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 | |
|---|---|---|---|---|---|---|
451
Colgate-Palmolive
CL
$73.1B
| $35.6M | 0.03% |
469,180
+1,603
| +0.3% | +$127K |
|
452
Schwab Fundamental US Large Company Index ETF
FNDX
$26.7B
| $35.5M | 0.03% |
1,820,658
+703,761
| +63% | +$13.6M |
|
453
Ares Capital
ARCC
$13.5B
| $35.5M | 0.03% |
1,694,015
+74,615
| +5% | +$1.59M |
|
454
iShares Convertible Bond ETF
ICVT
$7.2B
| $35.4M | 0.03% |
424,683
+207,364
| +95% | +$17.2M |
|
455
iShares US Real Estate ETF
IYR
$4.66B
| $35.4M | 0.03% |
326,974
-488,650
| -60% | -$51.6M |
|
456
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.3B
| $35.4M | 0.03% |
642,334
+100,914
| +19% | +$5.73M |
|
457
Air Products & Chemicals
APD
$65.7B
| $35.3M | 0.03% |
141,395
+19,340
| +16% | +$4.97M |
|
458
Mercado Libre
MELI
$95.2B
| $35.3M | 0.03% |
29,659
+5,671
| +24% | +$6.17M |
|
459
WisdomTree US MidCap Fund
EZM
$940M
| $35.2M | 0.03% |
644,318
-22,741
| -3% | -$1.23M |
|
460
Vanguard International High Dividend Yield ETF
VYMI
$20.6B
| $35.1M | 0.03% |
519,724
+74,703
| +17% | +$5.08M |
|
|
WBA
461
DELISTED
Walgreens Boots Alliance
WBA
| $35M | 0.03% |
782,691
+180,230
| +30% | +$8.86M |
|
462
Zoetis
ZTS
$32.4B
| $35M | 0.03% |
185,764
-1,914
| -1% | -$378K |
|
463
Digital Realty Trust
DLR
$69.7B
| $34.9M | 0.03% |
246,388
+52,303
| +27% | +$7.56M |
|
464
Berkshire Hathaway Class A
BRK.A
$1.1T
| $34.9M | 0.03% |
66
+6
| +10% | +$2.91M |
|
|
IBDO
465
DELISTED
iShares iBonds Dec 2023 Term Corporate ETF
IBDO
| $34.9M | 0.03% |
1,379,226
+43,371
| +3% | +$1.1M |
|
466
Chubb
CB
$135B
| $34.9M | 0.03% |
162,980
+15,382
| +10% | +$3.13M |
|
467
First Trust Indxx NextG ETF
NXTG
$536M
| $34.8M | 0.03% |
457,639
-8,074
| -2% | -$621K |
|
468
Alibaba
BABA
$293B
| $34.7M | 0.03% |
319,118
-50,873
| -14% | -$5.86M |
|
469
iShares Dow Jones US ETF
IYY
$2.95B
| $34.6M | 0.03% |
311,004
-1,310
| -0.4% | -$144K |
|
470
First Trust Nasdaq Oil & Gas ETF
FTXN
$167M
| $34.4M | 0.03% |
1,298,857
+906,964
| +231% | +$21.3M |
|
471
Cummins
CMI
$87.5B
| $34.3M | 0.03% |
167,427
+33,513
| +25% | +$7.25M |
|
472
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.62B
| $34.3M | 0.03% |
780,401
-9,438
| -1% | -$418K |
|
473
BCE
BCE
$20.2B
| $34.3M | 0.03% |
617,564
+59,024
| +11% | +$3.13M |
|
474
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.4B
| $34M | 0.03% |
513,163
-38,248
| -7% | -$2.6M |
|
475
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.75B
| $34M | 0.03% |
470,876
+143,650
| +44% | +$10.3M |
|
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.