USFR
|
+$168M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$140M |
| 2 |
iShares ESG Aware MSCI EM ETF
ESGE
|
+$140M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$116M |
| 4 |
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
|
+$109M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.66% |
| 2 | Healthcare | 3.17% |
| 3 | Financials | 3.02% |
| 4 | Consumer Discretionary | 2.48% |
| 5 | Industrials | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.48B
| $37.1M | 0.04% |
755,387
+13,422
| +2% | +$705K |
|
|
IBDO
427
DELISTED
iShares iBonds Dec 2023 Term Corporate ETF
IBDO
| $37M | 0.04% |
1,476,290
+97,064
| +7% | +$2.44M |
|
428
Enterprise Products Partners
EPD
$83.6B
| $36.6M | 0.03% |
1,500,580
+258,925
| +21% | +$6.81M |
|
429
State Street SPDR Portfolio Corporate Bond ETF
SPBO
$2.1B
| $36.5M | 0.03% |
1,233,112
-165,310
| -12% | -$5M |
|
430
Schwab U.S Small- Cap ETF
SCHA
$22.2B
| $36.4M | 0.03% |
1,868,720
+70,756
| +4% | +$1.51M |
|
|
WBA
431
DELISTED
Walgreens Boots Alliance
WBA
| $36.2M | 0.03% |
956,138
+173,447
| +22% | +$7.46M |
|
432
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.61B
| $36.2M | 0.03% |
892,762
+112,361
| +14% | +$4.75M |
|
433
Ares Capital
ARCC
$13.7B
| $35.9M | 0.03% |
2,001,582
+307,567
| +18% | +$6.06M |
|
434
First Trust North American Energy Infrastructure Fund
EMLP
$4.14B
| $35.4M | 0.03% |
1,374,246
+59,566
| +5% | +$1.62M |
|
435
SPDR Gold MiniShares Trust
GLDM
$27.4B
| $35.4M | 0.03% |
+985,362
| New | +$36.7M |
|
436
Janus Henderson Short Duration Income ETF
VNLA
$3.33B
| $35.3M | 0.03% |
726,569
-618,983
| -46% | -$30.2M |
|
437
TSMC
TSM
$2.03T
| $35.2M | 0.03% |
431,123
-43,492
| -9% | -$4.02M |
|
438
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.42B
| $34.9M | 0.03% |
366,359
-89,793
| -20% | -$8.72M |
|
439
Intuitive Surgical
ISRG
$130B
| $34.9M | 0.03% |
173,610
+4,928
| +3% | +$1.16M |
|
440
BCE
BCE
$20.3B
| $34.7M | 0.03% |
705,796
+88,232
| +14% | +$4.74M |
|
441
CrowdStrike
CRWD
$185B
| $34.7M | 0.03% |
822,524
+55,840
| +7% | +$2.53M |
|
442
Schwab International Equity ETF
SCHF
$65.5B
| $34.6M | 0.03% |
2,198,766
+593,188
| +37% | +$10.1M |
|
443
Prologis
PLD
$137B
| $34.3M | 0.03% |
291,938
+31,110
| +12% | +$4.3M |
|
444
Pacer Trendpilot 100 ETF
PTNQ
$1.18B
| $33.9M | 0.03% |
673,830
-28,832
| -4% | -$1.49M |
|
445
iShares US Financials ETF
IYF
$4.74B
| $33.8M | 0.03% |
483,233
+36,028
| +8% | +$2.75M |
|
446
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.18B
| $33.8M | 0.03% |
397,040
+121,632
| +44% | +$11.1M |
|
447
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.06B
| $33.7M | 0.03% |
674,148
+162,854
| +32% | +$8.16M |
|
448
Linde
LIN
$236B
| $33.6M | 0.03% |
116,896
+14,916
| +15% | +$4.66M |
|
449
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.78B
| $33.6M | 0.03% |
497,989
+27,113
| +6% | +$1.9M |
|
450
Invesco Dow Jones Industrial Average Dividend ETF
DJD
$489M
| $33.5M | 0.03% |
795,169
+156,108
| +24% | +$7.02M |
|
Similar funds
LPL Financial's Q2 2022 Portfolio in Review
As of Q2 2022, LPL Financial held 4,602 positions worth $105B, down 9.5% from $116B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $5.93B of net new capital in Q2 2022, opening 421 new positions and adding to 2,316 existing holdings. Its largest new stake was Dimensional US Core Equity 2 ETF: 14,943,726 shares worth $348M.
By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 6.3% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street Financial Select Sector SPDR ETF, an estimated $140M trimmed.
- LPL Financial's largest Q2 2022 buy was Dimensional US Core Equity 2 ETF: 14,943,726 shares worth $348M.
- LPL Financial added most to State Street Health Care Select Sector SPDR ETF in Q2 2022, an estimated $252M increase.
- LPL Financial's biggest Q2 2022 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $140M.
- LPL Financial fully exited MGM Growth Properties LLC Class A common shares representing limited liability company interests in Q2 2022, selling an estimated $4.43M.
- LPL Financial's ten largest holdings make up 18% of its $105B portfolio in Q2 2022.
- LPL Financial opened 421 new positions and closed 184 in Q2 2022.
- LPL Financial's portfolio value fell 9.5% quarter-over-quarter to $105B.
Based on LPL Financial's 13F filing for Q2 2022, filed 12 Aug 2022.