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 | |
|---|---|---|---|---|---|---|
501
Zoetis
ZTS
$31.9B
| $29.2M | 0.03% |
196,860
+7,073
| +4% | +$1.18M |
|
502
Dollar General
DG
$28.1B
| $29.1M | 0.03% |
121,326
+14,110
| +13% | +$3.48M |
|
503
Citigroup
C
$222B
| $29.1M | 0.03% |
697,329
+53,753
| +8% | +$2.66M |
|
504
iShares US Financials ETF
IYF
$4.67B
| $29M | 0.03% |
428,915
-54,318
| -11% | -$4M |
|
505
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $28.6M | 0.03% |
645,780
+6,285
| +1% | +$299K |
|
506
JPMorgan Municipal ETF
JMUB
$8.31B
| $28.6M | 0.03% |
590,125
+393,595
| +200% | +$19.7M |
|
507
iShares Global REIT ETF
REET
$5.12B
| $28.4M | 0.03% |
1,333,758
-11,260
| -0.8% | -$277K |
|
508
Constellation Brands
STZ
$22.3B
| $28.4M | 0.03% |
123,471
+7,239
| +6% | +$1.76M |
|
509
Cheniere Energy
LNG
$54.1B
| $28.3M | 0.03% |
170,409
+43,047
| +34% | +$6.53M |
|
510
Nuveen ESG Large-Cap Growth ETF
NULG
$2.67B
| $28.2M | 0.03% |
612,072
+69,219
| +13% | +$3.56M |
|
511
Trade Desk
TTD
$8.59B
| $27.9M | 0.03% |
467,529
-9,921
| -2% | -$565K |
|
512
Unilever
UL
$141B
| $27.8M | 0.03% |
562,685
+75,178
| +15% | +$3.93M |
|
513
Norfolk Southern
NSC
$75B
| $27.6M | 0.03% |
131,484
+2,476
| +2% | +$595K |
|
|
ATVI
514
DELISTED
Activision Blizzard
ATVI
| $27.4M | 0.03% |
368,362
+232,686
| +172% | +$18.2M |
|
515
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.06B
| $27.1M | 0.03% |
614,984
+70,200
| +13% | +$3.23M |
|
516
Vanguard International High Dividend Yield ETF
VYMI
$20.7B
| $27M | 0.03% |
518,482
+10,805
| +2% | +$624K |
|
517
S&P Global
SPGI
$122B
| $27M | 0.03% |
88,287
+1,864
| +2% | +$667K |
|
|
IBDN
518
DELISTED
iShares iBonds Dec 2022 Term Corporate ETF
IBDN
| $26.9M | 0.03% |
1,075,183
-72,049
| -6% | -$1.8M |
|
519
Nucor
NUE
$58.5B
| $26.8M | 0.03% |
250,668
+3,514
| +1% | +$441K |
|
520
Analog Devices
ADI
$179B
| $26.8M | 0.03% |
192,333
+12,415
| +7% | +$1.96M |
|
521
Global X MLP & Energy Infrastructure ETF
MLPX
$3.6B
| $26.7M | 0.03% |
713,295
+61,012
| +9% | +$2.48M |
|
522
iShares Global Clean Energy ETF
ICLN
$2.33B
| $26.6M | 0.03% |
1,394,165
-741
| -0.1% | -$15.8K |
|
523
Simplify US Equity PLUS Downside Convexity ETF
SPD
$104M
| $26.5M | 0.03% |
1,003,736
+604,084
| +151% | +$16.4M |
|
524
SPDR Gold MiniShares Trust
GLDM
$27.9B
| $26.5M | 0.03% |
804,207
-181,155
| -18% | -$6.21M |
|
|
BSCM
525
DELISTED
Invesco BulletShares 2022 Corporate Bond ETF
BSCM
| $26M | 0.03% |
1,228,913
-120,671
| -9% | -$2.56M |
|
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.